HomeMy WebLinkAbout2272 ~20.00 T
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~ ~ 5 ~ ~ ST::ART. Florida. ' ~~:Z~.1---..?....~ . . 19 ' ~
~ ~ "r'OR V~;,UE RECEIYED. !i• und~rsign~d. jointlY and swe~ally. PROMtSE TO PaIY to th~ ord~r of
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=~~.~Y BoswE~. . J~.__. .
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~~a_^.:y.. Tw.o ..~'hous~~d. S~ven ._Hundred..Tw~nty .and OO~lOO---------- DOLLARS. ~
~ O. Box 785 Pa? Cit Florida ~ ~
- ..........Y~..._.... . . . . or such other plac~ aa !he holder
~'1 hareo~ may designa!• in writiag, iog~lh~r with inierest Erom date at !he rate of 8 per centum per annum on th• unpaid ~
balanc• uniil maiu:itT. Th• said p:incipal s~d inieres! shall ba due and payable as tollows: ~
$5,680.00, together with interest at the foregoing rate, Julv 1, 1974;
$5,680.00, together with interest at the foregoing rate, January l, 1975;
$5,680.00, together with interest at the foregoing rate, July 1, 1975; and
$5,680.00, together with interest at the foregoing rate,.January l, 1976. '
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This indebtedness ma be re aid in whole or in
y p p part at any ti.me without
payment of penalty therefor.
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If d~fault 6~ ~w~~ .~K......... days ip th~ paraent ol ~~p iostall~eet o( Princi ~ part lsereef. t6e ~hel~ ~uw t~tn rNwainins ~
~~npaid ~ritA inle~~st ~haU ~t 6siJes~~ tiew becerne dw aaA P~ ~ iatertat or aa
op parabl~ ritAeut nolice. Failur~ te eaerc~s~ such oplion shall net co~stitute a wa:v~r o! tM
~ ~ rirht to ~xe~eis~ t6• aa~we ie tM ~~tn! of auAspwat de(au16 Alter maturity both principa) and accrued i~ler~at shall b~.~r intrres! at per ceetum
v~r ann~p~ uatil paid. T6• aaken ~nd rndo~sers ol thia aote IurtA~r oaive demand, notice o( non-pay~nent and protesl. It thia n~ i~ not paid
~-,aturit~ anr tAe aa~ne is placed rritA aa atterner ter collect~oe, the makers a ndorsers Ae?eot a~ree to pay all sta ot collect~on, includie~ s11 court ;
co.ts and re~soaabl~ altora~~ (e~s, n
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and shall duly, promptiy and fuli}' perform, discharge, execute, e[[ect. complete, compl}• with and abide b}' each and every
tl~e stipulations, agreements, conditions ated co~~enants ot said promiswr~• note and ot this mortgage, d~en this mortgage and
the estate hereUy crra~ed shall cea~e and be null aud ~•oid.
lt is understoocl that each of the Nords, "note;' "mortgagoi' and "mortgagee" respectivelY and the pronouns re[erring .
thercto, Mhether in the singular or plural an}~,rhere in this morcqage, sl~all be singular if onc onl?~ and shall I~e plural joiud~
and secerally, it more chan one, and shall be masculine, feminine and; or ucuter, where~•er the concext so implies or admics.
~nd said \Iorcgagor tor himself aud his heirs, legal repre,entati~•es, successon and assi~us, hereby cocenants and agrees
to and Mith said \tortgagee, his leRal representatices, succeswrs a~~d as,igns:
1. "I'o pay all and singular the priucipal and interest and the ~arious and sundry sum; ~~f moncc pa~able by ~irtue o[
' said promissory uote, and this mortgage, each and ecen•, prompdy on the days .respecci~~el~ the same se~•erally become duc.
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~ 2. 'I'o pay all and singular ehe taxes, ascrssments, levies, liabilities, obligations aud incumbrances of e~~er} uature anet
` kind noH on said described propert~, and/or that herea(ter ma?• be imposecl, su[fered, placecl, levied or assesseci thercupon.
aud(or that hereafter ma~ be le~ieci or assrssed upou this mortgaRe and/or the indebteclne+s ~ecured hereb}~. each and ever~~.
