HomeMy WebLinkAbout0859 s 20'800• ~ STUART, fFis.,ee, September 26 80
FOR VAIUE RECEIVED, Nts +tadaaspoe, pwttr and tswrttw. f?ROMISE TO 1A1/ h tits s+eN M
Tor D and no 100-------------------------------------- ooLLwRS,
,t 906 Julie Lane. Lakeland. Florida e.¦ratoat«,a~.estit.i.aa..
t.i.ee/ wtstr Ms.Ewws tw tmtttt/, tsa.aitr .rrtlr .wsrsst Qrot. eat. x tAs ras of .~_~sr eerttrrtr oe. arttwtw st+ tit. trwvste bsiit+c. w+eil tnaurritr.
Th! ~d w~ and twtsrsq twin w etw arts psra6le as fol loos : Payments of interest only in the amount
of 6206.00 per month for three (3) years collwencing one (1) ¦lonth frow date of closing,
with a balloon principal payt,lent due at the end of three (3) years of 520,800.00 plus
accrued interest. Prepayment of principal and/or interest, in part or in full, may
be made at any time without penalty. ~ .
11 Alta~Ml be nti0! 10, ~ oatrs rn tM OaYrnertt of ar,y rnta+rmsht Ot M,nt:,0at a ,Merest or Y,Y r,art Ihsrlot, th! whore swn ChM rl,na,Mnq .
~..Da,O wdh MlHlst shat, at taO,perY OptrOR OlCOrP! Ou! arW palraMe +nthOUl nW,Cl. faNV! t0 ltOCrse suth OPhOn Stall Opt Const3ea a Wa,Kr Ot the
r.gnt O eeerCN! tae Sam! M the lvMt Ot salOSlOUlr+! Oetadt_ Ahb lwil awAY pOlh Or,rK,pa1 af,p aCp,RO ,htlrlSt Shah [flat ,ntsrlst at Der CMt,Yh pN
annum tMft11 Ya,O. The .hiker, ah0 enoorssrs Ot thi3 hots twthlt Wa,sa dler+ir+0, tfpUtl Ot t+Orf~it+ttfent tf.oteu. 11 thn hOtl ,t tqt oa,d at matur,ty
ar.u the siltfl K pate0 w,tA an atl0rter fpr GWSeCtf00, ttf! ma?ets yb lrfOO,Slts Mtlo/ eiMle t0 YiY aM Sts Ot f:OttKhotf, ,tfClyp, au COUrt COLS ahA
~casooapll attortfey fee,. t!
Q D tSEAII
(BEAU
ISEALI
and shall dula~, prcunptl+ and fu[la~ perform. dischargt:. execute. efha_ cotnpkte. oomph tsrieh arxi abide be each and e.err
the stif.ulat;on•. agree-menu. n,t,ditwns at,d counants of uid pr•~i•~~rs mote artd of this ttwrcga;e. [hen this mortga;e and
the estate hercba orated shall cea•e arrd be null and wid
It is understood that each of the words. "mote,- `mortgagor' and `rttottgagee respecti+el+• and the pronouns referring
thereto, whether in the singular or plural anstihere its this rnurtRape. Stull be singular if our anh artd shall be ptunl jointic {
and se+enll+, if rttotc titan orte. and shall bt maxuline. fetninirte atd: or ncucer. whneaer the context so implits or admits.
And uid Mortgagor [or himsrlf and his heirs4 kgal rcpte,ertati+es. succtsso_ rs arsd assiqus, hereby coserunts and agrets
to and with said ~Iongagee. his k-gal reptesenucises, sttc:essots and as~igns_
1. To pa` all aad singular tht prirxipal and in[cresz and Cite +ari~rws and wrtdn sum. of [tr,t:r+ paaabk ba virtue of
said promisor} torte. ar,d this tnongage. each and earn. protnpth an the dais respecticch the ame se+eralh become due. i
Z o pas all and sinRttlu tht rases. asscssme:nts. Itaits. Itat,ifuies. obligau•,ns as,d incumbrances of eaers uawre and
lied rx,w ot: said dr_ctii,ed pruperaa. at.d or that herafter ttta+ tfe imposed. wffered. placf-d. lc+ied +fr assessed thereupon. -
aud or that hrrraftn ma+ be Ir.ied m assessed upon this trwrtgagr and ar the it:debtccinr.s secured hereb+. each and esera.
