HomeMy WebLinkAbout1901
PENINSULAR LIFE INSURANCE OOWPANY
Jachon\'ille, F10nda
MORTGAGE NOTE
7
'451
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BGCK
ST.lUC\[ CfllNn, rL~,
Port Pieroe, .
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6,500.,00
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FOR VALUE RECEIVED, Ihe undnligned, jointly and revaally, promise to pay to the order oi PENINSWLAIt.
LIrE I:\Sl'R.\:\'CE COMP:\:\Y, a corporalion of Ihe Stale of Florida.
THOUSAND
FIVE _ ~~-,~~,.,~,~I.~g,~I_~,.._~....':':....~,..'t>ollm ($..,&..500.0,0_...,...._.....,)
SIX
t,,'(,'lh.r with intelnt thereon at Ihe rale of. - ..7.., _...., % pt'r anilum from dale un Iii matUrily, bolh principal and inle'ell being
p'1OJhl.. in 1Il0nlhlv inslallments after dale of
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SIXTY and nO/lOO I a___ ,.._.. ,..".,.,.......,.....,..,_..Dollan ($,.,6O.,O,Q,..............,..,.,) on
tlw f,rsl d.I\' of each and eHry mon,h bcl(innini( wilh Ih.. fiuI ,la~' of Ihe It'Cond monlh aftet dale, 10 be applied finl on Ihe
in1<I('\I on th,' ",hole h.II.11lle rernaininl( from tll1le 10 tllne unp"id and Ihen on Ihe principal, bolh principal and inler~1! ~ing
p,(\"l,k 'n 1.1\\;,,1 rUl/elll\' (Of the l'nllrd Sl~t..., ,It the offiCI'S of Peninsular Life Inlurance Company, Jacbonville, Florida,
"I ""h l.th.., pl."'r as rn:\\' be des".;nated b,' Prninsu\a, Life Imulann' C)mpany', A paymenl of inlerell only will be due
,I"" J-;-.",,,hle un the fir<l da\' of the firsl month after dale,
.-\ddi,ional payments on th.. p,incipal of Ihis indebtedw'lI in amounl. equal I() one or mO'e nexl ensulllll: ('on~cutive
pcill,ip,1I p,l\lI1<'nts lila" I... rnad. wilhoul p<'nalt,' on any date when interesl b.-comes due and payable; provided Ihat Ihere
,!',oil ,,1<0 b" p"id. '" consideration for Ihr pri\'ilrl(e oi m.1kinl( such paymrnls in advance of malurily, a lum equal to 3%
lit \\11 h e.",n.s\ p.l:.mcn~ If Inad,. pllor to thrr(" years from dat(", 27(1 of surh excf'U paynlrnt if nlade aftr-r thr~ year1 from
d,Il., ,,"d pr:ol to "'\"'n vrars f,om dall', and IN,-' nf lOch e"c{'.. pa)'me.ll if made after .<'",n ,'~afl f,om dal~ and prior
t., tnl 'eM\ fr"m .laIr, SUl h addlllOnal pal'menB shall nol relieve Ihr maler hereof from payin,l( Ihe monlhly ins~allmenll as
fll'f,.in pro\'id~d,
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If dd,lIdl he lTladr in the p,lYlTlrnl of allY ilUlallm~nl of pri ncipal Of inlerell al Ip<'cified herein, or any part the,eof,
Ih" ",Iwlt. "JIll Ih..n r.'m.llnin>.: lInp"id ""del th.. r.ote shall brcome immediatdy du~ and payable, and in case of any luch
dd,,,dt tIll' IIclIlt'/';>(ll..d f"rth.., ,I>(I.'{' to pay all cost, of collertion, includinll: 3 reasonahl.. allorney', f~e, Afler malurity
fWfnlf, whdht'f th" rlo(rrl.ll IJI:t.turit) Of ac(t>l("ralt,d IlI.ltu(ih' as pro\'idr-d h(~r("in, both prinripal and at:{'[ued intrft"st shaU
Iw.lr jIlt"ft'S[ ~It tht' ratr' of t'i.lrr:ht pf"( t-~nt. (8t;'r) pef annum until paid.
I',,',,-nllllrnt for P,l\ lIH'nt, dnnand, noti.-r of di,honor, plotelt and nOlice of prolest ar~ he,ehy waiv~d bv all mal...rs
,Iud t'lll!O(('I'n }It'c(''of.
:-\t~ltl' docurllr'ntary 5tanlJH in thr
.tfllUllnt of $, 6.50 att.hht.d to
('rl~ln.ll uolr and cann'lIr-d
/s/ JOE OLIN JOHNSON
H.. 'H_ _,_ .."
