HomeMy WebLinkAbout2975 • ~
_ + . _ - -
- - _ _
• - Dec:etrbfr 28 . ~ 9
= 157.!~~~_.... Vero Beach, Florida - - 197
_As ,below s ecified ~
- after date, I, we or either of u promise to W to the order of ~
Nlif:tlael B. Kane, III an undivided 1/2 int t, Ec~iand M. Race, an taivided 1/4
._interest.. and W...B. ~CZSSIvw. an .undivided 1/4 interest._ - - - - - -
ONE HI~IDRID FIZZY-SEVII~I Tt~.~ID AND NO/100---------------------------- S
DOL
c/o Ben L. Bryan, Jr., Attorney at Law, 101-South 2nd Street,
for value received. payable at _ _ - - - .
Fort Pierce, Florida 33450 -with interest
from • st the rate of per tent per annum until paid; interest payable .._--I!~[le_- - -
Md each of us whether maker, guarantor or endorser, hereby severally waives and renounces any and all homestead exemption rithts we
may haw order the Corotitution a laws of tM Sfate of Fbrkla, or any other State, or Un;ted States, as aaairot this note; and each further waives
demand, notiu of non-payment and protest, and in tM evtnt it betornes neteswy to collect this rqN fhroud+ an attorney, apses fo pay all costs t
of totlettion, IncludirK reasonable aftomcy's fee. _ ~
'Ihe principal of this I1~te shall be c~uie and payable on January 4, 1980.
t -
/s/ John H. Sutherland
No.-------__._-.---------- ~ - - sEAt.
J0~~1 H . SUII~ID, as Trustee trader the
provisions--e€ s-certeilct Zhlst !#greesz~-.
dated the 29th day of l~bvefnber, 1979,
and la~awn as ZYust Number 200
and shW duly. promptly and fully perform. discharge, execute, effect, complete, comply with and abide ~ eac>y
and every the stipulations, agreements, conditions and covenants of said promissory note and of this mort;ate
then Chia mortgage and We estate hereby created shall cease and be null ants void.
It is understood that each of iha words, "note; ' '•mortgagoY' and "mortgagee" respectively and the pron-
ouns referring thereto, whether in the singular or plural anywhere in this mortgage. shaA be singular 1f oas ody
and shall be plural jointly and severally, it more than one, and shall be masculine, feminine and/or neuter. when-
, ever the context so implies or admits.
And said Mortgagor for htmaelf and hie heirs, legal representatives, successors and asslgaa, hereby coven-
' ants eras agrees to and with said Mortgagee. his legal representatives, successors and assigns: !
j 1. To pay all sad 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 on the days respectively the same
severally become due.
~ 2. To pay all aad singular the txxea, assessments, levies, liabilities, obligations and incumbrances of every
nature and kind now on sffid .lescribed property. and/or that hereafter may be imposed, suffered, placed, levied
€ or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted-
ness secured hereby. each and every, when due and payable according to law, before they become delinquent.
and before any interest attaches or any penalty is incurred; and in so far as any thereof is of record the same
shall be promptly satisfied and discharged of record and the original official document (ouch as, for instance,
the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in-the hands of said
Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, aatistied and
discharged, said Mortgagee may at any time pay the aanie or any part thereof without waiving or affecting
any option, lien, 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 until paid ;
at the rate of ten per centum per annum and together wilh such interest shall be secured by the lien of this
mortgage.
To place and continuously keep on the buildin);a now or hereafter ettuate on said land fin and windstorm
Insurance In the usual standard policy form, in a •sum not less than : !n such com-
pany or comp^nies as may be approved by said Mortgagee; and all such insurance policies on any of said build-
ings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the
usual standard mortgagee clause making the loos under said policies, each and every, payable to said Mortga.
gee as his interest may appear, and each and e~•ery sur•h policy shall be promptly delivered to and held by said
1ltortgagee; and, not less than ten days in ad~•ance of the expiration of each policy, to deliver to said Mortgagee
a renews) thereof, together with a receipt for the premium of isttr•h renewal; and there shall be no such insur-
ance placed on any of said buildings, any interest therein or part thereof, unless [n the form and with the loss
payable as aforesaid; and in the event any sum of money becomes payable under such policy or policies acid
Mortgagee shall have the option to receive and apply the same on account of the indebtedness secured hereby or
to permit said Mortgagor to receive and ate 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 shall
for any reason.tail to keep the said premises so insumd, or fail to deliver promptly any of said policies of
insurance to said Mortgagee, or fail promptly to pay tally any premium therefor, or in any respect fall to per-
form. discharge, execute, effect. complete, comply with and abide by this covenant. or any part hereof. said Mortg-
~ ages may place and pay for such insurance or any part thereof without waiving or atfecUng any option, lien,
equity or right under or by virtue of this mortgage, and the full atpount of each and every ouch payment shall
be Immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per
centum per annum rand together with such Interest 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.
r
6. To pay all and singular the costa, 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 in the event of the !allure
on the part of the said Mortgagor to duly, promptly and fully perform, discharge, execute. efteM. complete.
comply with and abide by each and every the atlpulations, agreements, conditions and covenant of said promis-
sory note, sad this mortgage, any or either, and sold cwta, charges and expenses, each and every, shall be Im-
mediately due Had payable, whether or not there be notice. demand, attempt to collect or cult pending: and the
full amotutt of each and every such payment shall bear interest from the date thereof until paid at the rate of
tea par centum per annum: and all said cost, charges and expeasss so incurred or paid. together with such ta-
terest, shall be secured by the ilea of this mortgage.
nr11R~~~ DIf:G/.~.~