HomeMy WebLinkAbout1804 - ~
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i STUART, Florida. _QC.LQI2er----------------------- 192i~--
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:i: FOR VAl.UE RECEIVED, the undersigned, jointly and severally, PROMISE TO PAY to the order of_______. .
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:~--~----FQUr_shs~u~n~_lnur.__Hun.dr_e~i__B~cLnollUII---------------------- - ~o~u~RS,
at --------..T~&~_~acLt__ElQi_ida-----~--_-------_~_-- -----------.or such other place as the hofder
i?• hereof may designate in writing, together with interest from date at the rate of 10________ per centum per annum on the
~i~ unpaid balance until maturity. The said principal and interest shall be due and payable AS iO11o~;S :
$9~.4J a month, the iirst payaent :~eing duo one sonth from ~ute, and
continue each t~anth therettfter until paid. Thia ~uea of ~93,43 eacW month
; shall fii•st '_xx3 cz~eaited to interest and the re.~ainder to the principal oP
y.this obli~atioa. This note maq be prepaid gt snp tide ~vithout penalty. f
This note aill be caepletelp paid aith 60 monthlp payreeats of $9~.49
~ unles~ sooner prepaid.
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If deiwh be madl fw JO daYs in ths parment of anY installmMt of princip~l or int~rpt w sny part ehereof. the whol~ :um then rema~n~np ~y •
crpa~d w~rh ~nteres~ shall ~t hotdcr's op~ion becorrN d~e and paY+bk w~thout notice. h~lur~ to eaerciw ~uch opt~~n shaU not titut~ a wa~va oi the ri9ht
• ~o e.erciae the same ~n tM event of subseqxM defaolt. Afror maturity boM principal and accrued interest sh~ll bear intersst at - pN centum pcr annum {
~nr~~ paid. TM rr.akers and endoraers of fhia nots further wsiw demand, notic~ of nomp~YmeM snd W~est. If this non is ~o~ W ~t maturity and tM same is ~
•j~ v!scN w~th an ~norney fw colhction, tM maken snd endws~ra ~er~of ~yrN to PaY ~il cosn of totl~ction, includinp •11 court co~n ~nd reasonabk attuney fees-
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I. 1~. IIabe~•le
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and shall duly, promptly and fully perform, discharge, execute, effect, complet~, ~omply w~th and abide by each
and e~~erv the stipulations, agreements, cond~tions and covenants of said prom~s~ory note and ot thia mortgage.
then this mortgage and the estate hereby created sh:ill cease and be null anu void.
It is understood that each ot the words, "note," "mortgagoY' and "moYtgagee" respecti~•ely and the pron-
ouns refernng thereto, whether in the singular or plural anywhere in thla mortgage, ahall be aingular it one only
and shall be plural jointly and severally, if more than one, and ahall be magculine, feminine and/or neuter, wher-
e~er the oontext so implies or admits. ~
And sald Mortgagor tor himself and his heirs, legal representatives, successora and asslgne, hereby coven-
anta ana sgree9 to and with eaid 1ltortgagee, his legxl representatives, successors and assigns: ,
a
1. To pay all and singular the principal and interest and the various and sundry suma oi money psyable by
virtue of said promissory note, and Uue mortgage, each and every, prompUy on the days respectively the same
aeverally become due.
i 2. To pay all and singular the taxes, essessments, levies, liabilities, obliRstions and incumbrances of every
! nature and kind now on said described property, and!or that hereatter may be imposed, auffered, placed, levied
f or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted• ~
i ness secured hereby, each and every, ~hen due and payable acrording to law, before they become delinquent, •
~ and before any interest aLtaches or any penalty is incurred; and in so far as any thereof ia of record the same ~
; shall be prumptly satisfied and dischareeci of record and the onRinal officia! document (auch as, Lor instance.
