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HomeMy WebLinkAbout0971 X?G}C`ti..'ti~'~ ~ "~C{}= ~v~~h~~..~"Y+~C~ ~ti?'".~}O~.'?~ ~ ~ ~C~C~..."+C..'~'~'4CQL ~ . ~ _ 1 ; - -.1 ~ ` ' • sru~Rr. F?orid~. ~7~t1U3.n~~.. 19 - CR, .~LL.r~,~F~ ~("{,D, the undersiqa~d. joinllY and srveraUy. PRO.dISE TO p~iY !o !he order ot . ,..Yi~. - - L ~ << R _ _ _ - • 1li~~l:~3i S°~V _ ' .`!Qr'c.'C~ I I ~CC'il 7t~~ . I~r7i Iv~:rfl:~ . . . . . . ~ ~ ~ , J . Jh ~ a~.. ~ T i y~ Flo?_~i~a . . . .'.----------nvLh~as. : ; : _ ' _ . . ~ . . . . . . . oc such otke l t ~ . r p ace as • o er ~ rof may ;lesignalt in wtiting, logelhsr with inlerest i~om daie a! !he r~te of ~ per centum per annum on th• unpaid ~ ~:.~i_ince un:i[ maluritp. The aaid principal and intarest shall be due and pat.able as follows• ~ ::_?,~+~~.;5, to~~~her V~ich in~~rest Zt th-~ fo:e~;oin~ rate, JuI;; 21, Z97!,; ~ ~-',9~8.75, tagether ;rith ir_teresL at ~hz IOT'E'E;O~n;; rate, Jan~z~ry 21, ? 97~; ~'s ~=-=,9~8. ,75, together wit:~ interest at tre fore~oino rate, July 21, I975; anu = =-',9~8•75, togeth°r with interest at t?^,e foreooino r~te, Janu_~ry 21, 1y76. ~ i '::is i;_dzbtedn~s~ may be prep~id ~ n ~r:~o? ~ or in p~r~ any ti^~ :zfter ~ z ~f ~~~nusry 1, 1975, without payment of p~nalty therefor. ' ~ t~~ 3 ~i 1 il ~ '~t _ tl ~ !I . If de(ault b~ eead~ t~ .30... a.r, in t6~ payment o! any inatalls~ent of D~~~~P+1 or irtenat er ~ny part tLereof, the vrAole •us~ ts~n remaiains ~:nPaid witb :nter~st ah~11 ~t ho{der'~ option become dw rnd parable vritheut notice. Faiture to eaerciae auc!~ option shall not coeati[ute a raiver o( tA~ i=1 r~a~t to e~ercise the same in the evrnt of aubsequeet deFault. After maturity 6olh principal and accrued intereat sh~il b?.ir inter~~t at per centum F~ ; r~ annum until paid. The makera and endorsas ol thia ~ote (urther ~+ai~~ demand, notice of aon-wYmeot and protest_ !f tA:s no;e is not pa:d at , ~:~.turity and the same is placed wilh an attorne~ lor collecuon, the makers •nd endorsera hercut aSree to pay all cou~ ni collectien, lndudins court , co.ts and rr~sonable •tterner Iees. ~ ~i . i.i /s/ Floyd D. Jordan, Jr. . ~ . . . . . . ....._.(SEALI- . ~ Floyd D. Jordan, Jr. ~ ~ a . _ . . . . .._iSEAL) ' . . . . . . . . tSEAL1 ~ ~ li - i " ' . . . ......_.....(SEAL1 and shall duly, promptly and [ully pertorm, discharge, execute, effect, complete. comply kith and abide by each and e~ery the stipulations, agreeme~zts, condiiious and co.-ena~~u oE said promissory note and o[ this mortgage, then this mortgage and the escate hereby createcl shall cea~e aud be nuil and coid. It is understooci thac each oE the Nords, "note:' "mortgagor" and "mortgagee" respecticet}• and the pronouns referring ~ , thereto, whecher in the singular or plaral a~~ywhere in this mortgage, shall be singular if one only' and sl~all be plural jointly and se~•erally, if more than one, and shall_ be masculiue, feminine and; or neuter, ~rhere~•er the context so implies or admits. ~ And said Alor~gagor tor himseli and his heirs, legal representati.•es, successors aud ascigus, here~r co~•enants and agrees i to and with said ~(ortgagee, his legal represe»tacices, successors a~ed assigns: ~ ~ 1. 1o pay all and siugular the principal and interesc and the ~~arious aud sundry sums oi monc}' pa}~abte b~ ~•irtue o[ said promissor~• note, and this mortgage, each and e~•ery, promptlc on the days 7especti~•e1y the same se~•erally become due. s 2. To pay all and sinT;ular the taxes, assessments, le~~ies, liabilities, obligations a~id incumbrances of e~•et}• nature aeid iind noM on said de~cribed propetty, and; or that herea[ter ma~• be imposed, sufferecl, plared, le~•ied or assecsecl thereupon, andjor that hereafter may be le~•ied or assessed upon ehis mortgage and/or the indebtedness secured hereb~•, each and e~•ery, ~hen due and pa~able accorcfiug to laM, before they become delinquent, and before a~i}~ ineerese attaches or any penalty is incuned: and in so [ar as any theteof is o{ record the same shall be prompdy satisfieci a~id dischargeci of record and the or- igiual o[(icial document (such as. [or itestarue, the tax receipt or the satisfaction paper o(ficiall~• endorsed or certi[iecl) sl~all be placect in the hancls r,f said \(ortgagee Nithin ten da}'s next a[cer p:~.