HomeMy WebLinkAbout1852 ; a, wv. uu _ lY,n. i ~i. ~ 9~-s .
FOR VAIUE RECEIVED, ths undersipned, jointl snd severally, PROMISE TO PAY to the order of :
; RO~~~t~ . W. ~!'~W~LI. a~d ~~T'I ~ M. IVLA?XW~LL, his wite :
~ Ivlne ~ hou~a~d a~d NQ/100-- - ~ottaRS, ~
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: at R. ,R. ~u~ L4t 1~=~J, C~utaoor ReSOrtti, ~j~ll;~en T~=ach, Fl?.. or suci~othe~ place as the holder ~
hereof msy desig~~ts in writing together wilh interest f~om ~IarC~l 1974 R
at the rate of 8. . per centum per annum on the unpaid balance until maturity. The said principal and interest shail ~
be due and payable as follows: ~
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$211.3? a month, the flrst payment beinq due ne month from date~ and continue R
for each month thereafter until paid. Ttii of $211.37 paid each month sha:ll
first be credited to interest and the ainder the principal of this obliqation. ~
This note may be prepaid at any t! ithout pe lty. ~
tf d~fault be mad~ for 30 da • in tM a menl of an ~ns IlineM of rinzi sl o int~r~s~ er sn ~
r P Y Y~ p p y parl t6ereof, fh~ whol~ sum th~n remai~iny ~
~npaid wi1A ief~r~s1 shall at hold~r's option beco~n~ dua aYabl~ with t notic~, Failura M xerus~ such option ~ha8 noi conslit~te waive~ o{ ~h~ ~
~.ig6t te •x~rcis~ f6~ sam~ in th~ sr~nt of svbseq dtfa . Afts~ rna rity bofl~ principal and accru~d inter~sl s6a11 bea~ ieter~st at ~ per centum ~
~ per snnuen un1i1 p~id. ih~ mak~n and ~ndon~rs this n furth~r w ive demand, notic~ of no~-payment and prolest. If tl~is note is no~ paid at
~ mafurity ~nd tM san+~ is plac~d wi1A an sttorn~y fo colle , Ih~ make~s and eedorsers h~reoi agr~~ to pay all cos?s of celtection, including all court ~
~ costs and ~easenibb attorn~y h~s.
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' Alyn T. Tanis (SEAL) ;
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Attest: (SEAI)
Peqqy A. Janis ;
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- - . _ . (SEAI) :
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and shall duly, promptly and fully perform, d~scharge, exrcutP. effert, comptet~, ~rnmply w~th and abide by eaeh
and e~•er~ !he st~pulat~ons, agrecments, rond?tiuns and covenants ut satd promissury note and of Lhis mortgage.
then this morigage and the estaLe hereby created sh:ill cease and be nul] anu t~oiil.
It is underslood that each of• the ~~•ords. "note." "mortgagor" and "mort~agee" respecti~•ely and the pron-
ouns rnferring thereto, whether in the s~i~~llar or plural anywhere in this mortgage, shall be smgttlar if one only
and shall be plural jointl~• and se~•erally, if mure than one, and sh:tll be inKSCUline, feminine and/or neuter, ~aher-
e~•er the context so implies or admits.
And said Mor[gagor for himself and his he~rs, tegal representatiaes, successors and essigns, heteby coven-
ants ana agrees io and with said 1?iortgagee, his tegal representatives, ~ucr~~ssorw and assigns:
1. To pay all nnd singular the principal and interest and the various and sundry sums of money payable by
viriue of said promissory note, and this mortgage, each and every, promptly on the days respectively the same
se~-eratly become due.
2. To pal all and sinRutar the taxes, asses-~ments, levies, liabilities, obli~ations xnd incumbrances ot e~ery
nature and kind now on said described properly, an~l or that hercatter may be imposed, auffered, placed, le~~ed
ur assessed thereupon, andior that hereafter ms~ be I~•~•ied or ~~~~~saed upon this mortgage and;'or [he indebted-
ness secured hereby, each and e~-er~•, ~chen due aud j~ayable acror~iin~ to Iaw, before they become delinquent,
and before an~ interest attaches or an~• penalty ~y incurrc~d; and in so far as an} themot is of record the same
shaI1 be promptly satisfied and disrhar;,ed oC recor.l :ued the on~ina! official document {such as, for iustance,
the tax receipt or the satistact:on paii~r offic:aUy en~iors~rd or certifi~d? shall be placed in the hands of said
~tortga~ee w-iihin ten days next after [~aymcnt; and in the c~•ent that an~ thereaf is not so paid, satisf~ed and
discharged, said ~ir,rtRa~ee n~ay at eny t~me pav the s;~me or any part there~f ~~-ithout w-ai~~ing or af[ect~ng
: an) ~pti~n, lien, eqwty or n~ht und.,r or b}• ~~irtsi~ of thtis mortG:i~;•~, nnd the full amount of each and e~•ery
' such paymen[ shalt bc immediat~ly 4u<~ and ~~ay:~AiF ;end shs!! bear in!cr~s( from the date thereof until paid
E at the raie of ten per cFnturn per annum and t~~~~~th~•r .~-~th such interest shall be serured by the licn of this
€ mortgage.
