The URL can be used to link to this page

Home My WebLink About0007 ~~--10 ~ D0~.00----- ~ STUART, Florida, ~l'~----------------------------- 19_ ZQ FOR VALUE RECEIVED, the undersi ned, 'ointly and severaily, PROMISE TO PAY to the order of_______.___.._. _ Jene~en easah BaII~,---~~_e~_~eac ,.__Fl4~l~a..------------------------------------------------------------------ DOIWRS, ----T~N T~DBAND AND 100------------------------------------------_-_~_ at !Tel~BOO Heach~~lorida ~34~T __________________________________________._or such other piace as the holder hereof may designate in writing, together with interest from date at the rate of ___._Q~e_____ pe~ centum per annuJn on t!~e unpaid balance until maturiry. The said principal and interest shall be due and payable if ~O110R9 S=1~1. $'S = s~onth, the tix~st pay~ent bsin~ due one ~ont6 lroi dats, and continuin~ ~ ~or eaah ~oath thereaiter until psid. This oua o! =1~1.85 paid each aont ~ ehall iiret be creditod to intereet and the reneinder to th~ principal oi k t61s obllQation. Thie note aay be prepaid in whole or in part at any ti~ne ~ ?ithout penalty. This note ~ill be cospletely paid with 180 nonthly pay- ~ ~eats o! =1Z1.3S unlsa~ •ooner prepaid. ~ If dchult b~ mad~ fa 30- d+Ys i~ tM paym~nt of ~nY installmMt of p~incipa{ a inMrKt w any part tMrwf, fhe whole sum •rhen remain~np unpaid wiM interat sh~Il at hold~r's op tion becom~ du~ and parab4 withovt no~ica Failw~ ro~:NCis~ such option sMl1 not c ut~ a waivcr of the rigM ~ ~ ro ~aads~ tM sams in th~ event of subsep-.r~nt deiwlt. Afte~ mawney boM p.inc~p.l and xttued inmyt shall besr interest ~f per esntum pa annum = until psid. Ths mske~s ~nd endorun a! this not~ furthcr wsiw de+nud, notic~ of ran-p~yment a~d protest. If this note is not paid ~t marur~ty and the ~ame is plxed witA ~n ~ttorn~y fw colkction, tM m+ke~s and ~n~an Mrwf apn~ to pay all costs of coll~ction, inclwliny aU cowt cosh snd reuonabN anorney feei. ; /s/ James W= Clements------,------------------ - -(SEA~) - - - ~ 11. Cle~aents : C O P Y - (SEAL) ~ 1_1 ~_artha_~. Clements------------------- -(SEA~) - - : g w?,tifiti1{~+ti+?~}t~v~~.s.+.1~v?-0~ Z~.ti,.~{ ti,.+,.'K+,.+*h+..ti,h?-0Mao and shall duly, promptly and fltlly perform, discharge, execute, effect, completP, comply wtth and abide by each and every the stipulations. agreements, cond~tions and covenants of aaid prom~s~ory note and of thi.s mortgage. then this mortgage and the estate hereby created shall cease and be null and void. It is underetood that each of the worJs. "note," '•mortgagoY' snd "moiPtgagee" respectively and the pron- ouns referring thereto. whether in the aingular or plural anywhere in this mortgage, shell be aingular if one only and shall be plural joinUy and severally, if more than one, and shall be magculine, feminine and/or neuter. wheeL ever ihe context so implies or admits. , And aald Mortgagor for himself and his heirs, legal representatives, auccessors and assigns. hereby coven- ant~ ana agrees to and with eaid Mortgagee. hia legN representatives, successors•and assigns: 1. To pay all and aingular the principal and intereat and the various and aundry sums of money payable by virtue of said prnmis,ory note, and this mortgage. each and every, promptly on Ne days respectively the same ; aeverally become due. - ' t 2. To pay all and ~ingular the t,tuce~, assessments. levies. liabilities, obligations and incumbrances ot ev~ry nature and kind now on said described properly, and/or that hereafter may be Imposed, autfered. placed, levied f or assesaed thereupon. and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- 4 ness secured hereby. each and evera•, when due and payable according to law. before they become delinquent, and before any interest attaches or any penulty i9 incuned; and in so far as any thereof is oi record the same ~ shall be prompUy satisfied and discharged ot record and the ori~;inal otficial document (such as, tor instance. ~ :he tax receipt or the satisfaction