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Home My WebLink About1369 ` ::i^ «~w,1 : : Oc tober / 0 7. s .28..400.. OO STUI?RT. Floride. . 19 . • FOR VALUE RECEIVED, fh~ und~ssigned. jointlr and s~~~:aUY. PROMISE TO PAY !o the ord~: of E ~i HENARX...~~V~STM~N~S. .~~VC... . . . . . . _ ~ ` ~ Twenty Eight Thousand...Four Hundred and 00/100--.---- _ ,.._..__.~OLLAAS. . or such o h~r plac~ as 2b~ ho d~ ' ! 1 at - _ _ ':;F hereoi maY d~siqaat~ in w~iting, tog~ih~: with iat~r~st trou~ d~2~ at ih~ rst~ of ..7~. per cerlum p~r atinum on !h~ unpaid :j : balane~ until maiuril1r. Th~ said psiadpal and iai~r~s! shall b~ due and payabla aS fOZZOWS: In five (5~ ~:`semi-annual installments of $4,733.00 of the principal plus interest then :due and a sixth and final semi-annual payment of $4,735.00 of the principal ~ plus interest then due on the ~_~=day of April and October of each year ~ ; beginning April 1973 . The Maker may prepay any part or all of the ::unpaid principal on or after January 1, 1973 without payment of penalty ~ therefor. w If detault be mad~ tor ...3.0. . d~~a in ~D• wrm~we o ' a m~ t of pri :pal or ~ntrrest er any O~rt tl~enel, th~ vAot~ ~u~ tkm r~waisl~f ,r»~',~c_ ' u~rid wit6 intmst sb~il at holder's oPtion becoa~ dw aeJ pay~bl~ witSout retice, ilur~ to exercis~ suc6 option ahall aot cow~titu~ w~i~ ot ll~e y. ; ri~h~ to exercis~ the sae~~ ie t6e •v~nt ot subapu~wt de[ault. Alter m~luritr both priacipal and accrued E•+teres[ ahall besr intenst at ~ ceetra ~ m per aenum u~til paid. The mak~n aod esdorsers e( this aot~ lurther vaive d~mand, notice of non-parneat ~nd prote~t 1! tbi• aet~ i~ not pa iJ at ; :a maluril~ and the same Is placad r.ith an •ltwnn. for colleetiow, th~ mak~r~ and endoia~r~ hcreof a3ree te D~f •lI costf ot collectio~, iwclu~int ~11 eourt : coats aed rea~Nabl~ ~tlereqr (ee~. E, s Arthur G Quinn, Jr. __(SEALI r ur G. ~4ufnn, Jr. ; as. Tru~te.e _ . . : --•(SEAL) . . . _ . . . . ~ Y• . ` ~ .._ISEALI ~ f E --"'::.':t . . - • . . . . and shall duly, prompUy and fully pertorm, d~scharge, executP, effect, compietr, comply w~th and abide by each and every the stipulations, agreements, cond?tions and covenants of said prom~ssory note and of this mortgage. Chen this mortgage and the esta[e hereby created shall ceaqe and be null and void. It is understood that each oi the ~vords. "note," "mortgagor" and "mortgagee" respecti~~ely and .the pron- ouns rnferring thereto, whether in the singular or plural anywhere in this mortgage, ~hall be singular ff one only and shal! be plurnl jointly and severally, if more than one, and sh:ill be magculine, feminine and/or neuter, wher- e~•er the oontext so implies or admits. . And said Mortgagor for himself and his heirs, legal representatives, successors and essigns, heteby coven- ant~ ana agrees to and with said 1ltortgagee, his legnl representatives, successors and assigns: , ~ 1. To pay all and eiagular the principal and internat and the various and sundry suma oi money payable bq virtue of said promissory note, and this mortgage, each and every. prompUy on the days respectively the same aeverally become due. - ~ 2. To pay all and singular the t.rtxes, essessments, levies, liaDilities, obliRations and incumbrances of every nature and kind now on said described property, a~d/or that hereatier may be imposed, au[fered, placed, le~~ed ~ or assessed thereupon, and/or that hereafter may be leviec! or assessed upon this mortgage andior the indebted- # ness secured hereby, each and every, Hhen due and payable according to law, before they become delinquent~ ~ and before any interest attaches or any penxlty is incurred; and in so far as any thereof is of record the same ~ shall be promptly satisfied and discha oed of record and the ori~inal official document (such as, for instance, ihe tax receipt or the satisfaction paper officially en~iorsed or certifiedl shall