HomeMy WebLinkAbout0937 s% i,~77. JJ Vero Oeath, Florida .~OVc'-III~X.~r 1N- 19 71
Itl C~ii' I11111111`I• Ilereinafter set forth af~e. a~~a, I, we or eithe+ of us p~omise to pay to the orcier of
. i~ tZA\CLS D. WOUTERS, an u»rr;married widow
Sevc,~nty -S~VCiI TIlOUSc'111C~ O17E FIUl1C~Y'~CI SCVEIIty -St'VC11 ~11C~ SS~1 OO- - - - - - - - ' ' ' ' p~LLARS
for value received, SUCtl lace to bc~ desi~rnated b tf1G~ c1 OY' 111 W11Clll
PaYable at - - - -------_D..-- - .Y . p. Y--- - - - - - - - -
- ° - - - w~th ~nterest
aatc -7- . as spccific~ ixlo~v
rrom _ at the rate of per cent per annum until paid; interest payable
•1nu rach of uti trner~~er rr,aker, ~uaranr~ w erworse~, hereby uv.ral~y ..a,.rs arw renounces any an~ aA homesfead exam:>hon n~nts we ma~
h e.c ..n,ye~ snc Con,t,~ut~on or Laws of the Staro of Fbnda, or any ot~er S~ate a u~~ted Siates, x a¢aimt this rote: and each fwtner w~~ves demand,
n,~r,ce ol nan ~a;mcnt arw prutest, and in ~vent d Decomes nscessary to co~~ect this not~ throuQh ~n ~ttaney, a~re~s to pay ~II cosis ot co~+ecnon.
~nc~w~ng reawnap~e attaney's te~. _
"1'!~~ prin~ipal and interest due h~reunder shall l~e repaid in fifteen (1~) annuai
~~qual ~ayme~~ts, plus interest at the rate of 7~j~ pc.~r annum on the ui~paid pri~~~iE~ai •
ba;an~e from tini to time remaininb, ~omme»cing November 19, 1972 anii ~c>~~-
cinui~~~; on the same day of ~Iovember each year thereafter until paid in full. E~ll
,~~1~~~1~e»ts shall apply first to accru~d interest, then to tl~e reduction of prii~ci~~al.
i~aitiire to make any payment within ten days after the same becoines due shall,
a: t~~e option of the payee, cause the entire remaining balance to be due ~~~d pay-
able in full. Right to prepay in whole or in part without penalty is reserved.
IrOREST ACRES, IIvC. (SEAL) ~
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I~~~umc,~ntary stamps affixed Qy f s; Geor e Sidney Stinson Scal ~
tu ori~;inal note anei cancelled. Gcorge~ney tinson, Yresidcnt ~
' stn~ a
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~o. pue AZLE.'St~ i ~ " , ~ - ~ - ~ SEAI. <
- - - . - - -~-~i'~ar~: -~edstone,- Secreta~ Y _ ~
xnd sh;~ll dul}, prompti}• ar.d fulir ~rtonn, discharge, exerut~~, eftrrt. ccmpletP. ~•omaly w~ih and ab:~e b~• each ~
and e~er}~ the ~.ipu:a::i~ns. aRrermen[c, conditiu:iy and ro4~ nan!s uf ca:~1 (~r..:r.:s~•~ry nute anu ~~f th~s moriga~e, i
•_hen this m.~r?;;age an~t the estate hereby crentrd shall cease and b~ null anu ~u:~i. ;
It ?s under3[ocxi that each of the w~ords. "note." "mortg:t{;or" and "m~,rt~;;i{;ee" rcaprcU~•ely and the pson- ;
ouns refernng there:o, w•heiher ~r, the su~~u~ur or plural an}~•here in thls m~u:KaKe, vhall be ~mgulat ~f une unly ;
an~i si~sil be ph~rai ~~,intl~• and srv~r:.:l~•, ~f rnur~~ thaa on~•. and sh:ill be mti.culme, feminine atid ur neut~r, w•her- :
ec~r the cun.ext so im~~l:rs or admit3.
