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Home My WebLink About0312 i ; s 84U, 000. 00 STUART. Fb.~ De~ Der 91 ~s 7~ ; FOR VAWE RECEIVEO, tM undt • npmd, pntly and Ny. PROMISE TO PAY to 1M o~da o1 ~ O O ~ •~~~~~~~~w~~~~~~~~~,r~~~~w~~~r~~~M ~OLIARS. w wch otMr plsw as tM holdM I1~f~0~ ~t1iy Wfl~i1~ iR WI•t~. to~tM. w~th i~t~nst fwm st~ at tM nt~ of . pM centum p~r a~~urn on tM ~d balsnq ont~l nu~u~ity. TM a~d M~~WI a~d inta~~st slwll b~ dus p.r,a.,. ro~ PPiZlClp~l p~~1b~: $50~ 000 ~tt~~1C~~ib~' 91st~ 19?d~ ~~~a oi ~,ooo on 18t d~ oi Decsmber ea~ch y~r th~rea~r until D~cenider Slst, 1980, whea the c aball become dus and p~ys~le. busreet po~rabls qua,rterU?, the ~t euch p~y}tment be q three m~nths from th~ d~te hereoL The hu~soi reserve ttie riq~t to prepa,y tuLt Dsreoi at a~y? time. witt~ut pee~s~t~. 11 default DO mWe lo~ ~ Aays ~n th! psyment o~ sny nstall t ot princ~p~l or ~n;lrKl or ~nY P~~t thl~eof, ~he w~oie u th~~ ~fm~~n~nq unp~W wrtQ ~nterfSt shdl at hdtler's ool~on bscome due a~M payaDle w~th t nohGe. F~pwe to eae~Nse suth ~Ptw~ sna11 nul con~h~ i wa~vl~ of th! ~~qht to txlrC~ff Ih! s~~n! ~n thClreo! a?t Si~;i.~ueol plt~ult_ Alll~ m~tw~t Dulh pt~nap~1 antl atuued ~ote~est sh~ll pea~ mteresl at Da cMtum p~ •r.~~u.n w~iil p~~d. 1 h! nyken in0 cnOO~Slrs ot tMi npt! IWtht~ wa~ve mand. notKe o/ non•PaYme~t a~W Pr~test_ 11 tbK nple ~t not PaW at malw~tY a~W tM Sany ~S p1SCltl witA Jn at10~~1ly f0~ Co11K1~0~1, lh! TaklK iDd dorSl~S h!~lOf aq~!! t0 p~y ail ~OSIS uf ColllCtiuO, ~nGlutl~oq ~11 CUWt CJtiS ~~Id ~eawn,w~a attorney tces. ' ~~'A~ - - ISEALI ~ ISEAIi l?~+ - ~j„ d ` ~e~~~ . ISEAII - and shall dWy. prompqy and tully perform. diachargy executf, ettect, comptetF. comply with and abids by each and_ ev.ery the stipulationa. agreemente. conditions and covenants o[ said prom~srory note and ot this mortgags„ then thi~ mortgage and the_ estate hereby created shall cease and be null ana void. It is underatood that euh of the words. '•note," "mortgagoY' and "moRgagee" respecfively and the pron- ouns referrlitg thent0. v~?hether in the singular or plural anywhece W thts mortgage, aha)l be sitegulu it one oNY and ahall be plural Jointly and severally. if more thsa one, and ahall be mesculine, teminine and/or neuter~ vPher- ever the oontext so impli~a or admits. ~ - And said Mortgagor for him~elt and his heirs, legsl np=eaer?tativea~ auccessors and asslgas. LereDy ooven. ants ana agra!s to and arith s~id ~[ortBe~Se~. hia legal repreaentatlves successore and aasigas: 1. To pay W and aiagular the principal and intere~t aad the vaslous and sundry sums of naoney payable b~ v[rtue of sa!d proariisory note. and thii mortgage. each and everY. Pr+ompJy oa the days sespactively Lbe aarru severalty Deoome due. 2. To pay all aud iingulai the taxea, asxavnenta. levies. IiaAilitip, oDilgations and incumbrances ot every nature and kind nov~r -o~aaiA dexribed property, and/or thst hereafter msy be impo~ed. suffered, plaRxd, levied or asseseed thenupon. and/or that hereatter may be levied or asiessed upon thia mortgage andfor the indebted- neas secured hereby. each and every~ when d~ee and payable scrnrding to lsw, before they become delinquent~ I' and before any intee~eat attaches or any penslty is incurred; and in so far ae any thereot is o[ recoM the same i shall be pr~mpUy ~atisfied and dlscharged of record and the oriqinal o[tc3a1 document (such as. tor inatance. ' :he tax receipt or tt~e satisfaction paper ofticially e:.