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Home My WebLink About1420 ~ s _ 000 • ~ Vero 6esch, Fbrida .----~?1 ~1-1~i - - • As below specified . .after date, 1, we or either of us promise to pay to the order of _S"T~R OCI[~S"iRIX.TION,- INC, t-_ a Florida corporatial ~ _ - THIItTY FIVE ~IOtiSAI~ alnd NO/100-------------------------------------------- - - - oou~s for value received, payable at Office of__Jotn_H. _ S~ltherland, Axtorne~ at_-law, Vero_ Beach, Florida, or such other place as payee may desig~late in writil~g with interest from -~3L..1,-LQ~Q_._ at the rate of -1~~Q____ per cent per amum until paid; interest p.yabie a~_b~la~t_._s~~.f~.ed Md oath of rn whether maker, ~wrantor or endorse, heretry swersly wshres and ree+ounces arty and all homestead exemptbn ruts we may haw under fir Comtitufion a Laws of the Stab of Fbrida,, a any other Sfato, a United States, as atairut this note; and each further waives demand, rofiu of ran'payment and protest. and in itr eversf M tucorrrp rsecessary b colk:ct this note throws an attorney. agrees to pay all costs of cotktction, Including reasonaDb atforrwy's fee. Zile principal of this note shall be due on or before May 1, 1981. In addition to the principal sum, interest shall accrue at the rate of 14.d~ per aa~uium on the unpaid balance from time to time remaining and the interest payment shall be due and payable colmlencing act May 1,•1980 and continuing on the 1st day of each Alagust, Novl~nber, February and May of each year thereafter until said principal sum is paid in full. In the event of a default in any paym®nt of principal or interest which default shall not be. corrected within 30 days thereafter, then the entire reining ulapaid balance shall immediately become due amd payable at the option of the holder of this note. Any payment or any part thereof may be made an or before its due date without penalty. /s/ Alex Rower ` Plc. _ th,e - - sent. R~TT --'Il~eresarRowm~ - - sEu I - ~ ~ RCJWIIJ and shall duly. Promptly and fully perform, diachar`e„ execute. effect, complete; comply with and abide by each - and every the stipulations. agreements, conditions end covenants of said promissory note and of thL mortgage„ then this mortgage and the estate hereby created shall cease and be null eau void. It is understood that each of the words, "note; ' ''mortgagor'' and "mortgagee" respectively and We prom- ours referring theret0. whether in the singular or plural anywhere in this mortgage. shall be singular if ors ody and shall be plural jointly and aeveraUy. if more than one, and shall be masculine, feminine and/or neuter, wher- ever the context so impUes or admits. Md said Mortgagor for himself and his heirs. legal representatives, successors and assigns, hereby coves- ants sna agrees to and with said Mortgagee, his legal representatives, successors sad assigns: i. To pay. all and. singular the principal and interest and the various and sundry sums of money payable by virtue of Bald promissory note, and this mortgage. each and every, promptly on the days respectively the awns severally become due. _ T. To pay all and singular the taxes, assessments. levies, liabilities, obligations and incumbrances of every nature 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 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 end discharged of rernrd and the original official document (such as, for inataace. the tax receipt or the satisfaction paper officially endorsed or certltiedl 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, satisfied end discharged, said Mortgagee may at any timE pay the same 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 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 windstorm Inatirance in the usual standard policy form, in a sum not less than S~~-~----~~~~--~lt~]~•-•• in such tom- y parry or companies as may be approved by said Mortgagee; and all such insurance policies on any of said build- i inga, any interest therein or part thereof, in the aKgregate sum aforesaid or in excess thereof, shall contain the usual standard mortgaget+ clause making the lo:~ under said policies, each and every. payable to said Mortga. gee as hta interest may appear, and each and every such policy shall be promptly delivered to and held by said I Mortgagee: and, not less than ten days in advance of the expiration of each policy, to deliver to said Mortgagee ; a renewal thereof. together with a receipt for the premium of trtir•h renewal; and there shall be no such incur- { ante placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any sum o[ money becomes payable under ouch policy or policies said ' 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 u.e 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 fail to keep the said premises so insured, or fail to deliver promptly any of said policies of insurance to said Mortgagee, or fail promptly to pay fully any premium therefor, or in any respect fail to per- form, discharge, execute, effect. complete, comply with and abide by this covenant, or any part hereof, acid Mortg- agee 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 of this mortgage, and the full agiount of each and every such payment shall be immediately due grid 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. 4. To pertrift. 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 Utle. incurred or paid at any time by said Mortgagee because and/or fn the event of the failure on the part of the said Mortgagor to duly, promptly and fully perform. discharge. execut0. effect, complete. comply with and abide by each and every the stipulations, agreements. conditions and oovenanta of said promla- sory 'note, and this mortgage. any or either. and said costs, charges and expenses, each and every. shall be Im- mediately due and payable, whether or not there be notice, demand, attempt to collect or salt pending: and the fuII amount of each and every such payment shall bear interest from the date thereof unW paid st the rate of ; Ar par cerium per annum: and aD said cost, charges sad expenses so incurred os paid, together with such in- terest, shall be secured by the lien of this mortgage. BOOK 329 P~~E 14i9