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HomeMy WebLinkAbout1372 . ~ sTjQQQ.QQ.._....._ STUART, Florida. . _ _ _ 17~__ FOR VAWE RECEIVE~, the undersigned, jointly and severally, PROMISE TO PAY to Ihe orc!er of._._._. ---------Q~~'Q~a_11~C,~---------- - . . ..+~....~..-•~--~~lir~.._i~_.~~._«...~..~......~..~....---.._----- ~ - DOIIARS, - at _._____.._Za..Qa.__~~!!_-~-~t--~~1'5~---~ill~-----~~~ o~ such other place as the holder Z hereof may designate in writing, together with inte~est from date at the rate of per centum per annum on the ~ u~~paid balsnce until m~turiy. The said prindpel and interest shali be due and payable i~ 1N ~{f~i ~~~w~?1 i~rtall~~t~ O! ~i~iiQ.00 t?oe ~oM tl) llai?~ a~w~l loslt~LNS! ot ig~i~.00. Aoas~i la~wt ~ill D~ psi~ ~itb ~o~ ~wrl ~,y~~t. ~'M tir~! ~?~st sill M aa oN tl) trM dab MsMt. 'l1i~ iwt~ ~y b~ pr~p~i~ at Wtir .itiwt t~. ~ 11 d~i~ult be for I~ d~w in t1y wy~n~ of ~nr ins~~l4e~nt ot w:nc~p~l w~n?Nqt w~nv w? ~h~rwf~ wl+ob sww ~Aen ~~ns~n.rq ~~oa~d w~M ~nr~.~s~ aMll H Aoldw's op ~~oa bco.n~ dw anA wr+bM wiMou/ nain. i~:b.~ a•aMUS~ avM opnon sMll ro~ ~Nb • w~~vM ol M~ r,9M ~ ro ~ierus~ ~M a~ ~~M e~+nt of ~vb+~a~? d~fwH. Afeer inarxity EoM+ pinc~p~l ~nd ~cwwd in~a~st sMtl O~a~ ~~re.~u at pH cmru~n w. a.vw~ ~ ~md p+.d. if~t ~kr~ ~nd «das~rs of Mis not~ iwNw wa~w d«nrd, nw~c+ of non-payin~nt and proMa4 If nor~ ~s no~ vtid N rnanK~r~ ~ MN sa~ i~ pl~c~d w~~A ~n ~?wrnM !o~ co~Nct.on. th~ nwlera and ~ndorNn lwwf pr« b V~Y dl cwt~ d oolMd~a4 iocl~d~np Nt ca,r~ caah a~d rea~on~bb anorn~y fNa. ~tllOO d. Ptl~Or - - (SEAI) ~p<---------------------------------------._ _ (SEAI) C _~r..~.. T . - (sEnt) . ~ and shall du?y, promptly and fully per[orm, discharge, execute, ef[ect, complete, comply w:th and abide by esch ; and every 2he stipulauon9, ~agreements, ronddio:~s ard covenants of said prom~ssury note and ot this mortgage. then th~s mortgage and the estate hereby created sh:ill cease and be null and :~oid. It ~a understoai that each of the wonls. "note." "mortgagor" and "moctRagee" respeciirely and the oron- oun~ rnferring thereto, whether in the singular or plural anywhere in thfs mortgage, shall be 9ingular ff one only and shall be plural jointly and se~•erally, if mure than o~e, ar.d shall be masculine, feminine and,~or neuter. wher- e~•e~ the context so implies or admits. Md said Mortgagor for himself and his heirs, legal tepresentati~es, successors and auigns, hereby coven- , ants ana agrees to and w-ith said ~fortgagee, his legal representatives, successors and assigns: ! 1. To pay all and singular ihe principal and interest and the variou9 and sundry sums of money payable by 4 virtue ot ~aid proirussory noLe, and thi~ mortgage. each and every, prompUy on the days respectively the same ~ se~-eratly become due. f 2. To pay all and ~ingular the Gvices, ~ssessmenis. levies, liabilities, obligations and incumbrance~ of erery nature and kind now on said descnbed property, and; or thai hereatier may be imposed, suffered, placed, le~tied ~ or assessed thereupon, and; or that hereafter may be le~ ied or assessed upon this mortgage and-'or the indebted- ne~c secured hereby, each and e~er~, w•hen due and payable according to law, before they become dclinquent, j and before am interest attaches or any pens?lty is incuned: and in so far a9 any thereof is ot record ihe same ~ shall be prompily satisfied and ciischarged of record and the onRinal of[icial ~locument (~uch as, for instance, ~ ~ L.he tax receipt or :he satisfaction paper of[icially en~iorsed or certi[ied~ shall be placed in the hands of said ' ~ ~iortgagee v?~thin ten days next after payment; and in the event that any thereof is not so paid, satisfied and discharged, said ~lortgagee may at any time pay the same or an~ part thereof uithout v~•ai~ing or aftecting ar.