HomeMy WebLinkAbout0120 _ '••.'.•.~.•.5..+.•~.•:.'r'.~.•.'.4~.•.4•.•.•::.•.'.:•.•.':.:'..:~.~.•.:•.'.:•. . , . . ~
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FOR YAtUE RECEIVED the undersiyned, iomtly and severaliy PROMtSE TO PAY to the o?dsr oi 1
VAUGHAN WOL1~E RTON anci I Et~:N~ WOLVERTVN , h i s wi f e,
' Six thousand two~htindred and no ~100--------•---------------.-_____..------ p o? t A a S,
; d+ P. ~ 0. _ Box 634, J~nsen 8eaeh, FlOrlda 33457 0~ such oth~~ placs ss the holder ~
; hcreof may desi~n~l~ I~ wrilinp to~eth~r with inMr~st from ,
~t ~h~ rif~ of ° p~r centum p~r annum on the unpaid balanc~ un1i1 matv?ity. The ~aid principal •nd interost thall
f,e dv a~d payabl~ as follows:
~i03.34 a~onth, the firs~ payrnent beins; due one month fratn dar.e and cantinue
~~~r eact: month tt~ereafter until paid. This note may be prepaid at any time
~ •.~i~hout p~nal~y.
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ff d~fwh b~ m~d~ fe• 15 d•ra ,n ~b~ par:s»~t o/ any natsllwKwl of priecipal o: int~r~at or a~y past ~h~r~o1, eh~ whel~ aum fhen r~ieaie:ap
unp.id wiM iwt~e~s~ t~dl ~t hold•.'s ep~mn S~co.w• dw and p~yabb W~IAOV~ ~ohi~. F..~v» ta •~ercit~ svcb eption ~Mi1 nol contt•~~IRo~ `,rs:va• oi 1ha
.~ghr N•a~~eif~ fIK ~~w~ in 16~ w~M ol wbuawnt d~/~a~1. Aiar rn~rynh both pri.~cip~! and au~~ei u+~r~~s~ ~~~II 6~u iw~sr~s1 ~t V Io p~. c~nev,n ~
. ps. ~nn~w wM yNi- . rM rw~~~rs and ~ndori~n ef tl~is oof~ (~~tti~. r?a.~• d.~nand. noNc~ of o0e-payr..oo~ ~wd p,ore+~. If Ihis aote u not p~~d a~
r..~lvrir ~nd IM s~ i~ placd ~ri~h ~n •ttorw~~ (or aoil~u.on, fh• m~a~ra +nd ~elo~~cn h~reof sg.~~ to p~y a(1 cost~ of roii~,~~an, ~nit~~iry att :eaH
<us+~ ~wr a?asoaaW~ atferw~r }~~s. ~ .
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and sha)1 Quly, promptly and fully pe~form, d~srnArKe, ex~cutP effr+~t, c„mpletr, roruply wtth and nbtde Dy eaeh
and e~en• tY:e stzpu:auon~, agreements, rrnditiun3 ar.d rovenan!s uf v:ud F:r.~rr.a~~ory note and nf this mortqage,
then this mnr:gage and the estate hereby creatrd shall cCase and Ge r.~~! ancl ti:,;;l,
It ~a understoad that each of the wosJs, "note." ' murtgagor" and "mort~aKee" respectively and the pron-
ouns referring ;iaereto, whether in thr senguler or plural anyvvhere in ihis mnrtKage, sha~l be singular it one Only
and ~hali be p1u*ai jo:n2ly snd se~~eralty, if mure thwn une, and s~ali be mri9culine, feminine and %ot neuter, wher-
e~•er the con:ext so imphes or acim~ts.
And said Morigagor for tumaelf and tus heirn, Iegal representatn•e~, yuccessors and euaigns, hereby coven-
an~s ana agreea Lo and with aa.id I?Sortgagee, T.ia legal repre~entative+. ~ucressors and as~ign~:
1. To pay all and singular the pnncipal and snterest and the vanous and ~~ndrv st~m9 0! money payabte bq
vir:ue of satd prom~ssory note, and tJua mortgage, each and every, prompUy on the da}~s re~pectively the aame
~eve: ally become due.
2. To pay all and ~inquiar the taxes, as~essments, te~•ie~. l,abiLties, obliRaUens and incumbrance~ of every
nature and kind now on said descnbed proprrty, and or that hereatter may be ~mposed, eaffered, placed. IB~~ed
or assessed Ihereupon. ar.d; or that hereafter m:sy br lr.•~ed o~ a.~s~~ssed upon ch~s mortgaRe and or the ~ndebted-
ness secured hereb~~, each and e~•er:•, K•hen due ar.d p:+vable a~•c~rrtin~ tn law, belore they become del~nquent,
and br:ore Etny anterest attarnes ~r any penalty :y u~~ urn•d, and :n so far as br:y thereof ia ot record the same
shall be aromptly satisf:ed and ~.iischar~rd of record and the onRinal oflzc~al dncument lauch as, for iiistance,
ihe tax rece:pt or 'he sat:s[act:un pa;:er offlc:a:ty en~t~ry.•~i ~~r ceritfsPd~ shalt De ptaccd fn the hand~ of Aaid
~toriRagee v~~.hin ten ~AV9 next after nayrr,cn:; and in the rvent that ar.y thereot ~s no[ so paid, ~atished and
d~scharged, said AtortRa~eee may at snY t~me pay the s:.me or any ~.art there~~f w-ithout wae~ting or atfecting
any option, tsen, equi[}• or rtght ur..:Fr or b~' ~':r,uP of th~s tr:nrt~;ay,e, and the full amount ot each and every
such pa}ment shall b~ ~mm.•:iiatrly d~ie ar.,i f•ay;,hSe .~n~i shaU bear ~ntercct from the date tAereof uniil paiQ
at the ra!e o! ten per cNntusn per annum and t~.~eth~~r u:th such irttereyt shalf be secared by the lien of thi~
mortgage.
