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Home My WebLink About2053 ~-~-Y~. ~ti. _ • o~i~i 75U..00_... STUART. Florida. ........_...pl.Ll.$1dS~....~.~a............ 19.7~.-- ~ . . _ i~R VALU~ RECEIYED. the undersiqn~d. jointl arsd ~veratly, PAOMISE TO PAY io lhe order of ; ~~'J'~•L`~1?JViTY NATIONAL B.~N:~ Ati,~ ~RUST CO~IPINY, as Trustee _ . --'........-.............._..........-•"""-....__._r. tii~c Hur_dred .Fiftv Eigrt Thousand Seven ~Iundred Fift~~ and 00/100-------bOLLARS, ~ . ' ~31 ~~c"il"L~Otir, Fl~rida . . . _ . -2.--. o::u~t~ othez place as the holder . _ . . . . g~~ ~ . ~,.•:rof ma~ dasigna!• i~ wri2ing. logelhsr with inieres! from/~L+e at !he :a2e o:.7..z. paz centum per annum on !he unpaid . ~,!an:e ucstil maturi2p. Tha said principal and iateres! shail be due and payable as toliows: Iri five (5~ equal, ~ ~.~r~~ial installme:~~s of $131,750.00 of th~ princinal, olus interest then aue ~ the 2lstday of J~,~ tP~r , beginning September 21 , .'~~~73, and continuin~ tin~il the principal and interest ar.e fully paid. Th~ ,!,V ~ may Prepay any part or all of th=~ ~~*~!paid principal at any time befare i ~ without payment of prerlium therefor. ~ 1 i! default be madr !er 30 days in the payment of any nstallment o princi0al or interest o~ anY part thereof, the w::ulr sva~ th-n rem.unias • i~id •..it5 irtere~t ahall nt hoider'• option 6ecome due and y.~~abte rithout no2ic Failuie to exerc~se v~<h opt~on .hnll no! conatitute+~. waiver ef t'.r , e~erci.e the sa+ne in the er~nt of +ubseQu~nt d~lault. A1ter maturity Aoth 7r~n=i~a1 and accrued inter~at r.~.dl S~-•r in:~reat at ~ 2.. yer e~ntum ~ ~ •c~arn uutil p.~id. 'fSr maltrrs wnd e~dnrsrrs of this note lurther w.~ive dr^~~nd, notice o1 non-paym~nt .~od protefl. If this notr i? Mt i+.~id •t .ri;y d:s, tfie s~me is placrd with an at:orncy (nr cu11~c4on, tho maKers wnd cnd..r~rr~ 6r~eui a;ree tu yiy a:t cusb al ~~l;ect:•~n, ~scl~.~d:n; all ..~ac; _ _ . . ~~J rriinnahle ¦ttorney ['e.+. ~ JLinITE:?: I.ILLS RF~~C~~ i'.OlZPO~:`I'~T.O`3, , Floric:a C~rpocaticn ~~T : _ /s/ Joseph Gola, Jr . _ _ tsF~L~ V1C@- ~~I f?3.'..C:~in ~ . t , ~ {S5~? :.1 11 ...~~tz: :i /s/ Francis_ K. _ Buckle~, . _ . . . . ts~~~f r! ~~c,-`~~~~; . _ ~j~ =r .-~..-~-_-k - - - - '1~ _ - - -i:: : -~r~?'t~ ~ ~.r~~.~'}' ~ :-.:r~t"~C.'f"_,{~..'`C-~s3{ },.-}.-ti.-~~. . and shall duly, promptly and fully perform, discharge, execute, eftect, completP, comply w~th and abide by each a~d e~~er~ the stipulations, agreements, cond~tions and covenants of said prom~s~ory note and of thi9 mortgage. then this mortgage and the estate hereby created shalt cease and be null and ~~oid. It is understood that each of the wonis, "note." "mortgagor" and "mortgagee' respecti~ely and the pron- ouns mferring thereto, whether in the singular or plural anywhere in this mortgage. shall be singular if one only and shall be plural jointly and severaily, if more than one, and shall be masculine, feminine and/or neuter, wher- e~~er the context so implies or admits. And said Mortgagor for himself and his heira, legal representatives, successors and assigns, hereby coven- ants ana agrees to and with said Diortgagee, his legal repmsentatives, successors and assigns: 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by virtue of said promissory note, and this mortgage, each and every, promptly on the days respectively the same severally become due. - i ,i 2. To pay all and singular the taxes, essessments, levies, liabilities, obligations and incumbrances of every j nature and kind now on said described property, and/or that hereafter may be imposed, euffered, placed, levied I or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- i r.ess secured hereby, each and every, when due and payable according to law, before they become delinquent, anci before any interest attaches or any penalty is incurred; and in so :ar as any thereof is of record the same F shall be prumpily satisfied and discharged of record and the original official document (such as, for tnstance. ;he tax receipt