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HomeMy WebLinkAbout1018 = 72 ~ 67Z.05 STUAAT. Florida. . . AFr.~.~.. .18. i~3 , FOR VALUE RECEIVED. ib~ undersigncd, joinUY and s~~erally. PROMISE TO PlIY !o ihe o:d~s o! . . . ; __~AG~~...i~~I~.I~.. ~ . . . . . _ i _ Seve~~y..._~Q...~ho~a.ans~.. S.ix...Hundre.d .S~e.uent. ._.~ro._-and.. 05/10.4+~.*w~e~w~.+w~~.w~we DOLLlIRS. at Indian Point Lane,.___ Riye.;~~:ci~,~._._Gp:p~~~t.iCU~....Q.6~878..... o: :uch ozbe: p~ac• as ihe holder . hereot maT de:ignat~ in writing. loy~ih~r wifh inieres! irom dat~ a! !he rale ot ....7.~. per centum per annum o~ the unpeid balanc~ uniil maturtt~. The sald ptipcipal a~d interes! shall be due and payablc as follows: . In five, equal, annual inetallments of $14,534.41 each of principal toqether with intereat then due, beqinning on the 18th day of April. 1974, and continuinq•an~nually thereafter until both the principal and intereat are fully paid. This note may be paid in full at any time without penalty. Partial paymente of principal may be made without - payment of penalty on or after Januaiy l. 1974. ~o P II detaull be madc tor ...3 0...... dars in tbe payment ot any instaltment of principal or interest or anr part t~ereof, the wSole sum the~ remainins unpaid vit6 intertat sAall ~t holder's option Aecome due and parable ~ilAout notice. Failure to csercise such option shall not conalitut~,xa ~raiver oI lhe ritht to exenise the sawe in the e~eot of subsequent default. Alter maturity botA priocipal :nd accrued interest shall b~..r inter~st at per centum yer annum until paid_ The makers and endorsers o( ihis nole lurlher w~ive demand, eotice o( non-paymeat and protest. It this note ~s not paid ~t ~naturity and tAe same is placed ~.ith an attor~ey tor cotl~ction, the makers and endorsers hereof a~ree to pay a!1 cost~ o( cullection, includin~ all court costs .nd reasonable attorney fee~. s/ Richard Verbic ~sEAL~ _ _ _ . i c•~ LS 2; ~~,~..fc~ lticliarii ~erbic,. as Trustee r ~r _ l~. _ . _ _ _ . . . _ . _ _ _ cssaLi rcraT ~ ~ and shall duly, promptly and [ully pertorm, discharge, execute, eftect, complete, rnmply with and abide by each and e~ery the stipulations, agreements, rnnditions a~ld co~•enanu of said promissory note and of this mortgage, then this mortgage and ~ the estate hereby created shall cease and be null and ~•oid. ~ It is u~iderstood that each of the words, "note.° "mortgagor' and "mortgagee" respectively and the pronouns referring ~ thereto, Mhether in the singular or plural anywhere in this mortgage. shall be singular iE one only and shall be plural jointly ! and severally, i[ more than one, and shall be masculine. feminine and/or neuter, where~~er the context so implies or admits. And said \(ortgagor [or himselE and his hein, legal representatives, successors and assigns, hereby co~enants and agrees to and with said \iortgagee, his legal representatires, successors and assigns: l. To pay all and singular the principal and interest and the various and sundry sums of money pa?~able by virtue of said promissory no[e, and chis mortgage, each and e~•ery, prompdy on che days respecti~•ely the same severally become due. , 3 i 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations aud incumbrances of e~ery nature and : kind now on said described property; and/or that herea[ter may be imposed, su[fered, placed, levied or assessed thereupon. ~ ~ and/or that herea[ter may be le~ied or assessed upon this mortgage and/or the indebtedness secured hereby, each and every. ~ I, when due and pa}able according to law, before they become delinquent. and before any interesc attaches or any pe~ialty is ~ incurred; and in so tar as any thereof is of record the same shall be prompdy satisEied and discharged of recard and the or- iginal official document-(such as, for instance. the tax receipt or the satisfaction paper o[ficially endorsecl or certitied) shall ~ be placed in the hands of said 1~tortgagee within ten days nexe after pa}~ment: and in the event tha[ any thereoE is not so paid, satisEied and discharged, said ~tortgagee may at any time pay the same or any parc thereot without waiving or atEect- ing any option, lien, equity or right under or by vinue of this mortgage, and the full amount o[ each and e~et} such pay- ` ment shall be imme~iately due and payable and shall bear interest Irom the date thereof until paid at the rate of ten per ' centum per annum and together with such interest shall be secured by the lien ot this mortgage. ~ 3. To place and continuously keep on the buildings now or hereafter situate on said Iand Eire and windstorm iusur- ance in the usual standard policy [orm, in a sum not less than the highest insurable value, in such campany or companies as may be appro~•ed by said ~iortgagee: and all such insurance policies on any ot said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall tontain the usual standard mongagee clause making the loss under said policies, each and e~•ery, payable to said J(ortgagee as his interest may appear, and each and ecery such policy shall be pmmpdy delivered to and held by said \tortgagee; and, not less than ten days in advance of the expiration of each policy, to deliver to said Atortgagee a renewal thereof, together with a receipt (or the premium of wch reuewal: and there shall be no such insurance placed on any of said buildings, any interest therein or part thereoE, unless in the Iorm and with the loss payable as aforesaid; ai~d in the event any sum of money becomes pa}'able under such policy or policies said Atortgagee. shall ha~e the option to receive and apply the same on account of the indebtedness secured hereby or co permit said \tortp,a- gor to receive and use it or any part thereoE for other purposes without thereby waiving or impairi~~g any eyuity, lien or = right under or by ~irtue of this mongage: and in the event said 1lfortgagor shall tor any reason tail to keep the said premises ~ so insured, or fail to deliver prompdy any oE said policies of insurance to said ~fortgagee, or fail prompdy to pay fully any premium theretor. or in any respect tail to perform, dischazge. execute, effect, complete, comply with and abide by this cov- ~ enant, or any part hereof, said ilfortgagee may place and pay for such insurance or any part thereof without waiving or ~ a(Eecting any option, lien, equity or right under or by virtue of this mongage, and the full amount oE each and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per centum per annwn and together with such interat shall be secured by the lien oE this mortgage. 4. To permit, oommit or sufEtr no waste, impairment or deterioration of said property or any part thereof. ~ 5. To pay all and singular the tosu. charges and expenses, including reasonable lawyer's fees and cost of abstracts of tide, incurred or paid at any time by said 1?fortgagee hetause and/or in the event of the failure on the part of the said ~ Dfortgagor to duly, prompdy and fullr perform, discharge, acecute, e[fect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note, and this mortp,age, any or either, and said costs, chuges and expenses, each and every, shall be immediately due and payable, srhether or not there be notice, de- mand, attempt to mllect or suit pending: and the full amount of each and every such payment shall bear interest irom the date thereoE unq'I paid at the nte of ten per centum per annum; and all said aoats, chuges and ezpenses so incurred or paid, together with such interat, shall be secured by the lien of this mortgage. ~ o R 13 P~10~7 = BOOK ~ - _ - - - ~ti:.