HomeMy WebLinkAbout2245 . ~ ,
= 5:000 00--- VERO BEACH. FIORIDA ---_-Aj?3'~1__?~ 197'~---
. ~r
_AS _ber~ioa~~gr iQ~~t~---- afte~ date, i, we or either of us promise b pay to the order of
CH$YS BOBS&TSOH1~----------------------------------------------------------------------
l~ivv Thousraod aDd No/ 100--------------~--------------------------DOLIARS
fo~ value received, paYable at _~~!te i_ Boz 320~„_p~rQ $~a~~i~_F~.4~i~.d~ ~2~9~4~- 4~
euch other ~lace as_~sye~_ say ~e~i~na~s _iq fri~ip~~______________ with interest
at the ~ate of ~ cent annum until id, nterest abte __~1.9.-~ltl~]l~------
from aat~ per per Ps ' i PaY
Md wch d w wAMM? m~kw. ~uv~nta or ardors~r.lw~b'!~ ~rw?aly? walws ~nd r«+ounas ~n1? ~nd aN honwtNd ~x~nption ripkts w~ m+a?
h~w vnd~r tM CotntNvlion a laws d th~ StaN of Florid+~, or +nY othw Stat~. o? W~ibd St~e~ M ap~itrt tlw not~~ ~nd wth furthK wdvM dMn~nd.
notiu of noRp~Y~ +^d P~• ~nd b w~?t N b~oomp n~oK++rr 10 oo11Kf MN no1~ lhraipl~ an ~fto?Mf4 +W~ b P+1? ~II aos» of oolbctbn
y~d,dinp rw~ombb atwrn~Is fM.
The prinoipal and interest du~ h~round~r ~hs?1.1 be due and payabl• io
o?ootbly inatall~enta ot =60.00 co~oencing on the lst day o! Jun~, 18T4,
and continuin~ on tbe-s~ da~ oi •acb eucceedio~ ~ont6 thereaiter until
paid in tull. Said pay~eot shall inclnde principal and interest, ~?pply-
ing tiret to accru~d intertet~ tben to the reductioo oi principAl. Io
the evant any pay~ent is not aade •itbin thirty day• aiter its dte date,
t6e rate of intereat shall incrsa~e to 9.6~ on th~ uopaid priacipal bAl-
aace uotil th~ pa~ots ar~ ~~de correot. Ii any pay~eat becoa~~ de-
liaquent for a period ot_Lbree iontba or ~?ore, the ~ntir~ a~ouat o!
priacipal and interest shall bs du~ and~payable in lull at tbe option
ot the paye~. ~ailnr~ to ~sercis~ auch optioa io t6e •veot oi any de-
fautt eball not con~titut~ a waiver oi tb~ right to es~rciae such option
in tbe event o: aa~ eetbs~qnent deiault. 1ti~6t to pr~pa~ in ~bol~ or in
part ~itboat p~aalty i~ r~s~rved.
' 3tate Stamps in the amount of Lo is Itenna
t $?.50 affixed to original note -~byt~-~-~a ~
~
' and cancelled. /s/ Joan Stone
Na Due--------- SEAL
'.?Oi~Q~'$fbi~---------------
xnd sh:ill duly, promptly and futll perform, d~schar~e, executP, effect, c~~mptet~, ~~~mply ~v~th xnd abide by each
and e~'~~ry Lhe sL•pu:aUons, agrecmenis, cond:tiu:is and co~'enants ~f s;ud l~ru:ncssvey nute A71u uf tlu9 mortRa~e,
thFn this mnr;~;age and the estate hereby creatcd sti.ill ceasc and Le nutl anu ~ t,r f.
li ~a underst~x3S that each of the ~~'or~is. "note." "mortkagor" and "~nnrt~;:~xee" respecti~•elp and the pron-
oiins rrfPrnng ti~ereto. ~+'hether m the sin~ilar or plural an}~shere in this nu.rt~;:iKe, 9IlAI~ bP v~nkular ~f une only
an~i stiait be piural jointlt• snd sr~~erall}•, if m~~re than one. nnd sh:ili be tnxsi~ul~t~e, f~m~r.~ne and ur n~~uter, k•her-
e~•cr [he cor..ext $o implirs or adtnits.
