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HomeMy WebLinkAbout0230 t: ~ ~ , 3..._.__. - STUART. Fiorida, - 1 i FOR VAL RE I ~ndersian..~ jointiv ~•~1 aev~•ally, PROMISE TO PAY to the order of.._..._. . ` . . -~-•--•----DOIURS, i. a~ Jensen Beach, loS~'k3_......_.___.._~ --.--.._or :uc r place as the holder hereof may designate in writ~ together with interest from date at the rate of 1Q_._ r ceMUm per annum on th~ unpaid bala~ce until maturlty. T id p~incipal and interest shall be due snd p e In 60 (sixty) egaa y installment $ (Dollars) i r including interest. The lst payment shall be due (Date) This note may be prep ' at any tiioe t per~lty. ' H de/w1~ be (a 1 ~ d~w ~n tr~+M~ of +~W ~mt~lln~~n1 d w~neip~l a c~ or ~M vH? d~ewf. M~ wAoN swe M~n ~t~ai~~n0 ~id w~~h .nIM~~~ sMl~ a1 holda's optwn Mc a~d p+Y~ wi~houl nWrc~. fa~lu» ~o •¦aaw s oW~on J~afl no~ ~•N a wa~vN o( ~M ~iOAt b~a«u~~ 1M H~ ~M ewM of fubip.renr ivlt. Afrer m.n,.~+~r eee+ w~~c~w~ ~nd ~cvwd ~nlN~sf ah~l ~ irNt~sf ~t pw t~nfun~ pM anw~n „nh1 ' 1M wukr.s ~nd endon~n of M~ • fwthK w~iw dM~+~d. nolit~ oi ~wn-p~y+n~n1 srd prant. 1{ th~f •;a na p~ie a nuNnryr and N» ~+iM is w~M an a?wrnefl ~a cdNC?ion. ~ ~nd ~nda~wa Mrw1 prM b PaY atl cosb of colNct~oe. includ~np • can ~nd r~aubM itlarn~Y ha. tf onY~po rmMt ~s P~d mor~ thon dWs otter due then. w+ odd~rwn to w~d DaYment. the moke~ shotl poy o tATE RGE of 596 of t!~ paym~nf due a SS.00, ~rhKhl+~H n less. Thi ~s~«? shoH not be ca+stn,ed to modily the defoult prov~s~aa he~~er, a tl+~ rt?tKest ottw d~touk. - C O P Y SEAL) . U and shall duly. prompUy a~d fully pertorm, d~acharge, execut~, eftect, completo, romply w~th and abida by eaeh and everv the stipulations, agr~ments, cond~tion~ and covenanta ot said prumissory note and of thia Atortga`s, then this mortgage and the eatate hereby created shall cease and De nul! ana ~o~d. It ii understood thst each ot the worJs. "note: '"mortqagoY' and "mortRagee" respecUvely and tl~a pe~oa- owis reterring theret0. M?hether in the aingular or plural anywhere in lhfa mortgage, ahall be sit?gulas !t one ody and ahall be plural iointly and severally, it more than one, end ahaU be mascutine, feminine and/or neuter. whee~ ever the context ao implies or admlts. ' And sald ][ortgagor tor himself a~nd hia hein, legsl repreaentative~, auccw~ors and assig~u, herebr oovea- ant~ ana ~gred W aad with said Mortgagee, his IegN repreaentative~, succeswrs and assigas: 1. To pay al1 aad ~Ingular the principal and intereat and the variow and sundry sum~ of money p~yable b~ vlrtue of ~aid promiswry aots, wd thls mortgage. each and every, prompUy on the dayi rdpectlvely _th~ aan~ severally becoma due. . ' 2. To pay all and aingular the caxes, esees•meats. leviea, liabilitiea, obliRations and Incumbrances of ever~ nature and kind now on said descnbed property, and!or that hereafter may be impoxd. ~utfered. placed, levled or asseased thereupon, andlor that heceafter may be Irv~ed or es.vess~M upon this mortgaRe and/or the indebted- I nea~ secured hereby. each and every, when due and payable ar~~erAing to law, betore they become delinquen~ and before any interest atiaches or any penxlly is incurrrd; and in so far a~ eny thereof i~ o[ record the sam~ ~ shall be promptly satis[ied and discharged o[ record s?nd the onRinal o[t~cial document lsuch as. tor instance. i :he tax ncelpt or Lhe satis[action paper ofticlaUy emiorsed or certitiedl ~hnll be plued !n the hands ot ssid ~ Mortgagee within ten day~ next ~fter payment; and in lhe event ihat any thereot is not ,o ~~a, a.c~r~~a a~a diachsrged, aaid Mortga~ee may at any time pay the same or any part