HomeMy WebLinkAbout2656 ?~?0~+~~iK~~+~WO~~~Pthk~~kn~ ~~h~:-ti'~+,hh"w+~~M+titi{~.h+tikkl+tik~ti+~:w'?tihhti+.+tih~M~kw~~ho,~hk'~k~
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j, S-Z~~QO.-00-------- ~ STUART, Fi~r~da, . .uIIlltril- - - 19.__~~ ~
FOR VAWE RECEIVED, the undersigned, jointly and severally, PROMISE TO PAY to the order of _ _
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at ___J~a_.~aCh~_--~0~1dR--- or such other place as the holder ~
hereof may designate in writing, together wiih interest from date at the rate of a. _ per centum per a~num on the ~
unpaid balance untit maturity. The said pri~cipal and interest shall be due and payable a• lO~lO~a: ~
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~10.58 s~onth, the iir~t pay~snt bsing due one sont6 lrvr dats, and k
; cootinuing ior eac6 ~onth thereaiter until paid. Thio au~ o! =40.56 ~
paid each ~ootti ehsll lir~t be crodited to interest and the re~u?inder
to ttis principal o! thi~ obli~ation. Thio noto •ill be ca~pletely paid
wit~ 60 ~onthly psyNnto oi j40.b6, unlees eooner prepaid. T6le note ~
~a~ bs prepaid at any ti~e ~ithout p~nalty. ~
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t If del~ult b~ mad~ iw '.3~ d~n in N~ paY~*~+t ~ u~Y imhNmMt of pincipal d~nrernt or •ny pan +hereof. rhe whote svm Men rema~ning i.
. v~pa~d witA inetrest shall at ?+older's opnon t»com~ dw ~nd paYabb witAo~l notic~. F~dwe w•,e~ua~ avcA opeon sfiall not ca+at~yy~ a wa~vcr of the rghr
~o raercise tM s~me in tM ewnf of subsp~ent d~f~ole. Af~~r ma~unty boM+ p~i~ap~l tnd ~ccrwd mt~re~t sh~ll De+r ~nrcres~ at jV pe~ cenrum pe~ ann~m =
~m~l pa~d. TM m~ke~a ~nd eedonen of tAia nott furtAer w~iw demand, notice of non-p~yment ~nd pra.u. If tfi~~ cme ~s nor p+~d ~t mator~ry and tAe same ~a
•j o~~ced w~th an attorn~y fw co~Ncfion, tM mak~n ~~d ~ndorsan Mrwf ~yrN to p~y all co~t~ of colt~ct~on, ~nclud~np ati courr cosrs ~nd reasw+abl~ inomey fees.
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and shall duly, promptly and fully perform, discharRe, execut~, etfect, complet~, ~~omply with and abide Dy each
and e~~ery the st~pu:ations, agrecments, cund?t~u:~s and covenants uf said prum~s~ory note and ot this mortgage,
then this mortgage and the estate hereby created sh311 cease and be null anu ~•oid.
It ~s understood that each oi the «ords. "note." "mortgagor' and "mortRagee" respecti~•ely and the pron- -
ouns rnferring thereto, K•hether ~n the sin~ilar or plural any~•here in thls mnr.gage, shall be s~ngular if one only
and shall be plural jointly and se~•erally, if mure than one, xnd sh:ill be rn~+.gcu?ine, feminine and%or neuter, whec-
e~~er the context so implies or admits.
Md said Mortgagor for himsel[ and his heirs, I~gal rrpresentati~•es, successors and assi~ts, hereDy coven-
anLs ana agrees to and w-ith said I?inrtgagee, his Ieg:U representatives, succFSSOrs and assigns:
1. To pay all and singt?lar the principal and interest and the variou9 and sundry sums of money payable by
; virtus of said promissory note, and thi~ mortgage, each and every, prompUy on the days respectively the same
aeverally become due.
; 2. To pay all and singuiar the taxes, asses5ments, le~•~es, liabil~ties, obli~ations xnd incumbrances o[ every
; nature and kind now on said descnbed property, and or that hereatter may be imposed, suffered, placed, le~-ied
? or assessed thereupon, and/or that hereafter may A~ 1~~~•~ed or assrsved upun this mortga~{e and."or the indebted-
( ness secured hereby, each and ever}•, w•hen due and payable acrording to law, before they become delinquent,
; and before an} interest attaches or any penxlty is incurred; an~i in 9o far as any thereof is of record the same
shalt be prvmptly satisfied and d~schar~ed ot r•~cord and the onkinal offuial document (surh as, for it~stance,
_ ,he tax receipt er the satisfaction paper off~cially en~iors~d or cert~f~ed? shall be placed in the hands of said
~ btort(;agee within ten da~s next after ~ayment; and in the e~•ent that anv thereof is not so paid, satisfied and
~ discharged, said btortgagee may at any t~me pay the same or any part there~f «•ithout wai~-ing or affecting
~ any option, lien, equit~ or r1Rht un~:cr ~r b~• ~~~rtuP of this mortFaR~•, and the full amount of each and e~•ery
~ such payment shall be immediatPl_v ~iue an•i 4~apable and sh:?!! Uear interest fr~~m the date thereof until paid
~ at the rate of ten per c~ nturn per annum an~i t~~~,e:h~•r ~+•~th si~~h ~ntere:st sha3l be secured by the lien of ihie
mortgage.
