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Home My WebLink About2483 t~ S..~Q.w.Q~Q..OQ STUART. Florida. ..................MclrCR...Ly.......... 19.~~...... ' . FOR V1lLUE AECEIVED. !hs undersi9n~d. Jointtr and :~verally. PAOMISE TO PAY !o !he order o! . ~i ~~RRX...~C?~W~~~,,....J~... _ Thi~ty ~hQ~s~~.d...~z~.d001~..Q.Q---------------------.-.-.--.--.-.-.-.-.--..................................... . DOLLARS . . . ~ at P~.._Qw....~Q~C..~.~.~a.f.....~s~~.~....~.'.a.t'.~l.s....k'..~.OL'.a.G~d.(~....9~~({ .....os such oih~s plac~ u!he holder ~ hereoi msY d~signal~ ~tl MlUlA9. logelh~r wlth inlerts! iroe~ ]i]QK s! th~ rale oi ....8. . per centum per annum on the unpaid ~ balanc~ until malusitY. Tb~ aaid ptincipal aad interes! shall b~ due and payablc as tollow:: In six equal semi-annual installments of $5,000..00 of the pYincipal, plus interest then due, on January 2 and July 2, beginning January 2, ~ 1975. ,i The maker may prepay any part or the whole of this indebtedness at any ~ time without payment of penalty therefor. ~ ti . If d~twlt a~aa~ /x ..3 ~ar~ in t6~ Pa~eat ot aar iastalis~at ot Prlnclpal er iater~st o? anp Part l~ereo/. ih~ rrsele sus~ t\sw remaiain~ ~npaid vitA int~rsat ~hall at 6elder~~ eption beeom~ dw aad Payabl~ vitMut aotic~. Failun to e:ercia~ suc6 eption shdl wot coastitute a~r aive~ ol tbe ri~At te e:ereise tbe sa~we iw tM etest ef subspwet d~fanlt Alter saturitp both Prineipat aad accrued interest sAall ~e~r interest at......Q._.y~ centua yer annuw uatil ?aid. The ~eak~n wd mdone?s ef tAis aote IurtAer rraite ~saed. e ao~•parm~wt and pretest. If tbis aote is wot natd at m¦turity and t6e sam~ is placed rrith as ~tto~n~r Isr collectioa, t6e maken and M 1 sree to pa~ ~11 eosb of collsctioa, iacludin~ all ceurt cost~ and reasoaabb attoraey tee~. • . .............•---•-••-••-•--•••••--•..._....._ISEALI M. . e . .............•-•--••-•-••.--•....._.....(SEALI _.......__.._.__._...----•-.._.....•--•--.....-•--•-••-----...---••--•••-•-•._...(S~a{Ll I u ••-•---•-•-•--------------•---......._...._..---.......-•-•--~-------------•-----••--•-•--...---.......__...(SEAL) ~1 and shall duly. prompcly and [ully perEorm, dixharge. execute. efEecc, complete, rnmply with and abide by each and every the stipulations, agreements, mnditions and mvenanu of uid promissory note and oE this mortgage. then this mortgage and the estate hereby created shall cease and be nuU and ~•oid. It is understood that each of the words, "note." "mortgagor" and "mortgagee" respeccively and the pronouns referring thereto, whether in the singular or plural anywhere in this mortgage. shall be singulu if one onty and shall be plural joindy and severally, if more than one, and shall be mascvline, feminine and/or neuter, wherever the context so implia or admits. And said 1ltortgagor [or himsel[ and his heiis, legal rcpresentatives, successon and assigns, hemby covenants and agrees to and with said ~iortgagee, his l~gal repraentatives, successors 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 e~ery, prompdy on the days tespectively the same severally become due. 2. To pay all and singular the taxes, assessments, ltvies. liabilities, obligations and incumbrances of erery nature and ! kind now on said described property, and~or that hereafter may be imposed, suEfered, placed, levied or assessed chereupon. ~ and/or that heteafter may be levied or assessed upon this mortgage and/or the indebtedness secured hereby. each and e~ery. ~ when due and payable according to laMr, beEore they become delinquent. ai~d beEore any interest attaches or an~ peiialty is incurred: and in so far as any thereof is of record the same s6aU be prompdy satis[ied and discharged o[ recorci and ctie or- ~ iginal official document (such as, for instance, the tax receipt or the satis[action paper ot[icially endorsed or certified) shall be placed in the hands of said :~Iortgagee within ten days next after payment; and in the event that any thereoE is not so paid, satis[ied and discharged, said Atortgagee may at any time pay che same or any part thereof without waiving ot af[ect- ing any option, lien, equity or right under or by vinue of this mortgage, and the fnll amount of each and e~-ery such pay- ment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate oE ten per centum pet annnm and together with such interest shali be secured by the lien ot this mortgaqe. 3. To place and continuously keep on the buildings now or hereafter situate on said lanci tire and Mindstorm insur- ance in the usual standard policy form, in a sum not less than the highest insurable value, in such company or companie~ as may be approved by said Atortgagee: and all such insurance policies on any of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall mntain the usual standard mortgagee claase making the loss under said policies, each and every, payable to said ~tortgagee as his interest may appear, and each and e~er}• such policy shall be prompdy delivered to and held by said ~tortgagee: and, not less than ten dars in advance of the e~cpiration of each policy, to deliver to said Mortgagee a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no such insurance placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as aforesaid; and in the event any sum oI money becomes payable under such policy or policies said ~iort~,*agee s„aL' I~a~e the option to mceive and apply the same on account of the indebtedness secured hereby or to petmit said 1ltortga- gor W receive and use it or any pan thereof for other purposes without thereby waiving or impairing anr equity, lien or right under or by virtue of this mortgage; and in the e~ent said 1?tortgagor shall for any reason [ail to keep the said premises so insured, or fail to deliver prompdy any oE said policies oE insunnce to said ,~Iortgagee, or iail promptly to pay fully any ~ premium therefor, or in any respect fail to pertorm. discharge, execuce, effecc, complete. comply with aud abide by this mv- ~ enant, or any part hereof, said Aiortgagee may place and par for such insunnce or any parc theteot without waiving or a[tecting any option. lien. equity or right under or by virtue of this mortgage. and the full amount oE each and every such payment shall be immediatdy due and payable and shall bear interesc fmm the date thereof until paid at the rate oE ten per centum per annam and together with such interest shall be secured by the lien ot this mottgage. 4. To permit, oommit or sufEa no waste. impairment or decerioration of said propercy or any pan chereof. 5. To pay all and singular the cosu. chuga and expenses, induding reasonable lawyet's tees and cost of aLstracts of cicle, incurred or paid at any time bq aaid Mortgagee becauae and/or in che event of the failure on tt~e part oE the said hiortgagor to duly. prompdy and fully perform, discharge, execute, eifect, oomplete, mmply with and abide by each and erery the stipulations, agreements, conditions and oovenants of said promissorq note. and this mortgage, any or either, and said cosu, charges and expenses, eac6 ~tnd evety, shall be immediatelq due and payable, whether or not there be notice, de- mand, attempt w rnllect or suit pending; and the full amount of each and every auch payment ahall bear interest froon the date thrnoE until paid at the nte oE ten per antum per annum; and all uid aosts. chuga and expenaea ~o incvrred or paid. together wi[h such interat, shall be secured br the lien of thu mortgage. F i~~~ F,1GE 81 - - - _ ~ ~ ~ ' : ~~„~s~'- ~ ~ _