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Home My WebLink About1151 . '•'.~.~ifi~s~iL!~~i~i~i~iS?L~LS~i-LSi~i!iL~i~i4~i4~iS?S~i~iL~i4~i~i~i4~i~i~iL~i~r~i~i~i4~i~i~i~i~i~i~i~i~i~s~i4~r~iL~i~i~i~i~i~iL~i~r~i!i~iSi~i~iS?S?-~?~?5?'~i~i~r4S?L-'S?'~ ? 5 -...28,.40.0_.DQ---------- Stuart, Florida --------Augu&t___l9:-_---.. 19_7~.__. FOR VALUE RECEIVED, the undersigned, jointly and severally, PROMISE TO PAY to th~ order of____._...____....___......__...._.._._.._.__ ~------------~~~~4H._SIRKI~I.----Trustee_------------- ~ _Twenty_ Eight_ _Thousand_ Four__Hundred__and~~~~QO__- Dotu?RS, ~ ar -------------------~ixami---Bea~h.---Elorida--------------------- _____._____----------------------_-----.or such oth~r plac• as tho hold•? ~ hereof may designate in w~iting together with interest from ______811g31~t__14~__19_?2__________________________________________ at the rate of ______._7_________ per centum per annum oo the unpaid balance until maturity. The said principal and interest shall ~ be due and payable as follows: In fourteen (14) semi-annual installments of $2, 028.57 each of principal plus interest on unpaid balances, which said installments snall commence February 14, 1973 and shall continue on the 14th day of each August and February thereafter until seven (7) years from date at which time the entire principal balance with interest shall become due and payable. The ~ maker reserves the privilege of making, principal payments plus accrued inter~st in advance of the due dates without penalty in the manner stated beloW 30._.. a~ -!f d~fault b~ ~~d. for ys M ~M p+r~.~e of aer instsllnwnf of p?incipal w inHnsf or snr paA fMnof, tM whob suiw tMw nw~+inino ur+paid with int~ns~ sh~ll at Iwld~rs option b~cena dw snd paya6b w;tlw~t notic~. Fail~n fs ~x~rcis~ such eptiee sh~lt wet cows~itrh waiwr •f tfN ~ right to ~x~rcis~ ~M sam~ ia th~ ~r~nr e/ s~bs~qwet d~faull. Ah~r matudry both priweipal and accw~d iM~nsf shaU Mu i~hr~~f ~f p~~ e~nfvrw pcr ~f1pyM vntil p~id. Th~ inak~n ae~d ~edoes~rs of tbis eot~ fvA6~r waiv~ d~mand, nofit~ of aon~paraNnt snd pwbsf. If this wet~ ~s wot p~id H~~ marur:ty ~nd th~ ssnN is plac~d wi~b an atlorn~y fo~ celbctan, tM m~k~n +wd ~ndors~n h~nof agn~ to pay ~11 cosb ~i colbctiew, iwcludin +II ctwA ;~a„s ~nd ?~asoaabb .„o~p.r f•••.*The maker may prepay this note in full uppn giving th~rty ; i30) days previous notice to the payee. The maker may make addition partial~~; ~ayments after the year 1972 upon giving thirty (30) days previous notice to ~ ~he payee. ' . ~.__!~.c4--~~_1~c~1~~~~sJ_s.l~~i~ ; W. R. LAUGHON, as Trustee ; (SEA • Attesh --....__...--------~~__~____.._..M__~.__~_~__.___ R - (SEAy ti ~~.~.~.~E~rv f s~ 1 IHI~~~E~f^~~I~1'~(^I I^^I^~N~I~Ih>fI,fIEI~~f~~I~~I~I,~I~fIfI~It1~I-~1~I~fItJ~J~~~~I~1~I~I~~1~/tl,~~~Ijl~J~'~N~.N~JI~~~w~~~ and shall duly, promptly and fully perform, discharge, execute, effect, complet~, comply w~ih and abide by each and e~ery the siipulacions. agreements. cond~tions and covenants of s:ud prom?ssory note and of thie mortgage. then this mortgage and the estate hereby created shall cease and be null ana void. It ~s understood that each of the wor~. "note," "mortgagoY' and "mortgagee' respectively and the pron- ouns referring thereto, whether in the singular or plural anywhere in this mortgage.•ahell be aingular ii one only and sha11 be plural jointly and severally, if more than one, and ahall be mesculine, teminine and/or neuter~ wher- ever the context so implies or admits. Md said 1?for[gagor for himself and his heirs, legal representaticea, successor~ and assigns, hereby Covea- ; ants ana agrees to and with said Diorigagee. his legal representatives, successors and assigns: 4 ~ 1. To pay all and singular the principai and interest and the various and aundry sums ot money payable by. ~ virtue of said ~romissory note. and this mortgage. each and every. promptly on the days respectively the same severally becoma due. ~ 2. To pay all and singular the taxes, assessments, levies, liabiiities, obli~ations and incumbrances ot every nature and kind now on said descnbed property, and/or that hereafter may be imposed, auffered, placed, levied or assessed thereupon, and/or that hernafter may be levied or asses.sed upon this mortgage and/or the indebted- ness secured hereby, each and every, when