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Home My WebLink About0364 1~ NOTB 63 4 5.00 Fort Lauderdale, ~j ~o~,, .?uly 2 ,19 75 ~ Far valw received tbe undersi~rmd p~omises to p~y the order oF ROBERT C. BISHOP ehe principal sun? of 4IXTY_~(BEE THOUSAND FOUR HUNDRED SEVENTY-FIVF. ~~~r: 47 Op to~etAer with iate~est fhe~eon lrom date~ at the t~te oE • J V~~_ pe~ cent~ ~ annum until maturity~ ~ ~~OORR10! ~ both principa) and interest being pay~bk i~ hwful ax~r UNted States or ib equJvalent, at 271~ N. E. 40th Street, ForC Lauderdale, Florida p~ipal sum to be specifled below. tawit: paYahle on the datc: aad ia the aaaunts Ten (10) equal annual principal payments in the amount of $6,347.50 plus accrued interest, shall comamence on July 2, 1976, and shall be due and payable on the 2nd day of July of each and every year thereafter until said principal and interest are fully paid. No penalty for prepayment. Interest to date of payment only. Sad~ ~naker u+d endw~er severdlr ~rdve~ de~ed. pelat ~ad noHo~ ot w~turih. sow-P~~t or prote~t ~od dl er~uiremenb aeatrary b 6oid s~d of tlem liable at m~ke~s ud endonets. Eac6 ma4er ud eodottet turther ~srce~, ~ointlr ~ed ~everaU~r. W par •p cosb d coUectioa. iaclndin~ • re~wo~We ~Nomey~ Eee In eue !!e peieciyal ot tAis aote or ~wr p~~yaKat os the priacipal or ~r ute~est Wrcow is ~ot paid ~t dK res acurib ~neo/. ~iefber wit Se hrou~t or wot. ~ PK~tiw atoritr t,ereo(. w is n~e it beoo~eef aepwr~ b paMet tM T1u ml~ ~nd de/erred interest pa»aenb ~1d1 Deu iotereat ~t t6e rats d 7•~v/o per cent. Pe? ~naum trom m~ewib mb7 p~id. T~is w+~e h tsc~rtd Ar •(irst aw~tp~e ol eren date laewitL ~sd b to be constr+~ ~nd ea(oreed ~ccordin~ to H~e I~ws d tbe St~te of Florid~; apo~ d ~ O+y~bie~ ot~~vi~tlatt~~~d~ei~r t~ea~or.intere~t dw a~ aer aot~ ~red b7 uid Mati~[~. ~lt nota w sscvred ~od rem~iniai mp~id ~Wl (at~wdti beaor PENLANTIC CO.,INC. - ~y • /sl_ `Ls.. Y. BQwcnan . ~jr . ,s~~ . . , . , ~~en~ ~ . TUNING, in ng tsau- ~nd slrll duly. PromptlY tud tuUr p~rtorm, diicls~t~~, u~cvb. ~tt~ct. compl~te, comply writh ~nd ~bide by cach •nd ~very th~ rtipul~tioos, ~rNa?eats, eonditions ~nd oowtinb of Mid proeni~wry note and o( this mortg~ge, then this awrt~q~ uid ttw qqt~ M»br erMtd ~11 cNS~ ~nd b~ null u~d roid. ' It is uad~rstood tfut e~ch oI tM wrordi, "~wt~ ^"mocti~or" ar~d "mortga~ee" respectively •nd the pronouns re- ~ f~rtin~ thento, wrMth~r in tb~ sin~uLr or plunl ~nywhere in this morts~~e, s}ull b~ sineular it one only •nd shail be plutal joiatly and s~wnUy, if mon than one, ~~d ~hall be masntlin~, itminirte ~ad/or aeuter, whe~ever tAe conte:t ao , irapliw or ~dmit~ Md ~aid ~[o~~or tor !?iaa~lf ~nd his Mirs. IKaI npr~ot~ti~~s, suec~sson and ~ssi~ns, Mreby convenants and ~~rws to and with Mid Mwt=~w. his let~l rrpr~eaatives. wceMwn ~nd a»i~ns: 1. To p~y ~11 ud sin~ul~r tM principd ~nd int~rsat ~nd t!N various and wndry sums ot morny payable by virtue ot wid praeinory noN. ~nd this morts~~, e~ch ~ffd ~wry, promptly oe tM days nsp~ctively the a~ms severally De- com~ dw. Z. To p~y a1! ~ad mptLr tL~ tar~. ~s~nsma~U. i~vi~s li~bilitas, oblis~tions ~nd incumbr~nc~s of every n~tur~ ' tL II ~nd itind eaw oa said d~saibd pmop~rtp. ~nd/or th~t Mrsaft~r may b~ impoMd. wtfer~d. Piseed. l~vi~d or ~ssnsed s i tl~wpon. ~nd/or tA~t b~tMtt~r m~y b~ l~v~d ot asNwd upae tbi~ aart~Y~ and/ot the indebt~dness secured her~by, ; ! Neb ~nd ~r~. wb~a dw ~ad p~~nb4 ~coordia~ to lawr. b~ton tMy Mooa~ d~tinqwn~ ~od b~fon ~ny interest ~tt~cMs ; I or ~nn~r pra~itp a ioeu+r~d: ~nd 'w w f~r u~nr ttanot i~ ot nco~d tM Men~ ~6d1 b~ promptiy atidied ~nd dixh~r~ed f f oI ryeotd ~nd tb~ oe~ind officid docum~nt (such as. [or instane~. tl~e t~ neeipt or. tM s~tiat~ction p~per oiticially en- , ~ dorad or e~ttifi~d) ~b~ll b~ pLe~d in ths iunds o( Nid Morq~a~N within t~n d~ps tfnt ~tur p~ym~nt; ~ad in the event ! i that any tMr~of is oot w paid, wtisf'ud ~ad discMrt~d. Mid Motttq» ~y ~t ~ny tim~ p~y tA~ s~me or any part ; tlrr~ot ~ritbout wniries or dt~etie~ ~u1 optioe. ti~o. puity ot ri~ht und~r or er rirtw ot this nwrtpp. ~nd th~ tull t ! amo~nt oI a~cb aad ~~r web p~ym~ot ~lull b imn~~d'ut~y dw u~d p~rsbl~ and s6a11 bwr i~t~nst [rom tM date ~ tlwnot mntil p~id at tb~ nt~ of t~n. qr cw~tmn qr annum ~ad taptl~ ~rith ~ucb int~nst s6a11 be s~cund by the . li~a of this mort=~. . 3. ?o pi~c~ ~ad oontiauoudy ~Mp oo th~ buildin~s tw~r or h~rwftK sitwt~ oo s~id land fin ~nd wi.id~torm in- hi hest insurable- ~ur+~ne~ in th~ wwi shadard poliey twm, in • smm ~ot lp~ tlrn f__. , u~~~mp~r.y ~ ot aompani» a m~r b~ ~ppro~~d bp s~id ldortsqM; ~nd ~ll w~eh inwuano~ polic~ on Ny ot s~id buiWinp, any int~rest tlrr~in ar pct tbwrot. in tb~ ~qrK~t~ w~n ~for~jd or ia ~ow th~noE. sh~ll aoatain tb~ uaal ~t~ndard mo~~pe elaw~ m~kint tb~ las wid~t rid policiM. wch aed ~~~ry. Pqnb1~ to Mid Iitorq~~w ~s di~ iot~r~st m~y appe~r. ~nd ~ Meh ~nd ~+y weh polie~ ~11 b~ Pr~PVI? d*liwrd to ~ad