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HomeMy WebLinkAbout2348 30 175.00 srvAar. Florida. .....March .11...._._~........... 1s.74 . F . h~ nod~rsi~n~d. ~oiaflt tnd s~~~tallr. PROMt3E TO PlIY !o fh~ osdtr ot..._.. ~$~'`~b~~~° ~R. ~'~fiirty?~~'~housaric~~-brie~~I~undred~ ~Seventy.-Pive,..and._ ,no~l00ths.-.--,.,,--,-,-,,,.,..-.---,.,, aor.r.~as. P . ~ •..~~ox~ 78~~._~a1m~C it.~l.,.~Florida....~..._ _ os sueb o1h~r plaa as !}u boldu _ . h~no! eaaT d~si9est~ ls w~We~ lo~aW~s wilh lat~r+s! trom dat~ at tb~ :at~ oi.....8....._ ...per centum p~s u~num on i1~ uapaid b+a4ap ~atll muurll~~ '1'~ saW p=ledpai and iat~sK! a1~aU b~ du~ and paYabl~ as tollows: ~7,5~3•75, together with interest at the foregoing rate, September 11, 19?4;; $7,543•?5, together with interest at the foregoing rate, March 11, 1975; $7,543•?5, together with interest at the foregoing rate, September 11, 1975; and ~7,543•?5, together with interest at the foregoing rate, March 11, 1976. This indebtedness may be prepaid in whole or in part at any time without - payment of penalty therefor. If ~et~ult M wi~ IK ---...~0_. ~p~ i~ tM N7Mwt ~ MIr ~st~llMSt ~t PrinciNl or iateeest er ~wp part t6erMf. tL~ vAsl~ ww lA~a ree~+dit ua?~Y ~riti ieten~t ~MU ~t MI~~ a~tiw M~e~~ Jw a~ ~a~a~M ~ritl~t wetk~. Falion te e~KCia~ suc6 optiar a6d1 wst eea~Ntub a ~dwr eI t~e rir\t ts ~~Kis~ N~~ ~rt iw tA~ ~~ewt e( iu?sp~wt ~e(adt Att~r ~wAt~ botl o?iaclPal aad ace~ued interest aAall bear i~teeest at .............pK es~tu~ wr aanww ustil ~aii. TL~ wk~n ~w~ e~sa~• el Wis ~ote IurtMr ~rd~• d~ wotlce on-parmest and p?et~st. 11 Wls Nt~ Is wo! ~t maturit~ aed th~ sa+we is ~las+~ ~rfeL w atter~r IK collectiew, th~ ~s ~ ?e~ to pr all cests ol coll~ctio~. includia~ a c~nrt costs ~uJ nuowa?M attKSq t~a. . _........._..._.--•--............__........l3El~t.1 CoPy o ~ Mesner ; and shall duly, promptly and [ully perform, discharge, execute, eEfect, complete, mmply with and abide by each and every the stipulatious, agreements, conditions and cocenana ot said promissory note and ot this mortqage, then this mortgage and the estate hereby created shall cease and be uull aad ~•oid. It is underscood tleat each of the words. "note;' "mortgagor" and "mortgagee' respecti~~ely a~~d the pronouns re[erring thereto, Nhecher in the singular or plural an},ahere in this morcgage, sl~all be singular if onc only and shall be plural joindy and se~erally, if mu~e than oue, and shall be masculine, feminine andfor neuter, hhere~•er the context so implies or admits. And said ~lorty,apor Eor himsel! and his hein, legal represeutati~•es, successors and assigns, hereby co~•enants and agrees _ to and with said \lortgagee, his legal representatices, suttessors and assigns: ~ l. To pa~~ all and singuLir the principal and interest aud the ~~arious and suudry sum; oi money pa~able by ~irtue ot said promissor} uoee, and this morcgage, each and e~•ery, promptly on the daJs respeccively the :ame se~•erallp become due. 2_ 'I'o pay all and singular the taaes, assessments, le~•ies, liabilities, obligations and incumbrances ot e~•ery nature and kind now on said de:cribed property, and;'or that herea[ter map be imposed. su[(erecl, placed, le~•ied or assesseci thereupou, andJor that hereafter may be leeieci or assessed u}wn this mortRage and/or the indebtedness secured herebv, each and e~-ery. If when due and payable according to law, be[ore they become delinquent, and be[ore an~• iuterest attaches or au}• pesialty is ~ incurrecl; and in so (ar as aoy thereo[ is of record the same shall Ue promptl} satisfied and discharged o[ recurd and the or- j iginal otficia! document (.uch a;, for instance, the tax receipt or the sati+(action paper oE(icially e~~dorsed or certi(ied) shall i be placecl in [he hauds of saict \lor[~agee ~sithin ten days nexc a[tcr pa~~ment; and in [he e~•ent that auy thereo[ is ~tiot so paid, satisfied and discharged, said \tortgagee ma~• at an~ time pay the same or auy part thereo( withoat Naia~ing or affect- iug any option, lien, equit~ or righe under or by ~•irtue o[ thts mortgage, a~~d the full amount of each auci eeer}' such pa~- ment shall be immediately due and payable and shall bear interest trom the date thereot u~~til paid at the rate ot tcu pcr centum per annum and eogether ~+ith such interest shall be secured by the lien~of this mortgage. 