HomeMy WebLinkAbout2372 i....2 z a.~.~?~.~.QQ.........._.... STUlIR?. Florida. .March.. ~ ~ e._........... 19... 7~..
FOR VJILUE R Iv~
. tM aad~ni~a~d. joiailT and s~~~rall~. PROMISE TO PlIY to ih~ ord~r ol 3
PERRY B~~LL, JR ~ ;
Tw~nty..~aQ..~4u~~~..~Q~..~~a~et~....~~.~ty..~ero..ans~...Q.Q1..1QQ---.-.-.---....._.._........... DOLLAAS. :
at ~.'.t.._~s...84x...7~5~_..~.~4~..Sr.~.tY.a....~~5?~~a~ ........................................._.........................o: ~uch otb~r plse~ u 1b~ hold~s ~
h~r~o! ~u? d~si~aab Is wsitjet. lo~t~ wUh inl~r~st isow dat~ a! !L~ :at~ ol....a..........p~r c~nfuni p~r ~aaum on !b~ unpaid ~
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balaap uatll malnrilt. '!'6~ aai~ p:iadpal ~ad iAt~r~st sball b~ dw and paYabl~ as lollows: ~
In aix (6) equal semi-annual installments of $3,727.00 of the principal, ~
plus interest then due, on January 2 and July 2, beginning January 2,
1975.
The maker may prepay any part or the whole of this indehtedness at any ~
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~ time after January 1, 1975 without payment of penalty therefor. ~
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If ddault 6~ ~ai~ tK . 30....... ia~s i~ tb~ N~~t ef up i~iW~at of ~rinciMl w iwt~re~t er aer O~rt tbneo/, th~ w6e1~ ww We~ re~ahbs
unoaY vritL iattrat ~Adl at MNd~ epti~w Ncew~ Jw asJ Nf+1N ~t6wt ~otk~. Failun te ~:ercia~ suc~ ptieo sAall net e~astildt~ a wst~~ ef /M
ri~ht te ~:~rciw tA~ sw i~ tA~ ~~ewt el ~uespw~t Ml~rlt A/t~r saWrlt~ eetl oriaclPal awd accrued inteeest s~all bear islersst at wr cewtww
y~~ ann~~w ~uti~ oaW. TI~~ wak~ra ~wd ~n~~rwrs ~f tAis wob IurtAer w~i~~ iesand, aotie~ et nos-paywe~t ana protesl. t( ~\is ~ote ~wo1 ~ai~ wt
maturity ~ed t!~ s+~e is P~cM rit6 as ~ttxw~~ fK ceUectioa. tM ~ak eA mdorsers Aereo/ aaree W aq cos~s ol cop~ctiow. iscludi~~ sil cawt
cose• aad reu~wab4 att~y tea.
. . .....--•.._......_...(SE1~L1
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Gertruc~e E~. Kennedy ~
~O' / -------.(3F1[t.) ~
and shall duly, promptly and [ull}• perform, disct?arge, execute, etfect. complete, comply with and abide by cach and every
che stipulations, agreements, conditions and co~•enana of said promissory note and of this mortgage, then this mortgage and
the estate hereby created shall cease and be nuil and coid.
It is undentood that each of the words. "note;' "moregagor' and "mortgagee" respecti~•ely and the pronouns re(erring
[hereto, ~hether in the singular or plural an?~vhere in this mortt;ap,e. shall be singular if one only and shall be plural jointly
and severally, if more than one, and shall be masculine, ieminine and/or neuter, where~•er ehe context so implies or admits.
And said ~(ortgagor tor himsel[ and his heirs, legal represrntaei~•es, successors and assigns, hemby coeenants and agrees
to and vrith said \lortgagee, his lep,al tepresentati~•es, successors and assigns:
1. To pay all and siugular the principal and interest and the ~•arious and sundry sumc of mo~?ey pa~~able Uy virtue oE
said promissory note, and this mortgage, each and e~ery. prompd}• on che days respecci~~ely ehe same se~•erally become due.
