The URL can be used to link to this page

Home My WebLink About0881 ,~N~ Nw. ilr ,h,w..~.: L,K ~..a~.• ru.wJ~ .-a POtIM 1! Mor~~a ~e Note s 20,160.63 Jensen Beach , fbr,d, October 7, 1980 fOR VAlllf RECEIVED IMr unJrrs~9~~e1 ppmses Ic pay ro the ader d Associates Coafaerclal Corporation ! rho pr~nupal ,um of twent thousand one hundred sixt and 63 100--- Uoirars ~ Y- . Y / i royarh« weth rnterast tMraon ar the .era d - 0 - p« cent par annWn iron OCCobeK 7, 1980 unld rnatwdy, both pmcipa) and mterasr t~n4 payable ~n lawful Moray of rn+ Umr..i SINS such pnnupsl swn and ~nlereU payabh m .nsralimems ss follows Payable ~n full on or before October 27, 1980. However if at the end of said twenty days protaieee receives at least one sonthly paysent on each of the four installvent loans to Peter Holman Trucking, Inc., then it agrees to extend this note art additional i fifteen days. Promisee agrees to issue to P.J. Truck Rentals, Inc., a Satisfaction of Mortgage provided this note is paid in full and all of the aforementioned accounts are current. ! SutA mstalinrnr payasarets Mali be applad frost b rise must aeawny under rM tarns of Mss not. and than to a reduction d rise pnne.pal mdabtadness TM makers and andwsers of rMs nor. iwtlw asrea to wary. dan?and, na.c. of non-paynnnt and prWast, and m the .wnl war shall b. brouyM tw th. j collection hereof, a'the sense has to ba collected upon dansand o1 an anornay, to paw reasoreabla atlornai/s fee for asak~ such collection. AN payaearNS here- j urdM shall bear inlaryl at the rat. d 0 parcenl par anrwrri kola n•ahr~1~ until paid TMs nob ~s senind by a n~oA9age of snarl date harew~M and ~s ro I l» coestrsied and enforced accad~ny to the laws of tM Aab d fbrida, upon dafauM m tM payiwww of pinc~pal sndror interest when dw, rM whON swri d i pnnapal and xNwast raawrwq w~pa~d shall, at tM open of tM hoWars, wco~na .nm~ad:aaty due and payabM. iaJurs ro .a.rasa this optan shall not consrdub • waver d tM nyM to a><MUSe the was m rise event d wbsepusrM dalaulr. ~ i P,raeb ~ 560 N.W. 165 St. Road sEAti Miami, Florida 33169 Peter G. Holman Joyce E. ffolmar `sEAt' a such other place as shall loe SEAL; desiyrialed br rM holder d thn nor. w? wMay., 'SfAti - - _ ~ and shall duly. promptly and fully perform, discharge, execute, effect, complete, comply oath and abide by each and every the stipulations, agreements, condstions and covcnanb of avid promissory note and of thin 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," "mortg~or" and "mortgages" respectively and the pron- ouns referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular 1t one only and shell be plural jointly and severally, it more Lhan one, and shall be masculine, feminine and/or neuter, wher- ever the context ao implies or admits. And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven- anta ana agrees to and with said Mortgagee, his Legal repreaenutives, successors and assigns: 1_ To pay all and singular the principal sad interest and the various and sundry sums of money payable b~ virtue of said proaussory note, and this mortgage, each and every, promptly on the days respectively the same severally become due. 2. To pay ail and singular tt:e !axes, assessments, levees, ieabilities, obligations and Incumbrances of every nature and kind now on seed descrehrd prop.riy, and/or that hereafter may be Imposed, suffered, placed, levied or assessed thereupon, and/or Lha2 hereafter may be levied or stasessed upon this mortgage andfor the indebted- ncss secured hereby, feet. and every, when due and payable aecord.nR to law, before they become delinquent, and before any interest attaches or any penally is incurred: and en so tar as any thereof is of record the same shall be promptly satisfied and discharged of record and the original offiUal document (such aa, for instance, the tax receipt or the aatisfact:an paprr oftee:ally endorsed or certified? shall be placed !n the hands of Bald Mortgagee within ten days next after pa;•rr.ert: and in the event that any thereof fa not ao paid, eatL~fied and discharged, said Mortgagee may -t ary t:n:e pa;; the same or any part thereof without waiving or atfe~ting any option, lien, equity or nght uadrr or hp ..r;~e of Lhia mortgage, and the full amount of each and every such payment shall be immed:ately dui ar..l : nyab:e and shall bear interest from the date thereof until paid at the rate of Len per eentu~n per a:,s.~;~i a- : L~gether x•:th such interest sha31 be atcured by the lien of this mortgage. 3. To place and eontinucusty keep on the huiidin~a now or hereafter Mtuate on said land fire and windstorm insurance in the usual standard policy four., !a a sum not less than S . DiA..... fn such com- - pany or comp3nles as may be approved by seed Mortgagee: and all such insurance policies on any o! said build- ings, any interest thtrefn or part thereof, in the aggregate sum aforesaid or m excess thereof, shaD contain the usual standard mortgagee clause making the loss under said policies, each and every, payable Lo said Mortga. gee 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 poUcy, to deliver to sold Mortgagee a renewal thereof, together with a receipt for Ne premium of such renewal: and there shall be no such insur- ance placed on any of said buildings, any interest therein or part thereof; unless in the form and with the loss payable as aforesaid; and rn the ev?nt any sum of money becomes payable under ouch policy or policies acid Mortgagee shall have Lhe opt: ~n to rece:l a and apply tTe acme on accoeuit of the indebtedness secured hereby or to permit said Mortgagor to receive ar.~f use tt or any part thereof for other purposes wit-`rout thereby waiving or impairing any equity, lien or right under or by virtue of this mortgage: and in the event said Mortgagor shall for any reason tall to keep the sold premises so insured, or fail to deliver promptly any of said policies of insurance to said Mortgagee, or fall promptly to pay fully any premium therefor, or in any respect tall to per- form, discharge, execute, effect, complete, comply with and abide by thi• covenant, or any part hereof, said Mortg- agee may place and pay for such Insurance or any put thereof without waiving or affeeting any option, lien, equity or right under or by virtue of this mortgage, and the [ull amount of each and every such payment ahaU t bs 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 bs secured by the Uen of this mortgage. 4. To pernsft, eotrunlt or suffer no waste, Impairment or dsterioratlon of said property or an7 part thereo[. 6. To pay all and dngular the ewta, charges and expenses; including reasonable laaryer'e fees and coat of at,etnets of title, incurred or paid at any time bq said Mortgagee because and/or to the event of the tailtu+a on the part of the said Mortgagor to duly, promptly and fully perform, dlaeharge, execute, affect, complete, ebmply with and abide by each and every Ne atfpulatione, agreement. condltione and eovenante of said promis• gory note, and this mortgage, any or either, and sold costa„ e~iargea and expenses, each and snery. shall De tm- aredlatety due and payable, whether or not there De. notice, demand, attempt to collect or snit pending: and the full amount of sash and every such payment shall bear fntereat lronn the date thereof until paid at the rate o! bn per centum per annum: and all said cosU, charges sad expenses to incurred or paid, together with such in- terwt, shall b secured by the Ilan of thin mortgage. ..x34O ~~E 881 ar:rn r ~ _