HomeMy WebLinkAbout2621 -..cE??:4~..nlil~l3i!i~:N«~.-~"i.t.'~•ci~!?ii?~
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6 000.00
a....., JEN8EN HF.~CH. ~o:w~. ..4~~01~:~....3Q.,.................. »...T..3....
FOII YALVL AECE111ED. tb~ und~rti~~d. ~otatlt aad Nti:al1T. PROMISE TO PJIY !o !b~ otd~s oi
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. .....~TT~T~EI~...BT~I.CH...BANK,...,a..Flor.ida_.Hanking ..Co~pcratinn .
.......~~~Six..Thouaand...and..no~lO.Q*~*~+~.#~~w.*~(S6,.OOD...~~.2~~~~w~.~~#*t~rra?,*.**~ DoLr.~ns.
at ._..J.Qlaf.lEl~.. .~Qx1C~+...,F.~.Q~~.~.d .............os such ot6~s p2sa u!b~ hold~r
l,~sw! miY d~at~nat~ ia writinq. lop~il?~s ~rlth iul~r~at lsoan dat~ a! !M sat~ ot .........A. p~s cyulum p~r aAnuai oa !b~ uapatd ~
bal~ncy natll msluritT. Th~ said psindpal aAd iut~n~! s1u11 b~ du~ at~d, paxabl~ 8a fO110W8 !
5121.66 each month for a term of aixty (60) months. '
Re.: Lot S406, Outdoor Resorte of America, Inc. at Nettles Ieland,
Jensen Beach, Florida, 33457• _
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1/ ~f~rh M fK la t\~ Nso~~t ~1 ~w7 iw~t~ll~nt orieciy~l er i~tuht K a~~ Mrt tl~rwf. l~~ ~~eb J~a rwld~~
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ua ~ Nt? Iwt~t ~A~II ~t ~r'~ e~tios wcow dw vA Nfa?b vlt4art ~et1c~. FaUrn 4 KaelN ~uei Mtlw sY~ll net ceNtltna • w~l~e ef t?~ '
r~~ t b~Ke1N tM ~aa~ i~ W lvsal Of ~~we~ ~t~ulu AItK MtYrihr bet? M~W+~ ui Kcrwi I~be~at ~WI M~r i~Hee~t at
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' psr lOqY~ ~~tU pN. T?~ wkK~ ~sd e~ws~r~ ~t 4i~ seq /nrt?~r ~i~• ~saaii, aetle~ s~-~~t ua MtMt If tW ab b~~t at
: mat~vltr aaa tA~ we~ 1~ ~I~cd vrlt? ~w ~ttoe~h lor colMct{o~. t?~ Mk~n • ~ors~ra ~~f b~~p ~11 cwt~ ot cel{~ctiM. I~elui4t ~U ce~rt
i co~t~ ~wi ~wwN~ ~tt~qr fNS.
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and shall duly, promptly and fully perform, d~scharge, executP, effect, completP, romply with and abide by each
and e~'erv the stipulations, agreements, conditioi~s and covenants of said prom~s~ory note and ot Lhia mortgage.
then this mortgage and the estate hereby created shall cease and be null and eoi.1.
It is understood that each ~ot the wor~, "note." "mortgagor^ and "mortgagee" respecti~ely and the pron-
ouns referring thereto, whether in the singular or plural anywhere [n this mortgage, shall be singular lf one only
and shall be plural jointly and severally, if more than one, and shall be masculine, feminine and/or neuter. wher-
ever the context so implies or admits.
j A.nd said Mortgagor for himself and his heirs, legal representatives, successors and assigns. hereDy rnven-
ant~ ana agrees to and with said 1?iorigagee. his legxl representatives, succrssors and assigns:
' 1. To pay a11 and singular the principsl and intereat and the various and aundry sums of money payable by
viriue of said pmmissory aote, and thia mortgage. each and every, prompUy on ihe days respectively the sama =
~everally became due.
