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s_ aa~se.~ STUART, Florida, ~/~?a 19
FOR VAIUE R~CEIVED, the undersigned, ioi~tly and a6rverolly, pROMISE TO PAY to the o~dx of
Du~w Adu~ ~ad Qlp~vil~~. .l~t~~.. -
~ ~ ~ • w ~ ~ ~ ~ ~ ~ ~ ~ ~ ~Ol~~~
at ~Lt~+ ~l1t.L~~ ~.~.~.I~4~.L~l.__.____.~__or auch other place as the holde~
hereof may designete in writing, together w11h interest from date at the ~ate of per centum pe~ annum on the
unpaid balanoe until maturity. The ssid principal and i~tereat ahall be due and payable ~11 t01~! amtul
la~tallMats o! S1,s91.)b, ~iw ~aoaw~d ist~rut •t tb~ r~t~ o! S~ ~Mr
a~utu~ os tht nnpsid b~l~io~ to d~Le o! p~y~~nt. Th~ tirst pays~at •hsll
b~ du~ a~N ~~~r lra~ dat~ hor~oi. ?hi~ not~ b~ pr~p~id in whol~ or
ia p~rt •t •n~ ti~i withou! p~ai?it~.
If drfwh b~ n~ for day~ in tM WY~t of ~nY tmhliu~nt of PrinciWl or tnlwsf or +nY v+~ ~Mrwf, tM rr1aM swn Ma~ ~a~0
unpsid wid? intu~st shill at holdK's op
tion b~ca~N dw and paY~bb vrithout notia. F~iM+h b ucMaw wd~ opNon ~hsll not cw~ tun a w~ivr of tM riqht
a e~cNCis~ Nn s+~ in th~ w~nt of subwq'.w~t d~fwl~. After maturity bWh P~u+aWl and xawd tefwit sh~ll bar inhmt ~t -
Q.~_ pa antum per anrw+m
until Th~ nak~n ~nd ~ndora~rs of dws noM furNrr waiv~ d~nwwl, notia of na~paym~nt ~rd P~• If 1hh ~ae~ b nor paid N m~hwiy snd ~hs aam~_is
with an a»amY for cdNcfioe. tM enalc~n ~nd ~ndo~rs~n Mrwf aprM fo o+Y all sosb of oolbdiaA, inclu~q sll cawt oosb ~nd ~waoeabb ~twn~y f~a.
/3/ Robert Y. Paduano --~--__~__(SEA~)
. . ~00
C O P Y
Rosalie Paduano ~~_~~____________(SEnlj
~ . a~~~awoo
~ _ ----~_____---~-(s~?~)
and shs$ dvly. Proa?PW' ~~Y Pt~o~. ~~8~. esecute, eifect, complete, oomply Wtth and abids by each
and every the stipulations. agreementa„ conditione and covenants of aaid pmm~asory note aad a! t,his mortgage,
then thia mortgage and the estate hereby created ahall ceaee and be ault aaa void _
It in underatood tl~ut each of tha words. "aote.' "murt8agor" end "mortgagee" nspectively and the pi+oa-
~ ~erring ~ to, whether in the aingular or plurai aaywhere fn this mortgage, ahall be aingular i! one oaly
p iointly sad severally. if mote than oae, and bhall be menculine. feminine and/or neuter, whe~
ever the ooniext so impllea ar admlts. - ~
Md aaid l[ortgagor tor himaelt and his hefrs, legal representativea,, succeasors aad aaeigns, hereby oovea.
~ aata ann agrees Lo and with aatd l~ortgagee, his legai represantstives. aucceasors and aseigas:
L To pay all aad dngular the pr[ncipal and interest aad the various and snadry s~ms of moneY PaYable b~
virtns ai said promissosy note. and tLi~ mortgage; each aad every. P~PVY on the dsys napscuvely ttie um~
severally becoms d~e.
