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HomeMy WebLinkAbout0331 ~~43rtr'G~'.L`~f?t?'~.S.S~f.•.L3.fr~i~r's~.?.!.•r•.titi'.LS.•.'.'.S.~i•.'.t.~.~.•••.•••.•.~.••4~.?.Sr~.?.•r•.•.~0.'s••S.S.~.~.~.Sr•.~.•••~•.'.•••s~.'.••?.?.~L4~atr'S?Y. ~ S 3~4:,~46.R4Q.._------- 12.--~~t~tu.~x~t----------.._ . t9 ?b... ~ FOR VAIUE RECEIVED, tht uedeni~ned, ~oinNy and sev~nlly, PROMlSE TO PAY to th~ ord~~ of____________ ~ ~ .~t~ncx~B~_~.oaxArs,_.sx._------------------------- . ~ -------------------------------------------------~----_._.._..._.._.----------._..m~_______---------------------------------_.-------------------_._..---•---. DOIIARt ~t ------Oke@~h~o~2~B._.8o~8d,..Fott--~ier.Ce,---~'lorida_~~.4~Q~...---------,- o. such otl+er ptacs a: th• hold.r henof may d~sipns» in w~itin~ to~~ther with inler~st f~om _.5~8~~4__~hOb[I1..8hOYS..----_~.---...__....------•.-------•-----••--•-. ~ ~ at th~ nt~ ef _w__~_~ p~F ~s~ium ps~ a~num on the unpald balaec~ untii msturi~y. Th~ said principal snd intK~st shsll j be dw and psyabl~ ss fo0ows: THE TERMS OF THIS TWENTY (20~ YEAR NOTE SFIAI~L BE: ' ~ 1. Interest with no principal due for the first three years. ~ 2. ~10,000.00 annually with interest ~rom the fourth through the tenth year ~ for a total of ~']0,000.00 plus said interest. 3. $20,000.00 annually~with interest from the eleventh thraugh the fifteenth ~ aar for a total of l~100,000.00 plus said interest. 4. ~25,Oi~0.00 annually with interest through twentieth year and paid in full. ~ N AfavM b~ a~sd~ fM dars :~M p.r~w.wt ei ..r ~w•~adwK.~ d~ri~c~p•1 ~t iwbMSt ~r ~wr puf lbtee~f. tM wMb ~v~w tM~ ~~u~uwiw~ - D uepii~ wilh i~hn~t ~bsq a! twWN s ept+ow b~ceww dw awd pay+ble wi11wW weHc~. hiirn t~ ~x~~as~ wcl~ eptiew sAaM u~1 sowslitYh a ~iw~ ~f ~M r~yht N~asrcif~ tM sas~ iw eM ~r~w~ ~f s~bs~qwwt ~slsvh. AiNr iw+tvrifr boN~ prinsip+) a~~ accrwd iM~hs1 sha4 Ma iwhr~st d__r~ ~r c~~hrw ~ Pe~ ~wwwi w~ i1w wak~es ~~wd~n~n ~f tlrs aeN fnAM~ waiw de~nsad, woNu of ~eniparw~M aw~ p~N~st. K Ibit ~i/e ~ wN pa~J M m~twily s~ flr sa~w ia pl~c~d ~rit? aw ,no~w•r fe. coll~diew, tlw w~kKS sw~ ~edeswes INnoi ayn~ N p~r ~M sosls ~i aodecfiew. isct~d'in~ ~p ew~1 i ~ coils aw~ n~~sW~ aM~+w~r hN. 5. The final payment due twenty years (20) from ~he date shown above ~ shall balloon~to cover the balance due on this note plus interest. • ~ ~ ~ ~ GO_R~.~_~,~ANA_D~YELQPMEI3T.r._J:IIC_._- - ls~?U _ ~ . . - . An.s~ S E A I, ~ BY : .~~,~~r_ ~_.(SEAt) ~ ~ - - - ~ ' resi - . • - ~ s ' - - t ~°?U : ~ai!s.rs ~l~S¢~1~1~?SIJ~fI~~~r~l~I~~~f?~I~l~l~I-~~~i~!-~~51'fJ~4~l~1~J~~1j~fi~fl~fr~lfl+~~1I~~f1~1~~lfl~i~I~~~I~~~~~~~i~I~~~s~N~I~I~if1S~~~?~l~1~.I~O• . Y and ahall duly, prowptly and fuDy perform, discharge. execute, eftect. complcte, comply wlth and abide by each and every the atipulaUons. agreements. condltions and covenanta o[ aaid prom~saory note aad of Ws mortgage~, then thL mortga~e and the estate hereby created ahall cease and be null and void. It ia understood that-each oi the wonis, ••not~,.• ..mortgagor" and "moRgages" reapecUvely and the pron- ouas reterring thereto. whether in the singulsr or plural anywhere 1n thls mortgage. uhall be singular if one onlr ~ and shatl be plural ~inUY ~~verally. if more than on0. and ahall be meaculine. feminine and/or nenter. wher- ever the oontext so itapliea os admlts. , And said l~ortgagor for hfmself and hls heirs, legal representatlv.es. succeasors and asslgeu, hereby ooven- snta ana agrees to and Nnth srtd ][ortgsgee, hia legal sepreaentaUves. aucceasors aud assigaa: ~ 1. To ~ay all and aingular the principe~l and interest and the varlous and sundry sums oi awney psysble bj? ; ~ virtue ot said proa~ssory note. and thLs mortgage, each and every. Pramptly on the daya respectlrely the aams severally becorne due. ~ G Z. To pay ell and dngular the twcea, assessments, levtes, liabilities, obllgetions and Inc~uabrances of eves~ ~ nature and klnd now on esid described pmperty, andlor thst hereafter tnsy be Unposed, autiered. pla~ced. levied f or assessed thereugon. andlor thst hereaites' may be levied or asses+ed upon this mortgage and/or the indebted- j neas aecured hereby. each and every, when due and payabTe accord3ng to law. before they