2. To pay all and singular the taxes, assesaments, le~ies, liabilities, obligations and incumbrances of e~ery nature and
' kind uow on said describeet propert~, and/or that herea[ter may be imposeci. suffered, placed, le~•ied or assessecl tbemupon,
I~ and jor t1~at hereatter may be levied or assessed upon this mortgage andlor the indebteciuess secured hereby, each and e~•er},
~ when due and pa}'able according to l:~w, before the~~ become delinquent, and be[ore any interest attaches or any penalty is
t incurred: and in so [ar as anp thereof is oE record the same shall be pmmpely satistied and discharged o[ record and die or-
I iginal otficial document {~uch as, ior instance, the tax receipt or the satisfactiou paper officiall}~ endoraeci or certifieci) shall
€ be placed in ehe liands ot said ~[ortgagee within ten da~~s next after pa}'ment: and in the event thac any chereof is not so
paid, satistied and discharged, said ~tortgaqee may at any time pay the same or any part thereof without ~.aiving or affect-
ing anv option, lien, equity or righe under or by ~•irtue ot chic mortgage, and the full amount o[ each and e~•ery such pa~•-
ment shall be immediately due and pa}~able aud shall bear interest from the date tliereoE until paid at the rate of tcu per
ceneum per annum and together with such ineerest shall be securect b} [he lieu o[ this mortgage.
3. To place and con[inuously keep on ehe buildings noH or hema[[er situate on said laud fire and windstorm insur-
ance in the usual standanl policy torm, in a sum not less than the I~iphest insurable calue, in sude company or companies as
may be appro~•ed by said \tortgaRee; and all such insurance policies on any of s:iid buildi~~QS. am• interest thereiu or part
thereof, in che aggre~;ate sum aforesaid or in excess thereof, shall contain d~e usual staudard mortgagee cL~use making the
loss under said policies, each and e~~ery, pacable to said ~(ortgagee as his interest ma~~ ap}x'ar. and each and ecerp such policy
sl~all be promptl~ deli~•ereci to and held b~ said ~(artgaqee: and, not less than ten da~~s in ad~•ance of the expiration of each
polic~•, to delirer co said 1[ortgaRee a rene~al thereo(, toge[I~er with a receipe (or the premium ot such reueHal: aod there
s}~aU be no such insurance placed on any of said buildiugs, any interest therein or part thereof, unless in the torm and M ith
the loss payable as aforesaid: a~id i~i the e~ent any sum o( money becomes pa~able under such policy or policie, said ~fortgagee
shall ha~•e the option to recei~~e and appl~ the same on account of the indebtedness secured hereby or to permit said \(ortga-
gor to recei~e and use it or any part thereof tor other pur}~scs N ithout thereb~• waicin~ or impai~ i~~o anv eyuity. lien or
right under or b}' ~'irtue of this mortgage: and in the ecent said \fortgagvr si~all f~~r any rcasoi~ (ail to kecp tl~e said ~~remises ~
so insured, or fail to delicer promptl}• an}' of said policies ot insurance to said ~Iortgagee. or (ail promptly to pa}• fully auy
- premium there[or, or in any respect fail to per[orm, discharRe. erecute. eftect, complete. comph• h•ith aud abide b~• this co~•- ~
G enant, or any part hereoi, saiJ \fortgagee may place and pa~~ for such insurance or a~iy part thereo[ without wai~~ing or ~
~ af[ecting any option, lien, equit} or right under or by virtue oi this mortgage, and the full amount of each and every such
~ pa~~ment shall be immediatel}• due and payable and shall bear interest irom the date thereot uncil paid at the ratc oE ten
~ per centum per annum and together with such interest shall be secured bv [he lien o( this mortgal;e.
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~ 4. To permit, commit or su[[er no waste, impairment or deteriorati~n o[ said property or any part thereof.
~ 5. 'To pay all and singular the costs, tharges and expenses, induding reasonaUle law}ers [ees and cost o[ abstracts of
tide, incurred or paid at any time by said Mortgagee because and/or in the e~ent oE the failure on the part o[ the said
~ \(ortp,agor to duly, promptly and [ully perform, discharge, e~cecute, eftett, complete, compl~ with and abide by each and
~ e~-ery ihe stipulacions, agreements, conditions and covenants of said promissory note, and this mortgage, any or either, and
~ said costs, charp,es and expenses, each and e~ery, shall be immediately due and pa}'able, Nhether or not there be notite, de-
~ mand, attempt to mllect or suit pending: and the full amount of each and e~ery such payment shall bear interest from the
date thereof until paid at the race of ten per centum per annum; and aU said coau, chatges and expensa ~ incurred or paid,
together hith such interat, shall be secured by the lien oE this mortgage.
so~K225 P~E23b6 '
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