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Home My WebLink About2194 s srvllAT. Florida......APxt~.............~~.......... FJII VALU>< 11ECEtVED. tM undersigned. jolnUt and ae~etallY. PROMISE TO PAY fo fhe order of .....uLILLI,~M.J..ARMSTRCNG.and GERT.R.UD~.-T.. ~~MSTRCNG,...his..wife.. Seven ousand Two Hundred and No/100 -----------------.-----_____________o OLLAAS. al .....~.....~i,....~~~, ...t~~IIISOCJt..~ea~hr....~''.l.Oxida ...33457. or such other plact3 as the holder ...................................~.y....... p P hnreot maT designate in wrifingr Together with interest from date a! the rata of 10 %V per centurn er annum on the un aid bslaetee until anatutitT. The said principal and interest shall be dos and parablo as follows: ' Six (6 1 months from date hereof. This note may be prepaid without penalty. ' default h. wade fa 15 d.ys in the payment et awy iastalleent et principal or Interest er awy part thereof, the rrSol. tutw then remaiaiaa unpaid ~rlth intKeat shall al holder's option become due awd payable witbowt wotice. Failure to eaerciae such optiow abaft act conalitutq waiver of lbs ri,?1 to •aereise tAe sarwt iw the evewt et eu?segwwt delault. After wturity both principal and accrued intrreat shall bear intcrrst al 1~ per ceotum ?er anwuw wwtil paid. The waken awd ewdwsers el ibis wore lurther waive demand, wetice el won-paymewt and protest. 11 thin vote is net paid al • maturity awd t?o esme is placed witA aw atterwey ter celkclien, the sabers and endorsers beree/ a,ree to pay all costa el collection, iscludina all cetr?t coats awd reasewa?M attsrwey fees. . ~ ~ , t/,. !r .ISEltLI • j - . / Lila Lee Kolirtsky - - - - - _ _ ISEJtL? ~ _ and shall duly, promptly and fully perform, discharge, execute. effect. complete, comply with and abide Dy each and every the stipulauoru, agreements, conditions and covenants of said promissory note and of this mortgage. then this mortgage and the estate hereby created shall cease and De null and to:,i. - It is understood that each of the words. "note." "mortgagor" and "mortgagee" respectively and the pron- ouns referring thereto, whether in the singular or plural anywhere fn this mortgage, shall be singular it one only and shall be plural jointly and severally, it more than one, and-shall tie masculine, feminine and!or neuter, wher- ever the context so implies or admits. And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven- ants ana agrees to and with said Mortgagee, his legal representatives, successors and assigns: 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by virtue of acid promissory note, and this mortgage, each and every, promptly on the days respectively the same severally become due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrancea of every nature and kind now on said described property, and/or that hereafter may be imposed, suffered, placed, levied or assessed thereupon, andior that hereafter may be Irvied or assessed upon this mortgage and: or the indebted- ] Hess secured hereby, each and e~•ery, v?•hen due and payable according to law, before they become delinquent, ~ sind before any interest attaches or any penalty is incurred: and in so far as any thereof is of record the same i shall be promptly satisfied and discharged of record and the onginal official document (such aa, for i»stance, the. tax receipt er the satisfaction paper otticially endorsed or cerlitied? shall be placed 1n the hands of said < Mortgagee within ten days next after payment; and in the event that any thereof is not ao paid, satisfied and f discharged, said I?iortgagee may at any time pay the same or any part thereof t~~thout wai~~ng or affecting -any option, lien, equity or right under or by t•irtue of this mortgage. and the full amount of each and every E such payment shall be immediately due and l~ayabte and stall bear interest from the date thereof until paid at the rate of ten per centurn per annum and together with such interest shall be secured by the lien of this mortgage. S. To place and continuously keep on the buildings now or hereafter situate on acid land fire and windstorm t Insurance in the usual standard policy form, in a sum not less than i MaXlmllm in such corn- s - pany or comprnics as may be approved by said biortga~,•e: and nil such insurance policies on any of said build- ings, any interest therein or part thereof, in the aggregate sum a[orevaid or in excess thereof, shall contain the usual standard mortgagee clause making the loss urdrr said policies. each and every, payable to said Mortgs- gee as his interest may appear, and each ai:d eve; y sn h policy shall be promptly delivered to and held by said I?tortgagee; and, not less than ten days in ad~•ance of the expiration of each policy, to deliver to said Mortgagee a renewal thereof. together with a receipt Mr the premium nt s,i~h renewal: and there shall be no such inaur- t once placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as aforesaid; and in the et•ent any sum of money becomes payable under such policy or policies said Mortgagee shall have the option to receive and apply the same on account of the indebtedness secured hereby or s to permit said Mortgagor to receive and use it or any part thereof for other purposes. without thereby waiving _ or impairing any equity, lien or right under or by virtue of this mortgage; and in the event said Mortgagor shell - for any reason fail to keep the said premises sn insumd, or fail to deliver promptly any of said policies of t insurance to said btortgagee. or fail promptly to pay frilly any premium therefor, or in any respect tail to per- a form, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said Mortg- sgee may place and pay for such insurance or any part thereof without waiving or attesting any option, lien, f equity or right under or by virtue of this mortgage. and the full amount of each and every such payment shall be Immediately due and payable and shall bear interest from the date thereof ttntll paid at the rate of ten per centurn per annum and together with such interest shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, Impairment or deteriontlon of said property or any part thereof. t 6. To pay all and singular the costs, charges and expenses, Including reasonable lawyer's tees and cwt of abstracb of title, incurred or paid at any time by said Mortgagee because and/or to the event of the failure $ on the part of the said Mortgagor to duly, promptly and fully perform, discharge, execute, effect. completer comply with and abide by each and every the stipulations, agreements, conditions and covenant of said promis- sory note, and this mortgage, any or either, and said coats, charges and expenses, each and every, shall bs Im- mediately due and payable. whether or not them be notice. demand, attempt to collect or salt pending' and the full amount of each and every such payment shall bear interest from the date thereof until paid at the me of ten per centurn per annum; and all said costa, c t tenstr shall b secured by the lies of this mortga~ as ~ aO tncurrsd or paid„ together wtt]t such in- nnnn ~ BOGK t)lls PAGE2192