become deltuqueat, ~ and before any interest attache~ or any penalty is incurred; and in so far as any thereof is of reoord the same _ ahall be prompUy aaUafied and dlschargcd of record end the or~ginaf offidal documeat (auch as, tor lnstance. the ta~c receipt or the satiataction paper ofticially endorsed or certified? shall be placed in Rhe bands ot sa1A Mortgagee withtn tut days next aiter payment: and In the cvent that any thereof ls not so pald, aatisfied snd dtscharged, asid Mortgagee may at any time pay the same• or any part thereot without waiving or aftecting f sny option, lien. equity or right under or by virtue oi this mortgage. and the full amount of eACh and every } such payment ahall be immediately due artd payable and shall bear intere~t from the date thereot untll paid at the rste of ten per centum per annum and together wlth such intee~eat ahall be secured by the llen oi thla mortgage. _ 3. To place and continuously keep on the buildin~a now or hereafter situate oa said land Are and w[ndstorm iasuiance in the usual standard policy (orm, in a sum not leas than =....._~~~.QO~.QQ...._._ 1n such eom- , pany or comp^nies as may be approved by said Mortga~ce: and ali such Inaurance poUcies on ariy of sald build- f 3nga. any interest theretn or part thereot, in the a~~regate aum atoresaid or in excess thereot. shall contain ths usual st~ndard mortRagee clause makinq the lor.~ ur.der said policies, each and every. p~yable to sald Moctga. gee as h1s interes[ may appear. and each and every such palicy ~hall bt promptly delivared to and held by sald Mortgagee: and. not les~ than ten daya in advance of the expimtion ot each policy, to deUver to asld Mortgages - a renewsl thereof, toRether with receipt ter the premium at m~rh renewal• and there shalt be no such lnaur- I ance placed on any ot sald Luildinga, atty intereat therein or part theteof. unles~ In the form sad wlth the loss payable as a[oreaaid; and in the event any anm of money becomes payable under such poUcy or poUcid sald I~ortgaget shall have the option to receive and apply the same on sccount of the indebtedne~s secured hereby or to permlt said MortgaRor to recelve and uiee it or any part thereo! for other purpo~es wfthout thereby wdvlog - or impatr[ng any equity, tten or rfqht under or by Wrtne ot thls murtgage: and in the event sstd Mortgagor shall ~ for any rea~oa tail to keep the satd premise~ so insured, or feil to delfver prompqy a.z~ ot sald poltciq oi ~ insurance to aaid Mortgagee, or laitprompUy to p:?y tully any premium theretor. oe in any nspect fail to pet- form, discharge. execute, eftect, complete, comply wiih snd abi~e by thls oovenant, or any part hereot, ssld itortg- ~ ~ tgee may placc and paq for euch insurance or any part thereof without waiving or atfectlng any option, lien, eqult~ or eight under or by virtue ot this mortgage, and the t~U amount of each and every such psyment ahall be immedictely due and payab)e end ahall besr intereat from the date thereot untU paid at the nte of tet~ per centum per annum and together with such interest shalt be secured by the Hen oi thb morigage. ~ 4. To permlt, commlt or sufter no waste. impalrment or detertorstfon oi said propesty or an~ part thereo~ - ~ 6. 7'o psy all and dnguirr the costs. chuges and eapenees, includin~ na~onsDla laM?yei'~ fees and co~t ot abstracts oi UUe. incun^ed or patd st sny tlme by sald ~[ortgsgee because and/or In tha eveet ot ths fatlurs an the pait o! the said Mortgagor to duly. promptly and !W ly parforrln, di~chasge, execut~s. efiect. completer oomply wlth and abida by eac2? and every the stipulations, agreement~, condittona aad oovcnanb oi said grorais- aory note, and this mortgage, any or efther. and said coats. charga and espeasea, each aAd every. shW bs Im- mediately due and psyable. whether or not there be notice. demand. attempt to collect ot ault pending: attd th~ iWt amount of each and overy sucA payment ~hall bear interest irom ths dats tbee+s8t untll p~id at the sate ot tea p~r centuan per aaaum: and all ssld oost~. chsrgea aad u~P~ w tncusrtd or p~iq, toget2~r wrltb sucb 1a- tera~ abW bs secured bp th~ Uea o! lbii mortga~. _ 'r ~ PAGE e~Jl F.:~ .~1._ u _ . _ . - _ _ p