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HomeMy WebLinkAbout2871 . ~ s 8~~'~ STUART, Florida, 19 ~ • FOR YAt E~,~ ~ers~~~nt~~jv~~~AISE TO PAY b the order of ~ ~ DOIIARS, at ~ • or auch other plaos e: ths holder heroof may designate in writing, to~ethsr with interest from dats at the rata of ~ pe~a~ t r nnum on the unpaid bslanas until maturliy. The said prindpsi and interest :hali bs dus a~d payable M sOY~~~ ~.Oi a~t1~ t~ !li'rt t b~~~ ~w eN ~t1n lto~ dst~~ ~M Oe~l1~ :o~r .o.tr t~.r?sit.,r ~ii'~a. s~s. .~r •t a ~aia ...a ...tr •Wll lisrt 1~ osNit~O t~o ~st~s~rt ~d tM r~lMu~ te t~ i i o! tdi~ abliptio~. ?1~Lr Nt~ b~ ~~aid a! at~ ~i~ ~rit~oa~ia~t~. N drfwb b e~ tor ~ d~y~ M tM p~y~t of ~ny Mda9~s~nf of prte~1~1 a MN~t w rw W~? Nwwf, whoM w~e flnn .~ininp unpaid wilh Mhn~t ~MII a Aoldv'~ acaM dw and qyab4 wiMw~~t nak~. fiihin b~x~rciw wd~ opHon ~hrM nof o~uN a wdvrr of f!w ?loht ro ucwci» M» s~ M IM wMM of i~ t d~fwN. Ahw nrfurHy both O~incip~l and aoawd h~tn~st ~hdi bw tnhrwt ~t PK antwe p~r anNr~ until iM sJcMS and ~ndwae's d M?b iwM furMw waM drn~od ~wfio~ o/ ~qy~Mnt Md PrW~wt If ~ no» 4 ew1 p~id N euturity ~nd tIN s~nr b pl whh M ~tlo~y tor odi~o~, Nw ~krs ~nd w~dorws h~wf pr~ to pay ~II oo~b of ao~ia~, k~d~q ~II oouA aoqs ~nd n~o~bl~ ~t~w~y f~, ~ s/ orote Hsllenst~in C O P Y • ----(SEA~) ~/Thsresa l[. Hullenstein . «U aad shall duly, promptly aad fully pertorm, diacharge, execute. effect, completp, comply wIW and sbi~ by each and every the stipulatiwrs. agreementa, conditions and covenanta of said promtssory note and oi tl~is mortgage~ ; then this mortgage and the estate hereby created shall cease and be nnll and void. It is underetood that each oi the worde. "note." "mortgagor'• and "mortgagee° respectively and the pron- oune referring thereto. whether in the singular or plural aaywhere in tbis mortgage. ahall be aingular if oae only and ahali be plural jointty and eeveratly. if more than one. and shall be mascullne. feminine and/or neuier~ wher. ever the context so implies or a~mits. And aaid Mortgagor for himeeli and his heirs, legal representatlves. succa.geors aad a~aigna, h~reby coven- snts saa agree~ to and with asid Mortgagee, hia legal reptraentatives. succeasore atid asaigns: 1. To pay all and eingvlar the principal ead interest and the varioua aad sundry aums oi money psqable by virtue of aaid promIaaory note, aad tLis mortgage~ each and every. Promptly on the dsya reapoctively tbe same aeverally become due, 2. To pay a!1 and aingular ihe taxea. assessanents~ leviea, liabilities„ obligaUons and inenrabrances oi every nature and kind aow on said described property~ and/or that hereafter may be ia?po~ed, autfered. Placed~ levied or asseaeed thereupon, and/or Usat hereafter may be levied or assessed upon this mortgage and/or the indebted- ness secured henby. each and every~ when due and payable according to law, before they beoome delinquent, and before any interest attaches or any penaity is incnaed; aad fn so far aa any thereoi is of reoord the same ahall be prompUy satisfied and discharged of record and the original ofrcial document (euch as, for instaace, the tax receipt oL~.he satiafaction paper officially endorsed or certified) ahall be ptaced in We handa o! said Mortgegee wiihin ten day's nezt after payment; and in the event that any thereoi is not so paid. eatisfied and ~ discharged, said Mortgagee raay at any time pay the same or anq part thereoi without waiving or atlecting any optioq llen, equity or right under or by viriue ot this mortgage. and the full amount of each aad every such payment shall be immediately due and payable and shall bear interest from the date thereo! until paid at the rate oi ten per centum per annum and together with such interest shall be aecurod bir the lien o! this i mortgage. i S. To place and continuously keep on the buildinga now or hereafter situate on satd land Sre ewd windstorm ' insurance in the usual standard policy form, in a sum not less than ~.._.._..