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Home My WebLink About0390 i_ ti ~r~u~drd t~ltu~eya, that if said Mortgagor shall pay Tinto the said ,M'ortgag'ee the certain prnmissory note, ar' w/eteh the j'ollowirag in words and ftgecres is ct trice copy, to urit:. I ' PROMISSORY NOTE 24,500.00 : stwrf. Florida August ~ ~ 79 FOR VALUERECEIVEONwuftdertilgnadpromisestopaytotheardaof F NK 'f'~PEKL• theprlnelpalwmot TWENTY-FOUR TH 1~ANn FIVE HLTN~ED - Collars together wHh Intasnf thereon at the ?ata of 9 pa? cent par annum from tt+e lots hereon until maturity, both principal and Interest being payable la lawful money of the Untied States, such principal sum and interest payable In ins/ailments as follows: i ~ Payable in full within one (1) year from the date hereon. ~ i t i J This indebtedness may be prepaid in whole or in part at any time without penalty or premium. . Such Mstallment payments shall be applied f first to the Interest sccruing under the terms of this note and then fo • reduction of the prindpal indebtedness. if dsfault be made M the payment of am ir?statimenf under this nom and If such default b not made good within~Q_days, then the entke principal wm and accrued Interest shat l at one became due and payable without noHca at the option of the holderls3 0l this note. Failure to expcise this option shall not constitute a waiver of the right to ax- t erclse the same at a later lima for the same default or any subsequent default. The makers and atdorsers of this note further spree ro waive demand, notice of n«~-parn+eM ,,,d praest, and M the event wit shall be broupnt for the coliecton hereet, ar the same has b be collected upon demand of an alforney at law, to pay all cost o1 collection Includirq reasonable aHOrneys' lees far tusking such collection. ~ AI I payments hbeunder shall bear Interest at the rate of _ 10 per cans per amum from matwlfy until paid. 1 e Z. A. M., INC. ' Payable at } i B fecal) B ' Iseal3 1 or such other place as shall be designated by the holder of this ftofa M writing ~ ~ (seal) ` and shall perjoz»a, comply with azzd abide by each and ez.~ery the stipulations, agreements, conditions and covenants of said promissory note and of this deed, then this deed and the estate hereby created shacll cease and be null and void. .c~ttd the said .Mortgagor hereby covenants and agrees: .1. To pay all and singular the principal and interest and other sums of »aoney payable by virtue of said promissori~ note and this deed, or either, promptly on the days respectively the saute severally come due. - Q. To pay all azzd sizzgzzlar the taxes, assessinen.ts, levies, liahili.ties, obligations and encumbrances of every natrc~re on said described property carte and every, and if the same be not promptly paid the said Mortgagee may at any time pay the same without waiving or affecting the option to foreclose or any right hereunder, and every payment so made shall bear interest from the date thereof at the rate of per cent. per annum. 7'o pay all and singular the costs, charges and expenses, including lawyer's fees, reasonably incurred or paid at any time by said .Mortgagee because of the failure on the part of the said .Mortgagor to perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and this deed, or either, and every such payment shall bear interest from date at the f rate of nine per cent. per annum. To keep the building n.ozv or hereafter on said lazed insured in a sum not less than Dollars, in a compuay or companies to be approved by said Jortgagee, and the policy or policies held by and payable to said .Mortgagee, and in the event any sum of money becomes payable under such policy or policies, the Jortgagee shall have the option to receive and cepply the same on account of the indebtedness hereby secured or to permit the ,Mortgagor to receive and use it, or any part thereof, for other purposes, wi',hozct thereby waiving or impairing any equity lien or right under or by virtue of this mortgage, and may place and pay for such insurance or any part thereof, without waiving or affecting the option to foreclose or any right hereunder, and each and every such payment shall bear interest from date at the rote of nine per cent. per annum. - - - _ ~x 315 p~GE 389 :