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Home My WebLink About1324 . ~ , 11 716.00 . S~TUART. Florida. ...._...••-~'.~~L~h...2~~.. 1! 7.~- - t ..........t ~ FOR VlILUE HECEIVED. !b~ uad~rsiqned. JointlY and s~~erally. PROMISE TO PJIY !o ilu ord~~ ot.....•- ~ _.PERRY...H4ST~IELL.....JR.. - - _ Eleven _Thousand...Seven.._Hundred. _Sixteen__.and...901~Q0.-_-.---_-.---.----..__._. noLi.,~as. a~ P. _.0.. Box. 785.~. Pa1m..City~....Florida . ....os snc~ o~: p~. ~ :n~ hereoi m~Y d~sigoat~ ia wrilio~. lo~~th~r wiih iai~r~s! irom dals ~i td~ ~ate o! 8.... . pet c~ntum Pet asu?wa oa tb~ 4°W'd balanc~ uallt m~iur{tt. TA~ s~id princ~lpal aad inl~r~st sb~ll b~ duc end payablc as tollows: In four (4) equal semi-annual installments of $2,929.00 of the principal, plus interest then duie, on January 2 and July 2, beginninq January 2, - 1975. ~ . ,The makers may prepay any part or the whole of this indebtedness at any ~time after January l, 1975 without payment of penalty therefor. ~ t ~.Q...... /a~~ iw tA~ M~eat ot ur iwstal4~eat ~1 ~rinci~l o? iwt~rss! K ai~ rrt tieee+f. Ne ~rl~1e w~ t~ If delault w~de (er unpala rrilL inte~tst sl~atl ~t Ls1iK'~ MtNa ~ews ~w ~wJ ~a~ab4 ritAwt w~lice. Fa~lure to e:ercise wci ~ltiN a~rl Mt cMitit~k w ri~til to e+cercise t\e ~a~e i~ tM ~~s~t ef wbse~wrt ietaolt Atter MLYfIf~ ~l~ P~MUVV ~Ad KC~rt~ ute~est skall ksr i~~eeesa a~ - ~e~ yer \AOY~ ~~til pid. T4~ e~abn u~ ew~K~e?a el t6ii eete Irrt?er ~~i~e iesa~d. w~tke e( ae~-p7~~t M~~- 11 tiis ~k ia wt ~ai~ d maturit~ auJ t?e ~+oe b VlaceA ~ftA aw •ltK~ey (K celkttiea, t6t sakers ana eadorsers ~ereet a~rce b~a7 aN h+b ~~1 coib an1 rN~M~ble ~tt~ne~ le~~. , 1 ~ ~ , . _~,~':~e~.tl.~ - - - ~ ~ arles W. Bowr ng ~_.Cc..~-• . -~t..~?-- _ . _ .cs~a ' lie W. Bowr n ~ .~.t.~ and shall dul}, promptly and [ully perform, discharge, exerute, e[(ect, complete, complp Nith and abide b~ each and t~~er~' the stipulations, agreements, conditions and co~•enanis of said promissor} note and of this moreg~ge, then thu mortgase and the estate herebp created shall ceace and be null and ~~oid. It is understood that each o[ the words, "note," "mortgagor" and "mortgagee" respect~~~el~ and the pronouns rtierring thereto, whether in the singular or plural an}~here in ehis mortgage. shall be si~~gulu it one onl~• and shall be plural joindv and se~~erally, if more than one, and shall be masculine, feminine andlor neuter, Nhere.•er the concezt so implies or adm~u And said A(ortgagor for himself and his heirs, legsl repre<_entaei~•es, successon and assigns, hereb~ covenznts and agrees to and with said \tortgagee. his legal representati~•es, successors and assigns: L To pa~~ all and singular the principal and interest a~id the ~•arious and sundry sum=. of monec pa~-able b~ rirtue o[ said promissory note, and this mortgage, each and e~•ery, promptly on the da~•s mspectivdy the sau~e se~-enllc become due. ; 2. To pay all and siugular the taxes, assessments, le~ies. liabilities, obligations and incumbnnces o( ea-ers iuture and !I kind now on said described propert~', and.or that herea[ter may be imposed, suften~, placed, levied or assesst+d there+ipou• and;or that hereaiter ma}r be lecied or acsessed upon chis mortqage and/or the indebtedness securcd hemb~. pdi and c~-m~. I Nhen due and payaUle accordiuq to law, before they become delinquent, and brtore an~ interest anxhes or an~- pe~uln- is ( iucurred: and in so far as any thereof is of record the same shall be pmmptly satislied and disct?arged o[ record and tt~r or- igiual officiai document (such a+, for instance, the tax receipt or the sati~taction paper otficialle euc;oned or certitied) shall be placed in the hands of said ~(ortgagee ~rithin cen days next after p:~}7nent: and in the ei-ent :hat a:~c thfmot is not so paid, satisfied