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HomeMy WebLinkAbout1949 i__..17? 500.00 v.ro seach, Flo~~d~.:._.._ ~~1".-- 6~ t9i. 4-- - ' -~---.p~ below specified --_--..___.__..____.__._.__.____._______.anK d~te. vw w oithe~ of ~u p~omise to paY to th~ order ot ~ULRICH_K~WATTY 1/4__interest~KAETHE WATTY.1/4 interest;_ ROBFRT..F._BRIMER.JA. and BRIGETTB BRIMER. his wife, 1%4 interest; and VIRGINIA C. LUPPY 1/4 interest. -~..4n$._Huns~.~._~vsniX.-.~~x~n__Thous~nd__~?3xe---Hnndted_.and._No1100--- ---.-------oo~u~as to, r,p,e ~osi~ed, p,y,b~a st First National_Bu~k_of__Ft,__Lauderdale.,~Ft,_. La~c~er~l~le:,. F1Q~~d~ ~ 4r such other_, lg ace a~a ee mu designate in_ writing__~___..__..._____..______._._._.._.___._.__..._ _ w~th i~re~~~ f~on, y'7 S! t ths nte of-- -1SZ.------ Per cent pe~ annum u~til paid; intertsf Wribk.- -_____AI'IXLtI~L~----•_-------- A.,a .acn of u. wh.rn.. makK, ~,.nnto. o. .nao.:.r. ~+.nb~? sev..aty w«v~. ,.+a .«,ouKa a~w .na ai~ homest..a ex.~rw?an .ients we mar f haw und~r tM Canctitufion a Laws ot tM Stat~ of Flaid~. or arrp othK Stsft w UniteO States, as a~aint thh nots: and sach turths~ wa~ves demand. ~ noHp o} npy.p~ym~ek ~+d proteat. irid in tht evK?f N beoanes neoeasary to oolNtt tl~is nott fhrcud~ an +ttorn~Y. s~ees to pay dl costs oi cdlcctron, Includn[ n~soewbM +ttanh/s (a. The principal of this note shall_,be due and payuble in ten (10) equal annual installments of Z1?.750.00 commencing on /Vo . 19?5 and continuing on the same dnte of .each and every year thereafter unh sa d principal sum is paid in full. In addiHon to the principal sum interest shall be due and payable at the rate of 10$ per annum on the unpaid balance from time to time remaining and said interest payments shall be due ~nd payable on the same date that the principal payments are due. In the event of a default in any payment of principal or interest which default shall not be corrected ~vithin 30 days thereafter, then the entire remairiing unpaid balance shall immediately became due and payable at the option of the holder of this note. Any payment or any part thereof _ may be made on or before its due date without penalty commencing after January 2, 1975. This note with interest is secured by mortgage on real estate of even date herewith made by the Maker hereof in favor of said payee and the terms of said mortgage are by this reference made a part hereof, and there sha11 be no personal liability on the Maker of this note, nor shall the holder of this note be able to secure a deficiency decree against the Maker. it being understood that the property as shown on said mortgage shall be the sole security for this note. Stanton G. Sweet sen~ ~w ~ No.~ Dw - SE/U- ~ . weet ~ and ahall duly. PrnmpUy aad fully pertorm. dischar~e. execute. eftect. compMt~. aompl~ wlW and abi8e bp e4c1~ ae~d every the stiputation~, sgreementa. canditlon~ and covenanb oi aatd pro+au~ory note and oi tl~is mortgags. then ttds mortgage and the estste hereby cr~ted shall cetse aad be atill ~ntt void. - It is understood tliat e+uh of the wonis. "aote; '••mortgagor" and "mortgagee" respectlvelY and the pron- . ouna referring thereto. whether in the aingulsr or plural anywhere in thls mortgsge. shell be dn8ular 1i one only and ahal! be plural jointly and aeverally. it more than one, and ahal! be maaculine; feminine aad/or aeuter. wher- ever the oontext ao implies or admits. And a~id Mortgagor for himselt and hia heirs, legal repreaentativea, aucces~ors and asstgas, hereby ooven- - ants sna agreos W and with said Hortgagee. h1s legal representatives. successore aad sseigas: 1. To pay all aad aingular the pr[ncipai and [nterest and the varlous and sundry aums of inoney psysble b~ virtue of said prumfawry note. aad tbia mortgage. each snd every~ promptly on the days respectivel7 the ~am~ severally become due. i Z. Tp pay all and s[agular the txues, aseesaments, levies, liabiliUes. obligatioas and incumbrances of ever~ ~ nature and kind now on said dwcribed property. and/or that hereaiter may be impo~ed. sufiered. placed. levied ~ or aseessed thenupon, and/or that hereafter may be levied.or asses~ed upon ihls mortgage and/or the indebted- neas ~ecuted hereby. each and every, when due and payable acoording to lsw, before they become