An3 said ~iortgagor for himself and his he~rs, lcgal representati~•ea, surresaors an~ aysigr~s, hereby coven-
~ ants an~ agrees to and H-ith aaid 211ortgagee, h~s legal reFrrsentath•ca. ~w_~:~•syr~r~ and ass~gns:
i
~ 1. To pay all and singular the pnncipal and interest and the variou9 and sundry sums ot money payable y
! virtue of said promissory note, and this mortgage, each and erery, promptl}~ on the da}•s respectively the same
E se~•e~ally become due.
i ,
~ 2. To pa~ all :?nd sin~ilar the taxes, a~ses~mcnts, le~•ics, liabili2ies, obG~aUons auvf in~•umbrances of e~'ery
° nature and kin~1 nc~~ on said desenbed propert~, ar.d or that her~after may be impu~cd, su:fered, placed, le~~~ed
; or asse~sed thereupon, and or that hereafter may be la~~~ied or :?_.~c~sse~i upon this mortgaKe nnd or the indebted-
~ necs secured hrreb}•, ea~•h and e~-er}, ~~•hPn due xnd {~a~able acr<~r:Ln~ t~~ law, brf~~re thep bec~~me ~:rLnqu~nt,
g an~f b<•fore an~' interesi :i?tacizes or an)• penalt~ is in~~urr~~l; and ~n su far xs an}~ thrrcof ~s ~f recnrd thc same
shaii be prumptly sati~fied and disi•harned of rrcord :ind the on~;insl csfficial ~1~~cur.ient Isu:h as, tor instanre,
~ ,he tax rece~pt er .he sa!isf:~ct:on paper officially en•ior:~ed or crrtif~~~l~ shall De p?aced in the hands of said
~ ~t.nrt~a~ee k'ithin t~n days ne~xt after payment; and in the e~•eni that ant ther~of ~s noi so p:iid, ,atisfied and
° di~charRed, sail Z1ort~aGce niay at an} Urrie pay th~ s:imr or any part th~~r•~r~f ~~~iih~~ut «~a:~'in, or :~ffr~ct~n~;
~ an~ ~p'inn. lu•n, eq~itv or n~;ltt iimier or b~• ~':r:.ic of th~s mortF:~~c, xnd thr full amount of each and ~~'ery
su~~h pa}•ment sh:ili be immed;a*_~•ly du~ an3 S~ayab;e and sh:ilt bear in!rrc•c~ frmi the ~ate thereof until paid
at the rate of ten per centum per annum :?nd t~~~eth~•r «~:th such interest sha;l bi• se~ured by the lien of th~s
~ nior[~;,i~;e.
3. To place and continuou~l)• ke~•p on the bu~ldin~s n~~x• or hereafter sftuate on said land fire and «indstorm
~ ~ full insurable valu
~
insurar;ce ~n the u~ual st:tndar~l F~uli~ forni, ia a~.aei not tess than ~ ~ au~h cum-
- panp or c~~7ni>' a:. ~ a; ma~ be H:~pr~~~~rd b)' ~ai~l ~f~~r:;;a~~'e: ar~ t ali ..w-h mslir.in: e ~n,li~~iea on an~ nf said build-
in~:s. ant• in[Presl therein or part thereof. in L}1P. IIr~ret:ate sum a[or~~3;d or ~n rx~•e~~ t'.iereof, shall ~~ontain the
usual s?andanl mnrt~a~ee ~~lavse makin~ the l~~~s u::ri~~r s:i~~1 I~uL~:es. earh an~! e~-er~, pny~able to slui \lnrtk:~-
¢ee a~ h:s ~nt~rest ma~~ a~~p-,ar, and each a::d e~~e.-t- s~~~~h po:icy ~hall b~~ pr~~n;~t1~ ri~ h~•ered to and held i~~• sa~d
~tort~a~ee: and, not le: s than ten days in ad~•an~~e nt the ~x~ ~ration ~f eacli F~uL~~~•. to deli~~Pr to s~id bi~rtga._°Pe
