The URL can be used to link to this page

Home My WebLink About2118 ' 144..QQO,.QO Fat Pierc~. F~«;a.. Jiauary 11 7Z iii~ -----------A~_~~E!!i~l~_~~~~ ~h~? d~N. 1, vw a~it!?N of vs promise to p+y to tM o~dN o ~ - - -------------~~._W~~=~~_~LLIPS_an~d_ RUSSELI.. B, __P~ILLIPS------------- ~ Ona-HwLd~ed~o~rtt~ct-TL'ouaaad.~d--.no~1Q0-=------_------~------_----•-----~- oau?RS , ; fw w~ue rectived. P~Y~bI~ ~~--~ib_~~ AY_l~ciue~_ ~~~CS_!,~_Y_~~~_~_07Q~1~--------• - . wifh iot~nst from---d~e------------~t 1F» rat~ of--Z. --per oent pt? anoum until paid; inttreu p~yabl~--~~ ~ai~_~~~+--- - Md each of ~ whethtr mslur. yuuanlor o~ tedwsar. Mrtby s~v~raliy waiv~s u~d rtnountN any Md aN ho~nettt~d tx~mptan ~gl?ts vw rnay luve u~der the Conitir~tion or laws of ths State of flwida, w any otFNr Stat~ or United StNa, a ap~i~st this not~~ and ~sch furtl+K w+iws danand. ; notice of ~o~-p~yme~t and protat, and in th~ event R bscomes necessulr to edkc~ Mis noh throu~l? +i+ a~lx~Y• ~0~ ~ WY ail coan of cdbctia+. ~ includirg mssonabie ~nomey's fee. ~~1C~1 d~AU~t C0~1~a11N ~b d~~~ ~ If defavh it m+d~ it~ anY pay~++ent when dve tlwn at the optan of the hotde~, and without sm other notks. ~II tl+~ rem~ininp balance thall ~c due a~d p~y+bl~ at once. ~ e Ttie ~aid principol ~um ~6011 be pqrabl~ =28, 000. 00 oa tlse lltli dy oi Jannary, 1~79 and a like ~u~ on th~ llth d~ s~i each wecs~dinQ Janu4r~r tlus~a!'t~r nntil th~ w6oZ~ principai ~um be fu]ly paid. On or prior to D~camb~r ai, 1~7~ thi~ no~t~ mgy b~ p~r~paid without pa?~1~ only to th~ ~ad~t ot;ib, 7b0.00. AR~r D~c~anber Si. 1872, P:'ePaYm~ in a~qt amount may b~ mad~ at aa~ tim~ with~out p~r~alt~?• $210. 00 State Revenue Stamps affixed T~ ~y~~ ~~~~P, INC. to original note and cancelled. ~s/Merritt H. Taylor, Jr. I~ Presi ent (Corporate Sesl) end shall duly, prompqy and fully perform, discharge, execute, ettect, complete, romply with and abide by each ~ and everv ihe stipulations, agreements, conditiozu and covenants of said prom~ssory note and of this mortgage. then thia mortgage and the estate hereby created shall cease and De null and void. It is underatood that each of the wor~ls, "note." "mortgagoY' and "moRgagee" respectively and the pron- ouns refernng thereto, whether in the singular or plural anywhere in thla mortgage. ahall be singular it one only ; and shall be plural joinUy and severally, it more than one, and shall be masculine, feminine and/or neuter. wher- e~~er ihe context ao implies or admits. ; And said Mortgagor for himself and his heirs, tegal representetives, successors and asslgoa, hereby coven- ~ ants ana sgrees to and with said 111ortgagee. his legal representatives, successors and as9igns: ~ 1. To pay all and singular the principal and Intereat az?d the various and sundry aums of money payable b~ ~ virtue of said pzomissory note, and this mortgage, each and every, prompUy on the days respectively the aame € aeverally become due. ~ 2. To pay all and aingular the taxes, a;r„ssments, levies, liabilities, obligetions and incumbrance~ oi every i nature and kind now on said described property, and/or that hereafter may be impo9ed, auftered. placed, levied or assessed thereupon, and/or Lhat hereafter may be tevied or assessed upon this mortgage and/or the indebted- ness secured hereby, each and e~•ery, vrhen due and payable according to law, before they become delinquent, ~ and before any interest attaches or any penaliy is incurred; and in so far as any thereof ia ot record the same ~ shall be prompUy satisfied and discharged of record and the ont{inal official document (such as, tor instance, ~ :he tax receipt or the satisfaction paper officially endorsed or certifiedl ~hall be placed in the hands of said s Mortgagee within ten days next a[ter payment; and in the event that any