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Home My WebLink About0872 ? ? ? I I I 1/ I/ I/ I I~ f I I I I/ I I I I I/ I I I I I I I I~ 1 I I I 1 I I 1 I I I I? ? I/ I I I I I I 1 I I 1~~ I I I I I I I I I? .`i'.1S(Y?~~&E~4S?~ri~?~i41?.4.ti . ~ . r . . . . . . . . . . . . . . . . . . . • . . . . . . . . . ~ . . . . . . . . . . . . . . , . . . . • . y s 27 , 000. 00....-.- Ja~nu~txy ~ tq 79 ~ ~ • u d~rsi ~~d, jointl a~d seve~ally, PROMISE TO PAY to th~ o~d~r of ~ ~ ~t~~ ~~an~ R1~H M. SYCHMI.DT, _hi~. w~~s. - _ . . ; - - TWENTY-~~~EI_3~_ _THOUSAND_.AND_. N4~100 - . . - . - - - - - - - - DOttARS, - - - - _ . ;,t I.~~__Yacht _Club._D~L~...NQxth Pdlm._BeitCh,.._FIG~~dB. or such o1hR? placs as the hoider heMOf mar n in w~itin~ top~th~~ with int~ro:t from Fi~~.~___d~aw. _on. m,a~tgage.. . at tla nt~ of~_~~~____ p~r c~ntum pk annum on tha unpaid balance until maturity. Th~ said principal and intere:t shall be du~ and yabl~ as follows: Intereat payabla monrhly after first draw on a~ount ;:advancec~ $235.90 per month, the first payinent being dua after completion of ; hom4 or on Jun~ 4, 1979 whichaver comea first and to continue each munth `'•thereafter. The aum of ~235.90 paid each month shall firat be credited to ; interest and the remainder to the principal of this obligation. The note maq ;:be prepaid at any time without penalty . This is a balloon mortgage aad the ; final yment duo upon maturity wfll be ~he balance due after Five (S) years~ the 60~~i~a~e~t.~5 da • ~i d~fa b~ ps iw dN pay~1 of awr iaitallw~nt ef 'rincip+l w iwNrssf 01 +~+r parl tMewf, tl» w1aM suw~ tMw ?ew~sin~n~ ~ ~ unp~ will~ i~1~st sMQ N IaW~s epties b~cewa dw ~nd p~y+bM witheYt eofic~. Failve~ ro~x~rcis~ tocl~ optiew sh+U eo1 . cewirihrt~ a waiver of t6~ k ; ri9ht N~YKtiN tM ~aw~ iw Nw ~r~wf ef s~bs~qwnf d~ta~k. AfN? wufveif~r beM principal ~nd +ccrwd iwNnsf si~al! b~ar ieh~~st a~ 1/ pe~ c~nlrm ~ p:+ aw~w~ wtil paid. TI» ~+IcNS and ~ndoes~n eI tAis woa fu~h.r w~ir~ d~mand, wolie~ of non~p~ynNn1 and preNSt. li thit nee~ is eo~ paid at ~ matu~ilr auJ tlw ta~w b plac~d w„h aw ~MOrw~r fe? colkdiow, tM nN4~rs snd ~ndera~n Mnof aorM ro par +il cosls ef colbc~iew. includieo all covrl ~ cas?s swa ....ew.u. ~Me.w.y i..s. ~ . 1 1? l : ~ ~ - - (SEAL) - - - - _ . . . rnest H. Fowlea : Attest: SEAL - - - - - ( ) . Severly A. Fowles : (s~?~f - - - - - ~ - - - - - - ,~fsfsfl~~-~T~lfJ~~~T~~~~l~~l~~l~1~1~?~l~~i~~~~~~~~tf~fi~l~lfl~l~i~i~~~T~~~l~~~-~l~I~?~~~~I~?~~~~I~I~i~~~~~~f~~I~1~1f1~1~1~I~~~1~i~~~I~I~I~I~I~I~1~~~1~1~1f1~1~~~I~i~~rf~fl~, i 1 } C and ~hall duly, promptly and [ully pertorm, d»charge, execut~. eftect, complet~, comply wtth and abide by each and e~~er~ lhe st~pulations, agreemente, cond~C~un~ and covenants of ssud prom,ssory note and ot thia mortgage. then ttus mortgage and Lhe e~tate hereby created shall cease and be nWl and void. It understood that each of the wonis. "note." "mortgagor" and "mongages" respectively and the pron- oun~ refernng thereto, whether in the eingular or plural anywhere in thl~ mortgage, ehall be atngular 1t one only and ahall be plurnl jointly and severally, if more than one, and ahall be masculine, fem~nine and/or neuter, wher- cver the context ao impliea or admits. And ~aid Mortgagor for himeelt and hia heirs, legal representatives, auccessorn and ayalgns. hereby coven- • ants ana agreea to and with said Moctgagee. hia legal repreaentatives, succesaoro and aasigns: 1. To pay all and aingular the principal nnd fnterest and the various and sundry sums ot money payable br sirWe of said promiswry note. and thii mortgage, each and every, promptly on the days respectively the sam~ aeveraliy become due. ~ 2. To pay all and singular the txxes, aseessments, leviea, liabilities, obliRatior?s and incumbrancea ot every ~ nature and kind now on ~sid de~enbed property, and/or that hereatter may be impoaed, suffered, placed, levied i or assessed thereupon, and/or that hereatter may be levled or assesaed upon this mortgage andior the indebted- ' ness secured hereby, each and every, v?hen due and payable accord~ng to law. De[ore they become delinquent, ! and before any interest attaches or any penalty is incurred; and in so far a~ any thereot