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Home My WebLink About1839 I I I I~I I I I~/,? III I I I I I I I I I I I I I 1 1• I I I I I I I I I I I I I I I/ I I I I/ I I I I I I I I I I/ I I I I I I I I/ I I I I I I I I I I/ I 1 1, • i .II~IY~~II~is~i~~~LL~1 ~ 1. 1 ~ 1...1.1....11111 11 I.I11 .I1 / 111 ...11 .1....1..111.11. 111.11..11. 36,622.22 January 30 79 - . - - - FOR VALUE RECEIVED, the undersigned, jointly and severally, PROMISE TO PAY to the order of . - - ~ - R___LAUGHON as Trustee + TFIIIrI'Y SIX TFIO[)SAND SIX HUNDR» Z~STI'~_!.a4t~_-~~~~qQ . DOLLARS, at - .--.._-StL1ar_tt_FlOrlda - or such olhe? place as the holder hereof mar deal Wale (n writing together with interest from --.---~~1_~~_____--_--- at the rate of per centum per annum on the unpaid balance until maturity. The said principal and interest shall be due and payable as follows: Interest only on July 30, X979 and thereafter in equal s~ni-annual insiral)1tlPnts of $4 685 45 t7o b~ oat 30th day of ch an and Jul thereafter begutnu><q•January ~0, X980 oontin n until the 30th day o~ Ju~y, 1984 at whi~h t.ilne the entire pru>Ici balance with interest shall become due and payable. Each such semi-annual installment shall be•ap~lied first to the payment of interest o~n the unpaid balance and then to the payment of principal. The priv~.lege of making principal payments in advance of the. due dates without pc~a.~ty i retaint~? the milker provided that nos r~pa is can ;Wade prior to Jan~~y , 19$~O and no pr ipal payments in excess of 18,~25.OD can be between January 2, 1980 and January 2, 9 1. N ddas,N b• lade ter .-.l 5..-- days iw 1M parw,ewt e/ say iwstallsewt d- p?incipal er interest er any part thereel, tM whoM sus thew rerwainin~ unpaid with interest shah at hetde?'s eptiow bece,we dw and payable withew Mtice. Falters to a:erciw sucA eptiew shaft wet censtitete • waiver of tM right err eaercise fIN sane iw 1M event of ssrbsegtrewt detach. After satv?ify bath principal and accrued interest she4 bear inhrett of .9-1/2p. p.r annewt s,wtt~ paid. The woken and ewdersen et this woM Ierthe? waive desand, wetice of non a newt and ? castes -p y protest. N this wets is wet paid of ma~vriry and the saw,e h placed wish aw attorney for eolbct:ow, 1M rakers and endersera hereof agree to par all tests e/ eollectiew, iwcledin~ all eeerl <e+~s and reasonable aMerwoy teo~ + + ' ~ ~ ~ t J , ----c.a21_ - Irene Crist - - - (SEAL) ti latest: (SEAL) ~ ' - (SEAL) . , : ~ 1~.1.•.I: .I.'.•.I::.I:.I..I: .•.1::..I.I.::..I..I.~. 11.:I.I.II•.•1~::.:..:II .I:::..::I::.•: 1: ::::.:I...•.: I:: 1 and shall dal}-. promptly and fully perform, discharge, e,acutt. effect, complete, comply with anJ abide by each and ts•ery the stipulations, agreements, conditions and covenants of said promiss,ry note and of this mortgage, rhea this mortgage and the coats hereby crraud shall tees+e and Le null and void. It is understood that each of the words, "note." "mortgagor" and "mortgagee" resptctisel~• and the pronouns referring thereto, ss•hcthtr in the singular or plural ancwhere in this mortgage, shall be singular if one ot,l~ and shall l,c plural jointl}• and severally, if morn than one, and shall be masculine. feminine and; or neuter, a-hcrevcr the context so implies or admits. And said \lortgagor for himalf and his heirs, leo 1 repre•rutatives, succrsson and a.rigor, hrrtbv covenants and agrees to and with said Mortgagee, his legal representatives, successors and assigns: 1. To pa}• all and singular the principal and imcrcst and the various and wndn• sum. of monrv payable by virtue of said promisson• acre, and this mortgage, each and ecer}•, prompth• on the des}-s respectively the same severalh• become due. To pay all and singular the taxes, assessments, letter, liabilities, obligations and incumbrances of rven• nature and loud now on wid de+cribcd property, and for that herrattcr may 1>e imposed, sut(ercd, placed, levied or acre+sed thereupon, and~or that hereafter map be )cs•itd or asx•ssed upon this mortgage and for the indebttdncas secured hereby. each and every, when due and payable according to