HomeMy WebLinkAbout2597 ~--_r.
•L ,~-~'~Y--~ 19-71-
~ s---4~_~QQe.~--------- STUART, Fiorida-
; FOR VAWE RECEIVED, the undersi ned ~ointl and severall PROMISE TO PAY ro the order of._..__..
J~t~~1 BI~A~H ~~_,~~4!!~_~ln~i~4~;_..-----------------•---••••
- - - -
~ ~~~~~~....~~II~_~`SQV~~.~~Y.li. ~ OOLLA
- - - RS,
at ~b ~ -or such ather place as the holder
~ hereof may designate in writing, together with interest from date at the rate of T~lli__. per centum per annum on the
~ unpaid balance until maturity. The said principal and interest shall be due end payable V~_
l
~100•!0 • n?onth.td~ iir~t pym~at bCi.~*;? du@ one mrnrth fyra~? dat~. u~d ao~tu~ tor
M?ch nwotfi t4~ttrr m~til paid. Thi~ ~um d i1o0. ~0 ~aid ea~ch mooRh ~ iir~t 1»
cr~t~d t~o int~r~t and th~ r~m~ind~~r t~o th~ prln~ipal d thi~ oblisa~oo. Tlti~ no~i~ m~?
Pi'+P~ a W tln~~ wit~at! p~n~t~j?•
.S If d~l~ult b~ r~ad~ for JO d~w in M» o+rm~nt of ~nr tnshlhn~nt d p~nc~p~l or inter~st a~++y wr rMr~of. tAa who1~ ~uT Men r~ma~n~e,q
~np~~ d w~ f A ~t~~~s~ ? M I I ~ t A o l d~ r"~ ~ o n b e c o e n ~ d u~ x'd P+ Y+b~ witAo~r~ na~c~. f~~lvr~ ro•aMaa~ sucA option sAalt nof ~~~wa~vM of M~ •~9ht
.j •o •aMC~N Nr u~ ~n Mv ~wnt o1 a t d~1wl~. Af»r ~natw~y boM pri~c~pal and ~cawd ~~tw~+t shall E~ar inrer~st a~ ca+r„m p~r •nn~m
~nr~l p+~d. TM Tak~ra ~nd ~e~dorsws of Mis ~op fwtMr w~~v~ d~en~nd, na~c+ of ran~O+rT«+t and Woha~. If th~s non ~s no~ W~d ~t ~nawr~~y N,d rM urrw
pl~c~d w~rA ~n ~ttorn~tr for co~hction, tM nwkN~ w+d ~ndorNn I+wwf prM b O~Y ~11 coab ot ooli~ction, includin9 ~11 co~rt cwts snd rNSOnabM ~nan~v fks.
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and shall duly, promptly and fufly perform, discharge, ex~cutP, etfect, compiet~, ~romply K ~th and abide by each
" and e~en the sLpulauons, agreemrnis, conditio:is and ro~•enants uf s:ud prunus~ory' note and ot tlua mortgage,
then thi~ mortgage and the estate hereby crnated sh:tll cease and [,e null sna ~•o:~i_
y It ~s understood that each o[ the u~or3s. "note." "mortRagor" and "mortRx~ee" respectively and the pron- ~
~ ouns reterring thereto, whether in the sin~ilar or plural anyx•here in this mortgage, ahall be singulat if one only
~ and shall be plural jointly and se~•erally, ~f mure than one, and shall be ma.gculine, fem~nine 8r:d'or neuter, wher- ?
e~•er the context so implies ot admits.
And said 2?Sortgagor tor himsel[ an~ h~c heirs, legal repcesentatices, succe.~ors snd assign~, hereDy rnven-
ant~ ana agree~ to and ~+zth said I?torigagee, his legal reprrsentatives, succr~orw and as9igns:
~
1. To pay all and singular the pnncipal and intereat and the various and s:tndry sums ot money payable by
virtue of said promissory note, and thi~ mortgage, each and every, pmmpUy on the day9 respectively the same
- severaity become due.
- 2. To pay all and ~ingular the taxes, t~s~ses.~ments, le~•ies, liab~lities, obliRations and incumbrances of every
- neture and kind no~ on said descnbed property, and or that hereafter may be imposed, autfered, placed, levied
4 or assessed thereupon, and or that hereafter niay he Ir~•aed or ~s~~s.ge~i upon th~s mortgage and~or Lhe indebted-
" ness secured hereby, each and e~•en~, w•hen due and pa~•able accorci~ng to law, before they become deLnquent,
= and before an} interest attaches or any penally ?a Uicunrd; and ,n so far as xny themof is ot record the same
_ chall be promptly satisfied and ~lisi~har;;rd of reconi and the on~,~nal offlcial document (such a~, tor instance, i
LhP tax receipt or :he sst:~facLon paper off~c.atty en•ior:~~d or certifl~d~ shall be placed tn the ha~ds of said
~tortKagee x-ithin ten days nexi after ~ayment; and in the e~~ent that any thercof is not so paid, satis.?ed and
discharged, said atort~a~ee mat• at any l~me pay the s;tme or any part ther~~~l ~+~thout wai~ting or affecting
any ~ption, lien, equity or n~ht ur.d~~r ur by ~:r:;ir of th:, mart};a~~~, and the fuil artiount of each and e~•ery
suoh pay:nent shall be unmt~d~atel~ ~:ue an~i ;~ayr~h:e ~n~1 ~ha:! bear inter~~st from the c3xte ihereof until paid
- at the mte of ten per c.~nturn per annum and t~~reth••r a-ith ~urh intere~t shull be secured by the lien ut this
mortg3ge.