er the satisfaction paper officially endorsed or certifiedl shall be placed in the hands of said Mortgagee v~~thin ten days next after payment; and in the event *_hat any thereof is not so paid, satisfied and discharged, said Atortgagee may at any time pay the same or any part thereof v~ithout wai~zng or affecting - any option. lien, equity or right under or b~ ~~irtue of this mortgage, and the full amount of each and every such paymeni shall be immediately due and payable and shall bear inlerest from the date thereof until paid at the rate of ten per centum per annum and together K•lth such interest shall be secured by the lien of thie mortgage. 3. To place and continuously keep on the buildin~s now or hereafter aituate on said land fire an~~rlndstortn V lue insurance in the usual standard poticy form, in a sum nnt les9 than =hic~hest: insurable/~ in such com- pany or comprnies as n~ay be approved by said Afort~a~ce: xnd all such insurance policies on any of said build- ings, any interest therein or part thereof, in the u~~regate sum aforesaid or in excess thereof, shall contain the usual standard mort~agee clause making the lo~s ur.der said policies, each and every, payable to said Diortga- gee as his interest ma~~ appear, and each ar.d e~~ery su~•h policy shall be promptly delivered to and held by said 11lortgagee; and, not less than ten days in ad~•anre of the expiration o[ each policy, to deliver to said l~tortgagee a rene~val thereof, to~eiher w•ith a receipt for ihe premium of aii~h renewnl• and there shall be no such insur- ance placed on any o[ ~aid buildin~s, any interest iherein or part thereo[, unles9 in the form and with the loss pavable as aforesai~i; and in the e~•ent any sum of money become~ payable under such poltcy or policies said Morts;a~ee shall ha~•e the option to receire and apply the same on account ot the indebtedness secured hereby or to perniit said :?tortgaRor to receive and use it or any part thereof for other purposes without thereby waiving ~ or impairing an~• equiiy, lien or right under or by viriue of this mortgage; and in the event said Mortgagor shall ~ for nny reason fael to keep the said premisPS so insur~d, or fail to deliver prompUy any of said policies o! Y ins~~i:3nce to sa~d ~tortgaRee, or fail prompUy to pav fully any premium therefor, or in any respect fail to per- form, dischar~e, execute, eifect, complete, comply ~~-ith and abide by thia covenant, or any part hereof, said 1liortg- ~ age~ n~ay plare and pay for such inqurance or any part thereof without waiving or a[fecting any option, lien, equity or riRht under or bv ~•irtue of this mortgage, and the full amount of each and every auch pay~ment shaU ~ be immediately due and payable and shall bear intPrest trom the date thereot untll paid at the rate of ten per centum per annum and together with such interest shall be aecured by the llen of thie mortgage. ~ 4. To permft, commit or suffer no waste, impairment or deterloratlon of asid property or any part thereof. 6. To pay nll and singular Lhe co~ts, charge~ and expenses, including reasonable lawyer'a fees and co~t of abstracts ot tiUe, incurred or paid at any time by said Mortgagee because and/or in the event ot the fallure on the part of the said Mortgagor to duly, promptly and fully perform, dlscharge, execute, etfect. complete. comply w~th and abide by each and every the sUpulations, agteements, conditions and rnvenanta of said promis- ~ eory note, and thi~ mortgage, any or etther, and said costa, charges and expenees, each and every, ahall be im- mediately due and payable, whether or not there be notice, demand, attempt to collect or euit pending• and the ~ full amount of each and every such pavment ahall bear interest from the date thereof untll paid at the rate o! ten per centum per annum; and all eaid co~ta, chargea and e~tpenee~ so lncurnd or paid. together with auch in- ~ tereat, ahall be secured by the Uen oi thla mortgage. 5A~ SEE ATTACHED SCHEDULE "A" ~ °~RK 207 ~~~E2052 _ _ - ~ti~~ ~ ~4r~ ~ = _ ~,.A ~