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Home My WebLink About1062 ~ ~ ooo.oo. • S__1r-s.----- - STUART, Florida. ---~Oer.tbe2'----------------------- 19--~- ~ FOR VAWE RKEIVED the undersigned jointly and severally, PROMISE TO PAY to the order of._________._ JEttS~! IIEACti ~A*TKi_ a_ Flori~a banlcir~_ co_ r~oration----------------------------------------------------- _Five ~~uaand and no~100----------. - - - - - - - - - - - ~ - - - - _ - _ - - - - - ~ - D0 - - ~ - ~r at __Je?1~et~ _Be~~hi-F~qP1d~- ~ w~{s~y 1~_~ L_ l-IJ__ _ . . . - _ . :.~s... : ~ ~:ria~c a5 i:~c ~+u+tiii~ hereof may designate in writing, together with interest from date at the rate of _ per centum per annum o~ the unpaid balance until maturity. The said principal and interest shall be due and payable as fOllOlts! ~`'156.69 a rnnth~ tha firat r,~qvment being due ons inonth from date~ and cor~timie ior eaoh month thereafter until paid. Thie eum o! 4156.b9 paid saah r~onth ahall first be credited t,o imereat and ths remnindsr to the psincipal of thde obligation. Z'hia note xill be oor~pletely paid rrith 36 ranthly payzaenta ot ~'156.69 unleaa aooner ~ prepaid. Thia note ma~y be pret~aid at a~? tiine aithout nenalty. ~ If delsuh b~ m~d~ ta ~O days in N» parrn~nr oI ~nY inaqlhn~n~ ef pinc:p~l a inNr~st w anY pue thawf, M» whot~ swn M~e, ~~,ry;n;np ~nQa~d w~rA ~nNrH1 aMll Aolder'~ op ~ion p~co.M dw ~nd p~Y~pl~ witApyt naic~. failw~ tp ~sNCiN sucA opr~on ~Aatl not ~n st~?~ee a wa~wr ot tM .~qAf •,o eaMUS~ tM s~me ~n rA~ ~vrM of avesp:Mn~ d~favu. Ah~r en~nxi?y poM princ~p~l ~nd ~arwd intK~st aMll Mar im~rMr n V ~j ~n~~i pa~d. iM ~nak~rs ~nd ~ndwaKa of Mis not~ (~rtMr w~~v~ dwnand, notic~ of P~ «ntvrr. p~+ arwwm pl~c~d w~M ~n arrorn~y fa colNction. tM makM~ w+d ~ndorwn Mrwf ~ar^~^t wd po~H~. If thi~ noq ia no~ wid ~t manx~~y +nd rM s~m~ is ~prM b P+l~ all caaM of oolbction, includ~np •II cowt cosa ~nd ~wonablt anwn~v f~~s. ~ ~5~~~ nita . Ba.ns ----(SEAL) (SEAI) and shall duly, promptly and fully perform, d?scharge, ex~cute, effect, complete, comply w~th and abide by each and e~~ery the stipu:ations, agreements, cond~tio:is and covenants of said prom~ssory note and of ttti~ mortgage. then ttus morLgage and the estate hereby created shall cease and be nu11 ana void. : It is understood that each ot the words, "note," "mortgagor" and "mortgagee" respectively and the pron- ouns referring thereto, whether in the singular or pluml anywhere in thia mortgage~ ahall be aingulat if one only ~ and ~hall be pluml jointly and severally, if more than one, and shall be ma.4culine, feminine and; or neuter, wher- e~•er ihe context ao implies or admits. ` Md said Mortgagor for himself and his heir~, legal representatives, successors and assigns, hereby coven- ~ ant~ ana agrees to and with said Mortgagee~ his legal repr~aentatives, succFSSOrs and assign~: ~ 1. To pay aU and ~ingular the principal and interest and the various and aundry auma of money payable by ~ virtue ot aaid promisaory note, and this mortgage, each and every, prompUy on the daya respectively the same eeverally become due. ; 2. To pay all and aingular the tnxes, assessments, levies, liabilities, obliRations and incumbrancea of every ' nature and kind now on said descnbed property, and/or that hereafter may be imposed, autfered, placed, levied ` or assesse~ thereupon, and~`or that hereafter may be levied or ~csessed upon this mortgage and/or the indebted- ness secured hereby, each and every, when due and payable acrorcling to law, betore they become delinquent, ~ and before any interest atiaches or any penalty is incurrrd; and in so far as any thereot is o[ record the same shall be promptly satistied and discharged of record xnd the onKinal oft~cial document (such as, tor instance, " ihe tax receipt or Lhe satisfaction paper o[[icially endoraed or certified 1 shall be placed ln the hands of aaid ; $ Atortgagee w~thin ten days next after payment; and in the event that any thereo[ is not so paid, satistied and - : discharged, said 1?Sortgagee niay at any time pay the san?e or anv part thereot w-ithout wai~-ing or af[ecting ? ~ ~any option, lien, equity or right under or b~• ~-irtuP ot this mortgage, and the full amount of each and every ~ auch payment shall be immediately due and (~ayable and shal! bear intenst trom the ~late thereof until paid ~ at the rate of ten per cent~rn per annum and to~eth~r w~th such interest shall be secured by the lien o! thia mortgage. 