HomeMy WebLinkAbout0944 . ~
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i~:~=i4:~:~ STUART. Flosid~. ..~~1..........~.6............. iaQB.....
's:~ FOR VALVE RECEIV ~~n
QvQig 1 a d s~ JrallY. PROMISE TO PAY io i~s ord~s oi '
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~ID.~. NO?~.10~. . . . . . .
_ . . . DOI.LI~AB
at . . . . ......os ~ueh oth~r plae~ as !M hold~:
ffi~ ~eme~n . ...~~4-~-~~?..... . . .
h~rtoi maY d~siQuat~ !n Mrritin~. lo~th~r NIW ~~lK~ ~tORI dd~ ~t !!u r~t~ ~w~. p~s cvatum p~s annum on 3M unpaid
balaac~ uniil matusltp. Th~ said psiAdpal and int~r~st shall b~ dus and piYabl~ ~ i~~~
~11~ 55 i mant~y~ ~r !lr~t pi4ymi~bs~nq du~ oa m~ocath lrom~ da~, aod cao~ar tor ~+ch
~inoo~h ma~l ps~d. '17d~ sr~m ;il~ 6fi paid e~ch maaRh sh~?~1 liset b~ cr~d ~o
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and ~ ~~s pe~oeip4l a[ fbis 11ds ~ m~ b~ pa~pai~id
~t aa~ lEme wit~oe~ p~aat~.
!f d~lault b~ ~d~ (el~~/.... . da7~ in t6~ p~~tet ol aef installment of PriaciPal or int~r~:t er ~+y part tier~et tY~ ~rhoM sra tSN r~~i~lai
: u~Wd ~itb iater~~t sh~ll ~t \older's ooWe becow~ dw ..d wr•bw wittiout ~stice. Failuh te e=~rc[se sneh o~~iew ~6~11 ~not eautl y ~ ef tM
: rii6t b e:ercis~ l~e sae+~ Is ts~ ev~wt of subsequawt detault. After m~turitr Sotb V~~W~ a~d ~~t~nst ~?all bear iutee~st ai~~~ eWtua
9 oe? aneu~ uatil Paid TA~ saker~ ana e~d~rsen e[ tAis aet~ (urt6er waive demand. aotita of aoa•oal~meet and ~otqt If tsb i et ~{a at
: at~vitr aai tM sa~ is Placed ~rit\ aw attorn~r tor colkeNay th~ rade~rs •ad endors~r~ b~reol ~?ee to Oa> ~11 cesta e( esU~etiN. MelYJiwi W eouet
ewt~ ~sd reaws~W attera~r t~es. ~~N ~~~~~N
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and ahall duly. pmmptly and tully perform. diacharge. execute, effect, rnmplet4+. comply with and abide by each
and ever~r the stipulations. agreementa, coaditione and covenants of said proirussory note snd ot thjs morigage.
then this nnortgage and the estate hereby created shall cease and be null and void. '
It is understood that each of the worde. "note." "mortgagor'• and "mortgagee" respectlvely and the pron-
ouna referring thereto. whether in the singular or plural anywhere in thie mortgage. ahall be siagular if one only
usd ahall be plural jointly and sevetally, it more than one, end ahall be masculine. teminine andlor neuter. wher-
ever the context so implies or admits.
And asid Mortgagor for himeeli and his heirs, legsl representativea„ auccessore and assigns, hereby coven-
ants ana agree~ to and with said Mortgagee. his legal repreaentatives. successors and as9ign~: t
1. To pay all aad aingular the principal and interest and the various and sundry sums oi money paysble D~
vtrtue of said promiasory aote, and this mortgage. eacb and every. pmmpUy on the daya respsctively the aam~
~ eeverally beiwme due.
