HomeMy WebLinkAbout0323' -~I i~I~I•r~I~I~i-NfI,I,i~I~I~I~l,I,i i~l~. ~~~I~i~.~~~~~i~~r i~r~i • .'•~•~•'•~•~I~.~~~~ i~~~I~~~1'~~~~•'~ :~i ~~i~I~~~•~.'.~~~I~.~I~Ii'.~~`1~i~.~I~.~~'I~~~i •'I~~ i~-~~~I,i~I,I~I~I~,\
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; F~ yp~ ~CEIVEQ, the undersi~ned. joinrlY and severally, PROMlS~ TO PAY to th~: or~e- of
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~» 7~)=ifj $. E,. t~IIIE'I1cjL^~'if: , H~~be SUtII1:: , 1 iox-ida ~:;~55 or ;uch o~he~ ptuc as ~h~ holder ~~
~ nereof may designats in w~itin~ tog~Iher with interest f~om Dr•~:~~:`ueY' 31 ,~nBU ~~
;~t tne rats of 1 1 _. per ceMu:n per ann~~m on the u~~paid balance un1i1 maturity. The said princ~pal ar.~l interest shall ~
i~c due and payable a: iotlows: $ 3 7u . 50 a r.~on rh , r-he f i rs t r ayT~n t be in ~ d~~e :~*~ ~~ ;non rli ;•
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r_~t~, :~~t.~ iierec~f , anc3 cc~;~tinue f~:r c~ach m~~t~tt~ r here.3f--rr ur.t i 1~-.~;~':. 'i~c~ .
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; yu..~ o~ S37r~ . 50 pa:d eac',1 T~or.tll s'.z~~:.l Fir:~t i~e cr.edi tc~d t:~ inc r rr~:t a1~~1 t;.~.~ ~
.--c..asi.:ic':~r ~_o ~he Prireir~a~ ~; this ~hlir~ation. This nc~te ~i:~~y bc~ pr~r~~:i~l ar ;~
•_:~2ch Ciries _inci in such :imounts as t:~e trakers desire ~~ithc~uL ~E•t~altv ;
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. If d~la~h 6~ eud~ }M l~~ d~yt iw Ih~ paym~nt of aAy ~ws~al{ihenf of priw~iPa) o~ inf~r~ef e~ .sy P~il Ihereef, fM whol~ ~um th~e r~,nsinir.y ~.
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' ~~,yaid w~~b iel~.~tt fhall at Aold~~'~ opr'o~ becom~ dot ~nd payabie w~tlw~f no~i~a. F~il~~e Io •:~~as~ fvth opl;on thall nef eomtitut~ wvire~ o~ M~
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, ~~~• fa aa~,-cis~ th• sam• io Ib~ •ren- of wbwqv~nl del~vlr Ah~r wutvritr botA p,incip..! ~nd aatrwd inNr~st sAall ~~r inNretl at 1 ~~
~;.r •nnu~w w~b1 paid. :6• wu1~n ~ed ~e~onen of ~his no~e iu~-Mr wairw dtm~~d, no1~t• of nonp~ytMnt e~d p~oq+t. 1~ 1bn noh i~ not p~~d ~1 ~~
m:.~.ity a~d tk~ f+aK is plu~d wdl+ an a~tore. / fo. coYr~t.on, IM m.~era aed •ndorur~ h.iwl ~bre• ~o pay ali co~•~ ot eoli•erlo.~, includiny ~!1 cour~ ~
.,-•~t ar~d r~a+onab!i aaorn~y fr~~. ~`
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and shall Auly, promptly and fully ~ertorm, durharRe, exe~~rt~. rffr~•t, complet~, ~•omply w~th and abide by each
and e~en the ~t~pulauons, agreements, cond~t~uns and ~•ovcnan~s ut s:ud pr~~m~»•~ry note and o[ tlua mortgage,
th~n th~~ mor:Rage and the estete hereby created sh~ll cease and tre null and :r,ul.
It is understood that each ot the K'orda. "note." "mort~a~;or" and "m~rtRa~;ee" respecti~•ely and the pron-
ouns referr~ng thereto, whether m the s~nqulsr or plural anyvvhPre ~n th~s m~rtgage, ~hall be a~ngular If one only
and ~hall be plural jointly and xverally, it mure than one, and ~h:ill hc rnn.4culine, temimne nnd ~or neuter, wher-
e~er the context ao impUes or admits.
Md uid Mortgagor tor himael[ and his helro, legal representatice~. 9uccessora snd avigtu, hereDy coven-
anta ano agree~ to and vvith said Mortgagee, his legal representatives, succ~ssors and as~ign~:
1. To pay all and s~ngular the principal and intere~t snd the variou~ and ~undry aums o[ money payable by
virtue o[ sa~d promissory note, and tlus mortgage, each and every, promptly on the day~ re~pecUvely the aame
~e~•erally become due.
