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Home My WebLink About1562 `1..~7.•. ~ . STUART. Florida. . . . . ..I~`' Z - 19~3 : ~ FOR VALUE RECEIVED, !h~ uade~si red. joia ~lY and s~r~rally. PROMISE TO PAY !o ih~ ord~t o! .f;arl.. ~,~`3r as_Exe~?4~4r..0f.t?O E~:te.~f..~~_~l,bur._.:w.....L~h,...~.:'~eas~i.. r' ~~~~~~~w~e~t~t!~e~tw~w~w+w~we~ew~eewuw+w+wwtwawtw~wwiw+RRw+~~www~. DOLLARS. eB..... QuS d.._.. ..BQd. ~ Q~ at ...~1 ~~`~.~..g~~_~~~.. ~~~~~.....~Ori~A ,.44..?r,~ oc such other place as !he holder . her~oi maT d~siynat~ iA writiaq, to~eth~s Mrith inter~s! irom dal~ a! !b~ :at~ oi per centum per an~um on the unpaid balaae~ until enatarilT. Th~ said ptindpal and interes! shall b~ due and payable as follows: pqgable !n ~:i~ht .(8) equal semi anaual installment~ of ;'376. ~0 of the principsl to?ether ~xith the Lnterest then due~ the fir~t payr: ent bein~ due ~eptember 2, 19?3, f and to continue esch sixth month thereatter until Fully paid. 1'his note maq be ~ prep~id at a~y time the m~lcerr de~ire u,-itho•~t pe~nlty. ~ , _ It dela~~lt bs madr for ~O dars iu th~ payeent ot anr installment of p?incioal o~ interest or any parl tAereot, tAe r`~ole sum tAen remainin~ unp~~ ritb intertst shall at holder s option become due aad oa~aAle ritAout aotice. Failure to e:e~cise such opl:on ~Aall not con~titutel~ wraiver ol Ihe ri~At to eaercise the sa~ae in the eveat oI subsequent de(au1L Alter asaturily botA p?incipai and accrued intireat sh~il Aear intcrrst at ! per cenlum per annum uatil paid. The makers and eado~sers ol this note turtAer v~~e demand, notice ot non-payment and protest. If this note i: not paid at matu~i~y and t?e same is v~~~cd ~r:th an attorae~ ter collection, the makers and eodorsers l+ereo( a~ree to pay all costs ol collcction, ~~cludin~ all court costs and re~ionable aitorner (na. . . --~-~'aul~ ~?......=.ana.l3~:rsr.- _ csEaL~ _:oret~tiia~~I;. --oii~idson ~ ~ . _ . . . . ISEAL) 1 and shall duly, promptly and fully perform, diacharge, execute, effect, completP, r.omply with and abide by each and every the stipulations, agreemenLv, conditions and covenants of said promis~ory note and oi thia mortgage. then this mortgage and the estate hereDy created shall cease and De null and void. It is underatood ihat each of the wonis, "note," "mortgagoY' and "mortgagee" respectively and the pron- ouns referring thereto. whether in the singular or pluml anywhere in thla mortgage. Ahall be singular if one only and shall be plural jointly and severally, if more than one, and shaU be masculine, feminine and/or neuter. wher- ever the context so implies or admits. And said Mortgagor for himself and his heira, legal representativea, successors and assigna, hereby coven- ants ana agrees to and with said Mortgagee. his legal representatives, successors and assigns: 1. To pay all and siagular the principal and intereat and the various and sundry sums ot money payable by virtue of said promisaory note, and this mortgage, each and every. prompUy on the days respectively the sams aeverally become due. 2. To pay all and singular the taxes, as.9essments, levies, liabilities, obligations and incumbrances ot every nature and kind now on said described property, and/or that hereafter may be imposed, auftered. placed, levied ~ or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ~ ness secured hereby. each and every, when due and payable according to law, be[ore they become delinquent, ~ and before any interest attaches or any penxlty is incurred; and in so far as any thereof is of record the same shall be prumpUy satisfied and discha sed of record ssnd the ori~;inal official document (such as, for instance, I the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and discharged, said Mortgagee may at any time pay the san?e or any part thereof without wai~ing or affecting any optibn, lien, equity or right under or by ~•irtue of this mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall bear intemst from the date thereof until paid at the rate ot ten per centurn per annum and together u~th such interesl 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 and windstorm insurance in the usual standard policy form, in a sum not less than M~X1muII1 in auch com- pany or comp^nies as may be approved by ~3i~1 1lfort~a~ce: an!i nll such insurance policies on any of said build- ings, any interest therein or part thereof, in the a~~ra:~ate sum a[oresaid or in excess thereof, shall contain the usual standard mort~agee clause makinR the lu~s ur.d~r said policies, each and every, payable to said btortgar gee as his interest may appear, and each ar.d e~•ery su~•h policy shall be promptly delivered to and held by said lliortgagee; and, not less than ten days in ad.•anre of the expiration o! each policy, to del3ver to sxid biortgagee a cene~val thereof, toRether with a receipt tor the premi~im of atlrh renewal: and there shall be no such insur- ance placed on any of caid buildinRs, any interest therein or part thereof, unless in the fotm and with the lose payable as aforesaid; and in the e~•Pnt any sum of money becomes payable under such pollcy or policies said Mort~agee shall have the option to recei~~e and apply the same on account of the indebtedness secured hereby or ~ to permit said Mortgagor to receive and~ u~e it or any part thereof for other purposes without thereby waiving or impalring an~ equity. 1[en or ri~ht under or by virtue of this mortgage: and in the event said Mortgagor shall for any reason fail to keep the said premises so insamd, or fail to deNver prompUy any ot said policies of insurance to said MortgaRee, or fail promptly to pay fully any premium therefor, or in any reapect fail to per- lotm, discharge, execute, etfect, complete, comply ~~~th and abide by this covenant, or any part hereof, said Mortg- ~ agee may place and pay for such insurance or anv part thereof without v~aiving or affecting any option, lien, ~ equity or right under or~by virtue of this mortRage, and the full arrioimt of each and every auch payment shall be immedialely due and payable and shall bear intPrest from the date thereot unttl paid at the rate of ten per centum per annum and together with such fnterest shall be aecured Dy the lien of thie mortgage. 4. To pe"rm1t, commit or suffer no waste, impairment or deterloration of said pmperty or any part thereof. ~ 6. To pay all and singular the costs, chargea and expenses, including reasonable lawyer'e tees and cwt of abstracta ot tiUe, fncurred or paid at any time by satd Mortgagee because and/or 1n the event oi the tallure on the part ot the said Mortgagor to dulv, promptly and fully peKorm, dlacharge, racecute, effec~ completa. comply with and abide by each and every the stlpulationa, agreemente, condiUon~ and oovenanta of said pmmia- sory note, and fhia morigage, any or etther, end sald costs, charges and eapenses, each and every, ahall be Im- mediately due and payable, whether or noi there be not~ce, demand, attempt to collect or euit pending• and the ~ full amount of each and every auch payment ahall bear intereat trom the date thereoi unW pald st the rate oi ten per centum per annum; and all eafd cwta, charges snd e~cpenses so /ncurred or paid. Wgether with sucb !n- ~ terest, shall be secured by the lien of Wa mortgage. eooK 212 PACE ~.562 ~ ~ ~.,Y~=`.,` _ ~ ~ , ~ ~ =