HomeMy WebLinkAbout0715 +~4Pr~?fiv4~~i ~OOd~?~~fi-0~~~~
~ - - _ . . . - - - STUART, Ftorida,
~ fOR V RECEI~ the~ndersia~~ ~oimiv cevp?ally, PROMISE TO PAY to the order of
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.L _ _ . DOLLARS,
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~ at Jensen Beac loX~ . or su other place as the holder
hereof may designate in wn together with interest from date at the ~ate of 1~ per centum per annum on the
u~paid balance until maturity. said principal and interest shall be due and le
In 60 (si~ctv) ec~ua thly instalLnent S (Dollars)
including interest.
; The lst payment shall be due (D~ate)
~ This note may be pre at any time ut per~alty.
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.t H de(aull be ~^~d~ Iw 1 ~ dWa in oay,nMf o1 MY ~nfNllment o! pinc~p~l or ~n 1 or •ny p~r~ MNwf, ~M whol~ fwn MM rana~mrq
unpa~d w~rti mtNesf .~a11 at held!•'s opf~on ~fco d~e anC P~rabN w~tAp~f not,c•. FaJw• ~o e¦eraf~ OPUOn sh~11 np~ c ••.r~ • w1~vp a! M! riphl
= ro ueroi~ the aalne M~ e~enl of s~6~ea.~e f~u~r Af~e. ~nsrunry beM pmupal ~nd ~cu~~d ~nt~r~st sM ~rrerest pe~ centum pM ~nnum
•i ,:m~~ pcd. Tht ma?~rs and endonen cf ~R, ou fur~tiev w~~w dem~nd, not~c~ of non~p~Ymsn1 snd prot~s~. tf ~ ia .q~ paw N inai~nty ~nd tM unN ~s
•j~ o~x~d wnh ~n •rrorney fw co4~cnon. ~ kers and endo~s~.~ Mreof ~p.q ro wr ~11 cwn of col~~u,an, +nclud~nq cou~e cosn and rt~~onabN ~~rorn~y fees.
if ony po ymcn~ ~c po~d more ~ho~ don ofre~ A..e ~he~. ~n odd.r~rn fo sa~d Dov~^t, the meker sfa~l poy o LAT AqGE of 5°(i ol fhe pOymMt due
y tr j5.00, vth~che•er ~s less. Th .ov~s~on shal! nat De co*+srrueO ~a mod~fy Ihe Oefoule provn~ons hNNr p th! ~nter~sf pffH dlffluif.
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and shall duly, promptly and fufly ~~rform, d~srharRe, exwcutr. effert. com~tet~, ~omply w~th and abide by eaeh
and e~•ery thc st,pulat?ons, agreementc. condit~u:i9 and ~~ov~nants uf sa~d prum~s~ory note and of ttus mortga~e.
lhen thi~ morLKage and the estate hereby created sh3ll cease and be null ana rori_
It i~ understood that each ot the worcle, "note." "mortRagor" and "mort~wgee" respectively and the pron-
oun~ rnferreng thereto, whether ~n the sinRular or plural any~hrre in lhla mnrtgage, rhall be a~ngular It one only
and ~ha11 be plural jointly end severally, it more than one. and shall !~e mx.vculine, fem~nine andJor neuter, wher-
e~er the context ao implies or admits.
Md u[d Mortgagor for him~elt end hls heirs, le~s1 representati~•es. +ucces9ors and ~ssfgtu, hereby eoven-
ants ana sgree~ to and nnth said Diortgagee, hia legal repre~entat~ves, succPSSOr:s and assigns:
1. To pay W snd aingular the principa! and interest and the varioua and sundry sums o[ money payable b~
vinue o[ said prniruasory note, and Uus mortgage, each nnd every, pmmptly on the days resptctively ths aam~
I aeverally become due.
i " 2_ To pay all and aingular the taxe~, dcses~menta, le~ie~, liab~lities, obl~~ation~ and Incumbnnces ot every
, nature and kind now on said described propPrly, and•or that hereafter may be impo~ed. auffered, placed, levied
or assessed thereupon, and%or [hat heree(ter mar br tr~•,ed or as~e~ssed upon this mortgaRe and/or the indebted-
ness secured heteby, each end e~•er~, a•hen due and rayable aarrd~n~ to 3aw, be[ore they become delinquent~
and before any ~nterest attaches or any penalty iv ir.curr~~d: and ~n so far as any thereot is oi record the sam~
shall be promptly sat~sfied and d~schar~ed of record and the on~-ina! ott~c~at document lauch aa, tor instance,
ihe tax receipt er the satisfact~on paper off~cially enA~rvid or cert~flPd? shall be placed fn the hand~ of sald
~ Mortgagee v~~thin ten days n~xt after ~aymFnt; and in the cvent that anY thereot is not eo paid, ~ati~fied and
discharged, said atorlqa~ee may ai any t~me pa~ the s;~mc or anv part thrren[ v~ithnut wai~ing or at[ectin~
~ any opUOn. licn, eqmty or nRht und~~r or b~• ~~:r~uP nf this mort~aRe, and lhe full nmount of each and every
auch pavment shall bc imm~~d~at~ ly ~Sue an~i rayaA~~ ~nd sh:til bear inier~st frr,m th~ date thereot until paid
at the rate ot ten per c. nturn ~er annum and t~~~eth~r w~th such ~nterest shall be secu~ed by the lien ot thii
mortgage.
