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Home My WebLink About2125 ~ ~ S 66~ OO~.e.~ STUART. Florida. J82'111~~Y.11~ 19 ~Z ` y' FOR VlILUE AECEIVED, 1h~ undetsigncd, joi~ilY and u~~ra117. PROMISE TO PAY !o ih~ ordes ot ~ _d..8.. ~'YS Trus.tee _ . _ . _ . . _ _ S.~ .l,S~ ~Q1LS.~..L~Q.~,BxS. .811C1 AD~~.UU. _ . . • DOLLARS. r at Q~ N~~' ...1(;~1..a~.Q@~..H ~~i.-$$$C~••-.,F!7,Qj' or such olber plac~ as !he holder hercof m~T d~sigaat~ in wtiliny. lo~Nh~r w i r~s! tcom dale a! !!~t raf• o! ~ per ceatum pst annum on !he unpaid balanc~ until maturity. Th~ sald priocipal d intes~s! sball M due aad paysblc as lollows: In five equal annual fnstallm ts ot 204. 00 eaGtl. Interest ahsll be p~yable annual~y. First annual peyn~e~t due one date h reof and e~ch yesr thereatter until ~y paid . Prior to January 1, 1973, te r~n prepaid in i~ill without penalty or m~y be prepaid in part up to 29 ~ of the~total pur price aiithout pe~nalty. Atter ldanuary, 1973 it m~y be prepaid at suah times and !n uch o as makera desire without p~~~ . . dtfa~Jt b~ made (er JO days in t?e Dayaeet ef aar t~sWlatnt o( principal or interest or anr part tbeteot, the vSole sum tsen remaiaip~ ~~npaid ~itl intere~t tAall at 4~lder'• option ?ecowe dw a~a oara?4 ~ritAout wolue. Fai}ure to eaercise sucA eption sA~11 eot constiluter} ~rai~er ol tAe r~~l.t te sienis~ tAe sase iw the e~eai ef subsequtat ielault Alter safuritr SotA pr~ncioal and accrued int.rrst s~all bear in~er~st wt ~ per c~ntun~ o~r ~neu~e uatil paid. The auken ~ad ewdo~~e~s e( tAi• ao4 /urther rrai~e demand, aotice o( noe-paymeat and protest. If tAis note is wot paid ~t maturlir and t6t •uae it placed ~.dh an attoraer (er collettion, tAe malters and endots~r~ l~ereol a~ne to pay aU costs ot cotlectioq ~acludin~ al! courl co~t• and reasowble atteror~ (ets. 5 ~ (SEAL) THE BRYN MAV4TR GRAUP, INC. 1 ~ _ _ By: _s / Merritt H. Taylor, Jr. (SEAL! ~ . ~ ~Ifs ~resident _ _ _ _ _ . (SEAL1 _ - _ . _ . _ _ ISEALI I snd shall duly, promptly and fully pertorm, discharge, execute, effect, completr, comply w~th and abide by eaeh and e~•erp the siipu:ations, agreements, cond~tiuc~ and covenants of sx~d prom?s~ory note and o! th~.! mortgage. then thia mortgage and the rstau hereDy created shall cease and be null and ~•oid. It ~s understood that each of the u•ords. "note." "mortgagor" and "mongagee" respecti~ely and the pron- oun~ reternng thereto, whether in lhe singular ar plural anywhere in thls mortgage, ghall be aingular if one only and shall be pluml jointly and se~•erally, if more than one, and sha1J be ma4cutine, ferriinine and/or neuter, whet- ~ erer Lhe conLeat ao implies or admits. And aaid Mortgagor for }umself and his heir~, legal representstices, successors and assigas, hereby coveo- anta ann agrees to and with said 1?Sortgagee, his legal representat~ves, successors and asstgna: ; 1. To pay all and singular the principal and interest and the various and aundry aum~ of money payable Dy ! virtue of. said pmmiaaory note, and Ctus mortgage, each ead every, prompUy on the daya respectively the aame ? eeverally become dua ` 2_ To pay all and singular the taxes. ~ses.~menis, levies, tiabilitie9, obIiRation~ and incumbrancea of every nature and kind now on said descnbed property, and:~or that hereafter may be imposed, auftered, placed, levied or assessed ihereapon, andior that hereafter may be levled or a_~sPSS3ed upon this mortgage andlor the indebted- ness secured hereby, each and e~ery, ~.hen due and payable according to law, betore they become delinquent, - and before any interest attaches or any penxlty is iricurred; and in so far as any thereot is ot record the same shall be prumpUy satisfied and dischareed of record and the onRinal off~cial document (~uch aa, tor Instanee, Lhe tax receipt or ihe satisfaci:on paper officiaUy endora!