~oreed or certified) ahall be placed in the hands ot said ~ortgagee within ten days next after payment; and in the event that any thereot is not so pald, sstisfied and ~ acharged. said Mortgagee msy at any time pay the same or anq part thereet wlthout waiving or af[ecting ~ any opti~n. lien, equity or right under or by virtur of this mortgage, and the full amount ot each and every tuch payment ahall be immediately due and payahie an~ shall bear inlere~t from the date thereof until paid st the rate of ten p9~ centum per annum and together with such intereat ahall be secured by the lien of thl~ mortgaga . 3. To place and conUnuously keep on the buildinRa now or hereatter sltuate on safd land fire and w[ndatorm lnsurance ln the usual atandard policy [~rm, tn a sum not Iess than ;.Y11C~{YleSt 121St1Y'1b~e Va.IU{~'i such com_ pany or comp^niea as may be approved by said l?iortga~ce: and ali such insurance poitciea on any ot safd build- ings, any [nterest therein or part thereof, in the aR~regate sum a[orrsaid or in excess thereof. shsll contain ths uaual standard mortgagee clause making the l~,v ur.der axid policies, each and every, payable to aaid Mortga• gee aa his fntereat ~nay appear, and each artd every su~•h pc?licy ahaU be promptly delivered to and held by aafd Mortgagee; and, not less than ten days in advan~e of the expirntion ot each policy, to deliver to aald Mortgagee a renewal thereof, toAether with a receipt tor the premium ot A~~rh renewsl: and there shall be no such insur- ance placed on any ot said buildlnRs, any interest therein or part thereot. ;uile~ fn the form an~ with the lo~f payable as atoresaid; and in the e~ent any s~m of money becomes payable under auch pollcy or pollcies aaid Mortgagee shall have the option to receive and appiy the ~ame on accour.t ot the indebtedneas secured hereby or to permit said ~fortgagor to recelve and u~.e ft or any pnrt thereof for other purposes without thereby walving or impairing any eq~ity, llen or right under or by vir:ue af this mortgage; md in the evea~t said Mortgagor shall for any reason~ fa:l to keep the said pwmi~es so in.4urnd, cr fail to deltver prompUy any o[ ssld policies of Insurance to aaid ]ltortgagoe, or tall prompUy to pay fally any premium thentor. or in any respect fa11 to per- form, discharge, execnte, etfect, complete, comply with and abide bp this covenant, or any part hereot. satd Mortg- agee may place and pay for such in~urance or ar~y part thereoC without walving or at[ecting any option. lien, equity or right under or by virtue of this mortgage. and the ttill aqnouni of each and everq nuh paymenE shaD I be immediateiy due and payable and ahall bear interest tmm the date thereaf until paid st the rate of ten per ceatum per aamun wnd together v~it1~ such intereat shall be secured bp the @en ot thts mortgsqe. 4. To pern?it, commiL or sutfer no aaete, impairment or deterionU~ of utd propsrty or any part thereo! 6. To pay ail sad singulu the co~ts, charges and ezpenses, insluding reasonaDle .Iawyer'~ teee and cost ot sbstracte ot tltlc, lncurnd or pald at any tlme by sald Mortgagee because and/or Ln ~'~e eveat ot the tallure a~ ihe part ot the said M~rtgagor to duly, premptiy and tully perform. dLcharge, e~[ecnta, eKect, completq comply artth and aDide by each and every the ~tipulatfons, aarer~nents, condittona and oovenanQs- ot sa:d promis- ~ w*7? note. and W~ mortgage. any or either, and said ca+ts. charges anQ e~cpensaa, each aad every. shW b~ Ira- ~ me~lately due and payable, whether or not tl~ere bg notice, demand, attempt to colkct or ault pending; and th~ ~ fUli amount ot esch and every such payment ahall bear lnterest from ths date tbei+eot until pa:d at the rate at t~n p~r centum pe~ annam: and all aald cosb. ChitgH aAd ~ZplLN/ /O IACY[~ or pal4, Logetlm ~eitb sucb !n- ~ tezRS~ sbW be ~ecvred bp tbe !fea o! thb awrtga~e. ; ~ ' ~ ~ I - ~ z5~ ~'1.1 ? W_,v-~ ~ ~ v e . _ - _