HomeMy WebLinkAbout0124 '~~.~.~.~.LL~.~•4~'.f.b+.S.b4•.L•.•.•.•. : :
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~ ; 7,440.00 _ July / ~ ~9 76 ;
` FOR VAtUE RECEIVE~, th~ und~rsi~ned, jainfly ~+nd sevoraliy, PROMISE TO PAY to the o~dor of 1
~ W_. . B . ._Ti1.TUN _ . _ . t
Seven .thausand 3nd four hundred and No/100------------------------- DO1lARS,
~ r~ P. O...Bnx. 1221, Jenset~ Beach, Floric~a 33G57 ~ such otF+er piace as th9 holdQ~
hereof may dQSi n~t~ in w~itinq together with in?srosf i?or» _ Jtll _y , 1_ 9 7 6
at ~FH ?aN of -$~n_ _ pK centum psr annum on the unpaid balance un~il mal~r~ty. The said principal •nd intorest shall ti
bb dw aad par~bl~ •s foilows: ~
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$150.05 a:nonth, tile first pa~ment ~iu~ September 1, 1976 a:~d conrin~ie ~
for each month t-:~~~r~~after ur.tii pai~i. Th: s sum o~= $1.5C?. U5 paid eac!-: ~
month shall, first be crcdit~d to iriteresC an~3 th~., rem~inder to ri~c ;
, principal of this c?~li~;atian. This n~te r~..~y t:e prep~:id dnZ• time ~ '
wi~haut ~enal[~r. ~
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N d~FavN M mad~ fe~ ZS days +w th~ p,~~~~ oI ~ny ;nshllw.enf ol pr:nupal er intr~~~l o~ rey parr th~,~ni. ~h~ v.l~ol~ s~m ~F.~. r~ms.n:nq
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urp~id wi?M irtr~~st sAsN u hold~r's o~1:vn O~ce~ dw and piy~bb M:II~O41 wo~!c• Fsi{w• te •~~rtiq sucA ~.yfioe •`•~all no~ toasUr~M s++~••+r c~f ~h•
~yhr h~x~rtis~ tM u~ in tl~~ w~nf ol arbt~Qwn! d~1•vif AFt~~ mat~ny de?i~ w~ecip~l and stcr~tid in~tr~s~ sA~lt b~~r ieNr~at ar ~/o ~r ~~nfv~n ~ z
ann~s vwlN Oaid. TI~~ n~ak~n ~ed ~oJarssn i 7his no~• EvAh~r waiv~ d~w~.~d, ~oe:.• e( nen-pay'w~w~ ~n~ p?Pt~s~ ~f tlus no+~ iti noe p~i! a1
tvrry N~~ tA~ s~w» if plac~d w~1i~ ar, •~rorn f aeNsct.w~, tM ~.~1~rt ~nd ~ndorse?s h~rto! ~One to p~ti alf cesb of co!'.~cfion, inc{vd~ng ~~I cev?f ;
awd huo~~bb aMorr~r E~. . 3
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; ~ Jen::en ~3each Iti~ius[ries , Ic~c. ?
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BY : !seai~
C. N. Tilton. its President ;
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artd shall du;y, prompUy and fulty prrtorm, di~charRe, ex~cutP, ef[rct. rompiete, ~~omply w~th and abide by eaeh
and e~en• the stipu:a:~ons, agreemenls. rond~t~o~~ and rovenants nf sai~i prornis~ory note and of ttua mortgage,
thcn itua mort~age and ihe estate AereGy created shzll cease and be null ano ~o~d.
It :s understood that each ot the ~ti•ords. "note." "mort~agor° and "mong:igce" respectively and the pron-
oung ~e(ernng thereto, w•hether in thr s~ngular or pl~raf anyvehere in thts mortgage, ehall be a?ngular if one only
and ~hall be plural jointly and severa:ly, if mure thnn one, ar.d shall M mrs.9cul~ne. temenine and/o~ neuter, wbet-
ever the con:ext so implies or adm~ts.
And ~aid Morigagor for him~elt and his heir~, legal represeniatia•e~, successor~ nnd assigne, he~eby rnven-
snis ana agreea to and w~th aaid Atortgagee, his legal representatives, succe9sors and as~ign~:
1. To pay all and singular the pnncipsl and intereat and the various ar.d ~undry suma oi money payable by
~irtue of aaid promissory n~te, and thu rr.ortgage, each ard every, prompUy on the aay~ respe~c~~e~y the aame
ae~•eraliy become due_
2. To pay all and aingular the taxes, as~essments, levie~, liabihties, obl~~stions and lncumbrances of every
nature and kmd now on said de+enbed property, and -or that herFafter may be imposed, aoffered, placed, leti~ed
or assessed thereupon, and~or that herenlter m:iy ~r !.•~•~eJ or asst~syed upon tAis mortgaqe and or the indebted-
ness secured hereby, each and e~•ert•, w•hen due and ~.:yable accordinR to law, before they become delinquent,
and briore any incerest attaches or any penaliy ~y !t:^UTTt•~~; AII~ in go far a~ any therPOf is o[ record the sams
shalt be promptly satisf~ed and d~schargrd of record and the unKinal of[uial document Isuch aa, for iitistance,
Lhe tax rec~ipt or Lhe ~atysiact.on paper off~c:alty en~iorsrd or crrtif~eci~ shall be p2aced fn ihe .hand~ of ~aid
11ort~aRee w~iT,~n ten days next after pa~:nent; and in the e~•ent thar nn} [hereot is not so paid, satisf~ed and
discharged, said atortgaGee may at eny t~me pay the s.i~ie or any part there~t w-ithout wai~-ing or af[ecting
any opt~4n. iien, equ~ty or nght i~n~i~r or by ~1rti~P nt ;h~s mortRsge, and thr [u11 amount of each and every
such payment qhail be ~mmed,atrly .due and {~ay:~hie in~1 .hall bear tnter~st trom the dwte thereot until paid
at the rate of ten per cFnturn per annum and t~~ge;h~r v~~th such interest ~nall be aecured by the lien of thi~
mortgage.
