HomeMy WebLinkAbout2115 s2~ Vero 6eath, Florida - . . __Au~ 197~1..
---..~_{~~!_Dl~llO~'1'_ ~Il~~_~C~ ~QZ~ aiter date, I, we a elther oi us promistr to pay to the order ot
_.__I~~?RE.Iy 8.~cb~,STEIt._and I!K~flA~i_M.__MacMA~STER, hlt _~rlie,_ - -
T~~f-.~iii~A/~Y-~-~l-i.~-~~~~~~~~~~..~~~~~~r~w~~~~~' -~L~~
for valuc received, ~y~~ ~t_ 11Q~-Mayilairer_-xut~,.. F.o~t pierce, _ Florlda~.~-oaG ~ucti-othes--place--
- - - _ rrith interest
from_.-- ---at the rate of._~e~-_------- per cent per annum until paid; interest payable...~_~~C~_~~aQ.~Q~
Md ead? ot us whetMr maker. Bu+ranta a e^dorser. M~~bY s~~ratfy waives snd re~w~r~tes any and alt hort~estead exem~tion righh we may
have w~de~ f!r Coruhtution o~ Uws oi tM State of Fbnda, a any Whs~ Shte a U~ited Ststa, as awnst this rota; and each furthe~ wai~~cs demand,
nutice ot rw~rpaY~ +~+d O~est. +nd in th~ ~veM it bccort~ necessary to cotkcf this note fMou~ an attorney. aerees to pay all tosh of toltcct~on.
includ~r~ ~eawnabN atfotney't fe~.
'Ihe prlnclpal ~ad inLe~ce~t due hereunder ~hall bc npald ln maithiy tnstaUment~
ot s40~. 56 pes anonth. S41d montt~lY P~Ya,ent U~ ioctude prlnctp~i and inoeres~
~~PP1Y~6 tirrt oo ~ccrued tntere~~ dien to the reductlan ot prlncip~l. Qaymentr ~
` ahall oommence 90 day~ from the daoe hereat~ and coottnue on the sam4 date oi
each weoeediq~ moot6 untll tU ~unu o[ pttaclpal and inoereit ~hati have b~en
pald ln i1~it. Filiure ~o mslce ~ay p~rment Mithin 30 d~y~ ~er tbe ~ame become~
due ~hall, at tDe opti~n ot the Palr~e. cause the eatlre rem~lnlQg balanoe ~o b~
due aod parabte tn full. Rlght to prep~y tn Nhole ar tn part ~It6out pea4lty t~
re~esved.
~3.00 State Docucnentary Stamps _
affixed to original Note and
cancelled.
~ s~ Stanley C. Sk idmore /~~7
~ sEn~
~tan`Ie`~ ~(cTt6no~e
No.------- ~ ~iD~lCl~iA~2'~E--___~ _ SEAL
.
and sh:tll dul}, promptly and fully pertorm, discharge, execute, effect, complet~, romply w~th and abide by each
and e~~rn the st~puiations, agreen?ents, cond~tions and covenants uf s:t~d proreiis~ory note and of ihis mortgage,
Lhen this mortKage and the estate hereby crnatcd shall cease and be ~tiull anct ~'oi~1.
It ~s ~inderstocxi that each of the words_ "note," "mort~agor" and "mort~a~ee" respecti~•ely and the pron-
ouns rcferring thereto, Khether in the singular or plural anvwhere in this m~rt~;age, shall be s~ngular if one only
and shail be plural jointly and severally, if mure than one, and sh:?II be mxsculine, fem~nine siid ur neutcr, Kher-
e~•rr the con:ext so implies or admiis_
:~nd said Morigagor for himself and his heirs, legal representeti~•es, succesgors and assigns, hereby coven-
ants ana agmes to and Kith said Diortgagee, his legal reprrsentaUvcs, sucr~~ssors and assigns:
1. To pay all nnd singular the principal and interest and the various ard sundry sums of money payable by
virtue of said promissory note, and this mortgage, each and every, prompUy on the days respeciively ihe same
se~~erally become due.
' 2. To pay all :uid sinRular the taxes, assessments, le~•ies, liabilities, obli~ations xnd incumbrances of e~ery
~ nature and kind no~v on said descr~bed property, and; or that hereafter may be imposed, sutfered, placed, le~7ed
or assessed fhereupon, and~or that hemafter may be le~•~ed ar ~~sessed upon this mortgaRe and or the indebted-
~ ness secured hereb}•, each and e~•ery, ~~•hen due and payable acrord~n~ to law, brfore they become delinquent,
j and b.~iore an}• interest attaches or any penalty is incurred; :u~il m xu far aq nnp thrreof is of rernrd the same
i shall be prompUy satisfied and dischar~ed of record and the on~inal otf~cial ~iocument Isuch as, for i~tstance.
