HomeMy WebLinkAbout2848 . . _ M
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` 172,500~00 ~
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; S.._---• - STUART, florida, . 19.73
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FOR VAIUE RE~EtVEO, the undersigned, jointly and severaHy, PROMISE t0 PAY to ths order of..__......._..._..____._...
JEN~$AI_BE~~AHK~..3.. ~~Q~~....1~.AI1~.
l~~.t3~. ~4~!?4x:A.~~~2A....__...._._..
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ndred .~@Y
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T~us~asl~'~t~i~n~tr~~l_~d~.a.a~lQQ.----------...oo~u?as,
at _Jen.~~.n BQ.~S~.~._~..Q~~4~.__ ~ ~ '
_..or such other place as the holder
hereof may designate in w~iting, together with interest from date at the ~ate of~.~ S__.~ per centum per annum on the
unpaid balance until maturity. The said principal and interest shall be due and payable aa follow8:
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On or before six months from date hereof.
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If d•1•vU t,. ,,,.d• ia -•---,~0_~ d~y tn ~h.
u~ ,~d wceh in~a„r a1+st1 u Aotda'~ wY~nt o/ uiy tnNal(n~~nt of Wintip~l a InfNa~ or +~w P+~ ~be~wi, 1h~ wAol~ wm tMn ren~rininq
'i ° opna^ bKOT~ dw ~nd wr•bN w~rlq~t no~~c~. F~~Iw~ lo •ruc~~~ ~uch opnon ~Aatl net cap~y?ut~ • wa7vN el M~ riyAt
: ~o •.erc~~• ~M ~am~ in tM ~wnt of ~4E1fQ'JM! df~~Ylt. Ali~r n.~h,ri~y poM princip~l ~nd ~cuu~d inr~rM1 ~A~II b~~r inrM~st ~t ~ V
• u~~~i p~td. i1w m~kaa ~nd enda~a~ of ~hi~ nore funA~r wtiv~ d«n~nd, notK~ ol non-p~yn~~n~ ~nd o.a•~~. If ~A~ _ pK c~nhNn pN a~nww x t
• v~+cW with ~e ~ttw , i not~ i~ nof p~id ~t marw.
'a MY ~a coll~ttion tM malan ~nd u~do~Nn hwwf • ~Y ~nd M~ ~aen~ ii
nd p coll inc If cow? cosa ~nd reasansbb ~rbrnq fNS.
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and shalt duly, promptly and fully pertorm, discharRe, execut~, eltect, cumplet~, ~omply w~th and abide by each
and every the atipulationa, agrecments, conditiuna a~~d rovcnanta ot s,vd prum~ssury note and oi this mortgage.
then this mortgage and Lhe eatate hereby created sh:?11 ceaae aiid be nul! snn ~•a~d.
It ia underatood that each at the wonls, "note." "mortgagoC' and "mottgagee" respectively and the pmn-
ouns referring thereto, whether in the sinqular or plurnl anywliere !n lhls mortgage, ~hall be aingular It one oNy
and ahall be plural jofntly snd severally, i[ mure than one, and 9ha11 be mns?culine, feminine and/or neuter, wher-
ever the context ao impliea or admits.
Md sald Mortgagor for himselt and hie heirs, legsl representatives, aucceasors and aasigns, hereby coven-
ants ana agreea to and with said 1?tortgagee, his legel repreaentativc~, aucce9sors and aseigna:
1. To pay all and aingular the princfpsl and interest and the vatious and aundcy euma ot money payable by
vlrtue of said promissory note, snd this mortgage, each and every, prompqy on the days tespecUvely the same
severaDy becoma due.
Z. To pay all arid sinqvlar the tnxea, easesxmenta, levies, Iiabiiities, obliRationa aad lncumbnnces of every
nature and kind now on said de~cnbed prope~ty, and/or that hereatter may be impoaed, euffered, ptaced, levied
or asaesaed thereupon, and/or that hereetter may be levfed or a.s.aes~ed upon this mortgaqe and/or the indebted-
neas aecured hereby. each and every, when due and payable acconiinq to law, betore they bec.ome delinquent,
and before any intereat attaches or any penxity iv irrcurrrd; and in ao tnr aa any Lhereof is of record the same
shall be promptly satisffed and dischur~rd ot recor~i and the onRinal otf~cial documenf (auch aa, tor i~~tance.
