HomeMy WebLinkAbout0968 ~rYiU~P~ ~l~t~}~$. Ehat if 4aid J~'ort~a~or Shc~ll pr~/ ultt0 th8 Rail~ .Mort~a~e~i i
~e Qer1~s note, of tuh.ich l.lie followan~ an ~amd~s a~ui ~~r~i ~ a irrie cop~, ;
to ua~i:
= 112,OQ0.00 Ft. Pieroe . F~~,
t~iatne~ttber ,t s~ , i 9 g6
FOR VALUE RECEIVED~ the undenig~ed, (jointly and severaUy, iI more than one) promiie~ to pay to
RHEIlJIAIVDEP. INST'RUMEI~lT C7~RP. OF FLORII]A
. w order, in the maener hereiaafter tpeci~ed.
the p~iacipal ium ot (x~ HUNI)RF.~ 'lS~1II,UE TEq[1SJ1[~ID ~II3 INC}"---°• 1100 DOLI.ARS
(i' 112 ~ D00. 00 w~~ 1Qtenn irom d~?te at the nte ot lO. 75 P~r cent. ~er aar:um oa the bslance tran time to time remaiaina unpald.
Tbe said principal and intere~t ~hall be payabb in lawful nwney ot the United States of Ameriu ~t 2601 Industrial Ave. ~3
F't. Pieroe, FL 33950 or at ~uch place as may hercalter be dc~i~natsd by written nodre trom ihe hoi~er io th~ r~a~er htrcef, on
the date and in the manc?er tolbwing:
Ztu.s nate is payable in seni-annual installments of $7, 600. ].3 oam~encinq six m4nths fram
~ date and seni-anr~aily thereafter for nine (9) seni-anr~uat installments. On the t~exith
(lOth) instal.lment fram date hereof, the entire princi p
a l balanoe plus a
a,
u r~ u l a
t
e d
interest, if any, shall be due and payable in ful.l . Said instal]ment inclucies interest
at 10.758 t~er annun on the tmpa.id principal balanc~e. Each s~~ch installn~nt first ~h.a~l
n~v~ne.nt of the interest and then on the unp~aid bal.anoe of the princioal sum.
Thi.s note may be pY~paid iri whole or in p~rt at any time without penalty.
THIS IS A BAIdAON M~I~PG~C~ S~LURING A V~BS~ RATE OBT.IGATION. ASS'[I~lII3G 'I3EAT TE~ L'~TI'I'IAL :
RATE OF IN~T t~ Tp APPLY FC~t Z4iE F~I~ ~~I OF Z4~ MaR~, Zi~ FIA1~L PAYMt~Nr OR ;
T~ BAi~ Dt)E I7P~dN M~ZSJFtITY WC7ULD BE APPImXBgiTELY ~~y, ~ i4. r~~, °iv~,-~ .,-~+j?~„
II~T~ESP~ IF I~NY~ ]1I~ID ALI. S~ BY '141E NI~F~i~C~ [~3t TF~ 'I~ ~ TIiJS ;i
MJKPGAGE. Z4~ ACIZJAL BALd1NC~ Dt7E LTPON NQ~IRITY I~Y ~'ARY DFd'kZVDING dN Q~ANC~.S 7N TE~ RATE
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1`hii note with interest u secured bY a mortgage on real estste, of even dste herewith, mide by thc maker hereof in tavor of the ~aid
payeq and ahall be rncutrued and ea[orced acrnrding to the 1aw~ of the Stste of Fbrida.
