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Home My WebLink About1884 t r ~.~.:5.'i•.:•Y.'S.S.1.~.LS.Sn•.S.•.LS.•.4~.'LL•.•.L?.•.•.•.•.?.'.4•.•.•.•.•~•.t.'.•.•.•.•.•.?.•.?.?.•.•.•.•.•.•.•.•i•.'.~i?.~.•.•.~'.•.*.?.•1'.•.•.•.•.'!r•~ S_3S. [1Qp_,~~ Stuart, Florida Mav >t~ 80 ti FOR VALUE RECEIVED, the undenipned, iointly and severally, PROMISE TO PAY to the order of MALCOLM E. MILLER and MARION H. MILLER, his wife, ~a ----------------------------DOLLARS, THIRTY-EIGHT THOUSAND AND NO/100- ,t Rt. #5, BOX 386T, Reidsville. North Carolina 27320 or such other place as the holder hereof may designate in writing together with interest front tl+p date hereef at the rate of Ten per centum per annum on the unpaid balance until maturity. The said principal and interest shall ~ be due and payable ,s follows: Interest only shall be payable quarter-annually, beginning on November 1S, 1980, and continuing in quarter-annual installments thereafter. The entire unpaid principal balance shall be due and payable five years from the date hereof. The maker reserves the .right to prepay principal in full or in part at any time, without penalty. ti N d+t•uh w rw+de ter d•ys iw tM psyrw+wt of +ny iwsuflmewt et priwcipal er iwtonst er +wy part 1M?eef, the whsle sum tlr+n rem•iwiw~ ~ unp+id witA iwNnN shag a1 healer's eptiow became dw swd payehk without wetice. Failure to exercise such eptiew shah wel cowstitWLL waiver of tM 2~ riyAt N eae?cise the saww iw tM evewt el sebaegwwl delauh. Aite? rwa?urity bath priwcipel ewd eccrwd interest shell Mar iwhrest st __l.~ ptr cewte~w psr ewwuet w1i) paid. The makers ewd ewdenen e/ this were furtMr wive demand, wetice of now-paymewt swd pretnt. N this wale is wet ptid at matvriry end ttae serve is placed with ew attorney for cellectiow; 1M makers swd endoraen hersei eeree to pay eh costs of collection, iwcludiwe ell court ~ costa swd nasewabM etterwey Ewes. • ~ ti - O ~ • (SEAL) a ricia o er xpare~lkeX (SEAIj r (SEAL) • V ~ `~'i~.i'~s•i•!'~•ifi'~ii~i~ii~..'i~i~.•i'i~i~i~i'iii'ii'iiii .'ii'ii'ii ii~i~i~t~i~.•i'i .•ii'.•i i . iii .'ii'i .•i .i'.'i i i ii'.•ii~i iii•~•iiii~iii*i~?~ii~~ and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and evt~ the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage, dten this mortgage and the estate hereby created shall cease and be null and void. It is understood that each of the words, "note;' "mortgagor" and "mortgagee" respectively attd the pronouns referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular iE 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 Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby covenants and agrees to and 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 of - 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 taxes, assessments, levies, liabilities, obligations and incumbrartces of every nature and kind now on said deuribed property, and/or that hereafter may be imposed, suffered, placed, levied or assessed thereupon, j 'and/or that hereafter may be levied or assessed upon this mortgage andfor the indebtedness 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 j incurred: and itt so tar as arty thereof is of record the same shall be promptly satisfied and discharged o[ record and the or- ~ iginal official document (such 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, satisfied and. discharged, said Mortgagee may at any time pa}• the same or any part thereof without waiving or affect• I inq any option, lien, equity or right under or by virtue of thts mortgage, and the full amount of each and every such pay- ment shall be immediately due and payable and shall bear interest from the date thereof until paid at the. rate of tea 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 laud fire and windstorm insur- ance in the usual standard- policy form, in a sum not less than the highest insurable value, in such company or companies as may be approved by said mortgagee; and all such insurance policies on any of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the loss under said policies, each and every, payable to said Mortgagee as his interest may appear, and each and every such policy shall be promptly delivered to and held by said Mortgagee; and, not less than ten days in advance of the expiration of each policy, to deliver to said Aortgagee a renewal thereof, together with a receipe for the premium of such renewal; attd there shall be no such insurance placed on any of said buildings, any interest therein or pare 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 Mortgagee shall have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said Dtortga- got to receive and use 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 bortgagor 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 arty premium therefor, or in any respect tail to perform, discharge, execute, effect, complete, comply with and abide by this cov- t enant, or any part hereof, said 1lfortgagee 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 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 me of ten per centum per annum and 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 said property or any part thereof. ` 5. To pay all and singular the costs, dtarges and expenses, including reasonable lawyer's fees and cost o[ abstracts of title, incurred or paid at any time by said 1lfortgagee because and/or in the event of the Failure on the part of the said mortgagor to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note, and this mortgage, any or either, and said costs, charges and expenses, each and every, shall be immediately due and payable, whether or not there be notice, de• mand, attempt to collect or suit pending: and the full amount of each and every such payment shall bear interest from the date thereof until paid at the me of ten per centum per annum; and all said costs, charges and expenses so incurred or paid, together with such interest, shall be secured by the lien of this mortgage. BOOK~~. PAGE1~.,) . M