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Home My WebLink About1288 9i.v . ~_.22~ Q..~.D. Stuart, ~'lorida ~~s~---4-z------ t9_69_- FOR VAL~~ECEIVED. 1h~ und~i~n~d. ~oiMh/ and ~vKaliy, PROMISE TO PAY ro th~ ordK of__------___~-M..«...~ t~tTt.T.T~M C. 3C,HM~.DT - - ~.i~ i~-Y~~.~~ ~~Y~iIL! .Y~~R~~+•~ ~~~r~~~~~~~~Nr~r^N~~~~N~~~~~~~MNN_~~~ ~t 66 D~ven~hire C __I~Is1~.York 14,~2.3 ~ _._.or wch othK plac~ as t1N holdK h~~of may dai~/~ M w~itin~ toaMhK with inNnst from _1"1~S.h__2_T.~l.s-52-..__ at fh~ rate of siY pK aetum pK annum on th~ uopald balanc~ until matu~ity. Th~ said prindpal and in1~~ shsll b. dw nd pay,bl. as foliows: in ar~ual instal ments of S27 000.00 each of~ ri ci al ; 1u~nter~st Qn unp~id balances b~q nnin ons y~~r lrom March 1~6~ ~ ~96~ amd sha 1 cvact~i u~ n the ~aiae a o~ ea h year thfr~afti~r until ten ear~ lrom da e at wh~ch m~ the ent r~ pr n~pal balsn~ with interest .~ha11 co~ ~ully an~pa able. Th~ pr~v~l e o! malc~n prin i~ pal pay- m~nts ~ua acc~uea int~ret ereon in advance o~ ths due d~tes w~tttout penalt~ a~ter Januuy 1~ ~970, is retainod by the aaaker. M~/wN M~+i~ fM _3.Q_____ raps i~ tM ~rwiwN of a~r i~stsN~w1 ~f ~ei~dp~l e~ MNntt « a~? ~ Nwnd. ~M wMb srw tiw e~iM ~ w~ w~M i~Ne~M dwll N Iwli~s Mli~w Ncw ~w awd p+rsbb willwvf wNia. fsilw~ te ~x~ wch ~ slwM wM cautihrN waiw~ ef 11» ~.i~ht N anniw N» saw~ iw N~ ~wN ~f srb~t ~fwk. Afh~ ~MwM1? Mtl~ NMdP+~ a~d acc.wr iwri~al ~aM Mw i~N.at at ~ awlrw J4 N~ w~i pi~. TI» ~s a~ ~d~es~es ~f N~is wN~ iw1M~ waiw d~w+~~. wolic~ ef ~rwM1 a~ p~N~t. M tAis ~N k ~N ~ M > awlwif? s~ ~M aaw~ is 'i~e~ wilb fK N» n swi ~w a~r ~ ~f aw1 ~s ,,.d ~.....,w. ,,»~..r a... ~'h'~s not`e no~" ~ ne '~o ~e'~nstrume~ an`~~ ur e ,~suDiect to all the terma, provisiona, co~dit~ons and covenants of a certa~n ~;real estate nartgaqe securinq the payment hereo~ and bearing even date here- ~ with made by the undersiqned '~iYTilliam C. Schmidt. . ts/ Roqer L. Toffolon ~s~ - > STATE DOCIl~.'•~'^'/!.^•Y STr'.•.~3 AT7ACHEt~ RO9et L• Toffolon~ 88 TrilBt@Q TO ORi6: ..it ~ C?.~.: i' Z ~ -------------~SEAL) ~ ~ - - - - (SEAL) - - - - ~ r'~~i-YS.~i'4'~'i-~~i'~'~i'~s~i~~i4g.~S'~ifi~1'~i~~i~'~' . and shall dulY. PromPW~ aud fully perforn4 disclssr8e. execute. elfect. complete:. oomply wltb and sbids by each and every the stjpulatioas, agnements. oonditions and covenants of eaid prorruswry note ~wd of this mortgagq, thm this mortgage and tLe estate hereby crr.ated shaU ceaae aad be nuU aad void. It is uttderstood thst each o! the words, ••note,•• °mortgsgor•• and ••moRBeBes•• nsPectively aad the pran- ouns referring thereto~ whetber in the stngular or plural saywhero in this mortgage. shall ba dngular U one only and ahall be plural joiatly and severally. ii more than one. and shaU be masculine. fe~NNne and/or neuter. whe~ ever the oontext so impliea or a,dmits. Aad said l[ortgagor for bimseli and his heiis. legal repreaentstlves. aucoeaaors and assign~, hereby ooven- ants atw agrees to and with said y[ortgagee. Lis legal representattves. succeseors aad sssigas: L Zb pay all aad singular the principal and interest and the varlous and aumdry suau of moneY Ps3?able by virtue o! said promjssory note, aM tbis mortgage. tach and everY. Pramptly on the dsys reaPsctively the aaa~a severally become due. Z. To pay, ail a~d aingulu the ta~ces. esxssments. levtes. UabiliUes, obUgstions and iacumbranc~ oi everyr ; asture and hind now on said deacribed property. and/or that hereatter may be imposed. s~ffereil. Placed. levicd or asee~aed thenupoa. and/or that hereafter may be leWed or assessed npon thia mortgage and/or We indebted- ~ neas secured hereby. eacb and every. when due and payable according to law. befora they become delfnquent„ and before any interest attaches or any penalty is incurred; and in ao far as any thereot is of record the eame ahall be pmmptiy satisfied and diacharged ot record and the originsl official document (such ss, for instauc~ the taz receipt or the satisfaction paper officiaUy endorsed. or certified) ahaU be placed 1n the hattds oi said Mortgagee within ten days next after payment; and in the event that any thereof is not so paid. sstisfied snd diacharged. said Mortgagee raay at eny time pay the same or anq part thereof without waiving or aftecting any opti~n, lien, equity or rigtit under or by virtue of this mortgage. and the full amount of each and every such payment ahall be immediately due and payable and shall bear interest from the date thereo! until paid at the rate oi ten per centwa per annum and together wilh such intereat shall be eecured by the Hea oi ttds mortgage. S. To plaoe and continuously keep on the buildings now or hereafter situate on said land flrs and wlndatosm . insurance in the ususl standard pollcy form, in a sum not teae than i ..............HQ~~----_......._..__.._....._.. in auch eom- pany or companies as m~y be approved by said Mortgagce; and sU such insurance policies on any oi said build- inga, any interest therein or part thereof. in the a~regate eum atoresaid or in excess thereof. ahall contain the usual ataadard mortgagee clauae making the losa under said policies, each and every. payable to said Mortgar gee aa hia interest may appear. and each and every auch policy ahall be prompUy deUvered to and held by said Mortgagee: and. not less than ten days in advance of the expiration of each policy, to deliver to said Mortgagee s renewal thereof, together with a receipt for the premium at ~~h renewal• snd there sLaU be no such insur- ance placed on any oi eaid buildings, sny intereat therein or part thereof. nnless in the form aad wlth We losr payable as atoreaald; and in the event any sum of money becomes payable under auch poLcy or policies said Hortgagee shall have the optlon to receive and apply the eame on accoont ot the indebtedaess aecured hereby or to permlt said Mortgagor to receive and uae it or any part thereot for other purposes ~vlthout thereby waivlnS or impairing any equity, 11en or right under or bq virtne oi this mortgage: and in the event said Mortgagor ahall for any reason fail to keep the said premises ao tnsured. or fail to deliver prompUy say of said pollcies o! inanranoe to said Mortgagee. or fall prompUy to pay tully any premium therefor. or in any reapect tdl to per- form, diacharge. execute. eftect, complete. comply with and abide by this covenant, or any part hereot. sald ldortg- agee may place and pay for sucb in~urance or any part thereof without waiving or atfectlng any option. lien. equity or rfght under or by virtue of this mortgage. and the tUll aqaount oi each and every such psyment ahall be immediately due and payable and shaU bear intenat tsom the da?te thereoi m?tll Paid at the rate of ten per oentum per aanwn and together with such interest ahal~ be secured br the Hm oi tbfs mortgtsge. 4. To permlt~ oomWt or auffer no waste, impairment or deterlontlon o~ said P~P~Y ~ w P~ b. Zb p~y aD and aingular tbe costs„ chu'Bea and ezpenses. includiag rea~onsWe Lwyer'~ fee~ and co~t ot abatracts ot tltk, lncure+ed or paid at any time bq sald Mortgsgee ba~uise aad/or 1n t1~e went o[ tbs fatlms on ths put o! the ssid l[ortgagor to dulq~ PromPUY ~~Y P~~. ~8e. ~p1eL°? oomply wlW aad abide by each and every tHe stlputaUons. aae~eemeata. condltions and oovenaab oi atid promis- wrp note. end tbia mortgage, any or dther, snd said coets. clur'Bes aM ea~Pen~e=. each aad every. s1~s11 bs i:n- mediately due aad paysble, whetber or not there be notice. demand. attamPt to coUect or sWt pendln8: and th' iWl amount o! each aad every wch payment shsll bear intareat lro~n ths date tbee+sat ~mtA pdd at the nte ot ten psr eeaWm per annum; aad a11 ssM oosb. charges aad esPem~ ~o lncurrsd ~ paid. toaetbsr witb sttch fa- terest, abail bs ~dn+ed b~? tbs lfen oi th1r1 mortgase. -2- ~c~~ ~~~$7 ~ ~s~.~;~,, .r ; , ~ - " y ~N ~w1:Y <.Yirc; ' , " -~S.'r::.-°',~:~ ~r,_ .