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Home My WebLink About2987 i ti~ STUART, Florids. f ~ 19._~.~ ~ a- -----ZS ~.-AA- - ; FOR VAL~1E RKEIVED, the undersignad, jointly and severally, PROMISE TO PAY to the order of______________ • • • - .~~-a---F].o~~do-•-taAa~c~n~--cor-por~? - - --~t.g--.$i~~-- ThOiiG~ifd--iL~-AO~ ~OLLARS, at ~~$~p~#~ -------------------•----------•---~----•----or such othe~ place as the holder ~ hereof may designate in writi.ng, together with interest f~om date at the rate of _g~___._ pe~ centum per annum on the unpaid balance until maturity. The said principsl and interest :hall be due and payable se lOllOWe: ~ $2'rb.73 a month, the iiret payment being dus one montti iroa ~ 1975 and continuing !or each month thereaiter uatil paid. T euo 0 ~2T5.78 paid each oonth st~ll firet be credited to interemt and the re~sainder to the principal o! thie oblig~tion. This note may be pre- paid in whole or in part tt any tise withont psoalty. ~ H delwh b~ ~nad~ for d~YS in /M P+Y~f eF +ih~ ieaqlYn~nt of O~incip~l a inNnst a+nY W~t ~Aereof. ~M vrhol~ svrn ~l+en nma~ntnq vrw~id wilA inNnft shdl at holde?'~ b~toew dw +ed WY~M nW'~p. f~iW~~ a~aucis~ ~ud~ oD~~ tM11 not con~tih~b a wa~ve~ ot th` r~qM eo ~tNtiH N~ s~~ ~n Mw ~wM of ~ t d~fwtt. A(~ rn~twity bo~A pincipal and accrwd inarNl sMll b~sr i~hrtit - ~a per c~nrwn per aro~w~ ~ ~ until paid. iM mak~ra and eeda~wt oI Mb not~ fwtMr w~iv~ d«nand. notin of non~paYnHnt ~nd poMs/. If ~his not~ is not paid ~Fnuvrity and th~ s+rtw ~s ot~c~d wi~h ~trormY fa colMction. tM ~i ~nd ~ndwwn Mrwf ~Y?» 1u P~r ~II casn d ooti~etia?. inch~dw?q a11 caxt cwn and reason~bN ~rron+er fe~s. `S ~ - _ (SEAL) Frederick J. Haugk, Jr. , . ~ : (SEAI) '~~t . ,,ti,,:,,~, and shall duly, promptly and fully perform, discharge, executP, effect, completP, comply with and abide by each and every the stipulations, agreementa, conditions and covenanls of said prumis~ory note and oi thi~ mortgage. then Lhis mortgage and the estate hereDy created shall cease and be nuU ana eoid. - • It is underatood that each of the wonls. "note." "mortgagor" and "mortgngee" respectively and the pron- ouna referring theret0. whether in the singvlar or plural anywhere in thia mortgage. shall be singular it one only and ahall be plural jointly and severally, if more than one, and shall be ~n+~sculine, feminine and/or neuter. wher- ever the oonteat ao implies or admits. Md aaid Mortgagor for himeelt and hi~ heirs, legal representativea, succeseors and assigas. hereby ooven- ants ana agreea to and with said Mortgagee. hia legal representatives, successor:9 and saaigns: 1. To pay all and singular the prtncipal and intereat and the various and aundry aums ot money payable by virtue of said pmmissory note. and tLis mortgage. each and every, pmmpUy on the daya respectively the same aeverally become due. 2. To pay aU and singular the tsuce~, avessments, levies, liabilities, obliRations and [ncumbrance~ ot eyery nature and kind now on said described properly, and/or that hereafter may be imposed, autfered, placed, levied or aasesaed thereupon. and/or that hereslter may be levied or essessed upon this mortgage and/or the indebted- ness secured hereby, each and every, when due and payable accorrling Lo law, be[ore ihey be~ame delinquent, 'i and before any interest attaches or any penalty is incuned; and in so tar as any thereof ia of record the same ahall be prumpUy satisfied and discha eed ot record and the onRinal ot[icial document (such as, for i»tance. f the tax receipt or the satisfacGon paper officially endorsed or certiCiedl ahall be placed ln the hand~ of aaid ! Mortgagee within ten days next atte~ payment: and in the e~ent that any thereof is not so paid, sstisfied and ~ discharged, said