thereot vrithout walving or atfectins any option. lien, equity or r~ght under or by ~~~rtuP ot this mort~age, and the full amount of each and every such payment ahalt be immediately due and ~+aynbte and ahail bear interest from the date thereof until paid at the raie ot ten per cpnturn per annum and tngether wfth such intercst ahall be secured by the Uea of thii mortgage. S. To place and continuously kePp on the bu~ldin~a now or hereafter situate on eaiA land tire and wtndstorm insurance in the usual standarA policy fnrm, in s sum not les~ than ~~d ~~~g 18w.._., tn sueh eotn- pany or comp^nics as may be a}~proved by ~as~l M~rtfia~~•e: an~i all such insurance policies on aay of asid bul{d- ings, any intercst therein or part thereof, in the aF~rr~ate aum aforPSaid or in excess thereot, shall contafn th~ usual atandard mort~age~ clause makinR the In~s ur.dre s3~d policie~, each and every, psyable to said l~Iortga- gee as his i~terest may appear, and each ar.d e~•ery su~ h~xTl~cy shall be promptly dellvered to and held by sald I~fortgagee; and, not less than ten day~ in adran~e nf the eapirxti~n of each policy, to dellver to aafd Mort{tages a tene~val tl~ereof, toqether w•ith a receipt f~r thP prPmium .uob rrnewal: and there shdl be no such inaur- ance placed on any ot cxid DuildinR~, any ~nterest therein or part thereof, unleas in the form snd wfth the los~ payable as a[oreaaid: and in the e~Pnt any aum ot money becomes payabte undrr auch poliry or policies ssid MortRaRee ahall hnve the option to rece3ve and apply the ~ame en account of the indebtedness secured hereby or to permit sa;d Mort~a~or to receivP nnd uee it or any pnrt thercot tor other purposes without thereby M?dvlni - or impairing any equity, lien or rt~ht under or by virtue of thi~ mortgage: and in the event satd Mortgagor shall for any reaso~ fail to keep the saiA prem?~rs ~n fn9urrd, or fail to dellver prnmpUy an} of said policies o! insuranc~ to sald 1ltortgaR~e, or fail promplly to p~y t~illy any premium therefor. or ia aay respect taU to per- form, dilcharRe, eaecute, etfect, complete, comply ~.~th and abide bv this covensnt, or any part hereot. said Mortg- , aqep may place and pay [or such inaurance or any part th~rent withnut w~ivin~ or at[ectlng any opUon, lien. equity or right under or by virtue of this mortRage, and th~ tull amount ot each and evtry ~ueh payment shall be fmmediately due and pa}•able and ahall bear intPrest from the date therewt untp paid st the nte of ten per centiun per annum and togethPr wlth ~urh Interest ahall be eecured by the llen of this mort$age. 4. To permft, commlt or aufter no a•a~te, impairment or deterioraUon o[ sald property or any psrt tlierw!•, 6. To psy all and alnRular the co~te, chargea and expenxs, including na~onable tav?ryee'~ fees and cost ot abstrscts ot title. Incuned or pafd at any tfine by said Mortgagee because and/or In the svent of the tallur~ on the pact ot the asid MortgaRor to duly, pmmptly and Nlly peKorro, dlicharge, e~ecute. effect, completq comply with and abide by each and evpry the ~tfpulations, agreemenU, condiUon~ and covenant~ of said promis- wry note. and tJds mortgage. any or elther, and anld co~4, crarges and espenses. u?cf~ aad every. ~haU bs fm- mediately due and psyable. whether or not there be notice, dcmand, attempt to colkct or avlt pending• and th~ fWi amount of each and every such payment ahall bear tnterest irom ths dst~ thereo! uaW -psld at the rate ot ten per centum per ~nnum; and ell eald costs, cAarges and acpen~e~ ~o lncurred or Pda. WBether w~fth wch 1n- terqt~ ~1uU be aecured by ths Ilen of Ws mortgage. ~ R'nR 25~ PA~~ z~