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Home My WebLink About1959S 350,000.00 Stuart Flor,d~. January 9 ,y 81 FOR .VALUE RECEIVEO, Ih~ und~~pOn~d, ~oinily and t~v~r~11y. PROMISE TO PAY 1o th~ ord~r o1 WALTER SEARSON and CAROL S. SEARSON his wife T11Tf~n •11~~~w~~w ~~~~.. ~.~~.~~ ~ _~~ ~ __ _ ~~ ~ _ - ----------------------- oo~~Aas. -• - -- - -- - - -- - -- - `" ~'~• ~'• or sueA otha pi~c~ ~s tA~ hold~. h~.~01 msY Q~S~ynst~ ~n wr~t~n,. top~tl~~r with inta~st Irom d~t~ ~t th~ r~t~ ot 0~o pp c~ntum pa ~nnum on th~ unp~~d b~lanc~ untd m~tur~ly. Th~ a~d p.inupal and in~~.~st ihdl M du~ ~~d psysbl• as follows ; First payment shall be due on the 9th day of January, 1982, in the sun of $105,000.00; secand pay~r~ent shall be due on the 9th day cf January, 1983, in the sun of $98,000.00; third payment shall be due an the 9th day of January, 1984, in the sun of $91,000.00; fourth payment shall be due an the 9th day of January, 1985, in the sun of $84,p00.Op; aond fifth pa}ra~t shall be due vn the 9th day of .Tanuary, 1986, in the sun of $77,000.00. - ~~ d~~,w~ o~ m,a~ ~o. 30 a,y~ ~~ M! P~Yr^ent Of ~ny inft~umenl O~ Orlntl0~~ Or ~nterest o~ .~Y o~.t ~~..~o+. ~~~ who~~ ~uT ~~~„ ,~m.,~.,,, ~:~ca~0 w~en ~nte.est fh~~i i~ nO~CN'f ODt~0~1 Decome aue ano oaysD~c w~f~out noUC~. F~I;u.e to e:ac~se s cn ont~o~ s~a~~ not co~ftqyyp ~ w~,~cr o1 t„e r~qnt t0 !al.C~S! In! 3~m! In th! lvtnt O~ Subi~OulJ~t ON~u~t. Atte. m~tu~ItY Dot~ prInCIP~1 ~nO ~Ctr~etl ~ •tSl f'+~~~ bta~ ~ntlresl a• 1 O O!r tlnt~T pt• •^~Um Unl~+ D~Itl. Tt+! mJk~-f ~ntl ~nOO~S~1! O~ 1n13 nOl• fU~th!/ w~lv~ OlT~~fO, nOl1C~ O~ nOn•D• O O~Ol~ft. 1~ thlf nOL~ ~f nOL O~~O at m~lYrlly ~~0 tA~ S~m! ~f D~iClO wllA •r1 ~tlO~My /0~ COII~CllOr1, tn• m~klH ~n0 •ntlO~f~~1 hp~p1 ~gr~~ sts ot con~uion, ~nc+uoiny a~~ courl costs ana ~t~SOn~bl~ i1t0-fflY ~!!1. - ~~r . ISEA~) ISEAI) ISEAII .-- .._. ~..~.........,.. ~...... and shall duly, promptly and fully perform, discharge, exetute, etfcct, completc, comply Mith and abide by each. and every the stipulations, a~eements. conditia~s and co~•emnu of said promissory note ~nd of this mortqagc, then this mortga,e and the estate hereby aeated shall cea~e and bt null and ~oid. • It is understood th~t each o( the wotds. "note;' "mortqagor" and "mortRagee" respecti~~ely and the pronouns referring thereto, whether in the singular er plural anyvvhere in this mortRagt, shall bc singular i( oue onh• and shall be plural joindy and severally, if more than one, and shaU be masculine, teminine and!or neuter, wherc.•er the concext so impliec or admits. And said itortqagor for himself aud his hcirs. leqal reprccentati~•es, succcssors and assiRus. hereby covenants and aqrees to and with said ~iortqaqtt, his leqal representatives, succasors and asciRnc: 1. To pay all and sinp,ul~r the priucipal and interat and th~ ~arious and sundre sun~, o( monc}' pa~~able by ~•irtue o( said promissory note, aud this mortgaqe, each and e~•er~•, promptl~• on thc da~~s res~ecticel}~ the same se~erally become due. 2 To p~y all and singular the taxcs, assessments, le~•ies. liabilitic~, obliRations aud incumbrances o[ cver~~ iiature and kind now on said de~criFxd property, and,'or that herta(ter ma~• bc im~,sed. suf(ered, placcd, lecied or aisc~sed thercu~n. and(or that herea(ter may bt leried or assessed upon this mortRaqe and,'ot the indebteclne+c xcured hereb~•. each and e~•er~~. when due and payable accordiuR to law, betore ehep become ddiuyuen~, and before am• intrrest attache~ or an~• pei~alty is incurred: and in so tar as any thereof is of record the same shall Fx ~romptly satis(ied aod dixhary;cd o( rccord aud thc or- iginal ofticul document (such as. tor instance, the t~x rectipt or the sati•facti~~i p~~~er o((iciall~• euuor~ed or certifiecl) shall be placed in the hands of said ~1ortRaRee within ten days uext a(ter pa~ment: and in the e~•ent that an. thcrcv~f is not so paid, satistied and dixhuqed, said ~tortqaqee may at an} time pa~• the ,amc or am~ part eherrnt wichout waicinR or ~(tect- iuR ao~ option. lien, equity or riRht under or b} cirtue ot ~h~. m~rtRa~e. and the lull amount o( r~th aud e~e~~~ cuch pa.