Lhe tax teceipt or the satistaction paper officially en~foraed or certi[iedl shall be placed in the hand~ o! aaid
Mortgagee within ten daye neat After payment; and in the event that any thereof ia not so paid, aatiafied and
dlscharged, aaid Mortgagee mey at any time pay the aame or any pert thereot without wai~~ing or aitecting
any optiOn, tien, equity or right under or b} ~•irtup ~t iMa -mortgaRe, and the tull amount of each and every
such payment ahall be immediately ~fue and {~ny:~bie ~nd shail bear intere~t trom the date thereof until paid
at the rate ot ten per ccnturn per annum r.nd tu~eth~r w~lh surh interest ahati be aecured by Lhe lien of thii
moMgege.
II~ 3. To place and continuously kerp on the bwldm~e now or hereattes sltuate on aafd land Are and windstorm
MAX~IDLIII1
j insurance fn the usuai standaM paficy form, in a surn nnt le,x~ thnn = _ 1n auch com-
I pany or compan:cs as may be approvrd by savl Aiort~;a{;~•e: an~f nll 9urh insurance ~licies on any ot said build-
E ings, any interest therein or part thereof, in the a~~r.~~;ate aum aforrvaid or in exce~~ thereot, shall contain the
~ ueuai atandard mertRagee clausae mak~n~; the I~~:~v ur.d~~r said policlr~, each and every, payable to said lltortga-
gee as his interest may appea~, an~i ench an~l eeery su~•h p~licy ahall be promptly dpiivered to and held by eaid
[ Mortgagee; and, not less than ten days in ad~•anoe ot the expirntion of tach pollcy, to dellver to anid MortgaKee
~ a renewa) thereof, toRether with a receipt f~r thr pr~miam M rurh r~newal; and there ahe]I be no such insur-
ance placed on any ot aaid buildinRa, any intereat th~rein or pnrt thercof. unlesa in the form and with the loas
payable aa atoreaaid; and in the erPnt any aum ol mnney becomea payable under such policy or policiea aaid
~ MortRaRee shail have the optfon to recei~•e and npply ttie axm~ on account ot the Indebtedness aecured hereby or
~ to permit said MortRaRor to recefvw and u.e it or eny pArt thercot for other purposes wlthout thereby waiWng
or impalring any equity, lien or nRht under or by virtue of tt~is mortgage; and In the event said Mortgagor shall
` tor nny reasnn tAil to keep the aatd prpmi~~~ ro in.ur~d, or fall to deliver promptly any of aald policles ot
' Inaurance to said Mortga~CFa, or fai! promptly to pay tully any premfum therefor, or in any respect taU to per-
form, di~scharRe, ex~cute, effect, complPt~, comply w~th snd abiJe bv this covensnt, or any part hereot, aaid Mortg-
agee may place and pay f~~ euch inturance or anv petrt th~renf w~thnui Kalvi.ng or sifecting any option. 1ipn,
equity or right under er by virtue ut thia mortRaKe, anJ tbc fuli amount of each and every such psyment ahall
be lmmediately due and pa~able end ehell bear Int•rest from the date ther~of unt11 patd nt the rate o! ten per
centam per annum ~nd togetber with such fntereat ahall be secured Dy the 1len of thls mortgage.
4. To permlt, commft or sufler no xaste, fmpairment or deteslontfon ot safd property or any part thereot.
6. To pay aU and alnRular the costs, charAes and expenses, including reasonable lawye~~ teea and cost ot
aDatracts ot title, fncurred or pafd at any tlme by sald Mortgagee becsuae andior ln the event of the laliure
on the p~rt of the sald MortgaRor to duly, promptly end Nlly pertorra, dlacharge, eserute, etfect, complete,
oomply wtth and abide by each and ev~ry tbe atlpulationi, asreementa, condtUon~ and covenant~ ot satd promis-
wry note. and W~ mortRs~e, sny or efther, and eald costa, cbsrgd and expetuea, each and every, shall be Im-
medfetely due and payaple, whether nr tsot there be notlce, Aemend, attempt to colkct or sWt pendlnR; and ths
fWl amount ot each and every iucb payment ~hsil bear fntere~t from ths dat~ tbeceot unW pald ~t the rate ot
ten p~r centum per annum: and att ~atd cwts, chsrgei and sspeaMr ~o lncurrsd or paiq, toaether w~ith iucb fn-
terat. ~hW bs ~ecused by th~ Ilen ot thl~ mortga~~.
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900K
' ~ p 214 ;~~~2845
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