HomeMy WebLinkAbout0710 ' ~ ~rW~+~~?~PO~fi~~~? ~~~ti
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S . . . STUART, Floride, ~ . .
.l FOR VA RECH~V~~ th_ e~ndersia~P~ iointlv r~~ cevP~ally; PROMISE TO, PAY to the order of
y tiAN1C ~
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DOLIARS, ;
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at Jensen Beac , lol~d or su the~ place as the holder '
hereof may cfesignate in w~i ~ together with interest from date at the rate of 10 per centum per annum on Ihe
; unpaid balance until maturity. T aid principal and interest sha~l be due and p le
t
t
In 60 (sixty) ec~aa thly installment S (Dollars)
= including interest. ~
:2
~j The lst payment shall be due (Diate)
~ This note may be pre~ ' at any time w t penalty.
~t. li deiaul~ be ^sde /w 1~ d~~s +Ymem oi anY ina411ment o~ W~f+apa~ or ~M~ or ~ny part rherwf, th~ wMl~ swn ehen ~~ma~m~q
j. ..~pa~d w~f4 ,~fae~r ,~atl s~ ~olde•'a opnon beco ve ana paY~bl~ w~fhout no~~c~. FaJu+e ~o e.ac:s~ ~ oO~•on aMll no~ c N• w~~va ol M~ r~qht
~a •.~•os~ N~~ ~a~,e ~n H,~ ev«+t of a„b~eqnn~ avn. Ph~. n.~r„rny bpM pr~noWl ~ed uuwd ~nr~rt~~ sh~l r~nrer~st ~e ~8 p~. cenru,n Qf1 ~MUT
pa~d. Th~ ms~rn and •ndonen o{ M, . fur~her w~~v~ dem~nd, nohce of non-p~yment and protea4 If th~s q~t npt pa~e ~t inarurny ~nd NM sarry if
.t. a:x~d w~rn sn •crorney•Ior cWlecnon. ~ kers ~nd Mdo.s~n h~~wf aq.N to p~Y ail cwTS of colt~ctoon. ~ncl~dmp • re co~n u+d ?~aiaubl~ ~~lom~y /e~a.
.L ~t ony p~ yment ~a po~d more then rs ofter dt,e ehe.~ ~n odA,r~c~ ta so~d porment. ene ma4l~ shail poy o LATE RGE of S~ ol the poym~nf due
~ 55.00, MA~ChC~lr ~s ~ess. Thi ov~~~on shol! n,~t Ce ccnslrucd ro mod~ty lhe defo..tr prc~~ssa~s he~e~r or t1k ~nt~r~sf effe~ deloulf.
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C O P Y
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and shall duly, promptly and fully pcrform, dss~har~e, ex~~ut~, efte~•t. com~letr, romply w~th and abide by each
and e~~ery the sUpu:auons, agrMmrnts, condit~u:~a and cov~nants ut sa~d prumasaory note and ot tfti~ mortgage,
then ttu~ martRage and the estate hereby created shsll cease and Ge null and ~~oi~1.
It i~ understood that each ot the wor~la. "note," "moriRagor" wnd "monRagee" respectfvely and the proa-
oun~ re[emng thereto, whether in lhe sinRuiar or plural anywhere in thla morLgage, rRall be n~ngulu it one oNy
and ahal! be plurnl jointly and severally, It m~~re than one, and sh:ill ne ine~aculine, feminine andior neuter, whee-
ever the concext ao impliea or admits_
And ~aid Mortgagor for him~elt and hie heir~, Iegal representati~•es, succe9sor~ and assigiu, hereDy covea-
ants ana agrees to and with aaid Atorigagec, hia legr?1 representaUve9, succPVSOrv and as~ign~:
1. To pay all and singular the ptincipal Rnd interest and the various and sundry sums of money payable p~
virtue o[ eaid prom~asory note, and thia mortgage, each and every, prompUy on tAe days respectively th~ um~
aeveralty become due.
2. To pay all and ~ingular the taxe~. a~ses.~mPnts, le~•ica, LaDil~ties, obl~~+?tion~ and incumbnnces ot ever~
nature and k?nd now on sa~d descnbpd property, and'or that hereafter may be imposed, au[fercd, placed, levied
or assessed thereup~n, and-or that herenRer m:?y br 1.•~•:ed or asc~~~se~1 upon this mortgaRe andior the indebted-
ness secured hereby, each and evers•, u•nen due and ~~yable ac.Y+rdin~ to law, befure they become delinquent.