3. To plece and cont~nucusly kerp on tiie buatd~n~s n~~v? or hemafter alWate on ~sid land fire and windstorm
insurance ~n the u~ual ~Landard ,~>l;~y f~rm. ~n s aum r.~~t less than = r'~c1X1mUIII tn auch com-
pany or comp-ai~,s as ma: be appz~~~•ed bp sa3~l ~torty;a~~e: an~f nll surh msurance policiea on any ot si?id build-
ings, any intPrest therein or part thereof. in the a~~r~~ate sum aforesaid or in exce~s thereot, ~haII contain the
usuaJ standar,! m~ri~ageP ~lause mak,nR the l~~~s urd~r eaid poLcie~, ea~h and e~•ery, payable to saiJ !.i~rtgs-
gee ac his ?nteresi may appear, an~i each ar,d pPP; s:,, h pc~t~ry shall be promptly deli~~ered to and held by said ~
1~iortFagee; and, nut tesv than tcn davs in ad: an~e n; the expirat:on of each pol;cy, to deliver to setd MortgaRee
a rene~val thereof. toQethtr :eith a reeeept [nr chP prRmn~m ~t ~n~-h r~new•a1: and thrre aha11 be no such insur-
ance pfaced on an~• o[ <aid bwld~nRs. any interest therein or part thereof, unles~ in the [orm and wfth Lhe los~
pa}~ab1e aa atoresa~d: and sn the e.•Pnt any sum ~f money become~ psysble under such pollryo ur policiea said
MortQaQee shall ha~~e the opti~m to rPCe~~•e and arpty the 4ame on account ot the indebtedness securM hereby or
to prrmit said ttort~aRor to re~ei~•e and u~e !t or any part thereot !o: other purpoae~ without thereby waivtng
or impa~nng ant• equ~ty. lien or n~ht under or by ~•irtue of ch~s mortgsge: and in the event said Mortgagor shal!
for any r~:?sna fait to keep the Salrj F1iAOl~]r5 so ineurrd, or fail to dellver promptly any ot aaid policiea ot
insurance to said 11~*c~a~re, or frsil prompUy to piy fully any premium therefor, or in any respect fall to per-
torm, d~scharRe, exerute. Pffect, complete, comply a~th nnd abide by this covenant. or any part hereof, asid Mortg-
ageP may piace and pay for 3UC~1 in~urance or any part iherent withnut xalving or ntfectlng any option, lien,
equity or r.Qht under nr by virtue of this mortRage. an~ thc tull amount ot each and every such payment ~hAll
be lmmedialely duP an~i pa}•able nnd shnll beer intPrest trom the date thereof untll paid at Lhe rate ot ten per
centum per annum nnd toReiher with such fnterest ~hall be eecured by the tien o! thfs mortga~e.
4. To permlt, commit or ~utler no w•a~te, tmpairment or deteHoratlon of asld property or nny pert thtreot. ,
b. To pay nll and sinRv)ar the co~ta, charRea and expenaea, including reaaonaDle lawyer's fee~ and co~t ot
aD~tracia ot title. Incurred or paid at any tlme by nafd Mortgagee because and/or in the event of the tallurs
on the psrt o[ the safd Mortgaaor to duiy, promptly and [ully pertor~a, dlachargt, execute, effect, complete.
comply with anA abide by each end every the ~tlpulatlons, agreementa. condiUons and covenants ot eeid pmmis-
sory note, and thl~ mortRage, any or efther, and ~aid cosi~, chargcs snd eupenaea, each and every, ahall be Im- -
mediately due and payable, sa•hether ar not there be not~ce, demand, attempt to colkct or ault pending: and ths
full amount ot each and every such payment shall bear intereat trom the dste Lhereot unW pald at the rate ot
ten per eentum per annum; and all sald coeb, chargea •oA s~[pen~ss ~o Incurred or pald, togettier wlth wch in-
terest~ ~hall Ds ~ecured by the Nen ot Wa mortgsge.
h'r~ 255 P~~ ~
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