HomeMy WebLinkAbout0934 r---
S~)~, 32J. 13 Vero 6each, Flarida._ ___._~ovember_19_ _ ~9 71
Ill I~IE; 111i11111CI' ~ll'I'Clll~iftci' Set POI ill a(ter date, 1, K-$ or eithe~ of us romise to
- P WY to ths orde~ of
1~ RANCLS U. WOUTERS, an unremarricd widow • ;
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Nine TlZOUSand Three Hundred 'I~venty-five__and 13j100 _A--_- ~~~RS ~
such place to be desi nated b the a or in writing ;
ror val~e received. payab?e at.- - Y-- p y .
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_ _ . - - . - - - with interest ~
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~rem ~~ZCe at the rate of _ per cen: par annum u~til paid; ~nte~est payable ._aS _S~C1f1~C~ belOW ;
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A~xi eac~~ ol us Mhrtner maker, guerantor w eruurser, h¢reby sever~l~y ws~res and renouncea any and all homesfead exem, tion riehfs we may
'~~.e un,}cr the Cornr~w~~on cv la~s oi the State of Flonds, or any other State w Un~ted States, as aYSiruf this note; and each fu~ther walves demand,
^oi~ce of nc>n pa:nxnr and protesr. and in ~vent if Dccomes necessary ro cuJect thi: rwte throu~h an ~ttaney. aerees to pay all coats r! ee::e.l1.^,n,
~'...i~ng reason~ie Dtfwney's fee.
"C'he principal and interest due herew~der shall be repaid in fifteen (1~) equal annual ~
~~a~~~»cncs, plus interest at the rate of 7~~ per annum on tlle unpaid principal balaiice ~
fr~~in time to time remaining, com~nencing Noven~ber 19, 1972 and continuing on ti~~
~.imc day of NOVE'lll~('1 each year thereafter until paid in full. All payments shali
a4~E~1~' I!I'SC CO ~1l:CIUI~(~ 111IC'I'~SC~ then to the reduction of principal. railure to make ;
~i11V E)1~~n~e~it ~ti~ithin ten days after the same beco~l~es due shall, at dle option of the '
~?avee, cause the entire remaining balance to be due and payable in fu~l. Right ;
to prepay in whole or in part without penalty is reserved. ~
FOREST ACRES, INC. (SEAL)
isy /s/ Geor~e Sidnev Stinson Seal
Doc;umentary stamps affixed George Sidney Stinson, President
to original note and cancelled.
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- ~ J sEn~
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- - - ~ - - Attes~%.= . ii ~ . ~ - s~~ ,
-~aui`G~~~dsto~Secretary
and sn:il! duly. protnptly and futh~ E~rform, disc-har~e, ex~rutP, effert, compiet~, ~•on~ply wlth xn~f ab:ae by eacn ~
an~ e~~c~r~ ti.~ sUputauons, agre~°ments, cond~tn,:ia and covi~nants uf s:~:d pr.,n;:;~ory note and ~~f Ltu9 mortgaRe, }
theu this ni~rtKage and the estate hereby creat~•d shsll cease and l,e null anu ~c.~d.
lt ~a understuo.i that each o[ the word~. "n~te." "niort};a~;or" and "ni~~rt};,iy;ee" respecti~•ely and the pron-
ouns refernng there;o. N•hether :r the sin[~ilar or plural anr~~here in Lhts m+~rts;ake, vhall be sinkultir it une unly
and siiafl be ptural ~ointh• an~1 ~~~era113•, mure tht?n one. and stuill be ma.ccul~ne, lem~nine and ur n~~utcr, vvher-
' e~•rr the run.ext so ~mpltrs or admits.