3. To place and continuously keep on the buildings now or hereafeer situate on said laud (ire and ai~~dstorm ie~sur- ance in the usual stand:+rd policy torm, in a sum not less than the highest insurable ~•alue, in sucl~ compan~ or compa:~ies as may be appro~•ed by said ~tortgaqee; aud alt such insurance policies on any o[ said buildings, any interest t~?erein or pa.t . tl~errnf, in the aggregate sum aforesaid or in excess thereof, shall contain the usual stanclard mortgagee clause makiug tl~e loss under said policies, each and every, pa~•able to said ~(ortgagee as his ineerest ma~• appear, and each and e~~ery such policy shall be promptly delivereci~to and held by said ~Iorcgagce; and, noe less than ten days ~iri aci~•ance of the expiration o[ cach polic}~, to deliver to said ~tortgagee a reneNal thereof, together with a receapt f~r tl:e prrmium of such renekat: and there shall be no such insurance placed on any o[ said buildin~rs, any interest therein or part thereof, unless in the forn? and with the loss payable as aforesaid; and in the e~•ent any sum o( money becomes payable under such policy or policies said ~(ortgagee shall ha~•e the option to recei~•e and apply the same on account o( the indebteciness secured hertby or to petmit said DlortRa- ~ gor to receive and use it or any part thereo[ for other purposes without thereby Hai~~ing or impairing anc equity. lien or right under or bp ~irtue oi this mortgage: and in the e~ent said :lfortgagor shall for any rrawn fail to keep the said premises ~ so insured, or fail to deliver promptly an} of said policies of insurance to said \fortgagee, or [ail promptly to pay fully any premium ehere[or, or in any respect fail to per[orm. discharge, e~ecute. effect. complete, comply ~vith a~~d abidc by this co~•- enant, or any part hereof, said ~tortgagee may place and par for such insurance or any part thereof withuut ~+ai~•ing or af[ecting any option, lien, equity or right under ot by ~irtue of this moTtgage, and the full amount of each aud every such : pay-ment shall be immediately due and payable and shall bear interest irom the date thereo[ until paid at the ~ate o[ cen ~ per centum per annum and together with such interest shall be secured by the lien of this mortgage. ~ ~ 4. ?o permit, commit or suffer no wute, impairment or deterioration of said property or any part thereoE. ~ 5. To pay all and singular the cosu, charges and expenses, induding masonable lawyer s iees and cost o[ abstraccs of title, incurred or paid at any time by said Mortgagee because and/or in the e~•ent of t1~e tailure on the part of the said ~tortgagor to dulr, prompdy and fully perform, discharge, execute, e(tect, complete, comply with and abide by each a»d every the stipulations, agreements, conditions and covenants of said promissory note, and this mortgage, any or either. and _ said costs, charges and expenses, each and every, shall be immediately due and payable, whether or not ehere be notice, de- mand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the ~ date thereof until paid at the nte of ten per centum per annum: and all said oosts, chuges and expenscs so incurred or paid, together with such interest, shall be secured by the lien oi this mortgage. S ~ gfl~225 P~2342 ~ . - _ ri.: ~ . _ ~ - ~ ~ ~ ; 5 ~ " ~ r . _ _ ~ ~