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HomeMy WebLinkAbout2243 _ ..,,._...ti, _ L ~-~G '~."'~~"ti.. '~t.} _ "'~."+t. '~:.-~"tiCC?~~-'`~- L"`- V~{?ti.'+C} ~r't-~.-.r'~t ~ ~ ~ "ti ~ ~ ~ ~ ~ ~ ~ ~ ~ _ '<i_~ ~ ?i1" . Qtl r JUI1C 27 ~ 7? , STUART. Florida. - 19. . 1~ ~ ~?:t 'I:.'_~.:. RE~~(V~~. !h~ un~la:;i~aed. i:'iy ~..:i save:atly. PROtd(SE 'i0 P/!Y :o t:~e o~dar ot. . r! . . . _ , ~ _ . _ . -----____-i:IG:I~Y-FY:~L•: T:{Ot?'j~1~,`!~ i~~:~~ tI;1~;D~2r;D r~~~ i3~/ 1~(}: 7tii:;--__ . ~ . . . _ . . _ . _ . . . . . . . . . DOi..LA~S. 1 . . . . . . . . . . _ . . . _ _ or such e:ae: place as !?~e holder 1 i -....:e~; sn~~y designate in tivriiing, toyather with infe:as! i:om daie at !ne rate of ~ 2 prr c..•ntuia per anau:a an !he unpa:3 ~ h.::~~c ~~~:itiE mafurilp. T1:e snid p:incipal an3 int:~est shalt i,e due acd p~y.~ble as to11~~NS: ->~~-;,~0~.00 tog~~her ~:ith interest or. th::..~ unpaia bllance oii tt~e 27t~1 d~~y of ';i~_:r.~~, 1973; $28,~00.00 together ~aitr, int4rest o!: t:h~ unnaid balance on th~ ,~7~i1 c?:iy of Jur~e, 197-4 and $28,~'00.00 togeth~r k;ith int~r.~~s~ o~~ th~ u?~pai.d :;::~:ia~l~:~ on the ?_7ci~ day of Jur.e, 1975. ~ ; Th~ r,iak~r ~^ay prepa~r tilis ind~bted~~ss at ar.y t i;~;e withc~ut ~ ! aayr:~nt oF penalty therefor. It de~.ault 6~ r~+de (nr 3 ~ . dwys ti+e YayT~nt or ~ny instalimant of p~incip.d or inter•st or any par! iher~oF, t4e ~.~Sole w:n tben rem~inin: ' -,~,.wi.1 vith ~aterest aAail ~t h~tder's option Sec..n:e due -~nd payeble rithout nutke. Fa~lure to e~erci~e sucA oplian ~hal! no! c~~n~titu~~ raiver nl the r•~h~ to c~~'ciz• ths aun• in tie e~ent of •vbsequent driault. Alter mtluriW bolh pnn~c~pal aad ac:rued int~re~t sl~.Ji Er~r in!rre~l at yer ..~•niu~~~ io~nu:n unlil yaid. 'fhe ma:en ~nd tndor~~ra of ~hia ~ute lurther v~irr 1.-m+nd, notice o! aon-par'newt ~~d prote~t. 1i thi• not~ ia n~t D~~~ at ~ n..turs!y .c~d t:~e +ame ia A~•~~ed with an attoieer ler c~,ll~ciior~, the maktra +~d endors?rs Atr~ul a~r.~ G. p~y all cwh u( ca.ll~ction, ~nQ~~di~= aU :vurt ~i .o,~~ .i:id r~eaonabl~ a:torneq (ee~. - :~1~1R:~ n SO~, INC. , a Florida Corporat ion t ~ . B~' _.._(SEALI - •t . Al l~n Mark , ~~ice Pres ident ~ ~'!Y~3¢ - . . . . _ • - - ~ - - _ (SEAL1 . . ~ u . . ~ ~ . _ - (SEAL) , ~ . _ . . . . _ _ ~ ~ ~-X~Cti4~".r'~~ ~~C".rC~~~+~~`L'~'.~ ...~:..ti7~Cti.~1"'~.~~~~'~Y'~-~tv-r1r+ ~.-~-~.r-. 3 , and sha11 duly, promptly and fully perform, discharge, executP, etfect, cumplet~, ~omply w~th and ebide-by eaeh and e~erv the stipulations, agreements, condltiuns and covenants of said prom~s~ory note and of this mortgage, then thia mortgage and the estate hereby created sh:ill cease and be null and ~•oi~i. It is understood that each of the ~coriLv, "note," "mortgagor" and "mort~agee" respectirely and the pron- ouns rnferring thereto. whether in the singular or plural anyv?here in thla mortgage, shall be singular if one only and shall be pluml jointly and severally, if mure than one, and sh:tll be ~na9culine, teminine andlor neutec. wher- ever the context ao implies or admits. And sald biortgagor for himselt and his heirs, legal representati~es, successors and assign~, hereby coven- snts anu agrees to and with said 1?tortgagee. his legal representati~~es, successors and assigns: 1. To pay all and siagular the principal and interest and the various and sundry sums of money payable by v~rtue of said promissory note. and Uua mortgage, each and every, prompUy on the days respectively the same aeverally become due. 2. To pay all and singular the taxes, as.sessments, le~ies, liabilities, obli~ation9 and incUmbrance9 of every nature and kind now on said descnbed property, ared!or that hereafter may be imposed, auffered, placed, le~~ed or assessed thereupon, and/or that hereafter may be levied or a~s~ssed upon this. morigage andior Lhe indebted- ness secured hereby, each and every, v?hen due and ~~ayable accordinR to law, before they become delinquent, and before any interest attaches or any penalty is incurred; and in so far as any thereof is ot record the same ' shall be promptly satisfied and dischaweci ot record and the onRinal