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HomeMy WebLinkAbout0886:~ s ,_~~~.~.-- - - _..._._.. ~be~ S~EClfl~--- - --- eA~~~.TiE E . ~, JR. and as-. te~riants~~ comron- .__ ---11iI~LY-EIS~_.T1i0t~SANU_ .'ero &xh, Flwida NOVQi~P.t 28.! __._.--- -- .. 19•~ -• , . after date, 1, we w either of us pranise to pay to the orde• of . HARIO-r H. G~, his wife, an undivided 1[_2_ intere~~. A1~U? _NO/140----------~----------------------------- oo~wu for valus retNved, wYabk at .~~i~.e_.--Q~..~I~ui_H..---~th.erl.and_._~~to~nneY--at_iaaa,~lQra_.BQarh,. Florida, _~r_such_ other _place_as payee_may_ .desig~nate ~W~~1~_- --• -_- --------•-- -_---~---- .. with interest frum ---------_--~- _--_ - sf the -ate of _._-IQ-- -•-- -- pet cent per annum until paid; enterest payableS~~~U~~--SS_ . eci And esch of us whethar malce~, ~uaranta a endo-ser, hereby uv~rdy waives and renounces any and all tesd ~xemption ri`hts w~ ~++~Y ~ wder the ConsfifWan w Laws of ths Sfate of Flaida, o~ any otha Stats, or Unifed Sfatea, as ~`ainsf ihis nofe; u~d esch turther wsives demand, notic~ of non-payment and protesf, and in tM went it Oecomes nscessary to cdk~ct this not~ throu~ an attaney, a~~ees to pay all cosfs of colkction, includ~ne reasonabt~ aftwrry's tee. Zhe principal of this note shall be due and payable on December 1, 1983. Tt~e inter- est shall accrue at the rate of 109', per armun on the tmp~aid balance from time to time re~ining. Interest shall be due and payable semi-azmually with the first interest installment being due on June 1, 1981 and shall oontinue an each succeed- ing December 1 and June 1 thereafter until said principal stan shall be paid in full. In t~ie evenC of a default of any payment of principal or interest which default shall ~t be oorrected within 30 days the~eafter, then the entire remaining tmpaid balance shall inm~ediately becare due and payable at the option of the holder of this note. Any payment or any part thereof uey be made on or before its due date without penalty. No ---- ~~ ----_. ____~------------------ ~~ (;A1N ~~- -----____~-- -- -- SE/1l ~ ` - - ~ ~s~ I~bro~tliy M. Cain . ;. _ . ;'; -{.~r: ,~~: ~ =-~ .. = -` . - ~ .= ~ _. , - , ---DOI~JII~Y~1~I:~~AI1~~--------- ----------- sEw~ F.ll.1 i~;,;.,~~;~,.~~:-:~~:._i`.:. _ ... ~s ~i~ ~:-;-~. _ - .~ and sha11 duly, promptly and fully perform, discharge. execute, ettect, complete. .:omply w~tlf and abide by each and e~erv the stipulations. agreementa, conditions and covenants of aaid prom-s~ory note and of thL mortgage. then this mortgage and the eatate hereby created shall cesae and be null and void. It ia underetood that exch ot the wonia, "note," "mo~tgagoC' and "mot~tgagee•' respecUvely and the pmn- ouns reterring thereto. whether in the aingular or plural anywhere in thls mortgage. stull be dngular K one ody and ahall be plural jointly und severally, if more than one, and ahall be mavcullne, feminine and/or neuter. wher- ever the context so impliea or admits. Md said Mortgagor tor himself and his heirs, legal representativea, auccwors and aasigas. hereby ooven• ~nts ana agrees to and with said Mortgagee, hia legal repreaentaUvea, succeseors and aselgns: 1. To pay all and aiagular the principal and interest and the various and sundry sums ot money psyable b~ vlrtue ot satd promiawry note. and Wts mortgage, each and every. pmmpUy on the days mpectively ths sam~ severally become due. 2. To pay sll and aingular the tnxea, assessmenta, levies, liaDiliUea, obligations and lncumbrances of ever~ nature and kind now on said deacribed property, and/or that hereafter may be imposed, suffeted. placed, levied or aaaeased thereupon, and/or that hereatter may be lev~ed or assesaed upon thia mortgage and/or the Indebted- neas secured hereby. each and every, when due and payable aceording to law, be[ore they become delinquent~ and betore any Interest attaches or any penxlty is incurred; and in so far as any Lhereof is oi reoord the same ahall be prompUy satiafied and discharged of record and the