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Home My WebLink About2316 Nl 62, 5~. ~ STUART, Florida . _~~ilR CHA~ O 71 • s-------------------------------- r~;a~~~-~: ~ ' Fp~~~~~y~Q~ the undersigned, jointiy and seve~ally, PROMISE TO PAY to the order of_____.__,_______________________________ ~ L~ !V _ ~ SIXTY TWO THQL_J$~ID_~'~u~~~i'~i~11L?REL?_JA~1D_.1~t011~...----------_--_--_--_--.-.oo~wRS, . . . . , i; a~ ___?45__Whittier_Roac~._.,C'~.~Q~~~.~o1n~_~1.c~ug~n-.--4~23Q--..------------or such other place as the holder ~ 2~ hereof may designate in writing, toyether with interest f~om date at the rate of 7_._._.____ per centum pe~ annum on the ( j unpaid balance until maturity. The said principal and inte~est shall be ~e and payable 1A S~X ~.11~1U~.1 ~ i installments as follows: In five equ annual ins lments af $9, 500. 00 principal ~ ~i~ and a sixth annual installment of $1 000. 00 incipal. Inte ~e ~t •Sh .Pallrior o January a.nnually. First annual payme one y from date he e 1' ' 1972 this note may be pre full ithout penalty or may be prepaid in part up to 29~c af the tota1 purchase rice wi out penalty. After January 1, 1972, it may be prepaid at such time and ' h a ts as maker desires, without penalty. t •j' Ia ....JO..._ d~1n in M~M~Y~~ of imhlMw~nt ef ainctp~l a inN.~a~ a MY w?~ ~hNwf. tM wlwb w~ Nrn n.w~ie:nq If delwlt b~ wuN ~j• oroud wiM? ~nNn~~ s1»II at holda'~ ~i b~con~ •nd wr~b wiMout no~ic~. F~ih,.~ M~¦~•c~w wd~ oorion ~1+~i1 nw c~ fih~N • wa~v~? ol av ~~9h~ fo ~¦«c+N N» +n N~ ~t ef ~ d~fwl~ Afnr nw boN~ vrinciwl ~nd ~cau~d Mt~r~at dull Ma innrN~ N__..1._.._. o~e cw~ w~ a~nww ~t. unh~ p~id. TM m~t~n ~nd ~ndw~sn ol tM no~~ fw~ w~iw noNt~ of ~WY~H w+d . If ~l+ta i~ nw t~hrrity ~nd M» wnr is ~ PI~ wiM M~ ~nKMY iM plNttiow. IM • M~i dMMn p~M t~ Y+1~ NI co~M N 1 oow/ nMOn~OM ~Ma~r i~u. '3 ~ ""'~SGI'~l~ iam . a on, us e ~ -_._...~__-------=------------csEn~~ ~ w_ ~Y..____._.._-•------------------..__(SEAI) ~ X ~ and ahall duly, prnmpUy and fully perform, diacharge, e~cecute, eftect, complet~, comply w~th and aDide by each and every the stipulations, agreementa, conditions and covenante of said promissory note and oi this mortgage. then this.mortgage and the estate hereby cnated ahall ceaee and be null ana void. It ia underatood that each of the words, "aote." "mortgagof' and "mottgagee" reapectively aad the oron- ouns referring thereto. whether in the singular or plural anywhere in this mortgage. ahall be aingular if one only and ~hall be plural joinUy and aeverally. it more than one, and shall be masculine, feminine and/or neuter._ wher- ever Lhe context eo impliea or admits. And aatd Mortgagor for himnelt and his heirs, legal npr~aentaUvea, succeseors and assigns. hereDy covea- ` anta sna agrees to and with eaid Mortgagee. hia legal repreaentative~, aucceseors and assigns: 1. To pay all and aingular the principal and Interest and the various and sundry sums of money paysble br virtue of aaid promisaory note. and thii mortgage. each and every. promptly oa tha dayi respectively the sam~ aeverally become due. 2. To pay ail aad singular the taxes, aseessa?ents. leviea, liabilitiea, obligations and incumbrances oi every nature and kind now on satd deacribed property, and/or thst hereaiter may be impwed, suffered. placed, levied or asaesaed thereapon, and/or that hereafter may be levied or assesaed upon this mortgage and!or tha indebted- ness secured hereby, each and every, w hen due end payable according to law. before they become delinquent, 'i and before any Interest attaches or any penulty is incurred; and in ao far aa any thereof ia ot record the same I ehall be pn~mptly satisfied and discharged of record and the original otficial document (auch as. for instance, ! Lhe tax receipt or the satisfaction paper officially endorsed or certifiedl ahall be placed in the hande of aaid ~ Mortgagee within ten days next after payment; and ln the event that any thereof is not so paid, eatisfied and ~ discharged, said Btortgagee may at any time pay the same or any part thereo[ iti~ithout wau~-ing or affecting f any opti~n, lien, equity or right under or by ~-irtue of this mortgage, and the full amount of each and every g such payment shall be immediately due and payable and shalt bear interest from the date thereot unUl paid ~ at the rste of ten per centum per annum and together with such interest ahall be aecured by the Iien of this moKgage. 