HomeMy WebLinkAbout0203 . ~ .
STUART, Flo~ida, _
FOR VAL E EI LFiq,~~dersiar+~i jointlv cev~~elly, PROMISE TO PAY to the orde~ of.__......_...
l3F1N1C
---P ---__.....DOIIARS,
at J~ Aeach, orudd~-----•-----~---~~~_._ --..__.......--.----._---..._.or s other lace a: the holder
hereof may designata in writi oflethe~ with interest from date at the rate of ..~4 per centum p~r a~num on th~
unpaid balanca until maturiy. The 'd principal and interest shall be due and le
In 60 (sixty) ec~ual Y~~ S (Dollars)
includinq interest.
The~ lst payme,nt shall be ~ (Date)
T'his note may be pre at any tiine w~ t pet~alty.
H~lault be n+d~ (a 10 daY~ o+r~t ef bw i~qlMn~nt d o~inc~D+~ w~n ~ny v+n Mwrwi. ~M wMb w~ M~n r~i~wp
~wipaid w~rh mqrp~ ~AaU Aolda•~ op uon b~c and p~rab4 wiihpA no?ic~. Faibn a•¦s.eis~ 6an ~MU nw cq~~••» • w~iv~r of 1M ripM
b~i~.cu~ el~ ~anw ~n N+~ ~wnf d svbwp:»n avlt. AtKr ~wr:ry boM~ pinc~l ~nd ~cvwd in»ruf sA~ll inNns~ a~ --dV oM uwrww ON anrHw
un~M p+~d. 1M enaten ~nd ~ndaaKa ef N~~ fwtlw www d~nrd. naic~ ef eoi?Wt~~~ u+d v~oNU. If M:s is no~
p1ac~0 wiih ~n ~narwy for co~Nction. as w~d ~ndawrs Iwwl piN to Pay dl cosb ot colbction, iKlud~nq dl coi+a ~nd M~~
~t1~aMy~iMa.
I! v~y~poym~.~1 is poid nw~e thon oft~r due then. ;n odd,t~on lo sad poyment, the mWU. shall poy o UTE C Gf of S~, of My ppym~nf ~
a 55.00, wh~chevN a 1lu. Thi ision tho11 not De construed to ~nod~fy fM d~twlt prov~sian MrNr. p f/~ ~nt~nst v d~~oulf
C O P Y
and ~hall duly, prompUy and [ully perform, d~scharge, execut~, efiect, complet~, romply wttA and abide by eacb
and every the slipulations. agreements, cond~tions and covenants ot aaid prom~ssory note and of this mortsa~,
thm this mortgage and the estate hereby created ahall cease and be null and void.
r
It is unde»tood that eacn ot the wonL. "note," ~mortgagor'• and "mortgage~'• respecqvely and tbe pron. 4
ouns retercing tberet0. wbether in the singular or plural anywhere in thls mortgage. Mall be aingular ii ona oNy
and shall be plursl Joindy and sevenlly, if more than one, and ahall be meaculine, teminine and/or neuter~ ~vber.
ever the oontext ao implies or admlts.
Md sald l[ortgsgor for hlmself and his heirs, leg~l repreaentatives, auccesson and assfse~ hereby coraa.
ants ana agreea W and with said Mortgagee, hia legul representatives, successorn and assi~ns:
1. To pay W and aiagulat the principsl and interest and the var[ow and ~undry atmt ot a~onar p~yabb b~ '
virtoe of ~aW promia~ory aote. sad 4hii mortaage. each aad every. P*'omptly on the days resp~ctt~ely th~ wn~
~evenlly become due.