3. To place and cont:nuously ke~p on the tru~ldin~s nnw or hereafter altuate on said land pre and wfndatotm
insurance in the u~ual ~tandar~l p~~li~~ f~rm, in e ~um nnt tegs thxn ~C~.~d by ~]011d8 18W...., !n auch com-
pany or com{~~ .r.~•s as may be Appr~~t•ed bti ca:~l \tnr!;;~~~•e: an•i alt surh ~nsur:ince ~licie~ on any of said build-
ing~, any intPrest there~n or ;~art thereof, in the n~~r~•~ate sum aforP~a~d or in exce~s thereot, shall contain th~
usual standar.l m~rt~agPr ~la:~s~ mak~nQ the I::~s ur.~1~~r s:ud potu•ie~, ea~h end every, payable to said bfortga-
gee as h~e ~nteres; may appear, an.i ~a~•h a::~l e~•~~: y s~+~ h pnl~cy ahall be promptly de1?~•ered to and held by said
7lfort~aRee; and, not Irss than tcn davs ~n a~irant-e nf the Pxpirat~nn of each policy, to deliver to ~nid MortgaRes
a rene~val thereof. toQether Kith a rcceipt fnr thP prPmium nf vn~h r~newel: and th~re ahnll be no such insur-
ance placed on anp of ~aid bu~IdinRs, any ~nterest th~re~n or pr+rt ther~of, unlea~ in the form and wlth the loa~
pavable a~ aforesaid: an~i ~n the e~•Pnt any sum of m~mey bP~nmes payabl~ under ~uch pollcy or E+oliciea _said
Mortr:a~ee shall ha~•e the opti~~n to recei~•e and apply the s:im~ ~n arcount o[ the inAebtednes~ xcured hereby or .
to pPrmit sa:d ~inrt~a~~~r to r~~ri~•~ nnd u~r it or any pstrt therenf for other purpo~e~ without therrby waiving
or ~mpairin~ anr equity. lien nr r.~ht under +,r by ~•~rtue of th~s mortRaRe; and in the event snid MortqaRor shalt
~ for nny rNasn~ (a~1 tn ke~p the sai~1 pr•~m~a~~s sn insur~d, or fail tn delfver promptty en~ of said policiq ot
~ insurancP tn sa~d ~inrt~a~;~e. or fail pmmptlv to p~y [nlly :?ny prcmium therefor, or in any rest+ect tai) to per-
~ form. d~cchar~P, exerute, Fttert, compl~tP. comply :~~th and abi.fe by this co~•enant, or any part hereof, said Mortg- i
a~eP may plar~ artd pay fnr snch in?e~rance or xny pert thrrPnf .vith~ui kaiv~ng or atfectinq sny option, li~n. ;
~ tquity or nRht u~d~r nr by ~•~rtue of th~s mort~aRc, ar.~l th~ [ull amonnt of each and every euch payment ~hall ~
be immed~ately duP and pati•able nnd shall bPar intorest trom the date therPOt untll paid at the rate ot ten per `
centum per annum and toReth~r with 4uch tnterest ~hall be qecured by the lien ot thfs mortgaRe.
4. To permlt, commit or ~i~ffer no w•a.~te, impairmcnt or deterioratlon of aald property or any part thereot. . j
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~ 6. To pay ap and ain~ular the co.ta, char~es nnd expPn9es, includ~nq resaonaDle lawyer'~ tees and cost ot ~
aDatracts of title, lncurred or paid at any tlme by sald At~rtgdRee because and/or In the event ot the fdlu»
~ on the part ot the said Mort~nR~r to dul~, pmmptly and tully perforrn, discherge, execute, etfect, completq f
~ comply v~~ith and sbtde by each and evrry the ~tlpulation~, agrecments, condlUons and covenanb ot esid promts-
wry note, and thi~ mortRaRe, any or elther, snd +ald costs, chargea and expennes, each and every, ah~ll be Im-
mediately due and pe~yable, whether or not there be notice, d~mnnd. attempt to collect or sult E?ending' and th~
~ fW1 amount of each anA every sucA papment ahall bear intere.t trom the date theceot untU pafd at th~ nte ot
ten per centum per ar?num; ar.d all satd co~te, char~e~ and expense~ w lncurred or pal~ together wlth such ln-
terest, ~hW be ~ecured by ths Iten of Ws mortgage.
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