HomeMy WebLinkAbout2683 .'•'.f.~.~.S?S?Sr~itiS4S~.4+.fi's•.~.~.L~r•.~.•.•~•:.•.:•.'.•.'.•.•.•.•.•.•.•.~.•.•.•••.'.•.~.•.•.•.•.•.•.•.•;
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s~0, 000..00_ Port St. Lucie, Florida October 31 , 1973 ~
FOR VALUE RECEIVED, th~ undersiqnsd, ~ointiy and sevenlly, PROMfSE TO PAY to the orde~ of S#IIRLEY M. FLOOD ~
~ aad.. gTbBLYD~._IS1~B,~LLS-CROWN-. - in cama4a xiLhout riqhts_ of surviv~rshiy~
THIATY.--T.~iDUSAND.--and--OQ/lOO------------------------------------------~DOIU?RS, fi
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at _ - : - . . . - - or sucl~ oths? placs ss tb~ holdor ~
heroof ~nay designat~ in writin~ toyethe~ with i~terost from _4CtOb6r 3 I 1~.T3 ~
a? th~ nt~ of fl.5_ per centum per annum on the unpaid bslance until maturiry. The said principal and in~erosf shaU ~
be dus and payable as follows: In equal monthly insta~lnpnts ot $295. 44 each ta be paid ~
on the lirst day of ench and every month hereafter beqinninq November 3~, ~
; 1973 and contiAUinq until the~first day of October, 1988, at whiah time, ~
the entire principal balance with iaterest ahall become due and payable.
; Each auch monthl inatalments shall be a lied firat to the
. y PP payment of ~ .
; intereot on the unpaid balance and then to the payment ot princfpal. ~
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~ Ii d~f~uh bt mad~ for lrj dsps ia tM paynanl of sny insull~nl of principsl w inNnsl ot +wr p~rt fMr~of, fM whob svm tMn ~smaininy •
uepsid wi~h ieMnst sAall ~t hold~rs opiiow becom~ dw and payable Wi}hOW l101it~. F~1~Y?~ ro~:~rcis~ srch option sMatl no1 ionuitut~ ~ waiwr oi tlw ~
right te ~x~?cis~ tM sanw ia tIN ~v~n~ of fYbf~qYM1 d~fault. Aft~r ~naluritp both p~incipal and sccnr~d inhr~sf shall b~at inM~~sf af p~~ c~ntum
par YIAY111 wuil psid, TM nuk~n and ~wdo~n ef this aoh fu~l~e? waiv~ d~mand, Rotic~ of nonpaynknt and prot~st. i/ this woh is not paid a1
m»wity and tb~ sanN is plac~d with an aMOrn~y for coll~ctan, ~h~ nuk~rt and ~ndon~rs Mreof apr~e to pa sll costs ef coll~ctions inc ~d-iea co~H
cosh +nd t~atoeabb ,++e.,,.r f..,. The respective shares ~g t'.h@ payeee 'herein n~q s~l~1,1
: bez SHIRLEY M. FLOOD - 50g= BTHSLYNNS ISABELLS CROWN - SOt.
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~ 'L~/~,., geI Farina (SEA~) :
% FI1E011M0 REC R E "~O~'
sL lUC1E COUN~r ~u~. `~,~`T . . Jo5 r`F~y4 '~4Ri/?~ ~s~?~~ ;
ROCE~ POiTq~: ~ M. Josefina Farina
C~ERK C!liCU1T COiJJlT _
pEGORO~YERtf'IEQ;~~,~- (SEAL)
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and shall dul}, promp4ly and [ully perform, discharge, execute. effect. completr. compl~ Hith and abide by each and e~~ery~
~he ctipnlaeinn.. aRreemenis. cvnditiu~„ aud co~enau~s n[ sa~d prom~swr. notr and of this mort{;a~;r. ~iiro t}iis moTi~;a~;e and
the euaee hereb}~ crea~rd sha11 cea~e ai~d !~e null and roid.
It is undentood that each of the Nords. "note." "mortgaRor" aud "mortgagee" res~~ecti~eh• and the prnnouns referring
thereto, whcther iu ~he sinRular ~r plural ~mwherc in tliis mort};a;e, shall be singular i( onc onh~ and shall bc plural jointl~
ar?d se~•erall}'. if more tha~~ one, and shall t~e mauuline, feminine and!or neuter, w-here~•er the coutext sr~ impliec or admits.
~nd said \IortRaRor fur 1?im~el[ and his heirs, le~al repre•.e~~tati~es, succes~or. and a+si~;ns, hrreb~~ cocenantc aud agrees
to and with taid .ltort~agee, his Ic~al rePresentati~es, sutcessors a~~d as,i~~i+:
1. 'l~o pa~• all and siuy;ul~r the prin~ipal and interest a~?d thc ~~arious ~ud sundn• swm of rttouc~• ~ii}ablc by ~•irtue of
said promisux~ ~~ote, and chis mort~a~e, each and eren•, prnmpdc on the da}•s respecti~•el~• the ~ame se~eralh become due.
