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HomeMy WebLinkAbout0167 . . , STUART, Florida. - FOR VA RECEIV ~ndersio~~ ~ointlv r~~ cevP?atly, PROMIS~ TO PAY to the order of._. - _ . . - - - . .-------OOllAlt3, at Jes~sen Beach~ lOS~d . .or s the? plsct as th~ holdK ~ • hereof may ciesignate in wrin together with interest from date at the rate of 10 . per centum per ~nnum on tIN unpsid balance until matu~ity. T id principal and interest shail be due and !e In 60 (sixty) ec~ial thly installment $ (D~llars) including interest. The lst payment shall be due {p,ate) This note may be pre at any time wi t penalty. ~L H deiwh be ~sd~ 1w 1~ daw WYi'NM OI M~r imap~n«~? of w~~e;p~1 ar ~n~~. o• ~~r pu~ eb~nof. ~M whob wn. N+w~ ran~w~~y } orpa~d wd4 ~ntNt~t ,'~dl at Aold!•'f Op~.on Dtt d,rf ~~a p~Y1b1~ w~~hOUt noPC~. Fhkr•~ lo ~aNaN t Op?an ~hal1 npr c~~~+•N • w~~vN Of NN r1~11 . 3 ro •ae.os~ ~M ume n NN ~v~nl of ~uDsWx~ fwn_ AN~r ena~w+~y boM prinawl ~nd ~cawd .nqnsi ahall ~ne~re~~ a p~r e~nlww pM ~nnww , ni~~ w~d. TM ina4er~ ~nd endorien of ~M oee Iw~~e. w~.w ~n~nd, notin of non-par~n~ u.d proe~s~. ti ?h~i ~s not p~w ~t nNtw~H ~ q» uny is piK~d w~M an •rw.ney (pr collM~on. tN~ ~nd ~ndo.wr~ Iweol prN b O+Y all cosn of co1lK~ion, ~nclubnp ~1 f cosb ~ nawiybb ~tlornhr onv poYr~~ ~s po~d mae thw eoys o1+er due +nen, u, odd.r~on to soW vaymen~. ~ne mok~. ~I+a1 por o LATE RGE of Sa6 of ti+i poyen~nt dw o. SS.00, MhKhl~N ~s iess. Th~ ~su+n s~w1i no~ be cwnrr„ed ro mod~fy the defoult prw~swns htrea: a rM ~nt~r~st k~r tMiouff. C O P Y SEAL) . ) ~s,.'~C~fi4ti+ti+.t. , a~d at~all duly. promptly and full~ pertorm, d~scharge, execut~, effe~•t, compiet~, romply w~th and abide by eat~ and e~erv the stipulauon~, agreemen~+, cond?t~ust~ and co~•cnanls ot ~n~d prum~saory note and ot thia morisap„ then this mortgage and the estate hereby created shall ceaae and be null and ~•oid. It is understood thsC each ot the wonis, "note." '~mortRagor' and "mortRagee" reapectively ~nd th~ pron- ~ ouns referring thereto, whether in the aingul~r or plural anywhrrc in thls mortgage, ~shRil be singulat ft on~ only and ahall be plural jointty and aevenily, if more than one, and rhali be ~nauuline, temu~ine and/or neuter. wlt~e~ ever the context ao implies or admit~. _ Md s~fd bLortgagor for himeelf and his hein, legal representatices, aucceasors and auipu. hereby oowa• tnts aua agrees to and with sud Mortgagee, his leg~l repte~entsGves, succcasorr and as~iana: l. To pay ~!l and singular lhe pnncipal and lniere~t and the various and sundry sum~ of money p~~?SDI~ b= virtue of said prnmisaory note, and tlus mortgage, each and every; prompUy on the day~ resp~cqvely th~ ~ severally become due, , 2. To pay all and ainRular tfie taxes, asaes~ments, le~~es; liabilttles, oCli~ations and fncumbrancq o! ~ver~ nature and kind now on said descnbed property, and or thst hereatter may be impoaed, auttered, plued, levied or aaaeased thereupon, and.~or that hereafter mxy be ir~•~ed or.assrsxd.upon this mortgage and/or the indebteQ- , ness ~ecured hereby, cach and eti•ery, u•hen d~~e and rayaDi~ sct~eeYi~ng to law, betore they becoma delinquetlt~ 4 and betore any interest attaches or any penally i9 n:currr~{; and m Qo far as any thereot is ot rtcord the ianf~ i shatl be prumptly satlstied and discharfied ot record r?nd the on~nat ott~ciui document lsuch aa. tor inaW?c~. ~ ihe tax receipt or the sat~atact,on paper officiaily en.tor~•d or certit~Pd~ shRll Dc placed tn the hands of uld b ~tortgagee vi.zt::in ten days ncxt after raymcnt; and in the e~•ent tAat any therrof is not so paid, uwrea ane . dischsrged, said 1?tortgagee may at sny t~me pay tht s~me or anv part thereot Mithnut