2. To pay W and singular the t~uces, aasesnments, levies. IIaDilitiea, obliRatlons and tncwt~brancea ot evesr
nature and klnd now on said described property, and/or that hereatter may be imposed, sutfeted. piaced, levted -
or assesecd thereupon, and/or that hereafter may be levied or as+ca~ed upon this mortgage and/or the indebted-
ness secured hereby, each and every, when due and peiyable acceMing to taw. betore they become delinquent,
' and be[oro any intereat attachea or any penulty is incurced; and in ~o far as any ther+eof is ot record the satM
' abail be prompUy satisfied and discharged of record and the onRinal ot[icial document (wch u, tor iiutaACe,
Lhe tax r~elpt or the aatistaction paper of[icfally en~iorsed or certifiedl shall be plued in the ifands of said
Mortgagee within ten d~ys next atter paymcnt: and in the event that any thereof is not w paid. s~tistied anA
discturged, said Mortgagee may at any time pay the aame or any part thereot a~ithout wairing or atteciins
any option, lfen, equity or nght under or by a•~rtu~ of th~s mortgage, and the full amount of each and everY
such payment ahall be immediately due and payable and ~hall bear inlerest [rom the date thereot until paid
at tbe nte ot ten per crnturn .per annum and togethPr v?nth such interest shall be secured by the Ilen ot t!W
raortgaae. _
3. To place and eontinuously keep on the bu~ldin~s now or heteafter aituate on aaid land flrs and wlndstorm
inaurance In Ne ~•ual standarcl policy form, in a seum not les~ than ~~d byFbt~B 18w._._. In ench eom- ~
pany or comp^ntes as may be approved by sai~l l?iort~a~oe: and alt such insurance policiee on any of sald build-
ings, anq int~rest therein or part tbereof, in the ~?~~re~;ate sum afore~asid or in excess ttureof, shall contsin th~ ~
usual standard mortRagee clauae makinR the H~~~ ur.~t~r a~~d policiee, each and every, payable to said lrtortsa•
gee as hi~ interest may appear, and each anJ eE•p:y su+•h ~x~l~cy shall be promptly delivered to and held by Wd r
Mortgagee; and, not less than ten day~ in aA~•an~e nf the expiration of each policy, to deliver to a+~ld Mort~es
a renewal thereof, toRether with a receipt for thr prrmium of rtlrh rrnewnl: and thero shall be no sucl~ insur-
ance placed on any of said buildin~, any intenst therein or part thereot, unless in the form and wlth ihe losr
payable as ~[oreaaid: +?nd in the e~ent any sum of money becomes payable under such policy or poUcies sald
1rlortqa~ee shall have the oplfon to receive and apply the ~ame on account ot the indebtedness aecured hereby or ~
to perm[t said ~tortRaRor to rereivP and us~e ft or any p~rt thereof tor other purposes writhout thenby wdvtns ~
or impairing any equity. Uen or riRht under or by virtue of thia mortga6e: and In the event ss[d Mortgagor shaU ~
for any reasoa tnil to k~ep the sai~1 prem~~cs ao fn4umA, or [sil to dellver prompUy any of said policiq oi
insurance to said MortgaRFe, or tail promplly to pay f~illy any premium therefor. or in any res~ect fs11 lo per- ~
form, dii+charRe, execute, e(fect, complete, comply ~~~th nnd abide Dv thfi oovenant, or any part hereot. aaid MoKg- ,
ager may place and pay tor such insurance or any part therent without waiving or attecttng any optior~, lien, t
equity or right under or by virtue o[ this mortRage, anJ the [uU amount of each and erery such payment ahaU ~
be immediately due and payable and ahall bear int•rest trom the date thereot until paid at ths rate of ten per
centum per annum and together with auch tnteresC sha)1 be secured by the Uen of W~ mortgage. '
To permf~ commjt or sufler no vraate, impairment or deterloratlon ot uld pmperty or any psrt thered. ~
E
6. To pay all end ainRular the ca~ta, charge~ and expen~es, Including nasonable taaryer'~ leea and co~t ot
abstracts ot tltle. lncurred or pald at any tlme by safd Mortgagee becauae and/or in the event of ths fWttr~ 4.
on the part ot the said MortgaRor to duly, pmmptly and fully peKorro, dlscharge. e=ecuta, eftect. complet~ +
comply wlth and abide by each aad ev~ry tAe stipulatlons, aRreemenU, conditfoai and oovenanb of said promis-
rory note. arM Ws mort~e. any or elther, aad swld coata. charges and expen~ea, each aad every, ahW b~ lm- ~
tnediately due and payable, whetl~er or not thera be notice. demand, attempt to collect or iuit pending• and tlM
iWl amount of each and every auch payment shall bear fnterest trom ths dat~ tbereot uatll pald at the rate ot
ten per centum per aanum: and all ~ald oo~t~. chargei and espeaNS w lncuned ~ pald,, to`sth~r ~rfth wch !n-
tereat. ~ba11 b~ ~ecured by tlis Ifen o! Ws mortgaas.
Rd0!f ~5~ PACE ~O~
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