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Home My WebLink About2129 ~ s 32, OOU.. STUlIRT. Florida. 1aIIUax . 19 ?2 3 . ~~FC~n ~ FOR VJILUE TAECEIVED, thy•~ ,u,nd~rsiynedT, ;ointlY sLad s~..~.~2rally. PROMISS TO PlIY !0 1h~ ord~r of . __..~a_Y.WAB.~._M~~ .~4ye. A.1• ~!.Q~$~ ii~_ W1~ . . . y ~i~~cty. ~.4 '~ctu ...no/100-----_-.-~.-------------. ----OOLLARS. . . . . . a~ 24?.. Imper_ial. . I~a e.r.dalerBy.-.~8..~.a~$}•~0~~....~.~40&... or such oih~r plu~ as !he holder her~of ma~ d~slQaai~ ia w iaq. toy~lh~r wtth inter~st trom dal~ ai th~ ot ..~J~j . per ceotum per annum on the unpaid balaac~ anill matnrit~. T atid priaeipal and lAZftfi~ shall b~ due and paYable as tollows: In Four equal annual installmen oi ~8, 000. 00 e . rest shall be pe~yable aanual~y. First annu~al peyment due a~e from date reof, or o an 1973, this no~e may be prepaid in full witho na,lty o ma~y prepaid pe~rt 29~ o the total purah,a,se price without penalty. Afber J ry 1 1973, it ~ pre d at s times and in such amounts as makers desires, ' aut penalt~?. ~ If dela~~lt b~ made le? ~O d~1• in t\s pal~f~ent ol ~sr lastalloent Onncip~l o~ iat~rest or anr Part ereol tse ~r'~ole aum lAen ?emaiein~ ~ ~npai~ vit\ intereat ~hall at Aolder~ option 4acow~e dw aed Paras~~ ~I~~~Y[ OO~Itf. FiIIYf! te eaerc~s~ such op~io aA not constitut aive~ ef tM ~ .~t6t to estnit~ tAe iast in 11~~ ersat oI ~ubspwwt i~lault. Alter saturi[r bot6 principal and accrued in~~reat al ear ir.:erest at ~ per ceotu~n per aneue~ uetil Paid. The maken s~d esdorse~s of tAis eote lurlher ralte demaad, ~otice el non-paymewt an ote~t. i: ~Ais nute ~s not pai~ ~t maturity and t?e ~ame it v~aced ~.~~h ~n •tto~aer Ier collection, tAe sa?e?s •~d tndoraers 6ereol a~ree to pay all sts ot coilect~on, includint all courl cost• and re~senabl~ •ttoraer leea. ti z~ B~v ~wR Q~vp, n~c. ~ i ( COrQOrB.te Seal) ..Fy:. _.s,~. Merritt__H....Taylor, Jr. ISEALI Its Presic~ent (SElILI ~ _ (SElILI i and shall duly, promptly and fully pertorm, discharge, execute, ef[ect, complete, comply w~th and abide by each and everv the stipulations, egreements, conddions and covenanta of said prom~saory note and of this mortgage. then thia morigage and the estste hereby created shall cease and be nuU and vo1d. It is understoo.i ihat each of the worda. "note," "mortgagor" and "mortgagea" respectlvelq and the pron- ouns reternng thereto. whether in the singular or plural anywhere in this mortgage, ahall be singulat 1t one onlq and ahall be plural jointiy and severally, it more than one, and shall be masculine, feminine and/or neuter. wher- e~er the context so impliea or admits. Md sald Mortgagor for himseli and his heirs, legal representatives, successors snd a~signs. hereby coven- ; ants ana sgrees to and with said Mortgagce. hia legal representatives, successors and assigns: ~ 1. To pay all end singular the ptincipal and intereet and the various and auadry sums ot money payable by ~ virtue of aaid promiasory note. and this mortgage. each and every. promptly on the days reapectively the ssme aeveraUy become due. . ~ 2. To pay all and aingular the trucea, as9essments, levies, I3abitities. obligatione and ir.cumbrances of every -r nature end kind now on said described property, and/or that hereafter may be impo_sed, auffered, placed, levied s or assessed thereupon, and/or that hereatter may be levied or assessed upon this mortgage and/or the indebted- ~ ness secured hereby, each and every, when due a,~u E~a~able according to law, betore they become delinquent, ~ and before any interest attaches or any penalty is incurred; and in so faz as any thereof ia ot record the satne c shall be prompUy satisfied and discharged of record and the original official document (auch as, for instance. ~ Lhe tax receipt or the satis[action paper officially endorsed or certifiedl shall be pleced in the hands oi said = Mortgagee