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Home My WebLink About1850 ;~~i~i'SS~~~S'~r'~~S?SY"~'iS~i-Y?Ltif?S?ti~i~i~i~i~i~i~i~i~i~i~r~i~r~i~i~i~i~i~~~i~i<i~i~i~~~i~~~i~i~i~i~i~s~i~i~i~i~i~i~+~i~i~i~~~i~~~i~i~i~i~i~i~i~i~i~i~il'f_'i ~~i~i~i~i~i~i~i~i~i~• ~ . /~fl ~ S 422..OIIQ.IIQ_____.._-__ Stuart, Florida Osc~ak~er- ~ ~ 19 73- - FOR VALUE RECEIVED, th~ undersip~ed, ioiotlr and severally, PROMISE TO PAY to the or~er of _ B~tyN I~iAttTR C,71Dlp - ~so~T~~.__~.i~I~._~__~_P~nns,XlY~ni~. cQr~oration_..---- _ _ _ . ~ : ~ ------------------------------------F_4~IR._HUi~IA.I~ED..TWENTY._T1dQ__THQUSAND-_-----.-------..~~.._- - DOUARS. ~ at _2755_._F.___Q~~c~~~._~_~~k._&~Q~...__Ft,...Lau$srsiale~__.Florida_._._..o~ such ahe~ plscs as the holde~ henof may d~si~at~ in writin~ to~ether with interest from Lhs...dat8_hBreOf_ . at ths rsb of _.Q_ p~~ c~ntum ps~ annum on the unpsid bal~nce until matu~il~r. The said principal and inferest shall be dus and psyable as foliows: In five equal annual principal inatallmente of $84, 400.00 each, plus interest then due, beginning one year from the date hereof and con tinuing on the same day of each year until five years from the date hereof, a which time the entire unpaid principal balance and interest shall be gully pa d. The privileqe ot making payments in advance of the due dates without penalty s retained by the maker. 3 . ~ If d~f~vh b~ aud~ fot dyrs iw tM psynNnt of awr instaiirnent ef princip~l or inNnsf or any part tMr~ef, tM wlwl~ sv~u tMn nmsininy ~ unpsid wifh inMr~sf shsU at Iwld~e"s eplioe becaw~ dw +nd payabl~ witlaut wotic~. iailvn te ~:~rcis~ sucl~ optien shaN wol consti~w~ • wsiwr ef tM ,;yM p~:~reb~ tIN s~a» ia tM ~v~nt of s~bs~qw~t d~fauh. Aft~r ~natveity bolh princip~l snd sccnr~d inhnst shall bear int~r~s1 at 8 p~i e~ntv~ ~ per awnun~ uwKl p~id. TM wwk~es +ad ~edonen ef N~is eot~ f~rlMr w+iv~ d~mand, notic~ of nonpaynwaf ~nd p~ot~st. If tbis woN is ~ot p+id at ~ maNrifp and tM saww is p~+c~d with an ~ttern~y fw cotbctioe, tIN insk~rs and ~ndors~n Mrwf ay~ ro pay all cosb ef collection, includiny all court : cos~s sed haseesbb .no...r This note is subject t0 alI the t@1Ti1$ ~ provisiona, condi- ~ tion8 and covenants of a certain real estate mortgage securing the payment ~ hereof and bearing even date herewith made by the undersiqned to Bryn Mawr ~ Camp Resorts, Inc. ; t~t . , I~ a ~ . : ~ - - - - - (sEA~) : .M. R: t~1ELSON, indiviclually and as ~ Trustee _ _ - tSEI?~) ~ ~ - - - - . . _ _ ~ - - (SEAI) . ~ - - - - - . `ffifl~I~lfl~jflf,I~I~Ifi~1~~~I~I~IfI~~1~1~I~?~I~I~1~1~i~I~I~I~?~1~I~1f~~I~I i~~~i~~~I~~~~f1~~~~~~~~~?~~~~~~'~'~~~~~~~~~~~~~~~~~~~,~~~,~~~~~~~~~~~~~~~~~,~,~'~~~~~'~'~,~'~,~,~,~'~'~~~~~~~fr+~~ and shall duh•, promptl~~ and [ull~• per[orm. discharge, exectite, eftect, complete, compl}• ~~•ith and abide b} each and ecer) the stipulatio~n. agreements, condition~ anet co~euaut~ o[ said promisxwr~• note and of this mortRage, tLen this morcgaGe and the estate herebv crea«~1 shall cea>e and be null and ~•oid. It is u~~dersax?d that earh of the r~ords. "notc:' "mortgagor" and "mortgagee" respecti~el~• aied the pronouns refcrring thereto, ~~•hether in the sinqular or plural a~i~~vhere in this mortKage, shall be siugular i[ onc o~ilc and shall bt plural jointlc and se~•erally, if more than one, aud sl~all be mauuline, teminine and!or neuter. N•here~~er the coutexe x> impliec or admits. :~nd said \Iortga~or (or himsel( and l~is heirs. Iegal rep:e~eutatives, succeacors aud aSSiQus, hereby cocenanes and agrees to aud Mith said \tortgagee, his legal repmsentatices, successors and as;i~ns: 1. "I~o ~~a}• aU and siugular the principal and interest aad the ~arious and sundr?~ sum. o( mone~• ~~a~able b} ~'irtue oi satd promitiwct uote, and this mortgaRe, each aud e~•er~•, promptl}~ on the da}•s respecti~•ely t~~e same se~erall~• txmme due. ; 7~o pay all anc! singular die taxes, assessmcnts, le~~ics, liabilitics, obliRations and incumbrances o( e~en• nature and ' kind noH on said de~cribect pro~~ertv, and,'or that hereafter mav be imposed, su[fered, placecl, lecieci nr assrssed thereupou. ~ and'or that hereafter mac be le~•ieci or assescect upon this monRaRe aud!or the inciebtecincss secured hereb~~, each and e~-en•, ! • • • - j Hhen due and pa}-able accordiu~ to la~., hetore the~~ become delinquent, aud be(ore an?