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Home My WebLink About1906 ........,.,...+.y.. .+,..+.+a t~iG FOR VALUE RECEIVED, the undersigned, jointly ~r,d sever:Ily, PROMISE t0 PAY to the or~e? of I=liWR~NC~ ~ L _ _r3t1~ . EI.`:-1 t1i~'i3:~ _ BEI:I' , his wife - - ~ E,I(;EIT TNni~S~1T•~D..AND_N4/1~J~-------------------------•---- ---------•-------UOttARS, ,t Lot 1i-. 1:, VQ11tux'e Harhor, Rt.' . ~ , J(.'ns~'n_ Br•atch, FL 3::'+ S~or such other place as the holder - han•af may designate in writing together with interest froth 17 Mardi 1980 nt the rate of ~ - par centum per annum o~~ the unpaid balance until matvrily. The said principal and interest shall be esua and ;sayable as Follows: ~,~f 9. `,6 a month, the first payment- teing due 1? AFril 1080 and contin~_le for r each month thereafter until paid. This sum of $2b9.56 p~Jid each mar=th shall :iYst be credited r~~ interest and the remainder to the principal of this abl.i~~aticn. This note lnay L••e preps==''.d after 1 January 1981 wirhour- pt Wally. N tlata~h br soda for ..1 days in eho payment of any :nds~ltwanf e~ pnwcipat w ictaast or any part IFeraef, tM wboie r-~~tt rkat raroaiw~nt v:.paid with interrrat shall al treldar's option become dw and payabb w 'twat wptice. fai~ure to •=arci;e such option shaft not conttitute•-~.. ai+er ef" flit =i+6t to e><arcisa rl,o ,erne iR tbo avant o[ sub+rqucnt d+.fault. A(tar maturity both pr=wcipal and accrued ;ntarett shall bear infareat st ! par ewnhrrw („nip. craws dwwr~wd ~r~•••~ w•• .wd i• ~ 't t ~ - • ~ j~ / . ~ and shall duly, promptly and fully perform, drsrharKe, ex~crst~. r[ft•=•t. cnn,pletP, =•nmply wrth and abide by each and e~en• the strpu:auens, agreements. rondiU:,ns and r•o~rnants =,f stud pn=:n~tis•~ry note and of this mortgage, then this mortKage and the estate hereby created shell cease and be null aria : ns~! It rs understood that each of the K'ords. "note." "mortgagor" and "tnenKaKee" respectively and the pron- ouns referring thereto, whether in the singular or plural anywhere in flits mortgage, shall be singular it one only and shalt be plural jointly and xverally, it more than ire. and shall he inavrriline, feminine and~or neuter,. wher- ever the context so implses or admits. Md said Mortgagor for himself and his heirs, legal representatives, su(•cessors and assigns, hereby coven- ants ono agrees to sod 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 o[ 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, liabrhties, obUgatinns and incumbrances of every I nature and kind now on said described property, and or that hereafter may be rmpose(i• suffered, placed, levied i or assessed thereupon, and; or that hereafter may bP Irvred er a~w•ssed upon this mortgage and or the indebted- ' i Hess secured hereby, each and every, when doe and payable acrnrdrng to law,- before they bernme delinquent, end before any Interest attaches or any penalty is uicurred: and rn so tar as any thereof rs of record the same shall be promptly satisfied and dsschargrd of record and the onKinal official document !such as, for instance, t the tax receipt er :he satisfaction paper officially emlorsPd or certsfiedr shall De placed In the hands o[ said ~tortKaKee within ten days next after payment: and in the event that any thereof rs not so paid, satisfied and discharged, sand Dortgagee may at any time pay the s:?nre er any part thereof w•itheut waiving or affecting any optrhn, lien, equity or right under er by ciruiP n[ this mortgage, and the full amount of each and every surh payment shall Ge immPdiatPly due and payab:e and shall bear (ntcrost from the date thereof until paid at the rate o[ ten per contain per annum and tr,geth~•r with such interest shall UP secured by the lien of thu mortgage. 3. To place and continuously keep on the bu,lr;~n~s now er hereafter actuate on said land fire and windstorm insurance in the usual aandard pnlrc, form, in a sum n+~t less than s Maximum , In such com- pany nr com;~• -::=s as n:ay bP apprc=ved by sa:d A[ort~a°= e: amt :ill surh insurance pnluies on any of said bwld- mKs, any interest therein or part thereof, in the A~crPpate sum afereaard or in excess thereof, shall contain the usual siaralard mnrtCagPP rlausP making the I~~w urd,•r said polsrtPS. each and every, payable to card Atnrtga- gec as his inreros; mac appear, and Path a::d e~•P: su• h pnlrcy shall he promptly dPIIvered to and held by said 111nrtf;agee; and. Writ less than ten days in as!_anre of the PxprraUnn et each pnhcy, to deliver to said Mortgagee a rene•val there:,f. tnQether w•rth a receipt ter the premurm of sn~h rr•newaL end there shall be no such insur- once placed nn any of said buadin>;s. any inten•st therein nr ps+rt thereof, unless ro the form and with the Ines pavahle as 8(nresa~d; And in the event any sum of money bernmes payable under ouch policy or policies Bard binrtt;a,;ee shall have the npti=,n to rPCen•e and apply the same nn account of the indebtedness secured hereby or to permit sa.d ~inrtRaKer to receive And use it or any part thereof ter other purposes without thereby waiving or impairing any equity. lien nr right under or by virtue of this mortgage; and in the event said Mortgagor shall for Any reasna fart to keep the said pr~mr~r•c s+i inQured. er fail to deliver promptly any of said policies of insurance to soul ~[nrtgaR+•e, er fail promptly to pay [ally soy premium therefor, or m any respect tall le per- form. discharKP, exrrute, effect, complete, comply with and abide by this covenant, or any part hereof, said Mertg- ~ s{tee may place and pxv for such insurance or any part thereof without waiving or affecting any option. hen, egwty or r.Rht under or by virtue of this mortgage, and the full amount of each and every ouch payment shall be Immediately d+iP and payable and shall bear interest from the date thereof until paid at the rate of ten per centum per annum and together with such interest shall be secured by the Gen of flits mortgage. 1. To permit, commit or suffer no waste, impairment or deterloratlon 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 ~1 abstracts of title, incurred or paid at any time by sold Mortgagee because and!or to the event of the falltue , on the part o[ the said Mortgagor to duly, promptly and (Ully perform, discharge, execute, effect, complete. comply with and abide by each and every the sttpulatlona, agreements. conditions and covenants of said promis- sory note, and this mortKage, any or either, and sold costs, charges and expenses, each and every, shall be Im- mediately due and payable, whether er not then De nonce, demand, attempt to collect or salt pending: and the full amount of each and every ouch payment shall bear Interest from the dab thereof untU paid at the rate of ten per centum per anrium: and all sold coal, charges and ~:pensat so Incurred or pall. blether tw,lth tuck ta- forest, thaU De secured by the Ilea of this mortgage. I•K327 P~GE~~UeJ ~(:~1~ • -