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Home My WebLink About0613 . ~ ~ ' ~Dl'~~~ ~~P ; Ft. Pierce Florida ° ~ 40,000.00 ~ 1~,~ -s'~ , 1~~ FOA VALUg RECEIVED the underaigned, ~ointly and aeveralU?. promise(s) to psy to i COUNTY BANK, a Florida banking corporation, j or order. in lawful money oi the United States oi America~ the principal sum or Fortv Thousand ~ and No/100------------------------------------~ou.n c~ 4~ 000.00 ~ with interest at the rate oi seven & three-fourthS p~ rent ~ 7-3 X,~ per annum on the principal sum remaining unpaid irom month to month until paid. Said principal and interest ahall be psy- able ac Ft. Pierce, Florida, or at such other place as may be designated by the holder hereoi, in montl~ly installments of Three Hundred Fiftv-three and 38/~00 mll~ ~~353.38 ; able respectively on the first day oi Februar~t, 19.~, and on the aame ~ day in each succeedin6 month until said principal and interest are paid in full. Said p~ymen4 ahall be ~rst ~ applied inpaym ent oi interesL snd the balance thenoi npon and ia reduction oi principal. The privile~e is ~ reaerved~b~r the maker(a) oi this note to pay aqy additional amount in reduction oi principal. or to pay t6e debt in iull. on any regularpsym ent date, without prior notice and without penalty. Ii. at the option oi the holder hereoi. this note is collected by a bank or aervicing agent, the maicer(a) of this note will pay W such bank or aervicing agent ita reasonable rnUection charges. not to exceed one dollar (=1) for each inatallment collected. If default be made in the payment oi any installraent under this note, and such default is not made good within 10 daya aiter such detaul~ the entire principal and accrued intereat ahall besr interest at eight per centper annum L'om the date oi efault until paid and ahall at once become due and psyable without noUce at the o~tion oi the holder of this note. Failure to euerriae this option shaU not constitute a waiver ot the right.to ezercLSe the same in the event oi any subsequent default In the event oi any deisult in the payment oi this note. and if the same is collected by an attorney at law. the undersigned hereby agree(a) topay all costs oi collection, including a reasonable attorney'a fee whether collection ia made by suit or otherwiae. Thia o is by a mo e oi even with. tment, ro ice a b waiv ~n~eres'~~accrue~~ereon w~~~'~e a~anua~'y . ~l~s~ims ue ereon shall become i~ediately ~due and payable at the option of the ho~der hereof if this note has not been purchase~ by ~e Independent Li e and Accident Insurance Company be December 1, 1 9. /s/ Mvrtle E. Crooks (SEAI.l .harle4 W_ Crooks ~S~,~ ~t NONE state Docomen stamps 't~~a t° °r~ not~ '°d '~u`~i'~~ / s/ Leah J. Crooks csa~.~ and ahall dulY. Promptly and fullY P~~. ~~8e, eaecute, efiect, oomplete. comply with and abide by each and every the stipulatwns. agreements. conditions and covenants oi said promissory note and oi this mort- gage, then this mortgage and the estate hereby cr~ted shall ceaae and be null and void. It is underatood that each of the words. note, mortgagor and mortgagee respectively, whether in the singular or plural anywhere in this mortgage, shall be singular ii one only and shall be plural joint~y and severall~r ii more than one, and that the word their as used anywhere in this mortgage ahall be taken to mean h~s, her or ita, wherever the conteat ~o impliea or admita. Md aaid Mortgagors. for themaelves and their heira, legal repreaentatives. succeason and aaaigna. hereby ~ iointly and aeverally rnveaant and agree to and with said MortBaBees, their legal representatives. s~cxesson and assigna: E 1. To pay all and singular the principal and interest and the various and sundry sums oi money p~?able F bq virtue of said promissory note and this mortgage, each and every, proanptly on the days respectively the E same severally become due. At the option oi the Mortgagees. without affectu~g the other rights aad remedies available to the Mortgagees, the Mortgagors will pay a'9ate charge" aot b ezceed tour centa (4~) ior each ~ dollar (~1) oi each ps~?ment more than ten (10) days in arreara, to cover the e~ctra ezpense