S. To piace and continuously kerp on the bw!d~~~~ n;~w or he~~after sib~a[e on said land flre and wind~torm
insurarsce in the ii~~ial ..tar,dar~1 pnlu•y farrn. 1n e~um nnt les~ than s Maximum ~n ~uch com-
pany or co~n;~- ;i~ s as may be aF~prc~crd bV sa;~l ~f~~rt;;~,•~ e, an~i alt suc h insurance p~licies on ar~y of ~~?id build-
ings, any :htrrest thereir. or part thereof, ~h the a~~r.•~ate sum a[orPVaid or in exce9s thereof, ~tte11 corstaen !hs
vsual standar<f n;nrt~;A~v~ ~laissr mak,n~; the I~:~~ ur~i~~r said {~aLcirs, ea~h and eti~ery, payable to se~d 1liortga,-
gee a~ his ~nteres; ma~• appFar, an i F•ach ar.~i F~•r~ s,~~ h pr~i:cy ~h~?1! be pmmptly del~~•ered to and held by eaid
~tort~agee; and. not tess than tcn ~favs m a~i.~am e r~f tt:e Pxpiratmn of each pol~cy, to deliver to sald MortR~?Ree
a rene~.eal there~~(. tnQether w~~th a rece~pt fnr iAP (1fPfRilt~T1 r~f ~~~~h r~n~wwl: anA thPre ahaJl be no such insur-
ance placed on am• ~~f said bu~2~iir.Ks, any ~nterest th~r~~n ~r pArt thereof, unleo~ in the torm and with Lhe loaa
pa~•able aa aforesa~d; and ~n the evPr.t any aum ot money become~ payabte under ~uch pollcy or policiea said
Mort~;aQee shall ha~~e the opti:~n to recen•e and applY the ~xmr nn account u[ the iZdebtedness secured hereby or
to pPrmit sa:d ~fort~s~or to rerei~•P :?n,i u~e it or erty Fre-t thereof for other putFw~e~ without thereby weivfng
or ;m~air.ng a^~• eq~iit~. lien or r~ht under nr by ~•irtue of tt31s rtiorcgaRe; and in the event sai~l Mortgagor ~hall
for any :~~asn~ f:+~! to {CPP~ the sa:+t pr•~m~a~s sn in~ur~A, or fail to dNlver promptly any ot aald pol~cie~ of
rr,suranc• to s3iJ binrEfi3R•,e, or txil prornptlv to pa4 f~iHy any premium therefor, or m any re~pect fafl to per-
torm. d~schar~e, rxer~itQ, c~ffect, comp3ete. comply Kith nnd ab13e by this covenant, or any part hereof, aaid Mortg-
egee may piacP an~i Eiat~ for such insu*nnce or any part thereof w~lhnut walving or ntfectinq sny uptinn. 1l~n.
eqw[y or r.Rht under ~r b~• ~•irtue of ttus mor[~a~e. an~! th~ tull amount ot each and every such psyment ~haQ
be lmmediately duQ anA pa~•aDle and shall bear intPrest from the date thereo[ untlt paid at the rate of ten per
centum per annum nnd t~Rethe~ with auch tnterest ~hall be secured by the lien of this mortgaqe.
To permft, commit or ~utfer no Kn~te, ~mFairment or deterlorstlon of aald property or sny part thereof.
b. To pay al) and sin~vlar the ~o~ts, charRea end expenxs, including reaaonable lawyer's fees a~d cwt ot
aDstractn ot title. Incurred or pald wt any tlme by sald Mortgagee because andior tn the event of the tallurs
.on the part of the sald Mortga~or to duly, promptly and hilly pertorm, dlscbarge, execute, etfect, complete.
comply w~ith nnd abtde by each and every the ~ttpulationa, agreement~, conditlon~ and covenants of raid promis-
sory note, ar.d thi~ mortKa~e, nny or either, and ~afd costs, charge9 and expenses, esch and every. aha11 be !m-
mediaiely due and payable, n•hetAtr or not there be not~ce, demand, attempt to coliect or suit pending: and ths
fUll amount ot each and every such peyment ahall bear intereat trom the date thereof untU pald Rt the rat~ o!
ten per centum per annum; and a!I safd coete, ct?erge~ and expeaeer w lncurreA or pAid. together wlth ~uch !n-
tenat, ~hW be secured by the llen ot Ws mortgage.
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