HomeMy WebLinkAbout0598 " .__~..........=:iEc:
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~'~s ?,.50~.00 ' ~ srv~?Ar. Florida' .....A~ril............/..~............... » .69 ~
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~ FOR V~LUE AECEIVED. !h~ und~rsi n~d. joiail and a~~~rallY. PROMISE TO PAY to f}~ ord~s ot
r~ ~;SL'*t 11~:tlCII ~~2~R,.. ~oason ~sctis. pxo~~ids
- St'.Y'w~I TuOL'~.~2.'D F~Vn ..IiUK~:~ AI~1'7 1!iOj,lOO . . DOLL/.AS. -
Jt11]3Q0_. ~L~C~3...~Ttl~~.,. JaOEQD...~C~Ctt~...1~Or~~l .......,,.......or sucA oihu alae~ as !b~ h~lde:
at . . . . .
hereoi iaaY d~si9aat~ jO NtlllllQ. top~lh~r wiib iat~r~s! irom dai~ at th~ s~t~ oi 7!. p~t e~ntum p~s ~aaum oa lh~ unpsi~ ~
ba:~ae~ uatil enaturity. Th~ satd ptiacip~l and iat~s~st sh~ll b~ du~ and payabl~ as =4110~i:
rS7.09 a Qonth Lho lirst pay~oot Aoin~ duo oao moath iroo dato, a~ad coatt~s~
:or ea~h c?ooth~tAoroAlLor untii paid. Thia sum ot $f3?.Of~ paid 'oach aoot~i ~
= z~~a21 tirbt tx~ crac:itfld to inCcrast and th~ x~cpoal.nd~r to th0 priacipal o: ~
_~bis obli=atio~. Thiir a~t~ aap h~ Qroy~id at Aay t3sco vitbout paaalty. ~
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{I ~el~utt ?e ~ai~ le? vo ~~ri iw t1~ p~rm~wt e( anr in~tallm~n! o( o?Inc:psl or iwter~at K~n~ P~rt t`erNf. tl~~ ~Ssl~ ~vm t6~w rsm ai~lt ~ _
: ~eivi~ ~ritA iwten~t ~A~II ~t \~Ider'~ ~oti~a becwn. dw awd wras~. witAor! wetita Fw{lan ts e+te?tise •uc? ooliew sw~ll w~t ten~tit~fl~ ~r~1~er ot e r..
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: r.jlt N eaercis~ tLe aun~ ia tA~ ~r~wt ef •reseqaeat Jel~ult. Atter a~atu?iqi bet~ Prlwcial and ~cerued Int~n~t ~Mall 6eu i~tere~t ~t ~e~ cent~-,
' Of• i0aY0 Yw(1~ P~Id. T~• m~~1f~~ iAa ll~~Of~tl~ NO~~ ~Y~~~lr Vi~r! ~emaad. aetice O~ OM'M~AIM~ 4~+ ~f~~H~. u{• \~ZI p~~ fL ~
ma~yrity ~e~ tAe sss~e is ~lac~i ~.itL u~tt~q tK edbstlM. tl~ wtlnr~ •w~ ~w~on~?~ Mre~t a~n~ t~ ~~1 ~ sNa d e~Y~stiM. I~cirilws ~ll t~rt ~
: ~~u~ W?i e+~sw~i4 ~tt~e~ef • . ~
, = ~ !A t L~~~. H wbray...._.:_......_.._ ...................(SEAL1 ~
...~u~;u+.~L.-~doW~iray _
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d wbray ~
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I - = = z=--- - ' riw'Si:~ia~iiriiiiiuiixaifi~~iiiiriui~~ii:iiu'liisiis'~.4's~li'~'i~:iiii:~s.~i~"wuuiiia~iisiei+:itt~=~'ss~'
and ahall duly. pmmpUy and fully pedorar. diecharge. ezecute~ eifect, c:ompletr, coraply with and abide by each
und every the stipulaUons. agreements, conditione and covenants of said pramissory note and oi t2ds mortgags.
then this mortgsge and Ws estate 6ereby c.reated ahall ceaae and be mill an~f void.
It is understood that each oi the worda. ••note.•• •'anortgagor" and "mortgagee•• reapectively and the pron-
ouns referring theret0. M?hether in the singulsr or plural anywhen in this mortgage. ahall be aingular )t one only
and ahall be plural iointly and severally. if more than one. and shall be mesculine, feminine and/or neuter. whe~
ever the oontext so implies or admits.
And sald ldortgagor for himself and his heiis. legal repreaet?tativea. succeasors and essigns, hereby covea-
ants ana agrees W and with eaid Mortgagee, his legal representatives, aucce.ssors aad assigns:
L 4b pay a11 and aingular ttie principal and intereat and the vartons and auadry sums of money psyable by `
virtue oi said pmmlaaory not~ and tbis mortgage. each and every, prompUy on the days respectivel3? tbe same
~ severally become due.
