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Home My WebLink About1990 r ~ ' ' j ~k~S~ ~ ? ...4aaQ~~flQ------ STUART, Florida, -------31~[1@- 19--~{ i• FOR VALUE RKEIVED, the undersigned, jointly and severally, PROMISE TO PAY to the order of. ; ------JEN$RN RRACA.SANKt-•~1---810=~da---bi~$--80~-~1Al~~~AQ----------------~-------- - - ~rsA'.M T~/~~~~~ ~rf~vsA'' DOLLARS, ~ "'__~~i.Yi~i~-i~~w~~M1~~'Y~~'~~^~'~~~Y~~YY~~~ ~~~M~~~~NN~ at ._d~IIBAri-_S~l~Chs---FlA~di=--- ---~-----or such other place as the holder ,ti hereof may designate in writing, together with interest from date at the rate of .__3(}.._ per centum per annum on the k unpaid balance until maturiry. The said pri~cipal and interest shall be due and payable 8e f0110~111lS ~ ~ ;$9b.62 a e~onth, the liret pay~ent being due oae nonth from , ~ 18T4 and continuing !or each ~onth tbereafter until paid. T eu~ o ~$95.62 paid each ~aonth shall fErst be credited to intereBt and ttie r~- L ~ainder to the priacipal oi ttiis obl~gation. This note etay be prepai.d ~ ~ at any ti~e without penalty. ; c ~ If def~vlt M mad~ !w ~Q- dari in tM WY~^~^t ~~Y inat~llm~nt of pincip~l w inhrtst w a~y part ~hereof. rM whot~ s~m M:e~ rema~n.nq ti. j ~npaid wifh inetreat aMll at AOlder s op tion bKOrn~ dw u~d par~~ witAout naic~. FiiIW~ Io e~MCis~ auch opt~on tAall not constitute i wa~ve~ o! r?~~ r ght • ro •aac~s~ ~M sarrr in tM t~nt of subsav~~ d~fwlt. At~ m~tunty botA principal ~nd +ccrwd in~~s1 shall Mar inepest at ~p pe~ cenr„~n per an.~.,m ~,ti 3. ~m,l p+id. TM mskers ~nd endo?un of this no~t furtAer waiw de~nand. nolic+ of na+~paym~nt and Wotat. ii tAis no~e ~s no~ W~d V4~+r.,~~ty and the same ~s v pt~cM wiM ~n ~ttorn~tr fw cdNctian, tM makKS ~od ~ndasn~ hwwf ~prN lo O+Y ~U coan of colNction, mclvd~nq a11 cow~ cwn and rea~onabb anwner (ees. ti 2 1 ' p_~ ' ~ 1 . . _ ~2t=---- ---'~-~~'`---t' (SEAL) . CHAR~S D[. DAVIS , , . % , . , • ; ~ ' : ~'•-~~-x{_~/" `j~`-°-- - . iSEAI) : - ~ ~~i~~v=` ~:~h'~?+i'yfi~tO~W~T~ ~+ti ~~Te~t~rs~fifi~.:wk+fis~'~rh'~:~Tfi{w'w}fiC~vT~hk'.{~'M.~'w.'~:-{ . and ahall duly, prompUy and fully perform, discherge, executP, effect, complete, ~omply weth and abide by each and everv the stipulations, agreements, conditiuns and covenanls of said prum~,aory note and oi this mortgage, then this mortgage and the estate hereby createci sh:ill cease and be null and ~~oid. It is understood that each of the wonis. "note." "mortgagor' and "mortgngee" respecti~•ely and the pron- ouns referring thereto, whether in lhe singuler or plural anywhere in lhls mortgage. shall be singular if one only and ~hall be plural jointly and severall~, if mure than one, and sh:tll be ~nn.4culine, feminine and/or neuter, v~her- ; ever the context ao implies or admits. Md sald Mortgagor for himselt and his heirs, legal representati~es, successors and assign~. hereby coven- ant~ ana sgree' to and with said Atortgagee~ his legal representatives,successors and assigns: 1. To pay all end singular the principa! end Interest and the various and sundry sum9 0[ money payable by virtue of said promissory note, and Lhis mortgage. each and every, prompUy on the days respectively the same severally become due. . 2. To pay all an3 singular the taxes, as.ges.~mewts, le~ies, liabilities, obli~ations and incumbrances of e~ery nature and kind now on said descnbed pmperly, and!or that hereafter may be imposed, sutfered, placed, le~~ed or assessed thereupon, and; or that hereafter may be levied or ~~sessed upon this mortgage and/or the indebted- ness secured hereby. each and e~ery, w•hen due and ~ayable acconiing to law, before they become delinquent, j and before any interest at*.aches or any penxlty is u:curred; and in so far as any thereot is ot record the same ! shall be prumptly satis;ied and dischareed of record and the or~y,~inal olf~cial document Isuch as, for instance, E i}?e tax reeeipt or the satisfaction paper officially en~iorsed or certified) shall De placed fn the hands of said ~ Mortgagee within ten days ncxt after payment: and in the e~~ent that any thereof is not so paid, satisfied and € discharged, said 1?iortga~ee may at any time pay the san?e or any part thereof v~'ithout wai~~ng or affecting ~ any opti~n, lien, equity or riglit under or b~ ~~irtuP o[ this mort~age, and the full amount ot each and every ~ such payment shall be immediately due anri I~ayabte and shall bear inter~st from the date thereof until Faid at the rate ot ten per c~nturn per annum and t~~~ethrr ~+zth such intere3t shall be secured by the lien of this s ; mortgage. 