HomeMy WebLinkAbout1938 • • • • • • e a + • s a• • • e • • • •
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_ _~~5. 000.00 November 19 79 ~
FOR VALUE R~E~~~yyED, the undenipned, iointly and severally,, PROMISE TO PAY to the order of _
ELLEN NORKIN~ - - - - - - - - - - -
-
``THIRTY-FIVE THOUSANn AND NO 1 ----------------------------------------DOLLAR,
at --Apt-,_-_6-G Villa del Sol,__ Rte_.-_ 2-t _Jensen-__Beaeh-t __FL_-_ _33_ ~uch other place as the holder
hereof stay deal ate in writing together with interost from November 1 9
at the rate of i5 pK centw+? Mr annum on the unpaid baianct until maturity. The said principal and interost shall
be duo and payable as follows:
On or before 15 November 1980. Interest payable on the unpaid balance every
three months from date hereof.
k
~ ~faoh ~ axado for 1-0 _ . daps in the parwxswt of awe installarewt of principal er iwtenst er am part tMntef, the whoM suwr thew nwuininy
unpaid with interest shad at holder's option becewse dw and payable without netip. failere to exercise arch option shah net constitute *~aiver of the
right >e exercise the sawn M the owns of s•bspwwt defavN. Afbr watvrilr boNr principal end accrwd inMrest shad bear interest s! 1 per c•wt•rw
par awsrret orrti) paid, TM walcon sad endorsee of this weN fvrtMr waive demand, notice of nwapar~went and proMst. If Ibis neM is not paid at .
mataritr and /he saaso is placed with ae atterser for collediow, tM roaken and eadorsen Mreof sane ro par all coats of celledaw, including all court
~s cosh and reaseaabM atNner foes.
~
WESTG NCO 0 TION
• - - (SEAL)
` - - --(SEAL)
y ~ - -
Attest: -
s _
(sue)
's'•a'4'i'fi'ifi~i'i~~r44''i'i'>~.fi•i~•.rifi'i•i~i 'i~ ~'S:'~•i~it3~'i's!L~i~i~i'1'i'.~.•1'ii'i•1'i'1'?'.'?•.f.~i~~•~'i~~
and shall duly, promptly and fully perform, discharge, ex.cutr. rffe.•t. con~pletP, .•omply with and abrde Dy each
and even the stipulat:nns, agreements, rondrt:nns and covenants of s:ud pmm:ss~ry note and o[ ttus mortgage,
then this mortgage and the estate hereby created shall cease and be null aria ~o:d.
It is understood that each of the words. "note," "mortgagor° and "mortgagee" respectively and the prop-
ouns referring thereto, whether in the singular or plural anywhere to this mortgage, shall be singular it one oNy
and shall be plural jointly and severally, it more than one, and shall be tna.9ciiline, feminine and!or neuter, wher-
ever the context so imphea or admits.
Md said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven-
ants aria 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 said promissory note, and this mortgage, each and every, promptly nn the days respectively the same
severally become due.
2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and Incumbrances o[ every
nature and kind now on said described properly, and ~nr that hereafter may be imposed, suffered, placed, levied
{ or assessed thereupon, andior that hereafter may br Irv:ed or assrsseA upon this mortgage and or the mdebted-
Hess secured hereby, each end every, when due and payable according to law, before they become delinquent,
~ anA before any interest attaches or any penalty is uicurrrA: and in so tar as any thereof is of record the same
c shall be promptly satisfied and discharged of record and the original official document !such as, for instance,
•he -tax receipt er the satis[act;on paper officially en=inrsed or certd?edi shall be placed in the hands o[ said
Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and
discharged, said 1ltortgagee may at any time pay the same or any part thereat without waning or affecting
~ any ophbn, lien, egwty or right under nr by virtue o[ this mortgage, and the full amount of each and every
such payment shall be immediately due anA payable :end shall bear interest from the date thereof until paid
at the rate o! ten per eenturn per annum and t~gethPr with such interest shall be secured by the lien of this
mortgage.
3. To place and continuously keep on the builiiin~s now or hereafter situate on said land tiro and windstorm
insurance in the usual aandard policy form. in a sum n~.t less than = Maximum In such com-
pany or compai.s as may be approved by caul Dlnrt~a~,•e: :,n•f all such insunnre poLcies on any of said build-
ings, any interest therein or part thereof, in the agcn•Fate sum aforevaid or in excess thereof, shall contain the
usual standarrt mortgagee clause making the h~..y order saiA (?olu•ies, each end every, payable to said 1?tortga-
gee as his interest ma~• appear, and Pach slid P\•P.-y s,u h pal:: y shall be pmmptly Aelivered to and held by said
Mortgagee; anA. not less than ten davs in ad~an~e nt the Pxp:rat:nn of each pn6cy, to deliver to said Mortgagee
a renen•al thereof. together with a receipt for the premmm of au~h renewal: and there she]I be no such insur-
ance placed on am• of said buildings, any interest therein or part thereof, unless in the form and with the hss
pavahle as aforesaid; and in the event any sum of money becomes payable under such policy or policies said
Mortgagee shall have the oplinn to reverie and apply the same nn account of the Indebtedness secured hereby or
to permit sa,d Mortgagor to rereive and use it or any part thererif for other purposes without thereby waiving
- or impairing an}• equity, lien or right under or by virtue of this mortgage: and in the event said Mortgagor shall
r for any rPas~=a [ail to keep the saiA premi~Ps se insured, or fail to deliver promptly any of said poLcies of
~ insurance to said 2ltortgattee, or fail promptly to pay fully any premium therefor, or in any respect tall to per-
t form, discharge, execute, effect, complete, comply with rind abide by this covenant, or any part hereof, said Mortg•
ageP may place and pav tar such insurance or any part thereof without waiving or affecting any option. lien,
equity or right under or by virtue of this mortgage, anJ the full amount of-each and every such payment shall
be immediately due and payable and shall beer interest tram the date thereof until paid at the rate of Len per ~
~ centum per annum and together with such fnlerest shall be secured by the lien of this mortgage.
4. To permit, commit or suffer no waste, impairment or deterioration of sold property or any part thereof.
6. To pay all and singular the costs, charges and expenses, including reasonable lawyer's tees and cost of
abstracts of title, Incurred or paid at any time by said Mortgagee because and/or to the event of the !allure
on the part o[ the said Mortgagor to duly, promptly and fully perform, discharge, execute, effect, complete.
comply with and abide by each and every the atlpulations, agreements, conditions and covenants of said promis-
aory note, and this mortgage, any or either, and sold costs, charges and atpenses, each and every, shall be Im-
mediately due and payable, whether or not there De nonce, demand, attempt to collect or sWt pending: and the
full amount of each and every such payment shall bear interest from the dab Neraot untU paid at the rate of
ten per centtun per annum: and all said cosh, charges and ettpenaea so Incurred or paid, together writh such la-
terest. sha13 be secured by the lien of this mortgage.
L~.?x PaCE 135