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Home My WebLink About0384 . S 40..000.00 July 8 5 • Vero 6ca.h, Fl~rida - • - . - ; ~ AS below s~eeified ~f,e~ ~te, 1, ~vc or eithcr of us prumise to pay to thc ord:r oi ~ ~ ~ LILO hi . OLSEN ------------FORTY THOUSAND AND NO/ 100--------------------------- - ~ - ' q0' LARS - - . for value receivcd, First Citrus Bank of Indian River Count , Vero Beach . - . - - - - - * PaYable at_- - - - - - a _ Florida._•---- - . . . . _ - _ . with inierest ~ J A4onthl us ` from___ rI_ /.~P~_rI J.._.at the rate of _-9 per cenl per ~nnum ~nti) pcid; inte~est payaule U~loW ,5peClfl'Cd ' _ ; f.nd cash of w Kheti~er makcr, g~ar~nlcr ar endwscr. Fwraby scvcralty vYaives a~1d rencun.~s ar,y „(~d ~'T R~m.~tcad excm~~i~~ rib~ts we m~y ~ ~:.vc un:icr the C.~.~stitufi:n or Laws of fhe Stase of F:c~i.ia, cr any Whe: S:atc or Un~t_d ;t~te,, as ~,;a~nsf tKs ncte; J'kS C3CI1 IW:Ih'f wan.s 4...u•.d, ._•.ce of ae:n-pa~r~.enr and p:otest, and in the e~ent it ik.omes ncce:sory to w::eef th~s no!e thr~eh an ati.•.e.y, a,recs fc pzy ~fl c:..ts u( cc:'ccuc~, ~.;~,Lng rc~scna~:a atWrmzy's fce. 1'he princip~l and interest of this note shall be due and payable nt the rate af g500. QO per month commencing August 8, 1975 tind continuing on the 8th day of e~ch ~nd ever}~ ~ n:cnth theret~fter until suid principul sum is paid in full. Interest shall accrue ut the _ i z•ate of 9~ per annum on the unpaid balunce from time to time rem~ining und all payments shull be ~pplied first to accrued interest and rem~inder to principal. In the event of a default in any payment of principal or interest which default shall not be corrected ~rithin 30 days thereafter , then the entire remaining unpaid bulance shall immediutely become due and paynble 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 . PARARIOUNT AQUARIU~I, Ir'C. (corp. seal) . BY /s/ Ferdinand Cochu ; ---T - - _EAl Ferdinand Cochu , Pre ident ~to. Due--------- ~Atte& •t. /s/ Doroth~l~i.__Coc~uAssist~nt_. s~.~~ ~ Dorothy D~I. Cochu, Secretar~~ i and shall duly. promptly and itilly perform, di~charge, execute, etfect, completP. complq with and abide by esch f and e~~erv the stipulations, agreements. conditions and covenanta of said promissory note and of thie mortgage. then this mortgage and the estate hereby created shall cease and be null ann void. It is underatood that each of the words, "note; '"mortgagoY' and "mortgagee" respectively and the pmn- ouns referring thereto, whether in the singular or plural anywhere in this mortgage, ahall be singular 3! one ody and shall be plural joinUy.and severally. ii more than one, and shall be ma.4culine, feminine and!or neuter. wher- ~ ever the context so implies or admits. And said Mortgagor for himseli and his heirs. legal representatives, successors and asslgns. hereby ooven- ants ana agrees to and with said Hortgagee. his legal representatives. successors and assigns: 1. To pay all and singular the principal and intereet aad the varloue and aundry aums of money payable by ; virtue of said promissory note. and this mortgage~ each and every. pmmptly on the daya respectively the same i aeverally become due. ! 2. To pay all and ~ingular the taxes, assessments. leviea. liabilities. oDligatione and incumbrances of every ~ f nature and kind now on said described property, and/or that hereafier may be imposed. auffered. placed, levied or assesaed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ~ j ness secured hereby, each and every, when due and payable according to law, before they become delinquent, ; ; and before any interest attaches or any penalty is incurred; and in so :ar a~ any thereot is of record the same ~ shall be promptly satisfied and discharged ot record and the original official document (auch as, for instance. :he tsx receipt or the satisfaction paper officially endorsed or certified? shall be placed in the hands. of said ` Mortgagee within ten days next after payment; and in the event that any thereof is not eo pald. sati9fied and dlscharged, said 1?fortgagee may at any time pay the same or any part thereot without wai~Zng or affecttng any option, lien, equity or right under or by ~ irtue of this mortgage. and the full amount oi each and everq such payment shall be immediately due and payable and shal! bear interest from the date thereof until paid at the rate of ten per centurn per annum and together v~zth such intereat shall be secured by the lien of this . mortgage. 