within ten days next af*.pr payment; and in the event that any thereot is not ao paid, satiafied and ~ discharged, said Mortgagee may at any time pay the s:?n?e or any part thereot v~ithout waiving or affecting any option, lien, equity or right under or by r~rtue of this mortgage, and lhe full amount of each and every ~ such payment ahail be immediately due and payab;e and shall bear intemst from the date thereof until paid z at the rate o[ ten per centurn per annum and together w~th such interest shall be secured by the lien of this ~ mortgage. ; 8. To place and continuousiy ke~p on the bu~ldin~s now or hereafter aituate on aaid land tire and windstorm ~ ~ inaurance fn the ~Qual standard policy form, in a sum not less than t.- in such com- pany or comp^~ies as may be appruved by sai~l Mort~a~ce: anii all such insurance policie~ on any of said build- ings, any interest therein or part thereof, in the a~~re~ate sum a[oresaid or in excess there~f, shall contain the ~ usual standard mortRagee clause makinR ttie luss ur.d~~r sa?d policies, each snd every, payable to said Diortga- ~ gee as his interest may appPar, and ench and e~•e:~• su~•h pol~cy shall be promptly delivered to and held by esid - biortgagee: and, not less than ten days in ad~•anoe of ihe expiration o[ each policy, to deliver to anid Mortgagee w~ a rene~vai thereof, toRether with a receipt tor thP premium of anrh rrnewal; and there ahell be no auch insur- ance placed on any of aaid buildinRs, any interest therein or part thereof, unle.vs in the form and with the loss ' payable aa atoresaid; and in the e~•Pnt any sum of money become~ payable under such pollcy or poriciea said Mort~a~ee shall have the option to receive and apply the same on account of the indebtedne~s secured hereby or ~ to ~rmit sa:d Mort~agor to receive and uce it or any part thereof for oiher purposea without thereby waiving ~ or impairing any equity, lien or riRht under or by virtue ot thi9 mortgage; and in the event said Mortgagor ahall for any ret?so~ tail to keep the said premi~~s so inaumd, or fail to deliver promptly any ot said policies oi ?s = insurance to said 1~SortgaRee, or fait prompUy to pay tnlly any premium therefor, or in any respect fsil to per- form, discharRe, execute, effect, complete, comply ~~~th and abide by thia covenant, or any part hereof, aaid Mortg- _ ageP may place and pay for such inaurance or any part thereof without waiving or atfecting any option, lien, equity or right under or by virtue of thia mort~age, anJ the full amount of each and every such peyment shall be immediately due and pa~•able and shall bear intPrest from the date thereof unttl paid at the rate ot ten per centum per annum and together with such interest shall be aecured by the llen of this mortgage. 4. To permlt, commit or si~tter no w•a~te, impairment or deterloration of aatd propertq or any part thereot. 6. To pay nll and ainRular the co~ts, chargca and expenses, including reeaonable lawyet's fees and coat ot abatracts o[ title, incurred or paJd at any Ume by satd Mortgagee because and/or 1n the event of the fallura - on the part ot the said Mortgagor to duly, promptly and [ully perform, dlacharge, e~[ecute, effect. complete, - comply with and sbfde by each and every the ~tlpulaUons, agreementa, condiUons and covenanta of eaid promis- - sory note, and thi~ mortgage. any or elther, and ~aid costs~ charge~ and expenees, each and every, ahsll bs Im- mediately due and payable, whether or not there be notice, demand, attempt to collect or ault pending: and ths = tutl amount ot each and every auch payment ahnll bear intere9t trom the date thereof tustU pn~d at the rste ot = ten per centum per annum: and all eafd coete, charges snd expensei w incurred or paid. together with eucD in- tenat, ~hall Ds secured by the tien of this mortgage. ~oaK1y8 FAC~21z6 . : . : ~ ~ _ _ . : ,