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HomeMy WebLinkAbout1107 Z i_~~S.OOQ~OQ STUART, Florida. ~~ceh ~ ~9..T~ FOR VAIUE RKEIVED, Ifi~ und~ni~nsd, nt and ~wrally, PROMISE TO PAY to th~ ord~r of ~~"~II ~~~~~3 dd~~lbt'~~w~~~~~ww.~~~w~~~~~~w~~~~w~`~~~~~..~~_V~./LY'~RJ - ~ ~t ~jgpE~e Be~ati_ l~l~r~_ . or .sud~ ot1~ plaa u the ho1dK ~ F~enof msy desi9nate in writin~, top~tF~ with in~t from d~tr at th~ ~ste of per oe~tum per a~num o~ the unpsW b~lana unNl matu~ity. Ths said principal and inNrest ~all b~ dw a~d p,yable ~a tOlldrt: To b~ p~id ~it?in os~ ~r lso~ O~t~ ~~..t. If s.r«,h w.id. ~o.~~ aw. M wr a•r~ ef a~fr.rW~.«a .t ptndpd « i~e~t o. .er o«~ N~w.oR w» .rhob tMn nw~inino u~id v?itb ir~nN ~MM M Ibld~i l~mM din ~nd Pw~bM vn1AMM ~o1ia. FMlur~ ~o ~ wd~ aOMoe ~hdl no1 oe~r~~ • waiw o( tM rioM w~aKCi» IM s~w in b ~~1 af r~f d~f~uM. Aha a~MwNy lo~A MM~cipl ~nd +atwd M~fnMt dril bw Mw~t tl~ZL. PM antws ar a+mew ,unMl ~riN~ a~i M~sr~M /x oo~Nt~ial. I~M ~s ~w~do~~ws h~~iM~arM~M ~~if wFeM.~i~„ NieA~dfM a~N o~owt~aW ~~eM ~wOii~M an ~ha _---(5~1~~ 5/ ________(s~?l) ~ . f!'1~ ~X - ~ ~cs~?u sad ahall duly, pmn?ptly aad tully perform. dischuge. execute, etfect. completr., comply alttt and abide by eu.h aad every the stipulations. s8'rcementa, conditions and covenants of said prom~ssory note and of ttus mortgage. thea Ws mortgage aad the eatate dereby created ahall cease aad be nuD and void. It is understood that each oi ths words, ••aote.•• ..mortgagoY' and "mortgagee•• respectlvelq and the pron- ouns referring therctq, whether in the singular or plural sny~vhen in this mortgage, ahall be stngular ff one oNy and ahali be plural f ointly and severally. if more thaa one, and ahall be meaculine, feminine and/or neuter. wher- ever the oonteat eo impliea or admita. ~ Md said Mortgagor for himseli and Lis heire. legal repreaentative,a. succeasors and aasigas„ hereby eo~en- anti s:w agrees to aad with said l~ortgagee. his legal repreaentativea. successore aad sa~igns: - 1. To pay all aad singular the prlacipat and interest aad the varlous and sundry auau ot moneY PaYsble by virtue of said promia~ory note. and this nnortgsge. eacb and every~ promptly on the days respsctively the same severally becoma due. Z. To pay all aad siqg~l+r the taxes. aasessments. levies. Usbilittes. obUgations and incumbrancxa of ever~ ~ ~ nsture and klud aow on aald deacribed pmperty. and/or that hereatter may be imposed. suffered. olaced, levied ~ or asaesaed thereupon. and/or that hereafter may be levied or ssses~ed upon thia mortgage and/or the indebted- neas secured hereby. each and every, when due and payable according to lew. betore theq become delinquen~ and betore aay interest attache~ or any penalty is incurred; aad in ao far as any ihereoi is ot noord the same ahall be promptly satisiYed and discharged of rccord and the original official dceument (such as. for instance. the tax receipt or the astistaction paper officially endoreed or certltied> shall be piaced in the hands of said Mortgagee within ten days nezt after payment; and !n the event Nat any ihereof ia not so paid, satisfied and diactsarged, said Mortgagee may at any time pay the aame or any part thereot without waiving or atfecting anr option, lien. equity or right under or by virtue of this mortgage. and the full amouat oi each and every such payment ahall be immediately due and payable and shali bear interest from the date thereo! unUl paid at the rate of tea per centum per annum and together with such interest ehall be aecured bq the lien of this mortgage. S. To place and coatinuously keep on the buildings now or hereatter situate on ssid land fire and wlndstorm insurance in the usual standard policy torm, [n a sum not less than i-••-...