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Home My WebLink About2854 . ia......... s , s • • ~7'V][!lR Flortd~, ,FOR VlILUE AECEIVED. the uod~tslyn~d, iointlY and t~~eraU . PAOMiSE TO PAY !0 1h~ ord~s of....... ; , MICHAEL..A.~.:.PERRI.,. SR....and STELLA..M....PER~tI.,...his...wife.~ ~ Se~enty...~hs~us.an.d....(~?Q~.Q.Q~..QOI...a~d...nol.~.Q.Q-.-.-----.-.--.-.---.---.--.-.--.----.---.-.--.---.---.--... aoLwtAS, J a! ....or such ofher plac~ as !b~ Aold~r h~r~o! a~a~ d~aiQaal~ ie~ wrilin~. lo~~th~r wlfh inl~r~s1 lroen dal~ at !h~ sat~ oi p~r c~ntum per anaum on !b~ uapaid balaae~ aetlll ~natusltT. Th~ aaid prineipal aad int~r~st shall be due ~nd payable ~s tollows: In forty (40) equal quarterly installmente of ~1,?50.00 each, plus accrued intereat on the unpaid balance remaining from time to time, the first auch quarterly installment being due and payable on or before the 26th day of May, 19?5 and every three months thereafter until paid in ~ full . The makers may prepay any or all of the unpaid principal at any time before due without payment of premium therefor . t ~ ~ i . - ~ ~ ~ ; i i If delault b~ ~w~d~ t.~ ........30 - d+r~ :w t~. pareent of awr Install~ent ol ~riatipN or iaterest sr ~np part tAereol, t?e ~rbole ~uw l6ea remaiwin~ ~ unyaW vrit! iotenst ~Aalt ~t aeldsr'~ e~tion ~ecou~e dw aad oarable vit6out notice. Failu?e to eaercise such eptien aha11 not cowatilul ~ai~~r ~1 tM ri~?t te txercise ~Ae saat ie tAe ~~eat el susaepuent default. AIler s~aturit~ botA oriacioal aod a~crued int~rest ~Aall be~,~r ia~erea! at ....oer cenluw~ ~ ver aenu~w uatil Paid The maken awd ewdxsers sl this aote lurtbe? ralre demaed, eetice ol now-pymewt and p~otest. ll t6ia wote Is wot ~ ~t maturitr ~nd t~e ~ae~ is olaced ~itA aa a~tw~r I~r cellectieo, tAe wakers and eersrsers hereel asre~ to par all cests of collettiow, iecludin~ ~Il co~~t coat• anA reas~aaA4 aitor*e~ te~~. . ~ (SEJIL l - Arnold Baslow, individually and as ~a Partner . .I3EAL1 ! lf H. Hentschel, individually and as a Partner - lSEllLI ~ an Baslow, individually~and~as a~~~artrier~ - f a ...-•-..........--~•--•--.._......................•---~---...._(SEAL) t i - .ti and shall d{Ely, prompdy and fully perform, disct?azge, acecvte. et[ect, complece. mmply wich and abide by each and every the stipulations, agteements. conditions and mvenants oE said pmmiswry note and of this mortgage, then this mortgage and the escate hereby created shall cease and be null and void. It is understood chat each o[ the words. "note," "mortgagor" and "morcgagee" respectively and the pronouns referring thereto, whether in the.singular or plural anywhere in this mortgage, shall be singular iE one only and shall be plural joindy and severally, if more than one. and s6all be mascvline. feminine and/or neuter. wherever the rnntext so implia or admits. And said 1liortgagor for himselE and his heits, legal nprexntatives, successors and assigns. herebr rnvenants and agrees to and wich said Aioregagee. his legal representativa, wccasors and assigns: 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by virtue of said promiuory noee, and this mongage, each and every, prompdy on ehe days respectively the same severaUy become due. 2. To pay all and singular the taxes. assessments. lrvies, liabilities, obligations and incumbnnces of every nature and kind now on said dexribed propertp, and/or that hereatter ma~ be impoxd. suf[ered, placed, le~ied or assessed thereupon, - and/or that hereafter may be levied or assessed npon this mortgage and/or the indebtedness secured hereby, each and every, when due and payable according to law. before the~r beaome delinquent, and be[ore any interest attaches or any penalty is incurred; and in so fu as any thereof is of record the same shali be prompdY satisiied and discharged of record and the or- iginal ofEicial doctiment (such as, for instance. the tax receipt or the satisfaction paper oE[icially endorsed or oertified) shall