HomeMy WebLinkAbout2105 ~~~8 thact if sainl. rlfort~'a~or shall pay unt~ t~e ~auL .~~.-.-~u~~o
the certctin promms~a~ ~sote, of which. the following in wvt°~~.s rznc~ f~~t~~~es is a trtte copy,
to tvit:
tNSTALLMENI NOTE-
~ 10~000.04.--•-- -~iv~~sa_~?cb---------------fl«~a.~.--- M!!Y.lZ-----•--.~9_ 7Z
For Value Reoeived. tbe undersqp?ed pmmise to pay to t6e oMer ot---- J=~
--in Irpal te~der of the United Statesof America. the D~iaciPy sum ot
Z~ ~ ~1~ w ~r ~ w • ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ • r
~ ^ DOui[t
~ together with intereu upon tbe amouna thercof remairuc?~ unpaid from time to time. at tt~e nte of_._~~t
___per antum
per aanum from tbe date l~en.wf uuW p~id. $aid priaci~al wm aad intaest shaU be payabie ia nant6lr iasWlments oi
• 6s-----ach on or before tbe--- lat ------day ot each and ererp moath. be~innin~_ ~1~ 1~ 197Z
aad continuiag uotil said principal wm of t_ ~0~ has bcen paid in full. to~etba with aU aocrucd intaest
thereon. Each of s~id iost~Umenu. as aad whea paid, sbaU be aedited py the taWer hereof first on tbe intecat then acrrued
on said principal suai rems;aiu~ unpaid. and thea in reduaioa oE such unP~ P~~P~- T6e undersigned shaU 6ave the ~
option to antictip~te aad pay aar of said installments at sap time pric~r to maturitp thereot. aad also at any time maY pay on this
aoce any aums in addicion to the abo~e prescribed instdlmeats, wbicb installments ~ben w ~aticipatcd and ~rhich addicional
sums whea so paid sball be applied aad credited on the aoaued interest aad unpaid PcinaPd bueot in the manaer sbove
pcovided,
' If defauit be made in pa~t of an~ oi said installcneau at tl~e times aad in tbe m:nner aforaaid (timt b~in~ ot ~
wence ot this agreement) thea at tbe opcioo ~ tde 6older bereo~ Lbe entire amount ot ~aid priacipai thea remaininQ unpaid,
with ~q interat thea sarued thereon shaU immediatd~ beaome and be due tad payable ud enllectible writbout notioe or dt
mand therefor. If this note s6~11 beoome io default and abaU be placed in tbe hands ot an attorney fot cotiection, a11 parties
uabie he~eon agree co par to tl~e holder bereot a ra~aoaaWe attorue~'a iee t~n tbe eoliection liereof. Preseatment, prot~t,
nocics of dishonor and notioe of protat ot thu note ace baeb~ wai?al b~ all parties uow or 6ereafta W become liabk hereon
~na°~«` « at. Lnai•
TAis note is securod bp s awrt~a~e oE e~ea date 6ertwith on oertaia laocl in ----------------~h. Florida.
w-~'s~ i ~ ~~'ji~~~_ ~Z~+ _ (3~a1)
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•sas~tasy I~i ts~s~Q~int~-------
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and shall perform, eornply with .and acbi,de by ecteh cind every the stipulautions, ccgree-
ments, conditions acnd covenants of said promissory note and of this deed, then this
deed acnd the estate hereby created shall cease and be null and void.
•,~ri~ the said Jlfort~cagor hereby covertcints and a~~srees:
1. To pay all cc~u~l sin~ular the principact and interest a»d other srcros of money
paya,ble hy virtue of sQid promissory note and this c~eed, or eather, promptly on the
dacys respectiaely the sctme seaerally come due.
To pay att and sin~srcla~r the taxes, a.ssessments, levi,es, liabilities, obti~'a~ians
dnd encum,brances of everf nattcre on said described property eaclr, and every, and if
the sca~ne be not promptty pc~id the sdi,d Jlsortgra~ee ~ruiy ~zt any time ~y the sdme
without waivin~ or affecttit~ the optio~t to foreclose or ctnJ right herercnder, and every
payment so made shall bear interest from the date thereof at the rc~te of eight per
cent. per ccnnum.
S. To pcty alt acnd sin~ular the costs, cha.r~es and expenses, including lawyer's
fees, reasona,bly incurred or paid at dny time bJ said rKort~'a~ee because of the faiture
on the part of the said ~'kfort~'a~sor fo perform, co~rcplJ wit/a cand abide by each and
ei~ery the stiprclations, condifions anc~ covenants of said pronaissory note and thi,s deed,
or either, and eUery such payment shalt bear i~aterest from ddte at tlie rate of
eight per cent. per ctnnum.
To keep the buildin,~s now or hereafter on said land insured in a st~m not less
than full insurable value a~o~s, in a company or companies to be
approved by said JKort~'d~ee, c~nd the policy or policies held b~ a,~ad paJable tn said
.1Kortga~ee, and in the event anr~ ~u~n of mo?zeJ becomes pc~ccyable under such policy or
poticies, the .M~ort~agee shall hacae tbe opti,on to~~•eceiae and appty the ~ame on account
of the indebtedness hereby secure~ or to per»tit the .Mortgiz~or tsr receiae dnd rese it, or
ccny pQrt tlr,ereof, for other pr~rposes, without therebJ waivin~ or impairin~ any eqrcity
lien or ri~ht under or by virtice of thi,s mort~a~e, and may place and paJ for Such
inswrance or anJ part thereof, withaut wQiving or aj~ecting the option to foreclose or
any ri~ht hereunder, dnd each acnd everrJ such paJment sha-ll bear interest from- dacte
at the rcate of eight per cent. per annu~n. ~~K~r,
~
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