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HomeMy WebLinkAbout0184 . . j ; 8,600.00 STUART, Florids, ..,~Z._ ~9. FOR VALUE RKEIVED, the unde~siy ned, jointly end severall , PROMISE TO PAY to ths de~ of ~ ds~e aDd ~ia~.v~ e~~1c~r~ hi/ wil~ 7'~'~r~ owraa7'~" - ~ ~ ~ ~ ~ ~ • ~ r • ~ ~ ~ ~ ~ ~ r ~ ~ ~ ~ ~ ' ~ ~--------------------~------------DO~LARS~ at ~ ~ wa1?~ Crea! ww. i INrritt I~1wRd~__~la. __al~b! _.._.or such other place as the holder hereof may designate in writing, together with lnterest f~om date at the rate of per centum per annum on the unpaid balaroce u~til maturity. The said principal and interest shall be due and payable 1o iour •anuel i~stulltNnt~ oi ~1,400.00 plu~ •oornid inter~st on th~ nnpaid bsianc~ to ths d~t~ ot ~och io+~t~llssnt. Zh~ lirs! pan~st •h~ll b~ du~ on~ ~~r irar~ th~ d~t~ h~r~o~. ~ ~ If ddwh b m~ tor day~ in d+. ar~,~n of any s~sa~.m ot vrtnc+aal or t~w.u «+~w w~? eti.not. +h. who~. s~ +?w~ w~p~id wifh inhres? shall at ho1dM's option b~cwn~ du~ snd p~Yapb withoul eotip. Faih+n b~x~ wch optia? ~II ewt co~~~tut~ a waiwr of tM rpht ; to ~:acb~ th~ ssrn~ in tM w+nf of +~4wa'~~ d~fwN. Aitr~ nrtu?i1y bWh OrinpW! and accrud iN~?yf ~Aall bqr int~nst at _!L- ; un~til psid. iM m~kert and u~doraaa o# Mia noM furtMr waiv~ dMn+nd, notio~ of ~WY~1 ~nd poNst. If Mh noN is ta1 ~ ut~~hnn pa amwn ~ ptKW with an ~flwMy for tdl~tfian• Mi en~kM and M~don~n hM~of Wid at nwlurity and 1M sam~ is ~M ~ P+Y ~ 1 aot and rM~on~blt at?o~n~y fNS. /3/ oward A. we , Jr! SEAI ~ - ( ) ow . C O P Y ~ -fSE~?~) ' ~ nd s ~Elain. E1weI1 __~_~____.~~q~~ and aha11 duly, promptly and fully periorm. diechargq execute. effect. completi+. comply wtW and sbids by each and every the atipulations, agreementa. conditions and covenanta of said promissory note and of this mortgag~e. ' then tLls mortgage and Lhe eatate henby crtated shall cease and be ~1u11 ana void. ~ • It is underatood tt~at eacL ot the words, "not~" "mortgagoY' and "mottgagee" reepectively snd the pmn- ouna referring thereto. whether in the singular or plutal anywhere in this mortgage, Mall be aingular if one only and ahall be pl~ral iointly and severaqy~ if more than oae, and ahall be mesculine, femintne and/or neuter. wher- ever the aontext so implies or admits. And eaid Mortgugor for himseli and his -hetrs. legal representatlvea, eucceswre and assigas. hereby ooven- aata aaa agrees W aad with aaid Mortgagee, his legal repreaentatlves. succeasors and assigns: . 1. To pay all aad singular the prtncipat and iAterest and the var[oua and sundry aums of money paqabie br virtue ot aaid promtasory note. aad thia mortgaga~ each and everY. P~PUY on the days respectively tbe same severally become due. Z. To pay ~11 and aingular the Saxea, aaaeasments, levfes, IiabiUties. obllgatioas and incumbrances oi every nsture and kind now on said described pmperty. and/or tha?t hereatter may be irnposed. auffered, placed, levied or asaeaeed thereupon, and/or that hereafter may be levied or asaessed upon this mortgage and/or the lndebted- nesa secured henby. each and every, when d~~e and payable acoording to law, betore they become delinquent~ and before any interest attachea or any penalty is incurred; and in so far as any thereoi is oi tecord the aame ahall be prompUy aatisfied and discharged of record sud the original official dceument (such as. for inetsnce. the tax receipt or the setisfaction paper ofAciatiy endorsed or cert~ed) shall be placed in We hands ot sald Mortgagee wlthin ten days next after• payment; and In the event that any thereof is not so patd, satisfied and discbarged. aaid Mortgagee may at any time puy the same or anq part thereoi