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HomeMy WebLinkAbout1350 . ~ t ' 1 { f } i---~~~QQ..D~..__._.. STUART, Florida, - ~ 19_ 71 FOR VALUE RKEIVED, ths undersi9ned, jointly and ~ve~slly, PROMISE TO PAY to the order of__________________.._____..__.__._..__._ g~...,.. y_.,-,,•_ .T1nrldiB`a~~t~ltu_ QIIt~orl~,lf~II--_-__._..~._.__..~___.. A[!{t ~?*t n -------------------~-1-~----_~-A----; '-"'Y~~~ ~ t~s~d~,-.i-i.~Q..JiYi{ii1:~ ~II[7 II~~1~ w ~ ~ ~ ~ ~ ~ ~ r. ~ w ~rWlLI1QS st -or such other place ss the holder hereof may d~siynaM In writtnp, topether with intere:t from dat~ at the ~ate of __,.__'L~.___ per cantum pe~ ennum on ths unpaid bal~nc~ unNl maturiy. The ssid princip~l and inbrest ~all be dw a~d paydble •iu rr ~o~tti, tlu tint p~~ra~o! b~inQ du~ on• boote :ro. ast. ana ooot~~u~ ~ar ~aah roath t~a~aitar aotil paid. 'lLiir rtu~ oi ~ill. ~lZ paid ~saA aontb seall lirst b~ oredito~ to lnt~re~t ood th~ ra~ainder to tb~ priaiei~al o! thi~ obli~atioo. Thi~ aoL~ ~rill b~ ca~pl~t~l~ paid •it6 1!0 aootbl~ q?~ota o! =11l.7~ unl~~,s ~ooner pr~paid. Thi~ oot• ~ay b~ pr~paid at aa~ tir~ ~ithont p~a~?lt~. e.bulr b. e+.e. to. _~~a.y~ ie Nn n.r~w» e1 «w +~saw..~+ o( p?+ndp.l o? L,hn.~ e. «~r ou+ nn..or. ~A. wlw1. .ww N~n r«e.Min~ ~id wi~A inNhal sMll N Ae1J~'~ an O~con~ dw Md phrapy witAqK naip. F~ilw~ a~a~rciN wd~ option ~MII ~01 opq ' a w~iv~r ei Me rpAt a~aaeiN Nr w~ in ~M ~wN of r d~fMrk. Atw ~w.iM AoMe prMdp~l and ~enwd inwrs~f ~M11 b»r in~w~.~ unM p~, 1A~ ~t~n ~nd ~nd~?wn ei tAis noN hrrtMr ww~w d~wid, wwlq ~f W? csnhwn oM «rwn~ ol~a~ wNh ~n aprn~y fN tolMNlo~. 11r w~kas Md u~darn Me~ol ~yeM M~~y~o4and WoNa. If Mb noN i~ nol p~id N Rrtih ~nd tM ia ~oM~etfw~, inehrdinY dl oowt twb ~nA r~a»bM ~tloeMy f~p. S ------.--cs~?u . Lt~n~aiirT~i~___..__~_--------------- ~ --------------------------------_.-----------csE~?~) dbo~ki __.~.___--------------------------------------(s~?~) and shall duly, promptly and fullq pertorm, discharge. execute, etfect, rnmplete, comply with and sbide by earh and e~~ery the atipulation~, agreementa, conditiona and covenants of aaid promissory note and of this mortgsge~ then this mortgage and the eatate hereby created ahal] ceaae and De null and void. It is underatood that each of the wonle, "note," "mortgagoY' and "mortgagee" reapectively and the pron- oun~ referring thereto. wheWer in the singular or plural anywhere in this mortgage. shall be singular it ona only and ahall be plural jointly and sevenlly. it more than one, and shall be mescuilne, feminine and/or neuter~ wher- ever the oontext eo implies or admita. Md ~aid Mortgagor tor h[maeli and hia heirs, legal representatives, successors and asslgns. hereby ooven- ~ snta ana sgree~ to and with eaid Mortgagee. his legal representatives. successora and aesigna• i. To psy a11 ewd aiagular the principai and intereat and the vsrious and eundry sume oi money psysble by , virtue of sald promiasory note, aud tLis mortgage, each end every~ pr+ompUy on Lhe days respactively tbe sam~ severally become dua Z. To pay all aad singiIIsr the taxes, aasessments, levies, IiaDtliUes. obligstions and incumbrances oi every nature and kind now on aaid described property, and/or that hereafter may be Imposed, euifered, placed, leviM or a,sseaaed thereupoa, and/or t6at hereafter may be levied or assesaed upon this mortgage and/or the indebted- ness secured henby, each and every, when due and payaDle acrnrding to law, be[ore they become delinquent, and Detore any interest attaches or any penalty is incurred; and in so far as any thereof is of record the aame ahall be ptumpUy satisfied snd discharged ot record and • the original official document (such as. for instance, ihe tax receipt or the satiafaction paper ofiicially endoreed or certItied) ahall be placed in the hands ot aaid Mortgagee within ten days next after payment; and in the event that any thereot is not so paid, aatisfied and discharged. aaid Mortgagee may at any time pay the same or any part thereot without waiving or affecting any option, iien, equity or right under or by ~iriae o! thi~ mortgage. and ihe full smo?u~t of each and every such payment ahall be immediately due and payable and shall bear interest from the date thereof unUl paid at the rate of ten per centurn per annum and together with such intereat shatl be secured by Lhe lien ot thl~ mortgage. 