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Home My WebLink About2108 h ti j: a._.~~t~OQ.D4----- STUART, Florida, --~~~~E14t?4~-------=a 1--. 197~-- ti FOR._yA~tE ~REC IVED the undersigned, jointl and severally, PROMISE TO PAY to the order of_________-_ ti ~ J~N~sN ~C~ BANH__,_ a _ Floric~a ~~ig,~_~Q~~aLiaa-----------_-------- ~ - • - w~.~~..~~.~~. . _ wa~~~~~w~~.~ _ __.R`aielve ~tiou~and !'iva__ Hundred ~Qd no 15~- - - - -~ouA , feI189D ~P.aCh 1'lOrlds _____,_._._.__.____or such other place as the holder ~ at -----------------____--_i_____------------------------- - hereof may designate in writing, together with interest from date at the rate of ..__7~____. per centum per annum on the ~ unpaid balante until maturity. The said p~incipal and interest shall be due and payable a8 r01~01~8~ ti= a148.39 •~ont6, the liret psyment being due one •onth iraa '=r-- j ~ 187Z, und continuing !or each ront h t horeA f ter un t i l pa i d. a u m o ~ a248.99 p~id eaa6 aonth shall liret be credited to interest aod the i remainder to th~ principal o! thio obligation. Thia note will be = canpletely paid wity 120 monthly psyn~ente of $148.99, untess eooner ' prepaid. Thie note may be prepaid at any ti~ne without penalty. ~ ~ ~ ~i. If de/~~lt bs mad~ fw ~0 - d~ys in t!w paY~t ~+~w ~~staltment of wincip~l or in»nst w anr o+N ~~rwf, el+~ whote sum ~hee+ ren.~:n~ny ,;npa~d w~th interes? sMll holde~'s option b~com~ d~r~ and p~v+~~ withovl notic~. Failw~ w~sercis~ such option sha11 not consyty~ a wa~ve~ of rhe r~ght . ro aaercis~ the ume in tht ~wnr oi svbaeq:+ent d~f~uh. AftH m+tw~ty bo~h wincipal ~nd ~cuwd 1flfHqf shall bear inrs.eat at . 1Y pe? ce~+rum pc~ ann~m .i ~nr,1 pa~d. Ths makcrs and endonen of thia not~ fwther w~iw d~+n+nd, notia cf ^o~-WV'Mm +^d a°M~t. If ihis noee ~s ew~ W~d ~t matw~rr ~~d Me same ~s : vlxed with ~n attornty fw cdNction, tM makers uid ~ndws~n lwrwf s9rN 1c P+Y all coab of colNction, inctudinp ~II cowt coa?s ~nd reuon+bk anomey fecs. ~ - _ (SEAL) ~ t . ~ • ~R~-_$$ j• (SEAL) •i ~ , . _ S j• " (SEAL) i ; : . 4~{~`~'h h+~T+?t ti'M.'~.+ti'~+.k`h.~kh+ti+ti+~t~?+}+ti~ih'w~''wti-:~ : w } s and shall duly, promptly and [ully perform, di~charge, execute, etfect, complete, comply w~th and abide by each and everp the stipulations, agreements, conditions and covenants of said prom~saory note and ot this mortgage, ~ then thia mortgage and the estate hereby created shall cease and be null and void. It is underatood that each ot the wonfs. "note," "mortgagoY' and "mortgagee" respecU~ely and the pron- ouns referring thereto, whether in the singular or plural anywhere in thls mortgage, ahall be singular if one only and ~hall be plural jointly and severally, if more than one, and shall be masculine, feminine and/or neuter. wher- ever the context ao implies or admits. And eaid Mortgagor tor himself and his heira, legal representatlves, successors and assigns. hereby coven- ant9 ana agc~eea to and with said Mortgagee. hia legal representatives, successors and assigns: 1. To pay all end singular the principal and intereat and the various and aundry sums ot money payable by virtue ot said promissory note, and this mortgage, each and every, prnmptly on the days respectiveiy the same aeverally become due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obliRations and incumbrancea of every i nature and kind now on said described property, and/or that hereafter may be imposed, auffered. placed, levied or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby, each and every, when due and payable according to law, before they become delinquent„ j and before any Interest attaches or any penxlty is incurred; and in so far as any thereof is of record the same ; ~ shall be ptvmptly satisfied and discharged ot ~ecord and the original of[icial document (such as, [or instance. i ~ ;he tax receipt or the satisfaction paper officially endorsed or certitiedl shall be placed in the hands of said Mortgagee within ten days neat after payment; and in the event that any ihereof is not so paid, satiqfied and ~ discharged, said Mortgagee may at any time pay the same or any part thereof ~rithout waiving or affecting any opti~n, lien, equity or right under or b) ~ irtue ot this mortgage, and the full amount ot each and every such payment ahall be immediately due and payable and shall bear internst from the date thereot until paid ~ at the rate of ten per centum per annum and together with such interest shall be secured by the lien of this mortgage. 