The URL can be used to link to this page

Home My WebLink About1931 ti~,.r-~-~.r.~-..,--~ ~ ; : ` y~l~ ~ D0~ . 00 STUART. Fiorida. .,Wl~g~~~~. ~ 1! 7 1 ~ ~ ' t C'~ VALL'E RT.CEIVED. thc undersig~ed, jointl~ and se~erally. PROMISE TO PAY to ih~ ord~r o! A. H. JACOBSON CO. ::7hty Thousand and NO/100----- . . . ~R DOLL S. ; ~ _ _ ~l)3S Hennepin Avenue, Minnea,polis~ Minneso.ta _ or such other plac• as the holde~ _ _ . _ r.ereo! maT de:iqaaie ia writiag, fo9eth~r wilh inleres! f~om dale a1 !he r~le ot 7~ per centum per snnum on the unpaid ealanc~ until m~tu:it~. Th~ said priacipal and inierest ahall be due and payable as iollo~rs: lri twenty ~2~~ equal ~i ~emi-annual installments of Four Thousand ($4,0OO.OC~) Dollars o~h~prin- :_ipal plus interest then due, on the Da~ day of ~pvp.M~~,~ , be~innir~g Mqy~~ , 1972, and continuing each six (6) months : ~~'~Ereafter until he principal and interest are fully paid. T'he Maker may nay the entire principal balance due at any time without penalty; may pre- y , such sums which when computed with the down paymentf on the purchase of c~~e property shall not exceed 29 percent of the total purchase price; or may :repay any part of the principal on or after one (1) year from the date of s _ 1 ~losing without penalty. # ~i ~ y ~ c ~ ! iE 11 , (1 ael~ult b~ w~e IR 3Q. ~als L tM P~f~~t e1 a~~ f~st~lt~ent ef ~~M~ Iwterest er awr Nrt tAereot. tAe ~rhole ~uw t\en te+naiein~ w ~ e..d ~It! interest ~4~1! at ?~I~er'~ MtiM ~~~e i~ ~~a>~k ~tAwt ~otice. Failrre t~ e:ercise suc\ Mti~w ~A~11 n~t cea~titu~ ~raf~er el tAe i1 •~rht to e=ercis~ t\e s~~ 1~ tM ~~t ~1 ~u~ss~w~t ~el~rit Alter ~aturit~ ?ot? ~riwciMl a~J accrned iwttre~t ~h~ll br:•r i~teres~ ~t ~er cen~um ' v~r ~na~~ dtil NY. T'r~ s~4eas ~ w~~s d t\ia ~etr IwtMw ~~i~e ~~aaaJ, •~tice sl woa-pa~we~t an~ ~ro1~~t_ If t6is ~~te is w~t M~ ~t I`E ,,,aturit~ ~ t?~ ~a~e 1~ ~I+c~J ~rit? ~~ttwse~ Iw cs~McWw. tM ~~r~ •ni ewae~sers ~e~l st~ to M7 ~ c~~t• et c.?liectw~. bcl~i~~ ~ll caurt 1` ce.t• ae~ rw~~w~?M ~ttKr~ 1«s_ . 'ti ~Jl~ ~ l I ~aM ~ W~r~~Q~.. . . _.tSEAL) W I;I;Y~?1~I- ~H. WATSON, ~ as~ Trustee :i t! - . ~ - .ISEAL) ? ~ . ~ ~P S~ - . _ (SEAL? il (SEAL) + . Ik~ . . . 1~ ~ and shall duly, promptly and fully perform, discharge, execute, effect, completP, comply v~nth and abide by each and e~~cr~ the stipu:ations, agreements, condiLio:is and covenants of said prom,saory note ~nd of tlue mortgage, = then ttus mortgage and the estate hereby created shall cease and be null an~ .•o~d. It is understood that each of the .~orcis. "note," "mortgagor' and "mortgagee" respecti~ely and the pron- ouns refernng thereto, k~hether in the singular or plural anyv?here in thia mortgage, shall be singular if oae only and shall be plural jointl}• and se~~erall}, if more than one, and shall be masculine, feminine and-'or neuter, vvher- e~~er the context so implies or admits_ And said Mortgagor for himself and.his heirs, legal representatices, successors and assigne, herebq coven- ants ana agrees io and wzth said 1?iortgxgee, his legal representatives, successors and assign~: i 1. To pay all and singular the principal and intereat and the various and sundry sums of money payable by ; ; virtue of sa.id pronussory note, and this mortgage, each and every, promptly on the days respectively the same `s, se~~erally become due. ` 2. To pay all and singular the taxes, ~sses.5ments, levies, liabilities, obli~ations and incumbrance~ of e~•ery s nature and kind now on said descnt?ed property, and or that hereafter may be imposed, auffered, placed, le~~ed ~ or assessed thereupon, and.