HomeMy WebLinkAbout2169 ~rDUldpd M11U~llj~. tlEat if sai~ .~Iortga~or s/tall ~uy rt?ito th~ suirl .hta•t~s«¢E•e '
the certuin proniissurj nu~e, o~~ tl'Il1CI1• tltP. ~OZIUII~ii~~ iie. wurcls c~?ic~ jig«res is ~e trtce cupJ,
to wit:
PROMIS30RY NOTF. '
~ 1, 040, 73~. 75 Orlando, Florida April Z, 19 74 ~
FO~t ~~ALUE REC ED the de i ed iointl a d verall romise ls) 1o ih o er of ~
C. g. ALLgN AND COi~AN7[; a~or~~'a abspdvrantion a~ ~o an unc~i~cied ~3f ~ inter~~t,
CHRI3TIB POLIT S, as to an undivided 1/5 intsrest and 8~iS3T POLITIS, as to
ar~ undivided 1~5 int~reat,
~AN~p As us e, A F1 rida Banki o io
or ai-suc-Fi-pr_ce
~e hol~r(s~ o~f this no~e may dest--sn~te~°n~?r~g, ~e principal sum of
ON~ MILLION F'ORTY THOUSAND S$Vffid HUNDRSD THIRTY FIVS li1ND 75/100 DOLLARS
to~ether ~vith interest thereon from Apr. Z,1974 at the rate of 7 per annum on the unpaid balance
until paid.
Interast ahall be payabla anaually and prinaipal shall be payable tan per
cent (101) anaually for •even t7) years con~ansncinq ono year from date hereot
and the remaininq thirty per cent (30~) o! psiacipal plus accrued intereat
sh811 be due snd payable on or belor~ 8 years atter date hersof.
There shall be no prepayment permittad oA thie note until after December 31,
1974 and after eaid date thi~ note may ba prepaid in ~vhola or any part thereof
without p~nalty at any time or ti~aes.
If default be made in the payment of ~any installment under this note and if such default is not made good
~vithin days~ all principal and interest due hereunder shall bear interest from date of defautt at the highest
le~al rate and the entire principal sum and accrued interest shall become due and payable without notice at the op-
tion of the holder(s) of this note. Failure to exercise this option shall not constitute a waiver of the right to ex-
<<•cise the same at a later time for the same default or for any subsequent default. In the event of default in the
~ayment of this note and if same is collected by an attorney at law, the undersigned hereby agreels) to pay aA ,
costs of collection including a reasonable attorney's fee. Presentrnent. protest and notice are hereby waived. `
This note is secured by a~iret ;
mortga e of even date on real estate in S/ Gordon S. Nutt (SEAL) :
S t. Luc~e County, Florida and the
T
terms of said mortgaqe are (SEAL) ;
incorporated herein by reference. ~
( SEAL) _
r ~ r-
ntrcl s)rall perjo~na~ conipl~/ re•itlr ~rnc! aLicle b~ e~eh and eierJ the stipulations,
agreements, conditio~rs and coc~cnants of said promissory note and of this deed, then
thi,s deed and tlre estate herebJ created shall cease and be null a~ad void.
' ,t~It~ the said J~fort~agor hereby covenants and dgrees:
i
~
~ .1. To pay a1l and sin.~ular the pri»rip~l and int~rPSt and ~tlt~r su.m.s aj mone~
i paJable bJ i~irtue oj s~iiJ prnmi.ss~~rJ n~t~ ~nrJ this de~~l, ~~r Pither, pr~~niptlJ ~~rt tlte
daJs respectiz%elr~ the sa~nc> ser~erallJ conce clue.
To paJ all und sinsulor tlce taxc~s, ascessm.en.ts, ler~~:~s, li~ihil.iti~~s, nbli6at.ions
u»~I encumbrances oj ei?erJ ~zatr~re on sai~l described prop~rtJ ea~h. anrl er~ery, anc~
if the same be not promptlJ pat,id the said .1~tort~agee may at aeny time pay the sdme
with,out waivin~ or a~ectin~ the option to fore~se or any right hereunder, and every
pcayment so made shall bear interest frnm the d,ate thereof at the rate of seven
per ce~at. per annum.
?'o pay alt and sin~ular the custs, charg~s and expe~ises. i~rclrcdin.~ law~er's
fees, reasonably incurred or pa~id cLt any time by sc~id .lfort~a~ee becaccse of the fvcilure
on the part of the sacid .hfortgct~or to perfor»t, co~rcpl~ uzth. a~ad abide by each ctnd
every the stipulati,ons, ci~reement$, conditions and coaenants of said prumissoiy note P
and this deed, or either, ccnd et~ery such pctyment shctll bear int~erest from date itt the ~
rate of seven per cent. per annum. ~
. ;
~ F
To keep the buildins now or hPreajter ~n s~~ul land iiisured in a su»~ not
~ less Ghu~a
~ Doll~rs~ in a cumpan,y or c•ontpanie,s to
~ be dppruved by sc~id JKort~agee, and the poliey or polici,es held by and payable to said
~ Jrlortgagee, and in tlae eUent any sum of monoy becomes payable under sueh. policy or _
policies, the .~Kortgagee shatl have the option to receiae and ccpply the sarrte on accounE
of the indebtedness hereby secured or to permi-t the JKort~agor to receive and use it, or
any pctrt thereof, for other purposes, wi`,hocct thereby tvctivin~ or impairing' any equity
lien or ri~ht under or by airtue of this mortgage, and may place ctnd pay for such ;
insuranee or any pcart thereof, without waiaing or af~eetin~s the option to foreclose or ~ '
; any ri~ht hereunder, and each and eaery such pctym,ent sit~ll bear interest from date ;
at the rc~te of seven per cent. per annum. :
.
BO~t ~~~f s
d:
~
kh-' M' . . I ,N ~ ~
'~{r ,.°'.er -xl. ~ y: .
_ . . _
_ .m.._ . _ . _