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HomeMy WebLinkAbout1102 C O P Y _ . ~ u ....p . . . - . _ . . . . . _ . . . . . . . . . . . . . . . . . . , . _ . . . . s 2, 000.00 FORT PISRCS ~I~~( Ftoridi. 14 71 : FOR VALUE REGEIVED, th~ undersiyaed. joinlly and so~~rallY. PROMISE TO PAY !o !he ord~c o! : CHARLBS L. SID&S and RANONA W. SIDES, his wite Two Thousand ~~Z,OJO.OU~ ------------------------------------~--p--- DOLLI.RS. at 3112 Sunrise 81Vd. ~~'OYt P1@rCer Florida or suth oiher lace as th~ h~ld~: ::e hsceot maY d~signst• ia wriling, togelhcr with irteres! l~om dete •t th~ iate oE pat certu~n p~t annutn on !h~ unpaid E:9 : Dalsnc~ until maturitr. The said priacipal aad iater~st shall be due and payabl. in monthly installments of $40.8U each, including principal and intereot, beginni~y September 10, 1971, an~ continuing on the tenth day of each and every mo~th thereafter for a term ot tive (5) y~ars, or until paia - in tull. The makers may prepay any part or the whole of this indebtedness at any tin~e without payment ot premium therefor. (1 del~ult Se made ler 10 datis in tAe Paymeet ol anY inst~~lm~et of M.inc:pal or inlere~t o~ anr V.••t tArreel. tAe ~Aole ~us Wen remainiof ' ~npaid ~.itA ~utere~t ~A~11 ~l 6older's opuon bec•ane dw and arabl~ ~.uhcut aot~ce. F..~tur~ Ie eu~cne ~~~6 ,~phow sAaU ~ot coaatitute • rr~irer o1 tAt : u u~st te eae?cis~ t?~ sam~ ia tAe ~~enl ol •uAseQuent delault. Allcr matunty AotA pnnc~pa~ a~~d ac.•ucd :~•ere•t sh~ll bear intcre~! at ~ Per ceaWa : p•r aanus uatil paid. The m~kers aad endorsers ot IAi• wote IurlAer ~.a.rr d~a+ind, eotec. oi non-paymra+l ~~.d Protea4 II tAis ae is no1 Ni~ at = ' m~writr aaJ ~h~ ~am~ i~ Plartd ~ritA an stto~ney for colleeUon, tAe m~kers wnd endo~sers Aerrol •~ree 1o v+> ~lf co~ts ol collectioa, iacludin~ all eourt costs ~nd n~wnaWt ~ttoraeY It~~. ~i - ISEAL) D~vid M. Fowl~r ~ ISEALI ~ Jeanette S. Fowler ~ ~ : tSEALI ; r: • . i and shall duly, promptly and fully perform, dischr.rge, executP. effect. completP, comply w~th and abide by each and e~~er~ the stipu:ations, sgreements, conddsons and covenants of said prom?ssory note and of thi~ mortgage. then this mortgage and the rstaie hereby created sh~jl cease and be null and ~'oid. It ~s understood that each ot the «onis. "note." "mortgagor" snd "mortgagee" respecti~ely and the pron- onns r?terring thereto, whether in lhe singular or plural anywhere in this mortgage, shall De singular it one oNy an~i shall be piuml jointl~ and severally, if more than one, and shall be masculine, teminine and; or neutcr. wher- e~•er the context so implies or admits. And said Mortgagor tor himself snd his heir~, legal representatices, succes9or~ and assigns. hereby coven- ant~ ana agrees to and with said ~iortgagee~ his legal representativea, successors and assigr?~: i 1. To pay all and singular the pnncipal and internat and the various and sundry 9ums of money payable bq ~ virtue cf said prnmissory note, and Uua mortgage, each and every, promptly on Lhe days respectively the sams f se~erally becomr due. ` 2. To pay all and singular the ta~cea, esse~~ments, le~ie~, liabilitie9, obligations and incumbrancea ot e~ery ~ nature and kind now on said descnbed property, and.~or that hereafter may De imposed, aut[ered, placed, le~-ied or assessed thereupon, and; or that hereafter may be ]e~•ied or a_~sessed upon this n~ortgage and'or the indebted- ness secured hereby, each and ecery, ~rhen d~ie and payable accorciing to law, before they Decome delinquent, arni before an~ interest attaches or any penalty is incurred; an3 in so `.ir as an~ thereo[ is o[ record the same shall be pn~mptly satisfied and discha De.i oi record and the on~;inal ufhcial document (such a~, tor instance. :he tax receipt er the satiafaction paper officially en~iorsed or certifir:i~ shall be plaeed in the hand~ of said ~fortgagee w~thin ten days nex: after payment; and in the e~ent ?