•- ment shall be immediately due aud pa~able and shall t~ear interest (rom thc d-atc thcrc~( UIIhI ~3:11(I :~t tl~e ratc o( tci~ pcr centum per annum and toAether with such interest shall be secured b~• the lien o( this m~rt~G-rRe. 3. To place and continuoush• k~ep on the buildinqs noN or hereafter situate on wid 1-rnd tire ancl w-ir.d•torm insur- ance in the usual standard polic~ form, in a wm not leu than tl~e hirhest inturable .alue. in ~ucl~ com~-~u~• or companie, u may be approved by said ~iortRaRee: and all such inwnnce policies on an}• ot said buildiaf{s. ~u~• interest ~hereiu .~r pare thereof, in the aRqcegate wm a[oresaid or in excess thereoi, shall contain tht usual st~ndard mortKaRee clauu malinR the lou under said policia, each and e~•ery, pa~~able to said ~IottgaRee as hi~ iutere~t m~y ap~~ear, and each and e~•erc wch policy shall bt prompdy ddivertd to and hcld bv said \tortgaqce: and, not less than ten days in ad~ante of the expiration o( each policy, to delirer~to said 1-tortqaqee a renew~l thereof, toy,ether with a rereipt for the premium o( such reneNal: ai~d the:e shall be no such insunnce plued on any o( said buildinRs, any interat thercin or part thcreof. u~~less in tht form and with ~he bss Payable as aforesaid; and in the er•ent any sum of money becomec ~a}•able under such pnlicv ~r ~liciec said \tortKapee shall have the option to receive and apply the same on ucount o( the ind~btedness secured hereb~• ~r to ~ermit said ~IortRa- gor to recei~•e and use it or any part thereo[ for o~her purpcnes without thereby Naicin~ or impairinR an~• equit~. lieu or riqht under or by ~•irtue o[ this mortgage: and in the e~•ent said lfortqaRor shall tor anv rcason (ail to kcep the xaid premi,es so insured, or fail to dtliver promptly any~ of said policies of insunnce to said \tortRaRce. or fail prompth• ta pay (ulh• any premium there[or, or in any respect fail to perform, dixharRe. exec~te, e((ect. compleee, comph h ith a~~d abide b~ ~his cm•- enanc, or any part hereo[, said Atortqaqee mar place and pay for such inwnnce or any part chrreof wi~hout wai~~inq or affecting anr option, lien, equity or riqht under or by virtue of this mortgaqe, and the tull amount ot each and every such payment shall be immediately due and payable and shall bqr interest (rom the date thereo[ uncil paid at the rate ot ten per tentum per annum and together with such interat shall be secured by the lien o( this mortqaqe. 4. To permit, commit or w[(er na w+aste, impairmtnt or deterioration of said property or any p~rt thereof. 5. To pay all and :ingvlar the msu, charges and expenses, including reasonable lawyer's fees and cost o[ abstr~ttc of title, incurrcd or paid at anr time br said 11lortgagee because and/or in the e~ent oF the (ailurc on the part of the said Atortqagor to dulr, prompdy and fully pecform, discharge, acecnte, etfect, complete, comply with and abide b~ each and every the stipulations, aqreements, tonditions and covenants ot said promissory note, and this mortRaRe, any or either, and said costs, chuges and tupenxs, each and every. shall be immediately due and pay~ble, whether or not there be notice, de- mand, ateempt to rnllect or suit pendinq: and the full amount o[ each and every such payment shall be~r intemt from ehe date thetroE until paid at tLe nte oE ten per centum per annum: and all said bosts, charga and acpeqses ~o inturted os paid, toRether with wch incerest, shall be xcured bq the lien of this mongage. _ BOOK ~~U PACE 1955