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Home My WebLink About2173 -.~_rc~G - ~ = 11 ~ 000_. 00 STUART. Florida. ~~/~'/L........ . 19 74 . j FOR VALUE AECEIVED. th~ uadersiqned, joinllY and se~eraUy. PROMISE TO PAY to ihe otder of 1 PERRX .$OSWFLL,...J.~.. . . DOLLIIRS ti Eleven.Thous.an~i....ans~..0.0/1QQ.---.-----.-.-.--.------------.-.-.---.-.-.--.-.- . ~ at P . . Q. ..Box .7.8.5......P.alm..C.it.y..F...Florida . . . o~ :~~h o~b~~ P~a~e as 1he ho)dcr ~ hcreof m~T desigaat~ in ~rritlnq. logelb~r wlfh inier~s! from dsie at !he tate oi 8. pet centum pcr snnum on the uapaid ' ti balance urtil maturilT- Th~ s~id prineipal ard. inte:es! :haU be due and payable as follows: ~ ~ In four equal semi-annual installments of $2,750.00 of the principal, , ~ plus interest then due, on January 2 and July 2, beginning January 2, ,1~ 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. y II i ~ i " I/ default D~ w~de fK 30 +.r. ~p IAe oa~eeet ol aar inslaliment ol Orincipal or interest or ~nr part t6ereef, tAe vhole sum lhen remsinin~ ~ ~~npaid ~il? iotcreat ~hall ~t IM1d~~~~ ~ptbn sne~ a~ .pa ~~r,e~~ rilAoal aot~ce_ Failurc to e:ercise such optiea ah~ll not conslitute ~raiver ol lbc r~~h. to e~enise tAe su~e iw 11~ e~ewl a/ a~b~eqYeat delaull. Afle~ maluritr botA Principa) and accrued iotereat ahall br.~r interest al . p~r ceetum ~er annuw uatil ryid. TAe w~aken u~d ewder~e?• el t~is aote tu?ther w~ive demand, netice ol eon-parmea and protest. If tAia note is not paid ~t ~ maturitp and t6e saoe i~ placed ~i1h ~n •ttorwe~ (~r colkctioa, tAe sak«s •nd eedorseJJJsss' hereot ~~ree to, pa~ all so:ts ot coUection, includin~ all court costs and re~~sedle ~tter~~~ 1ee~. ~ • ~ ~ I~l (j-t.~/a / ' ~'--~`G`C•~ ~C/ . ...........(SEALI Doris P. Coville ~crat i and shall dul}•, promptl~• and tulh- per[orm, discharge, execu[e, effect. completr, compl~ Nith aud abide b~• each and ecery the stipulatio~u. agreeme~us, couditions aud co~~eua~us oi slid promiswr~• note aud of this moreR:ige, theu this mortgage and the esa~te hereby created shall cea-e aud be null aucl ~•oid. • ]t is understooci that each o( the words, "note;' "mortgagor" and "mortqapee" respecti~elp and the prououns referring thereto, ~rhethcr in the singular or plurat am~Mhere in this mort~aRe, shall be sinRular if onr oul~• and shall l~e plwal jointl~ aud seceralh•, i[ mure than ~ne> and shall be masculine, leininine and; or neuter, ~.•here~•er tl~e co~~te~t so im~~lies or admits. :~nd said \IortRanor for himself and his heirs, ley~al representati~•es, successors and auigns, hereb~• co~euants aud agrees to and M ith s~i~l \(ortgaRee, his legal representati~•es, successors and ascigns: 1. 7'0 ~~a~• all aud siugular ehe principal and interest and the ~•arious anct sundr~• sum. of money pa}able by ~-irtuc of said prnmisson~ noce. aud this mortgage, cach aud c.~en, prompely on the da}•s respccti~'el~~ the ~amc se~~crally bccome due. ; 7'o pay al( and singular the taees, asses~mencs.-le~•ies, liabilities, obiigations anel incumbrances o( e~~er~~ uature aud E ~".III(I IION on said de,cribe~ci prnpert~~. and,'or that hereafter ma~~ be impo~ecl. ~u[tercYl, ~:laccd, le~~iecl or assessecl thereupou, ~ and'or that herea(ter ma~ be le~~iccl or a.uiseci u~~n this mort};a~e and Jor tlie ;nctebtecinrss Secured t?ereb~•, cach and e~er~•, ~ Mhen due aud pa}able accordin~ to 1:~M. I~e(ore tt~e~~ become clelinquent, aud be(ore any i~:terest auaehes or an~ i>enalt~• i, incurred: and in u~ far as au~~ thereof is o[ record the same shall be promptl?• sar'shed and dischar ;ed o[ recoret au~l ihe or- ; i~inal officcil elocument {~uch a.. (ur instance, the tax receipt or the sati~faction paper oftieiall~ eudursed ur crrtifieel) shall ' tx },laced in the hauds of ~ai~l >(ureRagee Mithin ten dacs next aRer Er~~meur. and iu the event t>>at am~ thereuf is not u~ ~ paid, satis(ied and dicchar~ed, said Jlortgapee ma} at an~• time pay tl?e same or ai~~• part then~?f Nithout trai~'in~ or af[ec.