3, To place and continuously keep on the buildinga now or hereatter situate on aaid land tlce and windstorm insurance in the ~~ual standard policy form. in a sum not less than i in euch com- ~ pany or comp^nies as may be approved by said Mortgagce; and sll such insumnce policie~ on any of said bufid- inga, any intereat therein or part thereof, in the aRgregate aum atorevaid or [n excess thereof, shall contnin the usual siandard mortgagee clause making the loss ur.der said policiea, each and every. payable to said biortga- gee as his interest may appear, and each and e~•ery suc•h policy ahaU be promptly delivered to and held by said 1liortgagee: and, not less than ten daya in ad~•an~e of the expiration ot euch policy, to deliver to snid Mortgagee a renewal thereof, together with a receipt for the premium ot auch renewal• and there shall be no such inaur- , ance placed on any of sald building~, any intereat therein or part thereoi, unles~ in the form and with the los~ payable ae atoresaid; and in the erent any aum of money becomea payable under auch poUcy or policies ssid MortRagee shall ha.e the option to recei~e and apply the same on sccount ot the indebtedneas aecured hereby or to permit said Mortgagor to receive and use it or any part thereot for other purpose~ without thenDy waiving ~ or impairing any equity. lien or rlght under or by virtue of thia mortgage: aad in the event asid Mortgagor shall ' u for any reason tail to keep the said premue~ ao insumd, or fail to deliver promptly any o[ 'aid policies of ~ in4urance to said ~tortgaRee, or fail promptfy to pay fully any pnmium therefor, or in any reapect tail to per- ~ form, diacharge, execute, eftec~ complete, comply with and abide by thls covenant, or any part hereof, said Mortg- ~ agee may place and pay for such in~urance or any part thereo[ without waiving or attecting any option, lien, equity or right under or by virtue of thie mortgage, and the ttill aqnount ot each and every such payment shall be Immedialely due and payable and ahall bear Int~rest from the date thereot unttl pafd st the nte ot tee per ~ centum per annum nnd together with euch intereat shall be secund Dy the llen ot thls mortgage. 4. To permlt, commlt or sutier no v~aate. Impairment or deterlonUon ot said proparty or any part thereot• 6. To pay sll aad eingular the costa, chargea and expenses, includtng nasonable lswyer'~ fees and co~t o! ~ abstracts ot title, lncurred or paid at any tlme by said l~tortgagce because and/or in the event ot the fatlur~ oa Lhe psrt ot the said Mortgagor to duly, promptly and fulir pertorm. dLcharBe. axecute, eKect, complets. : comply with and abide by each and every the stlpulaUons, a6teemenU, condftloru and oovenant~ of said promlr t sory note. and this mortgage, any or efther, aad sald costs. charge~ anA axpeiues. each and every. shall M Lnr t mediately due and paysble, whether or not thera be notice, demand. ~ttempt to oollect or ault pendinB: aad t2~ ; ttill amount of each and every such payment ahall bear /ntareat trom tM dab thereof until p~?d at We nte at ten per centum per aanwa: and all ~atd co~L. cbargea and ~zpea~w w incurnd or paid. W~ettkr w?It2~ sucb !a- i tere~~ ~ali bs ~ecured Dy the Wn of tAf~ mort~a~e. ; ~ a~i~ ~2`3~4 t _ _ ~:K~.. - ~ ~ i ~ - ~ ~