HomeMy WebLinkAbout0472 '~,~,~,~j'~ f I I I 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 1 I I I~? I f ? I<
~I I I I I I I I s I I I I I I~ I I I I I I• I~ I•• I~ I~ I I I I I r I I I I I I I Y• I I I I/~ I I I I I I~~ 1? ~I 1_`
~
June 4 7Q `
s 32 , 00_4 . QQ _
FOR VAWE RECEIVE~, th~ undersianod, iointly and severslly. PROMISE TO PAY to the o?der of
A~'IIiUR SCHi_IIDT__and_ RUTH M SCHMIAT, hi.s wi~e .
'I'hIRTY-TWO `THOUSAI~D__~ND_N4/lOQ (~~2,OOO.QO)--------------- -flOtu?RS ~ .
124 ~'acht. Club _Dr.. ~~o~th Palm ~~BCh, ~Or~~a or such oth~r placs as the holder ~
at . _
hereof mar d~signsts in writiey to~ethe~ with interest from ~'1ZSt c1raW Qn [riOXtglg~
. at the rate of 9.1/ 2._ p~r ce~tum per annum on the uopaid balance until maturity. The ssid principal and interest shall ;
~ h, ~u~ and yable ss follow:: Interest payable m~nthly after first draw on amount
aclvance~ $279 . 59 per month, t'he f irst payment being due af ter completion of
~.ome or or. October 3i , 1979, whichever comes first and to continue each inont .
tl~ereafter. The sum of $279.59 paid each month shall first be crediCed to
interest and the remainder to the principal of this obligation. The note may
be prepaid at any time without enalt This is a baloon mortgage and the ~
~ ~nal .payment due upon r,iaturitypwill be tlie balance due af ter f iv~ ( S) years +
6g•~ah, ga,~;~e~nt . 1„5 days in tFN pay~w~et of any ina~allw~ent o/ p~inc:pal or iafe~~sf or anr p~e1 tAer~of, t6~ whol~ s~rn tMn nm~ininy
;.he ti
A ul
~rnaid with ieMt~st sl+all ~t hold~~'s optwn b~tenH du~ ~nd payabl~ w~tAoW no~ic~. Fail~r~ to •z~eas~ such oO~ien shall rot conslily(~ I~iv~r ef 1M
N/ CtA1Y111 ;
r~ght fe •:~rcis~ tl~~ sa~ in IM ~v~M oF svbs~quent d~fault. Aft~t +n~turity bo~h prentipsl snd accw~d int~r~st shall b~sr inh~~st af7
F rr ~~n~n~ uwlil pwd. TM mak~n ~nd ~ndo~s~n of tl~is not~ ~urth~r waiv~ demand, no~ic• of new-paYm~ef ~ed prot~s~. If this eofe is no~ paid d~~
m,turity and Ifi~ uen~ is plac~d with ae a~torn~y for coll~d:on. ~h~ msk~rs and •ndo~sers hereof ayr~e to pay ~I) te~~• of tell~ct~on. Mc1udMy all courl
~u+es and~ n~senabl~ atrom~r IHS.
. ~
- t. ~ ~ , T
.
~ ! • . (SEAL) :
~R~7EST H . I'0[dLES '
• . ~ , . ~ :
' ~ ' ~ ~ ~ 7
~ ( _ _ J (SEAL)
Attest: . . . t ~
BEtr ERLl A . ,~FOWLES
(SEAI)
~.~i •~I~i~i~~~i~i~I~~~~~I~i~i~i~i
i i s
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
~~~~i i i~i
~ ~
and shall duly, promptly and tully pertorm, d~~~hargc, ex~~ut~. rffrrt. rnmpl~t~. ~~omply w~th and ab~de by each
and e~cr~ thc sUpula:~ons, agreements. rond~[u,n9 anA covenants =~f s:ud pr~~m~ss•iry note and of ttus mortgage,
r~,Fn thi~ mortRage and the estste hereby crented shall cease and be null anu .~~d
It ~e understood that each ot lhe worda. "note
"~"mort~agor" and "monRagee" r~spect~vely and the pron-
oun9 referring thereto, whether in thr s?ngvlnr or plural anywh~re ~n thts m~rtgage, shall De ~~ngutar it one oNy
and ~halt be plural jointly and severa?ly, it mure than one, and +hall tx, ~navcul~ne, fem~mr?e and ~or neuter, wher-
ever the context so ~mpl?es or adm~ts.
Md said Mortgagor tor him~elt and his heiro, legal representati~ea, successor~ and assigcu, hereby coven-
anta ana agree~ to and v?nth aaid Mortgagee, his legal representatives, succrssors and aav~gn~:
~ 1. To pay all,and smgvlar the pnnctpal and intereat and the vanou~ and ~undry aums ot money payable by
~ virtue of said prom~ssory note, and tttis mortgage, each and every, prompUy on the day~ re~pecUvely the ~ame
~ ae~erally become dua
~ 2. To pay all and singular the taxes. ~ssessments, lev~ea, I~ab~Gtie~, obG~aUnn~ nnd incumbran~e~ ot every
nature and kmd now on 9aid deecnbed properly, and or that herFatter may be ~mposed. auttered, placed, le~ted
~ or~ astessed thereupon, andior tha[ hereatter may br Ir~~~ed nr as«•sqed upon th~s mort~aRe and or the ~ndebted-
ness secured hereby, each and e~ery, v~hen due and payabie a~cord~n~ tn law, hPfore they beceme del~nquent,
and brtore any inierest attaches or any penalty ~s iucurrrd: and ~n so tar a~ wny ther~o[ o[ record the same
~ shall be promptly satlst~ed and d~schargrd ot record and the on~~nal off~cia! ~i~cument ~auch as, for instance.
