HomeMy WebLinkAbout2467 ~r~Utdp~ Mj1UM1J8. that if saict .~tortga.gor sliall pay uirto the ,saicl .AiortgagPe
the certain pronti.csory note, oj' u?/eiclt tlee folluu~t~r.g a~c worcls and J~~~cres is a trt~e cupy,
to wit:
Mo~r.sno~ ~m
Minter Saven . F~ida
s143,279.16 May 14 .1974
FOR VALUE RECEIVED~ the w~denia~~d, (l~~Y ~ x~~'~ ~~~A o°e) pr°~°'+~ wr to
SV1Il~N'S GROVE '1'HREB~ INC. , or order, in ehe manoer hereinatter ~ecitied,
One Hundred Forty-three Thousand Two Hundred S~~~n~~r~TbB~I,t.~as
che prineipal sutu o~
(t 143~ 279. J~6wieh iotenst Irom date at the rate ot 7. 5 per cea~ pu anaum on tbe balaace fwm time to time remaiains ui?Paid.
TA~ said principal and intenst shall be payabk ia 1~wtu1 moaer ot tbe Uaited Sata ot Amuica at
or at sueb plau u may hereafter be desisoated br writcea notice twm tbe holde~ to tbe make~ hereot. on
ihe date and ia the maaner folbwina:
On or befiore one, two, three, four, five and six years after
date the sum of $20,456.45, and on or before seven years after
date $20,~6g•46: int$r€st p~yable annually on unpaid balances.
This noce with interat is secured by a mongage on real atate, ot evea date hesrwith. msde bp t6e maker bereot in favor o( the :aid
payee, and shaU be conttrued snd en[orced actording to the laws of the Sute ot Fbrida. The terms o[ said mortSaEe are bY t6is re[erence
made a part hereot•
I[ default be made in the pa yR1~i~l O~ iDT ~Wllt OT 1Dt~tC3t mentioned herein or in said moet6ase. os in ebe ped°rwance °t
any ot the agreements contained 6erein or in said mortgase, then the entire priadpal sum and scciued interest ~hall at the option o! the •
hoider hercof become at oace due and coUectibk vi?ithout aotice, time ~°E pn°~'P~ ~ j~^~ ~ntcrest
shall both beu intenst iram such tiau unW paid at the higbat rate a1bM? k undes the lawi ot the State oE Fbri~r.. :=-'~z•- w e:erci:e
ihis opcioa shaU not consatute a waiver o[ tLe nght to acercne tbe ~ame ia the e~t ~~uY ~~9ucnt deEault
Each penon liable hereon wbether maker or endoner, henbr vraiva pre~entmeat~ Protat. notice, aotice of prot aad notice c~f dir
no
honor and a3rees w pay aU oostt, induding s reasonabk attoraep't fee, whetbu suit be bmught or iwt, it. sher matun this nok or ddault
hr.eandu. or under said mortaaae~ mumel ahall be empbyed to ooUect tlw note or w protect the securitp of w •
Whenever used hereia the cerms "holder„~ ••maker" and "W7ee° ~ eonstrued ia the ' pl as tLe coatest mar
rcquire or admit. ~
Makv's Address _ ...............~_...__.(SEAL)
A Building ~ . . ._......._......__.____...._._....(SEAL)
1414 C . N . .
~....(SEAL1
Orlando, Florida S
- er B en
;
__-------...._._.__.__...._----.____._..._----------------------~sEAL~ ~
FORM W • IiWATGI?G6 N01E
anc~ shali perjo~»t, comply wi~h and abide by e~teh and every the stipulations,
a~reements, condition~ c~nd covenacnts of said prnmissory note and of this deed, then
; this deed and the estate hereby created shall cease c~nd be null ccnd void.
~
s ,~n~i the said .hlort~a~or hereby covenants and a~~'ees:
E -
i
.1. To pay all and sin~ulctt the princLpal a~ul intere.st and othPr sums o money
payable by virtue oj said p~omissor~ not.e an.d this rleed~ or either, pronapllJ on the
da~s respect.ively the sa~ne severally eo~ne due.
To paJ all a~td singular the taxes, assessments, levres, liahiliti~es, nhli6ations
and encumbranees oj every nature on said described propertJ earh and evPry, and
if the same be not promptly pa.id the sa,id .Mo~~d~~ ~y at any tir~ze pay the same
without tvaiuing' or mf
fecting the option to foreclose or any ra~ht hereunder, and every
paccyrrient so made shbcll bear Lnterest from t,he dacte thereof at tjie rate of 7. 5
per cent. per annum.
To pay aii and sin~ular the costs, char~~s and expenses. including lawyer's
fees, reasonably incurred or pctid at any time by sdid JKort~agee becacuse of the fctilure
on the part of the sccid JKort~agor to perfor~n, comply uzth a~ad abide by each and
every the stipulations, a~`reements, conditions and covendnts of said promissory note
~ and this deed, or either, and every such pacyment slu~ll bear interest from date at the ~
_ rate of 7, 5 per cent. per annum.
To keep the buildin~ notv or he~eajter on. saic! lan~l insured i.n a sr~m not
less than
Dollars. in a companJ or companies to
be approved by said .~fortgagee, and ~he poliey or policies held by and payable to said
.Mortga~ee, and i.n the eaent any sum of monoy becomes payable under such policy or
policies, the .1Kort~ccgee shall have the option to reeeiae and ccpply the same on account
of the indebtedness hereby secured or to permit the JKort~d~or to receive and use it, or
dny pccrt thereof, for other purposes, wi`hout thereby waivin~ or impaeirin~ any equity
ti,en or ri~ht under or by virtue of this ~rcort~age, and may place cand pay for such
insuranee or any part thereof, without wuciving or affeeting the option to foreclose or
a~ny ri~ht hereunder, and each and every sueh paym.ent shatl bear tnterest from date
at the rc~te of per cent. per annurrc.
° R ~Z~ P1GE 2465
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