E be placed in the hands of said 11lortgagee within ten da~+s next aiter payment; and in the event that any thereot is not so i paid, satisfied and dixharged, said 1?iortgagee may at any time pay the same or any part thereof without waiving or aifect- ~ ing any option. lien, equity or right under or by virtue of thts mortgage, and the full amount of each and every such pav F ment shall be immediately due and payable and shall btar interest from the date thereof until paid at the rate o[ ten per ~ centum per annum and together with such interest shall be secured bq the lien of this mortgage. • ~ 3. To pl~ce and mntinuousiy keep on the buildings now or hereafter aituate on said land [ire and windstorm insur- ~ ance in the usual standard policy form, in a sum not less than the highest insurable ~~alue, in such mmpany or companies as ~ may be approved by said Mortgagee; and all such insurance policies on any oi said buildings, any interest therein or part thereof, in the aggregate sum aforaaid or in excess thereof, ahall contain the usual standard mortgagee clause making che ~ loss under said policies, each and every, garable-to said A{ortgagee as his interat may appear. and each and e~ery such policy _ shall be prompdy delivered to and held by said 1lfortgagee; and, not less than ten daps in advance of the expiration of each ~ policy, to deliver to said 1ltortgagee a renewal thereoE, together with a receipt for the premium of such renewal; and there shall be no such insurance placed on any ot said buildings, any interest therein or part thereof, unless in the form and with ~ the loss parable u aforesaid; and in t6e event anr sum of money becomes payable under such policy or policies said I?iongagee ~ shall have the option to receive and apply the same on accounc of the indebeedness secured hereby or to permit said rtorcga- gor to receive and use it or any part thereo[ for other purposes without thereby waiving or impairing any equity, lien or ~ right under or by virtue of this mongage: and in the event said Mortgagor shall for any mason fail to keep the said premises -so insured, or fail to deliver prompdy any of said policies oE insurance to said Ntortgagee, or faii prompdy to pay fully any ~ premium ehtretor, or in any respett fail to perform, discharge, execute, e[[ect, complete, comply with and abide by this rnw ' enant> or any part hereof, said Moxtgagee may place and pay for such insurance or any part thereot without waiving or ~ a(fecting any option, lien, equiq or right under ot by virtue of this mortgage, and the full amount of each and every such ~ payment shall be immediatelp due and payable and shall bear interest from the date thereoE until paid at the nte o[ ten a per centum per annum and together with such interest shall be secured by the lien of this mortgage. ~ ~ 4. To permit, oommit or suffer no waste. impaument or deterioration ot said propeny or any pan chereot. ~ 5. To pay all and singular the costs, charges and expenses, induding reasonable lawyer's fees and cosc oE abstracts of ~ cide, incurred or paid at any time by said Mortgagee because and/or in the event ot che failure on che parc of the said _ bforegagor to dulr, prompdy and fully per[orm, disd~arge, acecute, eftect, complece, comply with and abide by each and every the stipulations, agreements, conditions and aovenants oE aaid promissory note, and this mortgage, any or either, and ~ said costs, charges and ezpenses. each and every, ahall be immediately due and payable, whether or not there be notice, de- _ ~ mand, attempt to oollect or suit pending; and the fuD amount of each and every surh payment shall bear interest from tht ~ date thaeof until paid at the nu of ten ptr antum per annum; and all said cnats, chatga and expensa so incurted oz paid. . ~ together with such interest, shall be:ecvred br the lien oE this mortgage. • ~ ~ ~Q~~~ ~~~r~L7~i . ~ ~ ~ . ~ - ~ ~ , ~ ~ ~ ~ ~ ~ : a a~.~~-~ F ~ ' . - s~~~.~