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Home My WebLink About0610 5 63,000.00 STUART. Florida, Jul v 31 1980 ' j FOR VALUE RECEIVED, the undersigned, touttly sod severally. PROMISE TO PAY to tM ord.r of I GI_LBERT VAN WILLIGEN an~JEANNETTE L VAN WILLIGEN. his wife SIXTY-THREE THOUSAND AND NO1100-------------------------------------------pO~~ARS, „ Route #3, Clear Lake Park ~Ttxnahawk, Wisconsin p such othst plan as tM holds hereof may desrpnst. In wrltlrq, toyetht» with Intattst from dat. at th. rat. of ~.~f.~,~p.r ertntum pN annum on 1M unpaid bslsnq until maturity. The ~a,d prtncrpat antd Iflt«.st t,tall dw and paysbl. as follows : monthly payments of interest only i n the amount of X315.00 shall be due and payable on August 31, 1980, September 30, 1980, October 31, 1980 and November 30, 1980; monthly payments of interest only in the amount of 5945.00 shall be due and payable on December 31, 1980, January 31, 1981, February 28, 1981 and March 31, 1981; monthly payments of interest only in the amount of X630.00 shall be due and ayable on Appril 30, 1981 and continuing on the last day of each month thereafter s~ia~~ ~~1~p~9p5 a~~wh`~h~~~gle the entire unpaid principal balance plus accrued i nteres / d rt a s th eht of any rnStarhnent O/ pnncrDa' or mterKt w any part thereo/, th! wnort Sum Ihen remarmnp .'rrDdrd with rntlreSl ShJli ht` 7 ODtron tleCOme sue and pay abre wrlhuut hotrtt. F,uwe 1n e><eruse cuff, optran ihatl not ~uns~t~~ye a Wawer Of the '•yrt u taer USe th! S,rM ,h lht erenl C1 fuU SeO Ulnl tlltaWl AIt~N mal ur rty both pnnCrpal anC aCU Uea mtlrKt sn pl,r rnlereSt at ~j~b plr Clnlum pC' Jnnum unUr DarO. Tht ma6hs anQ lnCorSeri OI Ihr~ note lurp.n wave Oenyntl• nOtrtr OI non payment an0 rot N thri n01! rl not ParO at mat u•rey d•~d the carne K pldCtC .v,ih Jr' JltUr nl, tu, CPrreClrpn, the makers ano CnOOroCrl her el.l JgrEC t0 DaY al. cost tClron, rnUUArhq a1• court COS1S antl Js..nau~e atto.ney fees f~ I ~ ISEALI . ISEAL! ISEAII SEAL ive u ey and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulatiors, agreements, conditions and covenants of said promissory note and of this mortgage, then this mortgage and the estate hereby created shall cea,r and be null and void. It is understood these each of the words, "note;' "mortgagor" and "mortgagee" reslxctisely and the pronouns referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular i[ 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 s-arious and sundry sum, of money payable by virtue of said promisor}' note, and this mortgage, each and every, promptly on the days respectively the same severally become due. 2. 7~o pay all and singular the taxes, assessments. levies, liabilities, obligations and ini:umbrances of every nature and kind now on said described property, atid(or that hereafter may be imposed, suffered, placed, levied of assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and; or the iutlebtedness secured hereby. each and every, when due and payable accordinfi to law, before they become delinquent, and before an}• interest attaches o: any penalq• is incurred: and in sn tar as an}• thereof is of record the same sitall be promptly satisfied and discharged of record and the or- iginal official document (such as, for instance, the tax receipt or the sati•factiou paper officially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days next after pa}•ment: and iu the event that any thereof is not so paid, satisfied and discharged, said Mortgagee may at am time pa}• the same or any part thereof without wais•iug or a[fect- ing any option. lien, equity or right wider or b}• virtue of thts mortgage. and the full amount of each and every such pay- ~ meat shall be immediately due and pa}•able and shall bear interest from the date thereof until paid at the rate of ten per ~ centum per annum anti together with such interest shall be secured by the lien of this mortgage. 3. To place and contiuuoush• keep on the buildings now or hereafter situate on said land fire and wittchtorm insur- ante in the usual standard policy form, in a wm-not less than the hi;;hest insurable value, in such company or companies as may be approved by said Mortgagee: and all such inwrance 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 j 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 o[ each ~ polic}•. to deliver to said Mortgagee a renewal thereof, together with a receipt for the premium of such renewal: and these ~ shall be no such inwrance placed on any of said buildings, any interest therein or part thereof, unless in the form soil with t the loss payable as aforesaid; attd itt the event any sum of money becomes pa}•able under such policy or policies said Mortgagee shall have the option to receive and apply the same on account of the indebtedness secured hereb}• or to permit said ~fortga- gor to receive and use it or any part thereof for other purposes without thereby waiving or impairing arty equit}•, lien or right under or by ~•irtue of this mortgage; and in the event said Mortgagor shall for any reason fail to keep the said premises s so insured, or fail to deliver promptly any of said policies of insurance to said Mortgagee, or tail promptly to pay fully any premium therefor, or in any respect faik to perform, discharge, execute, effect, complete, comply with and abide by this cov- enant, or any part hereof, said mortgagee 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 a»d payable and shall bear interest from the date thereof until paid at the rate of ten per centum per annum and together with wch inttrest shall be secured by the lien of this mortgage. r' 4. To permit, commit or suffer no wute. impairment or deterioration of said property or any part thereof. 5. To pay all and singular the costs, charges and expenses, including reasonable lawyer's fees and cost o[ abstracts of title, incurred or paid at any time by said 1lfortgagee because and/ot' in the event o[ the failure on the part of the said Mortgagor to duly, promptly and folly perform, discharge, execute, effect, complete, comply with and abide by each and every the stipulations, agreemenu, conditions and covenants of said promissory note, and this mortgage, any or either, attd said costs, chuges 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 rare of ten per centum per annum; and all uid costs, Charges and expenses so intuited or paid. together with wch interest, shall be secured by the lien of this mortgage. r BOOK JJU PbGE _ y„ ~ ~a_ _ - ~f