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6571..00
~t. 'et.rlburQ
pay to thv order of
F 10.
D.." Con.truc:t Ion L_
Dollor5.1
::~", l' PAGE 114
For 'It) I uy rece i 'led t I or \'/e, proml5e to
. D".lop..n~'C'* rC~TT, HII.
~ the pri nci pol sum of ;! I. Thou..nd , I VI Iiuhdr.d and s.".. t)' " no/I 00
;.\ ($ 6570.00 ), toge1'her with interest thereor, frOCll S'DtMb.r 11. 1961
'at the rote of 8 Der annum unti I maturity, said principal and interest
,
being payable as
follows: plus 1.95 {or _rt'.'I',,,.uran,. .. 1.95 for IIOrtgag.
S 6~.iO on the --1!Ldey of nuar" 962 . and $ u-4e80 plul on the 10 day of
each consecutive InOnth thereafter until the .-.!.!day of Januery, 1969 b~lnb.ic:f..9~!~~'
entire unpaid balance shall become due and payable. Each payment of S ~4eU . sha II j-epresenl'
pby~nt of interest"nnd principal, and shall be eredited first toward interest and the remainder
toward principal. The moker agrees that if gny installment becomes delinquent, the holder sholl
hove the option to deaand payment of the entire unpaid balance then due and owing, together with
accrued "interest thereon. this note may be prepaid at any time without penalty.
Each maker and endorser severally waives demand, protest and notice of maturity, non-payment
or protest and all requir~ts neces56ry to hOld each ot them liable as mokers and endorsers.
Each maker and endorser further ogrees, jointly and severally to pay 011 costs of collection
including a reasonable Attorney's fee in case the principal of this note or any payment on the
principal or any interest thereon Is not paid at the respective maturity thereof, or in case it
becomes n&Cessery to protect the security hereof, whether suit be brought 01 not.
Th i 5 note and deferred i nterast paymeflts sha II bear interest at the rate of '10 per cent
per Dnnum from maturity until paid.
1 Th i s note is secured by 0 firs t mortgage of even dote herew'i t h nnd is to be con- (
'Istrued and enforced according to the la~s of the St~te of Florida: upon default in the payment
lof principal and/or interost due on any note secured by said Mbrtgage, 011 notes so secured and
remaining unpaid shall forthwith become due and payable notwithstanding their tenor.
King David Cobb (SEAL)
"-
Reatha C("\~b' ; (SEAL)
and &hall duly, promptly and tully perfonn. dlacbarge, execute, effect, completfl, comply With and abi&i Iii' ii.CIi
and every the atipulsUon.tl, agreementa, conditlona and covenanta of wd prom1alory note and of th1a mortgap,
then thla mortgage and the estate bereby created lhall t:..... and be null and void.
It ill WlJeratood that each of t.'1. worda, "note," '.mo~agor" and "moncacee" respectively and tha pron.
ouns referring thereto, whether In the atnculu or plural anywhue III th1a mortple, aha11 be aingular If ODe 0Dly
and IIhall be plural jointly and MvenJly, It more than one, and aha1l be muculine, feminine and/or neuter, wher-
ever the context 110 Impliea or admita.
And wd Mortg&&,or for h1nuIelt and hla beira, legal repnlMlltaUve8, wcceuon and pmg.... hereby CO"'..
anti! ana agrees to and with Ald Mortp.pe. hla legal reprMeDtaUvtl8, lU~rs aDd uaIpa:
1, To pay all and 81n~ the principal and Inte!'ll!.t and the varioua an4 IUD4ry IWDI 01 money payable by
virtue ot wd promLuory note, and thia mo~&ge, each and evei'Y. promptly Oil the daya ~"'el7 tho 8&mI
MveraUy becoDUI due.
2. To pay all and llJ1<<Ulu the taxes. a.ueasmenta, levl_ llabWUM, obUgat1oDl and incwr.brancee ot ev6l')'
nature and kind now on wd delcrtbed property, and/or that hereafter m&7 be bnpoeec\, IUftenod. plaeed. levied
or auesaed thereupon, llJ1d/or that hereafter may be levied or ....ued upon WI mortcage and/or the L'ldebt.ed-
ne.. lIeCUred hereby, each aud every, when due a.nd payable ac:cordinC to law, before they become delinquent.
