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Home My WebLink About0307 :~:w ktifi~~+h~~kti+h~~h ~SV'~M+~k~hk+h:~'k+ti ~ S lOj_QQQa.QQ._,__..,_ STUART, Florida, Au~u3t 24, ~q ?3 j FpR~ V~~U E RE IVED, the undersig:.ed, jointly and severaily, PROMISE TO PAY to the order of _ JENSEN BEACH ~ BANK, a ~lorida bankin~ corporation ~ - - - - ~ 7'E~V~'~'`~`#O~A~D AIYD NOIlOU~~~~~~.~..~.~~..~~~~.~~~w~~~..~~~~~.wwrr~~~~~~~~.~~~~.~~ _ i; OUARS ~ . . _ - , at - _ ..or such ofher place as the holder ~ hereof may designate in wri~ing, together with interest from date at the rate of ~0. per centum per annum on the unpaid balance until maturity. The said principal and interest shall be due and payable in sixty (60) equal ~ = installment payments of $ commencing on September 24, 1973. :i ~ . ~ ? ~ _ tf del~ult be m~d~ fa 30 d~ys in t6~ o~yen~nt of ~ny insullm~nt oI W~ndpal a~n+aea~ a aoy pan ~hereof. ~he wl,ote s..m ~F~., .ema~~:,q ~ • unpa~d w,tA ~nteres~ sA~fl at holdei a opr~on ~ecom~ dw ~nd wr+El~ withou~ nor,c~. Fa~Iur~ to •aerus~ sutA oDt~oe s~slt r.o~ conanr~~e a w~:ver ot :be * q~~ • +o •aerc~ie 1M s~~+e ~n M~ event of iubsp;xM dshult. AGer maw~ity bofh prindpal and ~ccrwd ~nt~rNt sha11 ben icrerest ar per cenr_m per ann„m • unnl paid. Th~ mat~r~ ~nd ~ndoraep of M~s ~ote fwilu. w~~w den,and, noi~c~ of ean•p~ymenf ~nd p~otnt. If ~h~s no+e h.w~ pa~d ~t mar,n~~ ~nd rhe snme ~s • = o~+ad w~M ~n attorn~y fw cdf~cuon, th~ en~k~~s ~od endw~s Mrwf ~pn~ b p~Y •11 coah of eo!l~ct;on. ;nclvd.rr9 ~U courr cos» ~nd rea:onabl~ a~fomer fees. j : ~ ' ; ~ : :z ~R:~~7~RY-~A~LpH;--~'R~-._____.__ _ _ tsEA~~ ti _ - i - y . (SEAI) . . : :Nlh2ht-0~k'wwWw~?Ww'k~++ti+ti'~fititi+ti{ .k~.~k'h'h.kk~~}S'h'h~.~~.'~:~~.''~+:~ti ».h:»:•swti : . : -.tiv : :~iw :•ti+s . . :w . . . :~ti . . . . . . and shall duly, promptly and fully Fx+rform, d~schar~e, exPCeti~, effe~r!, cumplet~, ~rnm~,ly wtLh and abide by each and e~'er~ the stipulations, agrecments, cond~t~uns aud i•ov.nants ~,i said E~n,~uassury nute and ot ttus mortgage. then this mortgage and the estate hereLy created ~hall cease and t,e mill ana ~•o~d. It is understood that eaeh of the wor~s. "note." "mortRagor' and "mortRagee" respectit•ety and tne pron- oqns referring thereto, x•hether in the sin~ilar or plural any~L~re in this-f~aregage, shall be singular if one only and shall be plural jointly and severally, if mure than one, and sh:?11 bc insi.sculine, fem~nine and.~or neuter, veher- ever the context so implies or admits. And satd Mortgagor for himself and his heirs, tcgal representate~•es, succe~sor8 and assi~ns, hereby coven- ants ana agrees to and N~th said biortgagee, his legal representatives.succ~ssors and assigns: 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by virtue ot aaid promissory note, and thia rnortgage, each and every, promptly on the days respectiveiy the same aeverally become due. 2. To pay alI and singvlar the taxes, asses.~m~nts, lea•ies, liabiiities, obl~~ations xnd incum6rances ot e~•ery _ nature and kind now on ~aid descnbed property, and or that hereaiter may be imposed, suffered, placed, le~~ied or assessed thereupon, and%or that hereafter m.iy be i.•vzed nr ~~s~•ssed upun this moriga~e and'or the indebied- ness secured hereby, each and e~•er}•, w•hen ciue an~i E~a}able acroni~n~ G~ law, be[cire they become del~nquent, and before any interest attaches or any penalty is ~iicurrrd: an~i in so far as ~y thereof is of record the same shall be prumpLly satisfied and dischar~rd of rec~rd :u~d the onRin31 off~cial ~iocument lsuch as, [or instance, ihe tax receipt er the satisfaction pal~er ofticiaily en~i~rsed or c~rt~t,ed~ shall be placed in the hands of said Mortgagee v~~[hin ten days next a[ter nayment: nnd in the e~•ent ihat any thercof is not so paid, satisfied and discharged, said 111ortgagee may at any time pat the same or anV part thereM v~~ithout wai~-ing or affecting any option, lien, equity or r~glti unrier or b~ ~•~?