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HomeMy WebLinkAbout0941 ` . . I ::t::s:: ::t:t:~ ::::::::::tst:r ::r.: ::x~s:: ~:ir. ~:::r.~:: .........._....»».......»..»......s.............................»........................»........................3............_.........: i::»~'c41::~c ~'~"~.'..~'.s~:'?'~':..:c9..~F~?E~"" :::.:»:s i:~ ..g _--._-#,~..b~Q~.QO arvaRr. Florld~. _.1afi!?~u:~..... ie~..._.. r 1 FOR VALVE RECBIVED. ua ~rst o lC • s PROM QE ? P !o ord~s ot..... ' ~~~N~~~~N~ ...~~~B~A~.~Y~V~~~ ~ ~~~~~N~~N~~~N . e~^ M. . . ~N~~~~w... ~ .....'~•~N«~•N~N.. DOLLI?RS ~ ~ja~i..lii~I~A~Q..~~i. ~Q~~i?~lN . , ~t ..................~•.~T.~OMQSMC~..~~j...l~.,~..F.~~........i . ..os auch oth~: plae~ as !h~ bold~s h~r~oi msr d~dQuat~ in writiAQ. to~llNS wiW iat~r~si irom dais !!N rat~ af o.p~r c~ntum p~r aaausn oa !b~ unpaid balane~ unti! matusltp. The ~aid p:tadpal and int~ns! sb~ll M du~ uid paYabb i~ ~~OI/~ $14L ~1 a mool~ t1M li~nk p~ym~at b~q d~w oew m~oe~L tyroac~ dabr sa~ coa~ taar ~ r moe~lh tl~~re~iar uoc!!1 p1~c~ Th~s ama ai ~1~ ~ paid ~clt mooRh s1~U llrrt b~ ar~dlad to Lc~rat a~d th~ rsmairdu~ to ttr prinaip~l at fhi~ oS~l~qatLoo. Tl~t a~o~ my b~ pahpatd ~tt an~ tlar ~vi~Lo~ut psrnit~. . I( dd~ult b~ eaae tor ...W. dar~ is t?~ p~~m~at ef aer instaliro~nt of priecip~! or intcrsst or .wr wre i~n.~. tA~ v~eb • ?wlda~ : u¦p~i~ vIt? i~bnst sA~11 ~t blder'~ eytios b«oa~. dw aed oa>a~M .iieo~e netic~. Failun te ~~ercise snc6 optlew daq not ee~stiM~i~ tM u~ c rit~t b e:eeciN t?~ sau~ is t4~ ~v~wt ef sulspu~et default. Alter a~alu?/q AoW Orincip~l aad ~ccrued int~nst ~6a11 bsa? i~terest ~t p~t~ : pn uaus u~t4 oai~. Tb~ s~k~n ~ad ~arenen et 41s ~ob lurtier wai~c demand, ~oNee o( pOA~~i~WMt wd Pretesp It eW ~eb M~et ~al~ at u : es~trrit~ awd t6~ ~am~ b~1ud with as attorsep ler col4ctfow. t\~ wa4~r~ •~d endon~rs ~ee~_ j r e P~~~~~~~~~~ dl ceuet c cwti u~ rwseaab4 ~tterayr t~p. ~ :cE - - ~ . ..........................~$E~.~ `C~ ~ ~ ........................~SE1lL~ ~ x - - -1~ c su.~ - - w~; ~ : and shall duly, pmmpUy aad fully pedorm, diacharge, execute, ef[ect, complete. comply wtth and sbide by each and every the stipulations. agreementa. conditions and covenants oE said promiswry note and ot this mortgage~ then thla mortgage and the estate henby created shall cease and be null and void. It ia underatood that each oi the words, "aote." "mortgagor" and "mortgagee" reapectively and the pmn- ouns referring thereto, whether in the singular or plural snywhere in this mortgage, ahall be singular if one only and ahall be plural joinUy attd severally, it more than one, and ahall be mesculine, feminine and/or neuter~ wher- ever the oontext so unplies or admits. And said Mortgagor tor himeeli aad his heirs, legal representatlves, auccessors and aaslgns„ hereby ooven- ants~ siw agrees W and with eaid Mortgagee, Lis legal representatives, succeasors and asaigne: 1. To pay W and aingular the prlncipal and intereat and the vartous aad sundry sums oi money psyable b~ virtue of said promiasory note. and this mortgage. each and every, promptly on the days respsctively the sam~ severally becwme due, i f 2. To pay all and singular the taxes, asaessments. levies. liabilitiea, obligations and incumbrances of every F nature and kind now oa said described pmperty. and/or thst hereafter may be imposed. suftered, placed, levied or assesaed thenupon. and/or that hei+eafter may be levied or essesxd upon this morigage and/or the indebted- ness secured hereby. each and every. when due and payable acrnrding to law. before they becoma delinqueat, and betore any interest attaches or aay penalty is incurred; and in so far ae any thereo! is ot noord the aam~ shall be promptly satisfied and discharged of record and the originat offiMal document (such as. tor instance. - the tax receipt or the satiafaction paper officially endorsed or cer[ified) ahall be placed in the hands of ~aid E Mortgagee