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Home My WebLink About0331 ~s'.'.~'.Q~i~.~.4•.~.•.•.•.L•.'.~.•.•.•.•.'.•.•.'.•.•.•..•.•.•.•.•.•.•.•.•.•.•.•.•.•.•:.•.•.•.•.•.•.•.•.•.•.•.•.•.•.•.~.•:.•:.•.•.•.•.~.•.•.•.•,•.':.•.•.•.•.•.•.•.•:.•. ~ S 653, 760.00 Stuart, Florfda Aug~st 1 9 19 73 ; ~ FOR VALUE RECEIVED, the undarsi~ned, jointly and severally, PROMISE TO PAY to ths order of ' ,i THE __KIPLINGER__ WASHINGTON._ EDI_TQRS, Delaware cnrporatiaa ~ SIX HUNDRED. F2FTY T~iREE,_ THOUSA~yp_ S~VE.y _HUNDgEp gIXTy and 00/IOQ---------DO~tARS, ti - at ~~.~9 _ ~ sl'f-~ 1~T4 p~~; Z~ Q b or such other place as the holder 4 hereof may des~nat~ in w~itinp together with inte~est from Al1g1LBt. ~9 _ 1973 ~ at ths rats of __.__~_25.- _ . psr centum per aneum on the unpsid balance until msturitJ. The ssid principai snd interest sfialt ~ be due and payable as follows: In five {5~ equal annual instr~llments of $130.752.00 each~ ;;plus intereat then due, beqinning on the Z.~ day of Auc~ust, 1974, and ~ .~contfnuing on the same day oP each year th reafter until the principal a~nd ~ ;~interest sha21 be fully paid. This note 2nay b~ nrepaid in full at any time ;;without penalty, or ia part at any time after January l, 1974, without ~ penalty. ~ ~ ~ If d~fauh b~ mad~ for 3~ d~rs in ~h~ payment oF any instsll~nt of principsl o~ inhrnf or ~ny ps?t ~Mrwf, 1M whob su~w fl~~n n~nsinie9 unpaid with int~r~st shall a~ hold~r's option p~co~ne dw swd payabb w~lhout 1lpflt~. Fi1IYt~ fo ~:~rcis~ sucA option sAaN nat constituN a waiv~r of tla ~ .igh~ to ~:~rcis~ tM saaM in fh~ ~renf of subs~qu*nt dsfaull. Afrer matvrity bot4 principal and accrwd inMns~ flull b~a~ inNr~sl at 7. 25 p~? c~nt~m ~ pcr awwww wlil p~id. iM mak~n ~rtd ~edon~n ei this noN f~rSMr waiv~ d~mand, notic~ of nowpsy~et and prof~tt. If thi~ nOf~ is no~ paid at : msfvrify ~!Iw ssw~ is pluad with an ~rroMer _ro. colbct:on, th~ +aa4~rs :nd ~ndo~sen h~r~o1 iQrN ~e wr aN costs of eoFbcfiew. indrdiny all cwrf ~ co~?s snd nswn+bb aMOrn~r FNS• 'j'hi8 note is sub ject to },~1Q t@rlll$ ~ p=ovisionB, COY1-' ;;ditions and covenants of a certain real estate mortgage securing the payment ~.hereof and bearing even date herewith made by the undersigned to The Kiplinqer,: ~;'ti'ashington Editors, Inc. t• . . • , . ~ S - ---0 ~E: ~ ~ _ (SEAL) : Jon N . Berkey xxx ; ,~~++e.~. _ o i-l~rJ__ L • ,_~tJ 1J.6-_~T' . - - ts~,>~) ' << ohn L. Hannett, both in their i~dividua~l _ capacities and as Cotrustees without personal lfabilit~s~y~~ ; _ - - , - ~ ?~Ii~ tfI/IfII/III~1~~./IIIIIIIIIfII~I~~~II11II1I I~I~fI/I111f~11/IfI11II1111I/1I1I1I/IfI9IIIf/ I~ r 1 . . ~ s~i ? ~ I ? ~ r ~ s ~ ~ O~~ ? ? ~ ? ~ ~ ~ ~ ? ~ ~ ~ ~ ~ ~ ~ ~ ? ? . ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ? ~ ~ ~ ~ ? ~ ~ ~ ~ I ~ ~ ~ ~ ? ~ ~ ? ~ ~ ~ ~ ? ~ ~ ~ ~ ~ ~ ~ ~ . . ~ ~ ~ ~ ? ~ ~ ~ and shall duh•, Promptly~ and futi~- perform. discharge, ezecute, e(fect. com~tete, compl~~ with and abide b}• each and every the stipulationc. aprermerus, conditions aud co~enau~s of said ~~romissun note and o[ this mortRage, cl?eu ihis mor~ga~e and the e+tate herebc created sl~all cea~e, an+i be null aud ~oid. It is underttond that carh ot chc words, "notc;' "mortgagor" and "mortgafiee" respectiveh• and the pronouns referreng thereto, ~.•hethcr in the singular or plural amwhcrc in this mortKa~;e, shall bc singular i( our oul~• and sh~ll be plural jointh• and sC~•crall~•, it more than one, and shall bc mauuline, femininc anci!or ncuter, Mhere~~er the contezt so implies or admits. :~nd said \tortga~or for himcrl( and his hcirs. lc~;a) repzc-e++tati~es, suuessots ancl assiK»s, hereb~~ co~~enants and agrees to and r.ith said ~Iortga~ee, his lepal representati~~es, successors and as:iRus: ~ 1, 'l~o pa~• all and siu~;ular the pri~ecipal and interest and thc ~arious aud sundr~• sum. o[ m~nc}• ~~a~ablc b}• ~•irtue ot said ~uomiswre note, and this mortgage, each and e~•en~, promptlq on the da~•s respecti~•el~• the ,ame seceralh~ become due. 7'o Fiav all and sinRular the taxes, assessments, le~•ies, liabilitics, obli;atio~~s and incumbrances of c~•er} nature an.t kind no~c on 'said de•cribed propern•, :?ud; or that hereaQer may be impnsrd, suffered, placed, le~~ied or :~ssessed thereupou, and,'or that hereafter may be Ie~•ieci or asse,ced u~n this mortGape anctior the ineiebtecfne,s secured hereb~•, each and ecer~~, ~chen due and pa}able accordin~ to ia~e, be[ore d~ep become delirtquent, aue! l~etore at?