~i or certifiedl shall be placed tn the hand~ of sald Mortgagee Kzthin ien days next after payment; and in the erent that any thereot is not so paid, satisfied and discharged, said ~Sortgagee may at any time pay the san?e or any part there~t withouf wai~ing or af[ecting an} opU~n, lien, equity or nght under or by ~~viuP ot ihis mortgaRe, and the full amount of each and every such payment shall be immediate)y ~ue and payab;e and shall bear intetc~si from the c!n[e thereof until paid at the rate of ten per centurn per annum and tr,geth~r wzth such interest shali be secured by the lien of this mortgage. ~ 3. To place and coniinuously ke~p on the bu:ldin~s now or hereafter eituate on said land fire and windstorm ~ : insurance ro the usual standard poli~y form, in a sum not less ihan S.-- - ln auch com- pany or compra:es as n~ay be appro~~ec! by sa;~l ~fort~a~~~e: and nU such insurance poticies on any oi said build- ing~, any interest therein or part thereof, in ihe a~~ r.•~ate sum atomsaid or in excess :hereof. ~halt contain the ~ usual siandard mortgagee c2suse makm~ the lu~s ar.de~r s%ud policie~, each and every, payable to said Mortga- gee a~ hie interes: ma}• appear, and each ar.d e~•e: y su~~h po6cy shall be promptly delivered to and hrld by asid 1?SortRagee; and, not less than ten days in ad~an~e of the .~xpiration of each policy, to delfver to aaid Mortgagee ~ a reneµ•a1 thereof, toRether w•iih a receipt f~r thP premium ~f aurh rPnewal: and there ahall be no auch insur- ance placed on any of said buildinRs, any interest there;n or part thereof, unless in the focm end with the loss payabte as aforesald: and irt the e~•Pnt any aum of money becomes payable under such poltcy or policies said 1?iart~aRee shall ha~•e the option to recei~•e ar.d apply the same ~n account of the indebtedness secured hereby or to ~rmit said Mortqa~or to re~ei~•e and use it or any part Qhereof for oiher purposes without thereby waiving or impairing an~~ equity. lien or rRht under or by rirtue of this mortgage; and in the e~ent said Mortgagor shall ; for nny reason [ai1 to keep the said pr?m~s~s so in~ur~d, or fail to deliver prompUy anp of eaid policies ot insurance to sald ;lortgaRee, or tail ~rompUy to ~.~p fu11y any premium therefor, or in any reapect fail to per- form, d?.acharge, eaecuie, effect, complete, comply w-ith and abide by this covenant, or any part hereof, aaid Mortg- sRer may piace and aav for such insurance or xny part thereof withoui waiving or affecUng any option, ]ien, ' equity or riRht under or by ~•irtue of this mortRage, ar.d ihe futl amouet of each and every euch payment ahall be 3mmediately due and pa~•able end shall bear intprest from the date thereof untit paid at the rate ot tea per centum per annum xnd togeiher with ~nch lnterest ~hall be aecured by ihe lien oi thie mortg~e. 4. To permtt, commit or avfter no ~raste, impairment or deterlorailon of aaid property or any part thereot. b. To pay all and aingular the costs, chsrgee and expenses, including reaaonable lav~yer's fee~ and coet ot ab~tracta o! title, lncurred or paid at any time by sald Mortgagee becaux a?nd/or in the event of the tallurs on the part o[ the said MortgaRor to duty, promptty and fully peKorm, Q3xharge, execute, effec~ complete, comply w~ith and abide by each and every the stipulations, agreementa, condiUons and coveT~ants of said ptomis- sory note, and thi~ mortgage, any or either, and said costs, charges and acpenees, each and every, ahall be Im- mediately due and payabte, u•hether or noi there be not~ce, demand, sttempt to collect or auit pending: and ths ftill amount of each and every such payment ahall bear interest from the date Wereof unUl paid st the rate of ten per centum per annum: and all eafd co~ta, chargea and ezpense~ ~o incurr+ed or pald, together with such fa- terea~, shall be secvred by the liea of Wa mortgage. 6COK1~78 FACE2,12z - _ - - - y , .