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HomeMy WebLinkAbout0704 1 s ~ _ STUART, Florida. . . _ _ . . ~ j FOR VAL ECEIV the~ndersia~P~ ioimlv r~~ ~evP?ally, PROMISE TO PAY to the order of 's ~ - . - . - ' ~OIIARS, ~ - - - - _ _ - - _ . _ . at Jenseil Beach, Ox~ _ or su othe? place as the holder hereof may designate in writ~ together with interest from date at ihe rate of 1Q per centum per annum on the ; unpaid balance until meturity, Th id principal and interest shail be due and eble ~ ~ In 60 (sixty) equal thly installmen f$ (Dollars) { ~ i.ncluding interest. . ~ The lst payment shall be du (Datej ~ This note may be pre d at any time wi t penalty. ~ H dei~uir be ~sd~ fa 10 d~rs ~n D~Y^N~~ of MY inq~llm~nt of p~K~pat a.nter e. u~r o+•r MNeof. tM wiw~~ ~~~w ?A~n r~ery~mnp _ „npa~d +~rti mttreu .~al{ ~r ho~dtr's opr~on bec due ~nd P+rab~ wuAOU1 nW;c~ hJc.e to e.ercn~ ~ oD~~on ?ha:l no~ cq~A~~.~~ ~ ws~vN of tM ~~qh~ .j. ~o f~frc4e rht s~~e ~n th~ lvMl of f..Df10.~ I~ult. AhH nyrw~~y bOM pme,p~l aod Kcre~d ~Mt.H1 sn~U r mre.Mr ~t ~L{1 DM eMNm pN ~nnuen j s ro~ p~~0 ~watur,~y ~nd MM sawy is ,.~n+ pi,d. The erakera arQ endorun c! eti .e~e f~rMer wi:v~ derr.~nd. not~ of rtoe+-p~yrne~? s~d p•ote~~. e*. .L o!~c~d wnh an •nwn~Y fa cdt~cnm. ~ .nat~.~ ~od endws~.~ Mreof prN b paY ~11 co~N of col~~cnon. ~nclud~np ~rr cwH ~nd ~usonabN ~ttorney /~es. if or,r poyme.,r :s po~d more t doYS altc. due ~hen. ~n odd~r~on to so.d poyment, ~ne meke. s?wit poy o LATE RGE o! Sqo of the poym~nf du~ ~ or 55.00, wh~che~er ~s less. o~~s~on slwl! noe De cx+sfrued ro mcddy the defoult povnwns Fu.e~r w tht u+t~rest fter defoult. ~ C O P Y SEAL) ~ ~ . l) •:».».'wtifi~+-0hWi~'~v k~:-~+~+k'~~.'?fitik+~1~+~~+~. h+ti'~:~k+~}~.'-~:-.Wh. h end shall duly, promptly and [u;ly perform, d~s~harge, ex~cutr, et[ect. ~~~m~letr, r~mply w~th and abide by each and e~~erp the siiputations, agreem.~nts, cond~t~us» and covenants o[ sa~d prum,s~nry note snd ot tlua mortgage~ then thu mortKage and the eatste hereby cteated shsU cease and be null ana ~•oi~L lt ia understood that each o[ Ihe worJ~. "note." "mortqagor" snd "mortRagee" respectively and the proa- ouna refernng thereto, whether ~n the sinRular er plural anywhere in thls m~rtgage, ahall be a~ngular it one only and ahall be plural jointly and severatly, i[ more than one, and ~hall be ~nx.9culine, fem~nine and: or neuter~ wher- ever the context ao impl~es or admit~. And ~aid Mortgago~ for himself and fus heirs, Iegal representat~ve~, auccessors and as~igns. hereby coven- anL~ anu agreea to and with said Mortgagee, his legnl representauves, succrsson and aa~~gns: 1. To pay all and aingular the principal and interest and the vatiou~ and sundry sums ot money paysble bl virtue of said promissory note, and tius mortgage, each and every, prompUy on tht days resptc4vely the iam~ eeverally become due. 2_ To pay all and ~inRular the taxes, dves.~m~nts, levies, liabilatiea, obl~~at~on~ and fncumDrance~ ot everr nature and k~nd now on said descnbed proprrty, and nr that n~reafter may be imposed, au![ered, placed, le~~ed ~ or assessed thereupon, and: or that herewtter ma~ br lr~~~ed nr a.~srs~c~f upon thts mortgaqe and/or the indebted- ness secured hereby, each and e~•er~, u•hen due and payable accerd~n~ to law, before ihey become delinquent~ and be[ore any interest attaches or any penalty i9 i::curred; ar?d :n so tar a~ any thereo! ~a ot record the natn~ ; shall be promptly satis(ied and d~schar~rd ot record and the onRinal of[icial document lauch as, tor Inatance. E ihe tax receipt or the satisfaction papPr of[~cially em3~~rsed or ceriit~ed? ahall be placed tn the hand~ o[ sald E MortRa~ee v~~thin ten dT~s n~ xt after ~aymcnt; and in the e~-ent ihat any thereof ~s not so paid, aatiafied and f discharged, said 1?Sort~a~ee may