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Home My WebLink About0936 ~ i i~i~I~i~I~I~i~I~i~I~~~~s~~~ISI~I~I~I~I~I~I~1~f~I i i i~i i~I~i i i~i I i I~I~i~i~i~~~1 i~i~i~I~1 i i~i i~r~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 i i i i i~ i~~~~I s _ 16..OOQ_..QO_--------•-- .Jul.y.. 19 79 ~ FOR VALUE RECEIVED, th~ undersi ned, joi~tl and severa11y, PROMISE TO PAY to the or~er of . JOSEPH R._SUTTON an_ M.__RO EMARY SUTTON, his wife - - - - - + SIXTEEN THOUSAND AND NOf.100. ~ - - ~ . . . DOLLARS _ • - - , ~t 990.. E. Prim.~__ Vista BOU~,evard, Port S~,~_..LuC~e, _ FL_ 33452 or suct~ other place ss the holde? hersof m~y desig~att in writiap together wilh inferest from ddt~ here0~_ _ _ ~ at the rate of ..lO._. per centum per annum o~ the unpaid balance until maturity. The said principal and interest shall be due and p~yable as follows: • : The entire balance of principal and interest shall become payabl~ in full January ~O , 1980. This note may be pre-paid at any : time without penalty. . II d~fauh be m~d~ fe? S dsr. in tAe paymene o/ anr :nstsU~nen? of prinripal er :mer~al or +ny par~ ~I.ereel, ti~~ whole su/n fhen rew~a -.wg unpa~~ ~.iM .n»re+t ~h~ll st Aolder'~ opt:on beco.ne due and piyable w~t6ou1 nohce. F~ilure fe est~ci~~ fu~A opf~on sh~ll ne1 cowtihWl~ ~ waive~ o~ ~i~• ~:gh~ 1• •a~rci~~ ~M um~ in ~b~ •r~M el ~vbaequeM defavll. A(~e~ ma~vnty bot6 pnncipsl aed uuwd interei? al+~H btar in~e~asr » 10 Per ie-~vrn • p~r ann~n~ ~efil paid. )h~ inal~rs ind tndo~ste~ ef Ihn note funAer wi~ve demand, no~iu oi non-p~y~nenl and pro~est. If ~6n note ~s nof p+.d a~ a+~~~nfY •wd ~h~ ta~we ia plat~d wdA •w •trorn~y for iolled.en. 16• ma?en and ~ndo~sert Aereol sgr~e to p~y •II iotls e( ~ollet~ioe, ~ndud~np all ievrf ae~~~ ~~a~en~bb •ne.w~~ 1~~~. : ~ ~ : ~n l : ( ~ (SEA!) ~y trae f ~ ; At~est: , (SEAL) ~ a a e ~ ~ ~ C`/~i f~ . =r ~ ? ~ ~ ~1 c - ~ ~ (SE?.l) • . _ ~ i~r~i'~i~i~i~i~r 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 i I I ? I I I~ I i i and shall duly, promptly and fully pertorm, d~scharge, execut~, effec.t, romplete, comply w~th and abiQe by each and everv the sUpulations, agreementa, cond~tion9 and covenants of satd prr.m~ssory notP and ot thia mortgage, then this mortgage and the estate hereby created shall cease and Ge null ana ~•oid. • It i~ understood that each of lhe words, "note." "mortgagor" and "moRRagee" respectively and the pron- ouns teternng thereto, whether in the sinj;ular or plural anywhere in thls mortgage, ahall be singular if one only and shalt be plural jointly and severally, if mure than one, and sh:~ll be ~n~vculine, feminine and/or neuter, wher. . ever Lhe context ao implies or admits. And said Mortgagor tor himaelL and his heir~, legal representati~es, successors and assigne, hereby coven- ant~ ana agrees to and with eaid Mortgagee, his tegal representativcs, successars and assigns: 1. To pay el! and singular the principal and intereat and the various and sundry sums o[ money payable by virtue ot aaid promiswry note, and this mortgage, each and evety, prompUy on the days respectively the same aeverally become due. - 2. To pay all and ~ingular the taxes, assessments, levies, liabilities, obli~ations and incumbrances of every naiure and kind now on said descnbed property, and!or that hernafter may be imposed, suffered, placed, le~~ied or assessed thereupon, andlor that hereatter may be Ir.vted or assessed upon this mortgage and!or the indebted- ness secured hereby, each and every, when due snd payable accordinR to law, be[ore they become delinquent, and betore any interest attaches or any penalty is ~ncurred; and in so far as any thereof is ot record the same shall be prumpily satisfied and dischar~ed of record and the onRinat officia! document lsuch ea, tor ir?stanee, ~ ihe tax receipt or the satisfact:on paper of[iciaUy en~forsed or certifieci? shall be placed in the hands of said Mortgagee v~~thin ten days next atter paymcnt; and in the event that any thereo[ is not so paid, satisfied and discharged, said blortgagee may at any time pay the sanae or snv part therenf w•ithout wai~~ng or affecting any opti0n, lien, equity or nght unde~ or b~• ~•irUtr of LMs mort~aRc, and the f~~ll amount of each and every auch pBytA"rf1[ at~all t~ iTilTicuini?