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HomeMy WebLinkAbout2451 ~ao~- ~ I ~ , ,s 'l:t ~ f ~ STUART. Florida. r~: 11 ~ FaR VlILUE AECEIVED, th• unde~:iyeed. joinilp ~nd ss~~rallr. PROMISE TO PAY to th• ord~r of ~ ~:~tsn~ 4i U. 1~. i1Lia. ~a:: ana c~th S. l~ _lli~~ 4u_,'h:s u ife i. Q,~-~~Ct G'~ ~IQLI.SfI~,~~ •znci nol~,~J - ~ ~ " ~ DOLLAAS. .+t 1.~1~ ~:YE:~.. ?at, kart~ Zk ~yn~~ ~[1C1~TLa '~63J:: _ or tuch oiher place as the holder ~ereol m~~ d~tiqna!• in wtitiaq. toq~lh~r wilh int~r~si Irom dat• a! 1h~ rat• ot ~v per centum pet ~nnum on Ihe unpaid balanc~ until maturitT. Th~ said p~lacipal and int~r~t! shall M duc s~d payablo aa toUows: ~ ~ ~-~ya G;e in ten e u~1 ~nnual ;:::y ~n~ u. J~. ~:1 each, to~»t`te r u~ t?, nt~:~ s t ~n the ur, a:c :n.::.~. L~sisn::~:. fir::t cqy.i.ent ~~ue ~no :~ayat~~ on~ y.~Ar ~ iro~., dau: oi tn.s not: •,n.: .:a~.~ an,. ~:c'Y Y~p" t~~er~a:tsr unt.t tu!~? ; Ttiis .no:~t,~~~: :~A.y t,a ..n~,c: .n ~i• . iul: v.~ti»~~t ~:~:n~iq~ ~it~r ~ . : ~ a~nual ay ent h~:• ~~t . :i . ac.~ . ~ , : ~ 11 delault be m~d~ for d~r• ~n tAe Oar~ent of ~ar fw~tdl~seM o/ Orincip~l ot intereal or anY P~rt tA~r~ol. Ih~ .~'~~~1~ •um IAen rema~nie~ i ~ :~p.~d r~tA ~r.t.re.t •Aal) ~1 Aoldei• oylion 6ecom~ dw and oar•!b ~itAout woUCe. Fadur• to ea.ru+e suaA op~~on .Aali nm .o~~.t~~u~~ a ~~~ver of ~Ae .~~At ~n e~e~c~~e tAe ~uwe ie 1h• e~snt o( aub~eaueM Aelault. Alte~ sulu?ily Ao~A pnn:ipwl ~nd a.cru~d ~nt~.~~t +hrll 6ea. ~nt~~..~ ~t lv p.v ~rn~um , y~. •nm~m unUl pa~d. T6e maYen ~ad eedo~~e~• ol tAi• note (ut1M? wi~~ dem~nd, noUCe e/ noe~p~ym~nt and prule~~. 11 Ih~. n..t• not pa~d •1 ~.'~t~ir~tr ~nd 1\• •~m~ i• Pl+~ed a~tA ~n attoroer lor tol~eclion. tA~ ~ak~rs •nd endor~t~f her~ol •~~e~ lu par all <u~f• ul cullecl~un. ~n•ludin~ all auurl ~ o.es •nA re~~on~bl~ at~orwe> lee• t ~ ~ ~ 1 ~ 1 ~ ~c_ , l.' ` ( I ~ ~ r T ISEAL) ~ l.7'-'~i"~,` l~ . -'c - ~ ISEAL~ ` ~ - r ~ ` ~ 3; 4 > I~ I`,l_ ~r;•1~'! Fi { 1[ 'F ~ . (SEALI { ~ . 1,. . : ....•1: ~ 1 ~ z t ~ ~ ~ ~ and ahxll duly, promptly and fully pertorm, d~scharge, ex~cutP, e/fert; coniplet~, compty with and abide Dy each ~ and e~~erv the sUpu:ations, agreements, conddions and covenar~ts of sajd pronuseury note and ot thia mortgage, ~ then tltia mortgage and the estate hereby created shaU cease xnd be null ana ~~o~d. } It understood that each of the wor~s, "note." "mortRagor" nnd "mortRaRee" respecti~•ely and the pron- } oun~ refernng thereto, whether in the sin~ilar or plural an}~+vhere In thla mortgage, ehall be a~ngular if one only and shall be plural jointly end severally, it mure than ane, and sh:ali be mavculine, feminine and; or neuter, wher- ever the context ao implies or acimits. And sald Mortgagor for himeelt and his heira. legal representati~es, successora and assign~. hereby rnven- ant~ ana agrera to and with ea3d Alortgagee, his legal reprrsentatGVes, succrssors and assigns: ~ 1. To pay W and singular the principal and internat and the various and ~undry auma ot money payable by virtue ot said promissory note, and this mortgage, each and every, promptly on Lhe daya respectively the same ! ee~•eraily Decome due. ~ ~ 2. To pay all and singular the tsuces, esses.cments, le~?es, liaDilities, obliRations and incumbrances of eeery ~ ~ nature and kind now on said descnbed pmperty, and-or that hereafter may be imposed, suffered, placed, levied ? ~ or assessed thenupon, andlor that hereafter niay be tev~ed or ass<~c9ed upon this mortgage and!or the indebted- # E ness secured hereby, each and e~•ery, ~+•hen due and payable accordinR to taw, be[ore they become delinquent, end before any interest attaches or anp penalty is mcurred; and m so far a~ any thereof is o[ record ihe same ahall be prvmpUy satisfied and d~scharged ot record nnd the onR?nal otf~cial document (auch as, for instance, ihe tax receipt or the satistaction paper ofhciaily emior~d or certi[ied? shall be placed in the hands ot said ; ~ ~tortgagee w-ithin ten days next after payment: and in the event that any thereo[ is not so paid, satisfied and f ~ discharged, said atortga~ee may at any time pay the s:?me or any part thereM w-ithout wai~~ng or af[ecting ; an) opL?