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Home My WebLink About0647 :..3BQ,QOO.OO STUAAT. Florida. January......1I..LQ-:......... ~s...??.... , FOR VA4UE RECElVEO. !h~ uod~rsi~ned. joiellY a~d :~v~t~llr. PROMISE TO PAY l0 1h~ otd~r o! . •11I1. ~ W. LAND,..INC.. ,..a Tennessee corporatinn. authorized.ta.~1v..6usiness in..the..State of Flori,da , ..Threa Hundred.SiYiy..Thousand and.no/DO.-.-----------.-.--------.---.-.--.-.--.-.--.-.--.--.--.---"DOI.LAAS. at . . ....or such o1h~r plu~ ss !h~ holder h~r~ot m~Y d~dQaat~ W wtUia~, tosdMr with inlsr~s! lrom dat~ st !h~ r~le ot ..~O . p~r eentum p~r aru~uan o~ !h~ uapaid balanq unlil muurit~. Tb~ asid p~taNpat and tet~~es! shall M due and payable as follows: ~ I~terest only, at the foregoing rate. payable one (1) year from the date hereof. Principal payable as follows: Thirty-Six Thoueand (~36.000.00) Dollars, plus intereat at the foregoing rate, payabl tvw (2) years from the date hereof; Thirty-Six Thousand (;36 , 000 . 00) Dollars . p~us -interest at the foregoing rate, payable three (3) years from the date hereof; Thirty-Six Thousand (i36,000.00) Dollars, plus interest at the foregoing rate, p~yable four (4~ years from the date hereof; Two Hundred Fifty-Two Thousand (i252,000.00) Dollars, plus interest at the foregoing rate. payable ~ive (5) years from the date hereo~, The holder agrees to discount the amount of principal due (a) 15$ if this note is paid in full within six (6) months after date; (b) 10$ if this note is paid in full within twelve (12) ~nonths after date: (c) 5$ if this note is paid in full within eighteen { 16) months after date . The foregoing discount shall apply to principal only and not to accrued interes The maker may prepay any part or all of the unpaid principal at any time before due without - payment of premium therefor . • 1/ dela~dt 6~ ~wa/~ .$O._.._ a~~r :w ~w. v~r~•~~+ a! anY taslal4aent o1 ?rincipd or ininest w~wr Psrt th:reof, tAe whole sus~ then ~eiwaiai~~ ua~aN ~it~ inter~at ~hall at ~sl~'~ o~ii.n Aecwne due .wd ~~r+bie ~ilbo~t wotice. Failure te ex~?cist sucA option shall ael conslitpte ~rai~e~ ~1 tAe ri~~t to eae?cia~ IAe ~a~we iw ~M !KD( a/ su~s~qwal delaup_ Alter WIOry1r bYIA Qf~pC~PiI iOd iCCftlt<{ in1~?~s~ s4+11 brar iale?eat at iV per cenl~w yer awnuw ~~ti1 ?sid. Tbe auten u~d e~Jo~ss~• ol this ¦ote luili~tt 4~i~e dcmand, aotice o1 eow•pal~u~at an~ protest. If lt~j} wete is ael a~ u ~natu?ilr an~ t?~ s+ws Is V1a~ed rilA ~n ~ltw~er f~r colleclioa, t6e saker~ ~nd esderse~a bere~l atc~e to py ail coses ef eotlscfioa, iwciudist at co~r! cost~ and r~uena64 ~~cwar tae~. /.s./...William_J.._Bosao_.._ - . ......tSEALI w~ii~~ J . Bosso Jose H .~50~01o tQl~OligO... _ . . _ . .tSEI~LI . g . . . . . _ . . . -ISEAL) - _ _ . . .....(SEALI ~ ~ ~r w~ ~..~r.~.~~~ ~ ~ ~ ~ ~ _ _ _ _ _ _ _ and ahall duly. pmmpUy and fully perform, diecherge. executc, effect, complet~, romply w~t1~ and abide by each and everv the stipulscions, agreementa, conditions and covenants of said prom,s~ory note and of t.hia mortgage. then tiiis mortgage and the eatate hereby created ahall ceaee aad be null and void. It is undecstood that esch ot the wor~ie, "note," "mortgagoY' and "mortgagee" respectively snd Use pron- ouna rrferring thereto, whether in the aingular or plural aaywhere ln thts mortgage, ehal! be aingular if one ody and shal! be plural jointly and aeverally, ii more than one. and shall be mauculine, feminine and/or neuter, wher- ever the oontext ao [mpliea or admits. - Md ssid Mortgagor for himseit and his beirs. legal repreaentaUves, aucceasoro and essigns. hereby ooven- aata ana egrees to aad vrSth said Mortgagee, tia legal representatives. successors and asalgna: 1. To pay W and aingular the prtncipal and lnterest and the various and sundry aums ot money payable br • Wrtue of said pmmissory note. and this mortgage, each and every, promptly on the daya respectively the same eeverally become due. = > F 2. To pay all aud siagttlar the taxea, s~sessments, levies, lfabllitie9, obligationa and incumbrance~ ot every nature and kind now oa saW descnbed property, and/or that hereaiter may be tmposed, auflered. placed, le~~ed or aaaessed thereupon, and/or that hereafter may be levied or assessed upon thjs mortgage andlor the indebted- ~ ness secured hereby, each and e~ery, when due