{~ fiuc o:': j~:~1!;:C 3!;:;j L•~~! !!!~L*rnc; frn~ ?hn r1Ato thereot Uliill oaid at the rate of ten per centurn per annum and t~~Frth~r w~th such ~nterest shalt be secured by the licn of thie mortgage_ 3. To place and continuously ke~p on the bu~ldin;,~s nnw or here~fter altuate on aaid land fire and windstorm unpaid balance iuider insurance in the u4ual standard policy form, in a sum n~t les9 than a}~LS -Ti~~dg6.-,.-•.• 1n such com- paay or compra;es as may be appru~•ed by cai~l ;?1~ir?~n~~•e: ami nll such insunnce poIicies on eny of said buiid- iags, any interest therein or part thereof, in the nr~r~~;ate sum atorPSa~d or in excess thereo[, shall contain the usual standard mortRagee clause makmR the i~,~s ur.d~r said policies, each and even, ~ayable to said Atortga- gee as his interes[ may appear, and each ar.d r~•P; s;~ h pnGry shal! be promptly deli~•esed to and held by said 1ltortRagee; and, not less than ten days in a~i~an~e of the Pxpiration of each polccy, to deliver to said btortKaRee a renewal thereot. to~ether K•ith a receipt f~~r thP prPmium ~f an.-h r~ncwal: and thPre shall be no such insur- ance placed on an}• ot ~aid buildin~s, any ~nterrst th~rcin nr rart thereot, unleas in the form and with the tosa papable as aforesaid; and in the e~•Pnt any sum of m~~ney becnmes payabte under such policy or po3icies said MorLRaQee shall ha~~e the optinn to rrcei~•F and anply the aam~ nn arcount ot the indebtedness secured hereby or to permit said :?iortRaRor to re~ei~~P and use it or any part thereof for other purposes without thereby waiving or impairing any equity, lien or ri~ht under nr by ~~irtue of tl~is mortga~e; and in the eveni sald Mortgaxor ~hall tor any reason [ail to keep the said prem~,~s s~ in<ur~d, or fail ta dell ~er prompUy any ot said pohcie~ ot insurance to said 11tor;gaRee, or fail prompUv to pay f~~lly any premium therefor, or in any re~pect fail to per- form, discharRe, eaecute, eftert, complete, comply ~~~th and abtde by this covenant, or any part hereof, said Diortg- ageP may place nnd pay for such inaurance or any part tnerenf withoui a•aiving or at[ecting any option, liPn, equity or riRht under or by virtue o[ this rr~oriQaRe. an~1 Lh~ fu11 amount c~f each and every euch payment shall be immediately due and payable nnd shall bear int~rest from the date thv~ot unt11 paid at the rate of ten per centum per annum and together with such fnterest ~hail be aecured by the lien ot thia mortga~e. 4. To permlt, commit or sufter no ~•a~te, impairment or detertoration of aaid property ar any part thereot. 6. To pay all and aingular the co~ts, char~es and expenses, inNudfnq reasonabte Iswyer'e fees and coat of ~ abatracts ol tiqe. Incurred or pald at any time by aaid 4[ortga~ee because andior in Lhe event of the fallure on the part of the 9sid MortgaRor to duly, promptly and tully pertorm, dlscharge, execute, etfect, complete. comply with and abide by each and every the stlpulaifona, agreement~, condiUons and covenxnta of ~a1d promis- eory note, and thia mortRage, any or either, and said co~ta, chargq and expenee~, each and every, ahall be Im- mediately due and payable, whether or not there be not?ce, demond, attempt to collrct or sult pendtng: and ths ftill amount ot each and every euch pavment ahall bear interest from ihe date thereof unttl pald at the rate of ten per emtum per annum• and al! eald coete, charges snd expenae~ w Incurced or pald, together with euc6 in- terest~ ~hall be eecured by the Ifen ot thfs mortgage, BUOX J~J P~GE ~7J~