To PaY aU sad sin8olar the taxea, aaaeaameats. levies. lfabiUUes, obllgstions aad incumbranoea of every
nature and ]cind now. oa said deacribed ProPeMY. andJor thst bereatter may bs imposed, sufiered. Placed. Ievied -
ur aaseased thenupon, aad/or ttut hereatter may be levied or aseesaed npon fhia lriostgage sad/or the indebted-
neas secused bereby. each and every~ when due snd payable acvording to Isw, before they Decome delinqueat,
and before aay Wterest attaches or any penalty is Incarred; aad in so far as any thee+eof is oi reoord tLe same
ahau be rromvuy sacis~ea ana aischargea or n~cora aua u~e origi~a ornaal aocumenc caucl? as. ror sa.canc~
the tsx receipt or the satisfaction paper offidally endoreed or certificd) shall be placed in the hands of said
Mortgagee v~+lthiu ten days nezt after paymeat; and in the event that aay thereo! is not so patd, satisfied and
discZwrged.. said l~ortgagee may at any time pay the eame or any part thereot without waiving or attecting
sny optlbn. liea. equity or rig6t under or by virtue of tAia mortgage. and the Nll amouat ot each ar~ every
such payment pball be immediately due and payable and shall bear interest from We data thereof until paid
at the nte oi ten per cenbun per annum and together with such interest shall be aecured by the lien of tLL
inortgag~e.
a. 'lb plaoe aad continuously keep oA c~ ~u;~a~~ no~? o: ~~rc~ ~atu~ce on ~a ~a ~ ana ~a8co~
insuranoe in the uaual standard poitcy form. in a aum not teas than i--•-...... ~BR~IDl1ID
In sucti oom-
. pany or comp:~niq as may ~be appmved by 8sid Mortga~ee; and all such inaurance poHctes on any oi said bWld-
1n8s. any interest thenin or part thenof. in the s~gregate sum atoresaid or in exoess thereof. ahall contain the
usual atandard mortgagee clauae making the los~ ur.der said policEes, . each aad every. payable to satd Mortga.
Bee aa his intereat may appear, and each and every suc6 policy ahall be promptly delivered to and held_ by said
Mortgagee; and~ not less than ten dsye in advance of the eacpiratioa ot each poHcy, to deliver to aaid Mortgagee
~ s renewal Lheteof, together with a receipt for the preminm ot aoch renewal; and there shdl be no such ineur-
ance placed on any of said buildinga. any iniereat thereia or part thereof. unlea~ in tbe form and with the loss
payable as aforesaid; and in the event any sum of moneq becomea payabie under auch polic}? or pollc[es ssid
Mortgagee ahall have the option to receive and apply the aame on accouat o! the indebtedness secured henbq or
to permit said Mortgagor to receive and woe it or any psrt thereot for other purposes alWout thereby waiving
or impairing aay equity, lien or r3ght under or by Wrtue of this mortgage; aad tn the event sald Mortgagor shall
• tor anq reASOn fai! to keep the aaid premisea so inst~red, or fafl to deliver promptly any of said pollcies of
inaurancx to aaid MortSaB~e. or !al! prnmpUy to pay fully anq premlum tberotor, or in aay respect fall to per-
form, diacharge. ea~ecute~ eftect, complete, comply with and ablde by thi~ oovenant~ or any part hereot~ aald ][ortg. ;
agee may plaoe and pay for such insuranoe or any pert thereo! without waiving or al~ecting any option, lien.
Muity or rigfit nnder or by virtue oi thia mortgage. and the tuU a~nount of each utd every suc6 psyment ahall
be 1mmMiately due and payable and shali bear intereat trom c~ aace cn~~or ~?w ~a a tue rata of ten per
oeatum per snnwa and together wlth such interat shall De se~~d D~? t~e Hea ot tbfi mortgage.
4. To permi~ oommjt or sufter no waate. lmpairmeat a~ deterloratioa ~ Wd pt+opssty ~.any part therea~
abstracta ot~Utle, cu~ ~Sea snd ezpen~ei, facladiag reawnsWe la~vqes'a tees and cast ot
aa ths pnt of th~ safd Mo ~d'at aay time bq ~sld Kortgagee becsuse and/or fa the event oi the fatlurs
rtgsgor to dulY. P~~Ptty aad NUr Puiorm. di~chsr~e. szaeut~. aKect. completq,
compl~ w~lt1~ aad abide by eacb aad every tbe atipuluUon~, aareema?ts. conditions aad oovensnb ot said plrotnis-
wr7 twte. aad thfa mortgage. any or either, aad sald co~ta. charBea and ea~pen~s. eaeh aad svery. aball be Im-
mediatety dus and W3~able. wDcther ar ~t thene be notioG demaad. attempt to collect or ault A~pB: and ths
full amaunt o! each aad every such payment ahail bear inta~rest trom t1r dat~ tb~reof tmtil patd at the rate ot
tea P~r centum per annum• and all aatd eo~ti. cnarses aoa w~psnw w lacurred or pafA. to~stMr w1tA wch fn-
terar~ ~ba11 Ds s~cured b~? th~ lien o~ thls aiostga~.
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