HomeMy WebLinkAbout0991 :••h+~~ihkkh~'~ Wr4~G+~~hW~h~~+..kkh'+~htik~h~h+~+~h~~+~+ti'hkh~h+~`w'wti~-ti~+~.
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- - - - STUART Flonda. _ - - -
FOR VAWE RECEIVED, the undersigned, jointl and s verally, PROMISE TO PAY to the order of_____. ~
JFi'~LI~_ BE!1Cq_8~1`'g~_
a Florid~__bun~Cint~ corpora_tion------------------- - - - -
.Thirt~_.Tho~~~ttr.~' nnd no~100.. DOLIARS, .
at !j=_C:^E':1_~^''_h~__FlOr1~a . or such other place as the hcider
hereof may designate in writing, together with interest from date at the rate of per centum per annum on the ~
unpaid balance until maturity. The said principal and interest shall be due and payablep~ ~o11owS: ~
f i a C:1ti: on~ L:oi~t:_ from date, and ~
j; w; ~.~:.12 a Month, tl~t~ f ii~s ~ p.?, w~:u .,c. i~~.~ ' ~ ~
cvntinuing for each ~?onth tbereafi,er ~itztil paia. This sum c1: ~6.12 ~
p~i:~ cach nonth eliall first be credited to interest and t;:e remaincier ~
to the principal of this obligation. Th~_s note w~ll b~ completely
~i• p~iu crith l~U monthly pAymttits o~ $^~G.1~, unl~ss SOOp~~ prepaic'. This ~
r~ut~ may be prepuid at any tic:c without penalty.
~
tf delault be m~d~ iw 30.. days in tM Wym~+t of ~ny inttdlm~nt of pincip~l or iotK~at o~ any p~rt ~hereof, the whole s.m ~F.en rema , ng ti~.
~npa~d with ~nrorest ?h~ll ~t holder's opT~on b~com~ dw ~nd PaybM witAou) notic~. F~ilv~~ to eaercis~ s~ch option shall no+ c~~ute a wa~ve. :.f ~he ~.a~.r
. ro e¦e~c~s~ rM ~u.~e ~n rn~ ev~nt of subaeQ:unt defaolt. Ahe? mat~~~ty boM principal and accrued ~nterest st,~ll bear ~nrnesr at per cenrum per a~n~.m =
~nr~l pa~d. The makers ~nd endoraNS of fhis note (urfher w~ivt demand, notic~ of nor+-payms~t ~~d prot~st. ~f ~i,~i not~ ~s not p~~d it mar~r~ir snd tF.e same ~s
• o~ac~d with +n attor~tY fw colltttion, tM m~ks?s ~nd ~ndaa~n Mrwf prN tp psy ~!t eosts of collMion, includ~n9 att court costs and reasonabl~ attornev fees. v
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and shall duly, promptly and fully perform, d?scharge, executP. effe~•t, con~plet~, ~~omply wtth and abide by each
and e~~en the stipulations, agreements, condltiuns and covenanLs of saed pr~rrnis~ory note and of this mortgage,
Chen this mortgage and the estate hereby created shall cease and be null ana ~-oi~l.
It is understood that each of the «'or~s. "noLe." "mortgagor" and "mart~agee" respecti~•ely and the pron-
ouns referring theteto, whether in the singular or plural an}tivT?ere in thts mortgxge, shall be aingular 3~ one only
and shall be plural jointl3 and sereralty, if more than one, and sh:tll be ?nasculine, feminine and; or neuter, wher-
e~•er Lhe context so implies or admits.
And said Mortgagor for himseif and his heirs, legal representatices, successors and assigns, hereby coven-
anL9 ana agrees to and with said 1ltorigagee. his legal representatives, successorv and assigns:
1. To pay all and singular the principaf and intemst and the various and sundry sums of money payable by
virtue of said pmmissory note, and this mortgage, each and every. pmmpUy on the days tespectively the same
aeverally become due.