when due and pa+able accu:dir,~ v, Ls.. brfute they Ma,me defiu.luent. and l,c--[ore arts i:.trrest sttaehes an+ petsrlty i,
incurred: and in scf far as atn thtrcuf is of record the same atuii br prnmp:h satisficcl and discharz;c~+l of rrsord and the or-
iKiual uf[icial doctttnrnt r .ueh as. f.s itst.nce_ tht tax trerrpt „r the sari-fxtiou paper vffiualla en.i.,rsni ,.r errtifinly shat[
be placrci ns the hands o{ rata >S.,:tza~tt within ten da+s test aftrr psattx-r:r and rn the went that aua thereof is nut so
paid, satisfied ar,d divlurged. sail Mortgagee ttu+ at ana ttmc paa thr Mme nr ana put thcrrnt without waiaing ar affect-
ing aua „priors. liras. ryuitc .x right u::,irr or airtue cif tht. ru"rtRar~e and the f:ttl atn.,unt u[ rich and eae+c ,uch pa+-
meut shall br itnmrdutela due alNl l.aaable at:d ,lull teat ir.[ett+e item the date tFsrrt.,f uutit pant .,t the rate of r.•u per
tentum per annum atuf together t.-:ttl such ir,tcrrst sstaii l,r s:-twe,l t ;F I:-c-;t .-,f t;tis syutss,~.-
3. Tn place and cot.tiuuousl+ Jeep un tht buiidir.Rs rwx or hereafter situar< on vsd latui fire a,:rl wind-tarm insur-
ance in the usual standard pahc+ lurm. in a sum raft less than the hs.'sest ittwnble aalue. in such cnmlwna or :.,tsti,anies as
mar be appro+td by said \IortgaRec•: and all such inwtance paIicies an ans of said buikiit:gs. usa interest t:urciu ur part
thereof. in the aggregate stun afo:c~aid or in exctaa thereof. shall captain the ustut statxlard tttorcRagee cLuse mai.ing the
loss under said policies. each and rsrn. pa~abk to said \lortgaget as his interest max appear. aad each and esers such policy
shall be promptly deli+eml to and lfcld bs• said ~tortgagrr= arid_ riot kss than ten don in ad+ance of the rcpintiun o[ each
Ix,lic~, to deli+n to vid Mortpat;re a rerxs+-ai thcrt:of. c,fRether with a rrceipt fur the premium ct wch reuewaL• and these
shall be no wch inwnnte played an any of vd building any intereu' thereto ar part thereof. unless in the form and with
the cuss pa}~abie as aforesaid; u,d in $,e went ana sort: of mr,nes brca.mes pa+abk under such palicc „r policies said ~Iorttiagee
shall have the option to rc-ceiie and appla the same on account of the itsdeb;edncss secured hcrebs .,r to permit said- ~I~rtRa-
Qor to receiae and use ie or ana part thtrro( fs,r u;hcr pu:psrses without thereba; trai+inZ or impairing any etluita. lien or
right under or be a-irtue of this mortgage: and in tfte neat said itonga,Tor sltail fx ant reason [ail to keep the said premises
so insured, or fail to ddiur promptl+ ans_ of said pali.ies d u,wrance to uicf ~IortRaRce. or fail pn,mpth to pas• fulh and
premitun therefor. or in ans' iYSpe(t fail to perform. disthuRe. etiecute. effect. mmplre. oomph +.it't a•+d abidr b+ this cnc-
enant. or any part hereof. said ~fottgagee mad plxe and pas for such insurance or any put thereof without s?ai+ing ur
affecting ans option, litn. equity or right under or be cirttre of this mnngage. and the fug amount of each and etien wch
patiment shall be ittttnediateh due and papbk and shall bnr interest from the dace thereof until paid at the rate of ten
per centum per annum and together tcith such interest shall be secured b~ the lien of this tttortgage.
4. To prrtnit, commit or suffer tto ttraste, impairment or deterioration of said property or am pare thneof.
3. To pas all and singular the costs, charges and expenses, irxltad;ng reasanabk law-ser i fees and cost of abstracts of`
title. incurred or paid at any time bs said \fortgaget became and or in tht went of the failure on the part of the said-
Mortf{agor to dttlf, promptly and ttil1F perftxm. dix~Ee• execute. e[fetx. complete. compli with and abide br each and
nrrv the stipulations, agreements. corditiom and cosYttaats of said promissory note, arsd this trtortgage. am or either. and
said costs, charges and a=penses, txh and es~ery. shall be immediately dttt and papbk, whether or rtot there be notice, de-
toand. attempt to colkct or suit pending: and tht full atnottnt of exh atd e+ers such pasment shall bear interest from the
date thered ttnu7 paid at the me d ten per «ucara per annum: atd all said costs, cltar6es and e:ptstsa so incurred o: paid,
together scith stub interest. shall be centred by the lint d this mottgagC
a~i3~ Pet~E -
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