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Home My WebLink About0403 ~ f i!- • i '.Sib~sW .Srti4Y?4fr1?'T?•.4L•i ?t?~r•~iti•WW1'Srfr•.4••Tr~4~afvf?~i4•••••a~isSit?•+W~•i?.••••••~i~iL•.~i'~•~4•r~rrf?fls~i'.S.•••.i'.•.•.•.'••.•••.Zr~• ' Q e. --March .._l4 19 8 ~ ~ i FOR VALUE RECEIVED, the undersigned, joinll~/ and severally,.PROMISE TO PAY to the order raf. - _ . ~ ,7oseeh DePalma and Lucy DePalma, his__wife-t--------------._.......-----------_------------.._.._.......--_---•- - Fift Nine Thousand Two Hundred and no~loo--------------------'----------.DOLLARS, 10102 AIA #703 A, Jensen Beaeht_ Florida t-_______--•---_--__------------------or such other place as the holder hereof may designate in writing together with interest front _.___..dat,6---hereof - at the rate of __._12.$.---.---,- per centum ptiir annum on the unpaid balance until maturity. The said principal and interest shall be due and payable as follow!': $623.51 on the 15th day, of April, 1980 and $623.51 or ;more on the 15th day of every month thereafter until the total sum be paid in full. The entire balance of principal and interest remaining unpaid as of April 15th, 1985 shall become payable in full. This note may be pre-paid :fat any time without penalty. THIS IS A BALLOON NOTE. Ii ddauh be meta fet ~ 0 days iw Ibe paymewt of any installment et priwtipal er iwtarasf e? awy paA IMreoi, the wMle wm thaw remaiwiwa ~npai/ with inNrest shall at bwldar's'~ptiww become due awd payable w~tberrt notice. rail~re N exercise such option chap wet tewstitule • waiver of the :~yl.t to aaarirN 1M sams iw Ib~ event el sYbsagYfM de/awl(. Altar matwrily both priwtipal and actrwad interest ahafl Mat interest at 1?$ per content Z par awwww until paid. TM makes awd endorsers et this note twrthet waive demand, notice er wew•paymawf awd pretest. H 14is note is wet paid a1 ?c maturity and 1be saute is plated with aw attorney ter ce11ec1~ew, the makers and ewderters hereof agree to pay all cosh of cellecl'rew, iwclwdiwa all tewH sects awd teasewable atterwey Laos. ~ t ~ i - • t~ / ` ~r - - (SEAL) ORGE LYNO~ • ~C ~ SEAL Attest- / ~ ALYCE; S . LYNCH • ~ - - - - (SEAL) - r • ~ s+ pr - - - - - ~~fi'i~i~fi•~'Z~i~i•i•i~~ di'ii••iii~i•.p ~a-.•.?1•.•.•.y.•I•.-: a ii . ii~~i'i'i~:.•i'ii•.•1•ii .•ii•iiili~iii•J•i ?~ia4•ii~ii~i~i~i'iii iii•i~i :'.'i~ni•i~s and shall duly, promptly and fully perform, discharge, execute, effect, complete, ctunply with and abide by each and evr•rv the s~pulstions, agreements, condrtiorrs and covenants o[ card prunrrssory note and o[ this mortgage' then Chia mortgage and the estate hereby created shall cease and be null and word. It is understood that each of the words, "note," "mortgagor" and "mortgagee" respectively and the pron- ouns referring thereto, whether in the singular or plural anywhere in this mortgage, 'hall be singular I[ one oNy and shat! be plural Jointly and severally, it more than one, and shall Ile rnaaculine, feminine and/or neuter. wher- ever the context so implies or admits. An.l .aid 1lturtgaRor for himself and his he_in, legal representatives, successor' and assigns, hereby coven- ants 'rift agrees to and with said btortgagce, his legal representatives, su,:cesgors and assigns: 1. To pay all and singular the principal and interest and the various and sundry sums o[ money payable by virtue o[ said promissory note, and this mortgage, each and every, promptly on the days respectively the same ~ severally become due. 2. To pay all and singular the truces, a_ssescments, levies, liabilities, obligations and incumbrances of every i nature and kind now on said described property, and/or that hereafter may be imposed, 'offered, placed, levied or assessed thereupon, and/or that hereafter may Ue levied or assessed upon this mortgage and/or the indebted- i Hess secured hereby, each and every, when due and payable according to law, before they become delinquent, i and before any interest attaches or any penalty is incurred; and in so tar as any thereof is o[ record the same shall be promptly satisfied