2. To pay all and singular the taxes, assessments, leeies, iiabil~tiey, obli~Gations and incumbrances of e~ery
nature and kind now on said described property, and:-or that herea[ter may be imposed, suffered, placed, le~7ed
i or assessed thereupon, and/or that hereafter may be levied or assesyed upon this mortgage andlor [he indebted-
! ness secured hereby, each and et•er~, ~~•hen due and payable acro~din~ to law, before they become delinquent,
~ and before any inierest attaches or any penalty is iiicurred; s?nd in so far as any thereof is of record the same
i shall be promptly satisfied and dischar~ed of record and the onRinal off~cial docurnent (such as, for instance,
~ ihe tax receipt er the satisfaction paper officiatly endorsed or certifiedl shall be placed in the hands of said
itortgagee K-ithin ten days next after rayment; and in the e~•ent that nny thereof is not so paed, satisfied and
discharged, said I?tortga~ee may at any time pa~~ the s:tme or anv part thereof w•ithout wai~~n~ or affecting
any optibn, lien, equity or rigl~t under or b~• ~-trtt~r of this mortgaRr, und the full amount of each and e~ery
such paSment shall be immediately due anrl ~~ayab:e and sh:ill benr intcrest from the date thereot unt~l paid
at the raLe of ten per centurn per annum xnd t~~~eth~r H-ith such interest shal! be secured by the lien of this
morigage.
3. To place and continuou~ly ke~p on the bu~lciin~s now or hereafter situate on said land ~re and windstorm
insurance in the u~ual standard pulicy form, in a sum n~t les.9 than 5._~~X.1~1111A1_ . In such com-
pany or comp^ai~,s as may be appro~•ed bp sa;~l ~Iur!rar~~e: ~~n~i :?U such insur.tnce policies on any of snid build-
ings, any interest therein or part thereof, in ~hP A~~r.~~:tte sum aforPVaid or in excess thereof, shall contain the
usual standar~l m~rtragee clause makin~ l':e k,~s ur~l~~r s~ud policies, ea~h and every, payable to said 1ltortga-
gee as his interest may appear, and each ar.d e~•e:y s.e~•h ~licy shall be promptly deli~~ered to and hetd by said
21lortgagee; and, not tess than ten days in ad~an~e of the ~xpiration ot each policy, to deliver to said biortga~ee -
a rene~val thereof, to~ether t~•ith a receipi f~r thP prPmium ot vnrh r~newal: and there shall be no such insur-
ance placed on any of ~aid buitdin~s, any intc•rrst th~rein or rart thereo[, unless in the form and with the loss
payable as aforesaid; and in the e~~ent any sum of m~~ney become3 payable under such policy or policies said
~ bforts;a~ee shall ha~•e ihe opti~~n to r.~cei~'e and applq ttie sam~~ on account ot the indebtedness secured hereby or
~ to ~ermit said Ji~rt~a~or to re~ei~~~ and uce it or any part thereof for other purposes without thereby waiving
~ or impairing any equi[y. lien ar ri~ht under ~r by ~irtue of tLis mortgage: and in the e~ent said MortgaKor shall
for tsnp r~~soa [ail to keFp the said pr?mis~s so insur~d, or fail to deli~•er promptlV an~ of said policies of
insurance to sa~d :~inrtgaR~e. or fail promptly to p.~}• [nlly v?y premium therefor, ~r in any respect fall lo per-
~ form, d?schar~e, exrcu,e. Fftect, complcte, complp ~~-ith and abide by this covenant, or any part hereof, said ~tortg-
age~ may plare and par for siuh inaurance or any part thereof ~vithout v?ai~ing or affecting any option. lien.
~ equity or riRht under or b~~ ~•irtue of this mort~a~e. an~! tht~ full amount of each and every such payment shall
~ be immediately due and pa}•able nnd shall bear intPrest fmm the ctate ther~of until paid at the rate ot ten per
~ centum per annum and together ~vith such interest shall be secured by the lien of thia mortgaRe.
~ 4. To permlt, commit or suffer no ~tiaste, impairment or deterioration ot said property or any part thereof.
~ b. To pay nll and sin~ular the costs, charges and expenses, including reasonable lawyer'e fees and cavt ot
~ abstracts o[ tiUe, incurred or paid at any time by sald hiortgagee because nnd/or in the event of the faflure
on the part o[ the said Mortga~or to duly, pmmptly and fully perfor~n, discharge, execute, effect, complete.
~ comply w~th and abide by each and evpry the siipulatior.~, agreement~, conditlons and covenante o[ said promis-
~ sory note, and this mortRage, any or either, and said co3ts, chargev and expensea, each and every. ~hall be lm-
~ mediately due and pa~•able, whether or not there be notice, demand, attempt to collect or sult pendin~: and the
~ tull amount o[ each and every such pa}~r?ent shnll bear intereat irom the date thereof until pafd at the rate of
~ ten per centum per ar?num • and all eatd coste, charge~ end expenees eo tncurred or paid, together v~~ith auch !n-
terest, shall De aecured by the lien of this morLgage.
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~ooK 2U8 pA~E 991
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