law, btlore they become delinquent. and before an}• interest attaches ~r any penalty is incurred: and in so far as any thereof is of record the ume shall be promptly satisfied and discharged of record and the or- iginal official document (such as, for instance, the tax receipt or the sari.faction paper otlicialh• endorstd or « rtiGed) shall • ~ be placid in the hands of said ~Mrtgagce within ten days utxt after pa}mrnt: and in the event that anv thereof is riot so paid, utisfied and discharged, said Mortgagee may at any time pay the .amt or any part thereof without waiving or affect- ' ing any option, lien, equity or right under or by virtue of this mortgage. and the toll amount of each and every such pay- ment shall be imrnc•diately duernd payable and shall bear intcn•ct (rnm the date thereof until paid at the rats of cca per F centum per annum and together with such inurrst shall be secured b} the lien of this mortgage. ~ 3. To place and rnntinuouch• keep on the buildings now or hereafter situate on wid land fire and wind.form insur- ante in the usual standard policy form, in a sum not less than the highest insurable value, in such cr,ml,am or eompanits as f may be approved by said mortgagee: and all such insurance policies on any of said buildings, an}• interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause mating the lots under said policies, each and every, payable to said ~lortgagte as I?is interest may appear. and each and ecrn• such policy t shall be promptly delivered to and held by said Mortgagee; and, not less than ten days in advance of the expiration of eacJt lwlicy, to deliver to said ltnrtgagee a renewal thereof. together with a receipt for the premium of such n•ness•al: and there shalt be no such insurance placed on any of aid buildings, any intrrtst therein or part thereof, unless in the form and with the loss pa}•.ble as aforeuid: and in the scent any sum of money becomes pas-able under such policy or l,olicits .aid \lort~aget shall have the option to receive and apply the ume on account of the indeh?edness secured hereby or to permit said Murtga- ' goy to receive and use it or any part thereof (or other purlx,us without thereby waiving or impairing anv equity-. Iicn or right under or by virtue of this mortgage: and in the scent said )Mortgagor shall for any reason fail to {.cep the said premises so insured, or fail to deliver promptly any of said Ix,liciee of insurance to said \lortgagee. or fail promptly to pay fully any premium therefor, or in any respect fail to perform, discharge. execute. effect. cnmhlete, eornply with aced abide by this cm•- s enant, or any part htreo[, said Mortgagee may place and pay for such insurance or any part thereof without waiving or affecting any option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and leery such pa}•ment stall be immediately due and payable and shall bear interest from the daft thereot until paid at the rate of ten Ixr centum per annum and together with such interest shall be secured Ly the lien of this mortgage. To permit, commit or suffer no waste, impairment or deterioration of aid propert}• or any part thereo[. 5. To pay all and singular the costs, charges and expenses, including reawnablt lawyer's fees and cost of abstracts o[ title, incurred or paid at any time by aid :Mortgagee because and/or in the event `Of the failure on the part of the said atortRagor to duly, promptly and fully perform, discharge, execute. effect, complete. comply with and abide b}' euh and curry the stipulations, agreematts, conditions and covenants of said promissory note, and this mortgage, any or tither, and said costs, charges and expenses, each and every, shall be immediately dot and payable, whether or not there be notice, tle• mand, attempt to collect or suit pending; and the full amount of tech and every such payment shall bear interest from the date thereof until paid at the rate of ten per centum per annum: and all said costs, charges and expenses so incurred or paid. ' together with such interest, shall bt ucurrd by the lien of this mortgage. sOCK304 ~acE183? , {