~ and before any interest atfaches or any penalty is iitrurr.~d, and ~n ~o tar as en~ thereot ~a o( record the sam~
~ shall be promptly satfsfied and dischnr~rd of record and the on~;inal ott~c~al document I~uch as, tor Instance,
I Lhe tax receipt or the sat~+[a~t:on paper of[iciaily emtnrscd or certifiPdi shnll be placed tn the hands ot said
E AtortRagee v?ithin ten da~9 n~ xt a[ter paymcnt; and in the erent that any therPO[ ~s not so paid, astiatied snd
' discharged, said DtortRa~ee may at any time pay the s:ime or any part thPr~nf w•iihnut wa~~~fng or attectin~
~ any opt~Dn, licn, equity or nRht under nr b}• ~'~rtu~ of ih:s mnrt~aQr, end the full amount of each and evtry
~ such paymenl shall be ~mmediately +iue an~! payab~e ~nd shaU bear intcr~st from the date thereot until paid
~ at the rate of ten per c~~nWrn per annum xnd t~+~eth~r w~th such ~nterest shall be secured by the lien of thi~
~ morigage.
2 3. To place and continuously ke~p on the bu,?din~s now or hereafter altuate on said land fire and wtndstorm
~ lnaurance in the ~s~i~al ~tandard rntic~ f~rm. in n Qum n~t les9 thnn epacified by Florida 18W...., In euch com-
pany or comp^-~:~s as map be np~:~~~•r~i bt• ~a;~l :?1nr!;;s_~•e: :~m1 nll qurh insurance p~liciea on !?ny of said build-
~ ing~, any intrrest therein or part thereof, in th~ ~~~r.•~ate 9um aforPSa~d or in excess thereof, ahsll contain ths
usual standard mnrt~aRrr clause makinQ the I~~~v u-.~i~•r s:ud pohcie~~, each and every, payable to aaid Mortga-
gee as his interesi mac ap~ar, and ~ach ar.~l r~•~~-t• sv~ h p~d~cy ahaU be prompUy delivered to and held by said
~ bior[~agee; and, not less than ten days in nd~: an~e nf the Pxpirat~~n of each pol3cy, to deliver to said Mort~aRee
~ a renP~val thereof. t~Qether ~~~th a rece~pt tnr thP prPmium nf vn~h r~newnl: nnd thpre ~hall be no auch insur-
ance placed on any of ~a~d bwld~n~s. any interest th~re~n ~r ~art thercof, unle+9 in the torm and wlth the loss
~ pavable as aforesaid: an~l ~n the e~•Pnt xny sum of m~~ney bernmea _ payabl~ under ~uch pollcy or policies nsid
Mort~a~ee shall have the opti~~n to~ r.~~ei~•e and arpl~ the ar?m~ on arcount of the indebtedness aecure•! hereby or
~ to {~rmit said Mort~a~or to re~ei~•~ ~nd use it or nny ~art thercot tor othpr purpose~ vvrthout thereby wa~Wng
~ or ~m~+airing an~ equity. lien or n~ht under nr by ~•~rtue of thta mortgaRe: and in the event said MortqaRor shall
~ for en~ rP:?sn:t fa:t t~ keP~+ the sa:~1 pr•~m~v~~s an in~ur~A, ~r fail to dellver promptly nny of said policie~ ot
~ insuranc~ to sa~d rtnr.~aR~e. or fail Prnmpily t~ r.~~• fnlly :tt?y premium therefor, or m any re~pect fait lo per-
~ form. ~tiechar~e, exe~~ut~. ~fte~t, compl~tP, comply ~.~th ar.d ahi~le b~ thi~ co~•enani, or an}• part hereot, aaid Mortg-
aQeP may placr an~1 pay for s~ich inatirnnce or anY ~art thPrP~f k•~th~ut vvaiving or affectinR sny option, li~n.
~ equity or r.Rht under or b}• v~rtue uf this m~rt~aRe, and thc tull amount of each and every auch payment shall
~ be immedia!ely due and pa~•able nnd shett bPar intPrest from the date ther~ot untfl paid at the rate of ten per
centum per annum and toRether with such Interest shall be aecured by the lien o[ thl~ mortgaRe.
2 4. To permlt, commtt or suffer no Hb,te, ~m, a,rment or detertoration ot said property or nny part thereot.
b. To pay nD and ain~ular the costs, char~e~ nnd expPnses, includ~ng reasonable laKyer's fee~ and cost of
~ abstracta of title, Incurred or raid at any tlme by aatd btortgaRee bec~use and/or tn the event ot the tWttr~
~ on the part o[ the safd MortRn~or to duly, promptly and tully perform, dlscharge, e~[ecute, etfect. complets.
comply v~-ith and abide by each and every tfie ~tlpulatione: agreements, condiUons and covenanb ot eaid promL-
~ sory note, and thi~ mortRaRe, any or efther, and ~aid cnsts, chsrge~ and acpenses, each and every, ihall bs Im-
a mediately due and pwyable, ahether ~r not there be not~ce, dcmund, attempt to collect or sult pending; and th~ -
~ lttll amount of each and every ~uch payment ahdfl bear intereat trom the date thereot untll pald st the nte ot
ten per centum per snnum: and all aatd casta, cAarRei snd eapea~e~ ~0 lncurrM or pdd, together wlth iuch 1n-
~ tenit~ ~hW be secured by ths tlen of this mortgage.
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