To pa~ al! and sinGular ttie c~xes, asses~meiics, le~-ies, liabilities. abli~ationc aud i+uambrances of e.en• ~~ature and
tcind noK- ~~n said ele•cribed propertr. :~ud or that herra(rer m:~y be imposed, suffered, placed, leeied or :~scesseci thereupu~~.
and~or that hereafter mac bc Ic.ic~ci or a.scsced upon this mort~aRe and~or the indebtednecs ~ecured hereb~•, each and e~erv.
rvhen due and pa~~able atcordinQ u~ l:iw, be(ore the~• become drlinquent, anci be(ore am• i~uere~t atwche~ ~?r am~ ~xnaln~ ia
i~uurrcd: and in u~ (ar as anc thercof is of record [he same shall he prompth• s:itisfied a?ed dischar~ri! ot rccorcl and the or-
iginal of(icial c[ocume?et (~ucl~ ac. fnr iustanee, the ta~ recei~t e?r the sati,taction paper ~f(icialh• end~?rsrd nr crrtiGrd) shal!
be placed in the hands ot sairt ~(~rtGaRce within icn da}~s ucxi aRrr p.~~mcut: and in the c~~ent rhat am• tl~ereot is not so
paid, satisfied and clischarfied, said ~(ortRagee may at any time pa} the vame or am~ part tl~ereof ~.ithout wai~•inR or af(ect-
inR an~• option. lien, eyuitc or riqht under or b~ ~-irtue of th~, mort~a;e. ar~d tl~e (ull amount of each and e~~erv such pa~-
ment shal! be immcdiateh• due and pa~ablr ancf ~hall bear inccrest Irom the date thereof until paid :~t the rate uf tca Exr
centum per annum and toRe~her with such interest shall be secured bv the lien of this mort~age.
~ 3. To p)a~e and cr»,tinuou~h~ keep on the buildingx now or hereafter situate on saici land fire a~ul ~eiud.torm. insur-
' ance in the u,ual ~tandard ~licr (orm, i~~ a sum not less than ~he highest insurable ~•alue. in such compau~ or ~~~mE~anies as
' ma~ be appro~•ed by said ~tortRaRee: and all such nuurance policies on an?~ of said t~uildinRs, any interect therein or part
: thereo[, in the aRp,reRate sum a[~resaid or in excess thereof, shall contain the uwal st~ndard mortgaRee clause making ehe
' )ocs under said policies, each and e~~ery, pa~able to said ~tortga~ee ac his interest may appear, and each and e~•en• such policy
; sha11 be pmmptly deli~erecl to and held b~• .aid \IortRafiee: and, not lesc than ten da~s in ad~ance of ehe expiration ot each
' ~x,licy, to deliver eo said ~IortqaRee a renewal thereof. toqether Mith a receipt for ~he ~xemium of such renewal: and tl+ere
~ shalt be no such insurance piaced on anr o[ ~aid buildings, any interest therein or part diereo(, u~iless in the form and with
~ the loss payable as aforesaid: and in the event any sum o( mone~ becomes pacable under such policv or ~,olicies .aid \tori~agee
f shall ha~•e the option to recei.•e and apply [he same on account o[ the indebtedness secured h~reb~ or to perniit said \tort~a-
~ Ror to ztceiFe and use ic or am• ~art thercof for other pur~ses Mithout thereby w~ai~•in~ ar impairinR an~ eyuit}'. lien or
riqht under or by ~•irtue of this mort~aqt: arid in the e~~ent said ~lottgagor shall for anv rcax~n (ail to kecp ehe said premises
so insured, or fail :o deli~~er promptly any of said ~litiec ot insurance to said ~tort~aRee. or (ail prnmptl}' to pa~ full~• a~~y
ptemium therefor, or in any respect fail to perform, discharge. ex~cute. etfect, mmplete. e~~mph N ith ar.d ~bide be this cnv-
~ enant, or any part hereo(, said ;~tortgaqee may place and pay for auch insurance or any part thereof h•e~hout wai~•ing or
affecting any option, lien, equity or right under or bv virtu~e ot this mortgaRe, and the tull amoune of each and every such
payment shall be immediatel}• due aud pa)able and shal! bear interest from the date thc~eo[ until paid at the rate of ten
per centum per annum and together with such interest shall be ~ecured bv the lien of this mottqaRe.
~ 4. To permit, tommit or sutter no wute, impairment or deterioratiot~ ot said propert~ or any part thetcof.
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5. To pay a!! and singular the costs, charges and e~tpenses, including reasonable law}'er's fees and cost of abstracts o[
title, incurred or paid at any time by said Atortgagee because andlor in che e~•ent of the tailure on the part o[ the said
~tortRaqor to duly, promptly and fully pertorm, dixharge. e~cecute, e(fect, complete. comply with and abide b~• each and
e~•ery the stipulations, aqreements, conditions and covenants af said promisu~ry note, and this mortRa~;e, any or either, and
~ said costs, charges and expenses, nch and every, shall be immediately due and payable, whether or not there tx notice. de-
mand, attempt to collect or suit pending: and the [ull amount of each and every such payment shall bear intemt from the
date thereof until paid at the rate of ten per centum per annum; and all said costs, charges and expensa so incurrrd or paid.
' together with such interat, shalt be secured by the lien of this mortgage.
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~ goQK 220 PA~2679