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Home My WebLink About2553 v Stusrt, Florida, t"~'~ ~r~ ~ I4~ For value reatved. 1, we, or either of us jointly end severslly promise to pay in lawful moray of the United States of America to rite order of FIRST NATIONAL BANK AND TRUST COMPANY~NO¦ FS/~T`/~U~ART st its office in this city the principal ~~N~~~~~~~r~l~~~~~~~~~~~~ M.Y~r ~ r~ ~ ~~V/tW ~~~~~~~~~~~N~~~~~~~~~~ _ - Ilus tluttt Of _ topetMt with Irttereat from data at rite raN o/ ~ per gntum per annum on the unpaid balers until paid, acid principal and inMnst ro be peyeble M (5.-- U+clvdr+p int«.at, a+ d,e follow.: Irt monthly ina.um.et• of ~s1~t~ and S8/100 3T9.S8 j Iii-ir--~1 f I~ 19 dw of ead+ month beeinninq on tt» / d.y of _ . - - and oontittuMtO on the , day of each and awry month thereafter until tM l y. ` day of ~t'r}rj~ S - - 19 9S , oa whkh said date /M entire balanq of principal and interest tMn unpaid atoll t»come dw and payab4. Each WymeM h ro be applied finl ro internt and rite balance ro principal. In case ?aid inatsllrrienh, a any of tMm, an not paid within 1S days after tM same becane dw, ttte whole of saW principal and interest awn shall forthwith become dw and psychic at the option of ?M holder of this non. We, 1M makers, awetNa, er?dorsera and guarantors of this note, hereby severalty waive presentment fa payment, notice of nonpayment, protest and notice of protest, and dilpence of bringing suit against any party thereto, and consent that tittle of payment may be extended without notice thereof ro any of the aunties of thM mete. Now, should it be neeeuary ro collect this raN tMoupA an attorney, each of us, whether maker, swety or endorser on this nos, Mreby spree ro WY all cosh of said colleuion, Including a naonable attorney's face. (f Sold bank la hartby expraNly authorlaad to rNain any general w spacial dapos~t, collateral, real or personal security, or tM proceeds tMrao/, btlonp- irg ro eitlser of w, now or hereafter in tM poaseuion of it during the time this note remains unpaid, and before w afar matwity Mreof may apply tM same ro this or any otlw debt or liabilities of either of us ro said bent, dw or to ~,eoqme dw. Giwn under rile ha O~~lf s _ p. h( his i1Dbe 3.8 t3t~j~ct bo 80001t't8t3i0[i as F~ in fie mode wtu,ca sec~a~es this Hobe. P. O /s/ James Otto (Seel) .TAi~ Orl'PO No Due _ /s/ Judith A. Otto (Seal) F.n. Sao .JIA)I14i A. 0~1'I~0 t 9tw'~ - and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and e:•cry the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage, then this mortgage and the estate hereby created shall cease and be null and void. ~I It is understood that each of the words, "note; ' "mortgagor" and "mortgagee" respectively and the pronouns referring thereto, whether in the singular or plural anywhere in this mortgage shall be singular if one only and shall be plural jointly ~ and severally. if more than one, and shall be masculine, feminine and/or neuter, wherever the context so implies or admits. And said itfortRagor for himself and his heirs, legal representatives, successors and assigns, hereby covenants and agrees j to and with said 111ortgager, 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 uid promissory note, and •this mortgage, each and every, promptly on the days respectively ehe same severallh• become due. • _ t 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of even• natu:r and kind now on said described 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 indebtedness secured, hereby each and even•, when due and payable according to law, before they become delinquent, and before any interest attaches ar am• penalty is incurred: and ir. so far as any thereof is of record the same shall be promptly satisfied and discharged of record and the or- I iginal official document (such as, for instance, the tax receipt. or the satisfaction paper officiall~• endorsed or certified) shall be placed in the hands of said Ilfortgagee within ten days next after payment; and in the event first ar,y thereof is not so paid, satisfied and discharged, said :Mortgagee may at any time pay the same or any part therof without a•aivinR or affect- ing any option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and even• such pay- ment 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 with such interest shall be secured by the lien of this mortgage. 3- To place and continuously keep on the buildings now or hereafter situate on said land fire and w•indaorm insur- ante in the usual standard policy form, in a sum not Irss than the highest insurable valor, in such company ur co:npames as may be approved by said \toregager•, and all such insurance policies un an~• :.f said buildings, am• interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard rnortg.igrr clause makme the Iuss under said pohcirs, each and even•, pas~ablc• u, said ~tortgagrr as his mtrrrst mac appear. and etch and rve•r~ 'such police shad he prumptl~• dehverrd to and hc•W by wid Jortgagee: and. not Irss than ten d.n•. in .ed~~rncr of the exp:ration of each - - policy, to drherr to said \tortgager a renews! thrrrof. together with a receipt fur the prrmtun•. of such renewal; anti :beer shall be nu such insurance placed un env of said buildings, and interest therein ur part the•rrof, unlrs~ :n the form and with the loss pa~•ablr as aforesaid; and in the event am• sum of money becomes pa~•ablr under such poluv ur poticic•ssaid \tortgager r shall have the ceptiun to receive and apph• the same on account o! the indebtedness sc-cure•d hereby ur to permit said Jluttga- - got to rrcrivr and use it or ant- part thrrrof fur other purposct without thrtrbt• waning ut rmp.unng arc c•yuin, Lein or Y ng!it under or by victor of this murtgagt•: and m the event said ~lurtgagur shall fcrr am• ttason tail to keep the said premr.e~ x. msurrd, or fail u, drGerr promptly env of said potinrs of insurance Ui said ~:ortC.+grc•, ur tail ptvmiptic to pat folic .im• premium therefor- ur m env rrspc•ct tea u, perform. duchargr. execute. e•ffc•ct. rumplctc•. comply with and aMcic by thi> iur- rnant• ut env part hereus. said \turtgagrr ma}~ place and pat for wch in~urancc• or any part thrrrof without wan•:n~ or aifrctmg am• option, lien. eyuaty or nght under or bt• virtue ul this mr,rtgagr..ind the• full amount of tech anti eye•n suite paemrnt Shall be immediateh• due and payable and tihall bear intrre~t tmm rile date thrre•of until p:nd .it the rate of tc•n per centum (xr annum and together with wch mtrrest shall br ~ccurrd by the Lc•n of this n;ortgaec. f ~ cCr?K~7 ~~cf2552 s