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HomeMy WebLinkAbout2457 ~ i _ . . STUlIAT. Florida. ~.4_ .~.`1•qy. _ . 19 ' i ~ _ FOR VALUE AECEIVED. th~ undersiqned, joiallY ~nd s~~~rally. PROMISE TO PAY to th~ ordes o! t 1 ~ j , , . ~ ^r , r> ~ ~~llr~ _{O' . i _ T , t ~ ~ ~..........5.'..0 . . ~ . * _ . . ~ I~ ~ . ~ 1 , r . - ' . T? . ' . ~ . . _ . ....._.....a . . - DOLLARS. at ~~~:6~c.Y~~,....~'~!! ji..tpP!s:.. N'•r. ~_/li~.-rr G'~~!r~. h'<' 5::...j31~..,f%c~?c•~-t-.~.e~0»iJrs os such oiher place as the holder ~ hereot ma~ dtsignsf~ in writing. logtlh~r wUh interes! itom date a! th~ rat~ oi i. pe~ centum per annum on the unpaid balsnc~ until malurttT. The :aid prineipal and interes! shaA M due and payable as follows: ' ~ r ~y~-,' j . .n j' _ ~ L~r .,1,, ,ti-+~: , ;l ' ' .^1;,M1t• _ _ - , ~ , ` . . . . .1.,, ,•Y 1 . • : ~ ~ . l ~ ' f ~ ' ~ l_ ~ t . . . . . . . . . _ . _ ~ . ~ 1 _~~1y . . •,-i . • , , ' • _ ~ „ . . - ~ . 11 de(uJt M madr lor dar~ in tAe papsest ol asy i~stallm~nt of orincipal o~ interest or a,.r w.~ tAereof, the rSole wa~ tAen ?emaiain~ unpald vitA interest sMll at helder ~ oPtioa becos~e dw ~ea Parallt ~itAout aotice. Failure to eYercise such option ahall not cons~itute a vnaiver ef tl+e r~~A1 to eiercist lAe san~e ia lhe et~at o( suAaep~eat klault. Alte~ maturitr AotA principal aad accrucd intrrrsl shall bear int~rest at per cenlum per an~um uatil paid, TAe ma4er: aad endor~N• of tAis aote IurtAer waive demand, aotice o1 non-payment and proleat. 11 th~a n..te is not paid at n,aturitr and t6e ~ame is p~aced rri~h an atto~ae> fer collectioa, t6e ~eakera •nd endorsers hereot atree to pay all coita ol collection, includin~ all court cos~a •nd rea~oeaAla aitorner (ees. i ~ • r- . ~-~-~---h•p~~~_y r.-__~.~.~sst rr _~sEaL~ ~ . - . _ ~ _ .5y~ .....~.!2.N!`1.~~.~....f.__.C' r c i3C- T r _ ISEALI - . . ~ v:~ ~ ~ . . _ . . _ _ _ _(SEAL) . _ 1 k ~ and shall duly, promptly and flilly perform, discharge, execute, ef[ect, completP, comply wtth and sbide by each and everp the stipulations, agreements, conditions and covenanfs of said pmm~ssory note and of thia mortgage~ then thia mortgage and the estate hereby created shall cease and be null and void. It is understood that each of the wonls. "note," "mortgagor" and "morigagee" respecti~ely and the pron- ~ ouns referring theret0. Whether in the singular or plural anywhere in thla mortgage. ahall be eingular 1[ one only ~ and shall be plural jointly end severally, if more than one, and shall be mnsculine, feminine and/or neuter, wher- ever the context ao implies or admits. Md satd Mortgagor tor him9elf and his heirs, legal representatlves, successors and assIgns. hereby coven- ants ana sgree~ to and with eaid Mortgagee. his legal representatives, succe.ssors and assigns: ' 1. To pay all and singular the principat and intereat and the various and aundry suma ot money payable by ~ j virtue of said promissory note, and this raortgage, each and every. prompUy on the daya respectively the same ~ aeverally become due. X ! 2. To pay all and ~ingular the taxea, essessments, levies, liabilities, obliRation9 and incurabrances oi every 3 ~ nature and kind now on said described property, and/or that hereatter may be imposed, euffered. placed, levied ~ ~ or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ; ~ ness secuced hereby, each and every, when due and payable accorciing to law. before they become delinquent, and before any inlerest attaches or any penalty is incuned; and in so far as any thereot ia of record the sams z ~ shall be prompUy satisfied and discharged of record and the original ofticial dceument (such as, for instance, € the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said ~ Mortgagee within ten days next after payment; and in the event that any thereof is not 9o paid, satisfied and discharged, said Mortgagee may at any time pay the san?e or any part thereof without waivtng or aftecting ~ any optiAn, lien, equity or right under or bp ~ irtue of this mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall bear inlemst from the date thereot until paid e at the rate oi ten per ceniurn per annum and together with such interest shall be secured by the lien of this ~ mortgage. 