Loading...
HomeMy WebLinkAbout2655 s.7t~~!~ STUART, Florida, 19~~_.. FOR VAL E RKEIV~~p, h nder i nad, ' intl a~d sever 11 , PRO~nISE TO PA to the order of.._._.__. . - B~~ ~Alt~9._~ ~o~l~t ~ Co~r - !E !or!t~o±~---------------------------------- ~i~~ i~'~iouiaed~e~---i~sde~~ ~Ia 3'is~ ~ iad io1~ ~o - ..------~--~---~oiu?RS, • at -•----~ONO 9MOh~_~O~l~~----- - -.--------•-----.or such other place as the holder Z hereof may designate in writing, to~ether with intere~t from date st the ~ate of per tentum per annum on the unpeid balance until matu~ity. The said principal and interest sha11 be due and payable i/ :Ol1dM 1 ~1~1.5~ ~~atth. th~ lir~t Mrr~t b~le~ dw oM ~ooth lto~ ~t~~ oa~ati~a~ MoD ~ti tOorMtt~r uatil ~ia. !'Ai~ ~~r o! fll1.1.1 ~ao~ ~ts ~ ~L~11 tiu~t b~ os~dit~d to l~t~r~st ooa th~ r~io~Mr !e th~ ~i~C1~l oi . tAis obllptlai• lhl~ oob q~ b~ jlr~id •t •a~ t!M rritbut ~Ylt~• !l~i~ aot~ •ill D~ eoyl~t~l~ paid ~itr 1lifl aost~l~ N~~tr ot ~1ll.~s ~ ~ulaa Noo~r p~srMi~. ~ If d~fault b~ m~ h? ~ d~y~ in ~M Wr~+t ef ~r imhlM~~M oi w~~cipai a inNnst w a~y w?~ ~Mrwi. ?M wAd~ ~w. ~Ma .~matntrq ~ unpaid wirA ~n~n~ aAalt tl AoMn'~ op~wn b~conr dw ~nd p~y~bM wiMpre na~c.. F•~Iw~ ro~,NC~w suci+ option Jull no~ hr» a w~~vN ol th~ npM ~o ~a~?cn~ tM N~ ie dr ~Nn1 ef ~ubp:wnf ddwl~. Af?tr me~wity 1wM aincip~l ~nd ~cuwd inNrMt d.~ll b~ar ~nterwt at ~ pe~ cMhxn .,nnl p~ id. i?K ~naLKS ~nd ~ndwwn of Mis no~~ fwtMr wuw d~w~wd. nolia ef non-payn~t ud proM~t. If tAh nor~ ia not o~~pd wiM an Nfornry la colNchon. maLa~ ~nd ~ndaNn Mrwf p~N 1o Pay ~11 coats of oolhctien. includmq a11 cow~ caK ~nd r~~saipN ~r an~r~es S (SEAL) ~s . - - - - ts~,~, - csEni, . ~ ~ and ahall duly, promptly and tully per[orm, diacharge, execute, effect, complete, comply wtth and abide by each and everv the atipulations, agreementa, cond~tions and covenants ot said promiswry note and of thie mortgage. 3 then this mortgage and the eatate hereby created shall cease and De null ancl void It i~ underetood Lhat each ot the worda, "note," "mortgagoY' and "mot~tgagee" respectlvely and the nron- oun~ reterring thereto, whether in the singular or plural anywhere in thia mortgage. ehall be eingular it one only and shall be plural jointly and severally, if more than one, and shaU be mesculine, feminine and/or neuter. wher- ever the context ao implies or admits. Md said Mortgagor for himself and hia heire, legal representaUves. aucces'oro and asaigna. hereby coven- ants anu agrees to and with eaid Mortgagee. hia legal representativea, successors and aa~igns: 1. To pay all and aingular the principal and intereet and the various and sundry suma of money payable by - virtue of sald promissory note. and this mortgage. each and every. promptly on the days respectively the same aeverally become dua 2. To pay all and aingular th~ taxes, asaessments, le~ies, liabiliUea. obllgations and incumbrances of every nature and kind now on said described property, and/or that hereatter may be Impoaed, auftered. placed, levied ~ or assessed thereupon, and/or that hereafter may be levied or asses9ed upon this mortgage and/or the indebted- € ness secured hereby, each and everf, when due and payable according to law, before they become delinquent, ~ and before any interest atiaches or any penalty is incurred; and in so far se any thereotia of record the sams ~ shali be prumptly satisfied and discharged of record snd the original official document (auch as. for instanee. ~ :he tax receipt or the satisfaction paper officially endorsed or certifiedl shall be placed in the hande of said € ~tortgagee within ten days next after payment; and in the event that any thereot is not so paid, aatisfied and ~ discharged, said 1lfortgagee may at any time pay the aame or any part