3. To place and continuously ke~p on the buei<fin;;a now or hereatter situate on said land fin and windstorm insurance in the usval standard policy form: in a sum n~t le.~ thsut s.....Maximum_ in such com- pany or eomp^~ies as may be appro~~ed by sai~l ~inrt;;~n.~e: an~i :?11 such insurance policies on any of said build- ings, any interest therein or part thereof, in the a~~rrkate .sum aforPSaid or in excess thereof, ehall contain [he usual standard m~rtRagee clai~te makinR lhe l~~~s ur.drr said (+olicies, each and every, payable to said 1?fortga- ; gee as his interest may appear, and each ar.d e~•P.-y st~~•h pol~cy ahall be promptly deiivered to and held by said ~ biortgagee; and, not less than ten days in ad~•an~e of the expiration ot each policy, to deliver to swid 1~tortgaRee a renewal thereof, toQether vvith a receipi fnr thP premium nf an~h r~newal; and there shall be no such insur- ance placed on any of said buildinRs, any interest therein or Part thercot, uNess in the torm and with the loss payable as atoresaid: and in the e~•Pnt any sum of money brcomes payable under such policy or policies said Mort~a~ee shall have the opli~~n to recei.~e and apply the sam~ on arrount of the indebtednes~ secured hereby or to ~rmit said Mort~a~or to rerei~•e nnd u~e it or any part thercot for other put7~oses without thereby wraiving or impairing anp equitp, lien or ri~ht under or by ~irtue of tiiis mortgage: and in the e~ent said Mortgagor shall for any resiso? fail to keep the said premis~s so in~ur~d, or fail to delfver promptly an~ of said policies o! ~ insurance to said Aiortga~:ee. or fail promptly to pa~• fully any premium therefor, or in any respect fail to per- fotm. diachar~e, execuie, effect, complete, comply u-ith and abide by this covenant, or any part hereot, said 1ltortg- ~ ngee may place and pay for snch inaurance or any part thereof «ithout v~ai~ing or atfecting any optinn, liPn, ~ equity or right under or b~ ~•irtue of this mortRaRe, and thc fu0 arpount of each and every ~uch payment shall ~ be lmmediately due and pa~•abie and shaq bear intPrest fmm the clate thereot untll paid at the rate of ten per ~ centum per annum nnd together with such lnterest shall be eecured by the lien oi thla mortga~e. ~ 4. To permlt, commit or sufter no weste, irtepairment or deterioretion of sald property or any part thereof. ~ 6. To pay sll and ain~ular the costs, charges and expenses, inNuding reasonable lawyer's fees and cwt o! ` ~ abstracts ot tiqe, fncurred or paid at any time by satd l?iortgagee becaux and/or ln the event of the fallure on the part of the said 1?tortgaRor to duly, promptly and fully perform. dlncharge, ea~ecute, effect, complete. comply with and abtde by each and every the ~tipulation~, agreements, condition~ and covenants oi asid pcomis- sory note, and thi~ mortgage, any or etther, u?d axid costa, ~harges and expenses, each and every. shall be im- i ~ mMiately due and payable, whether or not there be notice, demand, attempt to collect or ault pending: and ihe ~ ~ full amount ot each and every such payment shall bear interest trom the dats thereot until patd st the rate of ten pet centum per annum• and all asid co~ta, chargea snd e~cpenee~ so incurred or psld, together with such !n- ~ terqt, ~ball bs secured by the lien o! thfa mortgag~e. t ~ B OOK ~S PA6f 1~ ~ ~ x - - - - ~w - - - ' ,°'z'~ - } _ 'K ~'a ~ ~ - ~ ~ x. ~ ~ _ ~ 4~"`-.~~,.(f+~°~T~"y~~,+` ~