HomeMy WebLinkAbout0721 i . _ " ~ ~~~1~
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~ - _ . _ STUART, Florida. . .
~ FOR VA RECfIV th~e
u~ndersin:~P~ io~ntiv ~evP~ally, PRC?MISE TO PAY to the order of
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. _ DOIIARS,
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i~ at JellSetl Beach, lox~. or su other ptace as the holde~
hereof may tles~gnate in wrih together w~th interest from date at the rate of 10 per centum per annum on the
: unpaid balance until maturity. T a~d principal and interesr shall be due and le
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~ In 60 (sixtv) equa thly in~t~lln~nt. S lCk~llarsl
including interest.
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The lst payment shall be due (Date)
This note may be pren ' at any time w t penalty.
.2 1{ ~e~a.,:e br ^~id~ fa 1 ~ davt ~n r~ yrvnt of anr mst~lim~nt of pr.rc~pal ~r ~~f~ or an~ pan •F~reof. tne whol~ wm thtn .ans~n~nq
.;~p~~d wn'^. .r.ee.e~~ ."aL a+ ac~de•'s cc~.on D~ce. ::e ra pa~~~fi w~r~~ no~~u F~~Iv ~o •.aaf~ a~ opn~n s~a:~ no~ cqrA•..r~ • w~~wr o( tM riyAf
~u e¦erP~f rAe sa-e ~ rk~ ereet of ~..bseo=~~r At>e. ma•u.:ry boM psnapal ~nd ~cuwd ~nee+M~ i1'a1 .~ntereu at .11/ iw cenrven pfr a+~no+n
. ~n~ p~.d. T~e ~w~a~~s Md ~~do.ien of M~s c f;.rtnr wa~.t oeenu+d. na~c~ of non-Wymenr and Droteft. If ~1~,t q ~t no~ p~~0 at Tah,rn~ ~ flk urn~ if
c'~c~d wnA an •ew•n~y fa co~:~cnon. ~h crs and endortr~ Mr~ot prN lo O~Y ~11 cosn of col~~ct.on. .ncsud~n~ a o- rt cosb ~nd rt~sor~bl~ ~rtan~Y iNS.
~ ~f o.~t peyme.,r ~a pe~d mxe +?w^ rs ot~er d..e +ne~. o6d~+rcn to so~a pO~m~nt, the ~.wke. snal per o IATE RGE o~ 5~ 01 the poymsnt dut
Z' SS.00, .~h,c^e~e~ a less. Thn ~n~~n s~ol' ~ar be c:nstrueG to mod.fy the Oefo~.Ir pro.~unns at~e~r er the :ntt~esf ofter defoult.
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and shall duly, prampUy and ~ul1~- ~usturm, d~+rharRe, exe~u!~, efir~•t. ~~~m~let~, ~•om~,Iy wrth and abide ~y qch
and e~~er~ thr stipulauuns, agre~mrntc. rondlL•uns and ~o~•~ nants uf s~ud F~run;~s»ry note and oi [Fua mortgage. •
then tRi~ mortgage and the estate hereDy createci shal! cease and be nul! ana ~•o;.L
It ~s understcwd that each ~f the word~. "note," "moriRagor" and "ntnttRagee" respectivdy and the proA- =
oun~ rnfernng thereto, whether in the stn~iler or plunl anywh~rP dn th~~ mnrcgage, ~helt be a~ngular 3[ one oNy ~
and ahall be pluml jointly and se~•~ralty. ~f mure than one, and sh:~lt he uia.vculine, feminine and'or neuter, whee-
e~er the context so impl?es or admits.
And aaid biortgagor tor himaelf and tus he~ra, 1cRal representati~~ea, suecessor~ and assigtu, hereDy coven-
Iuit~ ano agree~ to and w~th safd I?tortgagee, his legal repreaentat~~•es, succPSSOrs and as~ign~:
l. To pay all and ~ingular the pnnc~pa! and ~nterest and the various and sundry sums ot money p~y~Dle br
virtue of said proaussory note, and t2u~ mortgage, each and e~ery, promptly on the daya respectively the utt~
severally Decome due.
2. To pay all and ainRular the taxe~, t~ws~mPnts, le~ie~. I~ab~l~tie~, obl~~ation~ and incumbrances of eve~
nature and kmd now on said descr:bPd pro~Frty, an~1 ~r that hereaf:rr may be impo~ed, euffered, placed, levied
j ot assessed lhereupon, and-or that hereafter m.i~ 6r 1.•~•~ed nr a.~~~~csed upon this mortRaRe and/or the ~ndebted-
ness secured herebp, each and e~•err, w•Ren d::e and pa}abie ac.rrdin~ to law, belore they Decome deltnquent,
nnd betore an}• interest aitaches or any penatt} i~, incurr~~1: ami !n so far a~ eny thereot i~ ot record the sam~
~ shall be promptly sat?sfied and d~srhar~ed of record and the on~;~nal ot[tcial document Isuch a~, for itutanCe,
; .he tau receipt or the s~ttisfa~t:on pa, er offtc3ally en inrw~d or certi[~PCii shdll be p:aced fn the hand~ of said
I itortRagee w~thm ten da}•s n~xi at~e- ~syr.:ent: and in the e~•ent that an}• thereof is not so paid, ~ati~fied ind
discharged, sa~d atnrtRahee n:ay at ~n~ t~mr pay the $,iRIP cr ant part thPrPnf w-~thout wai~ing or at[ectin~
~ any opti~n. 1ien, equ::~ or riRt;t cin•l.,r r~r b}- ~:r:u~ of ih:: m~rt~aR~~, and the fuli amount of each and every
~ such pay:nent shall bP immed:at.~ly ~iue ar..t E~avab:e :?n~i sh:tll bear intrrest from the date therewf until paid
~ at the rate of ten per r.~r,tu-n per anrum and t~~~r~h~r w:th su~h ~nteres2 9hafl be secureA by the lien of thi~
~ mortgage.
