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Home My WebLink About1013 . 5...2Q2....~..~?.'~~....9Q STUlIRT. Florida. ........APr11...18.~.................... 19...T.3.... FOR VALUE AECEIVED. the under:Iqncd, iointlY and se~orally. PROMISE TO PAY !o ths order ol ...LAWRENCE McNEILL~ ~ . ~ao Hundred Two Thousand Five-Hundred ~`_~,~~y...~~,y.~.---,-.-_-.-.-.---.-.-.---.-.-.-- DOL~.ARS, . . . . a! .......o: tuch otbes place as !he holder e: centum es snnum on 1he unpa i hereoi msT designai~ in inritiaq. loqeihes with interest irom dale a! th~ rale of.....7.~.....p p ~ balance un2i1 malurliT. ~ The said p:incipal and inte:es3 sball be due and payablo as follows: Iri tW0 ( 2~ equal, ~annual installments o~ $27,731.18 of the principal plus interest then due ~ . on the first and second anniversary of the date of this note and thereafter in three equal, annual installments of $49,031.18 of the principal plus interest then due on the third, fourth and fifth anniversary of the date of this note. Interest shall be payable annually on the anniversary date of this note on the unpaid balances of the principal. This note may be prepaid in full at any time without penalty. Partial payments of principal may be made without payment of penalty on or after January 1, 1974. t i ' . ~ ~ If de(ault be msde for ...30...... da>s in the parment ot aay inatallment o( principat o~ intereat or anr part ts~reof, the wholt ~um the~ rea~+inin~~ ' ~~~paid wits interest shal! ~t holdei~ option become due wnd parable vithout eotice. .Failure to e:erciae such option ~I+w11 rot conatitute~~ va:ve~ o( t'~s r~iAt to e:eeeiae the samt in~the event ot suAsequent detault Atter maturity botb principa! and accrued intcrest sAatl l,~ n inte~~st at p~r c~nti~a i ~ ycr annum uatil paid. The makers and endorsers o( this note lurther vraivc demand, notice o( noe-paymeat and pr:•~est. tt this nuie ia not wid ~l ~ n,aturity and the saiue is placed with an attoraey tor eollectioa, the makers and endorsers hercot .a~~se to par all costa nt c~liect~un, includins all coi l~~ ~ costs and reaaonabie attorncr [ees. , s/ Richard Verbic ~ ° , ~J7~,ti~ ~ ~ix ~n . . .__~SEA~.~ ~ , ~ Richard Verbic,_as Trustee i . ~i~ ~ k K ~~a~ ~-~TE + ' ••••----------------------•-•••-•---••..._...-•.•-...._...---•-••••-••--..._....•---.......-•••-•--...................(SEALI ~ ~ 1 COPY ~ ~ ~ ~ Il ..._.._(SEAL) rl . and shall duly, promptly and [ully perform, discharge, execute, e[fect, complete, mmply with and abide by each and every the stipulations, agreements, conditions a~~d covenants oE said promissory note and of this mortgage, then this mortgage and the estate hereby aeated shall cease and be null and void. It is understood that each of the words. "note." °mortgagor' and "mortgagee" respectively and the pronouns referring ; themto, whether in the singular or plural anywhere in this mortgage. shall be singular. if one only and shall be plural joindy ~ aud severally, iE more than one, and shall be masculine, feminine and/or neuter, wherever the rnntext so implies or admits. And said 11lortgagor [or himself and his heirs, legal representatives, successors and assigns, hereby co~enants and agrees to and with said Alortgagee, his legal representatives, successors and assignr. ~ ; 1. 'I'o pay all and singular the principal and interest and the ~arious and sundry sums of money pa~able by virtue of said promissory• note: and this mortgage, each and e~~ery, promptly on the days respecti~ely the same se.erally become due. 2. To par all and singular the taxes, assess~nents, levies, liabilities> obligations and incumbrances oE e~•ery nature and kind now on said described property, and/or that hereaiter may be imposed, suf[ered, placed, levied or assessed thereupon. , and/or that hereafter may be levied or assessed upon this mortgage and/or the indebtedness secured hereby, each and every. t ; wheo due and payable according [o law, before cher bernme delinquenc> and before any interest attaches or anp penalty is ~ incurred; and in so (ar as any thereof is ot record the same sLall be prompdy satistied and discharged o[ record and ehe or- ~ iginal official document (such as, for instance, the tax receipt or the satis[action paper o[ficially endorseci or certitied) shall ~ be placed in the hands of said ~[ortgagee within ten days next aiter payment; and in the event that any thereoE is not so paid,.satisEied and discharged. said ~fortgagee mar at any time pa} the same or any part thereof without waiving or af[ece- I ing any option, lien, equity or right under or by virtue of th~s mortgage, and the fuli amount o[ each and e~•ery sach pay- mern shall be immediately due and payable and shall bear interest [rom the date thereot until paid at the rate of ten per - ~ centum per annum and together with such ineerest shall be secured by the lien oE this mortga~e. - ~ 3. To place and continuously keep on the buildings now or hereafter situate on said la~~d fire and wi~~dstorm insur- ance in the usual standard policy form, in a wm not less than the highest insurable value, in such rnmpany or companies as may be approved by said Diortgagee; and all such insurance policies on any oE said buildings, an~ interest therein or part thereof. in the aggregate sum a[oresaid or in excess thereof, shall contain the usual standard mortgagee clause making [he loss under said policies, each and e~•er}, payable to said ~tortgagee as his interest may appear, and each and every such policy shall be promptly deliverecl to and held by said ~(ortgagee; and, not less than ten days in ad~•ance oE the expiration of each policy, to deliver to said riortgagee a renewal thereof, together with a receipe for the premium of such renewal; and there shall be no such insurance placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any sum o[ money becomes payable under such poliry or policies said Afortgagee shall have the option to receive and applr the same on account of the indebtedness secured hereby or to permit said rfortga- gor to receive and use it or any part thereo[ for other purposes without thereby waiving or impairing any equity, lien or right under or by virtue of chis mortgage; and in the eti•ent said 111or[gagor shall for any reason fail to keep the said premises so insured. or fail to deliver prompdy any of said policies of insurance to said Diortgagee, or tail promptly to pay tully any ~j premium therefor, or in any respect fail to perform, discharge, execute, eftect, complete, comply with and abide by this cov- ~ enant, or anp part hereof, said Mortgagee may place and par for such insurance or any pazt thereof. without waiving or ~ affecting any option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and every such ~ paymenc shall be immediately due and payable and shall bear ineerest irom the date thereof uncil paid at the race oE ten ; ~ per centum per annum and together with such intetat shall be secvred by the lien of this mortgage. j 4. To permit, commic or suffer no wasce, impairment or decerioration of said propeny or any pan thereof. ~ ~ ~ 5. To pay all and singular the rnsu, charges and acpenses, including reasonable lawyet's fees and cost of abstncts of ~ title, incurred or paid at any time by said Mortgagee because and/or in the event of the Iailure on the part of the said ' ~ ~dortgagor to duly, prompdy and inlly perform, discharge, acecute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditbns and oovenants oE said promissory note, and this mortgage, any or tither, and said costs, chatges and expenses, each and every, shall be immediately due and payable, whether or not there be notice, de- ~ mand, attempt to rnllect or suit pending: and the full amount of tach and evety such payment shall bpr inten~st from the ~ date thenoE until paid at the nte oE ten per centum per annum; and all uid oosts. charga and expen:a so inturred or paid. ~ together with such interat, shall be secured by the lien of this mortgage. ~ BUOK~~~ ; - - . -