HomeMy WebLinkAbout1542 ~f~t~r~ 'S.S?5.4~.S.S~'S.L~.4•.44~.4'~.~.6S~i~.4's4~T.~.4~.Lti4••~i~.~.SiL4~.•.1.4•.4~.ti4~.~.•.~.ti4`~.~i
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~ -_-_-----1, 79b~94 Stuut, Florida M~y - ~ L. 1971 ~
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FOR VALUE RECEIVED, Na undsrsi~Md, ioinNy and s~v~ralty, PROMISE TO PAY to th~ onl~r of ~
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? O~ •~~~IU~~~~-3S.S.l=-ts~._.~s=~~-+~-!~[__~ -i-~IRZQ__N~MM~N~~w~~~M~WLuRS~
at S~t??~~- F~4~~~.~1-------------------- - or such otl~ plac~ as th~ hold~~ ~
h~no~ nwr d~nat~ in w~iiin~ fo~NhK with int~nst hom ~4 __S~a~~E__~ateQ.~.------.----. - - . _ . .
~ at tM raN ef pK ~w~ P~? aneun+ on tht unpaid balanc~ until ~naturitY. Th~ :sid priecipai and int~st shall
be dw aed payab{~ ~s follows: Principal shall b~ payabl• in eiqht t 8) quart~rly in
atallssnts, plua intszest than du~, ths firat quartorly payaent, due threo
; montha fran the dats hsrsof, shall bs in the emount ot 5223.94, plus inter-
aat; thar~aftsr, th~ principal shall bs payabl• in quarterly installments
; of S225.00~ plua intsr~et then dua~ until the entire unpaid principal bal-
ance and interest shall be fully paid. Bach paym~nt ehall be appliad first ~
to the payment of interest on the unpaid balance and Lh~n to th~ payme~t of `
P=ii~~.~~~. f.. 30 r.~r. M r.r..~t ef ..r a.a.u.».~ .f « ~~.~.u « .~y ~ ~....f. ~r. ~,w.~. 1
unp~ wAA iw~w+M ~AaM ~t I~sl~'s N~ weew~ dw awr pjra?M vr'~Nar1 wwie~. Failwr N~:~ecis~ we4 ~~i~w shaN wN eewsfilvh • vraiwr ~f Mw ;
e; r~yAt »~~ejw Mr s+~ i~ NM ~wwt d s~~ i~f~rh. AfMr ~uat+eMp w~h P^~~iP+l aw~ see~ iwhe~a~ aMap b~s~ iw»eKt N 6 ~ eMww~ ~
: P~r ~ww~ wh') i1r w~k~es a~ ~wi~e+~n ~F Ma wN~ frrNw~ w~iw d~~wan~. .we~ie~ of ww~arw~w~ aw~ NeNat. If Mis w~h is wet pai~ a~ ~
:+wa~vritr ~wd tM sw is ~i+es~ vriHi M~n»r fw e~MMww. tl» w~ak~rs aw~ ~wieMes 1»esef h pr aN eeus ~f e~IMdi~w. iwel~i~~ sll iwA ~
coffs a~ f~MM~~ MINMr hM• ~
Ths privilegs of makinq payments in advance of the due date without ~
; penalty is ratainsd by the makers.
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JOHb H. HBNDRY
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iyR~FiIT A. HENDRY III" '
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and ahal! duly, prompUq aud fully pertorm, dinchsrge, execut~, ettect, completr, comply witlf and abide by each
and e~-erv the siipulations, agreements. rnndition9 and covenants of said prom,ssory note and of Rhis mortgage,
the~ this mortgage and tAe estate hereby created ahall ceaee and be nuD and ~oid.