within ten days next after payment; and In Lhe event that any thereof ia not ao paid, eatisfied snd discharged, said Mortgagee may at any time pay the aame or any part thereof without waiving or aftecting any option, Hen, equity or right under or by virtue ot this mortgage. and the fuU amount o! each and every such payment ahall be immediately due and payable and shall bear interest from the date thereof until paid at the rate oi ten per centum per annum and togeiher with such iaterest ahall be secured by the lien of thi~ mortgage. t 3. To place and continuously keep on the buildinRe now or hereafter sttuate on said land fire and windstorm j 1 500. 00 ` insurance in the usual standard policy form, in a sum not less than i••-----•-~----•---••-•------.-.~...-----•--•--......... 1n such com- ; pany or companies as may be approved by said Mor~.gaRce; and all such insurance pollciea on anq o! esid build- inga, any interest therein or part thereof. in the aRgregate sum atoresaid or in excess thereof, shsll contain ths usual standacd mortgagee clause making the locs ur.der said policiea, each and every. payable to said Mortga- gee as hie intereat may appear. and each and every such poticy shall be promptly deHvered to and held by said Mortgagee; and, not les~ than ten days in advance ot the expiration of each policy, to deliver to aatd Mortgagee a renewal thereof, together with a receipt for the premium at au~h renewal• and there shall be no auch inaur- ance placed on any of said buildinga, aay intereat therein or part thereof, unless in the fotm snd wtth the loat payable as atoresaid; and in the event any sum o[ money becomes payable under euch poUcy or poUcies asid Mortgagee shall have the option to receive and apply the same on account of the lndebtedness aecured hereby or to permit said Mortgagor to recelve and use ft or any part thereot tor other purpoaes without thereby waiving or impairing any equity, lien or right under or by virtue oi thia mortgage: and in the eveat said Mortgagor shall for any reason fafl to keep the said premises ao insured, or fail to dellver prnmpUy any ot said policies o! iruvrance to said Mortgagee, or fail prompUy to pay fully any premium theretor. or in any tespect fail to per- form, discharge, execute, eftect, complete, comply with and abide by this oovenant, or any part hereof. aaid Mortg- agee may place and pay for auch insurance or any part thereo! without waiving or affectlng any option, lien, equity or right under or by virtue of thia mortgsge, and the fuU aq?ount ot each and every such psyment ahari be fmmediately due and payable and ahall bear interest irom the date thereof untU paid st the rate ot ten per centum per annum and together with euch interest aha11 be secured by tDe lien of thls mortBaBe. 4. To permlt~ commit or aufter no waste, impairment or detesioraUon oi aaid property or any psrt thereot. 6. 1b pay all and singular the coats. chargea and ezpenees, inciuding nasonsble Lwye~~ fees and co~t o! abstracta o! title. incun~ed or pafd st any time by sald Mortgagee becsuse and/or in the event oi tl~e fallurs on the part of tha safd Mortgagor to duly. promptly aaA fully pnrtorm. di~charge. e:ecnte. effect. complcts. complr wit2~ and sbide by eacb and every the etipulatfons, agreements, conditions and oovenant~ oi aaid promi~- sory note, and thls mortgage, any or either, and said cwta, charges aad e~cpens~a, eacb aad every, sDall bs lm- mediately due and payable, whether or not there be notice, demand, attempt to collect or autt pending: and U?~ iWl amount oi each aad every auch payment ahall bear interest from ths dats tbereot uat11 patd at t1u rate at ten per cxntwn per annum: and all ~atd oosts, chargea and expen~e~ w lacon+sd or paid. togetDer with wch in- tere~t, ~hall bs ~ecnr~ed by the liea oi this awrtgaga BOOK 1 PAGE i140 -:,~84~ . ~ - - - - ~~.,t , - S'..£ -as e'~~ r ' ; ~ ~ *4 ~''A ~x~+ o~ ` _ . _ . . f : . . . _