ia o[ record the sams shall be prumptly satisfied and discharged of record and the onRinal off~cial document (such as, tor ltutance, ihe fax receipt or the satistaction paper officially en~iorsed or ceRified? phall be placed in the hand~ o[ said ; Mortgagee v~~thin ten days next atter payment; and in the evgnt that any thereot is not so paid, satisfied and ~ discharged, said Mortgagee may at any time pay the aan?e or any part thereo[ without waiving or affecting _ any option, lien, equity or nght under or by ~irtu~ ot thas mortgaqe, and the full amount of each and every auch payment shall be immediately due and payable and shall bear interest trom the date thereot until paid _ ~ at the rate ot ten per centurn per annum and together ~+rith such interest shall De aecured by the lien of thu ~ mortgage. _ ~ 1. To place and continuously ke~p on the bu4din~a naw or hereafter eftuate on said land flre and windatorm i~ Y . , ~ ineurance ~n the uQual standard lio [orm, in a sum nnt less than i 27 t.~~~ . • 1n ~uch com- ~ pany or comp^ nics as may be approved by sai~l Mort~;n~~~e: an~i t?p such insurance policie~ on any ot said bulld- inga, any interest iherein or part thereof, in the aR~reRate aum atoresa~d or in exceas thereot, shall contain the ~ usual standard mort~agee clause makinR the l~~~s ur.d~r aaid policies, earh and every, payable to said 1ltortga- ~ gee a~ his interest may appear, and each ar.d e~•Prp s~:~~h pnl~cy shall be promptly delivered to and held by aaid ~ I?fortgagee; and, not less than ten davs in adt•anre of the Pxpiration ol• each policy, to deliver to snld Mortgagee a rene~va! thereof, tol;ether v~ith a rece9pt tnr thP prpmuim nf at~rh r~newa~; and theee sha.l be no such insur- ~ ance placed on any ot said _buildinRs. any ~nterest therein or patt thereot, unless in the form and with the losa ~ payable as atoresaid: and in the e~•ent any aum o( money becomea payable under such pollcy or policies said ~ MortRagee shall have the optian to receive and apply the +ame on account of the fndebtedness secured hereby or ~ to permil aaid MortRa~or to re~eive and use it or any pnrt thereo[ for other purposea without thereby waiving ; or impalring anp equity. lien or riRht under or by virtue ot thi~ mortgage; and in the event safd Mortgagor ahall ~ for any reaso~ tail to keep the said pr?m~~es ae lnsumd, or tail to delfver prompUy any ot aaid policies ot ~ insurance to sa~d MortgajCee, or tail promptly to pay tully any premium therefor, or in any respect tail to per- form, discharge, execute, effect, complete, comply with and abidc by this covenant, or any part hereof, uid Mortg- - aqee may place and pav fot auch in~urance or any part thereof without waiving or at[ectlng any option, lien, equity or right under or by virtue ot this mortgage, and the fuq amount of each and every euch payment ahaU be immediately due and payable end ehap bear int~rest fr~m the date thereof untll paid at the rate of ten per centum per annum ~?nd together with such fnterest shall be secured by the Uen of thi~ nfortgage. : 4. To permlt, commit or aufte~ no waate, impairment or deterionUon of sald property or any part thereof. 6. To pay W and aingular the costs, charges and expense~, lncluding reasonable lawyer~ fees and cwt of ' abstracts ot title, incurred or pald at any time by sald b[ortgagee because and/or 1n the event ot the falluer y on the plut of the ufd Mortgagor to duly, prompUy aad [ully pertorfn. dLcharge. axecute, efteM. complet~„ ~ complp with and ablde by each and every the atlputatlons, aareements, conditloni at?d oovenanb oi said promli- wry note, and thla mortgage, any or either, and aafd co~ta, chargea and eupenses. ~ach and every. ~hall bs Im- y mediately due and paysDle, whether or not there be notice, demand attempt to colkct or sult pending' and tha ~ Nll amount ot each and every ~uch payment shall beu fnttreat trom tM d~t~ thsreot nntll pald at the nte at 1 tea psr centum per annum: ar~d all ~ald co~L. charsa and ~pen~w ~o incurrd or p~1Q W`st1~r ~?1th such !n- ~ tereat, shall b~ ~ecured br ths llea ot thia mortga~a. ~ ~ B00li JV1 PACE S~ 2 ~ ~ ~ ' . _ - - - - - . . x F ~ -..f~~,~ : - ~ _ ,,z ~'..~~~~~~a~ : _ ~ _ , .