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HomeMy WebLinkAbout1324 : 384~ 500.00 szu~?ar. ~a:~a.. ......M!V:..~O.... . _ _ i9 ?1 FO V U R C I ih~ und~~siqn~d. ;oiAl1T ~d •rallY. PROMISE ?O PAY !o !h~ o:d~r of_. . i L~L~i~?,~~`~t'..... ~ n ~ . D . ....................A.. . . ...........~...•.............•••.~...Y.......................y...~............. ~.l~iiiQ.. ~~1~~[. ..`.~~~..~iiN. ~.1~~..~W?~i7-d.~.~A/~~~~~w~~~~~~~~~~~~ OLLARS. ai ~QQ1~~~~.+K.~..1~.a.J.~..l.~.~f..~~,.~.~:o .a~.ba.ie,.Florld~..~a~~ ........or sucA oih~: plac~ ~s !he hold~t h~reoi maT d~si~aal~ L~ w:itiay. lo~~ib~r wilb iat~s~st isom d~t~ al !!a sai~ oi p~t centum per aiu?um on the uopaid bal~nc~ uutil walu~. Th. said prtaeipal aad iat•r.si due ~rd paYable as Eollows: t~y?able ln iouu~ aEinutl installmvnta v 32 000. 00 e~rch plua intstr~st w 1th the final pyr- m~at ~1;:19@, 500.00 plus latsrest d h ifth yeae. Ths iirst p~ycrent dwe ~ne y~ar irom t!~ d~te ~i this note ~nd yeatly thersait~r on the sa~ne data. Thla c~t~ n:~y b~ ;~rs~aid at ~c~ timea ~nd ln such ar~ounts sa tt~ n~akers lesire without l:eaalqt excopt that aot mor~ tl~aaa a total cash ;~ycn~nt ~f 2~ ~ af tDla stiall be pe?!d c:urlnq tha yosr la?1. ; ; 11 d~la~~lt b~ sade fer a.y. Pa~ewl el ~~r ias at ef ~riac or istere~t w aar oa~t tAereol. tse r'~ole ~um IAee re~aa~aiw~ unpaid rit\ interest ~Aal! ~t Aslae~'~ optl~n ?~c~w~ dw u~ ~ar~?It ~r1~A~ otice. F' ur~ te •aercist sucA eotioa ~hall not cona~itutlra vraivsr et IA~ ri~At to e=enia~ t\e s~wt ia 1h~ eteat et su?~eque~t ~elault. Alter sal Ir Sol? P nclMi awd acc~ued int~rest sAall bear iole?~~t at per ceolum Pe~ annu~n ~twtil paid_ TA~ esken ~wd ewJer~e~s el tAis ~et~ turlAtr ~ai~e ~ma wotice ol non-paymeat and orotest. If thia nute is not pai~ a1 ma~uritr and t\e ~aee is ~laced ~i1A an •ttorwe~ colleetien. la~ saier~ and en ra Aere~( K~n to oar all costa o( collection. iacludin~ all court cost• anA reawnaAle •tloraer I~es. t RYti ~tA'~~R GRCV'?', IICC~. ° ; ~y~ ~I _ _ tSEllLI ~ . .....Its.... . ~~is:~c~NT . . . (SEALI , • - - - - . . . . _ _ i3Ell[.f : ~ . ~ and shall duly. pronpW and ful1Y pertorm. diecharge. execute, etfect, complete, compl~ wftb and ~d~ br esclr and every the stipulsUw~a. agreementa, conditions and covenanta of said promisaory note and of this mortgage, then this mortgage and the eatate hereby created ah~U ceaee and be null and void. It is underatood that each ot the words, °note." "mortgagoY' and "moRgages" reapectively and the pron- ouna referring thtreto, whether in the singutar or plural anywhere In this mortgage, shall be singular if one only ~ and ahall be plural ~ointly and severally. if more than one. and shall be mesculine, feminine and/or neuter. wher- ever the oontext so impliea or admlta And saId Mortgagor for himsel! and his heirs. legal repreaentativea, aucce.vors aad aesigas, henby ooven- ants aiw agreas to and vrith ssid Mortgagee. hia legal repreaentativea, succeseors and assigns: 1. To pay al1 sad singular the principal and intereat and the varlous and sundry sums oi money psyable by virtue of said pmaussory note. and tl~is mortgage, each and every, pmmptly on the dsys reapectively the aame severally becomn due, 2. To pay sll and singvlar the taxes, ~4seesments. levtes, lfabilitles. obligations and incumbrances o! every ' nature and kind now on said described property. and/or that hereafter may be impoxd, suftered. placed, levied F or assessed thereupon. and/or that hereatter may be levied or assessed upon this mortgage and/or the indebted- > ness secured hereby. each and every, when due and payable acrnrding to law. befon they become delinquent„ ~ i and before any interest attaches or aay penalty is incurred: and in ao tar as any thereot is oi record the same ~ shail be pmmptly satisfied and discharged of record and the original officiat document (auch as. for inatance. ~ ! the ta~c receipt or the satiafaction paper officiaUy