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Home My WebLink About1067 t ti E------- STUART. Florida. 19~_. FOR VAL E RKEIVED, the undersigned, jointiy snd seve~ally, PROMISE TO PAY to the order of___________________________ ' - - - - - - - - m,a~~~:u:::~e~r_~~se t±~s~ DOILARS, ; at ---~_---•--------------------------------or such othe~ place as the holde~ hereof may esignate m ~iting, tcc~ther with inte~est from dbte at the rate of per centum per annum on the unpaid balance until matu~ity. The said principal and interest shall be due and payable ~ io1~g; ~ $840.OS s mosnlh, ttie iirst pe~lm~at belnq c~n~e oste moa~th iro~ d esob o~ ~ tor ee~ch mo~th lher~ibs wnltl ~aid. Z~is sum o~ 0, p~t lirst b~ crsc~t~d tio iat~~st aad s~em~siuclwc b~ ~e p~incl ~olal~~~ ~ e. a~~~ ~d ~a~ ~eo m~i? ~mm eoon~r ~~ald. Zhia aat~ m~ b~ ~a~elaid ~at a~q tim~ witt~out peo~i~?. :l If defauh b~ nud~ fo? d+Y~ in ~he ownw+r of ~n~r ImhlMn~nt of Prineipal a hNnst a+iw OM tMnof. N» whoN wm ~h~n r«n~~n~nq u~paid wiM inN~t sMfl at hold~r'~ opt wn b~conw du~ +nd WY+bM witAovl notia. Frlun to ~:~rciw wch eptia+ sMll eat consK • wsiv~. o( Nw rtyht ~o ~:erNs~ tM wn+~ in 1!w e~nt o1 subNqc~t d~huh. Afp? nwfwify bolh pinapN and ~oawd in~at fh~ll b~ar intuyf st per centum p~? aNwm ~ne~~ ' TM nuk~n ~nd ~ndon~s oI Mia not~ furN+N w~iw d~*~~d, naic+ of eon~wy~nt and a~wwt. If N+t~ ao~~ is not p~id nxity ~+d tM swn~ is pl wirA ~n HIOrMY for colNction. fM ~k~rs M+d Mdawn Mewf prM to P~r ~11 oaa of oollwnion, indudiiw NI ca~rt cwb ~nd r~ason~bM ~norn~r fea. - ~ ---_.__-----------------•-----------------~5~~~ ~fti so6~ler r, ~ ----csEn~~ ~ and ahall duly. promptly and fully pertorm, diacharge. execute, eftect, comptetP, comply wlth and abide by each and every the stipulationa. agreements, conditions and covenants of said prom~ssory note and of th~s moMgage. then tlus mortgage and the estate hereby created shall cease and be null ana void. It ia underatood that each of the wonls, "note," "mortgagoY' and "mortgagee" reapectlvely and the pron- ouna reterring thereto. whether in the singular or plural anywhere in thfs mortgage. ahall be singular if one only and ahall be plural jointly and xverally, if more than one, and shall be masculine, feminine and/or neuter. wher- ever the context so implies or admits. And said Mortgagor for himeelf and his heirs, legal representattvea, auccessors and a9slgns, hereby coven- ants aiw agree~ to and with aaid Mortgagee. his legal representatives, successore and asslgns: ; 1. To pay all and aingular the principal and interest and We various and aundry sums of money payable b~ ~ I virtue of aafd pmmiasory aote, and this mortgage. each and every, prompUy on the days respectively ths saa?e j sever~ally become due. ~ Z. To pay ail and aingular the twcea, assessments, levies, liabilities. obli~atioru and Incumbrances ot every a nature and kind now on safd described properly, and/or that hereafter may be Imposed, euffered. placed, levied ~ or asaeaaed thereupon, and/or that hereatter may be levied or asses~ed upon this mortgage and/or the indebted- E neas secured hereby, each and every, when due snd payable according to law, be[ore they become delinquent, and betore any interest attaches or any penxlty is incurred; and in so far as any thereof is ot record the same ~ ahall be promptly satisfIed and discharged ot record and the original official document (auch as, for instance. ;he tax receipt or the satiataction paper officially endorsed or certified) ahall be placed tn the hands of said Mortgagee within ten davs next after payment; and in the event that any therep[ is not eo paid, aatisfied and discharged. said Mortgagee may at any time pay the same or any part thereof w~thout waiving or affecting any opti0n, lien, equity or right under or by ~'irtue ot this mortgage, and the full amount of each and every auch payment shall be immediately due and payable and shall bear interest from the date thereo! until paid at the rste of ten per centurn per annum and together wilh such interest shall be secured by the lien of this mortgage. 