HomeMy WebLinkAbout0968 ~~r4
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13 S. 000 . 00 . ?~ov~:mber ,s b4 ; `
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FOR VAIUE REGEIVED~ th~ undorsiqned, jointly and sevc. .!ly, PROMISE TO PAY to Ihe or~er of-'
A\7TA R. TILTON--------------------------------------------------------------
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` t~NE_ HUNDRED_THIRT`Y_.FIVE THOU~f~ND AfiC P~0 100---- `
, _ I DOllARS,
et P.•_ 0_•. .Box 1175_,_ Jen~~n Beach. Fl.~r~da 33!157 or:~ch other place as the holder R
hersof may dssiynatt in wriiing fogether with interest from ~avember l,~ 1984
af fhe rate of ____.11..___._._.._ per centum per annum on the unpaid balance until maturity. The sa+d principal snd interest shall '4~
be due and psyable as follows: PByable InCere~t Only for tw~ (2) years. ~'a;rable QuRt'terly. F1.TSt
quarterly intexest pa}m~enC paya~ile Fetm~ry 15, 1985 and e~~ery c~u; ter thereafter for t~ao ,
years. The entire ~'rincipal ~alance plus accrued Interest payal~le an Nov~rl~er 15, 1986.
Qu~rterly interest of $3,712.50 c~ue Febn~-y 15, 1~85, May 15, 1955, August 15, 1985,
I~bve*^};er 15, 1985, Febzv~ary 15, ].~06, ~tay i5, 19:36. Paya~~le rlava:~her 15, 1986 Interest
o'' 712. 50 and Frincipal $135, 00O. Tota~ of $138, 712. 50 rayable on No~ver.ber 15, I9S6. ;
THIS I~X','IE MAY EE P'RI'•PI! ID AT Ai:YT1" SE j:fIT~~Ui PEI~AI.1Y . ~
If d~l~uh b~ mad~ for ..15 d+ys in ~he paym~n~ ol er.y imt~iir~tns o1 M:inupal or inr~r~sl or sny part ~h~reoF, th~ whol~ tum th~n ?e~nainina '
unpaid with ine~nsf 1ha11 at hold~r's option b~com~ du• and payabl. wi~hoot no~iu. Fail~~e fo exerdu sucfi opKon ahatl not conUitut wai~er oi :u~ ~
•:~M to •x~rcis~ th~ sanH in th~ •venl ef subt~quent dsF~ulf Ahrr mas~rity bot6 principal and ~ccrved inN~~sl ih~lt b~ar inter~sl •f p~r centum
per annum un~il p~id. Th~ mak~n ~nd •ndorsers of ~Fis ~o~e fu~lh~r w+i.s dem..nd, notic• of non-payment •nd e.o~~st. If this nol~ is nol paid at
~ ulurity •nd th• fam~ if plac~d wilfi an att~~n~y for co11~N:on, iha c~_.r.s and •ndors~:s A~reof sgras lo pay all costs of coll~ction, includinp aU covA
. osts snd nssonabb aMorw~y fwf. •
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(SEAI)
HP,ZSTIAiv k~. BEPdTE;.E , as Trustee
Attest: - (SEAL)
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_ lSEAL)
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xnd sl~all duly, promptly and fully pcrforrn, dis~harKe, exrrutr. rft~~~•t. r~imptet~, ~•nmply w~~th and ab~de Dy each ~
and e~'er}• the stiNu:a:ions, agreemenls. condrtiuns and cov. nant~ s:u~i prr:n~s~•~ry note and of ttus moNRage, ~
then this mortRage and the estate hereby created shall cease and be null ana
It is understood that each of the ~a~or~ls. "note." "morl~a~;or" and "mort~a~;ee" respecth•ely and the pron-
ouns refernng thereto, whether in thr s~-Rular or plural anyvchere ~n thts m~rtgage, shall be s~ngular if one only
and shall be plurRl jointly and severally, ~f mure than one, and sh:ill bc m~vculine, fem~mne and or r.euter, Kher-
e~•er the context so implies or admlts.
And said Mortgagor tor him~elf and his heirs, legal representat~~•es, suc•cessore and a9sign~, hereby coven• j
ants ana agrees [o and with said I?tortgagee, his legal represen[atives, surcrssors and assigns: ~
1. To pay all and s~ngular the pnncipat and interest and the vanou9 and sundry sums of money payable by '
virtue of said promissory note, and tfu~ mortgage, each and every, prompUy on the days re9pectively the same {
severally become due.