and discharged, said \tortgagee may at any eime pa~~ d~e same or an? part therrof ~rithout M-iiring or atltcc- ing any option, lien, equity or riqht wider or b}' ~'~rtue o[ th~s mortgage. and the full amuunt ot each and ner~~ such pa~- ment shall be ~immediately due and pa~~able and shall bear interest from the date thereof witii paid ~Ize rate oi tcn per centum per annum and togett?er with such interest shall be secureci b~• the lien ot [his mortgage_ 3. T'o place and concinuoush• keep on the buildings noN or hercafter sieuate on said I~nd [ire ~s?d M:nd:iorm insur- ance in the usual standard polic} form, in a sum not less than the highest insurable ~-alue, in such compa~n or compan~rs ~s ma} be approved by said ~iortgaqer, and all such insurance policies on anr oi said buildiugs, auv intercst therrm or pjrt thereof, in the aggregate sum a[oresaid or in excess thereof, shall contain the usual staudard mortgagee ci~use m~ku:g the locs under said policies, each and e~~ery. pa~•able to said \tortgagee as his interest ma}~ appear, and ~ach and ecera such polic~ sl~all be prompd} deli~•ered to and held b}• said ~Iortgagee: and, no: lesa than ten da~•s in ad~-ance of the expintion oE e:ch policv, to deli~•er to said :1(ortgagee a renewal thereof, cogether Nith a receipt (or the premium ot such reoeM~i: and the-r shall be no such insurance placed on any ot said buildings, any interest therein or part thereof, uniess in the form and with ehe loss payable as a[oresaid: and in the event any w?n o[ mone} be~omes pa~•able under wch polic~• or policies :aid ~1ort~agcr shall hace the option to mceire and apply the same on account of the indebeedness secured hereb}• or eo permie said \fan~- gor to recei~•e and use it or any part thereof for other pur~ses without thereb} vcaicin~ or impairinR an~• equit~~, lien or right under or by ~irtue of this mortqage: and in the e~•ent said \fortgagnr shall for an}~ mason fail to keep the said prtmises so insured, or fail to deli~-er pmmptly any of said policies of insurance to said ~iortgagee, or fail prompd~• co p~~ tull~ an~ premium theretor, or in any respect (ail to per[otm, discharge, execute, etfect, complete, comph..iih ar.d abidr bc tfiis coc- enant, or any part hereo[, said :1lortgagee may place and pay tor such insurance or any part themot ~.ithcwt ~cai~ing or a(fecting any option. lien, equity or right under or by ~irtae oi thu mortgap,e. and the full amount oE each uid rstr~ suc~ pa}'ment shall be immediately due and payable and shall btar interest [rom the date thereof until paid at the nte o[ ten per centum per annum and together with such interest shall be secured by che lien o[ this mortgage. 4. To permit. commit or sutter no waste, impairment or deterioration ot said prapert}~ or an~ part thereof. 5. To pay all and singular the cosu, charges and expenses, indudiuq reasonab3e law-~er s fees and oost o[ abstracts ot title, incurred or paid at any time by said Aiortgagee because and lor in the e~-ent of che (ailure on the pin of che sa~d \tortgagor to duly, promptl} and [ully pedorm, discharge, execute, effect, compleee. comply with and abidc b~ e2cfi and e~•ery [he stipulations, agreemenu, conditions and rnvenanu of said promissory note, and this mongage, an~ or eicher, and said costs, charges and expenses, each and every, shall be immediately due and payable, r.hether or not chere be nocice_ da mand, attempt to collect or suit pending: and the full amount of each and eaery such pa}ment shaII bear intemt fram tbe date thereof until paid at the rate of ten per centum per annum; and all said aosts, chaiges and e:pensa so inaurod a p~d. together with such interest, shall be secured by the lien of this mongage. aoo~226 ~132~3 ~ ~ 4_ - - _ ~ ~ _ Tw°~~. < . . ~ _ . . : . . - . - ~