HomeMy WebLinkAbout1536 .
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! s ~~5~~~ STUl1RT, Florid~ y
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FOR VALUE AECEIYED. !h~ undenigaed, joiailY aed s~~~rallY. PROMISE 70 PlIY to th~ o:d s o!.
• .T~S~: A ;J1~'I r~~A!~il~
EL:~~'F.~! ?'!iOt~SAND~ FP/E Kiain°'~i? A`:~1 i~C~Op- .
_ _ ~ - - - ~ - ~ -DOLLbAS.
at a"7i$:.:~ I~rAC~~ ~L~~?'I1?A or such olh~r plae~ as !h~ hold~r .
hereot mar d~siya~t~ ia wrfiiny. !o~lA~r ~ritb int~res! irom d~t~ a! th~ rat~ ot 7~. p~r ctalum
balane~ until maturi! Tb~ said p~e aanum on ih~ unpaid ~
: r• prlneipal and inter~:! shall M du~ and paYRble f011,0~1rs!
136.52 a~-: •rit:;, t!~c ~'i: st payr~ent be? ng due one rionth 2'i~or~ date~ and continue each
~onth therea_ter ~ nt,l Y•~~id. Thia at:r: ef "13F.52 e~ch ~onth ahall firat be credited ~
to interes~ a~:: ±i.e :~er~ir.dQr to the ~rind~al ~P this obliPation. This nc~te !ns~y be ~
^re?naid at ar~y time !r~ th out Fenalty. "•~hi s-~cYte xi 1'_ ~+e corn,Iete~v nai d~ tt~ 120 :fi
~onthlv ~«rrts o~ "13~.52 unleae aooner nrenaid. x
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If del~ult be made /er d~r~ ia tA~ arw~at o( an1 installas~et o( priocipal or uutnst et ae~ art t?erNf, tA~ rAo': •ra tA~a rew~lalw~ ~
.~.+p~id r~tA iatere~~ •AJI ~t Aolder i eytioa eecome dw and wr~b4 wilseut ¦OLICl. F~~IY/r te etercis~ ~uc? optiow ~?d~ not ~ou~Utut~ a v~iv~r o( t~
~~~At te ~aenia~ t?e saw~ ia tAe •Y~RI of auAseau~n~ dcl~ult. A/te~ aaturitr 6otL priacip~l and accrvad i~ter~~t i6a11 le~r inten~t at
p.r anaum uatil oaid. Th~ ma~~ra anA ~sdonar~ e( t6is aote IurtA~r ~raive deaeand. aolice e! neo• Vt? c~ataa
R+~turitr and th~ ume ia vlac~ ~itL an ~tto?a~r for collectioa, t!e ma4er~ aad ~adonera \~ne1 a r
~em~~ i' ~e1~ u~ot pa IA at ~
<,,,t• ~ed ?euoaaWe ~ttoroe~ le~~. [ NT dl ce~ts o! collectien. i~cludi~t ~11 cou~l
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and ahall duly, promptly and fully prrform, di~charge, execute, etfeci, complet~, comply with and abide by each
and e~ery the st?pulations, agreements, condd~on~ and .ovenanta uf said prom~swry note and of this morigage.
then this mortgagc and the eatate hereby created shali cease and be nu11 anQ vocd
It ia under~tood that each ot the words, "note," "mortgago~' and "morcgagee" PtBpECCIYl~J/ tlld ~}IQ DTOA-
ouns re[erreng Lhereto. whether tn the singulsr or plural anywhere 1n this mortgage~ ahall be eingulat ft one only
and sha11 be plural jointly and severally, it more than one, and shall be maaculine, teminine ar~d/or neuter. wher-
e~e~ the context so impliea or admits.
Md ~aid Morcgagor for himaelt and hia t?eirs, legat representative~, succwors and auigas, hereby coven-
~nL~ ana agrees to and with said Mortgagee~ his legal reptr~entat~vea, succeasors and aa~igTU~:
l. To pay all and aingular the principal and intereat and the variow and eundry auma ot money psyable by
virtue ot said proirussor~r aote. and this mortgage, each snd every, prompUy on the days re.spec4vely the aame
aeverally become due.
