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Home My WebLink About0317 ~ . . t 23u~~t!~ VERO BEAGH, FLORIDA A~~t 1973 _ In the manner tiere[nafter sct forth after date, l, we or either of u: promise to pey ro the order of Tlie Indlan Rtv~er ~itr~s Bank 7'went~r Three Thousand Seven Nundr~ ~nd n~IOU•••---••••--•--------•- for value rooeived. ~aYable at _ Pc~.et C~If~tC@ 8gac 1269~_Vero BeBChi Floslda-------------------- witi~ Interest from __~te_--_- st ths rate of ~~?~4 per cent per en~um umi! paid: interest psyable ~ S,j,~CIfI6d }IE~Ow Md Mch of w wirNNr rn~k~r. Mtor a~wdors~r. h~erb'l? ~wMr+W wa1+rM ~nd nnow~as ~n1? ~nd ap hon~lwd ~weMion ~Iylas v~ww~? : h~w wdv tIN CAnMbuHon or l~w~ of ~Sbte of florid~, a aM a1+M StN~. a lh+il~d Sat~s M p~MiN tN~ nolp ~nd wel~ i~wthr wa1vM dNa~nd, s nolio~ of noRp~Y~ a~fd prolNf, and In wMM h b~t~anN e~aw~ry /o aoWQ tAi1 noN dMO~pA ~n atbreN~r. pr~ !o p~? aq ootri af ooli~qbw ; i~ci~~Y ~woiybN a~a'nry's h~. ; Tlie princigal and tnter~~t due hereunder st~ell be re~?td tn 120 equal month~y tn• s stallments af ~284. ~5, inc~udin~ princlpel arxi i~rest, commenct~ on the lst ? ciay o~ October, t973, a~ contfnuin;; on tt~e ~aa~e day of each succeedln~; mon~ ' unttt the entire amount ~f ~rlt~ci~al er~d interest Is t~a1d in full. t~ll Psy~~ente shall ~y-~~ . ~1ki~1~ }3~~ ' - _-~_~~~!~3'~~ : . . ~ . . - ~ _ > tlan of t~~e principa2. F~i~ure to mak~e anY 1~Y~~ ~~~ttii~ thirty ~30j._~y~' ~fter _ : the same becomes due sha21. at tt~ optlon_of the payee. cause the ent~re remaining i balance to t~e dcte arid payable in iull. Rlg~it to prepay in wholc or !n part w.ithou~ ~ penatty Is reserv~ed. ~ ~ • ~ i i ~ I ~ - ° S SSiVSt01'e ~~~0-------------------- s ~~V$~Or@ B~~ O ~ - ~ _ - - _ - . , ry~~ ---/s- Ma - a,e------------------- ~tai•y~$ag~o xad sh:il! duly, promptly and fully perform, d~scharge, exccutP, etfect, complei~, comply w~th and abide by each ~ and e~~er~ thc stipulations, agrecments, conditions ar.3 covenants of s:iid prumis~ury note and of t~us mortgage, i then this mortKage and the estate hereby created sh:+ll cease and be null ar.u ~~m~1. = It is underatood thac each ot the µ•or~s, "noie," "mortgagor" and "mon~aKee" rospecti~ely and the pron- ~ ouns reternng tltereto, uhether in the sini;ular or plural anywhere in thls mnrtgage, 9hall be singular if une oNy = an~ shalt be plural j~~intl~~ and severally, if mure than one, and sh;itl be masculine, leminine and ~ur neu~,er, wher- errr the con.ext so implies or admits. And said MorLgagor lor himselt and his heirs, legal representati~•es, vucces.aQrs and assigns, hereby coven- ants ana agrees Lo and w-ith said 1?tortgagee, his legal reprrsentatives, succ~sis%~rs and assigns: } ~ 1. To pay all and singular the principal and intemst and the various and sundry sums o[ money payable by ; virtue of said promissory note, and this mortgage, each and every, promptly on the days respectively the same ~ se~•eratly become due. ~ 2. To pay all and sinRular the taxes, asses~mcnts, le~•ies, liabilities, obii~ations and incumbrances o[ e~ery nature an~ kind no~v on said described property, and!or that hereafier may be imposed, suffered, placed, le~tied or a~sessed Lhereupon, and; or tha[ hereafter may be lr~•led or ~~s~ssed upon this mortga~e and 'or the indebted- ness secured hereby, rach and e~-ery, ~a•hen due and payable accord~n~ to law, t~fore they become delinqnent, 8R(~ th~IOiQ $II~ interest aftaches O~ 3ll{: (1NRH~ty iS mcarred: and Ill so far as un~ thereof is of record the same shall be prompily satisfied and disi•har~;ed of record and the onKinal offlcial document Isuch as, for instance, ihe tax receipt or the satisfaction paper officiatly endora~d or crrtifiedl sha11 be pfaced in the hands of said ~Sort~agee v~-ithin ten days next after payment; and in the e~•ent that ~ny thereof is