2. To pay all and singular the taxes, assessments. fevies. Iiabiiities, obli~ations ttnd incumbrances ef everq
nature and kind no~v on said described property, and!or Ehat hereafter may be imposed, auffered. placed, levied
or assessed thereupon, andior that hereafter may be levied or assessed up~n this mortgage and/or the indebted-
ness secured hereby, each and ever~•, when due and rayable accoMing to law, before they become delinquent,
and before any interest attaches or any penalty is i~TCUrred; and in so faz as any thereof is of record the same
shall be prumptly satisfied and dischar~ed ot record and the oriRinal official document (such as, for ii~stance,
;he tax receipt or the satisf~ction paper officiaily en~iorsed or ceKified) shall be placed in the hands of said
2~Sortgagee within ten days next after Payment; and in the e~~ent that any thereof is not so paid, satisfied and
discharged, said biortgagee may at any lime pay the same or any part thereof wlthout wai~-ing or affecting
any opti~n, lien, equity or right undcr or by ~•~rtuw of this mortgage, and the full amount ot each and every
such payment shall be immediateiy due and payatie and shalt bear interest trom the date thereof uniil paid
at the rate of ten per centurn per annum and tn~eth~r with such inLerest shall be secured by the tien o[ thia
morigage.
3. To place and continuously keep on the builciin~s now or hereafter aituate on said tand fire and windstorm
' insurance in the ti~ual standard pulicy form, in a sum not less than E- in such com-
pany or comp^~irs as may be approced by ~ai:l ATort;;a;z~~e: ami :?1! si~~h insurance ~licies on any ot sttid build-
ings, any interest therein or part thereof, in the n~~rr~ate sum aforesaid or in excess thereof, shall contain the
usual standard mort~agee clause makinR the l~,.s ur.~irr said policies, each and every, payable to said 1ltortga-
gee as his interesi may appear, and ench ai:d e~•e; t' st!rh Fu~licy shall be promptly delivered to and held by said
l~tortgagee; and, not less than ten days in ad~an~e of the Nxpiration of each policy, to deliver to said MortgaRee
a reneival thereof, toRether Hith a meeipt fnr th~ prPmium ~f anrh r~newat: and there shall be no svch insur-
ance placed on any of ~aid buildinRs. any interest th~rein or pxrt thereot, unle,cs in the form and with the loss
payable as atoresaid: and in the e~•ent any sum of mnney becomes paysble under such pol(cy or T?oliciea said
Mort~;a~ee sha11 ha~•e the optinrt to recei~•e and apply the 4Ame on arrount ot the indebiedness securecf hereby or
to pPrmit said :~iortra~or to re~ei~•P 1nd uce it or any part thereot for other purposes without thereby waiving
or impairing an~ equity, lien or ri~ht under or by ~•irtue of this mortgage; and in the es•ent said Mortgagor shall
for any rPason fail to keep the ~aid prem~s~s sn in~ur~d, or fail to deliver promptly any oi said policies oi +
insurance to said \tort~aRee, or fail pmmptly to p.i}~ f~~lly :tny premium therefor, or in any respect fait to per-
form, dischar~e, execote, etfcc~[, complete, comply ~~-ith and abide by this covenant, or any part hereof, said 1ltortg-
aRee may place and pay f~~r such insarance or any part thereof without kaiving or affecting any option, lien.
equity or riRht under or by ~•:rtue of this mort~a~c, an~ the fuU amount of each and every avch payment shall
be immediately due and pa~•able xnd shall bear intPrest from the date , themof until paid at the rate of ten per
centum per annum nnd together H ith such interest shall be secured by the tien of thia mortga~e.
4. To permlt, commit or siiffer no Kaste, impairment or deterioration oi sald property or any part thereol.
b. To pay all nnd ainRular the costs, char~es and expenses, including reasonable lawyer'e fees and cost ot
abstracts of title, incurred or paid at any time by said 1?iorigagee because and/or in the event o! the tailure
on the part of the said Mortga~;or to duly, promptly and hilly perform, dfscharge, execute, effect, complete.
comply with and abide by each and every the sttpulation~, agreemenW, c.ondiUons and covenants ot said promi~-
eory note, and thi~ mortRaRe, any or either, and said cosis, charges and e~cpensea, each and every, shall be Im-
mediately due and payable, whether c?r not there be notice, demand, attempt to collect or ~uit pendin~: and the
fuit amount of each and every svch peyment ahall bear interest tmm tha date thereof unt11 pafd at the rate oi
ten per centum per annum: and all satd coata, charge~ bnd expenses eo fncun~ed or paid, together with eucb in-
terest, shall be aecured by the Ifen of this mortgage.
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