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Home My WebLink About0660 i W~'~hW S---S-~a~.~------ STUART, Florida. - 19 - ~ FOR th undersi ned jointly and severally, PROMISE TO PAY to the order of. ~ : ~Alft ~ ~l0l1~--~~~t-.~nrpa~s~tLos------- - ~ , ; _ _ ~ ~~~T101ist~ ~ --'~0~~,~aliA_-110nOD-~eaa,a..~~......~..~.~~M~~OLIARS. ~ - T~~O$^~Q~M~O:'1~__~~_ ..__._____or such other place as the ho~der ~ ~ t; at - - hereof may ~designate in writing, together with interest from date at the rate of 14.__ _ per centum per annum on the ~ unpaid balance until maturiry. The said printipal and interest shall be due and payable ~O110R/S ~ 1 x~ ;11f.b1 s~ontti, th~ lir~t pa~at b~io~ du~.oo~ ~sath trs~ i lf7 snd coat~nning ~aoh sovth th~r~alter uati~ paid. TQis su~e o ; ~~li~i~ paia ~aoh ~onth sLall lirNt b~ or~dit~d to ist~s~tst aad rtaealnd~r to th~ DrincipAl o! this obli~ation. i'di~ oot~ sia~ bf pr~- ~ ~ ~ paid is ~hol~ or in pa~rt at aqy ti~r ~it~ont p~nalty. ~ 90 ~ j. If default b~ ~n~ iw d~YS in tM wv~t of ~nY instslGn~nt of w~ncipal or inNreft a sny o+~t ~hereof. M~ vrhole tun, ehen rema~~~ny unpaid wiM 'nte.nf aMll ~t holde~'s op~~an b~coene dw +nd par~bl~ wiMou/ no~ic~. Failur~ ro•aerus~ a~cA opnon ahatt e+o~ confYpf~ + wsiver of ~f.t *'9h~ ro ~~erui~ tM w~ ~n Me went of a~bseo:+M~ defwh. Afre~ mawnry both piocial aed acuwd int~r„~ shall btsr inecreat lti! pe~ ceniom per ann~m • .t. unnl psid. TM rn~k~ra ~nd endw~en of Mis noe~ fw~her wuw dun~nd. ~otic+ of non-paymem ud Wotat. If fh~y nor~ ~s ~o~ W~d a~ mar.r~ey and rhe same ~s CIK~ with ~n attwr~ iw cdNc?ion, tM makas ~nd ~ndwNn hKeof prw M P+Y ~11 cosb of toll~ction. includ~np s11 coun cos?s ~nd reasonabk anwner fcea. ~ ~ (SEAU ~ - - - - ~ ~ ~ - • ! • . - - ~ ~ - (SEAL) ; . . :~:~-.tififi~k'~+~ tiM.'~fit~+~?~.~? itik'~fi~.'kkw'~v :~ti«hk'h«?~'.~:M3-: :w~-: i~}i y;• and shall duly, promptly and fully perform, d~scharge, execute, etfect, comrtet~, comply w~th and abide by each and e~~erv the ssipulat~ons, agreements, cond~l~ons sud covenants of sud prumessory note and ot this mortgage, then thia mortgage and the estate hereby created shall cease and be null ana ~•o~d. It is underslood.that each of the Konis. "note," "mortgagor' and "mortRagee" respecti~•ely and the pron- ouns refercing thereto, v?hether in the sinRuler or plural anywhere in this mortgage, shall be singular it one only and ~hall be plural jointly nnd se~•erally, if more than one, and shall be ~na.gculine, feminine and/or neuter, wher- ever tl~e context so implies or admits. And sald Mortgagor for himself and his heirs, legal representati~es, successors and assigru, hereby coven- ' anta anu agrees to and with said 1liortgagee, his legal representatives, succ~ssors and asaigns: 1. To pay all and singular the principal and intere9t and the various and sundry aums ot money payable by virtue of said promissory note, and this mortgage, each and every, prompUy on the days respectively the same E eeverally become due. ~ 2. To pay all and ~ingular the taxes, asses-~ments, levies. Iiabilii~es, obliRations and incumbrances of every ~ nature and kind now on said described property, and/or that hereafter may be imposed, autfered, placed, le~~ed ~ or assessed thereupon, and~or that hereafter may be lrv;ed or a_~sc•ssed upon this mortgage and/or the indebted- ness secured hereby, each and e~ery, when due and {~ayable accordin~ to law, before they become delinquent~ ~ and before any interest attaches or any penelty is incurred; and in so tar as any thereof is ot record the same ~ shall be promptly satisfied and discharoed of record and the on~,-inal off~cial document (such as, for ins[ance, ~ :he tax receipt or the ~atisfaction paper officially en~inrsed or certitied~ shall be placed tn the hands of said ~ Mortgagee w~thin ten days ncxt after payment; and in the e~~ent that any thereof is not so paid, satisfied and discharged, said Diorigagee may at any time pay the same or any part ihereof ~n~ithout wai~~ng or atfecting ~ any opti~n. lien, equity or r~ght under or b} c~rtiiP of th~s mortgaRc, and the full amount of each and every such payment shall be immediately due an~i payab:e and shall bear intcr~st trom the date thereof until paid ~ at the rate of ten per c~ntum per annum and U>~eth~r wilh such interest shall be secured by the lien of this mortgage. 