~ uption. l~en. equit~ or right under or b}• ~•iriuP of tti~s mort~age, and the full amount o! each and e~ery such pa~ment shall be immediatPly due and payabie and shall bear interest from the clate th!~!~!+! ~~ntil naid at the rate of ten per centurn per annum and to~eth~r w~ih such interest shall be secured by the lien of thia mortgage. 3. To place and continuously kePp on the bu~l6in~s now or hematter aituate on said land fire and windstorm insuraree in the ti~ual standard polic~ form. in a sum not less than t maXlmum in such com- pany or comp~ ~ic•s as may be appro~•ed by sa~d ~Sort};a~re: dnd flll su~•h insurance policies on any of srud build- ing~: any intrrest therein or paK thereof, in the a~~rekate sum aforvsaid or in excess thereof, shall contain the usuai siandard mnrt~;agee clausv makinR the I~~~s ur..irr sa:3 Fa:ic:rs. °~rh and e~er~, na}-able to said 1?1~~rtga- ~ gee a~ his interrs: may appear, and each a:d e~•e:y su~~h ~x~l~cy ahall be promptly deli~ered to and held by said . ~fortRagee: and, not less than ten days in ad~an~~e of the expiration of each polic~, to deli~er IO SRtI~ :~IAiI~BgPA i ~ a rene•.sal there~C. toqether ~ith a receipt f~r thP premium nf ~n~•h rPnewal: and thrre ~hall bc no such insur- anrP placed on any of ~aid buildinR~, any ~nterrst iherein or part thereof, unlz~ in the form and azth the loss parah:r as aforesai~l: an~1 in the e~•Pnt any sum of mane~ become~ payable under sttch pol'cy or poiicies said :V(nr:~a~ee shall ha~~e the ~pti~m to recei~~e and applv the ~mr ~?n account of the indebtedne~ secvrect hereby or ~ i~ Fwrrr:it s~.:d ~iort~s£nr to rP~ei~•e an~i ti~e :t or any pRrt ther~ot for other purposea vvithout thereb~ ~?ai~-ing - or ~mpainng an~• Pquity. :ien ~r n~;ht under .~r by rirtue of Lhis mortgaRe: and in the e~'ent said ~tortgegi~r shall `f for ar.r rPa~~:e fai! tn kF~p thP ~a:~l pr~~mis~~s s~ insur~d. or [ail to delf~•er promptlt em• of said polic~es ot ~ ~nsur3nrP to sa.~: 11nrt~a~F•r, or ttul pmm,ntlv to pat fully any premi~~m therefor, or ~n any rc~pect fafl to per- ! ~ fonn. d~4char~P, ex~~•ute, r:fect, complete, comply ~a•ith and ab~~le b~ thi~ co~•enant, or an~ part hereof, aeid ~tortg- ' a~eP rr,ay pla~•F anA ;~ap for sctc•h in~urance or xny part there~~! w~thotit v~•ai~'ing or at(ectin~ any opiion. 3i~n, ' ~ ry,;:;, 1•crtue of thls ~nortKa~e, anJ th~• (ull lrrount of each anA every auch payment .haU be imaicdiately duP arni pa~•aDle and shall bear :nt~rest trom the date therPOt untU psid at the rate of ten per ~ crntum ~r annum and toRether with ruch fnterest ~hall be aecurcd by the lien ot this mortgaRe. ~ 4. To permft, commit or sut[er no Keste, impairment or detertontion ot sald property or nny part thereof. ~ ~ 6. To pay all and alnRular the co~ts, charRea nnd exper.ara, includ~ng rrasonaDle lav~~yers tees and cwt ot ~ aDstracta ot tiUe, fnrurred nr paid at any tlme by aafd M~~rtgeRee becsiue and~or in tha event o! the fafturs ~ on the part ot the sald MortqaKor to duly, promptly snd Nlly pertorm, dlicnarRe, e~[ecute, etfect, complete. comply n-ith and se~ae by each and ev~ry the atfpulatlons, agrcementi. ~ondiUons and covennnL of sud pmmia- ~ Mry note, and thls mortgage, any or dtb~r, anA rx1A ~o3ta, chsrges and e:pensea, each ar.d every. sh~ii l,e in:- ~ mMiately Aue nnd payable, wheth~r or not thero be not~ce, demend, att~mpt to collect or sult {+ending; and th~ full smount of ench anA every such psyment shnll t?ear lnterart trom the dats Lhereot untll pald ~t th~ nte at ten per centum per annum: anA ali ia1A couti, chRrRei ~nA expen~ ~0 lncurred or pald. togeth~~ wtth auch 1n- ~ terat, ~ha1f bs ~ecured by ths llen ot Wi mortgage- ~ ~ ~ g~~,}r k ly4 2372 ~ p~ ~ _ . . . . . . . . . . . . . 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