It is understood that each of the words, "note," "mortgagor" and "mottgagee" napectively snd the pron-
ouns rnferring theret0. whether in the aingular or plural aaywhere in this mortgage. ahail be aingular 1f oae ody
and ahall be plural joinUy and xverally, if more than one, and shall be mascutine, feminine and/or neuter. wher-
e~•er the oonteact so implies or admita
And aaid Mortgagor for himself and hia heirs, legal representstivea, succes9ore and ~aigaa, hereby ooven-
ants ana agrees to and with said Mortgagee. his legal representativza, succesaora and assigna:
1. To pay all aad aingular the priacipa! and interest aad the various and auadry sums oi money psyable D~ r
virtue of said promissory note, and this mortgage. each and every. prompUy on the days respectively the sams ~
ae~erally become due. ~
2. To pay all aad aingular the taxta, assessmenLs, levies, liabilities, obllgations and incumbtances ot eveqt ;
I nature and kind now on esid described property, and/or that hereafter may be impoaed, suffered. placed, levied ,
: or assesaed thereupon, andior that hereafter may be levied or assessed upon this mortgage andior Lhe indebted- '
' ness secured hereby, each and every, when due and payable according to law, before they become delinquent, ~
j and before any interest attaches or any penalty is incurred: and in so :ar as any thereof is oi record the same '
k shall be pnompUy satisfied and discharged of record snd the onginal official document (auch as, for inatance, ~
G :he tax receipt or the satisfaction paper officiaUy endorsed or certified 1 ahall be placed !n the hands of said
~ Mortgagee vrithin ten days next atter payment; and in the event that any thereof is not so paid, satiafied and
d discharged, said Mortgagee may ai any time pay the same or any part thereof a~thout waiving or affecting
€ any option. lien, equity or right under or b~ ~•~rtae 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 tt~e rate ot ten per centum per annum and togeiher wzth such interest shall be secured by the lien oi thi~
mortgage.
3. To place and continuously keep on the buildin~a now or hereafter aituate on aaid land flre and dstorm
va`~ue ;
insurance in the ti~ual standard policy form, in a sum not les~ than i..t1l.CftlP.St•--1I1SLlr~3Le-. 1n auch com- 5
~ pany or comp^z9es as may be approved by said Martgagee: and all such insurance poiiciea on any of said build- :
ings, any interest therein or part thereof, in the a~~regate aum atoreaaid or in exceas therrof, sha11 contain the
~ usual standard mort~agee clause making the locs ur.der said policiea, each and every, payable to asid Mortga- ~
~ gee as h~s interest may appear, and each and e~•ery such po;icy shall be promptly delivered to and held by eaid
1liortgagee: and, not lesa than ten days in ad~•ance of the expiration of each policy, to deliver to aaid Mortgagee
~ a renex~a) themof. together wtith a receipt for the premium af su~h renewal: and there ehall be no auch insur-
ance placed on an~ of said building~, any interest therein or part thereof, unless in the form and wlth the loss
payable ae a'oresaid; and in the erent any sum of money becomes payable under such polfcy or policiea aaid ~
~ MortRagee shall have the opUon to receive and apply the same on aceount of the indebteMess aecured hereby or ~
~ to perniit sa;d Mortgagor to recefve and use it or any part thereof for other purpoaes without thereby waiving ,
~ or impairing any equity, lien or right under or by ~ irtue of thia mortgage: and in the event said Mortgagor shall -
~ for any reasan fail to keep the said premi~es ao insurcd, or fail to dellver prompUy any ot aaid policie~ o!
insurance to said 2liortga~c-e, or fail prompUv to pay fully any premium therefor, or in any respect fafl to per-
~ torm. discharge, execute, effect, complete, comply u~th and abide by this eovtnant, or any part hereof, aaid 1?iortg-
sgee may place and pa~ for such inaurance or any part thercuf without wslving or aifectlng sny option, lien,
~ equity or nght under or by virtue ot this mortgage, and the full amount of each and every such payment ahall
~ be immedia!ely due and pa~•able and ahall bear intPrest from the date thereot untU paid at the rate of ten per
~ centum per annum and together with auch interest ehall be secured by the lim of UiL mortga~e.
~ 4. To permlt, commit or aufter no aaate, impairment or detrslontion o! said property or any part thereot.
~ 6. To pay all and sii?gular Lhe coets, charges and expec?~ee, including reasonable lawyer'~ tees snd cost ot
~ abstracta of title, incurred or paid at any time by aafd Mortgagee because andior !n Uu event o! the ftllure
~ on the part ot the said Mortgagor to duly, prompUy and fully perform. dlscharge, ezecute, effect, complete.
compl~ v~yth and abide by each and every the sUpulaUons, agreements. condiUons and oovenanL ot said promis-
~ wry note, and this mortgage. ~nq or either, aad said coats, charges and e~[pen~es, each aud every. ~hall De fm-
° mediatdy due and payable, whether or not there be notice, demand, attempt to collect or sult peading' and th~
~ full amount of each and every ~uch payment shall bear intercat from ths d~ts thareof unt11 paid st the nte ot
' tea per centum per aru~um: and W safd co~t~, charga aad ezpea~s~ w lacureed or pal4 W~etDer wttb sucb !n-
~ tereat. ~ha11 bs ~ecured Dp the 11ea of thla mortgage.
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~ a~1~2 1538
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