~ 2. To pay all and a~nRular the taxes, dssescments, leeics. Iiab~Lties, oblt~atinns and incumbran~es of e~•ery
' nature and k~nd now on said described property, and or that herFafter may be impos~d, su[fered, placed, Ic~~~ed
i or assessed thereupon, and- or that hereatter may br 1~•~•,e~ ~r.assrsse~i upon th~s mort~aRe and or the ~ndebted-
ness vPCUred hereGy, each and e~~ery, u•hen due an~i ~~a}•able 8ccordin~ tn law, hr[ore they become delinquent,
~ and b~•iore any interest attaches or any penalty ~v ~ncurrr~i: ami in so [ar as Any ther~of is of record the same
shall be prompUy saUsf~ed and discFargrd of record and the on~inal officiat ~incument !~uch as, for iustance,
:hP tax reccipt er :he satisfa~L•on pa~er offtciatly en~lnry~~d or cert~[ied~ shall be ylaced In the hands of sa~d
~tort~a~ee wzih~n ten days next atter Payment; and in the e~•Pnt that any thereot is not so pa~d, satisfied and
' d~scharRed, sa~d A4ortRa~ee maV at any Ume pay the s:ime or any part thPrent u~ithout wa~~~n~ or affect~ng
; any ophon. Gen, equ~t}• or n~ht unrier or b~• ~~irtuP of th~s m~rt~aRe, an~1 the. ft~ll amount of each an: ~~~°ry
su~h rayment ahall tc ~mm~diat^ly due an~1 ~~a~~ble .~n~i sh:ill bear inter~s; trnm the dnte thereo[ until pa~d
at the rate of ten per cPnturn pzr annum and t~~~eth~~r w•~th such intere9t shall be secured by the lien ot thie
mortgage.
~ 3. To place and cont~nuously kerp on the bu~ld;n~s nr~w or hereafter sttuate on said land fire and windstorm
~ insurance ~n the u~ual .,[andar~l ~~~L~~p f~rm, in a~um nr.t less than S ~XI~~`i . In such com-
~ pany or com;~--:u ; as may be a~~pr~~~•ed by ca;~l ~inrt;;~~~ e: sn ! all vu~h insuran~e p~licies on any of 9Ald bU11A-
inRs, any iniPrest therein or rart thereof, ~n the n{:en~Fate sum atorPSaid or ?n excess thereof, ~hell contx~n the
usual stan~iard mnrt~aQPP rlausP mak~n~ the l~:~s ur.f~~~ 931~ ~oL~':r9. C1rh and e~•ery, payable to said At~rtRa-
~ Ree a~ h~s interes; ma~• appFar, an,i ~ach a::•i F~ P; y s~.,~ tt ~nl:f~' aF11II be pr~m~tly ~ieL~•ered to and held by sa~d
r rl~rt~a~ee: an~i. not less than ten davs in a~i:an~e nf the Px~~rat~nn of Pach poli~y, to deliver to said btortRa~~e
a renP~~•a! ihereof tn~e[her w•ith a rere~~t fnr thP prPmn~m nf an~-h r~n~wal~ end thPre ~hall bc no such insur-
an~~ placed nr, any ~f ~aid buil~lin~s. any ~ntrre-st th~rrin nr ~art iher~ot, unless ~n the form and with the Inse
IX pa~•ah1P as aforesaid: anci in the e~~Pnt any sum of mnnPp br~nmes {~~yabl~ under snch policy or ~olicies sa~d
~ bi~rtRa~ee shal! ha~•e the nPtum [o rPCe~~'P and aPply the samr ~n a~ voun[ ot the indebtednes~ secured hereby or
~ to Prrmit 91,d ~inrt~a~or to rPrei~•P and u~e it or flny (~art thereof .'or other purPoses without thereby wa~ving
or impainn~ an~• equity, lien or n~ht under or by ~~~rtue of tiiis mnrtgaRe; nnd ~n the event said MortgaKor shall
~ for nnv rr1s~~ f~~l t~ {SPPP LT1P ~aid pr•~mw~s sn in=urr~, or [ail to dellver promptly any of ~aid poLciea ot
msurance Co sa~d binrt~r?R~e. or fa~l promptly t~ p.ic [~~Ily any premium therefor, or ~n any re~j?rct tnfl t~ per-
~ form. d~schar~e, exe~ute. Fffect, complete. comply k~th and abide by th~s covenant, or eny part hereof, said Mortg-
aReP may place an~1 pav fnr snch inaurance or any part thPrenf wlthnut w•aivL~~ or affectinq any optinn, li~n.
` equity or r.~ht ~ndcr ~r bt• ~•irtue of this mortRaRe, an~1 thr full amonnt of each and every auch pwymen[ ahaU
~ be immedin:Ply duP e~ri pat~able nnd shall bear intprest from the date therrof until paid at the rate ot ten per
cPntum per annum ar,d toRether with auch tnterest ~hall be eecured Dy Lhe lien ot thle enertga~e.
4. To permlt, c~mmit or ~uf(er no w•aste, ~mpairment or deterforation of snld property or nny part thereot.
~ 6. To pay nll and sinRulnr Lhe cost~, charGea and expenses, includ~ng rea~onable la~+yer's tees and coat ot
abstract~ ot ti[le, fncurred or petd at any tlme by aatd I?lortgagee becaux andior In the event of the fallure
on the part ot the ssid MortRaRor to d~~ly, promptly end tully perform, dlscharRe, e:ecute, etfect, complete.
~ comply w~th and abide by each and evpry the aitpulations, agreementa. condiUons and covenanta ot ~aid promla-
~ eory note, nnd thi~ mortRaRe, any or either, and ~ald costs, charge~ ana expenaes, each and every, ahall be Im-
med~ately due and payeble, wheth~r or not there be notice, demand. ~ttempt to cotlect or sult pending: and the
~ full amount of each and every auch payment ehall bear Intereet [rnm the date thereot unt11 pald at the nte of
ten per centum per annum: and all ~aid cosL, charge~ and ~xpense~ ~u Incurred or peld, to`ether wfth such ia-
t terest, ~hall bs secured Dy the Ilen ot thl~ mortgage.
~ `'y 448 P~~f 9fi7
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