HomeMy WebLinkAbout2917
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;: s 45, 000, 00 ..---- _-- March 27 19 81 `
:~ FOR YAIUE RECEIVED, ths undersigned, iointl and severaily, PROMISE TO PAY to th~ order of ~
•: RICt~ARD G_,_.. DILIAh and DEN~T'i E A. DILLON , h i s_wi fe ___ •~
•r'orty-_five Thousand and No/100.-----------------------------------------flOLIARS,1
': a- 12623 _S Indian River Drive , Jensen Beach, Fla, 33457 or suth other plsce as the holder ~
.~ heraof m~y desig~at~ in wriliny together with interest from • De f au I t_ ~ ~
,~ it the rate of _ '~'_- . per centum per annum on the unpaid bai~nce until maturily. The said p~incipal and interest shall ~
,~ be due and payable as foilows: y~
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; $ 22,500.00 payable April 30, 1982 ~
;; $ 22,500.00 payable April 30, 1983 ~
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1/ d~fauk b~ rn~d~ ~er yt in ~6~ par~n~nt oi any imfatlrwtnf o! princip~l or infer~s~ or ~ny part tMreof, th~ wi~ob sum -hen ~en+a~n;np R
3 0 a, ~'
~epa7d w'q6 iM~r~st shall a1 Aold~r'~ option b~co~w• d~~ and psyabk w~~hout noNc~. Failvr~ te •se.cit~ sucl~ opt~o~ shall not con~tit~t~ a waiver of ~h~ `~
. r~y61 Io •a~rin~ M~ san~ iu M• •venl of wbs~q~~n1 d~tavl~. Afq• matwi~y bo~b princip~l and acerved U11f/ff~ ~I~~II blJf in~eres~ at 5 y per ~entum ~~
~ p~r annum un~~l paid. Th~ euk~rs and •ndort~rs of tAis no~• Iurfh~r waiv~ demand, no~~c• ol nonpaym~nt and p~ot~st. 1( ~hit nott is nol paid a~ ~~
' m~t~riry snd tR~ s~~n~ is plactd w~lA an a~~orn~r Io~ coll~ct.on, tM mak~rs ~nd •ndorstrs h~r~ef •yr~• to p~y all costs oi colltc~:on, includ~~y all court `~
. cosn and r~awa~bb Ntorw~y f~es. ~~
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~', . ._'c/ (SEAC) ~
: Stephen A .,~~Gray ;
. n~e:~- . (SEAI) :
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-- ~- ----- - -. . _ . ~seat~ :
;-. .•.•,•; . : ; : .•. .-; .•.•. ,•; ; : ; ; ,-.-: , : : . . ,•. .•: ; : . ; .•,•..•.-,•.•.•.• : : : . : :.. ..: : : : : : : ... . : . :•: : .•,-. : : .-: : : : . : ; .-: : : .-: : ; -.
RR~~ shall duly, , rompUy and fully j~~r~[orm diR~hAf~;P, PXrr~l!~• ritr~';. i-nTll(~lr(~~, ••~~Rt(~1~ w~th and abide hy each
a~d e<<•r}~ :hr st.i~u:a:i~~r.s, agret~ni~~nts. ~•~~r.~f.t,":~.r ;~t:~1 ~ u~•,~n:in!, ~~t .:.:,1 ~ r~ ::.. ,~~,ry nut~~ end r~f thiv m~>ri~;age,
!hr•r. th~9 m~~r;Kage and the es[ate hereby ~~reatrd ~h~~l ceasr an~1 hr nult an~t :;.: !
It is under3tor~d that each of the ~~or~is. "note." ' mort~;;.~;~,r'~ and "mnrt~;:t~;t•e" re:;p~ct~~•ely and the pmn-
e:~r.s rFferring thereto, whether in thr sinRul~~ ~r ~~l~iral any~~hPr~• in !hts mnrt~;aRe, sha)1 be y~ngular it une only
an~1 ahxtl be plural ~ointly and severally, ~f mure than ~,nr, yn~i sh:.ll h.~ ~nwv~~uline, fcmininP atid or ncuter, w•her-
e.•er the context so ~mplies or admits.
And said !-tortgagor for him~elt and h~s he~rs, 1~Ka1 rFpreser.tat~~-ev, our~•evvors an~i a99i~, hereby coven-
ant~ ano agrces to and w•ith ynid Dtor[gagee, h~s legal reprrvent:-tiv~v. ~u~ ~~•ssurv and asq~~ns:
l. Tn pay al! and s~ngular the pr:nciF~a! er,d cnterF~t ar.d the vannus anA 9undry s~jms ot m~ney payaDle Dy
virtue ot ~aTd promisnory note, and th» mortgage, each ar.d eti•Fry, prompUy nn the da}~9 resp~ctively the same
~e~•eralty become due.