delinqumt, and before any intereat attaches or any penalty is incarred; and in so far as any thereoi ia ot record the sams- ehall be promptiy eatisfied and discharged of record and the original official document (auch as, for instanee. the ta~c rec~ipt or the satiafaction paper otticially endorsed or certifiedl shall be placed in the hands ot said Mortgagee within ten days next after payment; and in the event that any the~of is not so paid, eatisfi~d and discharged. eaid Mortgagee may at any time pay the same or any part thereol without waiving or atiecting any option, Ilen, equity or right under or by-virtue o[ th3s mortgage, and the fuli amount of eacD and every such payment ~hall be immediately due and payable and sha11: bear internst fmm the date thereot until paid at the rate ot ten per centum per annum and together with such intereat shall be aecured by the lien of thi~ mortgaga 3. ~o place and continuously keep on the buildinga now or hereafter situate on eatd land fire and windstarm insurance in the usual standard policy [orm, in a sum not less than i...._ nOQ..4'.......--•-•-•------°--•-•-----•-...... in euch com- pany or comp^niea as may be approved by said Morlga~ce: and all such insurance policies on any o! said build- ings, any Interest therein or part thereof, in the aRgregate aum aforn9aid or in excess Wereot. shall contain ths usual atandard mortgege~+ clause making the loss under sxid policiea, each and every, payable to said Mortga- gee as his interest may appear. and each and every such policy shaU be ptomptly delivered to and held by said Mortgagee: and, not lesa than ten days in advance of the expiration of each policy, to deliver to axid Mortgagee a rene~val thereof, together with a receipt for the premium of xn~h renewal• and there shalt be no auch insur- ance placed on any of said buildinga, any intere~t therein or part theteot. unles~ in the form and with the loa~ payable as aforesaid; and in the event aay sum of money becomes payable under such policy or poUcies said Mortgagee shall have the option to receive and apply the same on account ot the indebtedneas, aecured hereby or to permit said Mortgagor to receive and uee it or any part thereot tor other purposes without thereby waiving or impaiting any equity, lien or riqht under or by virtue of thia lnortgage; ar?d in the event eaid Mortgagor shaU for any reaaon fail to keep the said premises so insured, or fail to deliver prnmptly any of ssid policiee ot ; insurance to aaid Mortgagee, or fail prompUy to pay tully any premium therefor, or in any respect fsll to per- form. diecharge, execute, eitec~ complete, comply with and abide bp this covenant, or any pact hereof. asid Mortg• ~ sgee may place u?d pay for auch insurance or any part thereof without waiving or affecting any opiion, lien, equity or right under or by virtue of this mortgage, and the futl aq~?ount of each and every auch payment shall be fmmediately due and payable and ahall bear interest fmm the date thereot untfl paid at the rate ot ten per cenhun per annum and together with auch intereat ahall be sccured by the Uen o! this mortgage. ~ 4. To permi~ commlt or suffer no waete. impairment or deterloration oi said property or any part tt?ereo! 6. To pay all and singulu the coots, charges and expenaes. including .reasonaDle lawye~~ tses and cost ot ~ abatracb ol tltle. incurred or paid at any time by sald Mortgagee because snd/or in Lhe event of the tatlurs on the part ot the ssid Mortgagor to duly, promptiy and fuily perfosm. discbarBe. e:ecnte. effect. complete. oorapl~ a?!th and ablde by each and every the atipulatlons, agreements, condiUons and oovenants o! eaid promir ~ory note, and thls mortgaga any or either, and eaid co9ta. charges and expet~ses. each and everq. ahall bs lm- mediately dus 'aad paysble, whether or not thera be notice. demand, attempt to collect or ault pendinB: and ths ~ full amount ot each and every such payment ahall bear tnterest tmm the dats thareo! until patd at the nte ot ten psr centuw per aanum; and all safd cosb. eharBei and exPe~ w tncureed os pald~ ~?itb wcb fn- tarat, ~t~W bs ~ecvred bp ths liea oi thfi morigage. ~IRM ~ _ __,^~+~,?,=K^ b`~ .~-~2 ~ zS'` 1 "-f ~ 'N$3~'_~ `~,k:.'a ~ ~~`~C . n e.1h.~ z,s n~ _ _x . ~ r o, _ ~ < .