3• To place and continuoualy keep on the buildinga now or heteafter aituate on said land tire and windstorm inaurance in the usual standard policy form, in a sum not lese thsrt =...........bAX-j.n1WD•--••---•----•-•--....._, in euch com- pany or comp^nies as may be approved by aaid Morigagee: and al! euch Inaurance policiea on any o! aaid bulld- ings, any intere~t therein or part thereof, in the aggregate aum aforesaid or in exce~a thereof. ahsll contain ths usual atandard mortgsgee clauae making the )oa~ ur.der eaid policies, each and every, payable to aaid l~[ottga- gee as his intereat may appear, and each and every such policy ahall be promptly delivered to snd held by said Mortgagee; and, not les~ than ten days in ad~•ance of the expiration of each policy, to deltver to a+~id Mortgagee a renewal thereof, together with a receipt for the premium of auch renewal; and there ahall be no such inaur- ance placed on any of satd buildtng~, any interest therein or part thereof, unless in the torm and with the losa payable as aforesaid: and in the event any aum o! money becomes payable under such pollcy or pollciea said MortRagee ahall ha~•e the option to receive and apply the same on account ot the indebtedness secured hereby or to permit aaid Mortgagor to recetve and use it or any part thereot for other purposes wlthout Lhereby walvfng or impsiring any equfty, lien or rtght under or by vlrtue of thia mortgage; and In the event ssid Mortgagor shall ~ ~ for nny reason tai] to kcep the aald premiees so lnsured, or fsil to deltver pmmpUy any of aaid policies o! tnsurance to said Mortgaqee, or tai! promptly to pay fully any premium therefor, or in any tespect tail to per- form, diacharge, execute, eftect, complete, comply with and aDide by this covenant, or any part hereot. sald Mortg- agee may place and pay for euch ineurance or uny part thereot wlthout walving or affecting any opiion, 1len. equity or right under or by virtue of this mortgage, and the tull aq~ount ot each and every such payment Msll fie lmmediately due and psyable and shaU bear interest trom the date thereot untll paid at the rate of ten pee centeun per annum and together with ruch lnterest shall be secured by the Hen ot thi~ mortgage. 4. To permit, commlL or autter no waite. lmpalrmeni or deterlontion ot said property or any part thereol. 6. To pay all and aingulu the coat~. charges• end expenses. ~including reasonable lawyer'~ feea and cost o! abstracb ot tftle. fncuned or pafd, at any time by ~ald Mortgagee becauss snd/or in the event ot the faltur~ on the part ot the sald Mortgagor to duly, promptly and fully perlorm, dlacharge~ eaecwte, eKec~ completer oomply with and abide by each and ev~ry the stlpulatfons, aateements, condltlon~ and oovenanb oi s~id pmmi~- wrY note, and tldi mortgaga any or•elther, and safd coats~ charger and supenses e~ch and evary, shalt b~ !m- mediately due and paysble. wfiettrer or not Lhere be notice. demand, attempt to collect or sWt pending; and t2~ full amount of each and every ~uch payment ehall Deu iatarest irom ths d~te thereo! uat11 pald at the~rate ot ten p~r centum pet anrwm; and all ~atd cwb. chargea aad acpen~a~ ~o incutnd or pald, W~etA~r aftb sucL !A- terer~ ~h~11 Ds iecured br t1u U~a o! thL awrtga~e. 8aex 195 1348 4 _ _ - - ~ ~ ~ _ -