endoraed or certifiedl shall be plsced in the hands ot said f Mortgagee within ten daye nexi after payment; and in the event that any thereot is not ao paid, sati~fied and dlscharged. said Mortgagee may at any time pay the aame or any part thereof without waiving or atfecting ~ any option, lien. equity or right under or bl ~irtue of this mortgage, and the full emount of each and every auch payment ahall be immediately due and payable and shall bear interest from the date thereof until paid at the rate ot ten per centum per annum and together with such interest ahall be aecured by ihe lien of this mortgage. ,p 3. To place and continuously keep on the buildinga now or hereatter eltuata on said Iand flre and windstorm ~ inaurance 1n the usual standard policy torm, in a sum not less than i...--•-m3X1muIT~---••- in such com- - . pany or comp^ntea as may be approved by said Mortga~ce: and ali such insurance policiea on any of said build- ~ ings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereot, shall contain the ' ~ usual standard mortgagee clause making the loss under said policie~, each and every. payable to aaid Mortgar ~ gee aa his interest may appear. and each and every such policy ahaU be promptly delivered to and held by said biortgagee: and, noi less than ten daya in advance of the eapiration ot each pollcy, to delivcr to anid Mortgagea a renewal thereof, together wfth a receipt for the premium ot such renewal• and there ahall be ao such inaur- ~ ance placed on any ot sald buildings, any interest therein or part thereot. unles~ in the form and wlth the loss payable as aforesa3d; and In the erent any aum of money becomes payable under euch policy or poHciea said ~ l+Iortgagee shall have the option to receive and apply the same on account ot the indebtedness aecured hereby or to permlt said Mortgagor to recelve and use it or any part thereot for other purposea without thereby waivinB ~ or impairing any equity, llen or right under or by virtue of th[s mortgage; and in the event said Mortgagor ahall ~ for any reason fail to keep the said prem~~es ~o Insured, or fail to dellver prompUy any ot aaid policie,e of y insurance to said Mortgagee, or fail prompUy to pay fully any premium therefor. or in nny r~spect tail lo per- ~ form, diacharge, execute, etfect, complete, comply with and abide by this covenant, or any part hereof. said Mortg- ~ agee may place and pay for auch in~urance or any part thereof withont waiving or atfecting any opiion, lien, ~ equity or right under or by virtue of thla mortgage, and the full amount of each and every such peyment ahall be Immedjately due and payable and ahall bear interest irom the date thereot until paid at the rate of ten per ; ~ centum per annum and together with such interest shall be eecured by the Hen o[ this mortgage. ~ ~ 4. To permlt, commit or suffer no wastr. impairment or detedoraUon ot sald praperty or any psrt thereot. 6. To psy all and singular the costs, charges and e:penxs, including nasonable lawye~~ fees and cast oi sbstracts oi Utle. incurred or pald at any time by safd Mortgagce because and/or !n the event ot the tallurs on the part ot the said Mortgagor to duly, promptly and Nlly pertor~n. discharge~ execute. etfect. compiets. oomply wlth and abide by eacb and every the stipulaUotu, agreements, conditlons and oovenantt af ssid promis- ~ wrq note, and Ws mortqage, any or elther, aad esid cwb„ chargea and e:penee~. each ~nd everq, shall bs im- mediately due and paysble. whether or not there be notice. demend, attempt to collect or sult pending: and Uu ~ iWl amount of each and every ~uch payment shall beu interest !mm ths dats thareot unW paid at the rate ot ~ ten per centum per annum• and all snid cosL, charge~ anA ucpen~ ~0 lncurred os Pd4~ such !a- ~ terest, sball b~ ~ecured by ths lien oi thb mortgsgs. ~ ~ aooK 192 1321 ~ ~ ~ . : ~ -,.~--~,x ~r , ~ _ ~ ~ ~ ~~3r.W:e,~.'-~....~-3'~'~~~ + _ -