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And said Mortgagor [or himself and his he~r~, legal representatn-es, surces~ors and ass~~ns, hereby coven-
~ ants xna agrees to and v?zth ~d 1?lortgagee, his legal reprrsentatrvca, •ur~•rx~r~~r~ and as.yigns:
~ 1. To pay all nnd singular the pr~ncipal and interest and the vanous and sundry sum3 of money payable by '
E virtue of said promissory note, and t2us mortgage, each and every, prompUy on the days re9pecticely the same ~
~evera:ty become due. °
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~ 2. To pay all <uid ainRular the t.~xes, assessments, te~'try, liab~l~:iey, obli~;aUons xn~l incumbranres of e~•ery ~
` nature and kind no«• on said descnbed property, and•uc that herFattrr may be mipused, suffereci, placed. Ie~•ied
; or a~.essed thereupon, and; or that hereafter R71V be lr~~:ed ur r?:~~~~s3ed up.~n this morigaRe and or the ?ndrbted- -
~ nets ~e~ured h~~rebp, exch an~! e~er~, K•hen 3ue ac:d (~:i~:ible ac~•~r:1~n~ t~~ luw, th•fure thet• bec~~me ~l.~l,nquent,
j an~3 b.~:~xe an~• in:ere~t attarhes or an}• penxlty ~s incurrr~f; :?nd ui .o far a~ tiny thereof ~s of rFrcird !he ;ame
shall be prumplh• sat.sfied and d~scharred of re~•ord and the or:~;insl ~~ffir.:~i ~i~~cur.tent ~su~•h as, tor uistance.
? ;he tax rece:Fi er 'he saLsfact:on paper off~cially emi„rac~d or rrrt~:i~d~ s'ixll be {~laced in the hand4 of s.iiJ
T ~S~rtkagrr w:itun !en days next xt!er ~•a}~reent; and in the r~~ent that an~• ther~~.~t is not sn p:eid, ,ttlis:ie,i and
dischxr~,ed, said ric~rtRaGee may at any t~me F~ay the s:~nu~ or an~ part ih~n•+~! ~~eih~~ut x•1:~•in, or aff~~c!ing
' any opt.nn. 1:••n. cq~i:Cy or n~ht un~ler ~r b}• ~~~ri~r uf Lhes mort~;.i~~•, rtnd the futl amo~int of carh nn~1 F~~~ery
~ ,uc h~~ay:nent ah:itl he ~mmed~atrly ~Jue an,i ~a~~able ~nd shait t~ar ~ntrr~~~t fn~m t7x ~la.e thereuf unLl paid
at the rate of te~n per ^enWtn per annum and tu};e;h~~r w-ith surh ~nterc;. ahull b~• secured Ay the li.n of thi~
~ RIL: ! tt 3kP.
~ 3. To place and conLnuo~sly~ ke~p on the bu:ldin~s n.~~v or hereafter altuate on said land fim and w•indstnrno ;
~ Not A licable ~
p insurar.~a ~n [he u~ual star.dard poli~y form, in a ~u~ti n~~t less than i PP . in su~h cc~m-
~ pany or cutni~ s ri~ may be appr~~~•rd b}• sa:~t ~inr';;a~~•e: an i ~11 +u~ h tn~•~r:uicP ~,~~iiriea on t?n~ ~f s~i~i e,~,i~i- ~
~ ~n~;s. any inlPrest th~re~n or part thereof. ~n the a~,n-iate ~um afom~3id or ir, .areYS lher~~ot, sha:l rnntain !he ~
~ usu;wl ~tandanf m~>rt:;R~PP ~-lavse makm~ tY:e I:~:v ur.~f~~r a•u~l j~ul~i•:r~. cac•h an;! c~•en•. ~~syable te~ .::u~l 111~~rt~;:~- i
~ ~t~~ a~ his ~ntPres; ma}~ a:~pear, and .•ach ar.J N~~. .a. h~~:ic-p ~halt DN pr~niptl~ ~i. i~~•ered to ard h~~ld L~• caid ~
K ~t~rt~aKre: and, not le~a than ten davs ~n ad~ an~~e nf t~e ~~x= ~rat:~~n of eacti fK~l;~•}•, to del~ver to ~%+~d ~t~rt4a,•c~e ~