~
~ 3. To place and cont~nuously ke~p on the -bu:l~l~n:;s now or hernafter siWate on said land fire and windstorm
~ Maximum ~
~ lnsurance m ihe u~ual star.dard poli~~~ form, in s Ge~n: n~t 1e~9 than S fn such com-
~ pany or comp^~ics as ma~ be ap~ r~~~•ed b}• ~~:•l ~tnr!~ar.•e: ami all 9uch insurance p~licies on any of said build-
~ ings, any interest therein or part thereof, in the a~,n~t:ate sum aforFaaid or ~n excess thereof, shall contain the
~ usual standard mnrteagee clause makin~ the l~~~s ur.~i~~r aaid poGcies, ea~h and every, payable to said Aiortga-
_ gee as his interest ma~• appear, am1 ~nch ar.~l P~•~~, s~,~ h p~~licy ahall be prRmptly delivered to und held by said
~ Mortgagee; and, not Iess than ten da~s in ad~•anre of the Pxn~rati~n of each pot~cy. to deliver to satd :~tort~a~ee
a rene~~•al thereof. ta~ether ~~ith a recPipt fnr thP prPmium nf a+~~•h r~n~~rnl: and thPre shal! be no such insur-
~ ance placed on an}• ot ~aid buildmRs, any ~nterest therein nr rart thereof, unle~s in the torm and with the los9
pavable as aforesaid: and in the e~•Pnt any sum of monP~ b~comev payable under such pollcy or (+c~licies said
' Mortc;a~ee shall ha~•e ihe o~ti~~n to r~•Cfl\'P and a~ply the ~amn on arcount of the indebtednes~ secured hereby or
~ to pPrmit said ~tortca~or to re~ei~~P and n~e it or any rRT~ thercot for other purposes without thereby waiving
~ or impairing ant- equity, lien or ri~ht under ~~r by ~•irtue o[ th~s mortga~e: and in the event said MoriKaKor shall
- for an~ rrnsoa fa~l to KPPjI LFIP ~a:~t pr•~m~a~~s sn ir.~~~md, or fail ta deli~•er promptly an~• of st?id policies of
- insurance to said .li~rt~aRee. ~r fail promptly to p:~~• full~ :u~~~ pmmium therefor, or in anY respect fail to per-
form. d~schar~e, execuie. effect, compl~te, cumply ~~ith and abi~le by this co~•enant, or any part hereof, said 1liortg-
- agee may place and p~~ for such inaurance or any ~+art thPren( a•ithoat v~aivin~ or atfecting any option, lien,
y~ equity or riRht under or b~ virtue of this mort~aRe. and th~• full amount of each and every siich payTnent shaq
- be Immediately due and pa~~able and shall bear ~ntorest from the date themof until paid at the rate of ten per
centum per annum and together w•ith 9tuh fnterest ahall be secured by the Uen of ihts mortga~e.
- 4. To permlt, commit or siit[er no ~saste, impairment or deterioratton of said property or any part thereof.
- 6. To pay nll and singular the costs, char~e~ and expenses, including reasonable lsayer'e fees and cost of
abstracts of title, incurred or paid at any time by said :?tortgegee because andior in the event ot the tallure
~ on the part of the said Mortga~or to duly, promptly and fully perform, dlncharRe, execute, etfect, complete,
r` comply rs~ith and abide by each and every the stfpulation~, agreement~, conditions and covenanta of said promi~-
~ory note, and thi~ mortRage, any or etther, and sald cost~, charges and eapensee, each and every, ~hall be Im-
~ mMiately due and payable, whether or not there be not~ce, demsnd, sttempt to collect or ~ult pending; and the
full amount ot each and every such pavment shall bear interest trom the date theteat unttl paid at the rate o1
ten per centum per annum; and all aatd coate, charge~ and expenee~ so fncurred or pald. together wfth such in-
tereat, shW be aecured by the Ifen ot thls mortgage.
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