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Home My WebLink About2313 . , : _ 71 ~ y 5 3~v~ STUART, Flo~ida,~-t~~tM_~ttt~---!~!?----•------ 19._..-- -'ti ; - - FOR VAIUE RECEIVED, the undersigned, jointiy and severally, PROMISE TO PAY to the order of._...~~~}~.I.~Q~.'.T.~e. - - - - :.a.. _u~?T~'~.RFyt?~Ql~i------------------------ - - • - - .oounas, . z,•;: ' ~~uv~R~._~IGH.~:~_.~_ EE_.TI3..4US~N~ _~?~1D...N4 ~ .Of such other lace as the holder • at ~---~-~~---~1_~2'1.~~'i?~__~RQ~S~i..._G~'4 e ~ ~~i~h~ig~.?~_._.4~23Q_...._....._ P per centum per annum on the nereof may designate in writing, togethe ' h i er st from te at the ~ate of 7_.__.._ _ : vnpa~d balance until matu~ity. The said p~incipa and i ere shall be due and payable lri 31X 8t111U~ ~ ~:.zstallments as follows: In five equal ua installments of ~57, 000. 00 prin~p~l ~:.:ld a sixth annual instaliment af $9~3, . incipal• Interest shall be pay 'k ~~.rinua1~y. First annuaJ. PaYments due ne y from date hereof. Prior to .ianu~ry 1972, this note may be prepaid in full , ithout penalty or mJ y~~r PrePa97~n 1Part f u~ to 29~ic Qf the total purchase price without pena1ty. Afte Y~ :r~ay be prepaid at such times and in such amounts as ma.ker desires, without penalty. ~ 1~ ~1~vt~ e~ T.e~ fa . 30 e~r. cn N» wtr~t oi ~nY ~mtal4n«+t o( a~~c~p~l a inhna a~ny p~r~ eMnof, eM wlwt~ aww Nwn .MU~~~•w fi ci¦a H tM~u~~ i~n ~iM~~v~n ~ub~~a'.+~n~ d~ wf Idi.wAtnr ~n~,.~~»iy eo~ aMC~wi ~nd ~a~.wd~in»~~s~ ~ha~l ~bea~i nr~r~~ / ,hra o~ cM~iwn ~o« ~nn~„r~~ . u~~~~ pod. if» m~t~n ~nd Mdon~ ef N~i~ na~ fu~Niw wNw dMn~nd. nwie~ o{ ew?~YTMt M+d Wa~st. 11 Mi~ no?~ i~ ro~ p~id N w~aewity w~d N» w~ • • p~KN wiM M~Man~11 fM tNhttion. tl» M?NS ~w0 ~ndorMn Me~of pr» M O~Y ~11 to~b of ~o1Mt1ien. Me~ud~n9 ~11 eow/ tab ~nd ~~won~bM N~onwY ~M+ -~5~~~ ~ William H. Watson, As~ Trustee ~ ' .____.~.~__________________..._._...-------..__ts~i) . :i w_ ------_._~.._~-------------------------------------.(sEnl) .j and ahall duly, promptly and tully pertorm. dlscharge. execute, ef[ect, complet~, comply wtth and abide by e~ch and everv the stipulationa, agnements, cond~tione and covenants of sxid promissory note end of this mortgage. then thia mortgage and the estate hereby created aha3l cease and be null ancl vo~d. ~ It i~ underetood that each of the words, "note," '•mortgagoY' wnd "moRgagee" reapecUvely and the pron- ouna reterring thereto. whether in the aingular or plural anywhere In thls mortgage, ahall be aingular it one only and ahall be plural ~oinUy and severally, if more than one, and shall be masculine, feminine and/or neuter. wher- ever the oontext ao impliea or admita. Md ~ald Mortgagor for himeelf and Ms heirs, legsl repreaentatives, aucceswrs and asalgns, hereby ooven- ants ana agrees to and with said Mortgagee. hia legal repreaenta4ves, succeseors and asaigns: 1. To pay W and aingular the prfncipa! and intercst and the various and euadry aums o[ money psyable b~ ' virtue of said pmmiasory note. and this mortgage. each and every. promptly on the dsys respectively ihe sam~ severaUy become dua 2. To pay all and singular the txxes, asaeasments, levies, liabilities, obllgations and incumbrances ot everp nature and kind now on ssid dexribed property, and/or that hereafter may be imposed, suffered, placed, levied or assesaed thereupon, and/or ihat hereatter may be levied or assessed upon this mortgage and/or the indebted- ; ness secured hereby, each and every, when due and payable accorcling to law, betore Lhey become delinquent, and betore any intere~t attaches or any penalty is incurred: and in so tar as any thereo! is of record the ~ame E ahall be prompUy satisfied and discharged of record and the onRinal otf~cial document (such aa, for instance. ~ ihe tax receipt or the satiafaction paper olficially endorsed or certifiedl shall be placed !n the