E N•hen due and pa~~aUle acFordiup to IaN, before the~• become delinquent, and be[ore anv iutrrect attaches or any penalt}~ is
incurred: and in so (ar as an}~ thereo[ is of record the same st~all be promptly s;~tisfird and discharqed of record aucl tl~e or-
; iginal o((icial document (,uch as, for instance, the tax receipt or the sati,faction paE~er officiaU~~ endurud e~r crrtifieet) shall
~ be placed in the hands oE sai~l \IortRaRee wichin ten da}s next a[ter p:nment; anci .in the e~~ent that am~ thereof is not so
~ paid. satistied and dischargect, said Vortgagee ma~ at an~• cime pay ehe ~ame or am• part thereu[ without Mai~•iuK or a[(rct-
= ing au)' option, licn, eyuit}• or right uncier or b}• ~•irtue of this murtga~e, and thc full amount ot cach and e~er}• sudi pa~•-
~ mcnt shall be immediateh• due aud pa.~able and shall Uear incerest from the ctate tl~ereot uneil paid :~t tl~e rate of teu per
centum per annum a~id to~;ether ~.ith such interest shall be secured by the lien o[ this mort~aRe.
~ 3. To place and contiuuousl}~ keep nu the buildings now or herea(ter situate on ~aid land fire and ~~~ind~torm insur-
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; ance i~z the usual standard polic}• form, ni a sum noe less than the hi~hrst insurable ~•alue, in such com~?an} or companies as
~ ma}' be appro~•eci bJ• said ~fortl;a~ee; and all such inwrance policies on any o( said builctinJ;s, au~ interest ttierein or part
~ thereof, in the aggregate sum a[oresaid or in excess thereof, shall contain the usual s~andard mortgagee dause makii.~g tl~e
loss uncler s:+id policies. each and e~ery, pacable to said J(ortgaRee as his interest maY ap~~ear. and each and ecer?~ sueh policy
~ shall i~e prompth• deli~~erecl to and held b~- said \(ortgagee; and, nc,t Iess than ten dacs in ad~•ance o( the expiration of eaeh
~ E~,lic}•. to deli.•er to said ~Iortga~ee a rene~al thereof, together with a rrccipt (or tl:c prcmium o( such renew•al: auct there
4 shall be no such insurance placed on any of said buildings, any interest therriu or part thereof, unless in the form and Hith
~ the loss payable as a(ciresaid: and in the e~•ent an}• sum o[ mone} becomes pa~~able under such polic}' or policies said ~tortKaRee
shall ha~•e the option to recei~•e and apply the same on account ot the indebteciness securecl hereb~• or to permit said ~tort~a-
~ gor to teceice and use it or an)- part thereoF for other pur~wses without thereb~ wai~•inR or impai: inK an}• equit}•, lien or
right under or b} ~'irtue of this mortRage; and in the e~ent said \(ortgaRor shall [or am• nawn fail to kcep the said prcmices
~ so insured, or fail to deliver promptly auy of said policies o( insurance to said ~Iort~aRee. or fail promptly to pay fully an}'
~7 premium therefor, or in any respect fail to perform, discharge. execute. eftect, crnnplete. comph- ~vith an~l abide by thi~ c~~~-
- enant, or any part hereof, said ~Iortp,ay,ee may place and pay for such insurance or any part thereo[ without waiving or
affeceing any option, lien, equity or right under or by ~•irtue ot this mortgage, and the full amount o[ each and e~•ery such
payment shall be immediatel} due and pa}able and shall bear interest [rom the date thereof until paid at the ratc of ten
per centum per annum and together with wch interest shall be secured by the lien o[ this mort~{age.
~ 4. 'To permit, commit or suffer no waste, impairment or deterioration oi said propen~• or an~ part thereof.
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5. To pay all and singular the costs, charges and expenses, induding reasouable lawcer's fees and cost of abstracts of
, title, incuned or paid at an} time by said \tortgagee because andlor in the ecent of the failure on the part oi the said
r` ~tortRagor to duly, prompdy and (ully perform, discharge. execute, e(fect, complete, comph• with and abide b~ each and
ecen• the stipulations, agreements, conditions and covenants of said promissory note, and this mortgage, any or either, and
` said costs, charges and expenses. each and e~ery, shall be immediately due and pa}•able, whether ~r not there be notice, de-
mand, attempt eo collect or suie pending: and the tull amount of each and e~•ery such payment shall bear interest from the
date thereof until paid at the nte of ten per centum per annum; and all said cosu, charges and expenses so incurred or paid.
~1 toRether hith such interest, shall be secured by the lien of this ~ortgage.
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