thereot v~lthout wai~~ng or affecting ~ any option, lien, equity or right under or by ~•irtue of this mortgage, and the full amount of each and every ~ such payment shall be immediately due and payable and shall bear interest from the date thereof until paid ~ at the rate of ten per centum per annum and together with such interest ahall be secured by the lien of this ~ mortgage. ~ ~ S. To place and continuously keep on the buildinga now or hereafter aituate on said land fire and windstorm ; inaurance in the ~~ual standard policy form, in a sum not less than :.__.....~R~~JIIti1a in auch com- + pany or comp^nies as may be npproved by said ]?Tortga~ce: and aq such insurance policie~ on eny o[ said build- ~ ing~, any intereat therein or part thereof, in the aRgregate aum atoresaid or in excess thereof, ahall contain the ~ usual standard mortgagee clause making the iosa ur.der eaid goliciea, each and every, payable to aaid Mortga- ~ gee as his interest may appear. and each and e~~ery suc•h policy shall be promptly delivered to and held by said ~ 1liortgagee; and, not lesa than ten dsya in ad~•ance of the expiration ol each policy, to deliver to sxid btortga~ee ~ a renewal thereof, together with a receipt for the premium of ai~ch renewal; and there ahall be no auch insur- ~ ance placed on any ot said buildinga, any intereat therein or part thereof, unles~ in the form and with the loss ~ payable aa atoresaid: iu?d in the e~•ent any sum of money becomea payable under auch policy or policies said ~ ~ Mort~agee shall ha~•e the option to receive and apply the same on account ot the indebtedness secured hereby or ~ to permit said Mortgagor to recelve nnd use it or any part thereof for other purpoaes without thereby waiving ~ ~ or impairing any equity, lien or right under or by ~irtue of this mortgage; and in the event said Mortgagor shall for any reasoa fail to keep the said premi~es so Invured, or fail to deliver promptly any ot said policies oi insurance to said Mortgagee, or fail promptly to pay fu11y any premium therefor, or in any reapect fafl to per- form. di~charge, execule, etfect, complete, comply K~th and abide by thia covenant, or any part hereof, aaid Mortg- , agee may place and pay for such In~urance or any part thereot without waiving or atfecUng any option, lien, : equity or right under or by virtue of this mortgage, and the full amount of each and every such payment shaII ~ ` be lmmediately due and payable and ahall bear interest trom the date thereof untfl paid at the rate of ten per ~ centum per annum and together with such tntereat shnll be eecured Dy the llen ot thls mortgn.ge. 3 To permlt, commlt or auiter no waate, impalrment or deterioraUoa of said property or anq part thereot. ? :~a ~ 6. To psy all and aingular the costs, charges and ezpenaea, lncluding reasonable lawye~'s feea and cost o! ; abstracts ot tiUe, tncurred or paid at any tlme by said Mortgagee becauee snd/or !n the event of the fallurs t r- oa the part of the aafd Mortgagor to duly, promptly and tully perfoeln, dlscharge, e=ecute, effect, complete, + rnmply wlth and abide by each and every the atipulations, agreements, con6tUons and covenanb of aaid promis- sory note, and thls mortgage, any or either, and aald co~ts. charges and expenses, each and every, shal! be lm- ~ mediately due and payable, whether or not thece be notice, demand, attempt to oolkct or sult pending; and ths lull amount ot each and every iuch payment shall bear interest lrom the date thereot until pald ~t the tate oi ten per centum per annum; and all aald cosL, charge~ and e~cpease~ w lncurred or paic~, togethsr w+1W sucD fn- terest, shW bs aecured by ths Uaa o! tNs morigage. i ~ ; ~ -:s ° ~ 1yU 2651 y BOOK 1 r4 ~ , . . . . . . , . . . .