paper ofticially endorsed or certifiedl shall be placed 1n the hands of said ~ . Mortgagee within ten days next after payment; and in the event that any thereot is not so paid, satistied and discharged, said Mortgagee may at any time pay the same or any part thereot v~~thout waiving or affecting ~ any optibn, lien, equity or right under or b) a irtue of this mortgage, and the full~ amount of each and every such payment shall be immediately due and payabie and shall bear internst from ihe date thereof until paid at the rate of ten per centurn per annum and together with such interest shall be secured by the lien of thia ` mortgage. ~ 3. To place and continuously keep on the buildinRa now or hereafter aituate on said land fire and wlndstorm iresurance in the u.aual standard policy form, in a sum not less than i-•~ax~~••~-•••-••-••-••-•--•••-••••••-•-• in such com- pany or comp^n:es as may be approved by said Mort~a~ce: and aU such insurance policies on any of said build- ing~, any interest• therein or part thereof, in the a~~regate aum a[oresaid or in excess thereot, shall contain the usual standard mortgagee clause making the lucs ur.der a3id policiea, each and every, payable to said Mortga- ~ gee as his interest may appear, and each and every su~•h policy shall be promptly delivered to and held by said Mortgagee; and, not less than ten days in adti•ance of the expirntion of each policy, to deliver to snid Mortgagee s a renewal thereei, toRether with a receipt for the premium ot RlICt1 cenewal; and there ahall be no such insur- s ance placed on any of said buildings, any interest therein or part thereot, unle~s in the form and with the loss ~ payable as atoresaid; and in the event any sum of money becomea payable under such policy or policies said u Mortgagee shall ha~e the option to receive and apply the same on account of the indebtednes~ secured hereby or ~ to permit said Mortgagor to receive and use 1t or any part thereot for other purpo~es without thereby waiving or impairing any equity. Ilen or right under or by virtue of this mortgage; and in the event said Mortgagor shall tor any reason tail to keep the said premiscs so Insumd, or fail to deliver prompUy any of said policie~ of ? insurance to said MortgaRee, or tail promptly to pay [uUv any premium therefor, or in any respect fail to per- ~ form, discharge, execute, etfect, eomplete, comply w~th and abide by this covenant, or any part hereof, aaid Mortg- ~ agee may place and pay for such insurance or any part thereof without waiving or affectlng any option, lien, equity or right under or by virtue of thia mortgage, and the fuq arpount of each and every euch payment shall be immediately due and payable and shall bear interest irom the date thereot until paid at the rate of ten per w centum per annum and together with auch interest ahall be eecnred by the lien ot t,hle mortgage. i ' 4. To permft, commlt or suffer no waste, impairment or deterioraUon oi said property or any part thereot. ~ b. To pay all and s3ngular the costs, charges and expenp•:a, including ressonable lawyer'a fee~ and coat ot - abstracte ot title, incurred or paid at any time by satd Mortgagee because and/or 1n the event o! the fallure on the part of the said Mortgagor to duly, promptly and tully pertornn. dlecharge~ ezecute, effect. completq, ~ comply wlth and sbtde by each and every tbe sttpulations, agreemente, condltlona snd covenanta of eaid promis- eory note. and thi~ mortgage. any or elther, and said costs. charges and eapenses, each and every, ahall be im- medlately due and payable. whether or not there be notice, demand. attempt to colkct or sult pending• and the ~ ftill amount of each and every auch payment ahnll bear interest from the date thereof unW pafd at the rate ot ~ ten per centum per annum; and all eafd costs, charges and eacpenses so lncurred or pald, together wlth such in- ~ tereat, shall be eecurcd by ths llen of this mortgage. . ~ ~ " ~ > ~ooK 184 PACE - 7 ~f _ ~ ~