wairirfg or af[ectIrtt ~ any opti0n. lien, equ~Ly or riRht undFr nr D~• ~~~rtuP of this mort~aRe, and the tull amount ot etch and evtry f such payment shaq be immediatrly ~iue an~t ~ayable an~1 shall bear inter~st from the date thereoi until palA at the rate of ten per cPnturn per ennum end t~~~ethrr- K1L~1 su~h interest ahall be secured Dy the Ifen of t1W i mortgage. ' 3. To place and cont~nuou'sly ke~p on lnP bu,ld~n~s now or herestter sftuate on said land tire and wlndstorm ~ fnsur$nce ln tRe u~ual ~tandar~i rnlicy fnr.n, in a~um not le~ than ~EC~d by F~OI'1~8 laV.._., 1n such Com• I pany or comp~ni~s as maY be ap, rn1•eA Ar sa~~l :?inr!~a~~•e: aml all such insuranre pnlictes on any ot saSd bW1d- ~ ings. any int~rcat therein or part therenf, in the n~~rrkate sum aforPVaid oc ~n excess thereof, shall contafn tM ~ usual atandarA m~rt¢~qe~ Naus~ mak~rtQ tt~e i~~~s ur.drr ~a~d pol~ci~~, each and every, payabl! to said ~lortga- gee as his i~teres[ ma}• ap~ar, and each ar.d Prr: c:~~ h p:d~cp .h~ll be promptly delivered to and hdd Dy ~aid ~ MortRagee; and, not less than ten davs ~n adranre nf the •xperat~or~ ot each poliey, to deliver to aald MortRaR~ a reneiva) thereof, toRether K'i~tt a rece~pt-t~r th• prrm~um nf .urh rrnewel: and there shall be no iuch insur- ance placed on any of axid buildinR~, any ~nterest th~rein or pert thereot, uNe~~ in the form and wlth the loM ~ pavable aa a[oreaaid: and in the e~•Pnt any aum of mc~ney become~ payable under e»ch polfcy or pollcia said MortQn~ee shall he~•e the opti~.n to rrceive and npply the aamr on accottnt ot the indebtedness secured hereby ot to ~xrmit aaid ~tort~aRor to re~ei~•~ :?n~i uep it or any pnrt thercot for other purposq without thereby waivln~ ~ or impairin~ any equity. Ilen or n~ht under nr by ~•~rtue of ihiy mortgaRe; and in the event uid Mo~tgagor shaU : tor any rraso~ fs+~t to kP~~? th~ ~A:A j~~•'Rlltrc .qn in~urr~i, nr fail to deliver promptly any of sald policies ot f insuranc~ to said bt~rtfiaR~e, or fnil prnmptly to p,~• t~ttly any premium theretor, or in any respect fafl t~? per- • form, di.charRe, execute, effe~t, complrt~, comply ~~7th and ab~~7e by th~a covenant, or an) psrt hereof. uid Mortg- I age~ may plac~ and pay [or such in!ursnce or xny part thPr~M without waiving or attectlnq any option, lien, _ equity or nRht under or b~ c~rtue ot ih~~ mort~aRe. ar.J thc (ull amount of each and every ~ucA payment ahall ; be lmmediately dur and pa~•able nnd shell bear intPrest tmm the date thereof unt(1 paid at the rate of ten per j centum per annum nnd toRether Kith •uch tnterest ahall be aecured by the lien of thl~ mortgs~te. 4. To permlt, commit or autf~r ne w•as;e. ~mrairment or deterioratton of sald property or an~ part thereot. i 6. To pay a11 and ainRular the co•ts, chaz~es and expem~es, tnclud~ng reasonable lawyer'~ tees and co~t ot ' abstracta of tiqe, fncurred or pafd at any time by ~atd MnrtgaRee because and~or tn tht evenE ot the tallur~ j on the part ot the said MortRaRor to dnly, prnmptly and tully peKorro, dlicharg~, eaecute, effec~ complet~ s comply wiN and abide by each and every the ~ttputations, a~reements, conditlon~ and covenanb of uid promU- ~ wry note, and t?~is mortRaRe, any or elther, and ~ald co~ts, chargea and espensei, euh and every, ~haU b~ lm- medlately due and payaDle, whether or not there be~ not~ce, demnnd. attempt to coUect or sult pendfng; and th~ iW! amount of escA and every auch pavment ahall benr interest trom the dat~ theceo! unW p~1d at the rate at ~ teo per centum pe~ annum• and all aeld costs, charRes ar~d e~cpense~ ~o incurt~ed or pa14, tontl~r Mth ~uch fa- ter~a~ ~ha1! D~ ~ecvred by ths llen ol~Wa mortga6e. ~ ~i ~ A _ _ . _ 'r5ii