:he tax receipt or the satistaction paper officially en~iorsed or certifiedl shall be placed in the hands of said
titortgagee K~thin ten deys neat after payment; and in the eveRt tha[ any thereof is not so paid, satisfied and ~
discharged, said 11Lortgagee may at any time pay the same or any part thereof H-ithout waiving or affecting ~
any option, lien, equity or right under or b}• ~~irtuP of this mortgage, and the full amount of each and every ~
~ such payment shall be immediately due and payabSe and shall bear interest from the date thereot until paid
~ at the rate of ten per centutn per annum and to~eth~r w~lh such interest shall be secured by the lien of this ~
mortgage. ~
~ 8. To place and continuously kecp on the bu~ldinga now or hereafter altuate on said land fire and windstorm ~
insurance in the u.~ual standard policy form, in a sum not le.ss than i__....~a.7f+~.A1.WQ 1n such com- ~
pany or comp^~ies as may be appro~•ed by cai~l Mort;,•a~~~e: and :?ll such insurnnce policies on any of said build-
ings, any intere9t therein or part thereof, in the a~~r~:~ate sum aforesaid or in excess thereof, shall contain the ~
usual standard mortRagee clause makinR the luss ur.drr a~id policies, each and every, payable to said 11'[ortga-
~ gee as his interest may appear, and each ar.d e~•ery su~•h poticy shall be pmmptly delivered to and held by said ~
1?iortgagee; and, not less than ten days in ad.•ance of the expiration ot each policy, to deliver to snid biortgagee
~ a renew•a) thereof. to~ether with a receiFt for the prpmium of anrh r~newal; and there shall be no such insur-
ance placed on any of aafd buiiciinRs, any interest therein or part thereot, unles~ in the form and with ihe loss
payable ae aforesaid; and in the e~•Pnt xny sum of mc~ney becomes payable under auch pollcy or policiea said :
~ Mort~;a~ee shall hare the ~~plion to recei~•e and apply the same ~n account ot the indebtednesn secured hereby or i
to permit said :?SortQaRor to re~eive and uce it or any pwrt thereot for other purpo~es without thereby waiving
~ or impairing any equity, lien or riRht under or by ~irt~ie of this mortgage; and in the event said Mortgagor shall
for any reaso~ fail to keep the said prem~a~•s so insur~A, or fail to delh~er promptly any of said policies ot
insurancP to said riortgaR<•e. ~r fail promptlv to pr~y [ully any premium theretor, or in nny res~?ect tall to per-
form. d~achar~e, execute, etfect, complete, comply ~~~th and abide bv thia covenant, or any part hereof, aafd 1ltortg-
ageP may place and pay for such insurance or any part thPreof withm~t waiving or atfecting anv option, lien,
~ equity or r.~ht under or by ~•irtue of this mortRage, and th~ (ull :?moimt of each and every auch payment shall
~ be immediately due anA payable nnd ahall bear intPrest trom the date thcreof untfl paid at the rate ot ten per ,
centum per annum nnd together with such interest ahall be aecured by the llen of We m~rtgaKe. ;
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~ 4. To perrNt, commit or ruffer no w•aste, impairment or deterioratlon oi aald property or nny part Nereof. ~
6. To psy nll and aln~ular the costa, charRee and exprnses, includfng reaaonable lawyer's feea and cast of ~
~ aDetracts o[ title, lncurred or paid at any tlme by aaid Mortgngee becauae snd!or In the event of the falture
~ on the part of the aald MartgaRor to duly, promptly and tully peKorrn. discharge, execute, etfect. complete. 3
~ complq with and ablde by each and every the stlpulations, ngreements, condiUon~ snd covenante of ssid promis-
F aory note, and thls mortRage, any or etther, and asild co+ts, charges and expensea, esch and every, shsll be Im• ~
med?ately due and payabte, whether or noi there be not~ce, demand, attempt to collect or ault pending: and the
~ fuU nmount ot each anA every sucb peyment nhall bear Intereat [rom the date thereot untll pald at the rate o! '
ten per centum per annum; and sll ~atd coets, charqes and eapease~ w lncurred or paid. together wlth suc6 in- ~
tereat, shall bs recured by the lfen o! thfs mortgage.
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800K 10~ PAGf 1804
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