~ ihr tax rece~pt er :he sat~sfact~on paper of[icially emforYCd or certif~ed? ahall be placed 1n the hand~ of ~a~d
~tortRagee w~thin ten days next after payment; and in the event thet any thereof ~s not ~ paid, ~nUsf~ed and
d~scharged, sa~d atortga~ee may at any t~me pay the same or env part th~re~f w•ithout wai~ing or at[ectmg
an} opt~Dn, Gen, eqwty or nght under or by~ ~•irtuP of th~s mortRaRe, and the full emount of each and every
surh payment shall be ~mme~iatPly due nnA pay~hle :~nd ~h:~l1 bear intcrest from th~ date thereof until pa~d
at the rate of ten per crnturn per annum and t~~eth~r ~nnlh such interes! ahall be secured by the lien o! th?~
mortgage.
3. To place and cont~nuously kePp on the bu~ld~n~s nnw or hereatter attuate on said land [ire and windstorno
~ insurance ~n the u~ual ~tandard poD~ y form. ~n a sum n~~t less th+?n S 32 r 000 • QD- - In ~uch com-
~ pany or comp~ -::~s ~s may be apprc~~'ed by ca+~l I?fort~~^~ e: an•f :?Il y:~~h insuran~e pnl~cie~ on any ot e+ud bu~ld-
~ ~ngs, any int~re9t therein or part thereof, in the a~~n~~ate sum afor~aaid or in exces~ thereof, ~hall contein the
usual standarvt mnrt~agrr rlausP mak~nR lhe 1~~~~ ur~4~r sa~d (x~l~~ir~. earh and e~ery, payable to sa~d Dtortga-
~ Rec a~ h~s ,nterest ma}~ appPar, ani es?rh ar.d P\'P: y s:~~ h p~~licy ahall De pmmptly APlivered to and held by aa~d
~ btort~a~ee; and. not less than ten davs in adt•an~e ~f the Px~irat~nn nf ea~h (x~l~ry. to dNiver to said I~tortRaR~e
a rene~val therenf. toQether w~ith a rere~pt f~r thP prPminm ~f ~n~h r~newwl: and thPre ahall be no s~ch insur-
an~P placed ~n any o[ ~aid build~n~~. any ~nierFSt th~r~~n ~~r part ther~of, unle~~ ~n the form snd with the I~ss
~ pa~•ahdr a~ aforesaid: and ~n the e~•Pnt any sum of mnney bF~nm~! payabl~ under s~uh pollcy or policiea sa~d
Morte;a~ee shall ha~•e the npti~~n to rece?vr and a~pty the gamr on a~•count of the inAebtedne~ securM hereby o~
to ~rmit sa~d ~inrt~aRor to rP~eivP And u~e it or eny part therenf !or other purrwses without thenby waiving
~a or impamng an}• eqi~ity. lien or n~ht under or by ~•irtue of thiY mortgaRe: and ~n the event ~aid MortgaKor ~hall
for any ~rlsncl ta~l to k~~p th~ said premi~~s inaur~A. or fail to dellver prompUy any of ~aid poLciea ot
F~ ~nsuranc~ to said 1linrt~:tR~e, or fasl prompUy to p~y [ully ar?y premium therefor, or in any res~?ect (a11 to per-
~ torm, d~echar~e, ea~~ute, rifert, complete. comply w~th end abide by thia ~ovenant, or any part hereof, ssid Mortg-
- aReP may placp and pay for such in.urance or any part thereot withnut waivlnR or a[[ectinq any option, t~~n.
equity or n~ht undcr ~r by virtue oi thia mortRaRe, anJ th~ full amount of each anA every such payment +haU
be immediately duP and papable nnd shaU bear ~ntprest trom the date therPOt untll paid at the rate ot ten per
crntum per annum nnd toRether with auch Interest ~hs:l be eecured by the lien o[ thls mortgeRe.
I
~ To permft, cnmmlt or ~uffer no w~te, ~mpairment or detertontlon ot aatd property or any part thereof. ~
6. To pay aU and ainRular the co~ta, chtr~e~ end expense9, includmq reaaonsble lnwyer'~ tce~ and cost ot
~ sD~tracts ot title, lncurred or pnld at any tlme by-sald Mortgsgee becsuse and/or tn the svent of the fallurs
on the part ot the satd MorigaRor to duly, promptly end Nlly perform. Alicharge, w~ecute, eftect, complets. .
~ comply w~th and abide by each and every the stlpulatlons, agreemenb. conditlons and covenanb ot na~d promis-
~ ~ory note, snd thia mortRage, sny or elther, and sald co~ts, chargea and espens~s, each and every. shall bs Im-
medistely due and payable, whether er not Uere be notlce, demand. ~ttempt to colkct or sWt pending: and th~
tul! amount ot each and every iuch psyment ahall bear fnterest trom Lhs dat~ thereot unUl pafd ~t the rste ot
~ tqn per centum per annum; and all ~atd cwu, char6e~ and ~spen~s~ ~0 lruurred ar Pal4 to~eth~r ~vlth wcb !n-
~ tereit, ~hall b~ ~ecured Dy ths lfen of W~ mortgaes.
~
n~~"~ 3lU ~.,.t 472
~
~x
~
~