•t;~r of thss mort~a~r, and thc futt amount of each and e~~ery such payment qhall be immediatply due an:f ~~a~:~b,e an~l sh:i11 irear intcr~st from the d~te thereot until paid at the rate of ten per c.~nturn per annum xnd E~~~r:h~r ~tith such mterest shal! be serured by the lien of this mortgage. 3. To place and cont~nuously ke~p on the bu:I~i~na;s n~,w or hereafter altuate on said land tjre and u~ndstorm insurance ~n the usua] standard pi,Ii~y forn:, in a ~urr. nnt tesa than S 10~ 00 Ire such com- pany or cornp' zi.~s as may b~ a~~prcn•rd bt ~a:~l ~fur'~;n~re: :~n t aU ~u~h insur:tnce pnliciea on any of said build- ings, any interest thrrein or part thereof, in the a~~r.~e;ate sum aforPVa~d or in excess thereof, shall contain the usual standard mnrt~x~eP ctause makin~ the l~~~s ur.~i~~r s:ud pol~ri~s, earh anc! e~'er~, payable fo said Atortga- gee as his interest may appear, ani each ar.d ~~~F:y .~u h pul~c~• shall be promptly deli~•ered to and held by said Diortgagee; and, not less than ten days in adranre ~f the Pxp~rat~on of each policy, to deliver Lo said AtortRa~ee a reneival thereof, to~ether x~ith a rereipt f~r thP prPmium nf q~~~h r~newal: and there shall be no such insur- ance placed on any o[ said buildin~s, any ~nterest th~rein or p~rt thereo[, unleas in the form and with the loss pavable as aforesaid; xnd ~n the ei•Pnt any sum t~f m~~nPy be<•~me+ payable under such policy or pnli~ies said Mort~;a~ee shail ha~~e the opti~~n to r~~cei~•e and arplp tt~e ~amc~ ~~n ac.ount ot the indebtednesg secure~l i?ereby or to ~rmit said :11ort~a~or to recei~•r 1nd vse it nr any pnrt ther~nf for other pur~roses without lhereby w~atti3ng or impairing any equity. lien or ri~ht ~nder ~r by ~•irtue of th~s mortga~e: and in the eveni said ~iort~aKor shall for any reaso~ f~:l tn ke~p the said pr•~mtiQ~,s s~ in~ur~d, or fail to deliver prompUy an~ of sa9d ~ticies of insurance to sa~r1 rinrt~aRre, nr fai! nromptl~• to p;~~• t~illy any premium therefor, or in any respect fail to per- form, dischar~e, execute, .~ffe~t, compl~tP, comply u~th and abi~le b~ thi9 co~•enanL, or an~ part hereof, said \Sortg- - ageP may place and pa~ f~~r such in4i~rance or an~• rart tfiPre~~f ~vithnut k•airing or attectinR any o~tion, liPn, equity or ri;Rht under nr b}• ~•iriue uf this mort~;a~~, and thr full an~ouni of each and every auch payment shall be immediately due and pa~•able nnd shatl bear ~ntPrest from the date ther~of until paid at tFie rate oi ten per centum per annum xnd toReih~r with siuh interest shall be qecured by the lien ot thla mortgaRe. 4. To permlt, commit or stltfer no i~•asie, lm~+airmeni or deterioration of sald property or any part thereof. 6. To pay all and sin~ular the costs, char~es and expenses, including reasonable lawyer'a fees and cost of abstracts of title, incurred or paid at any time by sald rtortgs~ee because andior ln the event ot the faflure on the part of the said bior[~aRor to dulv, promptly and [ully peKonn, discharge, execute, ettect, complete. comply v~~th and abide by each and every the stipulation~, agreements, conditlon~ and covenante ot said promL~- sory note, and thi~ mort~aRe, any or etther, and safd CA9I.l, charRes nnd expensea, each and every, shaU be im- mediately due and papable, w•hether or not there be nofice, demand, aitempi to collect or suit pendir~: and the full amount of each and ever~ sucA payTnent shwll benr intereat from the date thereot until pald at the rate of ten per centum per annum: and alt eaid co~ta, charge~ and expenaes so lncurnd or pald, together x~iih auch fn- terest, shW De secured by the llen of thla mortgage. ~00~2~8 ~c~ 307 - _ r ~ ~ ~ ~~z.~- , - ` ' _ , _ _ . - . _ ~r.~a`~;~s