HomeMy WebLinkAbout2354 ;..j:y.f.:7..~t.~.e.V~ aav~sna• s~vs..... .............z:
FOA VAI.U~ RECLIVED. tb~ wid~rst~a~d. ioiallT and s~~~raAr. PROAIISE TO PJIY fo ih~ ord~r ot
PERRY BOSWELL..._!7R r
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.__.Ninetpen...Thousand,.Five.,,Hundred..~renty...FivQ...a.nd.,.00_.100.-,--.-.-_-.-- Dot~?AS.
•t p~....~~...~?~._785,~..,,Pnlin~CitYR.._F`loi^~da .....os such o~~= plaef as U?~ bo~d~s
h~r~oi mat d~ai~aal~ W wrltVi. foNih~ ~rUS iat~t~d trom dal~ !h~ r~i~ 01..8......__..p~c c~ntua~ p~s •aaum oa !b~ unpaid
baLaa ~nlll msriuit~. •tb~ uid ps~dA~ ~u ~ dw ~pd paYabl~ ss follows:
In four (4) equal semi-annual installments of $4,881.25 of the principal,
plus intereat then due. on January 2 and July 2, beginning January 2, 1975.
The makers may prepay any part or the whole of this indebtednesa at any '
' time without paxment of penalty therefor.
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1f de/auit M Mi~ IK 30 ~7s ia t~~ Nl~~t of u7 i~sWiMet of IrinciMl K iwtenst or aap ?art tDa~e~/. tM~ ~?Aele s~ traw rcmaiwiwe
unp~i~ ~Iti lotsrNt s?~II ~t Mlir~ w~ ~ uJ pf+~ ~~~t ~otic~. Failun te eaNCis~ sucY e~tie~ s6tl1 wat cewatlt~l a~d~K el lM
rii6t te e:ercb~ tli~ s~we h th~ ~~t ef su?apw~t ~ela~lt Att~r ~Wrltf ?ot\ Priuc[Oal aad accrued inte?e~t a~all ~ear i~te?e~t ~t oar ~cen~lu~
y~r ~1~1Y~ wtU ~aiJ. T6~ ~st~n awJ ew~sNS el t\is 001f IY~IAK ~rahe ae~waaa, a~etu el ~o~-M7 e~~ ~1 eo~sti el c'ol{~ct ~ iacludiw all co~a
matv?it~r aa+ tL~ ~+w~ Is ~laced rritA aw ~tto~er lor solMctioa. t?~ ~salcsrs ana e~ ~enel a[ i+7 [
costs aa/ rNSenabb attwsq fea.
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. eorg St~ ac ~an
• ...............•--•----•-....._.._...._..._.......................---•--......._.........-•------•••._.........(SF.JlL1
Dorothy P. Strachan
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and shall duly, promptly and fully pertorm. discharge, execute, e[[ect, complete, comply with aud abide by each and crery ~
die stipulations, agreements. couditions aud co~•enanu oE said promissory note and ot [his mortgage, then this mortgage and
the eswce hereby creaircl sl~all cease aud be null and ~•oid. ~
It is understood that each oi the words, "note." "mortgagor' and "mortgagee" respecci~•ely and che pronouns reterring ?
thereco, whether in the singular or plural an}~here in this mortgage. shall be singular it one onh• and shall be plural jointl} ~
aud se~•erally, if more than one, and shall be masculine, feminine and~or ueuter, Nhere~•er the coneext so implia or admits. ~
And said \Iortgagor tor himselE and his heirs, legal representatives, successon and assigns, hemby co~•enants and agrees
to and with said ~fortgagee. his legai representatices. suctessors and assigns:
I. "I'o pa~ all and singular the principal and interest and the ~•arious and sundr) sum~ o[ mone~ pa~~able by virtue of
said promissor} uote, a~~d this mortgage, each a~id e~•ery, promptl~ on the da}'s respecti~•ely the same se~~erallv become due.
2. To pa~ all aud singular the taxes, assessments, le~ ies, liabilities, obligations and incumbrances o[ ecer? nature aud
kind noN on said described propertv, and;or that herea[cer mag be imposed, suffered, placeci, levied or assessed ehereupon.
~ and/or that heteafter may be 1e~~~eci or assessed upon this mortgage andJor the i~idebteclness secured hereb}. each and e~•err.
