HomeMy WebLinkAbout2075 ~ ~ ~ ~.~~-w~.r ~..av~ ~ . i. i ~ r ~Y - s -a I
the cerlain prorn~tt~/ note, of whrch tht follou~iie~ in u~ornis a~ccl ~+t~t~~~es ia ct tri~e ruJ~y,
to wit: . . . . . _ i
--~r~u.wsHr Hors ~
= 10. 000. 00 Fort I.auderd~lq Fiorida~. Anril ~ -;19~
For value received the uadersigned pacomises to pay to the order of
RICHARD J. CORY ~d I~ARCH A. CORY. 6it wit~.
tho ~acipat sum of Ttn Ttion~and add 00/100 ~:10, 000.00
togetl~er with interest thenon fmm datq at tbe rate o~~per ceat, per until maturity, ~d intered
being paYable ~tmi•....,~]y oa ~he l~t ~y of Octob~t~, l~t' wid ~IS[t~e'
each year; both principal and interast bein8 PaYAble in luwfd monoy of die United States or its equival~t, at_____
~ddN~~ d~~i~t~d bY D~,1N ~1 P~PV sum to be pxyxble on the dates aad in d~e
amounts specified below, tawit:
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g T~n Thou~and Dollac~ (510,000.00) loc 6~~u~~plns inter~~t ~t tht ratt at 7 1!~
~ p~r amum. pyrabl~ a~ tolLow~:
Z ~ ~ •
a a <
o Z ~ i. Pcin~cipal p~yrm~nt ot On~ Thon~saod Dollar~ (~1.000. 00) plo~ int~r~~t on Octob~r
~ ° < 1, lYZS.
~ <
~ ~ Z. Principai pa,m~nt ot On~ Ttio~uaed Dollara (=i, 000. 00) plw iot~h~t on March
1, 1Y~4, and One Thon~and Dollar~ (ii, 000. 001 pl~u int~r~~t ~ach ~i~c monthi
th~r~a!'ter tmtil h~lly paid.
~aicer ~hall ha~~ the pri~rile~e ai pr~pyranent siter ? snaar~r i, 1974
Esch maker aod endo:aer severallr vnives demand, Pmtest and notice of m~turib. ~-P~Y~at or P~at aod all re~ai~emmb neoessary ~0 6old eaeh
of tLem liabk as make*s aod e~odorsers. ~ -
oE this note o~r an~7 wYmen~on
tLe priua'pad~or a~nr ~temt~~ is aot
paid ~ respn,five oa~tLemof.R~~n~~beoosa~~ece~rY bp poEx~
tbe seaerity bereaf, w6et6er snit 6e bmuEbt or mt /
Tfiis note and defene~i~r b shall bear iuterest at the rate ~L ~ i Pti' «ef. re..mn. croa m.writ, mm p.w.
'I~ aotr is aeaued br alSS~S~ilio~itsa~e of e~ea date hnewith ~od L m be oo~trncd ~ad enforeed ~ooocdios 1o tie Lws af tLe Shb oE PSo~idr
upoo deEault iu the P~Ymmt oE w~+P~1 aod/or iaterest due m~nr oote secured by s~id Mortf~r, tli ootes so aeta~red~ mpaid iWl Eat\-
with become due ~and~ QaYabk notwit~adins t6eir teoor. lf wY ~ma~nt af v~P~ or ieee+yt remai~s mp~id Ear rt a[ter a~me• beoooa
due, the ent'ue prineip~l anm ud ~cctned ioterest thereoa s6a11 farthwith be~roo~e dne and P~ri~•'
~ ,sg,,~.> STEIL OIL G~OMPANY. INC.. :sg„~.~
,s~,,,,~ $~r /s/. James W. Steil ,S~
Pr~~idwt
~ dnd slaall perform, comply urith, and abide by each ccnd every the stiprclations, agree-
ments, conditions a~id covenants of said j~romissory note and of th,is deed, then tiris
I~ deed and the estate laereby created shall cease and be nult and aoid.
,t~1t~1 tlte said .1Kortga~sor hereby covenants and Qgrees: _ •
1. To pay dtl aru~ sin~icla~r the principal Qnd interest c~nd other stcros of money
payable by virtue of sacid promissory note and thi.s aleed, or either, promptly on the
da,ys respectively the sdme severally come due.
2. To pa.y ctlt and sin.gzclar th.e taxes, assessments, levi.es, liabilities, obli~c~tions
and encum,brances of every natc~re on said described propertrj eacJr, and every, and if
the sQme be not promptly paid the said .~ortga~see may at any time pay the sacme
witJtout waiain~s or ctfj~'ecting the option to foreclose or dny right herercnder, and every
payment so made slucll bear interest fi
ont tlre date tliereof at the rate of 7 1/2% per
cent. per annu~n.
S. To pccy att and singcclar the costs, char~es and expenses, including launfer's
fees, rea.sonablr~ incurred or paid at dnJ time bJsaid .~iortg'a~see becaccse of the failure
on the part of the said .Alort~a~or to perform, complJ with and abide by each dnd
~ euery the stipul,ctti,o~zs, conditions ar~d covenants of said prontissory note and this ~eed,
or either, and everrJ sucJc payment sltall bear ircterest from date at tlae Tate of -
~ 7 1/2% per cent. per ctnnurra.
To keep tlie builalin~s now or lr.ereafter on said land insured in cc surrt not less
than higheat insurable value ~lla~s, an a company or companies to be
approved by said .Mort~a~ee, ctnal the ~lolicJ or polici,es hel,d by and paJable to said
Mortgagee, ctnd i» the event ani~ ,u,m of moneJ becomes paJable tcnder such policy or
policies, tlce ~lort~agee shall lrave tlre option to receive ccnd acpply the xa-me on ccccount
of tlie indebted~aess JeerebJ ~ec~cred or to pernait f,lre .hiortgdgor to receive and use it, or
dnJ pacrt thereof, for other prcrposes, withor~t t/eerebJ tvaiving oi~ i~npairing a~ay eqtcily
li,en or ri~ht rcnder or LJ virtrce of this ntort~cr.ge, a~~d may place and paJ for 8uch
insurnnce or acnJ ~~art thereof, without waiviiag or a.jj'ectin~ t/ie option to foreclose or
acny right hereunder, ctnd euch ctnd ever~J scicfi ~xtJinent sh~tll beacr intereat fron~. dctte
act the rnte of ? 1/2% per cent. per annum. BOOK~I~G FaCE~75
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