2. To pay all and ainguler the tsucea, dsaessments, Iev~e~, liabil~tie9, obl~~at~nn~ wnd in~umbrance~ ot every
nature and k~nd now on sa~d de~cnbed property, and ~or that her~a[tcr may be ~mposPd. ~utfered, placed, Icv~ed
or assessed thereupon, andior that hereafter m:iy br Irv~ed nr assrsaed upon lhis mortgaRe and or tlie mdebted-
ness arcured hereby, each and e~ery, w•hen due and ~~ayable accordin~ t~ law, brtore they become delinquent,
and brtore any lnterest attaches or any penalty ~v mcurr~•4; amf ~n vo far a~ nny therPO[ ~s ot rernrd the sams
shall be promptly satisf~ed and d~schargrd of record and lhe on~~nal off~c~al ~tncument lauch as, for u~.ttance,
:hr tax receipt er the sati~faction paper oft-c~ally en~t~r.v~~i or certd~rd~ ~hall De plwceA ln the hand~ ot ~aid
ttort~agee w~thin ten day~ next atter ~aymcnt; and in the e~•rnt thnt any there~f is not so pa~d. ~atwt~ed and
d~scharged, said Atortqa~ee may at any t~me pay the s:~me or nny part lh~re~t ~cithout wa~~ing or aftect~ng
any opt~Dn, lien, eqmty or r~ght und~r or by ~•irtuP A~ II113 mnrt~age, and the ftdl emount ot each and every
surh payment ahall b~ ~mm~d~atPly due an~t payabte and vh:ill bear ~nterest (rom th~ date thtreof unUl pa~d
at the ra[e of ten per cPntum per annum and to~eth~r K'1lll su~h ~nterevt ~hall be aecured by the rien o[ this
mortgage.
3. To place and cont~nuously kerp on the bu~l~fin~s nnw or hereatter attuate on ~aid land fire and windstorns
in~urance ~n tAe usval ,tandard poli~y (orm, tn a sum nnt iec~ thru- s Maximwn . In ~uch com-
pany or comp- zi~s as may b~ nppr~.t~e~i by sa~d 1-fnrt~ar. e: an~l alt surh ~nsunn~e p~1~c1c~ on wny of ea~d build-
mRs, any ~nt~rest there~n or part thereof, ~n the n~~rrFate aum aforPaa~d or ~n excess thereof, ahaU~ conte~n the
usual standar~t mnrt~aRrP r~gpSP makinR the 1~~~, uc~i~r sa~d (uil~rlr~. e~~•h end etery, payable to said 1ltortga-
Rec as h~s ~ntPrPSt mat• app~ar, anri PRrh a~:d P~•P:y su~ h pnl~cy aAall he prnm~tly APL~ered to and held by ~a~d
11lort~a~re: and. not less than t~n davs in a~i~an~e nf the Px~~ra~~nn of ~ach pol~~y, to deliv~r to sRld Mert~aR~e
a renP~val therenf. toQether w•ith a re~ript (~r thP prPmnim ~~~ va~~h r~n~wwl: enA th~re ~hall be no ~uch insur-
ance placed on anr of ~aid bwl~f~nR~. any intrr~st th~rF~n ~r part tnereot, uNes~ ~n th~ torm snd wlth the In~~
pa~•able as aforesaui; nn~t m the e~•pnt any ~um of m~mry b~comea p~yabl~ und~r v~ich pollcy or E+olicies sa~d
Mort~;a~ee shaU haee the ~ptian to r~cei~•P and apply the aamP on ac~ount ot the indeDtednt~ secured hereby or
to p~rmit sa~d ~tort~a~or to r~oeiv~ and u« it or eny pnrt thereot for other pu~se~ without thereby waiving
or impa~rinR ant• equity, lim or n~ht under or by ~•~rtue ot :h~s mortgaRe: and ~n the evmt ssid MortqaKor ~hall
for anp rrns~n fa~l to kpPp th~ said prem~~~s ~o inQur~A. or fail to dNlver prompUy any ot aaid poLc~e~ of
insurancP to sa~d ~inrt~lA~e, or fail promptly to p~y ~tnlly xny premium therefor, or m any respect tall lo per-
form, d~echar~e, ex~~ute, pffe~t, complPte. comply w~th and ab~de bv th~a covennnt, or any part herco(, aaid Mortg•
aReP may place Rn~t pav tnr such in~urance or any part thereot withnut v-aiving or .pttectinq any optinn. I~~n.
equity or r.Rht under ~r by virtue of thi~ mortQaRe, an~l th~ tull amount ot each anA evrry euch payment ~haU
be fmmed~Rtely duP and payable end shsll besr ~nt•rest from the date ther~ot unttl paid at the rate o[ ten per
crntum per annum nnd toRether with ~uch Interest ahaJl be eecured by the lien ot thl~ mortga~Ce.
4. To permlt, comm~t or ~~ft~r no wa~te, ~mpa~rment or deterloratlon ot ~ald property or any part thereoi.
6_ To pay aU and ~inRular the co~ts, charRes and exprn~es, includ~ng re~onsDle lawyet'~ tee~ and cwt of
abatrncta ot title. Incurred or pald at any tlme by sald Morigagee becsuse and~or ln the event o! the hllure
on the part o[ the ~a1d MortgaRo~ to duly, promptly and [ully pertorns, dl~charge, ra[ecute, ettect, complete.
comply a-ith and abtde by each and ev~ry the ~tlpulatl~~s, agteemenb, conditlon~ ~nd covenanb ot sa~d promL-
~ory n~te, and t~i~ mortRage, sny or elther, and sald co~ts, charges and expenses, each and every, sh~ll be Im-
mediately due and psyeble, whether or not the~e be notice, demand, attempt to collect or sult pending; and th~
full amoun[ ot each and every ~uch payment ahatl bear tnterest twm the dab tpereot unW pdd at the nte ot
ten per centum per annum: and all ulA cwb, charge~ ~nA ~speoss~ ~o lncurred or palQ to~ether w+1th ~ucb 1n-
terea~ ~hW D~ ~ecwed by ths Uen ot W~ mortga~s.
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