.~n.i said ~tortgagor for himseff and his he~rs, icgal representati~•es, vucce~wors nnd a~s~~,'ns, herehy coven-
~ ants anu agrres to and H•:th ~d ~11orLgagee, h~s Icgal reprrsentati~•ca, su~.~~•s.w~rv xn~1 ass~gns:
E 1. Tu pay all and singular the principa! and interest and the variou9 and sundry sum~ of money~ payabie by
; virtue of sald prom~ssory note. and tlus niortgage, each and every, prompUy on the days respectsvrly the 9ame
~ ~e~•era:ly becomP due.
~ 2. To pap all and ~in~~lar the taxes, assessments, I~v~r9, l~abili!ie~, obl~~ations cuid inc~umbranres oi e~•rry
na[ure end k:nd no~v on ya~~ descr~t~d property, an,3 or that hereaf:er SI13}i DC IR1~U9flj. 3liC{PrP(I, placed, le~•iPd
~ or a~.~ssed ttxereupon, and: or that hereaf:er ma~• be l.•~~:ed or ~s~•;ye~1 upun tf~~s mortg.?ge an~l ~~r the in~iebted-
nFSti ~ea'ured hrreby, each end e~~er~•, H•hen ~ue and ti+:+.able acrur.i~n~ tu lnx, D~•fure they ber~~me ~if•l~nquent, ~
- sn~3 G. tore an~• in;rrest attart:es or :~n~• pena:ty iy znrun.~d; and ~n ;u fsr f?v any thert~uf ss ot recnrd thF ~arne
shali be pn~mp;l}- sa.i~fied and d:s~•har~ed of rrcord .ind the orRlnal oif:ri.a! ~i~~.un~ent +su~•h as, for iiwtanc-e.
~ ;hP tax re.eipt er the satis.`:~c,:un F~aE~er oftic:.~:lp en~iors~~d or ~ert?f«~!i 9!1RII be }~'.aced In the~ hands o! s,~~d
g ~tort~;~Fe~ w-~thin ten da}•s n.~xt after psyment: and in the e~~Pnt that anc ther.~nt :s noi s~~ ~:~ld, .a:isfie~f and
;:i~rharKc~d, said ~t~~rt~aFee niat~ at any ti:ne pa~ thc s;timr or anp part th.~rr~~f N-ith~~ut K':ill'lll~ ~~r :?ff~ ~•t~ng
,i any op':on. l;~~n. Pc;~n:y ~r n~l~t un•i.~r ~ir b~• ~:r;.~r of ih:s mnr[ka~;~`, and thr tull arnount o! earh ar.d ~~'erV +
? suc h~~a~•:ncnt ~h.?il be~ ~rnmed~aLe•1~~ clur an.i }~:?yab;e :~nd sh.iil t,e~r ~nter•°~• fr~~m th.~ ~lxte thezeuf until pa:d
at the ra:e of trn per crnturn ~cr annum xn:i tu};eth.•r «:?h such ~ntereii ~h:?li De~ se.ured by the L~•n uf th~s
murt~: i~e.
~ 3. To place and contlnuo~sip keFp on the bu::~l~n~s n~~w or hemafter situate on said land fire and K•inJst~~rtn
? Full Insurablc Value -
insurance ~n the u~isal ~tar.dard ;~nlicy fnrm, ~n a ~ur.~ nnt ic•~s than S . ir. su~h c~,m-
y Pany ~~r run~, ;•i; n~ay b~ A~jo~,~Crd Lz~' R:i:~I ~S.~r:~:~~•,~e. :+r; i ali -:u• h ~n~~~::.nrr ~,.,li.:cv nn s~ne n! s•a~;i b~~sid-
~r.Ks, any ~nteresl thPre~n or part thereof. ~n the n,-~r~•~::ite 9um afur~~aa.d ar ~n t•x:•e+• ther~nf, siiHil rn::tf~:n the
ususl s,an;iard m. ~r~::RZ~P ~•lause mak:r.~ tre l;~~s u*:.:~•r s~t:~1 poL~•ie9. ea~ h a?:~i r~•er~•. ~~at•able :n :sz~i it~~rt~;:t- ;
Rc•e a~ h~s intNres; n~a~~ a_~E~~ar, an,! c-ach ar.~1 r~~e-}• s~:~ h[+~~:icy ahai! be pr<~^iptip ~i.~li~'ered to ar.d hel~f h~• sa~d
~ ~1:,rt~;aKee: and. nnt Ic<i than tcn ~lavs in a~i: ar.~ e nf t~:e . x= ~raU~n ot Fach jK,L•~}•. '.o delie~r to ~ai~i ~1~r';R::e`P,
