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Home My WebLink About1342 • - ~--~t~+OQ_------ STUART, Florida, 19--~1 . FOR VALUE RKEIVED, ths unde~ii9ned, jointly and severally, PROMISE TO PAY to ths arde~ of___.__._._____ ~ .COiC~L'aL~.WI-_____.___.~._.__.__._---------------------------------- __s __~R_aa_ae._a~.~._ae_.s_.~a_.ae_..e..ar_...DOIIARS, et --:----------------------------------~--or auck othar plxe as the hotder hereof may desi~nate in wriNn~, to~ether with i~terosf from dste at the rate of _._._f~.____ per centum per annum on the unpaid balance unti! mat~rity. The said p~i~cipel and IntKest shall bs due and payabie =I1l.77' s~oai~~ lir~t p~~ws! b~le~ dw ee~ ~ooti lr~a~ dat~~ ~ad ooatinw ~or ~ao6 aoeth tt~reatt~r uettil p~id. ?hi~ ~ur o~ =I1Y.77 p~id ~Mad ~oetb shsil lirot bt esydit~d to i~t~sra~;: nd t!~ r~aiad~r to t~ priooipsl ot tbi• ob~li~ation. Tdi~ not~ ~111`~ oorDl~t~l~ ~a~d ~ith ~ 1f0 ~atbl~ pa~nt~ ot ~11~.7q anl~ ~ooa~r pr~p~id. shi• aot~ b~ pr~p~id •t to,~ tia Ktliout p~a~?lt~. li detwh b~ n+~ ta day~ in tlr o+Y~~ ef ~ny MiWN~nt of 0?~~f?al a inlwKt a+ntr oa~ Nwwf. N» whel~ sww N~? ~~iniiq ~ti+wid witA ieNrKt ~MII ~t ~ tion ~oo~ dw ~nd ay~b wiMaA sWkw hilut~ b~:wtiN sutA oPlian shall not tuN • w~ivM of ~1» ripM ro~aNCiN /M in Ny ~~r~M ef ~wnt d~Iwlt. Afw ~IwNY 4oN~ pMtip~i and ~otewd inNeMt ~MII b~w inNntt N p~? c~n~wn ar~'jltnuin ~n~it ' 1M ~w~t~n ~nd ~ndonws o1 1AIS eoN iwMa w~iw d~n+r~d. solio~ non.ayw~n/ ~nd P~t. N tAh noN 7~ no1 M~w~Nwifp ~nd 1M ~any b p! wiM~ M~tbrnN fa oolNtliay IM w~rs Mid w~do~MR AN~of MeM N~~y aN ooaa bf ooli~aip~, M~dv~ ~N t~owt oab ~ n~on~bN Manwy h~. ~ _---_----------------~5~1~~ uu~: ~alubanti ~ ' - ~ ____________________-------------cs~?~) .-------------------------------~-----(SEn~~ and ahal! duly, prompUy and fully pertorm, diacharge. execute, effect, completP, comply wfth and abide by eacL and every the siipulations. agreements, conditions and covenaate of said protcusiory note and of this mortgage. then thi~ mortgage and the eatate hereby created ahaU ceaee and be nul] and vold. It i~ underetood that each of the worda, "aote," "mortgagor" and "mortgagee" respectlvely and the pron- ouna referring theretq whether in the singuler or plural anywhere in t.his mortgage, ehsll be atngular 1f one only and ahall be plural jointly aad eeverally. i! more than one, and shall be meaculIne. feminine ar?d/or neuter. wher~ ever the context ao impliea or admits. Md said Murtgagor tor himseU and his heire, legal representatives. succe.,sora and asaigns, henby coven- ~nta ano agc~ee~ to aad with said Mortgagee, hia legal representatives. successora and sssigns: ~ 1. To psy all and eingular the princfpal and interest and the vartow and sundry sums ot money payable b~ ~ virtue of said promiasory note, and t6is morigage. esch and every, pmmpUy on the days nspacf3vely the sam~ ` severally Lecome due. . ~ 2. To pay all aad stngular the taxea, ds9essmenta, levies, liabilities, obllgatloas and incumbrnnces oi every natute and kind now on sald described property, and/or thst hereafter may be impwed. suffered. placed~ levied s or assessed thereupon, and/or that hareatter may be levied or assessed upon this mortgage and/or the indebted- ; ness secured hereby, e~?ch and every. when due and payable according to law. before they become delinquent, and before any interest attaches or any penalty is incurred; and in ao far aa any Lhereof ia o! record the aems ahall be promptly sat.isfied and discharged of record and the original oft?cial document (such as, for instance, :he tax receipt or the satisfaction paper officially endorsed or certified) ahall be placed !n the hande of said Mortgagee withia ten days next after payment; and in the event that. any'thereof