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HomeMy WebLinkAbout0434 ~ ~ 3 ~ STU1lRT. Florida. ......._....APY~l,...~.J..a...._........... ls............ . s ~ 5.~. 560..00 FOR VlILUE AECEIVED. ta~ nad~rsiqnd. joiatlt and s~~~:allr. PROMISE TO PlIY !o !h~ o:d~s ot PERRY. BOSWELL~....JR. s . dILC~.._AO . Z.QA.--.-.---.-.-.--- DOLLAA . 5~...~.~.X.~._.~'ILII'li~~~C~...Sj]Ct~... ~ -----.'~~~11~y...~.l.Y.~...'~1.Q1~4dn , . o: sueb olL~s plu~ as ih~ hold~r Q ~ax....T.B~...~..Pa1m...~.~..~.y......Flar~. a e! ~.w.._ w.... h~ilO~ !MY d~l~~Ait~ 111 w~11~ tO~~~t1f! Muh ~AZ~tfiZ ~lOIA dat• a! 1h~ iat• oi... ...p.s a+ntum p~s aaAwra oe~ ZZI~ NAp balaao~ wstil m~iurilT. 'ths said prindpal ~nd inl~r~s! shaU b~ due ~nd payabl~ as follows: $6,390.00 of the principal, together with interest then due, Julua2, 1975975, $6,390.00 of the principal, together with interest th Y January 2, 1976; ,$6,390.00 of the principal, together with interest then due, $6,390.00 of the principal, toqether with interest then due, July 2, 1976. ' The maker may prepay any part or the whole of this indebtedness at any ti.me after January 1, 1975 without payment of penalty therefor. If d~fault b~ aad~ [w ...-.30 ~+1~ iw t?~ P~I~Mt ot aar ioatall~enl et orincipal or iatan~l er +nr V+~t t6enof, t?~ vAol~ ws tAa? rNn+l~lwt unoaN ~{tL inter~st ~~MII ~a~tr~ NIiM bK01~~ dW aAa Piy11~ ~LAOYI aotict. Farlu~~ to ea~ecis~ sucA eotiop shall aet coastitute s ~airer ot tA~ risst W e~trctae t1~ s+~we iw tM t~eet e1 sussequewt delaulG Alter wturitr botl? P~inciy~! and accwed iatereat a?all M~r iwt~rest at..... ceatws y« ~n~ea~ untU oaid. Tbt w~akers ~nd e~dors~r• ol thia aote lurt6~r ~~ire d~msnd. aetie~ ef aoa-~ymest and Prot~~t. If tAis aot~ s~et PaW ~t m~tutltY aed t\e sa~w Is ~~ud vitA ~a ~ttora~r !er coll~ctioa. the ~~ers ~nd ~adoners b~~~l ~i~ to oay d1 cesb ot wUectiou. iacludia~ sll cowt ewt~ ani rNSOnabl~ attorwtf IeN. " GEORGE... LITTLE...MANAGENiENT.,_._.INC ...............lSElIL) (CORPORATE SEAL) ; • 7 ~ ~ ~,L sy s ~ _ . _ ......................_-._.....--------•----.............~s~.~ Attest:_,,,__ ` ~ ......_•--•~~s z... •'Its : and shall duly. prompdy and [uliy perform, discharge, exe~vte. ettec[, mmplete. mmply wich and abide by each and every the stipulations, agreements, conditioiu and m~•euanu of said promissory note and o[ this mortgagc, then this mortgage and the escate hereby created shall tease and be null a~id ~oid. It is understood that each of the words, "note:' "mortgagor' aud "mortgagee" respecti~•ely and the pronouns re[erring thereto, whether in the singular or plural an}where in this mortgage, shall be singular if one only and shall be plural joindy and severally. iE more chan one, and shall be masculine, feminine and/or neuter, wherever che context so implies or admits. And said ,~lortgagor [or himsel[ aud his hein, legal rcpresentatives, successors and assigns, hereby co~•enants and agrees to and with said \Iortgagee. his legal representatives, successors and assigns: 1. To pay all and singular the principal a~id intemst and the variuus a~id sundry sums oi money payable by virtue of said promissory note, and chis mortgage, each and every, prompdy on the days respecti~ely the same severally become due. 2. To pay all and singular the taxes, assessments. levies, liabilities, obligations and incumbrances of e~•ery nature and kind now on said de~cribed propercy, andJor that hereatter may be imposed. suf[ered, placed, levied or assessed d?ereupon~ - and/or that hereatter may be le~•ied or assessed upon this mortgage and/or the indebtedness secured hereby, each and every, j when due and payable according to law, betore they become delinquent, and betore any interest attaches or any pee~alty is incuned; and in so [ar as any thereo[ is oE record the same shall b~ prompdy satis[ied and dischargecl ot record and tl~e or- ! E iginal o[ficial document (such a~, tor