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HomeMy WebLinkAbout0276 3 ~ ~ S.. 8.~.~' STUART, Ftorids. 19~... ~ FOR ~~~f~,V,~,Q,~ ned, t4j1~ sev r II , PROMISE TQ PAY to the order oi._.__..----------.----------•--------- rs~S~A .y~_~ Fj0 00l~!!41iCIl-----.~.._._~~._--___--------------------------------- ~ . _ ~.~...~...~•M~..~.•.~.~.~.~~.~~...~...~~~..~~~_DOIIARS, ~ at _ or such other place as the holder - ~ hereof may desi~nate in wrltln~, together with interett from date at the rate of per centum per annum on the j unpiid bai~nce untll maturi~x The ~id principsl snd inte~est shall be due and payable ad ~A~18: j ~801. 8d s mo~h, ms !lrat pe~a~~at b~q d~ oue ~oath trom d~ts, sn?d oa~tiau~loQ sor ~aah ~aoor~h m~fl1 patd. Zh18 ~a o~ $64r.88 ~id ~ch ma~ctth s~It lisst be aree~ted b~ ia~areat and ~s r~natadRr tio the ~pal ot lbis ob~iqattoa. ~ Zbi~? ~ M?i~l be aomDi~ paid r~rith 80 moanthly pym~nts od ~60i. 8S, ~ml~sa eooo~ar ~pe~td. ~da aot~ a~yr b~ par~p~f,d at ~uq? tlm~ wi~t p~aal~. f If l~1wN b~ wyd~ Ia~ S~Y.~ dM ~~M wt~~nt o/ «w kabiln~~nt oI wb~c~pd o? inNrat a anf? o+n +Mr~o1. ~M whd~ swn ~Mn runa~n~np j w+w~d w~th inNrM1 ~11 N helA~~ op iae buoer dw ~nd Wr~bl~ wifAou~ na~a. fwlur~ ro~swe:N ~ueA option J~II ewt eon~~?l1~ a w~~va o/ tM riyh~ t ~o ~sac~ d» in Mw e~rwM el wbwq~+rn? bllull. Ah~v ~naturiy boM+ Mincip~l ~d scawd inlawl shall b~ar inrwu N__ l1/ per ceetuen PK ~nn~m f ~n~~~ p~,A 1M ~ ~nA ~de~wh ef M~:~ noN fwMw waiw d~n~+d, na~a of naroa~n~t and ao~r. If Mis noM ra~ aid ar m~n~~N and rM ~a~e a j p~~ad wUh ~n ~MOrnM fa eo~Malon, fM nykat ~nA «wlorwn Iwsof ~or» fe ow NI eo.n of oolNeriab ii+el~dup a~l ewre eoia and ..asa,abl. ~n«n.y f..s. ? ~5~~~ • ~ ? j (SEAI) ~ f,•,. ~,q„y and shalt dWy, promptly and lully petform, d~scherge, execute, ef[ect, complete, comply w~fh and sbids by eael~ and every the atipulsUons, agrcemenb, cond~tiuns end covenants ot said prom~ssory note and ot this mortgage. then t!W mortgage end the utste hereby crsated shall cease and be null ana vo~d. It ts undesitood that each ot the wor~U, "note." `mortgagoY• and "mortgagee" respecUvely and the prnn- ouni referr/ng thereto, whether in the sfngular or plural anywhere in thb mortgage, shall be Nngular It one ody and ~ball be plural ~ointly and severally, if more than one, and ahall be masculine, teminine and/or neuter. whes- evcr tht context io impliea or adm1U. Md iaW ~tortgagor for hlm~elt and his heirs, legal representatives, succeaeore and assigns, hereby ooven- :j ants arw agreea to and arlth ssid lrtortgagee, hia legal representativea, successore and sa~igna: i. To pay att and dagular the principal and lntenat ~nd the various and aundry sume of money payable hr •lrtue of iatd proml~ory rwte, aud t1W mortgage. each and every. prompUy on the. daya respecUvely the sam~ sevenlly becoma due. Z. To p4y all and aingular the tnxes, assessmenta. levies, liabilities, obli~ations and incumbrances of every nature and klnd now on isld described property, and/o~ that herea[ter may be imposed, suttered, placed, levled or asseaieA thereupon, and/or thst hercalte~ may be levied or asses~ed upon this mortgage and/or the indebted- neu secured heteby, each and every, when due and payable according to law. before they become dellnquent, and betore ~7r interest attaches or any penxlty i9 incurred; and in ao tar aa any thereof is ot noord the aame shall_ be promptly satbfied and dischargcd ot record and the original olhcial document (such as. for instance, she tax raceipt or the uUifaction paper officialty en~ioraed oc certtfiedl shall be placed in the hands of aaid ~Sortgagee wltt~ln ten days next a(ter payment; and in the event that any thereot is not so paid, eatisfied and dl~chsrged, sald lrWrtgsgee rr~sy at any Ume pay the sanu or any parf thereof without waiving or affeciing atty option, lien, eqalLy or right under or by virtuP ot thia mortgage, and ihe full amount of each and everq such payment ehall be immedistely due anA paypbSe and ~hall bear interest from the date thereof unt11 paid at tt~e nte of ten per centurn per annum and t~~geth~r with such intere9t shall be aecured by the llen of this mortgage. 