The URL can be used to link to this page

Home My WebLink About1005 - - _ .-110,QOQ.QQ---- vero Beach, Florida October 2? , 19~_ _ As below specified _ after date, we or either of us promise to pay to the order o1 JCl~IN H. an ivided ~ int st• ONNIE DAt~SIRObl, an undivided ~ .~titet; ..~n hAURA ~„--kf~NQOGK..an undfv~fded ~ interest... . - . - - . - . ONE HUPIDRID TAN TIKXTSAPID AMID . I!]%100--.--__._ . - - oou.Nes fo. value received, wyable ar _ Q~~c~._Q#..~o~n..H.._.~therland.. Attorney-at=.7~tilt, VBm.-Beach, .Flflrida, ___orsuc/h .other~lace_-as_payee.maX._4~igR~.t~ ~n.w~ci.ti.»g - -with interest front _ /f1 3_~_~ at the rate of -.-ZQ.O.._.._ per cent per anrwm until paid; interest payable ~A.S..~£lt]illT.-Sp~CifiE'dd. Md each of us whither maker, auaranlw a endorsor, heret.y Nverally waives and reroweees arty and all homestead exemption rights we may haw under fM Ca~sfifution or taws of ties State of Florida, or any other Stag, or United States, as against this rote: and each fwtteer waives demand, rotke of non-payment and protest, and in flee ewnf it txttomn necessary to collect this rate ttroutite an attorney, epees to pay all costs of colletfan, Intludir.p nasooa0te aftomer/a fee. 'Ihe principal of this note shall be due and payable as follows: Zile sun of $40,000.00 shall be due and payable on April 1, 1981; the sun of $17,500.00 shall be due and payable an November 1, 1981; the sun of $17,500.00 shall be due and payable on April 1, 1982; and the sun of $35,000,00 shall be due and payable April 1, 1983. In addition to the principal payments, interest ' shall be due and payable on the smile dates as the principal payments are due, at the rate of 10~,per annum calculated on the unpaid balance from time to time remaining, In the event of a default in any payment of principal or interest, which default shall not be corrected within 30 days thereafter, then the entire remaining unpaid balance shall immediately beeolne due and payable at the option of the holder of this note. Any payment or any part thereof may be made on or before its due date without penalty. _ /s/ Joseph J. Lack tVo._----------------- ~ - - SEu OSE~i J: --IAO~i s~~~ ~y /MAR~~-AN~1 ~.A~i - - sFu i ~ - and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply wiW and abide by eaati and every the stipulations. agreements, rnnditions and covenants of said promissory note and of fhb a>tortsaj~sr then this mortgage and We estate hereby created shall cease and be null ono void. It is understood that each of the words, "note," "mortgagor" and "mortgagee" respectively and the proa- ouns referring theret0. whether in the singular or plural anywhere to this mortgage. abate be singular it one oNy and shall be plural jointly and severally. if more than 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 repreaentatlves, successors and assigns, hereby coves. ants ana agrees to and with Bald Mortgagee, his legal repr+esentative~,auccessors and assigns: 1. To pay all sad singular the principal and interest ar?d We various and sundry sums of money payable by Wrtue of said promissory note, and this mortgage, each and every. promptly on the days respectively the same severally become due. 2. To pay all and singular the taxes, aseeasmenta, levies, liabilities, obligations and inctrmbranca of every f nature and kind now on sold 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- ~ Hess 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 tar as any thereof b of record the same shall be promptly satisfied and discharged of record and the original ofLcial document (such as, for instance, the tax receipt or the satisfaction paper of[icfaliy endorsed or certi[iedl shall be placed in the hands of said Mortgagee within ten days next after payment; and In the event that any thereof is act so paid, satisfied and discharged, said Mortgagee may at any time pay the same or any part thereof without waiving or affecting any option, Uen, 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 data thereof until paid at the rate of Len per centurn per annum and together with such interest shall be secured by the Uen of thin mortgage. a. To place and continuously keep on the buildings now or hereafter situate on acid Iand fire and windstorm Uisurance in the usual standard policy form, in a sum not less than ; -111S1QStiZL'..Yd~ in ouch corn- pony or compsnics as may be approved by acid Mortgagee; and all such insurance policies on any of said build- ings, any interest therein or part Lhereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the loss under said policies, each and every. payable to said Mortga• gee as his interest may appear, and each and every such policy shall be promptly delivered to and held by said 1ltortgagee; and, not less than ten days in advance r:f the expiration of each poUcy, to deliver to said Mortgages a renews) thereof, together with a receipt tnr the premium of arrtr•h renewal: and there shall be no such insur- ance placed on any of coed 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 acid Mortgagee shall have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said Mortgagor. to receive and uses !t or any part thereof for other purposes without thereby waiving or impairing any equity, lien or right under or by virtue of this mortgage: and In the event said Mortgagor shall 4 for any reason tail to keep the said premises ao Insured, or fait to deliver promptly any of said policies of l insurance to acid Mortgagee, or fail promptly to pay frilly any premium therefor, or in any respect fall 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 an~?'part thereof without waiving or affecting any option, lien. 1 1 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 i centurn per annum and together with such interest shall be secured by the Uen of this mortgage. d. To permit, commit or suffer rro waste, impairment or deterioration of said property or any part thereo! j 6. To pay all and singular the coats, charges and expenses, including reasonable lawyer's fees and cost of = abstracts o! title, incurred or paid at any time by said Mortgagee because and/or in the event of the !allure ~ on the part of the said Mortgagor to duly, promptly and tally perform. discharge, execute, effect, completer comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promo~ sory note, and this mortgage, any or either, and sold costs. charges and expenses, each and every, shall be (m- medbtely due and payable, trfiether or not there be notice, demand, attempt to collect or salt pending: and the full amount of each and every such payment shall bear interest tram the date thereof tuiW paid st the rate of tea par centrun per annum- and all Bald coats,. charges and expeasa so incurred or pall, together tivith such 1n- feral, shall be secured by the Uen of fhb mortgage. a~342 P~i~S x