Joe Olin John.on
/ S(a~X:n1()~~~()l{_......
J~~
(SEAL
,\:\Il ,hall pnfolfll ,dl ""Tn.mts and cor.dilion, of ...id pro'lli"ory 'lOlc, and of an\' renewal, extension or modifi.
t ,ttl''11 thl'reuf, and of rhi, I11()fh~a,-:('". rh,'n rhi. tllllrt'(:\~t" dl f"d and tht' ("5tat~ lh~r~by crf"att"d "hall eraS(" and ~ null and
\Old
S,utl .\fllrl~aF:urJ furth('r ~:o\'t'n;tnt and ~,....rt.l' h' and with Jaid l\fo,tiag~':
l"u p.l\" all and (,jnC:lJlac rhC" principal and intrrr5( and tht' \"ariolu and !undry surru of nlonry payablr- by virtuC'
III ....lld plllfninoc\" note. .uul ~lny rrrH"w:tI. rxrl'n~ilJn o( rllodification thf"rr-uf. and of this Inort~a~c, f"ach and c\:cry, prompt-
h .,n Ill!' <1:\\, rC"'!J)(.(ti\"t"l\" rhl' !Ii.UIIf' sC.\Tralh ht"("OrIlf" dur,
-1'0 p.1.y .lll .lnd ,in~ubr thC" tax('~, al','l'''~rr1l'nt'. 1("\"ir5, liahilitit'!I, obli~atjor.5 and t"ncunihranCl'" of f'\"("ry nature
:lfl'! k;l,d 011\"1 011 .said d(,5(ribnt prop('rtv, and/or th;n hcrcaftt"c may h!" irnpo5f'dJ 5ufft'cf"df placed, le\"i~d lIr a.sSC"ut'd there--
"i''''', "",I, 01 Ihat ht'r~aftrl lIIa\' be J..vierl 01 :l"",;erl upo" this morll':a~e and/or Ihe indebtedne!! secured hereb\", ~ach
,PI'! f \"r\, ......hr.n du(" and p.lvabIt' .l\'lurdi.w; tll I.l""-, befncr thf'\" l:)('cornr delinquent, and hr-fore an)' intrrt"5t atlachtJ or an)"
pO'l"lt\, " 1IIrII Irrd , and in so far '" anv Ihneof is of ,",o,d Ihe same shall ~ promplly salisfied and discha'l(ed of record
,,"-1 t~w lIlI>(II"tl offi..i.ll documenl ('u,h aI, for inslan.., the tax receipl or the satisfaction pap.., officially rndorsed or c..rti.
fwd ,h.!1 I... placed in th.. h,ln,1. of said Jfort!;ngu I>liol 10 Ihe 'l"xt pa'menl du.. al pro\'ided in said promilSOry nOle;
,,"" III tt... ",ot Ih,lt any th..lt'of i, not 10 paid, salisfi...1 "nd disrharl(ed, said Mo,tgagu may at any time pay Ih~ lame 0'
.In\ I'.HI tll4'p'llf without ""'.livine- or aff(."rtin~ an\-" upriofl, lif'n, r-quit)" or ri~ht und~r Of b)' virtur- of this nlort~a~e, and the
f,,1I ,'"""1IIt of ,'a' hand ,.,'('IV Ill. h panlH'llt sh:ll! be irn "...diat..lV' due ;i'ld p"vable and shall hear inlere.! from Ihe date
tI"'I" ,f uutil p.wl at !hr r.He of ri>(hl per cent. (11';;' I per annu m and tOI(,'lher wi.h such inlrresl shall be secured by
th" li,'n ('If thi\ Inort~,H~f",
J, TO PLACE AND CONTlNUpUUY KEEP ON THE BUILDINGS NOW 01 ~EIEAFTn 51TUArt ON 5'\10 LAND flU 1..5UUNCE
IN AMOUNT OF NOT I <55 THAN $ b ,~OO. 00 , AND EXTfNl)fO COVfIAG[ IN5UIANCII~ 5UCH AMOUNT
AS MAY IE AVAIlABLt in Ihr ulua) st"lldard policy form, in such company or companies as may bt- appro\'ed by said }.fo,t.