not so paid, satisfied and dischar~ed, said Diort~a~ee may at any Ume pay the same or any part thPr~M ~~ithout w•ai~-ing or afiecting ar.y op!ton, iien, equity or n~iu under or b~• ~•irtue of th~s mort~age, and lhe full amount of each and every su~h parment ghall be immed;atety due and payab;e and shal! bear inter~st from the dxte ihereof until paid ~ at the rate of ten per ccnturn per annum and togeth<~r w~th such interest shalt be secured by the lien of thia mortgaoe. ~ 3. To place and continuou~l}• kerp on the buildin; s now or hereafter sltuate on said land fir+e and ~~~ndstarm ` insurance in the u~uat standard policy form, irt a sum not less than afull.insurable_.value such com- ° pany or comp: yics as may be appr~~t•ed by ca;~l Ator.~a~re: an~i all suc•h insur.ince p~lieies on r?nv ~f s3id build- inKs, any interesl therein or pari thereof, in the u~~re~ate sum aforesaid or in rxcess thereof, shAi1 cnntain ihe usuat standard mart;;agee clause maken~ the lu~s ur.d~ r said policies. each and e~~ern, pa}able to said Dtortga- ~ee a~ his mterest ma~ appear, and each ar.d e~~e.-~• su~ h p~licy shall be pmmptl~ deii~•ered to and held Ly said TiortFagee: and, not tess than ten days in adranre of the expiration of each policy, to deliver to said Dt~rt~a~ee a ren~~~~a! thereof, to~elher ~:ith a receipt for the premium ~~f surh r~ne~~•wl: wnd there shall be no such :nsur- ance placed on any of ~aid buildinRs, any interest therein or part thereof, uniesy in the form and with ihe Inss payable as aforesaid: and in the e~•ent any s~m af money becomes payable under such policy or policiea said ~ btort~x~ee shaSl ha~•e the opti~~n to recei~e and apply the same on account of the indebtedness secured hereby or to ~rmit said ~tort~a~or to recei~•e and use i! or any part thereof for other pi~rposes withou?_ thereb~ «,v~-ing or im~.airin~; an~• eqi~ity. lien or ri~ht under or by ~•irtue of U~is mortgaRe; and in the event said ltort,a~;:~r shall for ar,}• reasoh f:+i1 to keep the said pr~mis~s so in~ur~d, or fai[ to deli~•er prompUy am~ of said ~licies ot insursnre to said liort~aR~e. or fail promptly to p~v fuliy sny premium iherefor, or in xny respect fa:l lo per- fortn. d~schar~e, excrute, eftect, complete, comply ~~-ith and abide bt this cutenant, or an~• I~art hereof, said ~fortg- a~e~~ may p1acF and pa~ for such insurance or xny part tT~ereof ~vithoui w•airin~ or affectinR an~ oPtinn, liPn, ~ equit~ or riKht under or bt• virtue of this mort~age, anJ thi full amuunt of ea~h and Pverv svch pa}•me~nt ahall f be immedia!ely due and payable and shall bear intPrest fram the date ther~of untlf paid at ttie rate of ten per ; centum per annum and together ~vith svch lnterest shall be aecured by ihe lien of ihis mortga~e. ; 4. To permlt, commlt or si~ffer na xaste, impairment or deterioration of said property or any part thereof. 6. To pay all end singular the costs, charges and expen~es, including reasonable la~ayer'e fees and cwt ot abstracts ol tttle, tncurred or paid at any tlme by sald rtgagee because andior in the event of the ta(lura on th~ part oi the said Mortgagor to duly, prompt2y ar.~? tully perforra, dlscharge, execute, effect, complete. co:opi ~ K-ith and abide by each and every the stipulation9, it;reement~. ~ono~Uons and covenanta of said promis- eor~ n;,te, and this mor_gage, any or etther, end said cost:. ; narges and expenses, each and every. ~hnll be Im- me,i~ tely due and payable, vvhether or not there be notia•, scmand, atte-npt to collect or sult pending; and the fu:l a.nount oi each a.~d every such payment ahall bear intr.revt Lrom the date thereof until pafd at the rate o! ten pe: centum per annum; and alt satd coste, chsrgea and expeneea eo fncurred or paid, together witA euch 1n- tereat, shall be secured by the liea of thia morigage. ~ aoaK 218 P~ 31? ~ ~ . _ - _ ~ u~