3. To place and continuously keep on the buiidinga now or hereafter aituate on said land fire and wlndstorm insurance in the u.cual standard policy ferm, in a sum nat less than =.......~X1.Ttlllin••-------••--•-•--••-•••-••-. !n euch com- pany or comp^nics as may be approved by said 1~Iort~a~ce: and all such insurance policies on any of said buiid- ings, any intere9t therein or part thereof, in the a~~regate sum alorpsaid or in excess thereot, shall contain the usual standard mortgagee clause making the luss ur.der said policies, each and even, payable to said 1liortga- gee as his interest may appear, and each and e~~ery su~•h policy shall be prompUy delivered to and held by said { 1liortgagee; and, not less than ten days in ad~•an~e of the expiration ot each policy, to deliver to snid Mortgagee a renewal thereof, toRether with a receipt for thP prpmium of qnrh renewal; and there shall be no such insur- ance placed on any of said buildinRs, any interest therein or part thereot, uNes~ in the form and with the loss payable as aforesaid; and in the e~•ent any sum of money becomes payable under such policy or policies said Mort~a~ee shall ha~~e the option to recei~ e and a~?ply the same on account of the indebtednes~ secured hereby or to permit said Mortgagor to recei~e and use it or any pxrt thereof tor other pntposes without thereby waiving ~ or impatring any equitp, lien or ri~ht under or by virtue of this mortgage; and in the event said Mortgagor shall ~ tor any reasoa [ail to keep the said premises so insumd, or fail to deliver promptly any of said policies of ~ insurance to said 1ltortgaRee, or fail prompUy to pay fully any premium therefor, or in any respect fail to per- torm, dischatge, execute, eftect, complete, comply ~vith and abide by this covenant, or any part hereof, said 111ortg- agee may place and pay for such insurance or any part thereof without waiving or affecting any option, lien. equity or right under or by virtue of this mortgage, and the fuq arpount of each and every auch payment shaII ~ be immediately due and payable and ahall bear interest from the dete thereot untll paid at the rate of ten per ~ centum per annum nnd together with such interest shall be aecured by the lien ol thia mortgage. ~ 4. To permit, commit or ~ufter no waste, impairment or deterloration oi said property or any part thereot. ~ 6. To pay all and aingular the costs, chargea and expenses, including reasonable lawyer's fee~ and cost of ~ abstracta ot title, fncurred or paid at any time by satd Mortgagee because and/or in the event of the failure - on the part of the said Mortgagor to duly, promptly and fully peKorm, diecharge, execute. effect, complete. ~ complq with and abide by each and every the stipulationa, agreements, conditlons and covenanta ot said promis- sory note. and thls mortgage, any or either. and sald costs, charge~ and expenees, each and every, ahall be im- mediately due and payable, whether or not there be notice, demand, attempt to collect or suit pending: and the iWl amount ot each and every auch payment ahall bear interest tcom ths date theteoi until pald at the rate o! # ~ ten per centum per annum: and all eafd ewte, charges and ea~penae~ so lncurred or Patd, together with suc6 !n- tereat, shall be secured by the lien of thls mortgage. 80~206 ~~E2104 ~ ~ ~s = ~ _ : -:~,~.~~s, - ~ ~ . . _