• intere~t attaches nr an~• pc~:alt}~ is ~ incurrecl: and in so far as am• thereof is ot record the same shall be pmmptly z~tisfied aud dischar~ed oI reeord aud tlie or- ~ iRinal ot(icial etocumeut (~uch as. (or instance, the tax receipt or tlie sati+[actin~i paper of(icialh~ enclorsrd or ~ertiGecl) ~h~ll ~ be placed in the hands ot said ~(~~rtQa~ce Mithiu ten da}~s next a[ter p:nment: and in thc c~•ent chat aur thereof is not so € paid, satistied aud dischargecf, said \lort~agee ma:~ at any time pa} the same or am~ part thereo( without Naicing or atfect- ing :u~~~ option, 1ien, equit}• or right under or b~• cirtue o[ thn mortgane, and thr full amou~et of each and e~-er~• ~uh pay- ~ ment shall be immediatel~ due aud pa~•able anct ~hall bear intcrest (rom the date tLereof ~ntil paid at the rate of tca pcr ccntum per annum and toRcthcr with such iutcrest shall be secured b}• the lien of this mort~aRc. ~ 3. To place and rnueii~uouslc keep on the buildings now on c~rcaftcr situate on s:aid laud firc aud wind.torm iusur- ~ ance in the u,ual standard policr f~irm, in a sum not less than ihe 1?i~hest insurable calue, in such com~~ain or cumpanies as ma} be appro~•ed by said \(ort~agee; and all such insurance policies on an}' o( said buildinp,s, an~ interest therein or part ~ therc~f, in the a~~eRate sum Tresaici or in excess thereof, shall contain the usual staudard mortgaRee dause makiug the ~ lo,s w~der said policies, each and ecen~, pavable to said ~lortpagee as his interesc ma~~ appear, and each and e~~er~- wch policy shall be promptl~ delieerect to and held b}' said VortKagee: and, not less than ten daJ•s iu adcance oi the expiration of each ~ Ix,licc, eo deli~~er to said ~[ortgaRee a reuewal ehereo(. together ~cith a receipt (or ~he prrmium o( such rene~.•al: and there ~ shall be no such insurance placed on any o( said buildings, any interest therrin or part therc~f, unless in the form and with ~ the loss payable as aforesaid: and in the ecene an}• sum of mone} becomes pa}•able under such polic~ or ~wlicies ~aid \IortfiaRee ~ shall ha~-e the option to receire and apply the same on account of the indebtedness secured hereby or to permit said ~lortga- ~ ~or to receice and use it or an}' part thercof for other pur~x~ses Nithout thereb~• ~cairin~; or impairinR am~ equitJ•, lien or ~ right under or by ~'irtuc o( thi~ mortqage: and in the e~~ent said ~(ortgagor shall for any rcason fail to kecp thc said premises so insured, or fail to deli~•er ~romptly any of saict ~licies o( insurance to said ~1ortRaqee. or fail promptl~• to pa}• tuU~~ any premium therefor, or in auy respect [ail to per[orm, discharge. execute. effect, complete. compl~ NI[Il :i~'.(I ~bide b.• this cm•- enant, or any part hereof. said A(ortqagee may place and pay for wch insurance or any part thereof Nithout wai~•ing or a(fecting any option, lien, equity or riRht under or by ~irtue of this mortgaRe, and the iull amount of each and e~ery such payment shall be immediateh• due and payable and shall bear interest Irom the date thereof untit paid at the ratc oE ten ~x per centum per annum and together with such interest shall be secured by the lien of this mortqaqe. ~ 4. To permit, commit or sufFer no waste, impairment or deterioration of said propert}• or any part.thereof. y 5. To pay all and singular the costs, cl~rges and expenses, induding reaconable lawyer's fees and cost of abstracts of title, incurred or paid at any time by said ~(ortgagee because andlor in the e~•ent of the (ailure on the part of the said ~ ~(ortRagor to duly, proropdy and fully pedorm, discharge, execute, ef(ect, complete. comply with and abide b}• each and e.•cry the stipulacions, ay,reements, conditions and coce~~ants of said promis~ry note, and this mortRage, any or either, and - ~ said costs, charges and expenses, each and every, shall be immediately due and payable, w•hether or not there be notice, de- ~ mand, attempt to collect or suit pendinq: and the [ull amount of each and every such payment shall bear interat from the ~ date thereoE until paid at the rate of ten per centum per annum; and all said msu, charges and expensf.s so inturred or paid. ~ toRether N ith such interest, shall be securcd by the lien of this mortgage. ~ ~a gooK 221 P,~~E 1850 . - ~ _ : - :ti~