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Home My WebLink About1023 : 4~~..05....... sru~ar. Fio:~aa. . Apri1. .18 ~9 ~.3.. . _ _ _ . ~ FOR VALUE RECEIVED. !h~ undersiqned, jointlY and s~~erally. PROMISE TO P1~Y to ihs o:d~r o! AA~RA.. McHBILL.. YOW . . . . . . . _ . . . . . . ~ S event T~ro...Thoue,and.. S.ix.. Hundre.d...Se.uent. . ~o. . and . .O.S,/..10.0.-.--.-.-.---.-.- noLLxRS. ~ at 3.7~1. ~~e 8.,_BOLIl v_.rd. Jack nville._..F~Q~~da._.322i0_.. ....o::u~h oibe: plac~ as 1he holder ~4'. 9 ...........4...~! . . a...... . . ..~4......... . ` hereot m~Y desigaat~ in wriiia9, loy~ih~s wtth inieres! irom dafe at !he rate oi _ 7~. per centum per annum on !he unpaid balanc~ until maturit~. Th~ said priacipal aad interes! shall be duc and payable as tollows: ~ ~ ~ In five, equal, arinual installments of $14,534.41 each of prineipal toqether with interest t2~en due, beqinr~ing on the 18th day of April, 1974, and continuing annually thereafter until both the principal and interest are fully pafd. This note may be paid in full at any time without penalty. Partial payments of principal may be made without ' payiaent of penalty on or after January 1, 1974. ~ 1( delault bs made (or . days in the parment o( anr installmant o( principal or ielerest or anr part t6ereot, t6e whole sum tAen remainins unpaid vith interest shall ~t helder ~ option become due and parable ~rithout notice_ Failure to exenise sucA option sAdl not cona[itute a:ve~ ol the risht lo exenise t6e same in the e~ent of subsequeat delault. Atter maturity bot6 principal and accrued int~rest shall br.~r iaterest a[ 7~.per centum yer annum until paid. The makers and endorsers o) this note lurther raire demand, notice of oon-paymeat and protest. 1/ th:s eute is not paid at maturity and the same is pl..ced r:th an attorn~r lor collection, the makc~s ~nd endorscrs ti~reo( a;ree to pay all coets o( collectioc, ~ncludint all court costs and reasonable attorner (eet. . ~ s/ Richard Verbic tsEaL~ - - . . . . _ _ . . ~ Richare~ Verbic, as Trustee - . ~ ~ _ _ _ _ _ . . _ _ _ . - _ _ _ _ (SEALI _ _ _ ss-~ f-" ~ r ~r~ ~ _ l 7- « <<~~ - - ~ and shall duly, promptly and Eully perform, discharge, execute, eEtect, complete, comply with and abide by each and every the stipulations, agreements, conditions ar~d rnvenanu 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 understood that each of the words, "note;' "mortgagor' and "mortgagee" respecti~•ely and the pronouns referring ~ themto, whed~er in the singular or plu~al anywhere in this mortgage, shall be singular if one only and shall be plural joindy and severally. if more tha~? one, and shall be masculine, feminine and/or neuter, wherever the context so implies or admits. ; And said \fortgagor for himsel[ and his hein, legal representatives, successors and assigns, hereby tovenants and agtees to and with said \tortgagee. his legal representatives, successors and assigns: 1. To pay all and singular the principal and interest and the ~~arious and sundry sums of money payable by virtue of said promissory note, and chis mortgage. each and e~ery, prompdy on the dars respectively the same se~erally become due. 2. To pay all and singular the taxes, assessments, levies. liabeli[ies, obligations and incumbrances of every nature and ~ kind now on said described propertr, andJor that hereafter may be imposed, su[fered, placed, levied or assessed thereupon, ~ and/or that hereatcer may be le~~ied or assessed upon this mortgage and/or the indebtedness secured hereby, each and e~ery. ` l when due and payable according to law, beEore they become delinquent, and before any interest attaches or any penalty is 3 ~ incurred; and in so Ear as any chereof is of record the same shall be prompdy satistied and discharged o[ record and the or- s ~ iginal otficial document (such as, [or instance, the tax receipt or the satisfaction paper ot[icially endorseci or certi[ied) shall : f be placed in the hands of said ~[ortgaget within ten days next after paymenr, and in the event that any thereof is not so ~ I paid, satisfied and discharged, said ~tortgagee may at any time pay the same or any parc thereof without waiving or affeca ~ ing any option, lien, equity or right under or by vinue of this mortgage, and the full amount of each and every such pay- ~ ment shall be immediately due and payable and shall bear interest from the date thereo[ until paid at [l~e rate of ten per ~ centum per annum and together v?ith such interrst shall be secured by the lien of this mortgage. - ~ 3. To place and continuously keep on the buildings now or hereatter situate on said lar~d fire aud wi~idstorm insur- ' ance in the usual standard polic7 torm, in a sum not less than the highest insurable ~alue, in such company or companies as _ may be approved by said Mortgagee: and all such insurance policies on any of said buildings, any interest therein or part ; thereof, in the aggregate sum aforesaid or in excess thereoE, ahall contain the usual standard mortgagee clause making the loss under said policies, each and e~ery, payable co said ~tortgagee as his interest may appear, and each and every such policy shall be prompdy delivered to and held by said :~(ortgagee; and, not less than ten da}s in adcance o! the expiration oE each ; policy, to deliver to said ~fortgagee a renewal thereof, together with a receipt for the premium of such renewal; and d~ere 3 shall be no such insurance placed on any of said buildings, any interest therein or part thereof, unless in the form and with i ehe loss payable as aforesaid; and in che event any sum oE moner becomes payable under such policy or policies said ATorcgagee : ~ shall have the option to receive and apply the same on account of the indebtedness secured hemby or to permit said 1ltortga- ~ ~ gor to recei~e and use it or any part thereoE {or other purposes without thereby waiving or impairing any equity, lien or ~ right under or by virtue of this mortqage; and in the event said Niortgagor shall for any mason Eail to keep the said premises ~ ~ so insured, or fail to deliver prompdy any of said policies oE insurance to said htortgagee, or fail prompdy to pay tully any ~ premium therefor, or in any respect fail to per[orm. discharge, execute, eftect, complete, comply with aud abide by this cov- t enant, or any part hereof, said Mongagee may place a~d pay for such insurance or any put theteof without waiving or } ` afiecting any option, lien, equity or right under or by virtue of this mongage. and the fuU 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 cmmm per annum and together with such interat shall be secvred by the lien of this mongage. ~ 4. To permit, commit or suffer no wute. impairment or deterioration oE said property or any part thereof. ~ 5. To pay all and singular the cosu. c.turges and acpenses, including reasonable lawya's fees and cost of abstncts of ~ title, incuned or paid at any time by said Mortgaget because and/or in the event of the [ailure on the part of the said ~ bfortgagor to duly, prompcly and fully perform. disthuge, execvte, effect. complece, comply with and abide by each and every the stipulations, agreements, conditions and covenants oE said promissory note, and this mortgage, an}~ or either, a~td said cosu, chuges and acper?ses, each and every, shall be immediately due and payable, whether or noc ehere be nocice, de- ~ mand, attempt to collect or suit pending: and the full amount of tach and rvery such payment shall bear inttrest from the dace thereoE until paid at the nte of ten per oentum per annum; and all said oosu, chatga and acpensa ~o incurted uz paid, - together with such interest, shall be xcured by the lien of this mortgage. ' ; : ~213 ' ~ ` _ _ ~u~. s~ _ ~