a rcn~~•.+•al there~~f. t~~~;ether H•ith a re~e~~i t~~r the prem!um nf ~u ~h fFi1rK"RI: Rild th~rr ahr?21 br nn au~~h ;:~s:ir- '
~ an~r E~lared un at:p ~~f ~aid burld6nks. any tn[rrest thrr~~n ~r ~art therrol, ur.ii•~:+ in the torm and w;*.h the I~~as #
$ pa~•at;;e as a;nre.a:~i; an~t ~n the e~'Pnt an~ sum of m~~ne} b~•.•~mes E~ayablP unSer such p~~li~y nr roir~•iP:+ sa:d ~
' !?t~~r:,.~~re :!::,if ha~•e th~ n~L::~n tr~ r~~~e:ve and a, i~l~ the sam~• on account of the indebte~lness scrur~~~i h~•rFby nr ~
tn rrrn:~t s i.d \Sortea<<~r io r~~re:~•P 1n,i ~:ce it or am• nart thereof for other rnrF~oses without thPrehti• ~~•:i~~~nR 3
_ or :m:~1~nn~; a~i~• ~qu~ty. tien ~r r t;ht under or by ~~Srtue of th~s mnrt~;a~••, an~f ~n thc P~'PRL $61d ;tnr',,i~ ,r s.'.all ,
!nr ar.~• rr:i.:~~^ l~,f t~> kFe~F the ~+:~1 pr•~mia.~s so in~ur~~d. or fail to de:n•F~r ~romp!h• an}• of ~ns~f r~~l:r;es ot ~
~nsvc-inrr to sa~d ~t~~r!~1g~ e. ~r fa~l prompUy t~ p~~• f~:lly ruit• premium thrref~~r, or ;n +u?y resp~c•t fa.1 tn per- ~
- form. ~iicchar~F, exe~ utr. etfe~t. cumnlete, cumply «•iih and ahi.ie~ ht• th~9 t'u~'Pn:+r.t, ~~r xn~• F~art herr,~l. Qa,,f \Snr*,~;• ~
_ aReF n:ay plar~ and pac for s~~ch in?urar±ce or ~~y p+!ee ~no.e,.~ ~.,.i?,~ut ~•:+~~•in~; ~r A~~PCtI21(` an}• ~~{,t,~,n. :cPn.
eqwtr or r.~ht ur.der or by ~•~rtue u.' th:s mort~ahr, ar:~i thr full am~r~nt o[ ra~•A an~i Pverv s~?ch pncr.u~nt ~hall ~
_ be immediatel~ due and ~+a~•able and shall bear ~ntPrest fmm the date ther~of uniil pa~d +?t tt~e rat~ af ten per
= centum rer annum xnd together w~th such lnterest ehall be aecured by the lien of thla mortgaFe. ,
To permft, commit er ~uffer no a•a~;e, tmpairment or deterloration oi su+d property or any part thereof. ~
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_ 6. To pay all and aingutar the co~t~, chnrgee and ex~n es, including rea~onaDle lawyer's tees and c~t ot
- abstracts ot title, tncurred or paid at any ttme by ~afd rtgagee because anA or in the cvent of the fallure
on thr part ot the said Mortgagor to duly, promptly ar. ?:ully perfonn. Qlscharge, execute, effect, complete.
- cor~~;~'y w~ith and ablde by each and every the attpulation~. .„rPement~, ronr.~uon~ and covenanta of said promf~- }
~or}~ n,~te, snd thi~ mor:gage, any or elther, and sald co3t: :narge~ snd expenx~, each and every, ahell be tm- ~
- mri~ t~•ly due and payaDle, whether or not there be not~c~•, s~~mend, at!empt to col{ect or auit pending: and ths
_ lu:1 a nount ot each s.~d every auch ps}Tnent ahall bear in.rfP9L from the date thereof unttl paid ~t the rRte oi i
ij ten pe: centum per annum: and sll aatd coetw, charges and e:pense~ ~0 lncurred or ~ nic~ tagether a~tth such in- ~
- terr~i, shW bs ~ecured by tbe liea of Ws mortgage. ~
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ao~K 197 ~a~f ~33 ~
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