2. To pay all and s~nRvlar the taxes, assessm~~r.:s, Irt•trs, ]ie~:!iUcs, ot~is[~xttnns nnd in~ umbran~ es nf r~•ery
r.ature and kind nou• on sa~d descnbrd propPrty, an;1 ~~r that h~r~aft~•r ~r:ay Ge ~mpC19P~j. 9!1fiCCPli, `ilrlfP~, II'\'iPd
or assessed tFereupon, and or that herPafter m.iy h.~ 1.•t•:P~1 ~~r a.--~ "~•~f up~.n th:. r.inrt~;:~~;e an~f ur th~ :nd~•b[ed-
n~•ss ti~~urc~1 h~rFby, ea~h and e~er:•, w•~~n d~u an~i ~~:+}ah{~ a~ r~~r1~r.~ t~ law, hr!nrr theY Aecnme ~1.•LnquPnt,
an~i t,• ,ore anti' intPr~;t attaches nr ant• prnalty ~.+ i::r urr.•~~ anJ ~n a~~ i:ir :.s .tn~~ th.~n•nf ~s nt rPCOrd thF same
~hall be pr~~mptly sahsfled and disrhar~r~3 of rrror~t an~l thr nr.~:nal ~rif:cial ~~~~~ i1R7PIi( ~~u~h a~, for u~stance.
thP tax re.c:t.t cr the sat:yfa~t:on ;~a~.rr n.'fir:tl!}• er,u•rv~•~1 ~~r ~rr!~fu•~1~ shnll GP E:!K~~•A tn thP IIR~l~9 of s.ud
~1~:N~;.~~~>r K~ihsn ten da~•s n~xt attPr ~~,y~„~RC: ana ~n ?he r~~rnt tt;at an~~ ther~•,~t is not sn p:~id, sai~sfied and
di~charRed, sa~d At~~rtRaGee may at eny t~m~ pay the~ S..n~~• ~;r anv ;~art 2~~vr~•~~f ~ith~ut K~a:~-:n~ r~r affs~ting
ar.y ~p!~on. I~~n, eq~:~:~• ~r nRh[ un3Fr ~r t~• ~i~;u~ nf thiti trnr!~;:itir. xmt thr fui! amnunt of each and r~~ery
surh ~a~•ment ~hr~ll t.~• i;nm••~i~at~•-y .i~~N ar..f ~~ay:~h:r .~n:t ~r::iU bear ~nt~~rr~~ frnn: thr ~fete thereot until pa~d
at the ra±e rd t~•n per c~•nturn }~er annum xn•f t~.~r;h••r w•ath ~urh ~n[rr~it snall be• y~cured by the l~en uf th3s
mort~l~e.
3. To place and cont~nu~usl}• kerp ~n th~ b~i.;~f:n:•v n~~w• ~~r herraftPr sttuete on said 1:-nd [ire and wzndst~~rro
insurar.~o m thr u~~:al ~tar..i3r1 F~ ,Ii~ ~• .`~~rr.~.. ~n n~~~r~; n~ t lcs~ !hstn j Maximum .,~ yu~h c~,m-
pany nr ~~,m;', :.. ;-,<. r.:ar h•~ eppr~~~.•.f l,t~ sa.•t ~1~~r':::~~~ e. ,,:. !~. .•~~ h~nsr:r:in ~ p~~l~r:ev nn any nf ~n~d Auild-
~r,,~. any ~n_Prest th~rr:n or ;.ar! th~ren~, m.t:~ nc_rr~:,t~~ +um a(~r~~:-s:d ur in P%~'P71 LhrC~nf. ~hFill cnnta:n ihe
u~uai _,tar. iar,! n:~~r+caR~~ ~ la;~c,• m:-k:n~ thP 1-v ur :~•r a•~:-1 ~nL~ .,.s cx~ h en 1 erPn•. pa:•aAle tn ~a~~i btnrt~;a-
R~„ .~~ his ,nt~n~s: rr:a•: a:~E,• ar. ar 1~•~u h a~. t.••.•• ~~. R F~ ~: ~ t• ±h ~!I h~• pr~n:i ;ly ~1~1i•:~r~d t~ nnd hP14 by said
SI~,r!~:a~~P: and r.nt lrss than !~rt ~lavv m a~t-am c«t t~:~~ ~•x;~irx!:~:r. ~f ~arh p~~L•~•y to delivrr to satd btnrt~;a~~e
A fr~t•'~'a1 LhPre~~.! !n~P!hrr ~a:th A r~rPi~~t !•~r ;hP ~,.Pm~um ~~t ~~i~ h rr.jrµ•qj- p:~~~ thPre ~hdll Ac no such :nsur-