and discharged of record and the original o[frcial document (such as, for instance, the tax receipt or the satisfaction paper afticially endor.9ed or rertitiecU shall be placed In the hands of said Atorlpagee vtithin ten days next after payment; and in the event that any thereof is not so paid, satisfied and discharged, said AtnrtRagee may at any time pay the same or any part thereto without waiving or affecting any optibn. lien, equity or right under or by virtue of flits mortgage, and the full amount of each and every such payment shall be immediately due and l~ayabie and shall bear interest from the date thereof until paid at the rate of ten per centutn per annum and together with such interest shall tie secured by the lien of this mortgage. , 3. To place and continuously keep on the buildings now or hereafter actuate on said land fire and windstorm Insurance in the usual standard polity form, in a sum Writ lose than s. full and insurabletn}~~~~- pany or comp^ni~s a5 may be apprc~a•ed by said Aforlga~r•e: and all such insurance policies on any of said build- ings. any int•reat therein or part thereof, in the aggregate sum aforevaid or in excess thereof, shall contain the usual standard mortcngee clause making the toe-y under s-trd policies, each and every, payable to -said 1ltortga- Ree as his interest mad- appear, and each and t•~•P-y su~•h policy shall be promptly delivered to and held by said Dlortgagee; and, not lrss than ten mays in adrance of the exprcahon of each policy, to deliver to said btortgagee a rcnen•al thereof. together with a receipt fir the prem:nm of vurh renewal: and there shall be no such insur- ance placid on any o! said buildings- any rntcrest therein or part thereof, unless in the form and with the loss payable as aforesaid: and in the event any sum of money becomes payable under such policy or policies said c Mortgagee shall ha~•e the option to receive and apply the same nn account of the indebtedness secured hereby or to permit said 1ltnrtgagor to receive and use it or ariy part thercot for other purposes without thereby waiving or impairing any equity, lien or right under nr by virtue of this mortgage; and in the event said Mortgagor shall for any reason [nil to keep the said premia~s so insured. or fail to deliver promptly any of said policies of ~ insurance .to said IitortgaRee, or fail promptly to pay folly any premium therefor, or in any respect' tall In per' form, discharge, execute, effect, complete, comply ~s~th and abide by this covenant, or any part hereof, said l?tortg- age. May place and pay for such insurance or any part thereof without waiving or affecting any option, lien, equity or right-under or by virtue o[ this mortgage, and the full amount of each and every such payment shall be Immediately due and payable and vhall bear infrarest from the date thereof until paid at the rate of ten per centum per annum and toFelher with such Interest shall be secured by the lien of flit' mortgage. ~ To permit, commit or softer nn u•a_ate, impairment or deterloratton of asld property or any part thercot. 4 6. To pay aU and aingular the costs, charges and expenses. including reasonable lawyers fees and cost of abstracts of title, Incurred or paid at any time by,Bald MortysRee becwuse andior to the event of the falluro on the part of the said I?iortgagor to duly, promptly and fully perform,- discharge, execute, effect, complete. comply with and sbfde by each and every the sllpulations, agreements. conditf~ns and covenants of said promis• sory note, and this mortgage, any or either, and Bald costa, charges and expenses, each and every, 'hall be Im- mediately due and payable, whether or not there lte nonce, demand, attempt to collect or null pending: and the full amount of each and every such pay~rrent shall bear interest from the date thereof tuttll paid st the rate of ten per centum per annum: and all Bald costs, charges and expenses ao incurred or paid, together with such fa- tereet. shat be secured by the Iles of this mortgage. . 600K ~ PAGE 4IIJ