and (?ayabie accorAing to law, be[ore they become delinquen~ nnd before any interest attaches or any penalty is incurred; and in so [ar as eny thereof is of record the same ~ sha11 be pmmptly satiafied and discharged ot record rsnd the original otticial document (auch as. tor instance. ~ !he tax rece3pt or the satis[action paper ofticially en~lorsed or certified) ahall be p3aced in the hands of said Mortgagee within ten dnys next after payment; and in the event thnt any thereof is not so paid, satisfied and ; discharged. aaid l?iortgagee may at any time pay the same or any part thereof v~~thout wai~-ing or affecting ~ any option, lien, equity or right under or by ~•irtue of this mortgage, and the fuli amount of each ar?d e~ery aucfi payment shall be immediately due and payabte and shall bear interest Irorri the rlxte thereof until paid • ; at the rate of ten per centurn per annum and together with such interest ahall be aecured by the lien of this mortgage. ~ 3. To place and continuously keep on the bwldin~e nbw or hereafter aituate on aaid land fire and windstorm ; ~ Insurance in the u.aual standard policy ferm, in a~~m not less than i.-~11~1~8~.-1I~811r8b1@.YSlll~in such com- • pany or comp^n[es as may be approved by said biortRa~ce: and a11 such insurance policies on any of said build-. f ings, any interest therein or part thereof, in the s~~re~ate aum a[oresaid or in excess thereot, ahall contain the ; usual atandard mortRagee clause making the 1l...~9 ur.d~r said policies, each and every, payabte to said 1ltortga. gee as hia interest may appear, and ench ar.d e~•ery su~•h pc?licy ahall be promptly delivered to and held by said ~ ~ Alortgagee: and, not less than ten day~ in adran~e af the eapiration ot each policy, to deliver to said btortgaRee ~ a renewa) thereof, to~ether ~atith a receipt for thP prpmium ot mi~h rpnewal: and there ahall be no such insur- ' ance placed on any o[ ~id buildinKs, any intcre~t therein or part thereot, uriless in the form and with the toss ~ payable as aforesaid; and in the e~•ent any aum of money becomes payable under _ auch pollcy or policies said Mort~agee shall hare the opUon to receive and apply the same on account of the indebteclrses~ secured hereby or ! to permit said Mortgagor to receive and uace ft or ar~y part thereot for other purposes without thereby waiving , or impairing any equity. llen or riRht under or by virtue of this mortgage; and in the event said Mortgagor shall for any reasc~:i [ail to keep the said premiscs so Snsured, or fail to dellver prompUy any of said policie~ ot ' insurance to said l~iortgagee. or fai! promptly to pay [ully any premium theretor, or in any respect tail to per- form, dixcharge, execute, eftect, complete, comply «~th and abide by thia covenant, or any part hereot. eaid btortg- agee may place and pap for such insurance or any part thee~eof with~ut v~aiving or atiecting nny option, lien. ~ equity or right under or by cirtue of this mortRage. and the full nmount of each and every auch payment shall -~a be immediatcly due and payabte and shall bear interest from the date thereof until paid at the rate of ten per centum per annum and together with such Interest ahall be secured by the l~en of thls mortgage. ~ 4. To permlt, commtt or suftet no wa~te, fmpairment or deterloration of aald property or any part thereot. ~ ~ 6. To pay aIl and aingular the co~ta, charge~ and expenses, including resaonable lawyer'a teea and cwt ot abatracta of UUe, inrurred or pald at any time by aafd Mortgagee because e?nd/or [n Lhe event of the faqure - on the part ot the sald Mortgagor to duly, promptly and tully pertortn, discharge, execute, effeci. comp3ete. - complq wlth and abide by each and every the sttpulatlona, sgreementa, conditions and covenanta of c+aid prnmL~- i sorp note. and thls mortE;age, any or efiher. and axld co9ts, charges and expense~, each and every, ahnll be tm- ~ mediately due and payable, whether or not ihere be notice, demand, attempt to collect or sult pending• and the iWl amount of each and every such payment shall bear intereet from the date thereof untfl pald at the rate oi ~ ten per centum per annum• and all eatd coats~ charges r?nd expeose~ eo incurred or pwid together v~~ith .euc6 fn- ~ terest, ~t~W be secured by the Iten of thle mortgage. t001~~~ PitiE 6~~