Mortgagee may at any time pay lhe san?e or anp part therec~[ v~-ithout wai~~ng or a[tecting any opti~n, lien, equity or right under or b)• ~ irtue of this mortgage, and the full amount of each and every ~ such payment shall be immediately due an~i payable 1nd shall bear inlemst [rom the date thereof until pald ~ • at the rate of ten per centurn per annum and together wilh such interest shall be secured Dy the lien of this mortgage. ~ 3. To place and continuously keep on the build;n~a now or hereafter altuate on said land flre and windstocm insurance in the usual. standard policy form, in a sum not tess than s.- .-----...Masimum.__._..__.._.., in euch com- pany or comp^nies as may be approved by sairl Mort;;a~ce: an~i all such insurance policies on any of said build- inga, any interest therein or part thereof, in the a~~re~ate sum afornsaid or ln excess thereot. shall contain ths usual standard moi~t~agee clause makinR the lucs ur.drr said policies, rach and every, payable to said Mortga- gee as hia interes[ may appear, and each ar.d e~•ery su~•h policy ahal! be promptly delivered to and held by said Mortgagee: and, not less than ten days in adt~an~e ~f the expiration o[ each policy, to deliver to s+tld biortgagee - a renewal thereof, to~ether with a receipt f~r thp premium nf a~i~h mnewnl• and there shall be no such insur- ance placed on any of said buildinRs, any interest thcrein or part thereot, wiles~ in the form and with the losa payable as atoresald; and in the e~ent nny aum of money becomes payable under such poltcy or policies said MortRaqee shall have the optfon to receire and apply the same on account oi the fndebtedness secured hereby or to permit said Mortgagor to recelve and uce it or any part thereot for other purposea without thereby waiving or impalring any equity. Ifen or riRht under or by virtue of this mortgage: and in th~ event said Mortgagor ahall for any reason fail to keep the said premises so incumd, or fail to dellver promptly any of said policiq o! Inaurance to said htortga~ee, or fail prompUp to pay fi~Uy any premium therefor, or in any respect tafl to per- form, discharge, execute, etfect, complete, comply w~th and abide by this covenan~ or any part hereot. aaid Mortg- ~ agee may place and pav for such insurance or any part thereot without walving or affecting any option, lien, ~ equity or right under or by virtue o! this mortgage, and the full amo~nt ot each and every auch payment shall ~ be immediately due and pa~•abie and ahall bear intPrest trom the date thereot nntll paid at the rate ot ten per centum per annum and together with auch interest shall be eecured by the Uen of Wis mortgage. 4. To perml~ commit or sutfer no wa~te, impairmeat or detertoratlon of eaid propertq or anq part thereof. 6. To pay all and sin~vlar the co~ts, charges and expen9es, includtng reaaonable lawyer's fees and coat of ~ abstracts ot title. fncurred or pald at any time by sald Mortgagee becau~e and/or 1n the event of the taflure on the part ot the said Mortgagor to duly, promptly and fully periorna. dlscharge, e:ecute, eticet. completq, comply with and abide by each and every the ~ttpulations, agreements, condiUons and oovenanta ot said promis- wry note, and this mortgage, any or efther, and sald costs. chargcs and expenses, each aad every. shall be Im- mediately due and payable. whether or not there be notice, demand, sttempt to collect or euft pending: and ths iWl amount ot each and every such payment shall bear intereet trom the date thereot unUl pafd at the rate o! ten per centum per ann~un: and all snid coste, chargea ?nd e~cpenses w incurred or paid, together wlth such !n- terest, ~ha11 Ds secured by ths lfen of thls morigsge. BOGK243~ PA~fz90 / _ z~~ _ _ .~~,~.~~s.~--~ _ _ - -