thereof is aot so paid, satisfied and ~ discharged, said 1ltortgagee may at any time pay the san?e or any part thereof without wai~~ing or afiecting any option, lien, equity or right under or b~ ~•irtuP of this mortgage, and the full amount of each and every ~ such payment sball be immediately due and payab2e and shall bear interest from the date thereof until paid ; at the rate of ten per centurn per annum and together v~~th such interest shall be secured by the lien of this = mortgage. ~ 3. To place and continuously keep on the bu~ldin~a now or hereatter eltuate on said Iand fire and windstorm - ~ ~ insurance in the usual standard policy form, in a sum not less than S-~-- •~n auch com- ~ pany or comp^~ies as may be apprnved by sa;~l ]?fort~a~.~e: and t?U such insurance policies on any of ~?id build- ~ ing~, any interest therein or part thereof, in the a~~re~ate sum atoresaid or in excess themof, ~hall contain the : usual standard mort~agee clause mak~nR the lu~s ur.d~r said policies, each and every, payable to said bfortgar gee as his interest may appear, and each ar.d e~•e:y su~•h policy shall be promptly delivered to and held by eaid biortgagee; and, not less than ten days in adranre of the exp~ration of each p~licy, to deliver to sxid Mortgagee a renewal thereof. toRether vvith a receipi fnr thP prpmium of au~h rencwal; and there ahall be no such insur- ; ance placed on any of said buildinRs, any interest therein or part thereo[, unle.9s in the form and with the loss payable as e[oresaid: and in the e~~ent any sum of money become~ payable under such poHcy or policiea said Mort~aRee shall have ihe optinn to receive and appty the same on account of the indebtednes~ secured hereby or to permit said yiortgagor to recei~•e and uee ft or any part thereot tor other purpose~ without thereby waiving or impairing any equity, lfen or riRht under or by ~irtue of this mortgage; and in the event eaid Mortgagor ehall for any reaso~ fail to keep the said premises so inaur~d, or fail to deliver prompUy any ot said policiea o! insurance to sa~d riortga~ee. or fail promptly to p~y fi~lly any premium therefor, or in any re~pect fail to per- form, discharRe, execute, etfect, complete, comply uith and abide bv this covenant, or any part hereot. aaid 11Sortg- = ageP may place and pay for siuh inourance or nny part thereof without wafving or atfecting any option, lien, equity or right under or by ~•irtue of this mort~age, and the full ar7~ount of each and every euch payment shall be immediately due and payable end shall bear intPrest trom the ciate thereot untll paid at the rate of ten per - centum per annum and together with such tnterest ahall be aecured by the lien of thfs mortgage. 4. To permlt,.commit or suffer no wa~te, impairment or deterloratton of safd property or any part thereo!- = 6. To pay all and ain~;utar the costs, charge~ and eapenses, fncluding reaaonable lawyer's fee~ and caet ot abstracts ot title, incurre.3 or paid at any time by safd Mortgngee because and/or In the event of the fallure on the part ot the said MortgaRor to duly, promptly and itilly pertorm, dlxharge, execute, effect, complete. comply with snd ablde by each and every the stfpulations, agreements, condiUona and covenante ot eaid promis- sory note, and thi~ mort~age, any or etther, and said coste, chargea and eapenaes, each and every, ahaU be lm- medlately due and payable, whether or not thece be notice, demand, sttempt to colkct or auft pending: and the - tull amount o[ each and every auch pavment ahall bear interest trom the date tbereof unttl pald at the rate oi ; ten per centum per annum: and all aafd co~ta, charges and ezpenee~ so lncurred or paid, together wlth such in- - terest, shall be secured by the liea ot Wa mortgage. ~i~ ^'4 Y - . . . . . _ . ~ _