and before any tntere.t attacbea or any penalty la tncurred; and in 80 fu .. any thereof ta of record the 8&Dle
I!hall be promptly utlatled and dlKharged of record and the origina! of1lclal document (aueb ... for 1DIt&:1ce,
the tax receipt or the uti.faction paper officially endoned or certlfied) aha11 be placed in the band!! of aa1d
Mortgagee withtn ten day. next after payment; and in the event that any thereof ta Dot 1M) pald, sau.fted and
cilschargec!, wd Mortgagee may at any time pay the aame cr any part thereof without walving or affeetIne
any option, llen, equity or right Wlder or by virtue of thiI mortg&&'e, aDd the tun &mOunt of e&Ch and every
luch i1ayment shall be Immediately due and payable and .ha11 bear interelt from the date thereof unW pald
at the rate of ten per centum per annum and together with neb Intereat Ih&ll be aecured bT the llen of thia
mortga~
a. To plaee and conUnuoualy keep on the buil4lng. now or hereafter IIItuate on aald land tire and wlncktorm
lnaurance In the U8Ual standard polley fonn, in .. IUJD not lea than ......__....._..........____........__._._., In IIUCh WID-
pany or comp:lnlca &JS may be approved by aald Mortgagee; and aU web lnIUrance pollclea OIl any of aald bulld-
tngll, .-"y Intereat thereIn or part thereof, in the aggregate IWD .foreaald or in exceaa thereof, ah&l1 contain th,
UL1J.I .tandard mortgagee claWle making the loa Wlder aald pollciu, each and every, payable to wd Mortga.-
gee as bla lIlt.reat may .ppear, and ea.ch and every IUcb poUey IhaD be promptly ","llvered to and MId by I&ld
Mortgagee; and, Dot leal than tAm da)'ll In adv&DCe of the apiraUOD of each polley. ~ deUYer to wd Kortcacee
.. reJl6wal thereof, together with a receipt for the premIum of web renewal; and there ah&l1 be DO web lMur-
anee placed on llJlY of Ald buildIngs. any lIlterest there:n or part thereof, unlea in the form and with the 1011
PEoy....le .. aCoreaaId; and In the event aQ7 IUlD of money becomee payable under web polley or pollcl.. wd
Mortgagee .hall have the option to receive and apply the l&Dle on account of the lDdebtednea MCUre<1 hereby or
to permit aald )(ortpgo.r to receiVe and \1M It or L'lY part u..of tor oUler PUI'p')MII without thll'eby wat\'lq
or lmpa.1rtq any equity, llen or right under or by virtue of tbta ~; an4 In the event .-ld )(~r aha11
for any reuon fall to keep the dld preml... 1M) IDItn'ed. or talJ to de11V!I' promptly any of said -pollet.. or
lnaurance to .ald J.:ortcac~ or fall prompUy to pay tully aDY premium therefor. or in any reapect. tall to per-
fonn. c11Ich&rI'e. executf., effect, complete, comply with and abide by t.hI.I covenant. or any part hereof. wd M:ortC.
&gee may place and pay for IUch In8UraDce or any part thereof without wal~ or aftecUnc any opUon, llen.
eq\ll.ty Ot' ri(bt \lDder or by VirtUe of thia D1OI't.pce, and the tu11 a.1J'OUIIt of each aDd ...". IIUClb payment IbaD
be Immediately due and payable aDd .haD bear Intereal from the date thereof until paid at tM rate of tell pet
centam pol' amaum and topther with web lDw.t aball be IMICUNd by the lieD or thJa JDOrtpa..
.. To penDtt, commit or After DO wute, 1mp&lnDeat 01' ~ or 8&l4 ~ 01' UI7 part tMreaf.
IS. To pe.J aD and IIIngu!.ar the ~ ebarpI aDd eX})eD18S. lnc1u41nC NUOD&bIe la..,..... ,... and CC>>t 01
~ of Uu.. Ineu.rncl or p&1d at ~ tlDM by _4 Kori.ppe becaUM &D4/or ill the nut 01 the tallure
OIl the put of the uld ~ to 401y, prompl7 &D4 fUlly PM--' ~ ~ et1Mt, oompWe.
comply with and aJJIch b7 uc6 liIl'J rtfIr/ the atlpu!aUc:u, ~ta. "ODd'tto-. and OCWOD&Dta of Mic\ promie-
ItO'7 DOt.-, aDd tbla mortpp, any 01' either, &ad MId coab, cb&rI'ea aDd ~.... MOIl &lid wnry, abaD be bIP
1Mdl&~ ctlIe aDd payable, wheth.. or DOt ~ be DOtfCl, --...... attalr.pt to coDeat or IIUtt pe;IMtiq; and tbe
taD amout 01 __ and ...., -.ell p&)'IIIMDt IbAI1 bear ia~ frcD De ~ tMNof _tIl pUd at tM rate 01
tea i*' CIIltaa I*' UD1IIIl; and aD a&I4 oar... ~ &lid ..,.... _ moaned 01' ~ topt- .w. AcIa ...
w.t, IIId '- ......... '7 tbe UIa 0( tIda ......