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Home My WebLink About1051 5----~----~' ~ STUART, Flo~ida, ~ 19~ FOR VALUE RKEIVEO the undersi ed joatly.a~~ev all RO ~ O PA~,to~the rder of_~____________________~ I•1 ~ a~i - -n .•~..••-•---~-•..-••-~_=~~=•~DOLLARS, at J~ r such other place as the holder hereof may designate in writing, together with tnterest from date at the rate of per ce tum per annum on the unpaid balance until maturity. The said principal and inte~est shall be due and payable~ i~~8i jj $80. 44 s maotb, tt~ llrai ~ ma~atb i1~an da~, an~d cantiaw i~ eaah manth fi~ara~ft~r o ai $20. 44 ~a+ah mcQtb~. ahs11 ~rat be as~dit~a to in~+st th~ p~i~pa1 a tt~la abliqaaas. ?hia not~ m~y bo pcopaid at a~q tlmo With p~aalty. If d~fauh b~ nwM for ~O - d~ys in 11» WYawnt of any imtal4Mnt of a~W~ ot infwM or ~nY D+r~ N~nof, 1M whol~ w~n tMn r«naininp unpaid with inm~st ~MII af hold~r's optwn b~can~ dw ae~d payabM wilhout eotiu. Failw~ to ~a~rcis~ wd+ option aMll no ti a wsiv~ of 1M riqht ro ac~ tM wm~ in th~ w~nt of subaqcr~nt d~fauN. Affu m~nxiy boM p~incipd and ~arwd inNrMt ~MII bwr int~tt a~ pK antum p~r ~enum un~til paid. Th~ makus ~nd ~ndonas of this na~ iwM~r waiv~ dremd, ootiu of r.a?paym~nt and protat. If thb rat~ is rat p+id ~t maturity ~nd ~M wir a p4ad with an atlonry fo~ edNetion, th~ nrk~n ~nd ~ndonus Mrwf prN b P~Y all eoab of aolbdiay irKludnp all oaxf oosb uid ewonabb ~tlornry fNS. .I ~J -_(5~~~ u _ ------cs~~, . ~ _______cs~n~, and shall duly. promptly and fully pertorm. discharge. execute, effect, complete. comply wlth and abide Dy each and everp the stipulations, agreements, conditions and covenanta of said promissory note and of thi~ mortgage. then this mortgage and the estate hereby created shall cease and be null and void. It is understood that each ot the wonis, "note," "mortgagoY' and "mortgagee" respectively and the proa- ouns referring thereto, whether in the singular or plural anywhere in thls mortgage, shall be singutar if one only and shal! be plural joinUy and severally, if more than one, and shall be masculine, feminine and/or neuter, wher- ever the context so implies or admits. ~ And said Mortgagor tor himself and his heirs, legal representatives, succes9ors and a'signs, henby coven- ant~ ana agrees to and with eaid Mortgagee. his legal representatives, successors and assign~: ; 1. To pay all and singular the principal and intereat and the various and aundrq aums of money psyable by virtue of said promissory note, and this mortgage. each and every. prompUy on the days respectively the sam~ aeverally become due. 2. To pay all and singuler the ts~xes, acsessments. levies, liabilities, obtiga~Sbn~ and incumbrances of every nature and kind now on said described pmperty. and/or that hereatter may be imposed. suffered. placed, levied or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby. each and every, when due and payable according to law. before they become delinquent, and before any interest attaches or any penalty is incurred; and in so far as any thereof ia ot recotd the same ~F shall be promptly satisfied and discha oed of record and ihe original official document (auch as, tor instance. ~ ;he taa receipt or the satisfaction paper officially endorsed or certifiedl ahall be placed in the haads ot said Mortgagee within ten days neat after payment; and in the event that any thereof is not so paid, satisfied and discharged, said Mortgagee may at any time pay the same or any part therec~t without waiving or at[ecting ~ any optibn, lien, equity or right under or by virtue of this mortgage, and the fuil amount of each and every such payment shall be immediately due and payable and shall bear intemst from the date thereof until paid ~ at the rate of ten per centum per annum and together with such interest shall be eecured by Lhe lien of this ; mortgage. 3. To place and continuously keep on the bu;IdinRa now or hereafter aituate on said land Sre and windstorm insurance in the u.4ua1 standard policy form, in a sum not less than t--._..-.-~m~-•.•.-•..-•---•--•----. In such com- pany or comp^nies as may be approved by said Mort~a~ce: and all such insurance policies on any ot said build- ings, any interest therein or part thereof, in the aR~regate aum a[oresaid or in excess thereof, ahall contain the usual standard mortRagee clause making the lo~s ur.der s~id policies, each and every, payable to said Mortga- gee as hie interest may appear, and each and e~•ery such poticy shall be promptly delivered to and held by said 1liortgagee; and, not less than ten days in ad~•ance of the expiration of each policy, to deliver to snid biortgagee a renewal thereof, together with a receipt for the premium of an~h rnnewal• and there ~hall be no such insur- ance placed on any of said buildings, any interest therein or part thereof. unles, in the form and with the Iws ~ payable as aforesaid; and in the e~ent any sum of money becomes payable under such poltcy or policies said ; Mortgagee shall ha~e the option to receive and appty the same on account of the indebtednesa secured hereby or to permit said :4[ortgagor to receive and use it or any pnrt thereoi for other purpoaes without thereby waiving or impairing any equity, lien or riRht under or by vtrtue of thi9 mortgage; and in the event eaid Mortgagor shall for any reaso~ fail to keep the said premises so insured, or fafl to dellver pmmptly any ot said policies of insurance to said atortgagee, or fail prompUy to pay flilly any premium therefor. or in any reapect fail to per- form, dischar~;e, execute, effect, complete, comply with and abide by thia eovenant, or any part hereof. said Mortg- agee may place and pay for such insurance or any part thereot without wafving or atfecting any option, lien, equity or right under or by virtue of thia mortgage, and Lhe full arriount of each and every such psyment shaII be immediately due and payable and ahall bear interest irom the date thereof unttl paid at the rate of ten per centum per annum and together with such interest ahall be aecured by the lien of thf~ mortgage. s To pern?it~ commit or suffer no waate. impairment or deterlonUon ot eaid property or any psrt thereol. ? 6. To pay nll and aingular the cwts, charges and expensee, including reasonable lawyei's feea and cast ot i abatracte ot title, fncurred or paid at any time by asld Mortgagee because and/or tn the event oi the lallurs on the part ot the safd Mortgagor to duly, promptly and hilly pertorm, discharBe. ra[ecute, eifect, complete. comply with and abide by each and every the stipulatione, agreements, conditlons and covenanta of said promis- eory note, and Wa mortgage, any or elther, and eafd costs. charges and espenses, each aad every. shaU be !m- ~ mediately due and payable, whether or not then be notice. demend, sttempt to collect or auit pending• snd ths full amount ot each and every such payment ahall bear interest irom the dste thenof untll patd st the rate o! ten per centum per annum; and all eaid coets. charges aad espense~ so lncurred or patd, together with auch in- ; tereat, s1u11 be secured by ths lien o! this mortgage- _ BOOK ~ 70 PAGE1048 ~ ~ _ - ~ : - . `V~ _ ~ ~ ~ , ~ - _ -