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Home My WebLink About2677 . ' 1970 S 2U1 ~.~_Q~. OO Ve?o Beach, F~a~~._.. .--~--.March 30.......__.__......_._. .?916---- .~15 _Y1elO~v .SpCClPied . _ after dace, i, Ke ar either of us promis~ to pay ro the order of _GEORGE S. LAMBETH and BESSIE H.._ LAMBETH, his wife, ----TWO ~-~U\DRED ONE.THOUSAND.FOiJR_HUNDRED_AND_NOf_100^ . . P3Y . _ /~ta:.... ..F ~..1... LI C,.r1~P.r~~1C~s. A~C_O~I1Sc',Y_ `s~~_.kt~Nls---V~~'Q_Be~.Cih~ ror va;ua rece~ved a012 8~~_ ~.tA4A1rVe_Vl_. 1.l1~~A_lA~ _N~~a•.. . . Flor.ida, or such_oth~r_.place as_payee_ may__desi~nate.in writing_ W;~h,~re..:t ~ from_.~// ../7-~'.___-at thc rate of ____-6 per tent per annum until paid; interest payable._aS_belOW_ Sj~zClfl~_ _ ~ An~ ca:h of u~ wheiher maker, cuarantor o~ endorxr, hereby sevcraly w~ives and renounces sny and all homesfead ex~mption rights w~ msy h~ve undcr thr Constitut~on a laws of the SUte of Flonda, w any other State w Unifed States, as aQairot this note; and each fWher waives demand, ' nct:ce of ncn-paymr.nt and protest, and in the event it becomes necesWy to tolktf thif nof~ tMOUQh an ~ftornty, a~ees fo pay NI cosb of collecHo~, inctuang reuonable altorrKy's fee. - The rinc~ a~ of this \ote shall be due and payable as foll~~vs: The sum of ; L_ a._.. _ a~,..~ .,h~~ on August 1 1970• ; ~ „u;; u;.,, , , and the balance of the prin- c ipal sum of ~ 171, 400. 00 shall be due and payable in ten ( IO) equal annual install- _ ments of ~i7, i4u. ~u eacii commenciub August l, 1971 and continuing dn the lst ~a)~ of r~uJust ot eacn and eveiy yeai- thereafter until said principal sum is paid in full. In addition to the principal payments, interest shall be due and payable on the s~me dates that the principal payments are due at the rate of 6~pe r annum on the . unpaid balance from time to time remainin~ and all payments shall be applied first E to accru~d interest and remainder to principal. In the event of a default in any pay- ment of principal or interest ~vhich default shall not be corrected within 30 days thereafter, then the entire remaining unpaid balance shall immediately become due and payable at the option of the holder of this Note. Any payment or any part thereof may be made on or before its due date without penalty. $302.10 State Documentary NAFFIELD CITRUS CORP. (Corp. Stam s affixed to ori inal Seal) . p g By; /s/ jerre j; Haffield s~~ Note and cancelled, erre Haf~elcr"-~Fres~"ent 1T / T 1 Lambeth .~o.~__~ a~_ -AtLest:_ s LaDonice A. s~?~ Za ~ nice A: Lain~et~ snd shall duly. promptly and fully perform, discharge, execute, etfect, complete, comply wtth and abide by each and e~~ery the stipulations, agreements, cond?tions and covenants of. sP°d prom~s~ory note and oi this morigage. then this mortgage and the estate hereby created shall cease and be null and void. It is underatood that each of the wonis. "note," "mortgagor" and "mortgagea" respectively and the pron- ouns teferring thereto, wheWer in the singular or plural anywhere in thls mortgage, shall be singular it one only and shal! be pluml jointly and severally, if more than one, and shall be masculine, feminine and/or neuter. wher- ever the oontext ao implies or admits. And said Mort,gagor for himsel! and~ his heirs, legal representativea, successore and a9signa. hereby coven- ants aaa agree~ to and with eaid Mortgagee. his legal representatives, succe9sors and assigas: 1. To pay aU and aingular the principal and intereat and the various and aundry auma of money payable by ' virtue of said promissory note. and this mortgage. each and every. promptly on the days respectlvely the same ~ severally become due. 2. To pay all and aingular the taxes, assessments, levies, liabilities. obligation9 and incumbrancea of every ~ ; nature and kind now on said descFibed property, and/or that hereafter may be imposed, auffered. placed, levied ~ ~ or