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HomeMy WebLinkAbout2386 +~+~~~k'~h y •.M •y~ i I j: 5,9.aQOD. - STUART, Florida, ---M~rCb_. -----~5------ 19.'r~ _ . y, FOR VALUE RECEIVE~, the undersigned, jointly and severally, PROMISE TO PAY to the order of _ ~ ; -JSDi8~--8l~C8--8~t1L,---a--,~lor-idu--baolt3.o~--oo~pol~tio~---•------ - - - ~ . - ~ ~wuawiwawwa~~-~a~aR~sw«wewuww~wa~wwewrw...~DOlLARS. ~ at ~p~Ci~,---------------- - . - -----or such other place as the holder ~ ~ -.~ifNS--~iC~1r-- - hereof may designate in writing, together with interest from date at the rate of . per centum per annum on the ~ ; unpaid balance until maturity. The said principal and interest shall be due and payable ~011070 t ~ 3 a6Z.Z8 a ionth, th~ llrst pa~ot b~ing dus on~ aonth lro~ ' 7 ~ ~ 1974 and continuin~ ior eaah ~onth tti~roatt~r until paid. s•na ; ~~6Z.98 paid each ~onth sl~ll ~irst b~ credit~d to int~r~st and tti~ ~ r~~alnd•r to the princi~pal oi thia obligation. This note ~ay b~ pr~pald ~ ~ at an~ ti~e ~ithout p~oalty. ~ ~ ~ j : ~ ~ ~ If de1~u1? b~ en~da to~ d+ri ~ p+Y~^~^t of ~nv ~nfhlllnMf of pinc:pal or inNrts~ a any parr ~hereof, ~he whole wm iF.e.~ .en+~~~.nq . ~•np.~d w~rA mrcrnt sF~all ~t holder'a op~:on becom~ d+ie and par+bl~ without nouc~. h~kor~ ro•,e~us~ s~ch option ahatl noi c ~ s wa~.er ol rhe *.qhr ~ . ro ~xlrc~u tM s~m~ in M+f fvMM of avbsq~enl def~ult. After malw~ty bolh Wincipal and xuued intNMt shall bl+r intc.esf al per cenr.m per ann„m ~nnl p~~d. TM m~ke~a M+d endo~un of Mis noq fwtAe+ w~~v~ demand, notic~ of non-payment and p~ot~~t. If M~a nofe ~s ~o~ pa~d ~t mar~r~ry and the +ame is ti• s p1~cW with ~n utonNy fa colNction, tM m~k~rf ~nd a+do?aK~ hweof NrN fo PaY dl costs of collMion. includ.np all cowr costs and reasonabt~ attorney fets. ~ ! -5 (SEAL) ~ ' S, ~C _ ~ - - ; E BNB G. (~MYSR ~t ~ y . ~ti ` ~L - . ----------------y-------------------p---------------- (SEAL . . :wW~T~~'kkh~+`w~{+fi+kktii~+~'».k~~}{w~+.k~vW~i~ ~+.~~1l,«:•{~~.~:r: :w~.:-~:~.k~.k'w.~,.''w ~»:,:w'-S :~h'h••;«; and shal! duly, prompUy and full3 peHorm, d~scharge, execut~, effert, cumplet~, ~omply with and abide by eaeh and e~'erv the sUpulations, agreements, cond~iiosis and covenants ut saiJ prum~saory nute and o[ ttus mortgage. ~ then this mortgage and the estate hereby created shall cease and be null and roid. ~ It is understood that each of the v?ords. "note," "mortRagor' wnd "mongagee" respecti~•ely and tne pron- ; ouns referring thereto, whether in the sinRular or plural an}ry?hPre in thls mortgage, shall be singular it one only ~ and shall be plural joint2y and se~•erally, if more than one, and sh:?!1 be ~nasculine, feminine and/or neuter, vrher- ~ eve: the context so implies or acimits. ~ Md said Diortgagor for himself and his heirs, legal representati~•es, succe.gsors and assigns; hereby coven- ant~ ann agrees to and with said 1?tortgagee, his legal representatives, su~cessors and assigns: 1. To pay all and singular the principal and interest and the various and sundry sums o[ money payable by virtue of said promissory note, and this mortgage, each and every. prompUy on the days respec4vely the same ~ severally become due. 5 2. To pay all and singvlar the taues, essessments, le~ies, liabilities, obli~ations and incumbrances ot every ~ ~ naWre and kind now on said described property, and'or Lhat hereafter may be imposed, suffered, placed, le~•ied ~ ; or assessed thereupon, andi"or Lhat hereafter m.iy be trvied or a_:s~~ssc~l upon this mortgage and/or Lhe indebted- ~ j ness secured hereby, each and every, w•hen due and payable acrord~n~ to law, be[ore they become delinquen~ ; E and before any interest attaches or any penalty ~v incurred; and in so far as an~ thereof is of record the same 3 j shall be promptly satisfied and dischargrd of record and the onkinal of[~cial doeument Isuch as, for instance, , ~ the tax receipt or the satisfaction paper ofticially endor:xd or certifiedl shnll be placed in the hands of