It default be t~?ade in the psyment o( any of the tums or interat mentioaed benin or in ~id mottsaae~ ot in the ptrfotmance of
any of t6e agreemeau oontained hcreia or in uid awrtaage, c6en the eatire priac~pal sum and accrued intemt i6aU at the option o[ the
holder hereo[ become :t once due aad calkctibk witbout rwtice, time beia~ of the esreace; aod ~aid priACl~fI fLitA aad accrued interest
•}?:il both bear intere~t irom such tune untii paid at the hi~6at r~te albwabk uadu the tsw~ oi the Stste o[ Fbrida. Failure to execciu
this optioa ~hall aot couititute a waiver oE the right w exetcae the tame in the event of any :ubequent defaul~
Sach pcrwn liible hereon whether maker or endoner. hercbp waiva praeetment, psotett, notice nodce oi protat and notice oE dir
; lwnor and aaree~ to pa~r all can~ includina ~ reasonabk attoraey'~ ks whether tuit be brought or not, i~, aftet autunty o! thu note or default
' Lereuader, or nnder aud mortg~e, oouosel thall be empbyed to ool~xt tl+u Aote or w protect the iecurity oi uid mortsase.
I Wbenever used 6erein the term~ "hoidcr", 'Sm~ker" snd "payed' rhaU be coiut:utd in the tingulu or plursl u the context ma~
e~equire or admi~. i-~~~..
naa~,. ..'~..F~-.....~.....f.~,e~~,......._.... .ts~u.~
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a~d ahcill perforin, comply zai~lc cLnd acbide by each acnd errer~ the stipulations, a~i~es-
~ naent,~, co~'tions araed covenants of said ~romissory note and of this deed, t~e~en thta
; deed and th.~ estate hereby creccted sttall cease a.nd be nrcll cLnd void.
i .
~ .t~tt~ tlu sa~d .JKort~a~or hereby eovenants and a,~nees:
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~ .7. To pacy alt anc~ sin~su7,acr the principa,l rand interest and other Sum.s of money
; payable hy virtue of sacid prorrzissor~ note anc~ t,iiis deed, or either, prorrtptly on the
days respectivel~ the sdme severall~j co~ne due.
To pa~ all dnd $ingular the ta.x.e~, asaessments, levies, liabilities, oblagcationa
acnd en~umbrances of every natrcre on said descriLed propert~ each dnd ev'sry, and if
the 8ante be not prorn.ptty paid the said .hlort~c~gee may rct ctny time pa~y th.e saeme .
urithout wa,ivin,g or cxf~'ectin~' the option to foreclose or any ri~ht herercnder, dnd every
~rtym,ent so mu~ade 8hall bear interest from the date t,~iereof ctt the rate of per
_ cent. per annu~rt.
J. To pacy acZl and sin,~ular the co8t,s, charges and expenses, inctudin~ lawyer's
fee~, rea,aona,bl~ ineurred or ptxid att acny time bysccid rKor~~a~ee becacuse of the failure
on the part of tjie said JElort~s'~~or to perform, carrapl~ with and abide b~ each dnd
avery the 8tipulat-i,one, conditions and coven.ants of said protnisaory note and this deed,
or either, a.~td every 8u.ch pa.~m,ent shall bear intere8t fro~L ddte at tlce rdte of
per cent. per annum.
thacn ~o keep the build•in~s now or hereafter on sa,id land insured in cx sum no~ lesa
hi est insur,able dollars, in d compciny or cvrnpcanies ta be ;
dpproved ~y Baid .,~fort,~c~,gee, and the poticy or policie8 held by and payable to 8aid
.1~ort~a~gee, and irz the event ctny ~rum of money b~ecom,ea pabcable under such poli,ey or
policies, the .hfort~ac,~ee 8lutll have tl~e option tp receive and dppl~ the xame on account
of the indebtednee~t hereby Becured or to permit the .~fort~ct~ar to receive c~nd u.,4e it, or
any part thereof, for oth~er purpoRea, withou.t thereb~/ wctir~in$ or imp~irin~ c~n~ equaty
lien or ri~h.t under or by virtcc~ of' th~a mort,~'a~e, and ntcey p~'ace -arrd pa,~ for auch
insurance ar aaty p+art thereof, .~vi#laout waivtn~ or af,i`'ect~. tha a~~i.on to roreclos~ or
any ri~ht hereunaer, and eueh and every stcch payment s~ becar:i~iter,est fro»z c~a,te
at the r~ate of per c.ent. per a,~snutn.: ~Q ~ 2~~~~ 2.-
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