at any time pay the s:ime or nny part lherr~~f u•ithout wai~~ng or affectin~ ! any opt~~n, lien, equity or nRht under or by ~•~rtuo of thax mort~aRc, and the full amount ot each and every ~ such pa~ment shall be immNd~atPly due an~i {~ayable :~nd shall bear interest trom the date thereof until paid ~ at the rate ot ten per c~-nturn per annum and t~~~ethrr w~th such ~nterest shall De secured by the lien of thi~ ~ mortgage_ e ~ 3. To place and cont:nuously ke~p on the bu:l~l~n;;s n~~w or hereafter aftuate on said land fire and wind~torm inaurance in the uQual standard poli~c f~rm, in e ~um n~t less than ~d by Fbt'~d8 18is...., tn such co~- pany or comp^~i~s ~s may be ap~ rt.t'rd by sa:~l Alnri~a^~~e: an~t all soch tnsurance p~licie~ on any of said build- ing~, any intPreat th~rein or part thereof, in the a~~r~•cate sum aforPSaid or in exce9s thereof, ~hsll contein th~ usual atandard m~rt~aqrP ~•lause mak~nQ the 1~~~~ ur~i~•r said (x~Lrie~, each snd ever}, payable to said lliortga- gee as hie interest may app~ar, an4 Pach a~:~I P~"P['f Su~ h p~~hcy ahall be pmmptly dPlnered to and hdd by aaid ~ Mort~aqee; and, not less than ten days ~n ari~an~e nf the Pxplrat~on of each policy. to deliver to sxtd AtortRaRee ~ n renetval tbereof. toQeiher M•ith a receipt fnr tho pr~mium nf an~h r~newwl: and th~re ~hall be no euch insur- y snce placed on any o[ ~aid bu:IdirK~, any intrrest there~n or part therrof, unleaa in the form and with the loss ~ pa~•able as aforesald: and ~n the e~~Pnt any sum of m~~noy b~rnmea payabte under such policy or policiea aaid Mort~aQee shall ha~•e the ~pti~~n to rores~•p and arplY the cam~ ~n account of the indebtedne~ aecure~d hereby or to ~rmit said :Knrt~a~or to rerri~•~ :?n~l u~e !t nr any part therent for other purFw~es without thereby wa~vtng i or impairing any eq~iity. lien or r,~ht under nr by t~rtue of th~s mortga~e: and in the e~~ent asid MortgaRor ~hall n for anv rPnso~ [nil t~ kPrp the sa~d pr~m~c~~c an inaur~d. nr fail to ddlver promptly any ot said policie~ ot insur3ncr to sa~d ~inr!~a(~. e. or fail prompUv t~ pi~• fnlly :iny prFm~um thercfor, or in any res~?ect talt to per- ~ form. d~~char~e, ex~ru.e. Fffect, complPt~, comply t~~th and ablde by this covenant, or any part hereof, said Mortg- ' sReP may rlacP an~i pa~ f~r si~ch inanrancc or wny pari thP*Pnf with~ut v~aivin~ or ntfecting any option. lien, ~ equity or nRht under or b~• c+rtue of this mortRaRe. ard th~ full amo~mt M each and every auch payment sha11 ° be lmmediately due and pa~•able end shall bear ~ntPrest from the date therPei until paid at the rate of ten per ~ centum per annum nnd to~eiher with .uch Interest sha11 be aecurcd by the Uen ot thl~ mortga~e. R 4. To permft, commit or a~~t[er no w•aste, ~mra~rment or deteriontion of aald property or any part thereot. ~ 6. To pay sll and ain~ular t1?e co~t~, cher~e~ and exp'n~es, includlnq nasonable lawyefa fees and cost ot abatracta of title, fncurred or paid nt nny time by aald ~lortgaRee becsuse andior in the event of the fallur~ ~ on the part ot the said btortRaRor to duly, promptly end fully pertorrn, dlacharge, executa, effect, complets. ` comply ~#th and sbtde by each and evPry the ~Upulations, agrcement~. conditions and covenanb ot eaid promis- ~ ~ory note, end this mort~aRe, any or elther, and ~ald co~ts, charges and expenaes, each and every, shaU be Im- ~ mMiatdy due and payable, whether or not there be notice, demand, attempt to colltct or sult peading; and th~ full amount ot each and every such payment ahall bear intere+t trom the date thereof untU patd at the nte ot ~ ten per centum per snnum: and all safd cosL, charRes and expen~e~ ~0 lncunM or pal~ together wfth ~uc6 !n- ~ ~ terest~ ~hall Ds secured by the Ilea o! Ws mortgage. ~ ~ _ ~ ~53 FA~E 704 ~ - ~ ~ y K ~ _ ~5__ _ - _ . - - -