-or thai hereafter may be le~•ied or ~ssessed upon this mortgage and%or the indebted- ness secured hereb}, each and e~•er~, K•hen due and payabie according to law, betore thev become delinquent, and before an~• interest attaches or any pensilty is incurred; and ?n so `ar as any thereof is of record the same ~ shall be prompUy satisfied and discharged of record and the onginai official document (auch as, for instance, ~ :he tax receipt er the satisfact:on paper officially endorsed or certif~e .9 ~ shall be placed in the hand~ of said t Diortgagee v?ithin ten days next after pay~ment: and in the e~-ent that any thereof is not so paid, satisfied and : discharged, said l~iurtga~ee rna}• at any Ume pay ihe same or an~ part thereof v~'iihout vtai~'ing or affecting r xn~~ op:ion. lien, equ~t}• or right under or b~• ~'trtuP of this mortgage, and the full amount ot each and every Y such pa~ment shall be immediately due and payab~e and shall bear interest from the date thereof until paid at the rate of ten per centurn per annum and tc~gether K:ih such interest shall be secured by ihe lien of this mortgage. 3. To place and continuousiy keep on the bu~3d:n~s r~ow or hereafter situate on said land ~re and ndstorm ~ ~ , va`~'ue f ' insurance in the usual standard polic}• form, in a svm nc~t less than =highest_._insurable1 i~ $„ch com- - ; panr or cuinr' :;<•s as ma}• be appro~•ed b~ sa~d R!nr:~;a~ce: and sli such insvrance policies on any of said build- ings, an~• interesl therein or part thereof, in the a~~reeate sum aforesaid or in excess thereof, shall contain L`?e usual standard mort~agee clause makin~ the luss ur.dPr said policies. each and e~•ery, payable to said Dfortga- gee a~ his interest ma~• appear, and each ar.d e~•er~• su~ h policr shall be prompUy deii~ered to and held by said 1?Iortgagee; ar.d, not less than ten da~•s in ad ~ an~ e of the expiration of each policy, to deliver to sxid btortgagee ~ a reneu•al thereof, to~ether ~+ith a receipt for the premium ~f Qu~h renewal: and there ~hall be no such insur- _ ance placed on am• of said buildin~s, any interes; therein or part thereof, uriles~ in the form and with the loss - pa~•aDle as atoresaid; and in the e~-ent an~• sum of money becomes pavable un~er such policy or policies said Mort~;a~ee shall ha~•e the ~ption to rece:re and apply the same on account ot the indebtedness secured hereby or . to Fermit sa;d '.4iortQa~or to recei~•e and uce it or any part ihereot for- ot.'tier purpo~ without thereby waiving ~ or ;mpairing an}• equity, lien or r.~ht under or by ~•irtue of this mortgage; and in the event said Mortgagor shall _ ~ for ar.~ reas~~ faif to keep the said premsa~s so in~ur~d. or fail to deliver prompUy an~ of said pol~cies of insurance to said :~iort~a~e~e. or fail prompUy to rriy fully any premium therefor, or ;n any respect tail to per- form. dischar~e, execuie. effect, compleie, compiy ~.-ith and abide b~ thia co~enant, or an~ part hereot, aaid Mortg- ageP n~ay place and pa~• for such in4urance or any part thereof without ~vai~ing or affecting any option. ]ien, e•quit}• or r.Rht under or b~~ ~~irtue of this mortRage, and the fu? a:nount of each and every auch pa~~ment shall ~ be immediately due and pa~•able and shap bear intorest from the date Lhereof until paid at the rate of ten per centum per annum and together w~th such interest shall be eecured by the lien of thie mortgage. ~ = 4. To permit, commit or suffer no u•aste, impairment or deterioration of said property or any part thereol. - 6. To pay all end singular the cosis, chargea and e~cpenses, including reaaonable lavvye~e fee~ and coet o! ~ abstracts of tiUe, lncurred or paid at any time by said Mortgagee because and!or in the event of the failure on the part of the said Mortgagor to dvly, promptlc and fully pertorm. diacherge, ea~ecute, effect. complete, ~ comply wzth and abide by each and every the sUpulaUona, agrEements, condiUons and covenanta of said promis- sory nete, and thi~ mortgage, any or either, and said costa, chargea and expensee. each and every, ahall be im- mediately due and pa~~able, w•hether or not there be not~ce, demand, sttempt to colkct or auit pending: and ths full amount of each and even• auch pay-ment ahall bear interePt from the date thereof until paid at the rate ot ~ ten per centum per annum; and all eaid coeta, charges and expense~ eo incurred or paid, together wlth suct~ 3n- ~ tereat, shall De secured by the lien of thfa morigage. 600M 197 PACE J~ - nt1QK ~9 l t'Q~,~ ~g2J , . ~ . ~ - _ . _ . - - _