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HomeMy WebLinkAbout1342 ' _ M~,r.~h. _1.8,--- 1~ 74 ~ i q~.~. OQ STUART. Flerida. t..2.6., . . ~ FOR VALUE RECEIVED, ih• uadusi~n~d. iolatlY snd se~eraUY. PROMISE TO PAY to tM ord~r ot - - . . . i .....~~RRY BQ$WELL,... ~7.R.. _ - - - . - - ~ ..._7~`wentx..S~x...~'.h0~l~and...~line...Hundred Ei.qhty..and---00~100----_---_-_------. not.i.Aas. ! ~ Qx....7.~.~. ~~~,~..~i~y..~...Florida _ __o~ ~a o~s u ~ ~ , ,iP. O. A ~ hueot m~T d~tiqaai~ ia wdliu~. lo~~lb~s wUh inUr~s! irom dale at !b~ r~te o! S per ceatna per aesas os Li~r usWd e ~ balanc~ until maluritT. Th~ add ptiadpal and iat~:~a! shaA b~ d~e ai?d pa~aDk as tolb~a ~ ~ 1 ~ In four (4) equal semi-annual installments of $6.745.00 of the principal, i ~ ~ i plus interest then due, on January 2 and July 2, beginninq January 2, ` ~ 1975. ' ~ ~ . ~ The maker may prepay any part or the whole of this indebtedness at any ~ ~ time after January 1, 1975 without payment of penalty therefor. e i • . - ~ ~ ~ ~ ~ , ~ ; . ~ • . ~ ~ ' tt a~t.~,~~ s. a.e~ t« ...30..... +.r• +e ws•~~i ~••s wuu~~.e ~f ~ei~i+~ ~ i~te~e~t ~r rrt tfarad. ~!e ~l~ir ~ e~ ~sa:rs 1 3 u~~af~ ritL inltrtst ~Aall st `ol~er'~ Nti~e ~ecow~ ~n+ aaJ ~a~aW vit~Mt aetict. Faiirrie N e~ciw s~c? ~ti~ aW ~ra c~a~et~te ~a~ar ~f de ~ ~n ; ri~bt le esercis~ tAe ~e in tbe emt ~1 ~u~seq~~t ~eladL Alter ~ataeit~ Ntl ~ri~ci~+l a~ +~c?~ai i~crrst s1aY ar° ~s~ st a'i~ ~ yer annue~ dwtil ?a/d. The iwaL~rs ~w~ ~a~arser• ~1 t?is sete Irn?er r~i~e Jea~a~. Nt+ce ~t w~-Wa~~ l~+~+~- !f LLb M~r b rt ~~ii a~ ~ maturitr and l6e uiae fs pucei ~it? ~w ~ttNW~ tK eeUeeti~w. t?e a~akers •eJ e~Iw~a*s 4a+e+1 +K~ v W+~ ~b v°~ ~~~t ~ ( tesl• aed re~senasle ~ttxwe~ (ee~. { ' ' ' 1 ' ~~.M__wQ~._.TRAD$_,_.__INC., - _ ~Ll ~ ' ~ . . . _ _ ~ - By : ~ - ~ : - - ~ cs~?L? ~ - ~ ~ - ' - - _ -r- ' i • " yliYliam E~~ AmsZer 3ri-._President i . 1 ~ _ - - - - - - - - - iSEl1Li ~ _ . - = ~ (Corporate_=3c~aY) - - - - - - - , ~ ; ~ l ~ ~~~~~.a....~a~~~~___.-- - - - - and shall dul~, promptly and full~• perform, discharge, execnte. ~ect. compleee. comp~c r?itF ux~ ib~e 6~ e~ a°~~~ the scipulaiions, agrecments, conditions and co~~enants o( said promissor~~ nute aad ot this morcg~g. chen this mort~~ ~ the estate hereby created shall cea~e and be null aud ~•oid. It is understood that each oE the words, "note," "mongagor' and "mortg2gee' respecti~~e1~ u~d ~hC PTVa°°°s ~~'nS thereto, whether in the singular or plurai an}where in this mort~ge, shall be siugul~r if one aui~ and shall be p1un1 p+n~ and se~~erally, if more than one, and shall be mauuline, feminine and~or neucer. w~her~er the ~~%ee~L 3° °s And said ~tortgagor tor himsel[ and his heirs. legal repm~enuti~es, successon and acsigtts. h~rrb~ co+enu~ts aed a~gees to and with said \tortgagee. his lep,al representatices, successors and as~igns: 1. To pay all and singular the priucipal and interesc and the •-arious ai~d sun~is~ sum~ o~ mones Pi`~bk M n-nue °f said promi~~or~• note. ar.d this mortgage, each and e~rr~•, prompdy on the d~~z respectircl~ the szme x'+eraII~ b~+~'~ 2. To pay all and singular the taxes, assessments, le.ies, liabilities, obligatiur~s ai~d inc~bnnces d e'sm iucun u~d kind now on said de,cribecl projxrt~, aud %or that herea[ter mav be imposed. sutfemi. placrd. lesied ~~s-s~xd tha~flPa'`''- and Jor that herea(ter ma}' be lecied or a.~sessed upon this mongage a~xi : or the indebtod~ess saurc,d herebT• exh and c~e~- when due and pa}~able accordinK to la~, be[ore t2ie} become delinquent, acd briore am- ia:eer~st ~tcx~es c+r ar~a prnaltc is incuned: and in so [ar as au~~ thereo[ is of record the same shall be promptl~ s:tistied u~d discha~cd o[ mo:d and cix o~- iginal o([icial <loevment (such as. [or instante, the w: receipt or the saei Sactan paper otticialh el~rv~ or crr•ifie~, ~.'ull b~ placed in the hands of said \(ortgagee Mithin ten da}'s next atter ~a~menr. and in the e+rnt that ~s~c eherr.