I 2. To pay all aad sinBuIar the taxea, aasessments. levies, ltabilities. oDllgatlons and incumbrances of every
nature and kind now on said described property. and/or thst hereatter may be imposed, suffeted. placed, levied
or assesaed thereupon, and/or that hereafter rr~y be levied or assessed upon this r.~ortgage and/or the indebted-
ness secured hereby. each and every, when due and payable acrnrdfng to lsw. before they become delinquent,
and before aay interest attaches or any penalty is incurred; and in so far se any thereot is oi ceoord the saal~
ehall be promptly satisfied and discharged of record and the original official docwnent (auch as, for instauce.
ihe tax receipt or the saUataction paper officially endoreed or certified> shall be placed fn the hands of said
Mortgagee within ten days neact aiter payment; and in the event that any Lhereof is not so patd. satiered si?d
discharged, said Mortgagee may at any time pay the same or any part thereof without waiving or affecting
any optiOn, llen, equity or right under or by virtue of this mortgage. and the full amount of each and every
auch payment ahall be immediately due and payable and shall bear interest from the date thereof until patd
at the rate of ten per centum per annum and together with such interest 9ha11 be secured by the lien of UW
mortgage.
S. To place and continuously keep on the buildinga now or hereafter situate on ssid land fire and windstorm
inaurance in the usual standard policy form, in a sum not less than i--~.~~_~..~4-----•--•----°° 1n auch com- i
pany or comp^nies as may be approved by said Mortgagce; and all such insurance pollcies on any oi said bnild-
inga any interest therein or part thereof, in the aRgregate anm aforesaid or in excess thereot, ahall contain the
usual standard mortgagee clause making the loss ur.der sr~id polictea, each and every. payaDle to aaid Mortga-
gee as his interest may appear. and each and every surh policy ahall be promptly delivered to and held by aaid j
- Mortgagee• and, not less than ten days in advance of the expiration ot each policy. to deliver to aaid Mortgagee ~
a renewal ~thereof, together with a receipt for the premium ot auoh rnnewal• and there shall be no such inaur-
ance placed on any of said building~, any intereat therein or part thereof. unleas in the torm sad a?1th the loss
- payable as atoresaid; and in the e~ent any aum of money becomes payable under such policy or policiea said
Mortgagee shall have the option to receive and appty the same on account o! the indebtedneas secured hereby or
to permit said Mortgagor to receive and use it or any part thereot for other purposes without thenbq waivfag
or impairing any equity, lien or right under or by virtue ot thls mortgage: and in the event ssid Mortgagor shall
for any reason tail to keep the sald premises so insured, or fail to dellver prompUy any ot said policies o!
- insurance to said Mortgagee. or fa[l prompUy to pay fully any premium therefor, or in any respect fafl to per-
form, diacharge. execute, etfect, complete, comply with and abide by thls covenant, or any part hereoi. said Mortg-
agee may place and pay for such insurance or any part thereof withont walving or aifectlng any option, lien. ,
equity or right under or by virtue of thje moMgage, and the full aqiount of each and every such payment ahall
be immediately due and payable and ahaU bear interest trom the date thereof untq patd at the rate of ten per
centum per annum and together with auch interest shal~ be ~ecured by the lien ot tl~is mortgsSe. ~
't
4. To permlt, commit or auffer no waete. lmpairmeat or deterloraUon oi satd propsrty or u?y part thereol. i
6. To pay all and afngnlar the cQata. chargea and ezpenses, including nasonable lswye~~ fees snd co~t ot
abatracts o! title, incurred or patd at any tlme by asid Mortgagee because and/or in the ~vent of t2~e fWur~
on the part oi the said Mortgagor to dulY. PmmpUy aad NUy perform. dlscha~'Be. e~[ecute, eifeM, complets. ,
oomply wlth aad abide by tach and every the atipulations, agr~ements, conditions and covenai?ti of aaid proral~- f
wsy note. aad thls mortgag~ any or elther. and sald costs. chargea aad e:pens~a, each aad every. ~hall bs Um-
mediately due aad paysble, wt~ether or not tbera be notice, demand, attempt to collect or snlt pending: aad the
full amount ot each and every such payment ahall bear interest from t2~s dats tDereoi tu?W Pa~d at We rste ot ±
tea per centum per anaum: and all ~atd ooste. chargea aad ezPea~e~ w incurnd or paidr to~ether arith such fn- }
tere~t~ ~hall bs aecured by tne Uea ot t,Ws mortgsgs. ~
600K ~ 7~ PACE 943
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