due and payable accorciing Lo law. be[ore they become delinquent. ancl before any interest aitaches or any penalty is incurred; and in so tar as any themot is ot recard the same shall be prumptly satisfied and dischareed of record and the on~inal otf?cial document (aueh as, tor instance, ~ ihe tax receipt or the satisfaction paPer officially en~forsed or certif:edl shall be pfaced in the hands of said ~iortgagee K'iihin ten days next after payment; and in ihe event that any thereof is not so paid, satisfied and discharged, said \'[ortgagee may at any Lime pay the same or any part thereo[ without waiving or affecting _ any opti~n, lien, equity or right under or by ~•irtue of this mortgage, and the full amount of each and every such payment .ahall be immediately due and payabie and shali bear inlerest from tI~e date thereot until paid at the rate ot ten per centurn per annum and together with such interest ahall be secured by the lien of this mortgage. 3. To place and continuously keep on the bwldin~e now or 2?ereafter altuate on said land fire and windstorm insurance in the usual standard pulicy fonn, in a sum not les9 than ; ................IlOIIB-•................._...._...., 1n auch com- pany or comp^~:~s as may be approved by said Diort~arre: and t?11 such insurance policies on any of 9aid build- ings, any interest therein or part thereof, in the a~~regate sum aforesaid or in exces~ thereof, shall contain ihe usual s:andard mort~agee clause mak~n~ the lu~s ur:dec said policies, each and every, payable to said 1?iortga- ~ ~~c as his interes: may appear, and eACh aiid e~•ery su~•h policy ahall be promptly delivered to and held by eaid Alort~agee: and, noi less than ten days in ad~~ance of the expiration of each policy, to deliver to swid btortgagee a rene~val there~:, to~ether Hith a receipt f~r thP premiiim of a~irh r~newal: and there shall be no such insur- ~ ance placed on any o[ said buildinKs, any interest therein or part ti~ereot, unlegs in the form and with the loss ~ payabte as aforesaid; and in the e~Pnt any sum of money becomes payable under such policy or policies said tior:~~a~ee shail ha~e the option to rece:~e and zpply the same on account ot the indebtedness secured hereby or to F~rmit sa:d ~tort~agor to recei~e nnd uce it or any part thereot ior dther purposes without thereby waiving ~ or impairing an~ equity. lien or ri~ht under or by virtue of ihis mortgage: and in the event said Mortgagor ahall ; for any relso:? fai] to keep the said prem:ses so in~urcd, or fail to delfver promptly any ot said policies oi insurance to s~id ~torigaRce, or fail prompily to pay tully any premium therefor, or in any respect fail to per- ~ form, discharge, execuie, effec~ complete, comply with and ebide by lhia covenant, or any part hereaf. said Mortg- ~ ageP may place and pay for sach insurance or any part thereof without waiving or atfecting any option, lien, ~ eqaity or riRht under or by virtue ot thia mort~age, and the full ~mount of each and every auch payment nhaII ~ be lmmediate3y due and pa~able and shall bear intPrest from the dete thereo! untfl paid at the tate ot ten per centum per annum Ar?d together with such interest ahall be secured by the lien ot thls mortgage. 4. To permit, commit or autter no waste, impairment or deterioratton of sald property or any part thereof. : 6. To pay nll and aingular the costs, char~;es and expenses, including rea~onable lawyer'e fee~ and cost of ; abstracts of title. lncurrecl or paid at any time by 9aid Mortgagee because andlor in the event of the faflure ; on the part o[ the said Mortga~or to duly, promp:ly and tully perform, df~charge, execute, effect, complete. compty v?a~ith and abtde by each and every the stlpulationa, agreemente. condiUons and covenants of said promla- aory note. ar?d thi~ mortgage, any or either, and said coste, cherges and expenees, each and every. shsll be im• mediately due and payable, whether or not there be notice, demand, ettempt to collect or ault pending: snd the full amount ot each and every auch payment ahall bear intereBt from the date tbereof unW Pa1d ~t the rete oi ' ten per centum per annum; and all eatd cwte, charge~ and e~cpea,se~ ao lncurred er Pdd, WBather ~u~ ~ terea~ ~ha11 be eecured by the Uea ot thls mortgage. eooK ~5 PACE 5 ~;z,~~ $ a< ~ g _ . ~ _ _ : .