; 3. To place and cont~nuously ke~p on the bu:l~i~nrs nuw or hereafter sltuate on said tattd fire and u~inds2ortn
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~ insurance ~n the usual standard p~~lf~'t• fnrm, in a ~i~m n~~t less than S ~~~l~~ in such com-
pany or Comp~ :,i~~s ~s n~at• bc approtr~l t~y sa:~t ~1~~r';;~_~ e: an t ati suc~h insur.~nce policies on any ot said build-
ings, any intPrest there:n or }~art thereoi, in th~ 1;:~r~•~;ite surti atorP?a~d or in excess thereo[, shall contain the
t usual standard m~rt~xgee ~~laase mak~n~ t}:e l:~~s ur.~l~•r s:ud policirs, eai•h and e~•erv, payabte to said Diortga-
i gee as his interes: ma~• anpear, an.i ~ach :i::~l F•i•,y: s;,~ h p~~l,c~ ~hall be promptly dcl~~•ered to nnd held by said
~ 111ort~agee; and, not le~s than ten +lavs in ad~an~~e ~~f tlie ~•xpiratinn ~~f each Fwl~cy. to delivPr to said btortRa~ee
t a renen•aI thereof. t~~e[her ~~•ith a rece:p2 f~~r th~ prPminm ~~l ~~u•h rrneu•al: and there shsll be no such insur-
ance placed on an~• ~f ~aid buildin~s, any ~ntrrect ih~r~in ~r rart ther~~of, unlc~y in the form and with the 1~s9
` pa~•abie as aforesa~d; and in the e~~rnt an~• sum of mnn~~ becnmes payablP tmder such policy or ~+oliciev said
t :4iort~a~ee shal! hare Lhe onti~~n tu r~•~-e~r,~ and :3n}~Iti• the ~m~ on a~~count ot the indebtedness secured hereby or
to p~rmit sa;d ~tort~a~c~r to rF~ei~•~ ;?mi ~~sP it or any ~ari thercof for other pur~wses without thereby waiving
; or impairing ant equitv, iien ~r ri~ht undrr .ir by ~•irtue of th~+ m~rtgaRe; and in the e~•ent said I?fortgaKor shall
for ar.~~ reas~~~ fail t~ ke~p the sai;! pr,~m~~~•s sn in~ur~d, or fail to deli~~er promptly an~ of saicl policies oL
insurance to sa~d 1t~rt~aQ••e. ~r ftit prompil~~ t~ ~~:~v f~llly any premium therefor, or in any respect fail to per-
; form. discharFA, exe~~«,e. Fff~~ri, con~pl~tP. ~omply ~~zth and abi~lc b~ this covenant, or an)• part :~ereof, said ltortg-
{ ager may placP an~1 pav fnr snch in~~tranre or any rart thFreof avilhoiit kaiving or atfectinR any option, liPn,
equity or r.~hf und~•r ~r b~• ~•irtue of this mort~a~;e, an~l thr full arno~int of each and ever_y such paym~nt shall
be immediately duP an+i payable and shaU bear inr..~rPSt from the date therno[ until paid at the rate of ten per
centum per annum nnd toK~th~r «ith auch interest shall be secured by the lien of ihie mortga~e.
4. To permlt, commit or suffer no w•tt.ste, ~m~airment or deterloration of said property or any part thereof.
's 5. To pay all and sin~ular the rosts, char~es and expenses, includ~ng masonab(e Iswnrer's tees and cav[ of
' ab9tracts ot title, tn~~irred or paid at any tlme by aald I?t~rt~a~;ce because and%or in the event of the failure
on the pa:t ot the said ~tort~ay;or to dul~, promptlp and [ully peKorm, dlscharRe, execute, etfect, complete,
comply w-ith and abide by each and evrry the s,ioulations, agreements, eon@ittons and covenant9 of 4aid promfs-
' aory note, and Lhis mort~;ake, any or eith~r, Eu~d s:iid cnats, char~es and eapenses, each and every. shall be im-
5 mediately due and paexble. K•hether or not the~e be noGce, demand, attempt to collect or sult pendin~: and the
full amount ol each and every 9urh pay-meni shx!) bear intereai frnm the date thereot unttl pafd at the rate of
ten per cenium per annum; and all satd coste, charqe~ and expenaee ew lncurred or paid, together K~th auch in-
terest, shall be aecured by tha tten of ihis mortgage.
i C ~r ~ 224 FALE~~~~
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