__._~~X~L__lpl..... in euch com- ; panq or companies as may be approved by said Mortgagee; and all such insurance policiea on anq oi eaid Duild- ings. anq iatereat therein or part thereof. in the aggregate swn atoresaid or in excess thereof. ahall contain the nsual stsudard mortgagee clause making the loas under esid policies, each and every, payable to said Mortga. ~ 8ee as his intereat may appear~ and each and every such golicy shall be promptly delivered to and held Ly said Mortgagee; and, not less than ten days in advance of the expiraUon ot each policX, to deUver to aaid Mortgagea a renewal thereof, together with a receipt for the premium of such renewal; and there ahaJl be no such insur- ' ance placed on any of said buildinga, any intereat therein or part thereof. unless in the form and with the Ioss ~ payebJe as atoresaid; and in ihe event sny sum of money becomea payable under such pollcq or poHcies said Mortgagee shall have the opUon to receive and apply the same on account oi the indebtedness" aecured hereby or to permit aaid Mortgagor to receive and use it or any part thereo! tor other purpoaea wiWout thenby waiving or impairing any eguity, llen or right under or by virtue of thia mortgage: and in the event aaid Mortgagor ahall for anq reason fail to keep the said premises so insured, or fail to deliver promptiy any of aaid policfiea a! inanrance to said Mortgagee, or fail pmmgUq to pay fully any premi~un therefor, or in any reapect lail to per- ~ form, dischdrge, execute, effect, complete. comply with and abide by this covenan~ or any part hereoi. said Mortg- ~ agee may place and pay for such inaurance or aay patt thereof withoui waiving or affacting anq option, lien, equity or rlght under or by virtue oi thia mortgage, and the t1~U aqsount of each and every such payment ahall be lmmediately due and payable and ahall bear interest fmm the date thereo! until paid at the rate ot ten per centum per annvm and together wlth auch interest shall be eecund by the lien oi this mortgage. To perrd~. commit or auHer no waste~ impairment or detesloraUon oi said property or aay pust thereot. 6. To pey all aad atnguLr the cuots, charges awd eapenses, including reaaonable lawyer's fees and coet oi abatracte o! Utle. incurred or paid at aay time bq eaid M~rtgagee because and/or ia the event oi tt?e failurs on the part of the satd Mortgagor to duly~ promptiq and fWly per[orm, dlschargG ezecut~ eftect, complete, comply w1Lh aad ablde by eac.L and every the atipulaUon~. agreementa, conditions aad oovenaab o! ssid promis- eory note, and this mortgage. any or either. and aaid co9ca. charges aad expeasea. each a~ every. ~hW be int- ~ med~ tely due and psyable, whetber or not there be notice. demand. attempt to oollect or sutt pending; and ths fUll e:nount oi each and every such payment shall bear interest trom tLs dats thsteo! until patd at the rate oi ten pcr centum per anawn; aad aIl ~afd oosts. charBes aad eiPeose~ ~o incurned or gaiq~ togetber a?1!h such 1n- , tere~t, abW bs iecured by tbe liea o! this mortgaga e~K17S ~~~~8b8 ~ ~~r~~~,~;~ . - ~ ~ ~ ~