hands o[ said ~ Mortgagee within ten days next after payment; and in the event that any thereo[ ia not so paid, aatlstied and ~ discharged, aaid 1?tortgagee may at any time pay the same or any part thereof wlthout waiving or aftecting any option, lien, equity or right tindcr or b}• ~'irtuP o! this mortgage, and the full amount of each and every such payment ahall be immediately due and payabte and shall bear interest from the cfate thereof until patd at the rste of ten per centum per annum and togecher wzth such interest ahall be secured by the lien oi thi~ mortgage. S. To place and continuously keep on the bu,ldin~a now or hereafter eltuate on aaid land Bre and wtndstorm insurance in the u.QUal standaM policy form, in a aum not less than i- 1n such com- pany or comp^afes as may be approved by sai~t I?tort~afi~e: an~i all such insurnnce policies on any ot satd bulld- inga, any interest therein or part thereof, in the a~~reKate sum atonvaid or in excess theceof, ahall contein the uaual standard mortRagee clause makinq the l~~s~ ur.der sa~d policies, each and every, payable to aaid Mortga. gee as his interest may appear, and eACh and e~~ery su~•h poLcy ~hall be promptly delivered to and held by said biortgagee: and, not lesa than ten clays in ad.•an~e of the expiration of each pollcy, to dellver to aaid Mortgagee , a renewal thereof, ~oRether v?ith a receipt t~r thr premium ~f .n~h renewsl• and there shsll be no such insur- ance placed on any ot said buildinR~, any ~nterest therein or part thereot, unle.a9 in the form ead wlth the !wa papable as a[oresaid; anA in the e~•ent xny sum o[ maney becomes payable under ~~ech pollcy or policies sald Mortga~ee shall ha~•e the option to recei~e and apply the same on account oi the fndeDtedness secured hereby or to permit said MortRa(~or to mcei~e and uae ft or sny pnrt thereot for other purposes without tAereby wsiving or impairing anv equity. lien or riRht under or by ~irtue of this mortgage; and in the event eald Mortgagor shall :f for any reaso:? [ail to keep the said premieFS ao insumd, or fail to deliver prompUy sny ot awid policie,~ oi inburance to said Mortga}tee. or fail promptly to pay tully any premium theretor, or in any respect tail to per- ~ torm. d~scharRe, execute, effect, complete, comply w~th and abide by this covenant~ or any part hereot, said Mortg- ager may place and pav tor such in.urance or nny part thereof without walving or af[ecting ar?y option, lien, ` equity or riRht undrr er by ~~irtue of this mortRage, and the tuU amount of each and every ~uch payment ahall ~ be lmmedisteiy due anA pa~able and shall bear ~ntPrest trom the dete thereof untU paid at the rate ot ten per centum per annum nnd together with auch interest shall be eecured by the lien ot thls mortgage. 4. To permft, commit or auffer no Kaste, tmpalrmeat or deteriontton ot said property or any part thereot. 6. To psy aU and slnRulu the coets, charqes and expenses, including reaaonable lawyer~ fees and cast o! abstracts ot title, fncurred or paid at any ttme by aatd Mortgsgee because andior in the event oi the tallurs on the part of the said Mortga~or to duly, promptly and tWly perform, diicharge, e~[ecute, eKect. complete, comply wlth and abide by eacb and every the attpulaUoru, agreementa, condiUons and oovenant~ of said promis- wry note. and Wa mort~age, any or efther, and sald c~sts, charges and eupen~ea, eaeh and every, ahall be Im- mediately due and psyaDle, whether or not there be notice, demand, attempt to collect or ~ult pending: and th~ tull amount of each anA every sucA pavment ahall bear intereet trom the date thareof untll patd at the rste ot tea per centum pcr annum; and all eafd cwU, chargei and tspea~ ~o incurted or pai4, to~ether w+1tli suc6 Sa- teres~ ~ha!! bs ~ecured by the ifen of thli mortgage. ~ i e { BOGK 1~5 ~2311 ~ - ~ ~ - ~t~ ~ ~