4 ~ 8. To place - and continuously keFp on the bwldin~;a now or hereafter altuate on said land fire and windJtocm ; z lnsurancc in the u.~ual standard policy form, in a sum not less thftn i_ -~alfa.lA-~lQI in such com- ; pany or comprni~•s as ma_v be apprm~rd by aas~t Mortga~~•e: :tnd all si~ch insurance ~licies on any of snid build- ~ ings, any interest therein or part thereof, in the n~~nrgate sum a[oresaid or in exce9s thereof, ~hall contain the ; usual standard mort~;agee clause mak~nR the h~~s ur.d~•r sa~d poliries, each and e~ery, payable to said 1?tortga- ~ gee as his ~nteresi may appear, and each a::d e~•ery su~•h {x~Lcy ahall be pramptly deli~ered to and held by said u biortgagee; and, not tess than ten dRVS in adran~e of the expiration of each policy, to deliver to snid 1?tortgagee ~ - a renewal thereof, toQether with a receip: f~r thP premium nf ~u~h r~newal; and there ~hall be no such insur- ;s ance placed on any of aaid bu~IJinRs, any ~nterest therein or part thereo[, unless in the torm aad with the loss _ pavable as aforesai~i; and in the e~•rnt any sum of mc~ney become~ payable under siich pollcy or policiea said ~ ~ MortKaRee shall have the optinn to recerce and apply the same on account ot the indebtednes~ secured hereby or 3 ` to perniit said MortRa~or to re~ei~•P and uce it or any part thercot for other purpose~ without thercby waiving ~f or impairing anp equity, lien er ri~ht ~ndcr or by ~•irtue of tiiis martgage: and in the event safd Mortgagor ahall - for any reasi~~ ta~l to keep the said premw~s s~ insur~d, or fail to dellver promptly any of sAld poLcie~ o! insurance to sa~d 2?tortgaR~e, or fail promptly to p~y tully any premium therntor, or in any re~pect [ail to per- torm, discharRe, exci~ute, eftect, completP, comply ~vith and sbide bv this covenani, or any part hereol, aaid 1liortg- ngeP may pl~ce and pay for such inaurance or any part thereuf ~vithout waiving or at[ecting any option, lien, equity or riRht under or b}• ~•irtue uf this mort~age, anJ th~~ futl :?mount of each and every euch payment shall be fmmediately due and pa}~able nnJ shall bPar intPrest from the date thereof unt?1 paid at the rate of ten per s : centum per annum and togethPr with such Interest shall be aecured Dy !he lien ot this mortgage. j'4 4. To permit, commit or aufter no H•s.9te, impairmeat or deterioration of sald property or any part thereot. 6. To pay all and aingular the coats, chargea and expenses, including reasonable lawyer's tees and caat o! abatractn ol tltle, lncurred or paid at any time by said Mortgagee because andior in the event of the fatlure = on the part of the said MortgaRor to d~ily, prompUy end tully pertorm, dlecharge, e:ecute, ettect. complete. ~ _ comply w~ith and sbide by each and every the stlpulationa, ngreements, condiUons and covenanta of eaid promla- wry note, and thls mort~age, any or either, and sxid costs, charges and eapenaea, each and every, ahall be im- ~ mediately due and payable, whether or not there be notice, demand, attempt to collect or eult pendinR: and Lhs i ~ full amount ot eacA and every ~uch payment ahall bear intemst trom Lhe date thereof untU pald at the rate oi ten per centum per annum; and all eatd coate, charges rnd eapenses w lncurred or pald, together with such ia- terest, ~hW be ~ecured by the lien of thfs mortgage. ';%i a~ ~00~~.98 PAGE1061 !