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650,000. 0 5TUART, ~lorida, ,~arch. ~q--~6 ~
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FOR VA1UE RECEIVED, tha undersigned, iointly a~d severally, PROMISE TO PAY to the order of___._.__. ~
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' a~~i, ~~.~~q~~ aA~1K,. ~ Flo~ida b~nking_ co~por~tion
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Six u d housand and ^no _100 . -___...DO tARS,
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at ._~~n~@~_..~@~Gh_~...~~Qx~.i~~---------------___ ------•-or such other place as ths ~~ldor
hEreof may designate in w~iting, together with interest f~om date at the rate of pe~ centum per annum on the =
unpaid balance unt'I maturiry. The said rincipal and 'ntere t shall be due nd pa abl OQ or before tW0
years from c~ate hereof. ~etweea t~e c~ate hereo~ an~ t~e payment of this ~
~j• note, in~erest only will be paid monthly on the fuads advanced from the ~
date of advance, the fi~st papmeat being due one month from da e hereof
This aote shall bear interest at thofrNevev York~~Intoreete ~
prime rate established by First National City Bank ~
~ will be a~ sted moathl~ ~mmed~fat~l~ prio~ t~o ~a~l~~a~e~it an~ a~l ~isb~rse
funds wi~`1 ~raw interes or t e u 1 per o o s urse a t e a- .
~ us ed rate. Und no c rc rosta ce ill th nterest uade this note.
L~ e t ge ou~t a~ow~a~ ~n~•fo~r~e~i~e~eres~ ~a excess of ~tie amount a~~ovr
, ec~ ~y law~s er$ y
It d~~aulr b~ w~ad~ iw _~7 - 6aw ar^~?t ot aiw 1n~lbe~n~ ot o~u+e~w~ a inraat er aw O+~ Mw~of, ~M whoM w~w tlwn n~tewwq
. ww~d w~rl+ inanst sMll ~t l+olda•~ opt~a+ beco~ Ou~ +nd wr+bb w~Nauf na~n. fahrr~ ro~a~rus~ wcA oo?~oe s1++11 no~ eonsyMe • wa~wr oI th~ riqh~
; ~o ~:erc:~~ tM aan+~ iw tM w«+~ of sv~s~a,a+t d~fsw~. AA~? rnstwity betl~ p?incipa) and ~anwd innr~f? ~11 b~a~ intM~st . .lu t~ c~nwiw oer ~eu+wR
. ~~~~I p+~d. TM n+ak~+t and MdwsMf of M~~ no~~ f~nMr w~w d~nand. nw~ ei na+-9+Ywnnt ~nd p~oMU. 11 M:s noN :t not p~id sf ~twity and M» t+me y
p~~cW w:th M atwrmY tor cdi~a+on. tM .eakK~ aRd ~ndoraas I~~of a9~ b Pw ~11 cosn d cop~ctia+. ~~dvdin0 ~ft cow~ coa~ and nssawbM ano+n~y h+s.
If ary p~y~.+~nt i~ poid ~e fhon 10 doys oh~. du~ thsn. in odditan to so?d por~ns~+t, the moka shall poy o LATE Ct1ARGE of 5~ of tM poynwnl dw
x or SS.00, ~.h~cl+eYe~ ia less. Tha proviswa shaN ~ot b~ conetrvsd ro rno~hr sM Mfoult prov~sam h~raw+ o? N+~ r+tauf du~ ottar d~ ouft.
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and shall duly, promptly and fully perform, d~scharge, executr, ef[ert, com~let~, comply w~ih and abide by each ~
and e~ery the stipu!ations, agreemrnls, cond~t~uc~s and covenan:s of sa~d prumiseory note and ot this mortgage.
then this mortgage and the estate hereby created shall cease and be null ancl ~~o~d.
It ~s underslood that each of the words. "note." "mortRagor" snd "mottRagee" resQecti~ely and the pcon-
oun~ referring thereto: whether in fhe sin~ular or plural anvwhere in thts m~rtgage, ahalt be aingular i[ one only
and shall be plural jointly and se~•erally, if more thtu? o~e, and sh:Ul be znn.vc~ne, teminine and/or neuter, wher-
e~~er the context ao irApl?es or admits.