~ Z. To pay all and ain8ular the tauea. asseesments, levies. liabiHtiea, obligations sad incumbrances ot every
nsture and kind now on said des~ribed property. and/or that hereafter may be impoaeed. suffered, placed, levied
` or aseeased thereupon, and/or that hereafter may be levied or asses~ed upon this mortgage and/or the indebted-
~ neas secured henby. each and every, when due and payable acoording to law. befon they become delinqueat~
E and before any interest attaches or any penalty i9 incurred; and in so far ae any thereoi is oi recoord the sams
~ shall be promptly satisfied and discharged of record snd the original of5cial document (such as, for inataace.
E the ta~c r~celpt or the satiafaction paper oificially endoreed or certtfied) shall be placed in the hands of aaid
~ Mortgagee withln ten da}?e nezt after payment; and in the event that any thereof la not so paid, astiefied and
€ discbarged. eaid Mortgagee may at any time pay the same or any part thereot wtthout waiving or afiecUng
~ any opti~n, llen, equity or right under or by virtue oi this mortgage. and the full amount of each aad every
auch payment ahall be immedlately due and payable and shall bear interest from the date thereoi ut?til paid
at tt~e rete of ten per centum per annum and together with such intereat shall be eecured by the lien of this
mortgage.
S. To place and continuously keep on the buildinga now or hereafter situate on said land fire and windatorm i
inaurance in the usual standard poBcy torm, In a sum not less than i.._.._.._..1~8X~IDLUti 1n such com- i
panq or oompwnies as may be appmved by said Mortgagce; and all such insurance poHciea on anq of eaid build-
ings. any intereat theretn or part thereof. in the aggregate sum aforrsaid or In excess thereol. ahall contain the
usual atandard mortgagee cleuae making the loss under said policies, each and every. payable to said Mortgar
gee aa hL interest may appear. and each and every such policy ahall be promptly deHvered to and held Ly sald
Mortgagee• and. not less than ten daya in advance of the ezpiration of each policy, to deHver to aatd Mortgagee
s renewal thereof, together with a receipt for the premium ot auch renewal• and there s2~a11 be no auch inaur-
ance p~aced on any of safd buildinga, aay interest therein or gart thereof. unless in the form and wlth the loss
payable as afo~eaaid; and ia tLe event any aum ot money becomes payable under euch poHcq or poUcies asid
ytortgagee ahall have the optloa to receive and apply the same on account o! tt?e indebtedness aecured herebq or
to permit said Mortgagor to recelve and use 1t or any part thereof for other purposes witt?oat thereb}? waiving
or impalring any equfty, lfen or rlght under or bq virtue of this mortgag~e: and in the event said Mortgagor shall '
~ for anq reason tail to keep the aaid premisea ao insured, or fall to deliver prompUy any of said policies o! ,
fi insurance to said 14tortgagee, or tail promptly to pay fully any premium therefor. or in any respect fall to per- ~
form, diacharge, eaecute, eftect, complete, complq with and abide by thb covenan~ or any part bereof. eaid Mortg-
~ agee may place and pay tor euch inaurance or any part thereof without walving or affectlng any option, l[en. j
' equity or rlght under or by virtue ot thls raoMgage. and the fuU aq~ount ot each and every such psyment ahari E
~ be immediateiy due and payable and aha[i bear interest imm the date thereoi untU paid st tha rate oi ten per
~ ' centum pet anuum and together aith sucD interest shall be secured Dy tlre llm o! tlds mortgage.
4. Zb peraaik comantt or sutfer no wa~te, impalrment or deterforation ot sald property or aay part thereof.
6. To pay all and dngular tbe coeU. charges and expenaes, inclwling ressonable lawyer's fees and co+t of
abstracts of tltk. incurred or paid at any tlme by said bi~rtgagee becau~e and/or in the event of ths fallurs
on the part ot the safd ~[ottgagor to dulY. PrompUy and tullr Pertorm. dlacbar8e. ezecute, ettect. oompletq,
oomply wlth and ~Dide by eacb aad every ths attpulatlon~. :~reemwta. coad~tlons and oovenanb o! said pmmi~-
wry note. and Ws morigage. an~ or elther. ~nd said costs charge~ and aa~pea~ea„ each aad e~er~. ~hW bs ini-
med~ tely due at~d payable, ~vhetber or not tbere De noUce, 3emand, ~ttempt to cotlect or suft pending' at~d t2u
full a~ount of each aad every ruch payment sl~all bear intereet te~om ths date ther+eot untll pald at the rste ot
tea pe: ceatum per annum: aad all ~afd costi. ebaraea aad ~cpe~w~ ~o fncurnd or p~i~ tosetl~sr with ~uch !a-
tera~~, sball D~ ~ec~ued bp th~ lien ot tWa moriga~a.
- ~~x177 ~ 59~
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