be placed in the hands of said ~ Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satis[ied and Q discharged, said 1liortgagee may at any time pay the same or any part thereo[ w-ithout wai~ing or affec:ing any option, lien, equity or right under or b~ ~•irtuP of this mortgage, and the full amotint of each and every y such payment shall be immediately due and payable and shal! bear interest from the ~ate ihereot until paid at the rate of ten per centurn per annum and t~~~eth~r w~th such interest shal! be secured bx the lien of this mortgage. _ S. To place and continuously keep on the bu,ldin~s now or hereafter aituate on said land flre and ndstorm va~"ue insurance in the usual standard policy form, in a sum not less than i hest . insurable/, in such com- st? ~ g - - - pany or comp^aics as may be appro~•ed by sa;~l 1?lort~a~ee: and all such insurance policies on any ot said build- ings, any interest therein or part thereof, in the a~~regate sum a[oresaid or in excess thereof, shall contain the usual standard mart~agee dause makinR the l~~~s ur.d~r said policies, each and every, payable to said 7~iortga- gee as his interest may appear, and each a::d e~~ery siu•h poticy shall be pmmptly delivered to and held by said 1liortgagee; and, not less than ten days in nd~•an~e of the expiration of each policy, to deliver to sxid biort~agee a renetva! thereof, to~eiher w•ith a receipt f~r thP premium nf vurh r~newal: and there shall be no such insur- = ance placed on anv of ~aid buildinRs, any interest therein or part thereof, unless in the form and with the lose ~ payable as aforesaid: and in the e~•Pnt any sum o[ money becomes payable under such policy or policies said ~ Mort~agee shall ha~•e the opti~?n to recei~~e and apply the same on account o[ the indebtednes, secured hereby or • ~ to permit said Mortgagor to re~eive and uee it or any pRrt thereot for other puriwses without thernby waiving or impairing an~ equity. lien or ri~ht under or by virtue of tl~is mortgage: and in the event said Mortgagor ahall tor any reaso~ ts+il to keep the said premisc~s so in~ur~d, or fail to deliver promptly any of said policies ot ~ insurance to said ~iortgaRee. or fail promptly to pay fnlly any premium therefor, or in any respect fail lo per- ~ torm, discharRe, execute, effect, complete, comply ~vith and abi3e by thi9 covenant, or any part hereot, said 1?tortg- ~ agee may place and pay for such insurance or any part thereof without veaiving or affecting any option, liPn, equity or right under or by ~•irtue of this mortRage, and the full amount of each and every auch payment 9haU be immediately due and pa~•able And shall bear intPrest trom the date thereot untfl paid at the rate of ten per centum per annum nnd together with such interest shall be aecured by the lien of thla mortgage. To permlt, commit or suffer no Kaste, impairment or deterloration oi sffid property or eny part thereof. i 6. To pay. aU and singular the costs, charges and expenses, including teasonable lawyer'e fees and cost of ~ abstracte o[ title, fncuned or paid at any time by sald Mortgagee because and/or in the event of the fallure 3 on the part of the said Mortga~or to duly, promptly and Nlly pertorn~, discharge, execute, effect. complete. ; comply with and abide by each and every the stipulat3on~, agreements, condiUons end covenante ot said proml8- ; sory note, and thls mortgage, any or either, eind said costs. charge9 and expenees, each and every, ahall be 1m- medfately due and payabte, whether or not there be notice, demand, attempt to collect or suit pending; and the ~ ltiU amount of each and every ~uch peyment ahall bear interest from tha date thereof untU paid at the rete of ~ tea pe~ centum per u?num; and all aafd cwte, charges and eupenees eo tncurred os pffid, together with euch !n- terest, shall be secured by the lien ot thfa mortgage. ~oox 207 F~a~{ 1359