3. To Flace and cuntinuously ke~ p on the bu.ld;n::s nnw ar hereafter alt~ate on said Iand firr and windstorm
_
8 500 00
= Insurance ~n tAe u~ua! s[ardard p~~li~~~• fnm:, in a~~m n~~t less thar? ~ s. • in such com-
` pan~• .~r cuzrr--::.; ~s nia~- be appr~:~rd b~- >a:~l ~(:~r';;~;-~e: an1 atl -urh insuran~•e p~licies on any of 9rud build-
- ings, any intPrest there~n or part thereof, in the a::_r.•c:+!e sum aforP~a~d or in excess thereof, ahall coatain the
usual stan.lant mnrt,aneP ~lause mak~n~ t~:e t,"s u:.~:,•r a•ud [x>Lrirs, earh an.i e~•ery, pay~able to said 1ltortga-
~ee a~ his interFS; rr~a~~ anpear, ar:1 rach a~.~t r~•~~-c s~~+ h pnl~cy sh.tll be prnmpUy deli~•ered to and held by said
biorika~ee; and, nat less than ten days m a~i:an~~e ~t the ~x~~tratinn of each policV, to deliver to sxid btortRa~ee
`.=~i a renr:~~a1 thereof 2~~eether ~~•~th a rece~nt f+~r thN t~rPm~~~m nt ~~i~•h r~n~veal: an~i thPre shall be no such insur-
ancP pla.ed or. any ~f ~aid bu:l~}~n~s. nny ~nt~•re~t .hPr~~;n nr part therrof, unle~9 ~n the form and wfth the I~sa
- pa~-atle as a;ore~ai~l: am1 in the e~~f~nt ~n~~ sum ~f m~~r.ey be•i~nmc~s ~aVabl~ under such pollcy or policies sa~d
- 1in.*,~a~ee ;hait ha~~e the o, t;~~n to r.~re:~~N and an{~?~• t?~e ,am~• ~~n a~~~uunt ot the inclebtednes~ serure~l hereby or
to nPr:~:it a-,.d ~iort~a~~~r to r~ren•P an~i n~P ~t or an~• nart ther~~nf for oLher pur~oaes v?nthout thernby waiving
' or im~airin~; a~}• e~inty. lien or r:~ht ~mder nr by ~•irtue of t!~~o m.~r±ga~e; and in the e~'ent seid Mortgagor sFall
- !or ar~• n~;i;•~~ f»;? tn kPrn tFP ~a ~i pr•~m,a~~~ s~ +.n::.~r~.i ~~r fail to de1i~•er promptly nny o( said F+olicies ot
:ns:~r.~ncP !n s.ai•l ?.i~~-~ha~~e. ~~r fa31 rrumpti}• tn i~,~• f~illy an~~ pr~mium theref~~r, or ~n arey re~(sect ta? t~ per-
' forrn. ~i~~char€~. ex~ ~.•u;t~, rffc'rt. contFlF:r. ~um(~I~• '.~-~!h and ahi i~ hy thi' cu~•enant. or any part hereof, ~sid ltor!g-
- n~e~ n:ay plarr ar,~1 pa~• f~~r s~uh ~n+urance or :u;}• ~Ar! t?:~re~~f ~c~ihnui ~•a~~'~n~ or att~cting anV opti~n. liPn.
equity or r.~ht u~drr ~~r bc c,rtue u! th~s mnrts;a~;~. a~ ~1 th~~ fult :irttount ~~f each an~i every auch paym?nt shall +
be immedis?P1v ri+~+• nn•i pa~•able xnd c1;AII be~er ;nr~rP=t fmm the date therrot untll psid at the rate of ten ~er
~ centum per annum wr.d toKPth~r ~•~th auch interest shnll be aecured by the Len ot ihle moctgaRe.
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° 4. To permit, cnmrnct ~r at~fter no w~5;e. ~m~ a.rment or 6eterioration of ~ald property or any part thereot.
6. To pay nll and ain~ular the : osts, char~e~ and exF.~nses, inNudrnR reasonaDle law-yere tee~ and ce~t ot
: aDstract~ of t~tle, incurred ~r ~~ai,i at any time b~~ 91I(~ bt~rtRaFee becaux end ~or In the event of tht failure
= on the part of the said D1o~tK8?;n~ to d~~h•, pmn;n:l~~ and fully peKorm, dtecharKe, execute, effect, complete. °
= comply «~th and abide by each xnd everp Lhe sUpulationa, a~rPement~. ~ondittons end covennnta of a+aid promle- 's
- sory nate, and thi~ mortKa~e. +?ny or eithrr, nnd satd rr~qts, char~;es and exper?ser, each and every. ahall be im- ~
mediately due and psyable, w•hether ~r not there be notice, demand, attempt to collect or ault pen~iin~; and the
fu:! amount ot each and even• ~vcA pnyment shalt ber?r interest trom the date thereot untll pald at thP rate of ?
_ ten per centum per annum: and all aatd co.ta, cnarRes end eapenee~ xo ~ncurred or paid, together v~~fth such !n-
terest, ~hall De secured by the Iten of thfa mortgage.
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