And ~aid Mortgagor for himselt and his heirs, legal representati~•es, successors and assigns, hereby coven-
ant~ ann agrees to and with said 1liortgagee, his iegRl reprrsentatives, successor.v and assigns: ~
l. To pay al1 and singular the principal and intere~t and the various and sundry auma ot money payable br
virtue of said promi,seory nate, and Uus mortgage, each and every. promptly on the days cespectively the same
aeverally become due. ,
2. To pay all and singular the twces, asses~ments, levies. liabilitie9, obli~ation~ and incumbrance~ ot e~erp
nature and klnd now on said descrlbed property, and/or that hereafter may be imposed, ~uftered, placed, levied
or assesaed thereupon, and/or that hereatter m.iy be 1r~•~eJ or 8SS1`S9C(I upon this mortgaqe and.'or the indebted• -
ness secured hereby, each and every, w•hen due and payable accorviing to law, betore they become delinquent,
nnd before any interest attaches or any penalty is incurred; and in so tar as any thereot i9 oi record the same
shall be promptly satisfied and discharged of record and the onRinal oftuial document (auch aa, for itistance, ,
the tax receipt or •the satistaction paper of[icially en~lorsed or certifiedl shall be placed 1n the hand~ ot aaid
~iortgagee v~~thin ten days next after payment; and in the e~ent that any thereo( is not so paid, aatisfied and -
discharged, said I~iortga~ee may at any time pay the s:ime or any part therenf w-ithout wai~~ng or aftecting
any optiDn, lien, equity or right und~r or b~• ~':rtu~ of th~s mort~a(~e, nnd the full nmount of each and~ every
su~h payment shall be immediately due and -~ay:~ble and chall bear interes[ from the date thereot until paid
at the rate of ten per c~nturn per annum and t~~geth~r w~th such interest shali be serured by the lien of this
~ mortgage.
~ 3. To place and continuously keFp on the hu:ldin;;s nnw or hereafter eltuate on said land fire and windstortn
~ insurance in the u¢ual standard policy form, in a sum nnt less than S-•- D1~.X].ffil1~ in auch. com-
; pany or comp~ ~ics as may be appmved by sai~l 1?i~~rt;;~~~•e: an~i ~11 vuch insurance policies on any of eaid build- '
` ings, any interest therein or part thereof, in the n~~reRate sum atorAaaid or ?n excess thereof, shall contain the
F usual standard mart~aqee clause makmQ lhe I~~~v ur.~i~r sr~~d policies, each and every, payable to said Mortga-
~ gee as his interesi may appear, and ~ach a::d et•r:~• sn~ h pnhcy shall De promptly deti~~red to and held by said
E l~Iortfiagee: and, not less than ten ~IAV9 in Rdi'AR~Q n[ the Pxpiratton of each policy. to deliver to snid ]~lortgaRee
€ a rene~val thereot, toQether H•ith a receipt fnr thP prPmium nf v~~rh r~newal; and there ~hall be no such insut-
~ ance placed on an~ ot said huildin~s. any tinteresU therein or pttrt thereot, uNea~ in the form and with the 1o~s
payable as aforesaid; and in ihe e~•ent any sum o( mnney becomes payable under s~ch pollcy or policie~ said
Mozt~,~aRee sha31 fia~e the opti~~n to recei~•e and a~ply the sam~ on arcount ot the indebtednest secured hereby or
; to pPrmit said Ai~rt~a~or to re~eiv~ nnd use it or any Part thereof for other putpo~es without thereby waiving
or impairing an~ equity, lien or ri~ht under or by ~•irtue ot ttiis mortgage: and in the event said MortgaKor ~hali
for any re:~soa tail to kecp the said pr~r+:«~•s sn in3ur~d. or fail to dellver promptly any of said policie~ ot
insurance to sa~d ~inrtgaRFe. or fa~l pmmptly to p~y [ully :u~y premium therefor, or in any re~pect fafl lo per-
torm, diQChar~e, execute, ~ftect, complete, cumply ~~~th and abide by thia covenant, or any part hereof, seid btortg-
' aReP may place and pav for such insurance or any par[ thrreof ~vith~ui vewiving or atiecting any option, liPn.
equity or riRht under or b}~ v~rtue of this mort~aRe. anJ th~ full am~nnt af each and every auch payment shall
be immediately due and payable and shaU bear int~rest lrom the date therPOt unt11 paid at the rate of ten per
centum per annum and toRether with such Interest shall be aecured by the lien ot thle mortga~e.
4. To permit, commii or ~iiffe! no ~veste, impairment or deterioratlon of aald property or any part thereof.
6. To pay all and ain~ular the costs, char~ea and expenses, includinq reasonable Iswyer'e fees and co~t of
abatracts of title, lncurred or pald at any time by sald MortgaRee becau~e end/or tn the event of the fallurs _
' on the part o[ the said Mortga~or to duly, promptly and fulty perterrn, dlscharge, execute, etfect, complete.
comply w~ith and abtde by each and every the sUpulations, a[~reements. rondittons and covenanta of aa~d promis-
; sory note, and thi~ martRage. any or eit~er, end aaid co9t~ charge~ and e~cpenses, each and every, shall be !m-
mediately due i?nd payable, vehether or•not there be not~ce, demund, sttempt to collect or sult pending• and thd
1uU amouni ot each and every auch pa}Tnent shnll bear interest trom the date thereAt until pdtd st the rste o!
tea per centum per annum: and all eatd co.te, charges and expenee~ so tncurnd or paid. together wlth such !n-
tereat, shall be secured by the lten oi thle mortgage.
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