H!trt• ~~1:ict"1 nn ar.~- r~t >a~~ Gu:1l~r~;s any in!.•r.st tr~~r.•:r. -:r ~~rt th~n~of, unl~:~ ~n [hP f~rm and unth thP I~~~e
pa';a`.!P as a!~,•~ca;~:: an~t in the e~•Pnt any sum of m;:rt~p t~~~~•nm~~ ~»vabl~ un,1~r a~rch p~,H~y or ~ol~~iea said
!1inr~ca~r~ shail ha~e the «pt:~m tn rr~ ~:~P and •+~E~!c tt c~:+m•~ nn a: ~ ~~i~nt of thr in•i~~DtP~1ne» serure~! herPby or
t~~ n~*rr•at ~-~.~1 ~t~,rrcaC~~r tn rPrr~~•r ~~~1 j:~r :- r.r pnv F~ari ther~•nf f~r nthrr rnr,~o9rs unthout th~r~bp u•a~~~ing
or imna~rn~ an: P~u~tv lien nr r.~ht undrr ~~r by ~•:rtue r,f tt:i+ (tln~j~;~!P. QJ11~ in th~ e~•ent said Mort~a~;or ahall
f~r nr^ n~:is~ ~ f~:l [n kFrp ih~ ~a:~1 rr••m,v~•~ 9~ :n~ur~~, nr fa~l in drltt•rr promF.tly eny of ~aid pol~c~e~ of
:nsurtinrr tn s.u :~i~~rt~1R. P. nr f~l rrompUv t~ p.~v f::lly :uiy prPmn~m th~refnr, or ~n any rc~p~~t fatl t~ per-
torm. ~iic~har~~. Pxrru;~, ~ff~~t, rnmplrir. ~omply wzth anA abi~fr Ay Ihi9 r~r~•~nant, or any pert h~reof, anid binrtq-
aQeP maV P1a~r anA i.a~~ (r~r s•irh in~nranc~ or any ~ntt thrrPn{ withrn~t v~•ai~•~n~ or af(~rhnR flnY ~pt~nn. 1~~n.
eqint~~ or r.cht ~;adf~r ~r b:• ~,rtue u! th~s mort~a~o ar:~i th~• full an:onnt ~~f Farh 9(1(1 PYPf}t auch pxym~nt 9haU
bP Immed~a!r;y ~~~~ and ~a.~gni. nmi vhall APar ~n!~r~~t frnm the ~1ate ther~ot ur.tll p:-~d at the raie of Cen per
~Pntum ~or annum Ar.d tnR~th~r wtth ~uch tnterest ~.".alt be aecurcd Dy the Len ot tt~le mortRaRP•
4. To perm}t, cr~mmct ~r +uft~r nc K•a.~te, ~m~a;rme•nt or deterlorntlon ot ~d1d property or eny part Lherrot.
6. To pay nll and a~n~ular the rn~ty, char~e~ and ~xpPn~es, in~ludinR re~onat~te leuyer's f~ea anA co~t o:
ebstract~ ot t~tle, tn~urred or pald at any tfine by ~ald M~~r!ReRee br~•au~e and'or tn the event ot the tallure
on the part o[ the satd M~rtgaR~r to duly, promptly and fully perfortn, dlscharRe, execute, e(fect, complete,
cr,mply uith and abtd~ Ay each and ev~ry the ~ltpulationa. agreements. rond~U~n~ and covenante ~[ said proml~-
sory n~te, nnd thi~ mortRaFe, nny or elth~r, anA +ald cost~, charRe~ and expensea, cach anA every, ahall be Im-
meA~etNy due and payable. ~aheth~r ~r not ihere be notice, drmnnd. attempt to collect or ault pendlnR: and ths
full amount ol each and every such psyment shstl bear tintereet [rom the dste thereof untq pnld st th~ rate ot
ten per centum per annum: and all aatd cost~, charge~ and ~:pense~ ~o tncure^ed or pald, together wlth ~uch tn-
terest, sh~ll bs secured by the Ilen ot thls mor!gaee.
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