assesaed thereupon. and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby, each and every, when due and payable according to law. before they become delinquent, and before any interest attaches or any penalty is incurred; and ~n so far as any thereoi ia of record the same shall be promptly satisfied and discharged of record and the original official document (auch aa, tor instance, ~ Lhe tsu rece3gt ~r Lhe satisfaciion paper officiatly endorsed or certified) ahall be p!aced 1n the hands of said Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and ~ discharged, said Aiortgagee may at any time pay the same or any part thereof v+~thout waiving or affecting any option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid ~ at the rate ot ten per centutn per annum and together with such interest shall be secured by the lien of thie mortgage. insurance in the usual standard policy [orm, in a sum not less than uch com- : pany or comp^nies as may be approved by sairl 1?fort~a~ce; and all such [nsurance policies y ot said build- ~ ings, any interest therein or part thereof, in the aRgregate sum a[oresaid or in excess teof, 9hall contain the usual standard mortgagee clause making the locs ur.der said policiea, each an ry, payable to said Mortga- gee as his interest may appear, and each and e~~ery suc~h policy shall be ptly delivered to and held by said ~ btortgagee• and, not less than ten days in ad.•anoe of the expiration ach policy, to deliver to snid Mortgagee a renewal ~thereof, to~;ethe~ with a receipt for the premium af renewal: and there ~hall be no such insur- ance placed on any of said buildings, any interest therei part thereot, unle.gs in the form and w[th the lose payable as atoresaid; and in the e~ent any sum of ey becomes payable under auch policy or policies said Morigagee shall ha~e the option to receive an ply the same on account of the indebtedness secured hereby or to permit said Mortgagor to receive and t or any part thereof for other purposes without thereby waiving ? or impairing any equity, lien or ri under or by vjrtue of this mortgage: and in the event said Mortgagor shall ~ for any reason fail to keep said premises so in4urcd, or fail to dellver promptly any of said policies of y insurance to said 1liort e, or fail prompUy to pay fully any premium theretor, or in any reapect fail to per- ~ fotm, discharge, e, effect, complete, comply w~th and abide by thi9 covenant, or any part hereof, said Mortg- ~ .agee may p and pay for such insurance or any part thereot without waiving or affecting any option, lien. ~ equit ght under or by virtue of this mortgage, and the fuD amount of each and every auch pay-ment shall Fti mediately due and payable and shall bear interest from the date thereof until paid at the rate o[ ten per ~ ~ 4. To permlt, commit or suffer no w aste, impairment or detertorstion of safd property or anq part thereof. ~ 6. To pay all and aingulsr the co~ts, charges and expenaes, including reasonable lawyei's teea and cwt o! ~ ebstracie of Utle. lncurred or paid at any ttme by sald Mortgegee becauae and/or in the event of the faliurs ~ on the part of the said Mortgagor to duly, promptly and hilly pertorm, dfacharge, execute, effect, complete. ~ comply with and abide by each and every the stipulatione, agreements, conditione and c.ovenants of said promis- sory note, and thia mortgage, any or either, and said costs, chargea and eupenaes, each and every, ehaU be im- mediately due and payable, whether or not there be notice, demand, attempt to collect or suft pending: and the full amount ot each and every auch payment ahaU.bear interest trom the dste tDereof unW paid at the rate oi ten per centum per annum; and all eaid coste. charges snd e~cpease~ w incurred or paid. together wlth such !n- _ terest, ~hall be secured by the lfen ot thls mortgage. 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