~at any thereof is not so paid, satistied and _ discharged, said 111ortgagee may at ai~y time pay the same or any part there~~[ v?iihout wai~~ng or affecting _ any ~pL~on. lien, equity or right under or b)• ~'irtiiP of thls mort~age, and the full amount of each and e~ery ~uch pa~ment shall be immediately due an<i pa~ab~e and sh:tll bear interest from the date thereof until paid at the raie of ten per centum per annum and to~ethPr Nzth such intere~i shall be secured by the lien of this mortgage. 3. To place and cantinuously kecp on the bu~ldsn:;s m~v? or hereafter aituate on said land fire and windstorm highest insurable value ` insurance ~n the usual standard polic~ form, in s~im n~t less than t~ in such com- ' pany or comp- zi~s as mxy be apprm•ed by aa:~l Aiorty:arre: and all such insur•?nce policiea on any of sxid build- ings, any intPrest [herein or part thereof, in the n~~rekate sum aforesaid or ?n excess thereof, ~hall contain the usual siandard m~rtragee ~la~se makinR the luss ur.~i.~r sa~d pol?cie~, each and every, payable to said 1ltortga- gec a~ h~s interesi ma}• appear, and each ar.~l r~~e:}' ~u~•h Ex~liey shall be promptly deli~'ered to and held by said 1?Sort~agee: and, not less than ten days in ad.•an. e o[ the expiratzon of each policy. to deliver to swid 1?tortRa~:ee ~ a renP«•al thereof, toQether v?ith a receipt for the prem:um nt su~-h rene~+?al: and there ~hall be no such insur- aRre placed on an~ ~aid be~lldmRs, any :nterest there:n or pr+ri thereof, unle+~ in the form ard with the loss parabte as afere.ctud: am1 in the e~~ertt an~ aum of money become~ payabl~ under 3ifch policy or E+oliciea said ~ ~tort~:a~ee shall ha~•e the n~tinn to recei~•e and arply the samP on account ot the indebtednes~ secured hereby or tc [wrmit sa:d ~tort~a€or to r~re?~•~ arni u~e it or any pari thercof for oiher purpoaea without thereby wai~-ing or impa~-ing an~• equity, lien or n~ht under ~u by ~~irtue of this mortgage; and ~n the e~ent said Mort~a~or ahall > for ar.t rels~m f:~U tn kePp thr sai.i pr_~m:a••s so in~iir~ d, or fai! to deliver prompily an~ of said E?olicfe~ ot in~uranrr to 531~7 .linr`~;t~~•e. or fail prompU~~ to p~t• f~:lly :u~y premium therefor, or in nny respect :ail to per- ~ lorm, dwchsr~e, execui~, effect. com~lete, comply ~~~th and eA[Se by thi~ co~enant, ot any part hereoi, ~sid 2?Sortg- a~e~ rnay plarP an~i pa~ fnr snch inat~rance or !~ny part thereof avithout vuai~ing or affecting any optinn. hPn. ~ equitp or r.Rht under ~r by ~•irtue of th~s mort~a~P. and thc fu? nmount nt eacn and every euch payment ahaU be immed~ately due and pa~•able nnd shall bear =ntPre~t fmm the dste thereo[ untll paid at the rate ot ten ~+er centum per annum and together w~th such tnterest ~hall be secured by the lien ot thls mortgaRe. 4. To permit, commit or ~vf(er no naste, mipairment or deteriotation oi sald property or any peK thereol. 6_ To pay all and sinRular the co+ts, charRea snd eapen~es, including ressonable law-ye~s tee~ artd cost of abstracta ot title, fncurred or paid at any time by said 1?tortgagee becau~e and'or tn the event of the fallure ~ on the part ot the said 1liortgaRor to duly, promptly and lully perform, discharge, ea[ecute, e[fect. complete. comply a'ith and sbtde by each and every the sttpulationa, agreements. conditfon~ and covenanta of ~d promis- sory r.ote, and this mortRage, any or elther, and snid costa, charges and e~cpenxs, each ufd every, shall be Im- ~ mediately due and psyable, v~hether or not tt~ere be not~ce, demand, attempt to colkct or ault pending: and ths full amount of each and even auch payment shall bear intereat trom the date thEreot until pafd st the rate o! ten per centum per annum: and all aafd coeta, chargea and exp~nse~ so mcurced or paid toget~sr wlth sucb !a- terest, ~hall be secured by the 8en ot thts morigage. ~ eo~,~ ~ ''R1~4 1102 ~ Y~ ~ " _ _ _ _ _ _ _ _ _ . ~ _ . . . . _ _ ,~'i