~f s ewc w paid, satisfied aud dischargc~l. ~aid ltoregagee ma}' at an~ time pac the same or am- ~art chercz~I *~~t2wac s-a~`=s?= or ai~~' inR an}' ~ption. lieu, equit~ or righc under o: Lv ~•inue o( this mortgage. and the full amount nS exh ar~d e~:r_T snch pa~ ment shall be immecliately due a~id pa~•able and shall bear interest from the date thrreot until ~aid zt ~lee nu of ~en pez centum per anuum and together Mith such iriterest shall be secured b} the lien oi this mort~a~e. 3. To place and continuouslc keep on the buildings now or hematter situate on s~id la~~ (ire znd t.:~d.tnsm ir.vu- ance in the usual standard polic~ torm, in a sum not less than ehe bi~;hest inwnble ~•alur. in such com~?an. os :+",s~~n~cs ~s may be approred b} said ~tortgagee: and ~ll such insunnce policia on an~ o! said bui3dings, ain inttrrst t~c-rti~: .,r p~~rt tiiereoF, in the aggregate sum atoresaid or in excess ehereof, shal! ccntain the u:.ual st~~~dard martg~get d~use m.su~$ t~e lo;s uuder said policies, each aud e~•ern. pa)able to said \tortga~;ee as his interrst ma~ appur. ud eac~ and r~r-r such pdic! shall be promptl~ delicereci to and held b~ said ~tortgagee: and. not less th~n ten da~s in ada-znce ot the esp:ntian of exh policy, to deli~•er to said ~Iortgagee a re~~ewal thereof. together ~+ith a rcteip: ior i}?e ~xem:um ~t such reucxil= ac~d ehC=~ shall be no such iusurance placed on an~ of said buildinRs, an~ interest therein or pari thtreof- utiless in el~t form ~nd ~cith the loss pa~able as aforesaid; and i~~ the e~•ene an}- sum oi mone} becomes pa~able un3er wch polic~ ar policiea :aid ~tu~t~jE~+e shall ha~•e the option to recei~e and appl~ the same on account of the indebtedness secured t~reb~~ or to perm~t sa~d ~!ore~s- gor to recei~•e and use it or a~c ,~art thereof for other purposes M ithout thereb~ ~cais-ing or impi~riie~ an~ egast~- lieo o~ right under or by ~•irtue of this mortRage: aud in du e~-ent uid \(ortgagor shall ior ~n~ rr~son fail eo krep the said premzses so insured, or tail to deli~•er promptlf an}' ot said policies o( iusurance to said \1ort~gec_ vr fail prom~lc co ps~ [u11~ a~~ premium there(or, or in any respect fail to periorm, discharge, execute. rftrct. complete. comph- r-i:h ar~d abidf bs ehis cu.- enant, or any part hereof, said ltortgagee mav place and pa~ for snch ins~uu~ce or ans put the~'eof ..ich.wc ~cai•i~ .x affecting any option, lien, equity or right under or by ~irtue of this mortgage. and the inll amount °i eacl~ and ~`'erT sncb - pa}'tnent shall be immediatel} due and pa}able and shall bear interest from the d~te therro( until paid it tbc raie oE cen per ceneum per annum and together r.ith such interest shzll be xcured b~ the lien oi thu moregage- 4. To permit, commit or suifer no wa~te, impairment or deteriontion oi said propa-c~ or anf p,ut tl~erto~ 5_ To pay al{ and singular the costs, charges and expenses, induding teis~onabk l~w-cer s tea and oo~t a[ a~xttxts oi title, incurred or paid at any cime by said ~foregagee because andior in the e.-~nt of the failure on the put o[ t~'t sa:d ~tort~agor to duly, prompdy and [ullr per[orm, discharge, ezecute, eftect. complete. compl~ *~cith and zbide b. ~ci~ ud ecery the stipulations, agreemenu, conditions and co~enants of said promissorp noee• and ths moryCage• a~~ °r ~ said costs, charges and expenses, each and e~ery. shall be immediaulc due and pa~~ablr. vcbether or noe tbere b~ not~ce- a~' mand, attempt to collat or suit pending: and the tull amount of tath at?d e~'e~} svch p~`ment sha~ bnr mt~e~ b°~ t~e date t6ereof until paid at the rate oE ten per centum per annum: and all said ooau, chitgts and ~p~a so :n~red Pi~ together with such interest, shall be secuted bv the lien of this mortgage- eac~ z~ ?~1~ - - - _ _ _ ~ _ a=