-..--~Ra~~-.-------•-------•-----. in euct~ com- pany or comp^nies as may be approved by said Mortga~ce; and all ~uch iasurance policiea on anq ot ssid baild- inga. any intereat therein or part thereof, in the aRgregate eum a[oresaid or in exce~s thereot. shall contain the usval atandard mortgagee clause making the lo:~ under said policies, each and every. psyable to aaid Mortga- gee as his interest may appear, and each and every surh policy ahall be promptly deUvered to and held by eaid Mortgagee; and. not less than ten days in advance ot thc expiratton ot each pollcy, to deHver to aatd Mortgagee a renewal thereof, toRether with a receipt for the premium of m~oh renewal• and there st~all be no such inaur- ance placed on any of said buildfngs, any intereat therein or part thereot, wiles~ In the form and w[th Lhe loss- payable as atoresaid; and in the e~ent any aum ot money becomes payable under auch pollcq or pollcies said Mortgagee shall have the option to receive and apply the same on account of the indebtedneas secured bereby or to permit aaid Mortga~tor to receive and uae it or any part thereoi tor other purposes wrtthout therebq waiving or impairing any equity, lien or riRht under or by vittue oi thi~ mortgage; and in the event sald Mortgagor shall tor any reason fail to keep the said premises so lnsured, or fail to dellver promptly anY of said policies o! ~ insurancc to aaid Mortgagee, or lail prompUy to pay h~lly any premiuin therefor. or in any teapect fail to per- form, diecharge. execute, effect~ complete, comply with and abide by this oovenant, or any part henof. eaid Mortg- agee may place and pay for auch insurance or any part thereof without aralving or sffecting any option. lien. equity or right under or by virtue ot thie mortgage, and the tull aq~ount of each aad every auch payment ahall be immediately due and payable and ahall bear interest trom the date thereof unttl paid at the cate of ten per oentum per annum and together,with aych intereat sha11 be secured Dy tt~e llen of t2W mott8a8a 4. To permtt. commit or aufier no waste, impairmeat or deterfontion oi said property or any part thereot. 6. 1b psy all and singular the co~ts, chargea nnd e~cpenses, tncluding reesonabie laW?yer'~ fees and coet o! abstracts ot title. incurred or paid at any time by said Mortgagee bccause and/or fa the event of the fallurs on the part oi the said Kortgagor to duly, promptly and Nlly pedorn0. dl~charBe. ezecute. eifect, completq, compl~ wlth and wbide Dy each and every the atipuladons. agreements, canditions and oovenanb ot aaid pmmis- •ory note, aad thia mortgage, any or either. and said costs. charges aad rspen~es. each aad ever}?, sbW bs 1m- mediately due sad payable, whether or not t2~en be noUce, demand, attempt to oollect or sult pending• aad ths !Wl amaint of each and e~ery ~uch payment ahall bear interest frnm ths date thereot unt11 pNd st We rste at ten per centum per annum: and all satd caa~b. chargr~ a~ ezPea~s~ ~o Incnrred or pai~ WBether wltb such !n- tere~t, ~ha11 bs ~ecured ~Y tbe lfen o! thfs mortgsg~s. _ _ _ _ _ ''~=~m:.