; Mhen due and payable according to law, before the~ become delinquent, and lxfore auy interese attaches or ant pee~ait? is
~ incurred: and in so [ar as any thereo[ is of record the same shall be pmmptly satisfied and discharged o[ mcord and the or-
E iginal o[ficial documen~ (such as, !or instance, the tax receipt or the satistaction paper o[ficiallg eudotsed or certiEied) shall
be placed in the hands of said \(ortnap,ee within ten days nezt aiter paymcnt: and in the e~•ent that au~• thereof is not so
paid, satis[ied and dischargeci, said ~[ortgagee may at auy time pay the same or an~• part themof withouc Mai~•ing or a([ece-
ing auy o~tion, lien, eguitt or right uuder or b?• ~~irtue of th~s mortgage, and the (ull amount of each and e~~en• sucli pa~•-
ment shall be immediately due and pa~~ablc aud shall bear interest [rom the date tlierrnt uutil }%a~d at the rate o[ tct~ ~~rr
centum per annum and toy,ether with such interest shall be secured by the lien oE this moregage.
3. To place and continuously keep on che ~i1~ni$s now or hereafter situate on said lai~d [ire aizd Hind~torm insur-
ance in the usual standard policy form, in a sum not less than ehe hiKhesc iusurable ~•alue, in such compauy or companies as
ma} be appro~•ed by said ~iortgagee; and all such inwrance policies on any of said huildings, any interest therein or part
thereof, in the aggregate sum a[oresaid or in excess thereof, shall contain the usual standard mortgagee clause maki::g the
lozs under said policies, each and eeery. pa)'able to said ~(ortgagee as his interest m•ry appear, and each and eeer} such policy
shall be promptl~ deli~•erecf to and held by sa~d :~tortgagee; and, uot less than [en days in ad.•ance of che expiration oi each
polic), to deli~~er to said ~Iortgagee a reneMal thereof, together with a receipt (or the premium oi such rerse~cal: and there
shall be no such insurance placed on any o[ aaid buildin~s, any interest therein or part thereof. unless in the form and Mith
the loss pa~able as a[oresaid: and in the efeut aii}~ wm ot moi~ey becomes pa~-able under such polic~• or policies ~aid ~iortga;ee
shall have the option to recei~~e and apply ehe same on account of the iudebtedness secured hereby or to permit said :~(ortRa-
gor to receir•e and use ic or any part thereof for o~her purposes without therebv wai~~inR or impairinR anr• equity. lien or
right under or by ~~irtue of this mortgage; and in the eceut said ~fortgagor sl~all~for auy mason fail to kcep the said premises
so insured, or fail to delicer pmmpdy any of said policies of insurance to said J(ort~~gee. or [ail prompd,v to pay full}' an)
~ premium there[or, or in any respect fail to pertotm, discharge. execute. e((ect, complete. comply witl~ and abide b~• this cov-
enant, or any part hereof, said ~fortgagee may place and pay for such insurance or anq part ehereof Miihout waicing or
~r a[fecting an} option, lien, equity or right under or by ~irtue ot this mortgage. and ehe full amount of each aud e~err such
~ payment shall be immediately due and payable and shall bear interest from the date thereot until paid at the rate o[ ten
per centum per annum and together with such interest shall be secured by the lien of this mortgage.
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4. To permit, commit or su[fer no waste, impairment or deterioration ot said propert~ or any part thereof.
5. To pay all and singular the costs, charges and expenses, including reasonable lawyer's tees and cost ot abstratts of
~ citle, incurred or paid at any time by said ~tortgagee because andlor in the e~~ent of the failure on the part ot the said
~tortgagor to duly, promptly and fully perform, distharge, acecute, efEett, complete, compl~ with and abide by each and
e~~ery the stipulations, agreements, conditions and covenants of said promissor) note, and this mortgage, any or either, and
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said cosu, chuges and expenses, each and e~•ery, shall be immediatel}~ due and payable, r.hether or not there be notice, de-
mand, attempt to callect or suit pending: and the full amount of each and twery such papment shall bear interest from the
date thereof until paid at the nte of ten per centum per annum; and all said costs, charges and eupenses so intarced or p~id.
together with such interest, shall be secured by the lien ot this mortgage.
- eoo~225 P~~f2348
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