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HomeMy WebLinkAbout1599 s t. tie ~ruuidrd ~llUttga, that if said .Mortgagor sl:all pay unto the said Jliortga.~ee the certain promissory note, o/' w/sic/a the fulluu~ing in words and fi~rcres is a trice copy, to wit: SEMINOf.E rO11M >N o•~J~M W1~, tb. (hNt•W ~ara0b Iw ?wMMy tcwY.N~r,~lwgnv c•r4d~dl _ ~ _ ~ . Mortga e Note s. 90.00.. ~ensen .8.~~.~h..., clorida..... July....... 9 I9 80 ! t FOR VALUE RECEt~ED the undersignei promises to pay to the order of j . .....JOHN:. E HOLWELL _ . the principal sumer..Se~en..Tho.usand..Nine Hundred .and...no/100-.-.-.--.-..---------------.--..dollars togslher with interest thereon at tM rats of . -.0-..............per cent per annum from......nA.~.. app.],~,c.ab.1.e I until nteturity, both principal and interest being payable in Lawful Money of the lJnited States, such principal wm and interest payable in installments as follows: All principal due and payable on ~ before September 9, 1980 . G Such installment paytasnts shall be applied first to tM interest accruing under the terms of this note end then to a reduction of the principal indsbtsdrtsss. ' tM taskxs and endorsers of this hole hrrther agree to waive demand, nolrce of Host-payment and protest, and in the event suit shell be brought for tM collection hereof, a tM same has to be collected upon demand of sn attorney, to wv reasonable sRorrtslrs fees fa making such collection. All paynwrts here- under shall bear interest at the rate of.....r Q.rr... percent per anmrm from maturity until paid. This Hole is secured by a mortgage d even dab herewith and is to be construr:d and enlaced according to the laws of the State of Florida; upon default in the Payment d Dnncipal andlor interest when due, the whob sum d princpal end imerest remaining unpaid shall, at the option of the holders, txcoms immediately dos and payahle. Failure to exercise this option shall not constitute I a waiver of the right to exercise the same in the event of subsequent default. ~ Payable at ....................................ISEAII SETH . A-: HOLWELL-.... , . ..........................................................................................................1SEAL) ............................fSEAI) or sucA other place as shall be _ designated by the holder of this , nob in carding. ................»..........................(SEAL) - I and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this deed, then this deed and tlce estate hereby created shall cease and be null and void. .~ttd the saidMortgagor hereby covenants and agrees: - .l. To pay all and singular the principal and interest and otlrer sums ojmoney - i payable by virtue of said promissory note and this deed, or either, promptly on the clays respectively the same severally come clue. I To pay all and singular tlae tars, assessments, let•ies, liabilities, nbli6ations and encumbrances of every natrcre on said described property ea ••h and every, and i if the same be not promptly paid the said .iMortgagee may at any time pay the same without waiving or affecting the option to foreclose or any right hereunder,. and every payment so r?tade shall bear interest from the date thereof at the rate of -O- per cent. per annum. r3. ?'o pay all and singular the costs, charges and experfses, inclruli.ng lawyer's fees, reasonably incurred or paid at any time by said .Mortgagee because of the failure ~ on the part of the said .Mortgagor to perform, comply with and abide by each and 9 ~ every the stipulations, agreements, conditions and covenants of said promissory note and this deed, or either, and every such payment shall bear interest from date at the rate of -0- per cent. per annum. ' ~ To keep the building now or hereafter on said lard insured in a sum not ~ less Glean maximum insurable value Uollurs, in a company or companies to be approved by said .Mortgagee, and the policy or policies held by and payable to said i .Mortgagee, and in the event any stem of money becomes payable render such policy or ~ policies, the .Mortgagee shall have the option to receive and apply the same on accor~nt of the indebtedness hereby secured or to permit the JKortgagor to receive and use it, or any part thereof; for other purposes, wi`,horct thereby waiving or impairing any egtcity ' lien or right under or by virtue of this mortgage, and Haag place and pay for such I insurance or any part thereof, without waiving or affecting the option to foreclose or i any right hereunder, and each and every such payment shall bear interest from date ~ at the rote of -0- per cent. per annum.