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Home My WebLink About1223 '-~ti:. '~G'~~~~L ~ ~ti'~L_~.~ti..~~-~~..~Ct~.-= _ ~-.~'i'tiCtti~t'~~~1~L'~G~.tir_ ~r~ _ ~ ~v:1r.:r.-rti.1.-~rLf"~ i,i S '70. Q~Q.00 STUART. Florida, ~C:CE.'Il'ibE~r 3~, 19 71 ~1 ' ~ FOR VAL1~~ E VE , the undcrsi ned, jointl and se~erally. PROMISE TO PAY lo ihe order of ~ ~ , Y wl~~~ . CUSTE~ and ALICE R. CUSTER,..his, wif~., ~ , _ . _ ,i Seventx Z'housand and 00/100-------------- _ . DOLLl1RS. 11 il ~t or such olhec plac~ as ihe ho der _ . . , ~ li 4~ hereot mar designate in ~?rifing. togeiher wiih inte~est lrom dale at !he rate oi 7 per centum per e~num on !he u~paid 1 balance uniil mafu~it~. Ths asid principal and interest shall be due and payable as toliows: ITl four ~4~ equal, annual installments of Seventeen Thousand Five Hundred ($17,500.00) Dollars of the principal plus interest then due on the 30th day of December, begin- ning December 30, 1972, and continuing annually thereafter until the entire i'i ~alance of the principal and interest are fully paid. ~he Maker may prepay any part or all of the unpaid principai at any time berore due without pay- t~ ment of premium therefor at any time after January 1, 1972. 2'he interest ~y then accrued on the amount prepaid shall be paid at the time of each advance~ i~ payment. All svch advance payments of the principal shall be credited to the next annual installment due on this Note. ii d i: ii ;'i ~ ~'i ii n ~ ' 11 dela~dt bs m~de (er 3~I. eays ~n !Ae yaymeet ol •nr ~n~talimena of prindpal o~ inurest or any part tAereof, the wSole •um tAeo renumin~ .,npaid vit~ intereat sh~ll ~t Aelder's oplion becomt due and oa~ab~e oitAout not~ce_ Failure lo eaerc~ae such option a~all not con~titule~} ~ai~er of tne j~ r.~At to eaerciae tAe ~ame in the e~eel of auLaeQUent delault. A(Itr maturity poth Pri~cipal awd accrued i~t~rest shall 6~.r in~crest ~t / .per cenlum ~~atuitY ~a tA~ ~ame i• plactdkr~ A ap at e ser lor't Ileelie~e tA~ h~akers'andde donen~Aereo( al~~e to~Par alidcost• ol collecl on ~ nciud:n~ ~a la ourt ~ ~ .o~t• aed re~wna6le ~tterwer let~. [UI ~ & W . ~ INC . i~ ~ ro , ] ' .~...1~!-~.~I.LQ.~. -......Q.. SO/~_ . . . . .._(SEAL! +'i William H. Watson, President ~ ii _ ~SEALI . . . ! i ~ ~jl ~x.7zn~ ~ >Fc~ ~ ~ ~ ~ tSEALI II . . . . _ (SEALf ; I ~i~~ ~ ; li ~L _ ~ and shall duly, promptly and fully perform, discharge, execute, effect, cumptete, comply with and abide by each t snd e~~ery the st~puiatiuns, agreementa, cond~tions and covenanLs of said prum~saory note and of thia mortgage. ~ then this mortgage and the estate hereby created shsll cease and be null and ~•oid. f _....w •a.,, . ..~o .....e ••....,.toaonr • wnA "Tf1MPRePR~~ iP4DPCtlYCIV and the pron- ~ ?l \S \iffUi:iAiuuu aa s ouns refernng thereto, whether~in~the~sin~ilar•or plural any~+vhere in thls mortgage, shall be singular it one only ; E and shall be p1urA1 jointly and severafly, it mure than one, and shall be masculine, feminine and:~or neuter, wher- t ~ ever the context so implies or admits. ~ a And said Mortgagor tor himself and his heirs, legal representatives, successors and assign~, hereby coven- ~ ~ anta ana agrees to and with said I?tortgagee, his legxl represeniatives, successors and assigns: ~ l. To pay all and singular the principal and interest and the various and sundry suma ot money payable by ; virtue of said promissory note, and thi~ mortgage, each and every, prompUy on the days mspectively the seme ~ aeverally become due. ~ 2. To pay all and ~ingular the taxes, esses-~ments, le~?es, liabilities, obliRations and Incumbrancea of every ~ nature and kind now on said descnbed property, and; or that he~eafter may be imposed, au[fered, placed, levied s or assessed thereupon, andior that hereafter n~ay be lev~ed or a;s~~ssed upon this mortgage and'or the indebted- ; ness secured hereby, each and e~•ery, when due and payable acrordmg to law, before they become delinquen~ ~ and before any interest attaches or any penalty is incurr.Yi; and in so far as any thereof i9 of record the same k shall be prumptly satisfied and discharred of record and the on~inat oft~cial