!;n!;" , alld .tll iIllUI,lnr,' pol,,-i... on an\' of ,aid buildill>(', :lnV' inll'lel! therein or parI thereoF, in Ihe al(l(r~l(ate rum aio'~laid
"r III ,-v.." therrof. shall rontain the mual stan,lard mo'lI(al(ee clause makinl( Ihe Iou under said policies, each and every,
1',1\,"';" t.. "lid Jf,,,'}:aj;U "s its intne't ma\' app..ar, and each and eve,)' such policy .hall b.. promplly ddi\'.red 10 and
1,..liI I" ,,,id ,\furt"O!;u: and, not Ir" than 10'1' d"ys 'f1 ad,,,nce of thr expiralion of each poli.y, 10 deli\'er to said MO,ltagn
,I I 'f1' \\".11 thnl'of, lu>("tI...r ",ith " 1."Tlpt foc th.. pr..mium of such r,' n..wal; and Ihere Ihall be no fire insurance placed on
,"" "f ',lid bllildin~', ,Ill' int,'rnt Ih.....in " pul th'-I..or. unless in Ihr form and wilh Ih~ loss payabl.. .11 aforesaid; and
III rtw l'\"'Jlt an\' 'HUll of rnon,.\, h('( OlTles p.l\-,lhll' undec ~u("h poJiry or ~>oli(ie! .said .\fortRa;.tt 5hall have thr option to rec('i""r-
.lInl .lpph' dw IIi.Ul)(' on ~lt'(-{)unt of thf' ind,'btNln~~' ,,"rur,.d ht'crhy or to p,.rmit 5aid ~~fortRa~orl to rt"cei\"f" and us.e it or
.ltI\- p.tlt rtwrf'(,f ftlf othrr ptHP<HI" without tfIf'cI.hy w~ljvin~ or impairin~ an..,. rquitv. !i~n or ri~ht under or by \"irtu~ of thi.
"'ort",,>(,', "nd III th,' <"<"lit s,lid .\foOrt!;O;;"" sh.1I1 fGI any reason fail 10 keep thr laid premi~s so insured, or fail 10 deliver
P(~ITlqltl\' .Ill\" (If _',lid polic if" (.If iTlsur.lnr(' to s.J.id .\flHtt:n~('(. or fail pcumpth-' to pay fully any premium thrrefor, or in any
r,"p",' f.1I1 to pnforrn,- d", h..r'(e, nceulr, ,.!fe, t. ,omplete, cnmplv with and abid~ bv this co\'enanl, 0' any parI he,eof,
<;.Iid .\f';'~~(J(,.r rtl~l\" 1'1.-1((" .1Ild ~).lY fllr stHh ;nsuraol'(" or ~tny p'lrt th('(ro( without wai"in~ or affectin.~ any opt;on. lien,
"'1t:!" or "l'llt und"1 or hy vin!!r "f this fTI01l<::t>(". and th. full amounl of ..ach and everv such payment shall be im,
In""","" du., "nd p.w"hle without dnna"d and sh,,1I br:ll inlrrell from Ihr dale th.reof ulllil paid at Ih~ 'ale of ~i~hl per
. ,'ul 1\': 1'" ,1nnurn anrllOl':elhe' w,:h sUlh intn,'\! ,h.1i1 1", sec"r.d by Ihe li~n of Ihis mortl(al(c,
T.. permil, commil or su[fer no waSle, impalrrnrnt 0' d~t..rior"lior. of uid p'opt'rly or any part thereof.
" To P,1\' all :lnd ,inl(ula, thr CO'I', ch,'rl(rs a nd e"pense~, ;nrluJinl( reasonahle 1?W)'e"1 feel and cosl of ahstracll
"f tollr. "" ul/,'d or paid at ,;IlV' Wne f:V' saiel Jfnrlga,(u h{"causr and/or ;n Ih., evenl of Ihe failure on :he parI of Ihe said
11'''[''1(0'' I" dul\'. prompl"- ann Fully perform, dis, har~e. ex~cule, effect, complet", comply with and abid~ by ~ach and
"\f'r\" dlf" q'pul.ltion<, .1~C'Trn('nt51 conditi,)n, and C(l\"('lIants of said pfornlUOf)' notc!, and this morlRaKt', any or ~ilh('r, and
"id ,...t" ,11.1/1(," .1nd rxp..n"", rM h ,1".1 ~\'elY, ,hall be imm.diately' due and payah!.-, wh~ther or nOI Ihere be OOlite, dr.
I",,"d, ,lll"lIlpt to l 011('(, or "Iii prnrlinl':, anrl tll!' full amounl "F .."ell and eve,\" surh paymenl shall bra, inl~'~sl from the
d"", tlrr,."f IInl:1 paid .11 th.. laIc of cil(hl ppr r 'nl (8r~, pr, annum; and all said costs, ..ha'~el and eXp<'nvs .0 mcurr..d
..r p,lid, l..~rlhrr with lu' h intnesl, .hall be Icrured bV' :he li~n of this morll(a~e,
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