3. To place and continuousty ke~p on the bwld~n~s now or hereafter situate on said land fire and windstorm in~urance in the usual standard poli~y form, in a sum not le.ss than Ma~m~ , In such com- ~ pany or comp^z:~s as may be appru~'ed bt sai~l riort~aree: ami all guch insurance policies on any of said buiid- ings, any interest therein or part thereof, in the a~rn•~ate sum a[ornvaid or in excess thereof, shall contain the usual standard mort~agee clause makinR the I~~~s ur.drr said [wlicies, each and every, payable to said A'fortga- gee as his interest may appear, and each ar.d e~•P;}~ su~~h ~l~cy ahall be promptly deli~ered to and held by said bfortgagee: and, not less than ten davs in adc•an~e of the expiration of each policy, to deliver to said biortga~ee ~ a renewal thereof, toQether kith a receipt f~r thP prPmi~zm nf a~~rh r~newnl: and there ~hall bc no such insur- ~ ance placed on any ot ~aid buil~iinRs, any ~ntrrest th~rein or ~att thereof, uNeqs in the form and wiih ihe loss ~ pa~able as aforesaid: and in the e~•Pnt any sum of money becomes payable under such poUcy or policiea said Mort~a~ee shall ha~•e the opti~m to recei~'e and applp tt:e samP on account of the indebtedness secured hereby or to ~rmit sa~d :?iort~a~or to re~ei~•~ 1nd uce it or any part thereof for other pur~oses without thereby waiving ~ or impairing an} equity. lien or ri~ht under or by ~irtue of this mortgage: and in the e~ent said Mortgagor shall tor any relsoi f~il to keep the said prem~s~s s~ in~umd, or tail to dell~er prompily any of said policies of = insurance to sa~d r~ortgaRee. or fail prompUy to pa~ inlly any premium therefor, or in any reapect fail to per- form, discharRe, execute, effect, complete, comply ~~-ith and abi~le by this corenant, or any part hereof, said 1liortg- ageP may place and pay for such insurance or any part thereof without waicing or a[feeting any option. lirn. ~ equity or right under or by ~•iriue of this mort~aRe, and the full amount of each and every auch payment shall ~ be immediately due and pa~•able nnd shall bear intprest from the date thereot untfl paid at the rate of ten per ~ centum per annum and together with such fnterest ~hall be aecured by the lien ot thle mortga~;e. ~ 4. To permlt, commit or suffer no a•aste, ~mpairment or deterioration of said property or any part thereof. 6. To pay all and sinRvlar the co~ts, chargca and expenses, including rea~onable lawyer'e fee~ and cwi of ~ abstract~ o[ title, fncurred or paid at any ttme by said btortgagee because and/or In the event of the fallure on the part of the said MorigaRor to duly, promptly and tully perform, discharge, execute, etfect, complete, complq with and sbide by each and every the stlpulations, agreements, conditlona and covenanta of said promis- ~ sory note, and Wa mortgage, any or either, and said costs, charges snd e~cpenses. each and every, ahall be im- medlately due and payable, wheiher or not there be notice, demand, attempt to collect or auit pending: and the full amount of each and every ~uch payment shall bear interest from the date thereot untU pald at the rate of ten per centum pe~ annum: and nll eatd costs, charges and expenaes so lncurred or paid, Wgether wlth such fn- ~ terest, ~hall bs secured by the lten ot thls mortgage. ~ ~ ~ BOOK PAGE ~-a~ ~ ~ ~ . : i~ ~