a rcn~~•.~•al thvrv~•_,!. !,,kelher ~-:!h H rrce~pt f~~r the prF~t:ium n/ a~=:•h r~n~w~nl~ and thPr.• sha21 in r.~~ :+ur~!: .::s.ir-
- an~~r j~lar~d nn ant• of ~aid bt::,.iir.ka, any ~nterest the•r~~.n ~r rart then~af, unlr~y ~n the f~~rm Hnd w•:ch t~:e J~~+9
parahte as ai~resa:,:: 3nd ~n the e~~nt an~• sum of m~~r.~y tu~.ome~ pavable under ouch polfcy «r c~~.i:~•.e~ ta~d
~Tnri,'.tt;eP .:}7:i:I F1A~"F !h.~ ni~U~+n t~~ re~~'~:~'e and '~~~~1~ !Fe ~am~~ on s~~ount of ihe ~ndrbtr~lnes~ sc.ur.•~1 here:~y ~~r
tn rFrn:it s~:d ~tnrts;ae~~r to r~~+•~~~~•~ ~tn~i ~.~e it o- ar.y~ nar[ thereof for Mh~~r ~urF~v.s v?~thout th~reh~• ~ra~~~nR ~
~~r :mn:+ir.n;; a:iv r~uity. lien ~r r.~;h[ under ~~r by ~~:rtue of tht+ m~rt~a~.~, ar,d ~n thF event said ~t~rrt~:i~; ,r ;!ixl(
- f~r ar~• r.•:i.:•~r: fas' tv kPr~, thP ~.i:~{ pr~m.a.: sn :t~~»r~~~i. or (ail ;o d~1f~~rr 7 rnmpth• 8m- o! ~a.~f {,~,Lr:.^a ~i!
" :nsur+nc~ to s.:~~! ~t~~r`~aR~•e. or f.~l ~romptl~ Tn F,~v f~:lly :u?t premtum thFrc•f~~r, nr ~n any re~pP~-t fA i t~~ ,~er- -
fonn. ~?ischar~F, exc~~utn. efte~t, complete. romply t~•~th and ahi.l~• b~• tA~s rueenAnt. nr am• E+art hen•~~f, va:~.: ~t~~r'R-
akeP n;;iy piar~ an~1 pay f~~r sclcA in=urance or any pt?rt thrre~~f w~~thnut k~:i~~~:r.~ or atfP~tsnR any ~~{~t:~~n. fi~n.
equ~ty ~r r.~ht under ur b< <•tirtue u! this mert~aRP. ard tA~• full mm~~~nt nf ••a~•h an~i vvery s•~ch pn}r.:~•.^.t ah ill
y? De immed~ately due and pa}•ablt nnd vhail beer mtPrect from the date ther~of untfl ~ Zi~] xt ll:e ru'~ nf ten per
- crntam per annum and to~ether w~th ~uch lnterest ahall be eacured Dy the l~~n of th1~ mort~a~e.
` 4. To permit, commit or ~utfer no w•bste, tmpairment or deterlocstion ot sn!3 pr.:perty or ar:y part thereot.
6. To pay sll and ainRular the coats, charRe~ and ex~xwn e9, inNudlnF rea+onable law~•ers fee~ and co~t ot
- aDstracta of tltle, incarred or pafd at any time by safd rtgagee bee•a~se and or !n the event ot the !ailm~e
on thr part of the said Mortgagor to duty, promptly a::: :u?1y perforTn. Alxhwrge, execute. etfect, complete,
- co-n;>;v w~ith and abide 4y each and every the stipulaUon•. :,:~eement~, ronc~uons and cover.enta of sa~d proml~-
' sory n.~te, and th1~ morc~•~~ ^r s.^3 ~~.'a ::arge~ and expen~e~, each and every, ahsll be Im-
mPia t~•ly due and pa~able, whether or not~there be not~c.~. :~•:nand, at!~~npt to collect or ault E?ending: snd the
fu:l a nount ot each sad every ~uch pa}~rnent shell bear ~ntrreat trom the date thereot until paid at thP rnte oi
ten pe; cenium per annum: and al! aafd co~te, charges and eapense~ w tncurred or paid, together w~fth euch !a-
- tercst~ ~hell be secured by the lfen ot Ws mortgage.
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