~• i~~terest attac}iec ~r an~• penalt~• ic i?icetrrtd: a~td in sn far as ai»• thereof is of record the same shall Ue prompth• satistied and dischar~cYl o( record and the or- i~inal u(ficial document (,ueh a;, f~rr instance, the tae receipt or the s.ui,faction paper officialh• end~~rsed or certiGedj shall be placed in the hancls ot saic! ~(~rtQaRee H•ithin ten days ~?ext after pa~~ment: ancl iu the e~•ent that an~• thereof is not sv paid. s.uis(iect and discharRed. said \(ort~agee mac at any time pa}' the same or auv part thereof Hithout r+ai~•inR or a[fect- in~ a~i}~ option. 1iei~, eyuit}' or riRht u~~der or t»• .•irtue o[ th~, mortga~e. a~td the full amount o( each and e.~en• ~uch pa~•- ment sLall be immecliateh• due and pa~~able auct ~hall bear interest tr~?m the date thereo[ until E~:~id at the rate of te;? pcr ccntum per annum and to~ether with such incerest shalf be secured b.• the lien of this more~age. 3. 'I'o placc and miitiuuoush- kcep on the buildings now on c~reafter sicuate on said L•uid (iic and ~viud.torm iusurv ance in the u.ual stand:~rd ~licy torm, in a sum not less than ~he i~i~hest iusurable ~~atue, in such com~,am or eum~~a~ties as ma}• be aPpm~•eci by said lfort~;aRee; and all such insurance policies on an}• of siid builcliu,~s, an~• iuterest tl~erein ur part ' ~hereof, in the a~GgreRate sum atoresaicl or in excess thereoF, shall contain the usual stauctard mortgagee dause making the ~ lo.ti u~~der said policies, each aud ecery, pa~able to said ~tortga~ee as his interest ma}' appear, at~d each and e~•err such policy ` shall be promptl~ deli~ered to a~~d held bJ• said i(ortRaRee: and. not less than ten cta~•s iu adcance o! the expiratiou of each ~x,licy, to deli~•er to said ~(ortgaRee a rencH•al thercot. together ~,ith a receipt (~r the premium ot such renewal: and there shall be no such insurance ~~laced on any of ~aid buildinRs, any interest there:n or part therm(, unless in the Fottn and with the loss payable as a(oresaid: and in the e~-ent an~~ sum o[ money becomes pa~~able under such polic~• or ~x~Iicie, said Uon~agee shall ha~e the optio~~ to recci~•e and apph• the same on account of the indebtedness secured hereb~~ or to ~ermit said 1lortga- - Ror to receice and use it or a+»• part thereof for other ~~ur~oses M•ithout thereb}• ~rai~•iu~ or impairi~~~ anv cquic~~, lien or ' ri~ht under or by ~•irtue of this mortqage: and in the e~~ent said ~tortga~;or shaU [or am~ tcawn (ail to kecp the said premises ; so insured, or fail to deli.•er promptly auy ot saiQ policies ot iusurance to said \(ortRaRee. or tail prompety to pay futl}• auy premium therefor. or in any respect fail to per(orm, disd~arge. execure, effect, comptete, c~~mpl~ H•ith and abide b.- this cm•- enant, or any part hereo[, said 1(ortgaRee may place and pay !or such insurance or any part thereof Nich~,ut N31\7i7~ or affecting any option, lien, equit}' or riRht under or_by vinue of chis mortgaRe, and the full amounc of each and every such payment shall be immediately due and payable and shall btar interest from the date thereoE un[il paid at the rate of ten } per centum per annum and together with such interest shalt be secnred by the lien of this mortp,age. I 4. To permit, commit or suEfec no waste, impairment or decerioraeion of said propert~• or any part thereof. ; 5. To pa}• all and singular the costs, charges and expenses, includinR reasonable lawyers [ees and cost o[ abstracts o[ title, incurred or paid at any time by said ~fortgagee because and/or in the e~•ent of the failure oi~ the part of the said ~fortqagor to du1y, proroptly and tully perform, dischargt, execute, eftett, complete, comply with and abide b~• each and e.•ery the stipulations, aqreements, conditions and co~•enants of said promiscory note, and this mortpage, any or either, and said costs, charges and expenses, each and ecery, shall be immeciiately due and pa~able. ~.hether or not there be notice, de- mand, attempt to collect or suit pending: and the full amount of each and e~•ery such payment shall bear interest from the date thereof until paid at the rate of ten per centnm per annum: and all said costs, charges and expenses so incurred ps paid, ~ together with such interest, shall be securcd bp che lien of this morcgage. ~ _ . 800K~~ PAGE eh~l ~ .,r~ > « ~ ~ - - _ . _ ~ '~a.a 5.'~ k - -=:a-~.".