2. To pay all and ~ingular the txxe~, dc~essments, levies, 3iabilitiea, obligation~ and incumbrances ot e~ery
nsture and k~nd now on ~d descnbed property, andlor that herea[cer may De impwed, auftered, placed, le~•~ed
or assessed thereupon, and%or that hereafter may be lev;eci or ~~sc~ssec3 upon this rnortgage and%or Lhe ~ndebted-
ness secured hereby, each and e~ery, when due and payab3e according to law, be[ore they become uelihquent~
nnd b~-fore any interest attAChea or any penalty ts lncurrcd; anJ ~n so far aa nny thereo[ t~ of record the same
sha11 be prvmpUy sat~sfied and discharged ot record and the on~nal otf~rial document (such as, [or i~utsnce,
the tax rece~pt or the aat?sfaction pape~ of:iciaily endorseu or rertihe:il ahall be plaeed tn the hand~ of said
~tortgagee v~~thin ten day~ next after payment; and in the eveni Lhat any thereof is not ~o paid, eati~fled and
d~scharged, sa~d 1?tortgagee may at any time pay the same or any part thereo[ v?~thout wai~ing or attecting
any opt~an, iien, equ~ty or nght under or bp ~irtur ot this mortgage, and Ne full amount of each and every
such payment ehall De immedistely due and psyaDle and sha11 bear interes[ trom the date thereof until paid
at the rate of ten per centurn per annum and together w~th such inteceat ahall be aecured by the llen of th~a
mortgage_
3. To plnce and continuoualy kerp on the Du~idinRa now or herea[Ler sftuate on said land tira and windstorm
insurance in the u.cual standard poli~y form, in a sum nM les~ than S......---.__. . , in such com-
pan} or comp^lies as may ix epprnred by sa:d ~tor:~;a~:.•e: and ail such in~urnnce ~olicie~ on eny of aA~d bwid-
~n~;~. any ~ntpre~t therein ar part thereof, in the n~;,rekate aum aforPZaid or ~n exce9s thereof, ahall contx~n the
usual s:xndard mort~agee clause mak~n~ lhe l~~ss ur.der 5a?d pol~cie~, each and e~ery, payabie to sa~d M~rtga-
gec :~s hia mterest may appear, and exch ~r<d P~~ery s:,~•h poAcy 9hail be promptly deli~ered to and held by sa~d
1?1ort~agee; a~d, not les~ than ten days in adrance of the eapuat:on of each policy, to deliver to sxid atortRa~ce
s renP~~•al thereof, toRether wfth a receipt for the prem~um o! vu~h renewnl: anci th~re aha!) be no such ~nsur•
an~e F~lared on an~ of sald bu~IdinR~, any ~nterest there~n or part thereof, unleaa in the form and with the los9
~a~•abie aa atoresaid: nnd ~n the e~ent an~ aum of money become~ payable under ~~tcb policy or polic~ea sa,d
bfortr~a~ee :+hali ha~'e the option to rece:~•e and appl:• the same on account of the indebtedness aecured hereby or
tc? fwrmit sa.d ~SortRaRor to recel~•P nn~1 use it or any pnri thereof for other purpo~es without theteDy w•a~~ing
or ~m, alnng an~ equity. lien or r.~ht ur.der or by ~•irtue of chis mnrtgaRe: and the eveni said SiortReRor ahaU
for any reas~a [n? to k~ep th~ said prem?se~ so in.ured, or fail to delt~er promptly any ot said pohcle~ ot
;nsuranc~ !0 53~d ~torl~aR~e, or fail promatiy to pay [ulty :.ny premium therefor, or in nny resprct [ail to per-
form, discharfie, ezccute, efteci, complet~. comp)y u~Lh and ebide by this co~enant, or an} part hercof, aa~d ~fortg-
sReP may place and ~ay tor auch in.urance or an~ part theren[ «•itnout v~a~~ing or atfecting any opt:on. li~n,
equity or nRht under or by ~~~rtue of this mortgage, and the fu;i amount of each and every auch paymen: ~hall
be immed~ately Aue end pa~•able nnd ahsll be6r ~nt•rest lrom the ~te thereof until paid at tne r~te ot ten pec ~
centum per annum end together wlth auch interest shall be aecured by the lien o[ thli mortgaqe.
4. To permlt, commit or aulter no wasie, impairment or deterlontion ot aald property or any psrt thereot.
6. To pay aA and slnRular the co~ts, charqes and expenx9, includ~ng re~onsDle law}er's feea and ccx+t of
nbatracta ot tiUe, incarred or psid at Rny time by eafd 3?t~rtgagee beceu~e end~or ln the event of the fsllurs
on the part uf the sald Mortgagor to duly, promptly aad ~ully periorm, discharge, racerite, efttct, complete.
comply w~ith and abide by each and every the sttFulations, agreemeats. condittons and oovenanb ot ea~d .Dmmis-
wry r~ote, and this mort~age, anp or elther, ar?d aafd co~ts, chargea and expenxs, eech ~nd every. ~hall be Im-
n;ed~ately due au~d payable, whethrr oc not there be not~ce, demand, sttempt W colkct or ault penfdng: and ths
!1W smount of each and every such payment 4hali bear tntarret trom the d~t~ tbsrao! unpl pald at the rate ot
tea per centum per ~rwum- and r11 aafd co~L, chargq aaQ s~[pa~ p tocu.-r~d or pa?~ tp~U~r wltb wclf fa• _
L~re+~ ~ba11 D~ Ncvred Dp tL~ Il~ oi tt?L mortgs~.
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