HomeMy WebLinkAbout0525 s_~~~~40 v.~ e.~,~, ~a.~...Aui~tt~l4...~_..._._...~, i9s~.
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FL~O~tIDA FIRST I~1 TI L ~
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b. ~a~. ~wa. p.,~a. n_F v ~I.~o~H~l~.______.~.__ ~ ~
_ FlarLda vac' tucb cRl~r~la~Ot a~ tIN Q~ Q~ ~,,,iet+ ti~
f t ths rab of pK aM per ann~rn unNl Wld: Mhnst -
Md reA ef ~ vrMMwr iw~kp. t~wnM~ar or «WasM. Iwrby ~MN walvrs and n~eoN an!? and aM ho~t+ad m~o~~ rW~ w+ a~+D
hav~ ur~ 1M Go~tMufian a~ Lwr~ of fh~ Stah of flari0~ ar anY ofl~ StM~ or tlnif~d StMM. a~ a~M~rR tNs eoN: and ~ IrrfMr walws dMn~
nofka o1 ~o~rOM~~ and pa1Mf. and b 11M ~rMt M b~0oow I~a~M~1?10 oe1Nt~ M~N reoN 1Ma~ M Mlarwl?. ~/'~N M WY aN aorb W ooMe~bR
Inek~dlr~ ~oerbN atforrN's fw.
The priocipal ud iu~ere~t du~ 6ereundas ~hall be dus ~nd p~yabi4 at foll~o~w~:
~ b. 950~.00 pltn ia~reat oa 1~~~ 1. 1967i
6. ~ 00 plw in~erNt on Sep~nbeac 1. 1967;
:12. 500. 00 plur in~erest oa March 1. 1968, Se~ember 1. 1968.
March 1. 1969. Se~emb~er 1. 1969. M~s~ch 1. 14~7q~
and Sepamt~c 1, 1970; ;
~18.750.00 plw iu~ereat cn Marr~ 1, 1971 iuad Sapoember i, 1971.
All payment~r sball tir~t app~r to a~ecrued toaes+e~t. d~n to tiw rsd~an at psinci-
pal. FalluYe ~o maloe wy p~ym~t wlt6in ~su d~ al~eY t6e ~ar~ bsaoa~e~ dw
oAall, at d~s optioa at d~ p~y~ee. eau~e the entire rem~taiag dalat~ot ~o bs dus ~
psrable in l~u. Rigt~ to prep.y in .rhole oc in parc rvidwuc penalty i~ re.erwed. ~
(Corpor4te Seal) S~'BAR & LYal~1 OROVBS, II~IC.
$187.50 documen stam s affixed • s ~
~Y ~ By. Alfred S. L on ~
to original note and cancelled.
a,~ At~t: S h n A. ~ `
.
SEE_~N~~~r.~T11 ~N ~v~K~H: OF PROMLSSORY NOTE f
and sha11 duly. PsomPW~ aad lu11Y P~o~. ~80. ~mplete+, oomply with aad abide by each ~
and every the stipulations. agrcementa. eonditions and oovenanb of said pronniswry note and oi tLis mortgage, ~
then this mortgage and tbe estste hersby created a6a11 ce~e aad be nu11 aad void. ~
It is understood t~wt each oi ths words. "aote." "mortgago~' and "mortgages" rtaPectively aad the pron-
ouna referring theret0. whether in the singular or plural aqywhers in this mortgage. eLall bs singular ft one only
and ahall be Plural jointly and severally, i! more than on0. aad aLall bs noasculla0. feminlne aad/or neuter. whe~-
ever the oontext so impHea or admits.
And eaid Mortgagor for himsel! and his heirs, legal representatives. auoosesor~ and asdSn~. berebY ooven-
ants ana agreea to and arith said Hortgagce. his legal repre~entatlves. sucoeewrs aad a~aigas:
1. To pay all and aingular the prindpal and intereat aaQ the varlous aad simdr~ n~s of moneY Ps3~~ b7 ;
9 virtue oi eaid pmmissory aotq, and tLi~ mortgage, each aad every. P~PVY ~~~Y~ ~P~tively the same ~
severally becoma due.
