HomeMy WebLinkAbout2208 ~rpUtdp~ ~11UM1J~, tlu~ct if said .hfortgagor s)utlt poy unto the said .hfortgagee
the certain promissory note, of zuhich the following in words and ~gures is a true copy, ;
to wit: ~
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s 3g~QQQ. QQ Hollywo~~d, Fls., ~uly ZQ _ i 9 ~Z ~
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FOR VALUE RECEIVED, I/W~ promi:s to pay to tM ordsr of ~
LAVON H. BUTLER ~nd B'tl~L M. BUTL.ER. htt wit~e ~
_ Thlrtv three thou~4nd and ao ~~~~~~~~-.•~~-~~~~w~•~~~~~~~~~~~~ DOLLARS ~
et 9800 N. W. t00th Av~e.. HoU~rv~ood. FlOtid~ 3342 ~
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with inf~rest from dsfe at the ~et• of - e14~ (~;~i 1 per cent ps~ annum unfil p~id,
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payable as follow:: !
Tt~e •um of ~6. 600.00 pluri lourea yearly, c:anmsncing july ~0. 1973~ ,
~ and a itke ~um of ~6~ 600, 00 plw U~ere~t ~rach aad sr+ery july ZO tb~reatber ~
untli fuily pat~d; Ati or pettt ot said Mdeb~sdnesa may be pre pold tn tWll ~
~ or part at any time withotit psnaltp. ~
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NOW. s~+ould if b~tom• n~c~ts~ry fo coll~cl 16i~ ne1• 1h?ouq6 •n •lforn~y, •ifA~r o1 ut. whe~6~r rn~~er. sur~ty. o? •ndo.fsr ~
on fA~s eof~. h~.~b~ •qr~• fo P~y ~II toift oi aut6 toil~etion. intludinq r~~son~dl~ •fforn~Y's f~~. TI~• dr~.r~r: •nd •~dortert
~~v~~~11y w~iv~ pres~nfn~~n1 /or p~yn+cnt, prot~sf, •nd nofic• of p~of~sf for non-p~yment oi fAit no1~.
IN THE EVENT •ny p~ym~nf o~ ~nf~r~sf or princip~l b~ no1 p~i d within 'I~=~v f~~~1 d~vt •~~er tAe t~T• b~co~et d~•
tA• I~old~r oi tAit nof• n+~y, ~f I~it o0~~oe. d~cl~r~ flti v+l~ol• p~inc~p~l •u~n Ae.eo/ Ie be ~T~ned~~»ly du• •nd p~y~b~•
( Seell 1 Ssel 1 ;
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1 Seal1 I Ssal1
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and shall perfoim, comply with and abide by each and every the stipulations, ~
mgreements, condition.Y dnd coveruLnts of said promissory note dnd of this deed, then
th~is deed and tjie estate hereby created shatt cea,se and be nult and void. ;
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,~ri~1 the said .hfort~cc~'or hereby eovenants mnd ca~ees:
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~ _l. To pay all and sin~tula~ the principal anci interest and other sums oj money ~
E payable by virtue of said promissorJ n-ote and this deed. or eith~er, prorrtptly on the ~
~ days respectively the same severally come due. ,
Q. To pay all and sin~ular the taxes, assessments, levies, liabitities, obli~ations
and encumbrances of eaery nature on said described property each and every, and
if the smm,e be not prorraptly paid the said JKortgcc~ee may at dny time pay the smme
without waivin~ or af~'ectin~ tJie opti,on to foreclose or dny right hereunder, and eaery
payment so ~rcade shalt bear interest fro~n the date thereof at the rccte of eight
peT cent. per annum.
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?'o pay all and sin~ular the costs, cha~ges arui P.xpenses, including lawyer's
fees,-rea~sona,bly incurred or pacid cit ctny tim,e by sa~id .1Kortgcigee because of the fa,iture 2
on the part of the said JKort~'agor to perform, co~nply with dnd acbide by each ctnd ~
every the stipulations, agreements, conditions and covenants of' said prurriissory note x
and this deed, or either, and every sueh payment shall becar interest frorri date cat the ~
~f e ight per cent. per dnnur?L. .
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~ To keep the building now or hereafter on. said land insured in a su»z. not
~ less than highest insurable value
~ Dollars, in a corr~pany or companies to
~ be dpproaed by said .Mort~'d~ee, and ~he policr~ or polici,es held by dnd paycable to scr.id
~ .JlTort~agee, and in the event any sum of morr.~y becor?ies payable under such policy or
policies, the .1Kort~a~ee sluitl haae the option to receive and apply the sdme on account °
of the indebtedness hereby seeured or to pernzit the .1Kort~a~or to receive ctnd use it, or
~ any ~art thereof, for other purposes, without thereby waiving or impairin~ any equity '
~ ti,en or right under or by virtue of this rnortgage, and maey place a~nd pay for 8uch <
insurdnce or ccny part thereof, without wa.iirtn~ or affeetin~ the option to foreclose or `
any ri~'ht hereunder, and ea,eh ctnd every sueh pa.~m,ent 8luall becir intereat frn~n dcLte :
at the rate of e ight per cent. per annu~n.
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