~n, lien, equiL~ or nght und~r or b~ ~~irtuP of thts mortgaRe, xnd the full amount of each and every ~ auch payment shall be immediately due and payabte and shall benr intcrest from the date thereof until paid ~ at the rate of ten per centurn per annum xnd G~~eth~r R1LI1 such interest shall be secured by the lien ot this ~ mortgaga ° ~ 3. To place and cont~nuously~ keep on !he build~n~;s now or hereafter aituate on said land fire and windstorm ~ ~ Maximum ` ~ lnsurnnre in the u.cual standard ~licy form, in a sum n~t less thnn i . 1n such com- ~ pany or comp^:~ics as ma~ be appro~•ed by sai~i I?iur:};at~~e: an~i all siu~h insurnnce policies on anv ot ~+ud bu~ld- ~ ing~, any intprest therein or part thereof, in the a~gr~~ate sum s[orPVaid or in excess thereof, ahall contain the ~ usua] standard mnrt~agee clause makin~ lhe I;~.s ucdrr s:t~d pol~cies, earh and e~~ery, payable to said Aiortga- ~ gee as his ?nterest may appear, an~i each ar.d e~•e; su~ h p~~Gcy ahall be prnmpily deli~•ered to and held by said Aiortgagee; and, not less than ten days in ad~am~e of [he Pxp~ration of each policy, to deliver to said MortgaRee ~ a reneu•al thereuf, to~;ether K'iLZI a rece~pt t~r thr prPm~um ~f an~•h r~newal: and thPre sha11 be no such insur- ~~~s ance plared on an~ ot aaid bwldinRs, ru~y ~nterest ihPrein or pert thereof, unlea9 in the torm and with the l~s _ pa~•able as dfaresaid: and in the e~•Pnt any sum of money becomes pnyable under such policy or po?icies said ~ ~tortKAK~e sha11 ha~•e the opti~~n to recei~•e and appl~ the sam~ on account of the indebtedne~t secured hereby or - ~ to permit sa:d ~tortQaRor to rP~ei~~P and use it or any pArt thercot for other purpose~ without thereby wai~~ing or impalring an~ eqUity. lien or rRht under or by ~•~rtue of this mortgnRe: and in the e~ent said Mortgegor ~hall ~ for an~ reasni f~ii to kePp the ~ai~i pn~mi~~•s sn in~ur~d. or fail to dellver promptly any ot said poficie~ of insurancr to sa~d ~1nrt~a~Fe, or ftul promptip to p~y f~~lly :?ny premium therefor, oc ~n any reapect fail to per- form. discharRe, ex~rute, Nffect, cortipl~te, cumply w~th and abiSe by this ~uvenani, or any part here.if, said \t~rtg- agee may plare and pa~ for such in~urance or xny part thereof withnut k•ai~•in~ or affecting any opti~n, li~n. - equity or r.Rht u~der or b}• ~•~rtue uf this mort~aKF, an.l the full amoi~nt of each and every euch payment shall be immediattiy due and pa~'able nnd she{1 beer ~ntore~t from the date thercot untU paid at the rate ot ten per centum per annum nnd to~ether with such Intere~t shall be aecured by the lien of this mortga~e. ~ 4. To permlt, commit or autfer no o?estq im~airment or deteriorntion ot sald property or any part thereot. ~ - 6. To pay aU and ainRular the costa, char~e~ and expenses, includinR reasonable lwvvyer's fees and co~t ~f ~ ab~tracta ot tiUe, lncurre~i or paid at any time by sald Mortgd~ee becaux and'or in the event of the fsliurs on the part ot the sald MortgaRor to daly, promptly and fully perform, dlscharRe, execute, effect, complete, comply w~th and abide by each and every the stipulationa, agreements. condiUons and covenanta of said pmmis- sory note, snd thi~ mortKaRe, any or elther, ~?nd +atd costs, charges and expenaea, each and every, ahall De Im- ~ mediatdy due and papaDle, whether or not the~e be notice, d~mand, att~mpt to collect or sutt pendin~: and ths # ~ !Wl amount of each an~1 every snch p~}~nent ahsll bear ~ntereat from the dats thereot untll pald at th~ rste ot ten per centum per annum: and ali eald ca+te, chnrges aod expeneos w lncurnd or pald, together with such 1n- tere~t~ ~hall be ~ecvred by the lfea ot Ws mortgsge. : _ ~ - i91 2446 £ i ~ :x ~ - ~ _ - ~N~ ~z_._ ~ , - . ~ ~ _