3. To place and conttnuoualy ke~p on the buildin~s now or hereafter sftuate on said land tlre and wfndstotm ; inavrance tn tbe uenal standard polfcy Jorm. in a ssum not lese than i.. -•--••-..i.~~7.c~~. in such com- pany or comp^nics as may be appruved by nai~l Mortfia~ce; and all 9uch insurance policies on any of said bulld- ~ 1nga. any fnteres~ therein or pairt theteot. in the a~~reRate sum a[orrvaid or tn excess theteot. shall contain the tuusl itandard mnrt~agee elawre makinR the lu~~ ur.d~r s~~d policies, each and every, payable to said Mortgar See as hL tnterest may appear, anA each an~ e~•ery su~•h pnlicy shall be promptly delivered to and held bq aald ~~ortgagee; and, not leas than ten daya in adti•an~e nt the ~xpiration of each poljcy, to deliver to aald Mortgagce a renewal thereof, toRether with a receipt for thr pr~mium nf ~nrh r~newnl; and there sha11 be no auch insur- ance placed on any o[ ~rafd buildfn~s, any interest iheroin or part th~reof, unle+s in the torm ant] witb the loss payable aa aforeasld; and tn the e~ent any sum of money becomes payable under auch pollcy or policies aaid ~Iort~aqee sball have the option to receive and apply the aame on account ot the indebtedneas secured hercby or , to p'rmtt said MortRalror Lo receive and nae ft or sny pArt thereot tor other purposes arithout thereby waiving or impslrfng any equfty. Ifen or r1Rht under or by virtue oi this mortgage: and in the event said Mortgagor ahalt for any reason fnil to keep the aaid premi~e~ ~se inturrd, or lail to dellver promptly any ot said policies o! lnsurance to aaid MortgaRee, or fall prompUy to pay tully any premium therefor, or in any respect fall to p~r- torm, di~charRe, execute, eftect, complete, comply with and abide by thts covenant, or any part hereot. eafd Mortg- tge~ may place and pay for aucb insurance or any psrt thereof without waiving or attect3ng any option, lien. tqulty or rfght under or by virtue of this mortqage, and the full amount ot each and every such payment ahall be fmmedfately due snd payable end rhait bear int•rest trom the date thereof unt11 paid at the tate ot ten per centum per snnum anA together wlth such lnterest shall be ~ecured by the ben of this mortgage. 4, To penNt, commlt or sutfer no waste. Impairment or deterioraUon ot said property or anq part thereo[. 6. To yay a11 and afngulu the cosU, charges and expenses, including nasonable lawye~~ fees and coet ot ~bstracta ot tiUe. fncurred or psJd st any ttme by ~ald Irlortgsgee because snd/or in the event uf the tailurs i on ths part ot the ~afd HoKgagor to duly. Promptly and fully pertorm, di~charge. esecute, effect, complets. comply wlih an~ ablde by euh and every the stlpulatloru. agreements. condlUons and covenant~ o! eaid promfs- wry twte. iuW th1~ mortgage, any or elther, and said costs, charges and espenses, eacb and every, ~t~all bs tm- m~diately Aue a~nd ~aysble, wbether or not there be nottce. demend. attempt to collect or sutt pendtng; aad the !W1 amount ot each and erery sucb psyment shall bear intereat iroat ths daie tbeno[ untti pald at the nte at ' t~a P~r centum Per iumum: and all ~afA eo~ti, ¢huga ~nd t~cpea~e~ w lACUrred or pald, together Mth wcb fa- t~rat. ~all b~ ~tcured b~? t1~ Ilen of th1~ mortga~e. , eo~K z~~ Facf ~7~ _ . ~f' ~ r ; . ~ ~.~~~...__.~~Y, i~ti7~: q ?