-ment; and in the e~enc tliat au}• thereof is not so paid, satisiicd and dixharp,ed, said ~(ortgagee may at any time pa~~ the same or an~• part therenf wiihout ~~ai~•ing or aEfecb ing au}~ option, lien, equity or right uuder or b}• ~•irtue of th~s mortqaRe, and the full amount o( each and ecei~~ such ~a~•- ' menc shall be immediatel~• due a?~d pa?•able ancl sl~a)l bear interest from ~he datc ehereo[ w~til };aid at che rate oi te~~ per centum per annum aud toge[her Mith such interest shall be secured b}~ the lien o[ this mortgaRe. 3. To place and continuously keer, on the buildings noN or hereaEter si~uate on said laud ti*e and Niudstorm insur- ance in the usual standard polic~• (orm, in a sum not less than the hiKhest insurable ~•alue, in suclx compaw?• or companies as may be apprw•ed by said ~tortgagee; and all such i~~surance policies on any of said buildiup,s, at~~- interest ti~erein or part thercof, in the aggregate sum a(oresaid or in excess thereof, ahall contain the usua) standard mortgagee clause making the lou:under said policies, each ai~d e~•erp, pa}~able to said ~tortga~ee as his interest m.i~• ap~~ear, and each and e.•er}' such policy shall be pmmptly deli~ereei to and held b~• said \fortgagee; and, not Iess than ten da~s in ad~ance of the expiration o[ each polic~, to deli~~er to said ~(ort~aQee a reneKal thereof, together with a receipt for :he premium of such renewal: and there shali be no such insurance piaceci ou any of said buildings, any interest therein or pan thereof, unless in the form and ~rith the Ioss papable as aforesaid; and in the event an~• sum o( money becomes pa}~able under such ~IicJ• or p~licies said ~(orcRagee shall ha.•e the opeion to recei~•e and appl~• the same on account oE ehe indebcedness secured hereb~~ or eo permit saiei ~tortqa- gor to recei~•e and use it or an~ part thereof for other purposes Without thcreby N3R'tll~ or impairinR any equitr•, lien or right undet or b}' ~-irtue of this mortgage: aod irt the ecent said llortgaRor shall for any scasnu tail to keep the said premises so insured, or fail to deli~•er promptly an}- o[ said policies of. insurance eo said ~Ioregagee, or fail proinpel} to pay fulh• any ' premium therefor, or in any respect [ail to perform, clischarge, execute. effect. complex. comph• ~.•ith and abide b~• this cov- enant, or any part hereoi, said Afortgagee may place and pay for such insurance or anv part thereot w•ithout waeving or a[fecting any opcion, lien, equity or right under or by virtue of this mortgage, and the tull amount of each and e~•ery such pa}~nent shall be immediatel~ due and payable and shall bear interest [rom the date chereof until paid at the race o[ ten - per centum per annum and together with such interest shall be secured by the lien of this mortgai{e, 4. To permit, commit or suf[er no waste, impairment or deterioration of said propert~• or ar~y part thereof. 5. To pay all and siiigular the costs, charges and expenses, including teasc~nabte law}er's fees and cost of abstracts of titie, incurred or paid at any time by said ~fortgagee because and/or in the e~-ent of tlie failure on the parc of the said \tortgagor to duly, promptly and Eully petform, discharge, execute, effect, complete, compl} with and abide by each and e~~ery the stipulations, agreements, co~ditions and covenants of said promissoty note, and this mortgage, any or either, a~d said costs, charges and e~cpenses, each and every, shall be immediately due and payable, Nhether or not [here be notice, de- mand, attetnpt to collect or suic pending; and the full amount of each and every such paymenc shall bear interest irom the date thereo[ until paid at the rate oE ten per centum per annum; and ali said costs, charges and expettses so incurred or paid, together with such interest, shail be secured by the lie~~ oE this mortgage. ' &OOII~ ~ ~J