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Home My WebLink About2157 ~ ~ i ~ , s~-~5y,000•.~0•-•--• sTVanr. ~to~a.. ...._..Ma ....16 ia~~..... FOR VALUE AECEIVED. t6~ und~rsiQn~d. ioiauY snd s~~~ra11T. PROMISE TO PlIY !o !h~ ord~r oi.....•••--•-•••-• . FI.RST...NATI~NAL...B~1NiC...OF..STUART-?-..a...Aa•t3,oA~L...ba~k~~g._aeso~:a~~~~.r --------------------------.tn~:a_-.,m*.~,sa.,*w..u.n....awu..,... DOLLAR$. . . .~--FIYE---1'H4USAAlp•-,AN~••-0A •~-40• at ....S~L1IIrt~....F~f.C~l ..............................................•••--........................_.._.._..._....-•---•-••-._........_..--•-•....o: sueb oi~r plac~ as th~ hold~r hsreot maT d~siQnat~ ia wsitia~. lo~~lh~r with int~ras! irom dste at tb~ ral~ of....$...ll..~er centum per annum on 1h~ uapaid balano~ until matu:itT. ?h~ saW priadpal md ie~i~r~s! shaU b~ due sad pa~able as tollo~rs: IA t~lll OA Ol' before six (6) months after date. tt a.~.~te r. o.e. t« _..30---... a.n i. t`. n•r~e~ ot a~~ ta~tall~sat of Vriscip~l or iatenst x a~r oa?t tlereot. ti~ ~hole sum tlew remdsin~ unPaY ritr ioterest sWl at helMeh ootiaa 6ecom~ ao. ..a wr+w. ~+eewe ¦otk.. Fdlure to ~w'cis~ ~uci eptioe ~6~11 net conatltute a wd~ et t6~ ri~A! te ue~ia~ t,~~~aa~e ia tM ~~tit of susseque~t dcfault A(t~r satorit~ bet? Priscipd a~d accrued iwterest s6aU bear interest at .............Ocr centuw yer aea~,u~t~ pW. '1'b~ maktn awd esdersers ef t6is aote (urther vd~e d~mand. aotke ot noo-Pa7st~t aea protc~ti If t6is note ts aot oai~ at maturitr~ U~~+d vith ~n ~ttor~e> tor collecdea, tA~ ~ak~rs aod eaderaers hereo[ a[~ to pa~ all costs of collectios. iucludis~ all court cost~ ad~; attK4it~; ;cq. ' ~:~iti i' E r~''-. . ; +..~t.:,r;;~:, y.1.~• -.s:~ PROPERTY MANAGEMENT GROUP , INC . _ • ~ ~,:,;~a],) a Florida corporation, - ~ .~t ~ ~ ~,i_~s;.,. ~ - •r-. y ~ i.,r;,- ~ S~ + F';v;_ - , ` , ~ ~ V William H. Watson ~s~L~ • ~ . .:r.ir"~ ~ • 1 .'r ~ ~ . ~ ~ ~ • l~ William H, watson, Its President ~ ;r L, ~ y': ~ ' .........(SEAL) Ai:..t~t--~_~%-;-.; ---William1H Watsontsindividually..----- /s Susan J. Watson _.S _ J .._.Y+iats n. .........................•------.--._.ts~.) --~5 ~g1i_'_'J~":Taf:son------Secr~~"a"_-...._....__. C O P Y and ahall duly. prompUq and itilly pertotm, discharge. execute. effect, complete, comply wtth and abide by each and everv the stipulations. agreementa, conditions and covenants of said promissory note and of thia mortgage. then this mortgage and the estate henby created shall cease and be null and void. It ia underatood that each oi the wor~, "note; '"mortgagoY' and "mortgagee" respectively and the pron- ' oune referring thereto, whether in the singular or plural anywhere fn thia mortgage, ehall be aingular ii one ody ' and ahall De plural jointly and severaliy. If more than one. and ahall be masculine, feminine and/or neuter. wher- ~ ever the oontext so implies or admits_ ~ And said Mortgagor for him~lf and hia heirs. legal representativee. successora and assig~fs. herebq coven- ~ ante ana agrees to and with said Morigagee. hia legal representstivea. successors and aesigns: 1. To pay all aad aing~ilar the priacipa! and intereat and the various and sundry aums o[ money psyable by I virtue oi aaid prominsory note. aad thls mortgage. each and every. pmmpily on the daya reapectively the same eeverally become due, ~i 2, To pay all and aingular the taxea, essessments, leviea. liabilitie9. obligations and incumbrances of every i nature and kind now on 9sid described property, and/or that hereaiter may be impo9ed. auffered, placed, levied or assesaed thereupon. and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby, each and every, when due and payable acrnrding to law, before they become delinquent, and before any intere9t attaches or any penalty is incurred; and in so far as any thereoi ia oi record the same shall be promptly satisfied and discharged ot record and the original oificial document (auch aa, for instance, Lhe tax receipt or the satiataction paper officially endorsed or certified) ahall be plsced !n the handa o[ said Mortgagee within ten days next after payment; and in the event that any ihereot is not so paid, satisfied and discharged. said Mortgagee may at any time pay the san?e or any part t6ereof without waivtng or affecting any opti~n. lien, equity or right under or by ~°irtue ot this mortgage, and the full amount o! each and every such payment ahall be immediately due and payable and shall bear interest Irom the date thereof until paid at the rate of ten per centurn per annum and together with such interest shall be secured by the Hen of this ~ mortgage. 