- ~ ing anc optiou. lien. equit~• or riKht ~u~der or b~• ~-irtue of th~; mortga;;e. and the (ull amount of each aud e~~er~ wch ~~a~~- ~ ment shall be immediatcl~ duc :+ud pa~a~~1c :~nd shall be~r iutrrett from the date thcreot unti! p~id :+t tl:e r~te of tcu per - cencum per annum aud to~ether Nitti such interest sl~all be secured b~• the lien ot this ~nortga~e. ~ 3. To place and coutinuousl~~ kecp on the Uuildings noH or herea[[er situate m~ saic! laud tirc and ~vind<torm is~sur- ance in the u.ual standard polic~• form. in a sum not less than the 1~iKhest insurable ~alue. i~~ such c~~mpam or cuin~~:?n+es as ~ m:?~ bc appro~~eci b}' sa?d ~Iortga~cc; and all wch insurancc policies on an} ot s:iicl buildin~s, au~' intctc<t thcrcin or parc - ~ thereof. in the ag,~;regate sum aEure~aid or in ercess thereof, shall contain tiie usual staudcud mortgagee clause making the # lo~s under s:?id policiec, each a~ld r~er~. p:~)able to said ~tortgagee ac his intere~t m:~~~ api>ear, and each aud e~~en sueh ~>licy ~ shall be pmmptl.• deli~erecf to auc! held b}• +aid \tortqagee: and, uot le~s than ten da}ti in ad.~ance ot the expir:uion of each z„ ~x,lic~•, to deli~•er to said \IortRa~;re a reuc~.al diereot. together ~.ith a receipt (~~r thc premium of such re~?c~+:~l: aud there ~ shall be no such iusurauce placed on au~• of said buildings, any interest thercio or part thereot. unless in the form and ~~ith ~`i the lo:c pa}-able as aforesaid: and iu the e~~ent an}' sum of mone~ becomes pa~able uuder such Ex~licy or policie~ saic \ ortgagee sl~all I~a~•e the option to recei~•e and apph• the same on account of the indebteciness secured herebc or to pern~it said ~:~rt~a- ~or to recei~e and u~e it or an~• part thereof fnr other pur~~ses witlwut t!zerebc Maicin~; or im~>airiu~; anc equit~~, lien or ripht under or b}• ~-irtuc o( this morty,agc: and iu the ecent saicl ~tort~nor sliall fnr an}' reau~n (ail to keep the said premises ; so insured, or fail to deli~-cr prom~~tl} an}• of said ~x~licies uf insurance to said ~lort~;agee, or tail pr~~inptl~~ to pa~• tul y at~~ premium theretor. or in au~- respect (ail to per[orm, discharge. execute, r[(ect. c~mple~e, com~~k ~cith a~~+l abide b~• this crn•- enant. or any part hereof, said ~(ortgaRee may place and pay for such insurance or auY par[ thereot N ithout ~.•ai~~ing or af(ectinR any option, lien. equit~ or right under or by virtue of this mortgage, and the full amount of each and e~•en• such = pa}ment shall be immediately d~e and pacable and shall bear interest (rom che date thereo[ uniil paid at thc ratc oE ten per centum per annum aud together with such interest shall be ~ecureci by the lien of this mortqage. - 9. To permit, commit or suffer no Maste, impairment or deterioration of said propcrt}• or auy part thereof. 5. To pa} all and singular the costs, charges and expenses, including reawnable la~~}•er's fees and cost of abstracts of - title. incurred or paid at anJ~ time by said ~fortgagee because andlor in the ecene of the tailare on the part o[ the said \(ortRagor to duly, promptly and fully periorm, discharge, execute, effect. complete. comph• with and abide L~• each and _ e~•ery• the stipulations, aRreements, conditions and covenants of said promissory note, and this mortRage. any or either, and s:iid costs, charges and expenses, each and ecery, shall be immediatel}' due and pa}•able. ~.hether or not there be notice, de- mand, attempt to collect or suit pendinR: and che [ull amouut of each and e~•ery such payment shall bear interest from the date thereof until paid at the rate of ten per centum per annum; and all said costs, charges and expenses so incurred or paid, toRet;~er witl? such interest, shall be securcd by the lien of this mortgage. i~ ~ eoa~ 226 PacE z17~ ~ ~ . ~ . : _ =s ,