original of[icfal document (such as, tor instance, Lhe tax receipt or the satisfaction paper officiatly endorsed or certifiedl ahall be placed tn the hands oi said Mortgagee n~ihin ten days next after payment; and in the event that any thereof ia not so paid, e8tietied and discharged~ aaid Mortgagee may at any time pay the same or any part thereot v~~thovt waiving or affecting any option, lien, equity or right under or by ~~rtue of this mortgage, and the tull amount of each and every such payment ahall be immediately due and ~~ayabte and ~hall bear interest lrom the date thereot unUl paid at the rate of ten per centum per annum and togeth~r with such intereai ~hall be secured by the lien of thia mortgage. 3. To place and continuously keep on the buildin~a now or hereatter situate on said land fln and wfndsform ineurance in the usual standard policy [orm, in a sum not les~ thar. i_-.- .----.----- --- -----------------•----.•---••-.--•.. !n euch com- pany or comp^nica as may be approved by sai~l l-lort~a~.:e; and all such insurnnce policiea on any of said bufld- inga, any lnterest therein or part thereaf, in the aR~regate aum atorrsaid or in exce9s thercof. shall contain the usual atandaM mortgageR clause makinq the lu~~ ur.d~r ~id policiea, each and every, payable to said Mortga- gee as his lnterest may appear, and each and e~•ery su~•h policy sh~ll be promptly delivered to and held by eaid Mortgagee• and, not less than ten days in adl~an~e of the expiration of esch poticy, to delfver to axld Mortgagee a renewa! ~there~f, toRether vvith a receipt fnr thP premium nf A~~~h renewal; and there shall be no such insur- ance placed on any of sald buildinR~, any interes[ therein or part thereof, unles~ in the torm and wlth the loes payable as aforeaaid; and in the eeent any aum of money becomea payable under auch pollcy or polfcies said Mortga~ee ahall have the optlon to receive and apply the same on account of the Indebtedness secured hereby or to permit said MortgaRor to receive and uQe ft or any pnrt thereot for other purpoaea without thereby waiving or impalring any equity, lien or riRht under or by virtue of this mortgage; and in the event said Mortgagor ahall for any reason iail to keep the said premises so insured, or fail to dellver prompUy any ot sald policiea oi insurance to aaid Mortgagee, or fail prompUy to pay fully any premium therefor, or in any reapect tafl to per- form, dlacharge, eaecute, ettect, complete, comply with and abide bp this covenant, or any part hereot. said Mortg- agee may place and pay for such in~urance or any part thereof with~ui waiving or atfectlng any option, lien. equity or right under or by viKue of this mortgage, and the full amount ot each and every auch payment ah~,_ be immcdiately due and payable and ahall bear int•rest trom the date thereot unttl paid at the rate ot iew~r L~JEZV~2 centum per annum and together with such interest shall be secured by the Uea ot this mortgage. 4. To pee7dt, commit or suffer no w~te, impairment or deterloraUon oi sald propertq or any part thereot. 6. 1b pay ~11 and aingulu the coets, charges and expenses, fncluding reasonable lawye~s feea and cost ot aD~tracta ot Utle, lncurred or paid at any tlme by satd Mortgsgee becawe and/or tn the event oi the tallurs on the part of the said Mortgagor to duly, promptly and fully perform, dlscharge, e~cecute. etfec~ completer oompl~ wlth and abfde by each and every the atlpulatlons, agreements, conditlons and covenanb ot aaid promfr wry note. aad W~ mortgage, an~ or efther, and asld co,ta, charges and e~cpen~es„ each and every, shatl bs Im- medlately due aad payable, ahcther or not thern be notice. demand, attempt to oollect or sult pending: and ths iW1 amount ot each and every such payment ehall besr interest irom ths dste thereot unW pald at the rate o! C~ael~ ~ p~r centum per annum• and all ~afd casb. charges and e~[pen~e~ w tncurred or pdd, Wgather wft2i ~uch 1n- bres~ ~1~a11 b~ ~ecured bp ths llea o! tht~ mortgage. ~ #_ ~ _: 8~~~345 P~E 884