~ n rcn~~•.cal there~if. lof;ether ~L'StTI n receint fnr the premnim nf vu,•h r~ nP~a•nl: aail thnr~ shall be no ::u~h in_ ur-
s~s ar.cf~ ~~laced on ari~• ~t -aid bu:idir.~s, any ~nt~•r~~st Lher~~in ~ir Far! ther~•of, unle~~ in the form and w~th the 1~ :~s
pa~•able as af~resa~~i: and in the e~'ent an}• si~m of monPy ber~~mes p~y~?biP under siich pulict or n~Ii~•ie~ said
~ 3inr,Ra~ec~ .:hnil ha~'e the o~ti~~n to re~•e.~~e and a~{~1~ ihe szmr on account of t!:e indrbtedness s~rured hereLy ~r
to F~rmit ~'~~d ~torteas'~r to r~~~~i~•r amf u~e it or anV r~art thereof for o[hcr purF~oses without thrrefi}• •.c;u~-inP,
- nr 3m~airin}; an~ eryuity. lien or r};ht under ~~r by ~~irtue of this mortga~e: an+1 in the e~'ent said \t~rri•,.?:r :r shall
for ar~• r~~:tis~~~ fail t~~ k~e•P the ~:t'd pr•~nuv~•s sn ~r.~urrd, or fail to deli~•er promptl}• an}' of ~ai~1 r~•L~•iev ot
irsi~c~n~•P tn s.u~? `inr!~aKce. or faA ~*romptl~~ t~ i~:~>' f~:Ily :iny premittm th~re•fnr, ~~r ~n any resp~c•t f~.l t,~ F~er-
_ for.n. ~1~ccharFe, excrute, etfe~t, com~lete, compl~ ~+-ith and nhi~le b}' thi9 ~ut•enan:. or nn~' j~ar[ herv~~~f, sa;;: ~tnrt~;-
a~e~~ rn;ty piarr an~l pa}' for such inaurance or any rart th~re~~f «•~th~ut «':?i~'ir.~- or f~ftPrtin~ an)~ ~~hi~~m. liAn,
~quct ~ or r.ght under or b< <~~riue u! this mort:;a~;~. ar~3 thi• full an:~»~nt ~~f ~•,i~•h ar.~i ~~•~~rv s~~r!: pR}-r.:~~nt ~h ill
be immediately du~r nnd pat•able xnd shall bear int~rest from ihe ~late ther~of until p~i~l ai t:,e rs:~r nf t~n E~~r
cPntum per annum and together u-ith such interest shall be secured by the lien of this m~rt~aFe.
- 4. To permlt, commit ~r sufter no ~saste, impairment or detertoration ot anid pr~~perty or any part tt;ereoi.
6. To pay nll and sineutar the costs, char~es and exponses, includm~; rea.9onable laH-yer's fees and cost of
- abstr:ictQ of tiUe, Sncurred or paid at any time by said rt~agee becAUSe and or in the event of the faflure
on the part o[ the said Mortgagor to duly, promptly a~ :~u11y perform. dlschxr~e, execute, rf(ect, complete,
~ coro;~;? «~th and abide '~y each and every the stipulationa. :~;~~ements. ~unc~Uons and coven~nt9 of said prnntls-
eo;~~ n,~te, and thls mor:gage, any or elther, nnd said co~t~ ~•r,arges and expenses, each and every, shall be 1m-
mFi~ i~•ly due and payable, whether or not there be notu~•. :.•:nand, at~e~ipt to collect or suit pendin~: and the
r-;~s fu=1 a nouM uf each anA every such payment shnll bear in:rTPA~ trom tha date thereof unttl paid et the rate of
ten pe: centum per annum; and all eald costA, charge~ bnd expenaes eo tncurred or pnid, together w^lth auch 1n-
r terest, shall Ae aecured by tha lien of thls mortgage.
aoo~226 P~22~4
~=-z
- _ -
_ ~