involved in hsnd- iing delinquentpaym ents. ~ Z. To pap all and singular the tases, asses~nents. leviea„ liabilities, obligations and incumbrances oi ev ~ nature and kuid now on said described property . and/or that hereaiter be imp~, suffered,~ place~ levied or assessed thereupoq and/or that h aiter m~? be levied or aase~edupo n t~is mor~ e and/or the indebtedneas aecnred hereby~ each and every, when due and pa~yable. betore they become dnacorduent, and before any interest attaches or aqy penalty is incarred; and m ao iar as thereo! is o! the same shall be promptly satiafied and discharged of record and the original ofiicial~ocumeat (such as. ior instanc~ the tas receipt or the aatisfaction paper otficially endorsed or certified) shall be placed in the hands o! the Mortgagees within ten da~s nezt after paymen~ 3 To place and cont~nuously keep on the buildiags now or hereaiter situate on said land tise insur- ~ ance in the usual standard policy iora~, in a sum equal to the full insurable value oi all such buildin~s~ or in a sum not leas than the total oi the in~ebtedneas secured by this mortyage plus ell i~ebtednds secnred ; bY Prior liens ar encumbrancea on the mortBaB~ P~~Y, in such oo~mpa~? or ownpanies asa~ay be appmved ; bj the Mortgagees; and to keep the improvements now e~cistin6 or hereaiter erected an tht mortgaged propert~ and the equipment and personalty covered b7 this mort8ag~ insured as may be required iroa? time ~ to tirne ~y the Mortgagees against loas by windstorm, war damage and other haurds. caaualties and oon- tingencia in such amount and for such periods as maY be required by the ldortgagees; and all such inaur- sace policiea on any oi said build~ngs, ar?Y interest therein or part therto~ in the aggre~ate sum aforesaid or in excess thereoi. shall contain t7?e usual standard mortgagee clawe aiakin~ the loas under said policies. ; ay each and every~ pay able to the Mortg ees as their interest maY appear, d each and every such poliry ~ ahall be promptly delivered to and hel~ by tbe MortgaQees. and, not less tban ten da~?s in advsnce oi the ~ espiration oi each polx' y, to deliver to the ~dortgagees a reneaval thereo~ together with a receipt for the premium oi s~uh renewal; and tbere shall be no insurance placed on aqy oi said buildings. a~Y interest thereln or part thereoi, uniess in fhe form and with the loss payable as aforesaid• and ia the event any sum oi money becomes payable under such policy or policies the Mortgagees shafl have the option to receive and ~ apply U?e same on account of the indebtedness secured hereby or to permit the Mortgagon to receive and use it or aqy part thereoi for other purpo~e.: without thereby waiving or impsiring any equiq?. lien or right ~ under or by v3rtue of this mortga~e; and in the event the Mortga~ors shall for any reason fail to keep o ei~ pnmiaa ao insured, or fail to deliver promptly any? ot su'd policies oi insurance to the Mortgagees. ~ pro~nptl~ to pa~ fully aqy premium therelor. or in aqy respect isil to perforn?, diacharge. execute. ~ eHect, romplet e~, comply with and abide by this rovenan~. or P~ bercoi. the Mo~'~8~8~ ~aY Plare andpay for such insurance or aqy part thereof. ~ ~ 4. Tope t, commit or suffer no wraste, impairment or deterioration oi said proper or any part thereof. i S. If the Mortgagors fail to pay aq~ mort~age. claiin. lien o~ encumbrance which u prior to this mort- ' ~ gsge, or any tazt asse~nenk or insuram premium as mentioned herein, wrhen due, or fail to keep the premi~es in repur, or ahall commit or permit ~vaste, then the Mort~aaeea. at their option. may make such paymenk wit1~ r~!?t oi subrogation thereunder. or may make suchrepau~s and take such steps as they deem advisaDle to prevent or cure sucL waste. All psyments made by the Mortgagees under this paragnph shall r be immediately due and payable by the Mortgagon to the Mort~a~ees and st~all bear interest irnm the date thercof until paid at the rate of eight per cent (8%) per anmun. and to~ether with auch Interest a6a11 be se- cured by We lien ot this mortgage- ~ Roasia. woacws a aw~MS~ar ~ JACKiOMVIIL[. F1O1110A ~.LC". : _ . "_~k ~_e~. _ s~'~~_w. `L,~~ --r~s~'~'." r i• n