3. To place and continuously keep on the buildin~a now or hereafter aituate on said land fire and w[ndstocm insurance in the ~~ual standard policy form. in a sum not less than i-----....~1~l.1~S1 1n auch com- pany or comp^nics as may be approved by sai~l Mort~a~ce: and alt such insurance policies on any of eaid build- ings, any Interest therein or part thereof, in the aR~regate aum a[oresaid or in exce~s thereot, shall contain the usual atandard mortgagee clause making the loss ur.der sr?id policie~, each and every, payable to seid Mortga. gee as hia interest may appear, and each and e~•ery su~~h policy shall be promptly delivered to and held by eaid Mortgagee• and, not less than ten days in adran~e of the expiration•of each policy, to deliver to snid Mortgagee ° s renewal ~thereof, toRether with a receipt for thp premium of m~rh rnnewal; and there ahall be no auch insur- i ance placed on any ot said buildinR~, any intereat therein or part thereot, unless in the form and wlth the los~ payable aa atoresaid; nnd in the e~•ent nny sum oi money becomea payable under such polfcy or pollcies said Mortgagee shall have the option to receiee and apply the same on account ot the indebtedness aecured bereby or ' to permlt said Mortgagor to receive and u`e it or any part thereof for other purposes without thereby waiving s or impalring any equity, lien or right under or by virtue ot this mortgage: and in the event sald Mortgagor ahall for any reaso~ fai) to keep the said premiees so insurnd; or fail to dellver promptly any ot astd policiea o! ~ Inaurance to said MortgaRee, or fsil prompUy to pay tully any premium theretor, or in any reapect fafl to per- ~ form, diacharge, execute, effect, complete, comply ~vith and abide by this covenant, or any part hereof, aaid Mortg- sgee may place and pay for such insurance or any part thereot without waiving or affecting any option, lien. equity or right under or by virtue of thia mortgage, and the full arnount of each and every such payment shall be immediately due and payable and ahall bear interest trom the date thereof unt11 paid at the cate ot ten per centum per annum and together wlih such interest shall be secured by the llen of thfs mortgage. 4. To permlt, commlt or sufter no waate. lmpairment or det,~rioration of safd pmperty or any part thereot. 6. To pay all and eingular the cwta, chacges and expenxs, includfng nasonable lawyer'e fees and coet o! abstracts of title, lncurred or paid at any tlme by said Mortgagee because and/or tn the event of the fallurs • on the pairt ot the sald Mortgagor to duly, pcomptly aad hilly perform. dfscharge, e:ccute, effect, complete, ~ comply arith and abide by each and every the sttpulatlona. agrcements, conditions and oovenanb oi eaid promis- sory note, and thfs mortgage. anq or elther, and eaid costs, charges and expenses. each and every. ~hW be lm- medlately due and payable, whether or not there be notice. demnnd. attempt to collect or ruft peading; aad ths fWl amount of each and every such payment shall beu interest trom ths date thenot untU pald at the nte ot ~ tan per centum per annum; and all ~afd cosL, chsrgei and e~[pen~a~ w tncurred or paid, togetber aft2~ sucb in• terwt, ~ba11 Ds ~ecurcd by ths lien ot tAb mortgags. ` < , ; g~~212 P~1067 ~ , ' -~z - _«:~'-~.e„~, ~ ~ -