3. To place and continuously keep on the buildin~s now or hereafter aftuate on said land tire and windstorm _ In auch com- ~ insurance in the usual standard policy [orm, in a sum not less than i-•-•---~~~-~~~~--••••------•-•--•-•••-•-•- • ~ pany or comp^nies as may be approved by said Mort~a~ce; and a11 such Insurance policies on sity of eaid build- ings, any interest therein or part ihereof, in the aR~regat~ sum atomsaid or in excess thereot. ahall contain the ~ usual standard mort~agee clause making the locs urder said policies, each and every, payable to said Mortga- ~ gee as hie interest may appear, and each and e~~ery su~•h poticy shall be promptly delivered to and held by said Mortgagee• and, not less than ten days in adti•ance of the expimtion ot each policy, to deliver to sxid Mortgagee ~ a renewal ~thereof, together with a receipt f~r the premium of ai~~h renewal• and there ~hall be no such insur- ~ ance placed on any of sald buildinRs, any interest therein or part thereot, unless in the form and with the loas ~ ~ payable ae aforesaid• and in the e~•ent any sum o[ money becomes payable under such pollcy or policies said Y ~ Mortgagee shall have the option to receive and apply the same on account of ihe indebtedness secured hereby or ~ ~ to permit said Mortgagor to receive and use it or any pnrt thereoi for other purpo~es without thenby waiving } ~ or impairing any equity, lien or riRht under or by virtue of this mortgage: and in the event eaid Mortgagor ahall for any reason tail to keep the said premises so inQumd, or fail to deltver promptly any of said policie~ o! tnsurance to said 1?iortgagee, or fail prompUy to pay fully any premium therefor, or in any rwpect fail to per- totm, dis~harge, execute, effect, complete, comply w-ith and abide by this covenant, or any patt hereof. aaid Mortg- agee may place and pay for such insurance or any part thereof without waiving or affecting any option, lien. ~ equity or right under or by virtue o[ this mortgage, and the full amount of each and every auch payment ahall be lmmediately due and payable and shall bear interest from the date thereof unt11 paid at the rate of ten per centum per annum and together with auch interest ahall be eecured by the llen oi thls mortgage. ; 4. To permlt, commlt or sufier no waste, impairment or deterlorsUon o! eald property or any part thereol. ~ ~ ~ 6. To pay all and singular the co~ta, charges and expenses, fncluding reaaonable lawyer'e fee~ and cost oi ~ ~ abatracta of tiUe. lncurred or paid at any ttme by eaid Mor[gagee because and/or 1n the event of the fallurs ~ on the part of the said Mortgagor to duly, promptly and fully perform. dlscharge, execute, eftect, complete, i comply wlth and abide by each and every the sUpulatlons, agreements, conditions and covenanta ot aaid promis- ~ eory note. and thia mortgage, any or dther, and said costs, chargb and eapeaees, each and avery. shsll De im- ~ mMtately due and payable, whether or not there be notice, demand, attempt to col3ect or ault pending' eu~d ths ftill amount of each and every auch payment ahall bear interest from the date thereof until pald at the rate o! ~ ten per centum per annum• and all eafd coote, chargea and e~cpenses so lncurred or pald, WBather with such !a- ~y terest, ~hW be secured by ths llm o! thla mortgage. ~ ` ~ } ~ ~ ~ aooxl~~ P~~E2454 ~ ~ ~ ~ ~ ~ ~ _ _ _ ~ _ . ~ -