3. To place and continuously keep on the buildin~a now or hereafter eltuate on said land 8re and windstorm hi hest ' value insurance in the usual standard policy form, in a sum not less than =...____~3 ................~~SUXd~?~~~, in auch com- ~ pany or comp^nies as may be approved by said Mortga~ce; and all such insurance policiea on any of eaid build- - ings, any interest therein or part thereof, in the aR~regate sum a[oresaid or in excess thereot, ahall contain the usual standard mortgagee clause making the loss ur.der said policiea, each and every. payable to said biortga- gee as his interes[ may appear. snd each and e~~ery surh policy shall be promptly delivered to and held by said ~ Mortgagee• and, not less than ten days ;n ad~ance ef the eapiratian of each poUcy, to deBver to aaid Mortgagee ~ a renewal ~thereof, toRether with a receipi for the premium ot vuoA rnnewni: and there ~hall be no auch insur- ~ ance placed on any ot sald buildinga, any intemst therein or part thereof. unles~ in the form and with the loss ~ payable as aforesaid: and in the e~ent any aum of money becomes payable under such pollcy or policiea said Mortgagee shall have the optian to receive and apply the same on account ot the indebtedneas secured Dereby or ~ to permit eaid Mortgagor to receive awd• uQe it or any part thereot for other purposes without thereby waiving k or impairing any equity. lien or right under or by virtue of this mortgage; and in the event sald Mortgagor shall ~ for any reason fail to keep the said premiees so Insumd, or tail to deliver pmmpUy any ot aaid policie~ o! ~ insurance to said biortgagee, or fail prompUy to pay fi~Uy any preminm therefor, or in any ;espect fatl to per- ~ form, discharge, execute, etfect, complete, comply with and abide bv thia covenant, or any part henof. aaid Mortg- agee may place and pay for auch in9urance or any part thereoi without wafving or atfecdng any option, lien. ~ equity or right under or by virtue of thls mortgage, and the tull amount of each and every such psyment shaII be immediately due end payable and ahaU bear interest trom the date thereof until paid at the rate of ten per ~ centum per annum and together with such interest ahall be secured by the flen ot tLfa mortgage. ~ 4. To permit, commit or auffer no waate. impairment or deterioration oi eatd proparty or any part t2?eseot• i ~ 6. To psy all aad singulsr the caats, chargea and expenses, including reasonable lawyer's tees and co~t o! _ abatracta of Utle. incurred or paid at any Ume by aatd Mortgsgee because and/or in the event of the failure ~ on the part ot the satd Mortgagor to duly, promptly and llilly perfor~n. dlecharge, ezecute, ettect, complete, ~ comply wlth and sbide by each and every the atipulatfons, agreements, conditlons and oovenante oi said proral~- ~ rory note, and Uils mortgage. any or efther. and aafd co9ts. charges and expenses. each aad everq. shsll be lm- i mediately due and payable. whether or not t2~ece be notice, demand, sttempt to collect or sult pending: and ths ,i, iull amount ot each and every such payment ahali bear intereat from the date thereoi unt11 pald at the rate oi ten per centwn per annum• and all satd ooeta, charges and e~cpeaae~ so lacurred or paid. together wlttr auch ia- ; ~ terat, ~hsll bs secured by the liea o! tWs mortgage: ' ~ ~ . ~ { b00K~~~ PAGE~~V~ ; - F a` ( - 4 r`~ ~i - ' ' ' ~ ~.3!. ~ . . . : ' a . - _ . . . . . . - . . . ~ ~