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Home My WebLink About0984 I2, 5t~0. l~O STUART. F~otia.. Mq~~l"~ .7•~' ~ POA VALUE RECEIVED. th~ iyned. jofntlY snd s~~~rallp. PROMI3E TO PAY !o th~ ord~r o! ~y L~V~'A~RL KU ' 'L _ . . 5 - Twe~ve Thousan~ ive undred an~~i n~~iCl DOLLAAS ~~t $8~ Azalea C UT't~ ~,~~~~~Otl~ Flcarida;_ 33313. o~ such ofh~r plac• as the hold~r . . . _ . . . ~ hereof maT dtsiqA~t~ in ilia~. loq~ih~r v~iih int~r~st lroen dat~ at iM tat~ o! ? per centum per ~nnum on the unpaid ll bal~nCt until matutitt. Th~ riacipal aad iet~r~s! shall b~ due e~d payablc as follow~: Tn five squsl annual installments of ~2, 500. 00 esch plus interest at the rate of 7(~~ ) ~ ~ per cent per annu~n; the iirst such installment shall becoYre due one yesr from the ~ute hereof, and a like sum on ame date of each and every year ther~atier until the ~ entire principal and all accru inte est shall have been paid in ltiU. The mekerf, hereoi ~ _•ese:~ve the right to pre-p~y nt hereoi at ar~y time without p~nalty. i ~ 11 deta+.lt ~nadr te? ~O dar~ ir t?e paraent ol aay i~stall~eat oi ~?1nci~a) or inlere~t er .~r w?~ lher~o(. the w!~ole •um lhen remainin~ ` ~ unpaid r~i\ ~nt~r~at •MII at helde~ ~ o~ti~n bece~e due ~wd ~ayJb ~ilAwt ¦otwe. Failure te eaenise sucA epl~on ahall not constiWl~ aI}~ aiver el ~I~e r~~ht to etercise tA~ sase in !he e~~et el ~u?~pueat /el~ult. Albr walurilr !ot 'wcfpal awd ucrucd int.~est ahall Sear int~r~st at f pcr centum D~at.,r tr u.d t~~ ssm~ is Plac~edt~. ~A~a~ a~ e Of~ ~KttOllft(~OA. t• A~ak~ si~wJae da sers eiereol ee tu~WY alldcost~'ol c Ifec1 un.~ nclud~n~ talla surt ~o•ta a~A rNSOaable ~ito~aey tee~ ~ ~ . S I . _ . ISEALI ~ John L~. VJeber ~ _ . . ISEAL~ Dor1s L. VSieber ~ ISEALI ~ and shall duly, promptly and fully pertorm, dixharge, exerut~, ef[ect, completr, comply w~th and abide by ~ach and everv the stipuiations, agreements, cond~t~ocu and covenants of saud prorr.issory note and of this mortgage~ ihen this mortgage and Lhe estate hereby created shall cease and be null ana ~oid. It ~s underatood that each ot the wonis. "note," "mortgagor" and "mortgagee" respecUvely and the pron- ouns rnternng theret0. v?hether in the sinqular or plural anyvahere in thia mortgage, ahall be aingular it one only and shaU be plurnl joinUy and xverally, if more than one, and shall be rnn.9culine, [eminine and/or neuter. wher- e~•er Lhe context so implies o~ admiis. And said Mortgagor for himaeif and his heirs, legal representatives, succes9ors and assigne, heteDy coven- ants ano agreea to and with aeid Mortgagee, his legnl representstives, succes~ors and assigns: ! 1. To pay all and aingular the principal and intereat and the various and aundry aume ot money payable by ' virtue of said promiasory aote, and this mortgage, each and every, prompUy on the daya respectively the aame i aeverally become due. E € 2. To pay all and singular the txxes, ~ves$ments, le~ie~, liabilitie~, obfiRation~ and fncumbrances ot every nature and kind now on said descnbed property, and:-or that hereatter may be imposed, auffered, placed, levied ~ or asgessed thereupon, andJOr that hereafter may be lev~ed or a_~sa ssed upon this mortgage and/or the indebted- E ness secured hereby, each and e~•ery, w•hen dae and payable acroM~ng to taw, before they become d~linquent, ~ and betore ~tsy interest attaches or an~~ penalty ~v incurred; and in ,o far as any thereof ia ot record the same ~ shall be prumptly satiafied and discharged of record and the onRinal ot(icial document (auch aa, for inatance, ~ :he tax receipt or the satiafaction paper o(ficially endorsed or certif~ed~ ahal! be placed tn the hands ot said ~ Mortgagee w~thin ten days next after payment; and in the event that any thereot is not so pafd, aatisiied and ~ d~scharged, said 2~iortgagce may at sny lime pay the s.