~ ,he tax receipt er .he satisf:irtion paper off~cially en~iors~d or certif~~d~ 9ha11 be placed !n the hands of said
~tort~agee K-ithin ten da~s next after payment: and in the e~~ent that am thereot is not so p:?id, satisfied and
dischar~ed, said Atort~;a~ee mat• at any time pay the same or any part th~rr~f ~+•iihout K•a:~~n~ or affecting
an~ option. lie n, equi[y or r~gltt u?id~~r or b}• ~~~rtu~ of thzs mort~aRe, nnd the full amount of each nnd erery
such pa~ment shall be immediately ~}ue an~i payablc and shall Uear intcrest frum the date thereof until paid
at the ra.e o[ ten per centutn per annum and to~eth~r ~cith such intemst shall be secured by the lien of this
mortkage.
3. To place and continuousty ke~p on the bu:2dinrs now or hereafter situate on said land fire and windstorm
insurance in the u~ual standard ~olicy form, in a Sum not less than ~~11.1T1SUY'~le._ValUe._, 1n such com-
pany or conip~ ~i~~s as may be aFprc~erd b~• ca;,1 ~fort~a~re: am1 :~II ~u~•h insur::n~~e p~~li~ie9 on nn~ nf said build-
in~s, any interesl therein or part thereof, in the a~~nKate sum a[oresaid or in r?tceys thereof, shall contain the
usual standard m~rt~R~PP ~lause makinR the lu~s ur.d~~r 9:ild jrOllC"ses, each and e~~en, payable to s:ud Dinrtga-
Ree as his ?ntPres: ma~• appear, and each ar.d e~•e.-~• s:u~h policy shall be prrmptl~ d~li~•ered to and held Lv said
Alort~aRee; and, not less than ~en days in adrance of the Pxpiration o[ ~ach {~olicy. to deliver to said D1ort~a~ee
a mnen•a1 thereof, to~ether «•ith a receipi f~r the premium nt vu~•h r~n~ta•al: nnd thPr~ shall b~: no such insur-
ance placed on ant• ot ~aid bwldin~s. any interest therein or part ther~ot, unle-s in the form and «~th the l~ss
pa~•able as sforesaid: and in the erent an} sum of monep becomes payable under ~uch policy or policies sa~d
bi~rt~;a~ee shall ha.•e the opti~sn to receice and lpplr the samP on account ot the indebtedness secured hereby or
to rPrmit sa:d ~fort~a~or to recei~•e and uce it or any Part thercof for other pur~oses without thPreb~ ~t•ai~-ing
or ~mpairin~ am• equtty. lien or n~ht under or by ~'irtue of [his mortgaRe; and in the e~'eni said :?tort~a~:.~r shall
for an~• r~~as~n fail to kecn the ~aid pr?mis~s so in~ar~d, or fail to deli~•er rrompUy am• of said roli~ies ot
ins~irsncP to said 11~ri~aRi•e. or f.a~l prompilp to pa}• f~elly :u~y premium theref~r, or in any respect [a:l tn per-
~ form. d~schar~e, exec~ie, effect, cornplete, comply ~~-ith and abi~le b~ this co~•enant, or am• ~~art herr~~(, said ~S~rtk-
~ s~e~~ may plac~ and pa~ for such inaurance or xny [~ATI Lhe~NUL «~ithout w•aiein~ ar affectinR an~ opii~~n, liPn,
equitp or ri~ht under or by ~•~rtue of this mortga~e, and th~ full an~ount of e:?~,h an~1 P~ery snch pacm~•nt ahall
be immediately due and pa}•able and shall bear intPrest from the date therrof untU paid at the rate of tcn {~cr
- centum per annum and togeiher with such interest ~hall be aecured by the lien of this mortRa~e.
4. To permlt, commit or ~uffer no ~aste, impairment or deterioration of anid ~roperty or any part thereof.
6. To pay all and singular Lhe cosis, charges and exp~n~es, includinR reasonable IaW-per'a fees and cost ot
abst?acts of title, incurred or paid at any time by sald rtgagee because and %or in Lhe event of the fallure
on the part o[ the said Mortgagor to duly, promptly a~ ?:ulty peK~rm, dlscharge, eaecute, effect, complete,
co-u~ly w-ith and ablde ~~y each and every the stfpulationq. :~;~eement~. cona~uons and covenant~ of said promis-
eo:y n;rte, and thts mor:gage, any or efther, and said cost~ :narges and expenses, each and every, ahall be Im-
mPi~ i.~ly due and payable, whether or not there be notic••. ,~•:nand, attempt to collect or sult pending: and the
fu:I a.nount of each aad every sucA pAVment ahall bear in:rreet from the date thereof untll paid at the rate o!
ten pe: centum per annum: and all safd coste, charges and expeneea eo tncurred or pald, together wlth euch !n-
~ tere~t, shall be secured by the lfen of Wa mortgage.
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