withouf waiving or sffecting aay opUOn, lien. eqvlty or right under or by viMue o! this mortgage, and the full amount of each atxl every such payment ahall be immediately due and payable and shaU~ bear intereat from the date thereof until paid at !he rate of ten per centum per annum and together with such interest ahalt be aecured by the lien of this mortgage. _ S. To place and continuously keep on the buildings now or hereafter situate on said land flre and windstorm insurance in the usua! standard policy torm, fn a sum no! less than i ~SR~IDLlnI in such com- i pany or comp^nies as may be approved by said Mortgagee; and aU such insurance pollciea on any oi said build- ' ix?gs. aay interest therein or part thereof, in the aRgregate sum aloresaid or in excess thereof, ahatt canta[n the asual atsndard mortgagee clause making the lox9 ur.der eaid policiea~ each and every. payable to said Mortga. $ee as hie interest may appear. and each and every such policy ahall be promptly delivered to and held by esid Mortgagee; and, not tes~ ihan ten days in advance of t?~e eapiration ot eac}~ policy~ to deliver to aaid Morigagee s reuewal thereof, together with a receipt for the premium ot auoh renewal: and there ehall be no euch insur- ance placed on any of said buildings, any interest therein or part thereof. unless in the torm and with the loes psyable as atoresaid; and in tbe event any eum o[ money becomes payable nnder such poUcy or poUciea said Mortgagee shall have the optfon to receiv~e and apply the aame on account oi Ne indebtedneas ~ecured 6ereby oe to permit said Mortgagor to rective and usc it or any part thereot tor other purposea without thereby waiving or impairing any equity. Uen or right under or by vlrtue of thig mortgage: and in the event said Mortgagor ahall for any reason fafl to keep the said premiees so insured, or fail to deliver promptly any ot aaid policies o! insurance to said Mortgagee, or fail prompUy to pay fully anq premium theretor. or in any reapect fail to per- form, diacharge, execute, eftect, complete, comply with and abide by this oovensat, or any part hereot. safd Mortg- agee may piace and pay for such insarance or any part thereot wiihout waiving or affectlng any opUon. lien. eqnity or right under or by virtue of thia morigage, and the fuU aq~ount o! each and every such payment ahall be immediately due and payable and ahal! bear interest from Lhe date thereot untU gaid at the rate ot ten per centum per annum and together wifh auch tnterest shall be aecured by the Hen oi thls anortgege. 4. To permlt, commit or sutter no waeLe, lmpairmeat ot deteriorstion oi eaid property or any part thereat. b. To pay all and aingular the coets, charges and expenses, including reasonaWa lawyer's fees and caet o! abetracte ot tltle. incurred or pald at any tlme by ' eaid Mortgsgee because and/or ia the eveat of tbe faiturs on the psrt oi the eaid Mortgagor to daly, promptly and fully pedorm. dlscharg~, ezecute, ettect, complets, complY wiW aad abtde by each snd every We stlpulstioas, agreemenb, canditions aad oovensnts oi said promis- wrY note. snd tlds mortgage. any or either, aad sald coets. charges aud ezpenses, eaclt aad every. ~hW bs lm- medfatelY due and paysblR whether or not there be notice, demand, atteanpt to oolkct or snlt pending: and the ~ iUll amount.ot each and every sucb payment shall bear int~rest lrom ths dats thereo! ~mtfl paid st the rste ot ten per centum per aanum• and all aaid casL, cbarges and tzpeases ~0 lncurred os paid, together wlth such !n- tereak shall Ds ~ured by the 11~ o! t1Us mortgage. , B oK 186 ~.83 ~ ~ ~ T~_~ ~ _ . _ - - : ~ _ _ _ - - . _ ~~i= ~ '