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Home My WebLink About0748S?75, 000. OO SIUARI ~~o.,,,,. January '•~ ~ ~q 81 F OR VA~,~IE e~ jJ~~p,~~~~„~I~j~~ly a.~d vve~~lly VqOMISE 10 PAV 10 1ht orde~ o/ it ~ n~~ ~ . Two I~undrecl Seventy-five Thousand and No/100 -------------------______ . DOLIARS, ai • r~~~_ o~ wcA othe. pl~c~ ~s 1he holde~ ~,e>eol may dt~pna~t ~n wnun~. logelhe~ r-qh ~o~e~es~ hom da~e a~ ~he ~a~e ol 2$ pe~ ~:~~~um p~~ ~pODO(o~ fhe unpa~d hslant~ um~l malu~~~y. "" ",d p•'"~,o'' „'d ~^,••••, ~„ ~ d~,~ wr,bk„~a„ow.: on or before April 9, 1981. Prepayment of principal and/or inLerest, in part or in full, may be made at any time without penalty. Any prepayments sh~ll be first applied to interest accruinq at the rate of 2$ per month on the unnaid principal balance and the balance shall then be applied to principal. It OelaW1 De maAe ~o~ OaYS .n thc PaYmenl ol any ~nt~a~~mem ot p„nt~Da~ •.. .nte.~t1 0. Jny D~.1 Int~~01, Iht whnl! fu+n Ihln .ema~nmq ~,+~Oa~O wqD ~Ml~tfl 5-1~11 al naue~•s OpUOn plCprn~ Ov! Jn0 P1Y~t~1~ w~lhuul ~.ql~[t. 1 ~~~y~! •o e.e.use wcn uo~~on sha~~ not con~nw~e a wa~ve. pl ~h~ eiq'~~ ~olatK~1! 11f! fim! ~n Ine erent o~ ~uOseauem oe~auu Alll~ ma~u.ny own p...,c,na~ aoa ~[UUtA .ntl~lfl fh.lU ONr ~ql~~llt ~7 O!~ ttntum pt. •^n~m unUl Pa~C. ?At rn~kHf i~0 lnOOrslrf of IO~f n01! Iur11~l~ w~w~ Atn.~n0. nuUte ul uOn~P~vmenl ~n0 O~OtNI 1 ~ n01! ~i ~OI Da~G ~I m~tw~ly I~~tl tht )aTt tf PI~ClO M~~h an iltOrnty IOr (OIItLI~On, Iht mJAera ~ntl lnOO~1lrf nt.t01 aqret 10 O~Y all COSIf U~ ~e.~on~pie allornsY Itef. . ~c~va.oq au court cofls ana THE PINES OF FT. PIER E LOPA9ENT CORPORA~'10N - • ~i ; ISEALI $y- ~~f._~= `~; • t ~ . 1=5--~7@S1~7@fl~ . ISEALI ` ~ ~~ t ;/!~ , ~~~% ISEAII 7'ony ~oto onqo, !nc ivi va y ~ and shall duly, promptly and tulh• per(orm, discharge, e:ecute. e([eci, complete, comply Nith anJ abide by e:ch and e~ery the uipulations, ~greements, conditions and covenants o[ said promissory~ note and of this mortqa~~, then ehis mortqa,r~e and the awte herebr aeated shall cca•e aud be nuU and void. lt is understood that each o( the words. "note;' "mortgagor" and "mortRaRee" res~ecti~•ely anJ the pronouns ref~rring thereto, Nhether in tht singular or plural an~where in this mortQaRe, shall bc sinqular it•n~~e onl~ and shall i-e plun) joindy and severalip. if mo~re chan one, and shall be maxuline. (eminine end!or neuter, where.•er the con:rxt so implics or admits. And said \fortqaqor [or himselt ~ud his hein, leRal reprcuntatires, succcsu-r+ a~id acti~Rus, hereb} cnr~~nants and aqrees to and with said \Iortqa~, his legal represenutives, successon and as~i~n~: 1. To pay all and singul~r tht principal aud interest and tl~e ~arious and wndr~• sum. o( mon~~~ ~a~ablc b~ ~•irtue o[ said promissory note, aud this mortqaRe, each and e~~en-, promp~l~ o~~ the da~s respectirely tht Same se.erallv bccome due. 2. To pay all and singular the uxes, assessments. lt~•ies, liabilitics. obliRa~iuns aud incumbrances ot e.•ery nature and tind now on said de~crilxd propertr. audror that herea(t~r ma~• br im~,sed, su[fered, placed, lecird or a~sessecl thereu~n. and/or that hereafter may be In•ied or asscssed upon this m~nRaRc and •'or thc iudehtednc.~ .ecurrd hercb~•. each and ~~~en-. when due and payable accordiu~ to law, be(ore chey bccomr del~~~~~u~i~c, a~~d I,c(orc am' iutcrc~t .~tt~chc~ .~r am~ I,cnaltc i~ incorred: and in so tar as any thereo( is o( record the same sh.ll F,e pr~mptl~ satisfi~d aud diuhar};e~l ~o( re~ord aud ~he or- iqinal o((icial document (.uch as. for instanct. th~ taz rrctipt or the, sati•(action p~per ot(ic~allc r~~d~ine~l ~~r crrtifiecl) shall be placal in the ha~~ds o( said \fortRaRee within ten days uezt attrr p.