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Home My WebLink About1269 •.140-,Q00.,00.-_ vero Beach, Florida - July 29 , 1~ . 8G- As below s ecifieti after date, 1 we a either of us promise to t ~ p - pay fo the order of BARI~TIE E. GREED, JR. and HARIOT H. GRI'~lE, his wife, an undivided 1/2 interest ea as -tenants in cuiiiiDti -----0[~. Hl~?BF.D.F~DR'iY. ~i0~,~l1NI) ANQ. NO/100-----_-_-----.--------------------------- oot.wts for value received, payable at -Offi~e_.gf John H, ,Sutherland-, Attorney, at_ Iawl Vero-_Beaeh, - F],p~'i_ -,-or-such-other_place_as payee may_--desi~ate--in wl^iting-_-._ - with interest g' ~ Q semi-annually as from at the rate of - .-12- -per tent per annum until paid; interest payable Spi~i.~i~d_.____ /1nd each of to whether maker, guarantor or endorser, hereby severalty waives end renarnces any and ail homestead exemption rights we may have under tl+e Constitution or Laws of fhs State of Florida, a any other State, a United States, as apinst this rate; and each further waves demand, notice of ran-payment and protest, and in the event if becomes necessary to collect this rata tMoush an attorney, afZress to pay all costs of collection, inctudin~ reasonable aftarry i fee. 'Ihe principal of this note shall be due in two (2) installments as follows: the sum of $28,000.00 plus accrued interest shall be due and payable on Augtlst 1, 1981 and the unpaid balance shall be due and payable on August 1, 1982, plus accrued interest. Interest shall accrue at the rate of 127, per anrnm on the unpaid balance from time to time remaining. Interest shall be due and payable semi-annually with the first interest installment being due on February 1, 1981, and shall continue on each sulc- ceeding August 1 and February 1 thereafter until said principal sell shall be paid in full. In the (gent of a default in any payment of principal or interest which default shall not be corrected within 30 days thereafter, then the entire rt3llaining unpaid balance shall iltzrediately beco~ile due and payable at the option of the holder of this note. Any payment or any part tht~egf may be made on or before its due date without penalty. D()USLE M. C~tANBERRY 00. , INC, , a Massa- chusetts corporation authorized to do • business in State of Florida /s/ Paul R. Morse No.------------------------ fhte - - - - - - - - - SEJ1L R: terse,--Fresiderif--'_-- ,~cA-~--- . _ - sou and shall duly. promptly and fully perform, discharge, execute, effect, complete, comply wfih and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage, then 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 and the pron- ouns referring Lhereto, whether in the singular or plural anywhere in this mortgage. shall be singular it one oNy and shall be plural jointly and severally, if more than one, and shall be masculine, feminine andlor neuter, whetr- ever the context ao implies or admits. , And sold Mortgagor for himself and his heirs, legal representatives, successors and assigner hereby tx?ven- ants ana agrees to and with said Mortgagee, his legal representatives, successors and assigns: 1. To pay aD and singular the principal and interest and the various and sundry auras of money payable by virtue of said promissory note, and this mortgage. each and every. promptly on the days respectively the sans severally become due. - 2. 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 and discharged of record and the original 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 Dortgagee 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 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. 8. To place and continuously keep on the buildings now or hereafter eftuate on said land fire and windstorm insurance in the usual standard policy form, in a sum not less than i-- - 111S1IY'3b1C--Vd1Lle-•-••-----•--. (n such com- pany or comp^nies as may be approved by said Mortga~ce: and all such insurance policies on any of said build- ings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the lots under said policies, each and every, payable to said Mortga. gee as his interest may appear, and each and every su~•h policy shall be promptly delivered to and held by said a Mortgagee; and, not less than ten days in advanre of the expiration of each policy. to deliver to Bald Mortgagee s renewal thereof. together with a receipt far the premium of ttttr•h renewal: and there shall be no such insur- once placed on any of said buildings, any interest therein or part thereof, unless in the form and with the lose 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 nn account of the indebtedness secured hereby or ~ to permit said 1liortgagor to ceceive and use it or any part thereof for other purposes without ttiereby waiving or impairing any equity, Ifen 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 folly any premium therefor, or in any respect tail to per- form, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said Mortg- ogee 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 ouch payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate ot?t0oalt7[ twelve per centum per annum and together with such interest shall be secured by the Ben of this mortgage. r 4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof. 6. To pay all and singular the cwts, charges and expenses, including reasonable lawyer's tees and coat of abstracts of tiller incurred or paid at any time by Bald Mortgagee because and/or to the event of the failure on the part of the said Mortgagor to duly, promptly and fully perform, discharge, execute, effect. completq, comply with and abide by each and every the stipulations, agreements. conditions and eovenanU of said promis- gory 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 suit pending: and the full amount of each and every ouch payment shall bear interest from the date Wereot unW paid st the rate of waive lld~per centum per annum• and all said costs, charges and expenses so incurred or paid, together with such in- terest; shall bs secured by l`he lien of this mortgage. annK3•~u P~GE~~7 - - - - - ~