hsid bp wd ~o~tp~M; and, not lu~ th~n ten da~n in ~d~ranc~ d tb~ apintioa ot ~ poliep. to ddiwr to ~aid 1Ro~a~N • m~v~l tM»ot. to~~th~r writh • reuipt for th~ pnmimn of w~ch r~wral; and t6e» ~q b~ no w~eh inw~rma plae~d on ~nr ot s~id buildinp, ~y interest thenin or p~rt tb~r~ot. unlw ia tIr tarm ~ad ~rith tL~ ba p~y~bN a do~~id; ~nd ia tb~ ~nnt my wim ot mon~y beeomes tL Pqnbl~ undrr wc6 poliep or polieiM wid 1RatsqN ~ull dv~ tA~ optiou to nc~iw aad appir tb~ wne on ~ecount ~ d t6~ iad~bbdnw~ ~e+tr~d 6~nb~ or to pu~nit wd ldort~or to t+ain ~ad u» it or ~ny put U~ereof tor otb~r ptuyow witlwut th~nb7 w~i~in[ ot imp~irin~ ~nr puitr. Iwn or ri~6t ~mda~ o~ bp virtw ot thir mott~~r. and in a dr ~ot rid ~atp~ar tbdl tor ~ny ~w~on fail to ~p ~ wd pnmiw~ ~o iow~nd. or fW W d~liv~r promptly ~ ' ~nr oI M1d policiM ot irauna~ W Mid IitatpiM. ar l~i1 O~A~17 m wr ~r ~7 V~+~~ tb~ntor. or in any r~sp~ct Pwt di~ch~. ~eub. tff~et. oompbt~, ooatpir writ6 ~ad abid~ bp t1~is oowwn~ or ~ny part ber+of. ' WI to otm. ~ Mfd ~~M Td~ P~~ ~ O~7 far w~cb insur~ne~ oe ~ny p~rt thn+~of witMut w~i~ia~ or ~tf~ ~n7 option. ii~n. puity or ri~ht und~r or bp virtw ot t6is mort~K~, ud ffi~ tup ~ao~uat ot Mcb ~d rrery weh papm~nt ahrll b~ iat- ~ m.dutety dw wd p.~.bl. .nd al,.tl b..r int~r~st trom tb~ dat~ th~nof until paid ~t tlr rat~ ot t~a p~r cw~tum qrr anaum ~nd toptbK with wch inur+it sbdl b Meur~d br tlr li~o ot thi~ moces~. ~ 4. 1'o permit, aommit or w~(t~r no ~nste. ienp~irm~nt or d~uriotstion ot aid propartr ar ~ny p~rt tb~rwi. : = S. ?o p~~ all ~sd do~ui~r td oow. e~rlM ~nd ~nNS. ineludin~ rM~on~bl~ l~~rrir'~ f~ and eost of ~btraet~ ~ ~ ~ of titl~. ioeu:nd or paid ~t ~n~ tim~ b~ nid Nort~M b~au» ~ad/or in th~ ~~+t d tlw tailun on t!N qrt o! th~ ~ wid ~[ort~or to dulr. PraenDd~ and tu11Y PKfoem. d»elsae'[~. ~eut~. ~tt~et. eompl~u, oomply witb ~nd ~bid~ by ~ aeh ~ad ~wry tb~ ~tipuLtioo~, ~ts. ea~ditionr ind oo~unts d Mid proeni~wry not~, ~nd t6ir mortp~~, ~nY or ~itMr. ~nd aid eow. eh~r'LM ~nd up~nsu. McA ~ad ~nr~. ~li b~ una~diabir dw ud p~rbi~. alwtbu or aot ~ tMn b~ notie~. d~m~ad. att~myt w wU~et or suit p~odieK: aod t6~ fuU ~a~ount ot wt6 aad ~nry wrch p~ym~nt ~b~ll bu int~rMt frow tb~ dat~ tMrrot until p~id ~t tb~ rab oi bn p~r aaauo pr annum; ~ad ~ll ~id co~ts. eh~r~e~ ~nd ~ ~ ~~nsN w ir~curr~d or paid, toptb~t ~ritb w~eh intns~t. ~lrll b~ Meund bp tb~ Iwa ot this aiart~q~. ~ ~ ~ fl R ~ ~ RoOx P~f ~ , - r ~ n , ~ ~ ` ~ ~ ~ ~ ~_r~ ~ ~.h ~ . _ _