~me or sny part thereo[ without wai~~ing or affecting any opti~n, lien, equity or r~ght under or b~~ ~•~rtuP of this mortgaRe, end the full amount of each and every ~ such payment shall be immediately due and payab;e and shalt bear interest from the ciate thereot until paid ~ at the raie of ten per centurn per annum and t~~~ethPr v~~th such interesl shall be secured by the lien ot thii c mortgage. ~ 3. To place and continuously ke~p on the buatdin~~ now or hereafter altuate on said land fire and w(ndstorm inaurance 1n the u.~ual standard pulicy f~rm, 1n a sum not less than S m~.X1TTlllm. In auch com- ~ pany or comp-ai.•s as may be approved by a3;~i Diort~;a~~•e: and nli such insurance ~licie~ on any of said bueld- ~ ing~, any intere~t therein or part thereof, in the a~;,r.•#;ate sum afornasld or in excess thereof, shall contain ths usual sLanciard mort~agee ctavse makm~ the I~~~s ur.d. r sa~d policie~, each and every, payable to asid 111ortga- gee a~ hia interest ma}• appear, and each and e~•P:~~ su~~h ~hcy shall be pmmptly delivered to and held by said % ~ Mort a ee: and, not less than ten days in ad~an~e of the Px irAtion ot each lic to delfver to aaid btort a ee ~ ~ S 8 P Po Y. K R~ I a rene~ti•a! thereof. toRether w•ith a rece~nt f~r thr prpmiom ~t snrh re~ewal; and there ~ha]I be no auch insur ~ '3 ance placed on anp o[ `aid bwldinKs, any interest thPrein or pnrt thereof, unles~ in the torm end with the loas $ pa~~able as aforesaid: and in the e~•Pnt s?ny sum of m~rney becomes payable under ~uch policy or policies said ~ Mori~a~ee shall have the opti~~n to recen•e and apply the same on account ot the indebtedneas aecured hereby or ' to permit said :Knrtqa~or to recei~•P and uce 1t or ar.y part thereof for other purposea without thereby waiving ~ ~ or impafring any equity. lien or ri~ht under or by virtue of this mortgage: and in the event aaid Mortgagor ahall t for ar.y reasn~ [s?i) to kpep the said prem~e~~s so Inaamd, or fail to dellver prompUy any of aaid pol?cies of insurance to s~id rtortgaqee. or fail prompUy tn tr.~y titlly any premium therefor, or in any res[?ect [ail to per- form. discharRe, execuie, ef[ect, comple:e, comply u~th and abide by this co~~enent, or anv part hereof, aaid Mortg- : - ageP may place anA pay for such inaurance or any part thereut without w~iving or attecting any option, lirn. ~ ~ equ?ty or riRht vnder or b< <•irtue uf thia mortRaRe, anJ thi~ tull a~ount ot each and every such payment +hall ~ De fmmediately duP anA pa}•able and ahaU beer intPrest from the date thercwf untU paid at the cate ot ten per centum per annum and toRether with euch tnterest shall be eecured by the lien of thte mortgaRe. ~ 3 4. To pcrmlt, commit or auffer no w•aste, ~mpai:meat or deteriotstlon ot safd property or any part thereot. F 6. To pay all and sinRulu the co~ta, charRea and expe~nses, lncluding reasonaDle laaye~s fee~ and cwt ot abetracta ot tiUe, tncurred or paid at eny time by safd Mortgngee because snd/or fn the event of tlte fallurs ~n tt~e part ot the safd Mortga~or to duty, pmmptly and tully perforru, discharge, execute, etfect. complete. ~ complr v~~th and aDide Dy each and evrry the stlpulatlone, agreemenis. condiUon~ and covenante of eaid promis- G` sory note, end this mortRage, any or elther, and snid rnsb, charges and expen~s, each and every, ah~ll be fm- mediatdy Oue and payarle, whether or not there be not~ce, demand, attempt to collect or sult pending: and ths full amount ot each and every such pnvment ehell bear interent [rom the date Nereot untU pald at the rate ot " ten per centum per annum; ~nd all sald cuvt~, cha~es arW expen~e~ ~o lruurred or palQ, Logether wfth ~uch !n- tereit, ~hall bs sccured by the Uen of W~ mortgage. ~ j f ~wY eooK 191 9$3 ` ~ ; ; ~ - : _ ; - ~ _ _