~~mcnt: and iu thc e~-ent that au~ thcrer-f is uot so paid, utistied and discharqed, said ~IortgaRee may at anc time pa~• the +ame ~r ~m part therc~t Nithout wai~-iu~ or a(fect- inR an}• option. lien, equity or riRht u~~der or b~ ~•irtue of ~h~. mnrtReRe and ~he tull am~~~uit ~~t cach and e~e~y wch pa~- ment shall be immedia~dy due aud pa~able and ,I~all bear intcrc.t tium thc datc thrrrn( uutil p:,~~l :~t tl~c ratc ~i( tcn ~,rr centum per annum and toRether with wch i~~e~rest shall tx stcured bc ~ht lien ot this m~r~GaKr. 3. To plact and continuoush• keep on the buildinRs noN on c~r~aftct si[uate ~n wid lrud (irc aud w-ind•tnrm in+ur- anct in the uswl standard polic~ (orm, in a sum not less than ~hc 6r;heu inwrable ~alur, in wch c~~m~~.~uc nr ~~~m~,anie, as may be approved by said AiortRaRee; and all such insurance polici~s on an}• oi said buildinRs. anr interest ihcreiu .~r part thereo(, in the aRqreqate sum ato*euid or in excees thereol. shall con~ain th~ uwal stsu~l~~d mortKaRce clauee ma{,inR the lou under said policia, each and e~ery. pa}able io said \IortRaRee ~s hi~ i~~tere« ma~ appear. and each and e~•er~ •uch ~licy shall be prompdy delivered to and hcld bv said \tartRaqcr and. uot less than trn da~c in ad~ance of thr expiratinn o( each policy, to deliva to said MortRagee a renewal ther~of, toqether Mith a rcceipt (or tl~r prcmium n( ~uch rene~.al: and thr.e thal) be no such insurantt plxed on any of said buildinRs, any int~rest thercin or ~~art thcrco(. uulccs in the (orm and Nith the loss payable as aforesaid: and in the event an}• sum ot moriey bciomes ~a~able under wch polic}• .~r ~Mlicie~ ~a~d \tort~;aRec shall ha~•e the option to rcceive and apply the same_on account o( the iudebtedness secur~d h~reM~ ~~r to permit said ~InrtAa- gor to recci~e and ust it or an~~ part therco( (ur oth~r purjxnes h•ithout thereb~• w•:~i~in~ or impairinx an~ equitv, licu or riqht under or by ~•irtur of this mortgage: and in the e~e~u said ~I~rtRaRor ~haU (or anv rcasr,n (ail t~ A~c~: thc wid prcmi,es so insured, or tail to deliver promptly an}• of said ~olicies o( insunnce to said \fortKaRee. or (ail prom~,th to p~~~ (ullc any premium therefor, or in any rapect tail to perform, discharRe. cxerute. ~(tect. cumplete. comph Nnh and af,ide• M• ~hi. cov- enant, or any part hereof, iaid Mortgagte may place and pay for such insurance or any part thereof wi~hout wai~inR or ~(fecting anr option, lien, equity or right under or br virtue of this mortq~ge, and the full amount o( each and even such payment shall be immediately due and payable and shall bar interest from the dace chereo[ until paid a[ the ratc o( ten per centum per annum and together with wch interest shall be secured by the lien ot this mortRaqe. 4. To perrnit. commit or w(fer no ~rute, impairmmt or detetiontion ot said propert~~ or any pare thereot. 5. To pay all and singvlat the costs, charges and acpenxs, including reasonable lawver's fecs ~nd cost o( abttracts o( title, incurred or paid at anr time br uid I-tortgigee betaust and/or in the e~•ent of the (ailurc on the part o( the said AfortRagor to dulr, prompdr and fully perior~n. discharge, ~ecute, eftat, complete, comply r.ith and abide by esch and every tht stipulations, agreements, tonditions and tovenanta o[ said promissory note, and this mortRaqe, any or either, a~~d said costs, chuges and ezpenses, each and every, shall be immediately due and payable, whether or not there be notice, cie- mand, attempt to collect or suit pendinq: and ehe [ull amount of each and every such payment shall bear interest from the date thereoE until paid at t6e nee oE ten per centum per annum; and all said oosts, charga and expewes ~o incurred or paid. toRethet with wch interat, shall be xcured by the lien of this mongage. $~x3~8 Pa~f ?48 - _:. ~~~~~~~~