off~cial document (such as, for instance, ; :he tax receipt er the satisfaction pa~?er ofticialty en~iorsed or certif~edl shall be placed !n the hands of said i Mortgagee within ten day9 next after payment; and in the event that any thereof is not so paid, satisfied and ; discharged, said Mortgagee may at any time pay the s:ime or any part thereM ~a-ithout wai~ting or atfecting F any opti0n, lien, equity or right under or br ~•irtur of this mortgage, and the full amount of each and every t such payment shall be immediately due and payable and shall bear inlemst irom the cfate thereof until paid ~ at the rate ot ten per centurn per annum and t~~ether K~th such interest shall be secured by the lien of thie ! mortgage. ~ 3. To place and continuously keep on the bu~lclin~a now or hereafter aituate on said land fire and windstorm ~ ~'1ighest insurable value ! insurance in the usual standard policy form, in a sum not less thttn y.. . In such com- ~ pany or compr.aies as may be approved by said :ltortr~a~ce: xn~1 all such insur.?nce policies on any of said build- ings, any interest therein or part thereof, in the a~~regate sum aforvsaid or in excess thereof, shall contain t!!e ~ usual standard m~rt~agee clause making the I~~~s ur.drr sa~d policiea, each and every, payable to said I?fortga- gee as his interest may appcar, and each a::d e~•Pr~• s:~~•h pal~cy ahali be promptly delivered to and held by said 1?iortgagee; and, not less than ten days in adran~e of the Pxpiration of each policy, to deliver to ssiid btortgaRee a renewal thereof, toQether Kith a receipt fnr thP premium nf vu~-h r~newal: and there shall be no such insur- ance placed on an~ of ~aid buildinRs, any interest therein or part thereo[, unless in the form and with the lose ~ payable as aforesaid; and in the e+~Pnt ttny sum of money becomes payable under such policy or policiea said g MortRa~ee shall haee the optiun to recei~•e and apply the same on account ot the indebtedness secure~ hereby or to permit said ~SortQag~r to recei~•P and uce it or any pRrt thercot for other purposes without thereby waiving ~ or impairing an~ equity. lien or ri~hi under or by ~irtue of this mortgage; and in the e~ent sald Mortgagor shall ~ for any misnn tail to keep the said premis~s so insurcd, or fail to deliver promptly any of said policies o! fnsurance to sa~d ~tortgaRee, or fail pmmptly to pat tnlly any premium therefor, or in any respect fatl lo per- form, diacharRe, execute, etlec~ complete. comply «-ith and abide by this covenant, or any part hereof, ~aid \tortg- agee may place and pay for such inaurance or any part thereof without v~ai~ing or affecting any option. 1iPn. ~ equity or right under or b~ ~•irtue of this mortRaRe, ar~ the full ar~iount of each and every ~uch payment shall be immediately due and pa~•able and shall bear intPrest from the date thereot untll paid at t1~e rate ot ten per centum per annum ar?d together with such fnterest shall be aecured by the lien oi thla mortgaRe. ~ 4. To permlt, commit or suffer no Kaste, impairment or deterioration ot aald property or any part thereot. ~ 6. To pay all and ain~;ular the costs, charges artd expenses, Including reasonable lawye~a fees and cost of n abstracts ot title. lncurred or paid et any time by said Mortgagee beceuse and!or in the event ot the failure ~ on the part ot the said Mortga~or to duly, promptty and tully perform, diacharge, execute, effect, complete. ~ comply with and abfde by each and every the sttpulationa, agreements, condiUons and covenanta of said pmmis- ~ sory note. and W~ mortgage, any or either, and sald costs, charges and eapense~, each and every. ~hall be lm- ~ mediately due and payable, whether or nat there be notice, d~mand, sttempt to collect or ault pending: and the ~ full amount o[ each and every ~uch payment ahall bear interest irom tha date tbereof untll pald at the rate oi ten per centum per annum: and all eafd coete, charges and eapenaes eo Incurred or paid, together with auch fn- ~ terest, ~hall De secured by the Ifen oi thln mortgsge- ~ ~ ~ ~ go~~03 ~2243 ~ kr'h - ~ b::~ x -~~~s, r~ r-~ x a r~=~a~~•~.~~' - _ . ~ ~ .