HomeMy WebLinkAbout2324 ~l'p~P~ ~3U~11~8, that if said JKort~a~or ahall pay unto~the aaid Jlfort~a~ee
tle~ certacin prnmi.ssor~ n.otP ~~~~eqi~Y,
iswii~ hersinaitsx deecribed, to-+Mrit:
~hat c~rtain Pro~nieeosy DTote Satsd Dscranbsr 8, 1970, in tl~~ amount
of ~12, 000.00, exscuted by i~ort9a9ou's hersin bo M~ort9aqes herein,
aaid Pro'nissory Note beinq paYabis in monthly ixutal].ments of
$250.00 each bsqinning ona-month fro~a date Mith intereat thereon
froaa date at 9 per cant per annumt the monthiy iastall~nte thereon
being applied first to intereet, thoa to principalt tha entire
balance of principal and interest of eaid Note ahall be payabls
on or before five (5) yeara from da~te.
$18.00 Florida Documentary Stamps affixed to oriqinal. ~
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and shall perform, comply with and acbide by each and every the stipulations, ccgree-
ments, conditions and covenants of said promissory note and of th.is deed, then this
~l~e~i r~~ccl. th~ est~te liereby created shucll cease an.d be null. and void.
~.clitil the said JKortgc~gor hereby covenarc~s and cigrees:
~ 1. To ~.y alt drtd singrclar the principal and interest and other sums of money
~ ~x,c~yccLle by virtue of said promissory note and th.is dee~, or either, promptly on the
~ days respectively the same severa.lly come alzce.
To pay all and singular the ta.~es, assessnaents, levies, liabilities, obli~iations
a~rd encumbrances of every nature on said desc~zbed property each and every, and if
the sante be ~aot promptly paid the sciid atortga~ee may at cLny time pay tlte same
r~rithout waivin~ or aJjt'ectir~g the option to foreclose or dny right hererdnder, and every
payment so made sl~all bear interest from the date thereof at the rnte of 9 per
cent. per acnnurrc.
S. To pdy all and sin~ulctr thQ costs, char~es and expenses, includin~ lawye~'s
fees, rea.sonctLli~ incurred or paid at any time bysaid .Mortga~'ee bec~iuse of th.e fdalure
o~a the part of t/re said .hlortg'a.gvr to perforin., complJ with and abide by each and
enery the stiprclrctions, conditions and covenants of saul pro~nis~sorJ noteand this deed,
; or eitlter, a~id euerr~ srccle ~rmcJm.ent shall bear interest from date at tl~.e rate of
~ 9 per cent. per annuna.
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~ To keep the buildin~s now or herecifter on saic~ lanc,~ insureci in ae su~rt not l~ess
than full insurable yalue ~bbbt~lc in a comxxrny or cn~rcpanies to be
approved by sui.~ .~Kortgat~ee, and tlre policy or policie~s held b~ a-nd ~ayahle to sai.d
,~fortga~ee, and in the event a»J ~u.m uf nwneJ Lecomes puJable rcnder ,sicch policy or
pol•ieies, tlae .hf~rtgagee slutlt fu~ve t/~~ uption to reeei.ve and apJ~ly the .ame on aeeoecnt
of tfie i~u~ebte~ness he~•ebJ ~ecrcre~l or to perntit the .ri~ort~agor tu receii~e and rese it, or
anJ part t/r,ereof, for otlr~er~ ptcrpo~es, tvithotat t/terebJ ruaivin~ or iniJxiirin~ R~ar~ eqrci.tJ
lien. or right tcnder or LJ ai~~trre oj' this naortgc~ge, and »:ay place and ~~J for sucli.
- i~ts~crance or anJ nccrt tlaereof, without waiviicg or aJ~'ectin~ t/ce option to joreelose or
any right IrereuR~er, and, each and every such payment xhall bPar interest from d~cte
a~ the rate of 9 per cent. per ann.ram.
gooxl~ ~2320
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