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HomeMy WebLinkAbout0697 ~~P~k+~?-0~v?~k~~P~~ ti~~ti~.} . E _ STUART, Florida, _ . _ - 1 FOR V RECEiVE the~undersia~P~ ~oinNv w~~i ~evP?atly, PROMISE TQ PAY to ihe order of._._ . - - i - - - - - - - - . _ _ _ DOLIARS, at Jeztsen BeaC FloS~ddt or such er place as the holder j, hereof may designate in wr together with interest from date at the rate of 10 ~ centum per annum on the unpaid balance until maturity, said principal and interest sha~l be due and pa e t, ; In 60 (sixty) eyua thty installments $ (D~llars) ; including interest. ~ The lst payment shall be due (Date? This note may be prep ' at any time ut penalty. - ? ii deta~tr be Tirh fw 1~ days ar~~ o( ~nr ~nat~llm~nt of a~~+e,w~ a~n ~ w an~ p~~~ +herwf. +M whol~ s~.n tA~e, rNn~;n~np 3. ~npi~d w~~4 ~ctere~r ,~all st h.ol~•'s op~~on b~co and wY~N w;fAput nohu. FaJ~n to e¦~rut~ op~~on shail not c ~l •..M a w~rv~r of tAe ripM ro •ae~ose rhe saTe n r?~ event ol s~,bseo-Mr au~t. Af.c. ~~awr~~y bofh p~inupal ~nd ~ccrutd ~m~.ef~ sM ~r mrereat a~ ~~J pe~ c~ntum p~r annum ;.n~d pa~d. Thf ma?~ro ~nd endors~rs of fh~~ e(~rlher w~~w ddn~r.d. nohc~ of non-p~rment at+d Motnt. (i 1h f~ is ~ot paq N rtuf~nry ~ t!N s~ey is • oitt~d w~rA ~n areo,ney fa coll~cr~on. ~h~ ~rs and ~ndaa~.~ M.eof ~q~N b p~y •II cwh of coll~ctlon, ~ncl~dmp coun cosb and r~aia,~bN ~~~anty fe~s. o~+v e~rr*e+~~ ~s vo~d mo.e rho~ t ys oHer d~.e ~nen, ~n odd~~~on to so~d poyment, tht moke. a?wi~ oay a lAT ARGE of S~ ot the poym~nt due = or SS.00, +.h~chc1er ~s less. Th~s ~s~o~ shel! ncr 6c consf.ued ~o mod~fy fhe de~oult pro~n~xs /x~em a the mtertst ofter defouh~. ~ .s. .S~l~ C O P Y . , . 'tkkti{`{".ti .'k~'Y~S~ktiV'{`S~'V'~.u:M''tW{•L~": }L~~K~`{•'~k~~ti'C•C'1Z'P'.~~}-0'•}'~'tiMk••}'~".~"`'~'ti'ti".b.~'ti~'ti •:~ti .,ti :..:~{.{~»}~h'.ti and shall duly, promptly and full~• ~rform, d~9~harRe, execut~, etfe~ t, comPletr, ~omply w~th and abide by taeh and every the stipu:ations, agrecmrn~4, condit;ons ~nd covenants Lt sa~d prum,s~ory note and ot ttua mortgage, then th~s mortRage and the estate hereby created shall cease and be nuU ana ~•o~d. It ~a understood that each ot the worJa. "note," "mortRagoY' and "mortRagee" respectively and the proa- ouns refernng thereto, whether ~n the sin~ilar or plural anywhere in thls mortgage, ~hal! be singular it one only and ahaU be plural ~ointly and severaUy, if more than one, and 9ha11 be mn.gculine, fem~nine and/or neuter, wher- ever the context so implies or admits. And aaid Mortgagor for himselt and his heirs, tegal representative~, successoro and asslgns, hereby coven- ~ ants ana agree~ to and with said I?fortgagee, his legnl reprrsentatives, successors and as~igna: 1. To pay all and ~ingular the principal and intereat and the various and sundry auma ot money payaDle b~ virtue ot aaid promiaaory note, and this mortgage, each and every, pmmpUy on the daya reapectively the ~am~ aeveraAy become due. • 2. To pay all and aingular the taxe~, assessments, lrvlca, liaDiGties, obli~ntion~ and incumbrancea ot everr nature and kmd now on said descnbed pmperty, and -nr that herea[ter may be imposed, auttered, placed, levied or assessed thereupon, and%or that hereefter mxy be lrv~ed or as~~sved upon this mortgaRe and/or the indebted- ness secured hereby, each and ever}„ w•hen due and payable acrerd~ng .o law, be[ore they became delinquent, i nnd before any interest attaches or an~ penalty iy u:currrd: and ~n 9o fnr as any thereot ia ot record the sam~ shalf be pr~mptly satisfied and d~scha ~ed a! record and the onR~nal offtcial document lsuch as, [or instance, i Lhe tax receipt er the satisfartion paper off~c~ally en~l~rve~1 or certihPd? shall be placed 1n the hands of said ttortgagee v~iihin ten d~ys next ~ftrr paymcnt; and in the event that any thereof ~s not ~o paid, aatis~ied and ~ discharged, said 1?t~rtRaSee may at any time pay the s:tme or any (.art thrrF~f w•ithout wai~~ing or aftectin~ ; any option, lien, equsty or r~Rht undcr or b~• ~~iriur~ ot this m~rt~aRr, and the full amount of each e~nd every such payment shall b~ immediatrly ~lue nnd pavable an~i shatl bear iMcrest from the date thereof until pafd E at the rate of ten per c•~nturn per annum and t~~~eth~r weih StiC~l interest shall be secured by the lien of thi~ mortgage. _ - ! ~ S. To place and continu~usly kerp on thr bu~lci~n;;a n~w or hereafter attuate on said land fire and wtndstorm ~ in~urance m the u~ua! standard pnli~y f~rm. in a sum n~t 1e~9 than sQecified by Fbrida i8w..._, !n auch com- ~ pany or corop^zi~~s as may be a~ipr~~~•ed b~ ca:~l ~t+~rt;;~,~~e: amt ~11 gilfh insurance policies on any ot aaid build- ' ing~, any intpres[ therein or parL thereof, tn th~ n~~n•~ate sum aforPVa~d or ~n excess thereof, shall contain th~ E usual standard mnrtt;aqPP ~lat~se makin~ the I+~~s ur.~i~~r s:tid poLrie~. each and every, payable to said l?tortga- ~ gee a~ his interesi ma~• appPar, and ~ach ar.d c~~~ h p~dtcy ahal! be pmmptly dPLvered to and held by said ~ Alori~aRee: and, not less than ten da~•s ~n ad~an~e nf the Pxpirat~~n of each pr,licy, to deliver to said MortRaRee ; a renP:val ihereof. tnQether with w rcce~pt inr thP prPmium nf an~h r~newal: and there ~hall be no suCh insur- ance placed on an}• oI ~aid buil~iinRs, any interest th~r~~n or rart thereof, unlea~ in the form and with the loss ~ pa}•able a~ atoresa~d: and m the eePnt any sum of mi~npy bPCOme~ payable under such pollcy or policiea said ~ Mort~a~ee shall ha~•e the opli~~n to receirP and zpply the sam~ ~n arcount ot the indebtednes~ secured hereby or ~ to prrmit 9a;d ~Iort~a~or te rerei~•~ nmi usP it nr nny part thercof for othrr purposea without thereby waivfng s or impairin~ anr equity, lien or n~ht under ~r by ~•~rtue of [his m~rtgaRe; and in the event said tiiortgagor ahall for ar.y rP1;~~ ~ fa~1 to kP~p the ~ai.f pr~'Tlla~-5 sn in~ur~d, or fail to deNver promptly any of said policie~ ot insurancr tn sa~r; ~inrt~aR~•e, or faii promptlp tn pip fl~lly :?ny premium therefor, or in any reapect fafl le per- form. d~schar~~, execu,e, e~tte~t, complFte, comply ~~~th ar.d aAide by thi9 co~~ennrtt, or an) part hereo[, said lliortg- - aReP may place and pay fnr such in9urance or ttnv part thPrPnf withnut kai~•ing or atfecting any option, 1i~n, z equity or r.Rht undcr ~r bp ~•~rtue of thfs m~rtQaRe, an~l thi~ futl amount of each and every auch payment ahaU ~ tSe immediately duP an~1 pa~-able nn~i shall bPer intPrPCt from the ~iste ther~of untll paid at the rate of ten per centum per annum and toRether with vuch Interest ahall be aecured by the lien ot this mortga~e. ' To permit, cnmm~t nr ~iiffer no a•~9te, imFairment or deteHoration ot aald property or any pnrt thereot. ? 6. To pay all and ~in~ular the coats, char~c~ and expPnses, inciud~ng reaaonable lawyer's feea and cost ot ~ abstract~ ot title, fncurred or paid al any tlme by sald 1?iortgeRee becau~e and~or ln the event ot the fallurr ' on the part ot the said MortRaRor to duty, promptlv and [ully periorm, diecharge, execute, effect. complete. ° comply with and ablde by each and every the sttpulation~, agreements, condiUons and covenanta o! sald promfs- ~ wry note, and thi~ mortRage, eny or elther, nnd ~afd cn9ta, charge~ and expenaes, each and every, sh~ll be Im- ~ mediately due and payable, whether or not there De notice, d~mnnd, attempt to collect or sult pending; ~nd N~ ~ full amount o[ each and every auch pavment ahnU bear interest [rom the date thereot unW pafd ~t th~ rate o! ~ ten per centum per arinum: and all safd costw, charges and eapense~ ~o Incurred or pald. together wtth such in- ~ terest, shall bs secured by the Ilen ot Ws mortgage. ~ a ~ ~ E, i~ 5~ F~Cf ~~7 I ~ ~ _ - . _ -