said ~ ~ 3iortgagee w~thin ten days ncxt after payment; and in the e~~ent tha[ any thereof is not so paid, satisfied and discharged, said 1?lortgagee may at any time pay the same or any part thereot Kithout wai~~ng or affecting ~ any optiDn, lien, equity or right under or by ~'~rtu~ of this mort~agr, and the full amount of each and every _ ~ such payment shall be immediately due and )~arnble :inJ ~hatl bear intemst from the date thereof until paid ; at the rate ot ten per cPnturn per annum snd to~rth~r u-ith si~ch interest shall be secured by ihe lien of thia ~ k mortgage. ~ 3. To place and continuou~ly ke~p on the bu~l~in~s now or hereafter sftuate on said land fire and windstorm MaX1lRllm in such com- in9urance in the usual standard polic~~ form, in a sum n~t Icss than a i pany or comp^1Ers as may be a~~prc~~•ed bt sai~l :?iurtr~;r~~e: ami all such insurance policies on any of said build- ings, any interest therein or pari thereof, in the nr;r.•e;:ste sum aforPCaid or in excess thereof, shall contain the usual standard mortragee ~•lause mak:n~ the I~~~s ur.d~•r s:i?d I+olicies, each and every, payable to said DTortga- gee as his interest may appear, and each ar.d erPr•~• s~,~•h ~ticy shall be prompUy deli~~ered to and held by said 1liortgagee: and, not less than ten days in ad~an~e of the Pxpiration of each policy, to.deliver to srtid MortRa~ee a tene~val thereof, to~ether ~~•ith a receipt f~r thP prpmium nf aurh r~n~wal: and there shall be no such insur- ance placed on any of ~aid buildinRs, any intPrest th~rein or part thereof, uNess in the form and with the I~sa payable as aloresaid: and in the e~•Pnt any sum of mc~ney bec~mes payable under such pollcy or (x+licies said a Mort~aRee shall ha~•e the opti~m to r~cei~•e and 1ppl~ the sam~~ on account ot the indebtedness secured hereby or ~ to ~wrmit said ~Lort~aRor lo rc~ei~•~ :?nd ~~se it or any Part thercof for other piirposes without thereby wai~~tng or impairing an~ equity. lien or ri~ht under or by ~ irtue of tl~is mortgaRe: and in the e~•ent said MortgaKor shall ~ tor any rensoa fail to keep the said pr~niis~s 9n in~umd, or fail to deli~•er promptly any ot said policies of insurance to sa?rl rtorigaRee. or fail promptl~ to p~y fully any premium therefor, or in any respect tall lo per- form, dischar~e, execute, effect, completP, comply «~th and abide by thi~ co~•enant, or an} part hereof, said \tortg- 4~ aReP may plac~ and pay for such inaurance or any part thereof ~vithnut vraiving or a[fecting any option, liPn, ~ equity or right under or b~• ~~irtue of this mort~a~e, and the fuU arriount of each and every such payment shall ` ~ be immediately due and pa~•able and shall bear inlorest from the date therpof unttl paid at the rate ot ten per ~ centum per annum and to~ether w3th such interest shall be secored by the lien of thta mortga~e. s ~ To permlt, commit or sutfer no kaste, ~mpairment or deterioration of safd property or any part thereot. ~ ~ ~ 6. To pay all and sinRular the costs, charge~ and expenses, including reasonable lawyer'e fees and cost of ~ abstracts o[ title. lncurred or paid at any time by said l~tortga~ee because and/or 1n the event of the faflure ~ on the part ot the seid :~Sortga~or to duly, promptly and [ully penorrn, dlecharge, execute, effect, complete, comply vvith and sDide by each and every the stipulation~, agreement~, conditlon~ and covenante ot said promis- ~ aory note, nnd thi~ mortgaRe, any or either, and 9AId C09~, charges and e~cpensea, each er?d every, ahall be tm- ~ mediatdy due and payable, vrhether or not there be not~ce, deman~, attempt to collect or ~ult pending: and the full amount ot each and every auch pa~Tnent shall bear interest from the date thereot unt11 patd at the rate o! ten per centum per annum: and all eaid costa, charges and expenees so tncurred or paid, together with auch in- ~ terest, shW be eecured by the llea ot Ws mortgage. ~ eooK?..25 ~2380 ~ - - - ~ _ . , - 4 ~ : - 4 ~ ~ ~ ~ ~ c~ 1~~~~- ~ ~ w . . .