3. To place and continuously keep on the buildinfia now ~or hereafter situate on said land fire and windstorm insurance in the usual standard poticy form, in a sum not less than i 1n auch com- pany or comp^nies as may be approved by said 1?fortgagce; and all such insurance policiea on any of said build- ings, any interest therein or part thereof, in the aRgregate sum aforesaid or in excess thereof, ahall contain the usual standard mortgaAee clause making the loss ur.der said policie9, each and every. payable to said Mortgar ~ gee as his interest may appear, and each and every suc•h policy shaU De promptly delivered to and held by said ]1lortgagee; and, not less than ten days in adeance of the eapiration of each policy, to deliver to sxid Mortgagee ~ a renewal thereof, together with a receipt for the premium of vuch rnnewal• and there ahall be ao euch insur- ance placed on any of said buildings, any interest therein or part thereof, unles~ in the form and with the lose ~ ~ payable as aforesaid: and in the e~ent any sum of money becomes payable under auch pollcy or policies said Mortgagee shall f~a~•e the option to receive and apply the same on nccount of Lhe indebtednes~ secured hereby or ~ to permit said 1liortgagor to recel~e and use it or any part thereot for other purEw~es without thereby waivJng or impairing any equity, lien or right under or by ~ irtue of this mortgage; and in the event sald Mortgagor shall for any reason fail to keep the said premises so insured, or fail to deliver promptly any ot said policies o! ~ ingurance to said Diortgagee, or fail prompUy to pay futly any premium theretor, or in any reapect fail to per- ~ torm, dineharge, execute, effect, complete, comply w~th and abide by thia covenant, or any part hereof. said Mortg- _ ~ agee may place and pay for svch insurance or any part thereot without waiving or aifecting any option, lien. ~ equity or right under or by virtue of this mortgage, and the full amount of each and every aach psyment shall ~ be immediately due and payable and shall bear interest trom ihe date thereof unttl paid at the rate oi ten per centum per annum and together wlth auch iaterest shall be eecured by the lien o! thls mortgage. ~ 4. To permit~ commit or suffer no waste. impairment or deteriosaUon o! aatd property or saq part thereoi. ' ~ 6. To pay all and eingular the co~ts, charge~ and expenses, including reasonable lawyer'a fees and coet o! ~ ~ abstracta of tiUe, incurred or paid at any ttme by said Mor[gagee because end/or in the event of the tallure s on the part of the said Mortgagor to duly, promptly aad fully perform. dlscharge. execute. effect, complete„ ~ " comply with and abide by each and every the stlpulations, agreementa, condiUons and oovenanta of said promis- ~ ~ eory note, and this mortgage, any or either, and said costs, charges and e:penses, Mch and every, shsll bs im- ~ ~ mediately due and payable, whether or not Lhere be notice, demand, aitempt to collect or enit pending' and ths ~ full amount of each and every such payment ahall bear interest irom ths date thet~eoi unttl patd at the rste of ~ ten per centum per annwn; and all eaid cwets, charges and e~cpeass~ so fncun~ed or patd, together with such 1n- ~ terest, shall be secured by the llen oi this mortgage. ~ ~ ~ ~ ~flox z~z PACf ~ ~ ~ ~ ` ~ .~~~~,~.y~'' d,+~ ~ ~ ~ _ . . _ ~ . ~~x - . - ,~`v~°as~~^L