instance, the ta~c receipt or the satisfaction paper o[[icially eudorseci or certi[ied) shall ~ be placed in the hands ot said Ttortgap,ee within ten days next after pa~Tnent; and in the event chat any thcreof is not so paid, satisficd and dischuged, said htortgagee may at any time pay the same or any parc thereof without waiving or a[fecc- ing any option, lien. equity or right under or by virtue of this mortgage. and the full amount o[ each and e~•ery such pay- ment shall be immediately due and payable and shall bear interest irom the date thereof until paid at the rate of ccn per centum per annum and togedier with sucL interest shall be secured by the lien oE this mortgage. _ ~ 3. To place and continuously keep on the buildings now or hereaEter situate on said laud tire and wiudstorm insur- ance in the usual standard policy ior[n, in a sum not less than the highest insurable value, in such compan) or compaiiies as may be appro~•ed by said htortgagee: and all such insurance policies on any of said buitdings, any interest thereiu or part thereof, in the aggregate sum atoresaid or in excess thereof, shall contain the usual standard mortgagee clause making the loss under said policies, each and e~•er}, payable to said ltortgagee as his i~~terest may appear. and each and every such policy shall be ptomptl~ deli~~erecl co and held b) said rtortgagee; and, i~ot !ess than ten days in ad~•ance oE the expiratiote oE each policy, to delicer to said 1lortgagee a renewal thereof, together with a receipt for the premivm ot such renewal: and there shall be no such insurance placed on any oi said buildings, any_ interest thereir or part thereof, unless ia the form and with the loss payable as aforesaid; and i~i the erent any sum ot moneybecomes pa}•able under such policy or policies said \tortqagee shall have che option to receive and apply the same on account oE ihe iudebtedness secured hereby or to permit said l1(ortp,a- ~ gor to receive and use it or any part thereoE for other purposes without thereby waivinR or impairing any equity, lien or right under or by virtue oE chis mortgage; and in the event said Nfortgagor shall [or any mason fail to keep the said premises ~ so insured. or fail to delieer promptl) any of said policies of insurance to said ~forcRagee, or fail promptly to pay full} any premium eherefor, or in_ any respect fail to per[orm, discharge, erecute, effect, complete, comply itli ancl abide by this co~- ~ enant, or any part hereof, said Afort~agee may place and pay for such insurance or any part thereo[ without wai~~ing or aftecting anY option. lien, eqnity or right under or by virtue of this mortgage, and the full amount of each and every such payment shall be immediately due and pavable and s6a11 bear intemst from the date thereof until paid at the rate of ten ~ per centum per annum and together with such interest shall be secured by the lien oE this mortgage. ~ ~ 4. To permit, commit or suEfer no waste, impairment or deterioration oE said properry or any part thereof. 5. To pay all and singular the costs, diarges and expenses, including reasonable lawyer s tees and cost of abstracts o ~ ~ title, incurred or paid at any time by said I?tortgagee because and/or in the ecent of the failure on the part of the said ~ ~iortgagor to duly, prompvy and tully perform, distharge. execute, effect, complete, comply with and abide by each aud ~ every the stipulations, agreemenu, conditions and co~enants of said promissory note, and this mortgage, anr or either, and ; said costs, charges and expenses, each and e~•ery, shall be immed~acely due and payable, whether or not [here 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 oosu, c6arges and acpensa so incurred or Paid. toqether with such interest. shall be secured by the lien of this mortgage. - E:~~ 228 ~ 434 _ . - - ~ t~.:~ ~ ~ _ , E , w;~- : ;i "y ~ ~ t ~ i . .v,~r . . _ . . W . . ~se