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Home My WebLink About0726 - t~ 2, ODO.OQ STUART. Flocida, NOV@IribCY' ~,Z 19 ~ 1. 1 ' _ ! . ~ FO LUE RECEIVED. 1he undcrsiqncd, jointlY and sereraUy, PROMISE TO PAY l0 1M ordec ot _ ; ~ WILLIAM B. FERRELL, Trustee _ . _ . . _ _ _ . ,i ~:ighty. Two Thousand and NO/1~0----------------,----_ . _ . _ noLL s. ~ ,t 86Q_.S.ou~h..p~e.~.~.. ~o.ulevar.d., _~l~nalapun.. .~1s~rida....334b.0 _ o~ :~ch other plac~ as ihe hol r ' hcreot m~T dtsignat~ in wrilinq, iogeiher wilh inierest irom daie at fhe rate ot 7 per centum per an~um on t~~ u~paid ` Itl Dalanc~ uniil maturity, Th~ said principal and i~terest shall be due and payable as tollows: Iri five (5) equal ~ ~~~~nnual installments of Sixteen Thousand Four Hundred ($16,400.00) Dollars ;i of the principal plus interest then due on the 17th day of November,~ be- ~~~3inning Novanber 17th. 1972, and continuing annually thereafter until the i,~ principal and interest are fully paid. The Maker may prepay any part or all of the unpaid principal at any time after January 1, 1.972, without pay- ment of penalty therefore. ~ t ~~Z~. ii ~ ~f ~ ~ i~ ii 3O ~.r. i~ 1?e pareent of ~nr isatallseal e( /rinciOal o? ieterest or ~nr p~rl tl~~reof, tAe v~nle sum IAen remainins il a~~,..~~ s. ~,a• i« .,npaN ~iil intert~l ~I~all ~t M1Je?'~ pti~n ?ecowt Jue ~s~aVle rit?o~t wolice. Failure te eae~cise ~ucA oPtwn aA~ll net cons~ilule ~~iver sl IM ll r~~?t b estnia~ t?e ~aw~e i~ IM t~ewt d su~~~~ delault Aller ssiuri~r both PnnGiy~l and a~vued ~ntrr~~t s6+11 b~..• in .~sl ~l ~ pe~ centu~ ~~.e. ~nw~~ wtil HI~_ 71e wken ~w~ e~w~e+• M ~6is nob IuMA~? ~~i~e ~emand, we~ice ol nM~•paym t and protcs~. ~s e is eet paid at ~ m~turit~ ~w~ l1e ~~~e i~ r1ac~J ~ilti v~tIKK~ IK t~llecliM. t!~ ~ak r• ao~ tedo ers her~o a e~ Y a11 eosta ~ fe .on cludin~ •11 coura 4~ to~t• ~NaNa`M ~1t~r~ I~n_ II ''S il _ . ~ALI _ i~ WILLI . WATSON, a ustee I I .._ISEAL) ~ ~ . _ . (i i~) i i _ _ _ _ ISEAL/ \ ~ ..(S~At,~ ~4 . . . . _ ~ l~ ~ . L~ an al! duly, promptly and tully perform, diecharge, execute, eftect, comptet~, compty w~th and aDide by each and e~erv !he st~pulat~ons, agreementa, cond?tiona and covenants of said p-~misaory note snd ot this mortgage~ then th/s tnortgage and the eatete hereby created shali cease and be null ena vo~d. It ia understood that each ot the wonis, "note." "mortgagoY' snd "mortgagee" respecUvely and the pron- ouns refernng thereto, whether in the singvlar or plural anya•here in ihis mortgage, ahall b~e singular 3f one only and ~hall be plural jointly and severaliy, i[ mure than one, and sha11 be mascullne, terrunine and; or neuter, wher- e~•er the context ao implles or admita. Md sald MoMgagor for himaelf and tua heira, legal repreaentatlvea, auccwors and assigns. hereby coven- anca ana agree~ to and with eaid 2~fortgagee, hia legal repreaentatlves, succe~sor~ and assigna: 1. To pay all Rnd singular the princtpa! and interest aad the various and aundry aums ot money payable by virtue ot aafd pro:russory nott, and this mortgage, each and every, promptly on the days respectively the sam~ eeveraHy become due. ~ 2. To pay atl and aingular the taxea, es~esiaments, levies, liabilities, obiigations snd tncumbrances o[ every ~ nature and kmd now on said dexnbed properly, and!or that hereafter may be imposed, suftered, placed, le~~ed ~ or assessed thereupon, and.ior that hereafter may be lev~ed or assessed upon ihis mortgage and%or the indebted- ~ ness secured hereby, each and e~•ery, when dar and payable ac~roMing to law, Defore they become delinquent, nnd brfore any interest attaches or any pennlty is ir.rurzrii; and In ao tar as any thereot is o[ record the same ~ ahali be promptly satistied and iLscharge~i of recoM and the onRinai o(ficiai documeat tauch aa, for ii~stance, ~t~e tax receipt or the satistaction paper officially emioreed or certifiedl shall be pldced !n the hand~ of aaid = Morigagee wtithln ten days next atter payment; and in the event that any thereof is not ao paid, satiafie.i and discharged, said 7ltortgaFee may at any time pay the same or any part thereot w~thout wal~-ing or atfecting ~ any upt~bn, lien, equity or r~ght under or by ~•eriup of this mortg:?ge, and the tull emount ot each and eeery ~ such pa}•ment shall be immediately due and papable and ~hap bear internst from the dxie thereot unLll paid x at the rate of ten per centurn per annum and togeth~r wit~,such interest ahall be secured by the lien of thii ` mort~age. _ - ~ 3. To place and contmuously ke~p un the bu:ld,n~a now or hereefter sttuate on aaid land fire and windstornn In~urar:ce ~n the u.Qual atandard policy tortn, in a~cum not lesa tfutn t highest. insurabl.e,/.Yn a~checom- ; pany or comp; zi~•s aa may be appru~•ed by aa;~i MoN.~;a~~e: and ali such inaurance policiea on any ot st?id build- ?nga, any intere~t therein or psri ihereot, in ihe a~~reRate sum aforesa~d or in exce~s thereot, shall contain iha ~ usual s.an~iacd mortkagee clause makinR the I„~~ ur.der aaid pol~ciea, each and every, payable to said ~tortga- ~ Kee a~ hia ~nteres[ may appear, and each ar.~t e~•ery su~~h pohcy shatl De prorttptly delirered to and Aeld by said ' aturt~;agre; and, not les~ than ten daya in aA~~an~e of the expirat~on n[ each policy, to dellver to awid AtortgaRee ` a renP:eai thereof, toRetF~er w-ith a receipt for thr premeum of ,u~~h r~~ewal: anA there shaii be no aueh ~.-wur- ~ am•e placeQ on any o[ 4xid Duil~iinR~, any ~nterest.iherein nr paK t?:~-:wt, unle~.t in the form and wiLh the Ic~ss ~ pa~•abie aa aforesa~d: and ~n the erent xny ~um of money becomes payable under ~uch pollcy or policies aaid Mort~;a~ee sfiall have the optiun to recei~~e and a~+ply the same on account ot the indeDtedness aecured hereby or ~ to permit sa~d ~tort¢a~or to rereive nn~1 use it or xny part therrot for other purpoaes wniDout thereby v?ai~~!ng ; or impairing anp rquity. Ilen or n~ht under or by ~•irtue of this mortgage; and in the evPnt said Mortgagor shall s for ary rNxse.~ fael to kre-p thr sai~i ~+r~ m,s.•9 sn fn~ur~d, or tail to deltver promptly an~ of aaid poi~ciea ot ~ lnseiranc~ to sa~d ~inrtg:tR~ e, or farl promptly to p:iy f~~lly any premium thercfor, or ~n any reapect fail lo per- j form, d~xharRe, exec•ute, effect, compiete, comply k~th and abide by thia covenant, or any part hereof, said Mortg- { aReP may plare and pa~ for surA in.uranre or any part thereof withrnjt veafvutg or attecting any option, lien, _ equity or nRht under or Dy ~•~rtue of thla mortgaRe. and the tull amount o( each anA every such payment s+haB be lmmedialely duP and payable and ahell brar intPrest from the date thercof unttl paid st the rate of ten per c~ntum per annum wnd toReiher wfth auch lntereat shall be ~ccured by the lien of thi~ mortgage. 4. To permit, commit or aufter no waste, Impairment or detertontion ot u1d property or any part the~rot. ° t 6. To pay ull and ainRulu the cwts, charges and expenaes, lnciudtng reasonable lawyers feee and cost ot ' sDetracts o[ t1Ue. lncurred or palA at any ttme by safd Mortgagee becaw~t and~or in the event ot tha ta!lurs ~ on the part ot the safd Mortgagor to duly, promptly and tully pertorm. QLcharge, ea~ecute, eftect, completq comply vayth and abide Dy each and every the ettpulationi, sgreement~, condittons and covenant~ oi aaid promJa- wry note, and Ws moctgage, any or elther, and axld eo~ta, c?u~rges aad espensea„ each and every, ahall be Im• mediately due and payaDle, whether or not there be not~ce, demand, Rttempt to colkct or sult pending; and ths full amount of each and every such payment shRii Dear interest trom ths dst~ thereof unUl pald aL the rste at ten per ctntum per annum; and a11 safd ewta, ct~argp aAd ezpea~ ~p Incureed or paid~ together wrtth ~uch in- te+~est, ~hW b~ ~ecured by the Ilen of thfi mottga~s. s- EG~~ ~ 197 ra;,E 72fi - - - - _