' 2. To pay all and aingtilar the tazes. aeeeeamente, levies. 11abWtiea. obllgstions aad incumbrance~ oi every
; nature and kind now on eaid descdbed property. and/or that henafter msy be impo~ed. anfter+ed. Plsced. IeMed
; or assesaed thereupon, and/or that hereafter may be levied or aasessM upan tLia mortgage and/or the indebted-
~ aesa secured hereby. each and every, when due and payabb acoording to Lw, before they beooma delinquen~
~ and before any interest attachea or any penaltq ia incnrred; and in so far as any thereof is oi reoord the same
ahall be prompUy satisfled and diacharged oi rr.cord and the odgtnal ofttdal document (sucb as, for inatanc~
the tax receipt or tne aatiafaction paper offidally endoreed or certitied) shall be placxd 1n the liands of aaid
Mortgagee within ten days next aiter payment; and in the eveat tbat any thereM is not so paid. astisficd and
discbarged. eaid Mortgagee may at any time pay the eame or any part tt?ereo! without waiving or affecting
any option, lien, equity or right under or by viMue of this mortgage. aad the full amount of each and every
such payment sha.ll be imraediately due and paqable and shall bear interest lrom the date thereof until paid
at the rate oi ten per centum per annum and together with such interest sball be secursd by the llen oi this
mortgage.
S. To place and continuoualy keep on the buildinge now or henaiter altuate ea~ snid land ~rs and wlndstorm
tne ~,at ~a~a ~u~y ro~. m a~ n~ ~ s.Not Applicable com-
pany or companies aa may be approved by aaid Mortgagee; and aU auch ina~rance polldes on any oi said build-
ings, any interest therein or part thereot, in the aggregate aum etoresatd or in exceaa tbereo~ ahall cantaiu Lhe
usual atandard mortgagee clause maktng the losa under aaid poHcies, ~ach and every. payable to aaid Mortga.
gee as hia interest may appear. and each and every auch pollcq ahall be prompUy delivered to and held by said
Mortgagee: and, not lese than ten daye in advance of the expiration of each poLcy. to deliver to eaid Mortgagee
a renewal thereof. together with a reoeipt for the premium of such nnewal; and there sM11 be no such inaur-
ance Placed on anq o! said buildings, any intereat therein or part thereoL unless in the lorna and with the loas
paYable ae aforeaaid: and in the event any sum of moneq beoomea psYable ~mder such Pou~Y or policies esid
~ Mortgagee ahall have the opUon to receive and apply the eame on accoimt oi We indebtednas secured hereby or
to permit eafd Mortgagor to receive a~ nse it or anq part thereot for other purposea witliout ther'abY waivin8
or impairing anq equity. llea or rtght undnr or by vlrtue oi this mortgsg~e: and in the event ssid Mortgagor shall
!or anq reaeon fail to keep the said premiua so lnaured, or fail to deliver promPtlY an9 ot said pollciea o!
inauranoe to said Mortgagee, or fail prompUy to paq fully aay pnmium tberefor, or in any nspect isil to per-
form, discharg~e. a~ecute, ettect. oomplete. compty with and abide by thfs oovenan~ ar any part hereoi. sald l~ortg-
~ agee may plaoe and pay tor such inaurance or any pert thereoi withont waiving or aifectlng any option. lien.
~ equity or dght under or by vlrtue oi thfa mortgsge, and the full av~t ~ every such payment shall
be immediately due and psyable and shall bear intereat lrom the dsts thereot until paid at the rate o! ten per
centwn per annwa and together with such lntersat shall bs secured br the liea oi thb nwrtgage.
4. To permik oommit or nitter no waste. ianpsirment or deterlontlo~ oR said propsrty os aq~ part thereo~
6. Zb psy all aad dngular the cosb. c~ar8es and e:pensea. iacluding rea~onsWe ]swyet'~ ieer and co~t ~
abatracts of tlt1e. incurred or pafd at an~ time by ~atd ldortgagee because and/or in the event a~ ths faflurs
an the part oi the aaid ][ortgagor to dulY. P~mPW~ ~~Y P~o~. d~B0. eftect. oomplets,
oomply wlth aad aMds by eacb aad every tbe stipulatioos. agreem~eab. ~Witlo~ns and oo~veaaat~ oi sald promis-
~ory note, aad t1~ mottgage. an7 o~r either. aad said oost~ chatges aad e~psn~eer each aad ever~. ~La11 bs lm-
medistely dus aad payabls. w'hetlur or not there bs notloe, demand. attemPt to ooDect or aott pending: and ths -
l1~D amonnt oi eacb aad e~+ +wch PsYmsnt ahall bear inta~est lromn tas dste therso~ untll paid at tbe sste o[
ten p~r ceaa~m pe~ aanu~: aaa .n .ata oo.t., cbarge. aad .~peo~as .0 1nc~rrea or pa~al, ~•ych aub in-
tere~~ aba11 bs ~sctired b~ tL~ 1len oi tbla mortgags.
o a O~FlCJ,;L REGORL
~153 525 ~ 236 ~273
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