ia not eo paid, satiafied and discharged. said lriortgagee mey at any Lime pay the aame or any part thereof aKthout waiving or afiecting any option, lien, equity or right under or by ~•irtue ot this mortgage, and the fuU amount oi each and every such payment ahall be immediately du~-and payable and shall bear intereat from the date thereot untll paid at the rate of ten per centum per annum and together with such interest ehatl be aecured by the lien ot thL mortgage. S. To plnce and continuously keep on the bui)dinga now or hereatter aituate on sald land fire and windstorm insurance in the usual standaM poticy [orm, in a sum not tesa tt+ar~ i-..-.--.---b$xi~1?tt~? fn auch com- ' _ pany or compsnies as may be approved by said Mortgagee; and all such inaurance policiea on any of aald build- inga, any interest therein or part thereot, !n the aggregate sum atoresaid or in excess thereof. ahall contatn the usual standard mortgagee clause making the lass under said po2icfes, each and every. payable to said l+Iortga?- ~ gee aa hia interest may appear, and each and every such policy ahall be pmmptly dellvered to and held by esid Mortgagee; and, not les~ than ten daya in ad~~ance of the expiration of each poticy. to deliver to aald Mortgagee tt renewal thereot, together with a receipt ior the premium of such renewal; and there ahall be no such inaur- ' ence placed on au~y of said buildinga, aay interest therein or part thereol, unless in the fortn and with the loas payable ae aforesafd; and in the event any aum o[ money becomes payable undet auch pollcy or poUcies said l+tortgagee shall ha~ e the optlon to receive and appty the same on account oi the indeDtedneas aecured henby or to permit aaid Mortgagor to recelve and use it or any part the~eot for other purposes without thenby wsiving or impairing any equlty, Uen or rigbt under or try virtue of thie mortgage: and in the event ssid Mortgagor shall ~ tor any reason tai! to keep the said premiees ao l~sured, or faU to dellver pmmptly any ot said pollciea of fnaurance to said Mortgagee, or lafl prompily to pay tully any premium therefor. or in any respect tail to per- i torm, diacharge, execute, etiect, complete, comply with and abfde by ihis covenant, or e~ny part hereof, said MoMg- i agee may place and pay for auch inaurance or any part thereof without walving or atteeUng any option, Ilen, equity or right under or by virtue of thle mortgage, and the full amount of each and every auch psyment ahall be immediately due and payable and ahall bear intereat fYOm the date thereof untq paid at the rate o[ ten per centum per annum and together with such inienat shall be secured by tt~e Hen oi thfi tnottgage. 4. To permit, commlt or suffer no waste, Impairment or deterloraUon ot eald property oe any part thereot. ~ 6. To paq all md singutar the coats. chargea and expenaes, including reasonable lawye~~ feea and co~t ot --s abetracta o! UUe, lncurred or pald at any tlme by sald Mortgagee because snd/or !n the event of ths fdlurs on the part of Lhe said blortgagor to duly, promptly aad tWly perform, dbcharge. ezecute. ettect. completq, oomplp a~ith aruf ablde by eacb and every the stlpulattau~ agreements, conditlon~ and oovenant~ of said pmmla- aory note. and thf~ mortgage. any or either. and eafd costs, cl~argea a,ud espeiuea. each and every, ~hatl bs lm- medlately due and paysbte, whether or not thece be noti~e. demanQ aLtempt to callect or ~uft pending: ~nd tAs iull amount ot each and every ruch payment shsll bear interest lrorn ths dab tbsseof uatll pald at the rate ot ten per centum per anuum: and all eafd eo~ta, charge~ aad ~pensM w lacurrsd or patQ. to~et~r wftb aucb in- ter+at, ~halt Ds ~scured br tb~ llen o! thL morigaga. . ~ dooK195 ~~i34G ~ - ~ ~ - ~ _ _