document lsuch as, tor instance, ; 2he tax receipt or the satisfaction paper off~cially endor~d or certi[ied~ ~hall be placed in the hand~ of said ~ ~tortgagee vrithin ten days next after payment; and in the e~•ent that an~ thereof is not so p~id, satisfeed and $ discharged, said 111nrtgsgee may at any lime pay lhe s:?m~ or an~ par[ thereof w~thout {IP31\lIIa or atfecting any opti~n, lien, equity or right under or b~ ~~~rtur ot this mortgage, and the full amount ot each tuid e~•ery { such payment shap Le immed,ately due ami ~~apab3e :ind shall bear interest from the date thereot until paid r' at the rate of ten per centutn per annum and t~~Frih~r ~n~th such interest shalt be secured by the lien ot this mortgage. r; 3. To place and continuousiy keep on the bu~ldin~;s now or hereafter aituate on said land fire V~w~ue torm ~ ~ .3 hi hest insurable/ ~n such com- ~ ~ insurance in the ucval standard {~olicy form, in s sum not less than S..~.-.- pany or comp^:ii~~s as maY be approvrd by sai~l I?tort~;n;-re: an~i all such insur.tnce policies un any of said build- x~ ing~, any interest therein or part thereof, in the a};~r.•R-ite sum aforesaid or in excess thereot, ~hall contain the usual standard mnrt~agee ~lause makmR the l~~s.4 ur.d~~r sa~d poliries, each and every, payable to ssid Mortga- ~3 gee as his interest may appear, ami each ar.d eve; y su~ h~~liry shall be promptiy deli~•ertd to and held by said 1liort~;agee: and, not 1e~4 than ten days in ad~•an~e of the Nxpiration of each potlcy, to deliver to s+tld btortgagee a rene~val thereof, to~ether w•ith a receipt f~r the premium -nt ~u~~h rnnewal; and there shall be no such insur- ance placed on an~ of said bwldin~s. any ?ntrrest therein or pnrt thereof, unless in the form and with the loss ~ payable as aforesaid: an~f in the e~•ent any sum o! money becomes payable ~nder euch pollcy or policiea said Mort#;a~ee shall ha~•e the opti~~n tn rece~~•e and apply the same on acco.u~t of the indebtednesa secured hereby or - to ~wrmit said !~iort~e~or to re~ei~•e~ nnd use it or any pnrt thernof for other purpo~es without thereby waiving or impxiring nn~• equity. Ifen or n~ht under or by virtue of this mortgage: and in the e~ent said Mortgagor ~hall - for unp rP~~.soa fail t~ kerp the sai~t pr••m~q~•s so imur~d, or tail to deli~~er promptly an~ ot said policie~ of - insurance to sa?d 1?iort~aRc•e, or [ail prom~~Uv to p:~~• fnUy any premium therefor, or ~n any reapect [ail lo per- ~ torm, dlschar~e, execut~. ~(fe~t, complete, cumply ti~~th and abide by thi~ co~•enani, or anp part hereot, ~aid 111ortg- - aReP may place and pay for such in~urance or any part thereof without k•ai~•ing or a[feMing any option, lirn. = equity or ri~ht undrr or b~• ~•~rtue uf this mort~aRe, an~l the full amount of each and every auch payment shall ~ be immedialely due end pa}•able xnJ shall bear int~rest from the date thereof until paid at the rate of ten per ' - centum per annum and together with such Interes[ ahall be secured Dy the lien ot Ws mortgage. s 4. To permlt, commit or ~ufter no w•s~te, impairment or deterioratlon ot said property or any part thereot• ! a. To pay sU and ainRular the costs, ct~arFe~ and e:cpPnses, including reasonaDle larvyer'e fee~ and co~t of = nDatraets ot title, incurred or patd at any Ume by eafd Mortgagee because nnd!or in the event ot ihe fnllure _ on the part ot the said MortgaKor to dulv, promptly and Nlly peKorrn, dtacAarge, execute, eftect, complete. - comply v~tith and sbide by each and every the stipulation~, agreementa, conditlon~ and covenanta ot aaid prom1+- sory note, and thi~ mortRaRe, any or either, and ~ald costs, charge9 and ezpenses, each and every, shsU be lm- W~ mediately due nnd payable, whether or not there be notice, demand, atiempt to collect or suit pending: and the = hill amount of each and every auch pa~~r?ent ahnll bear interest trom the date thereof untU pald at the rste ot - ten per centum per annum: and all sald co~te, charqes and e~cpense~ ~0 lncurred or pald. together with such !n- £ - terest, ihW be secured by the 1len ot thia mortgage. ~ - F y~: - ~ - - 80~ 1y8 ,~1~ 4 ~ ~ ~ - , -r: . -