; S. To place and contin,~ou~l~~ ke~p on the bu.ld:n~s n~~w or herrafter altuate on said land fire and wlnd~torm
~
~ 1n~urance fn the usual ..tar.dard pnlir~• f~rr.,. in n ~um nnt less thnn apecified by Florida 18W. 1n ~uch com-
~ pany or comp~ ~i.•s as r.:ay b~- a:~;~rr~„•d b~• ~1:.1 ~1~~r~,;y^. e, an ! a11 vurh ~nsunnce pnliciea on any o! ~id build-
~ ~n~e, any intPreat thPZe:n or ^art therenf, in thP a;-,r.•~.~;e a~m aiorP~a~d or ~n exce9s thereof, ~hall contein Lh~
usual siandant mnrt_aqvP ,-lat~« mak:nc tt;e 1~ >v ur~i~~r s:ud poLcies, each and every, payable to asid 1ltortga~-
~ gee a~ his interes: ma~• app^ar, an.i .~neh a~:~1 r~•.~: h p.~l~cy ?hall be promn!ly deli~~ered to and held by said
~ 1?iort~aRee; and, not less than tcn da~•s in ad:an~ e nf the Pxpiral~~n ol each polxy. to deliver to swtd MortRs[zee
~ a renPCa•al thereof. Meether w-~th a re~eint f~r thP p~rmium nf ~~~~h r~newnt_ and thPre shall bc no such in~ur-
anve placed on any of ~aid bwldm~a, any ~ntrre•st th~rc:n nr ~r+rt ther~of, unlea9 in the form end witfi the lo~
~ pa~•ahle aa aforesa~d: amt ~n !he e~-~nt any sum of mnnPy beonme~ payabl~ under se~ch pollcy or policiea sa?d
~ Mortra~te shal! ha~•e ihe opt:~~n tr~ r.~fP_i\'F and arply the ~am~ ~n arcount ot the indebtednes~ secured hereby or
to prrnzit ~a~A ~tnrtca~or to rP~ei~•~ ~ni ~is4 i? o- any ~+art thercot for other purjw~e~ without thereby wnivfng
~ or im~ a~rin~ an~ e~~uty. hen or r,;:ht undcz ~~r by ~•irroe ot thia mnrtgaRe: and ~n the even[ said MortgaKor ahall
for ar,y n~a;~~~ tn kP~p thP f Fr••r.:.a.•~ vn in~:ir~A. ~r fait to dell~~er Fromptly an~• ot said pohcies ot
s insurancr !o savl tinr*.~:tR~•e. ~r [~I ~rom~~U~• t~ fnlly ant• prem~um therefor, or ~n any reapect tafl lo per-
torm. dischar~~, ~xcc-uie, ~ffrct, com~lP?~, rompl~• t~-ith er.A aAid. b~ lht! c'o~•enent, or any part hereot, aaid biortg-
; aReP may placP ar.~i pa~ !nr such insurance or any rart th~rPnf av~thnut K•aivin~ or ntfectinR any option, lisn.
~ equity or r.Rht undrr or b< <•~rtue u! ih~s m~rt~eRe, ar..! thr full amoimt of each and every such paymen[ ~hall
be immed~a!ely duP and pa}•able and shall bPar in?Prest fmm the riate therPOf until paid at the rate of ten per
r c~ntum per annum and toRP[her v~ith auch tnterest ahall De necured by the lien ot thls mortga~e.
~ 4. To permlt, comr.iit or ~uffer no a•a.g!e. ~mrairment or deterlontion of aald pTOperty or any part thereot.
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b. To pay all and ain~ular the co~t~, char~e~ anA expPnse9, inNud~ng reasanable lnv~yer'a tees and cost o!
~ abstract~ o[ title, :ncurr~i or paid at any tlme by ~ald ~tortga~ee because andior 1n the event ot the fallur~
~ on the part o[ the said MortRa~or to duly, pmmptlY and fully peKorm, diicharge, execute, effect, complets.
~ comply w~ith and abide by each and e~Pry the stipulafion~, a~reemente, conditions and covenanb of aaid promW
~ wry note, and this mortRa~e, any or eithPr, and ~aid costs, chargea and expenses, each and every, shaU be im-
mediately due and pa~able, v~h~ther ~r not therc be not~ce, demand, attempt to cotlect or sult pendtng; and th~
ful~ amount of each snd every such pe~Tnent ahsll bear intere~t trom the date thereot unttl pafd ~t the rate a!
~ ten per centum per annum: and ali eald coat~, charRei and e:peose~ w lncurrcd or pafd. together wtth such !n-
~ terest, ~hall be eecured Dy the Ilen of thfa mortgage.
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