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HomeMy WebLinkAbout0122 ~+?v~~+fi8•~ 2? ~ S.- STUART. Florida. . _ . _ _ FOR VA RECEIV th~ undersia~P~ joiMiv cevp?ally, PROMISE TO PAY to the order of_ _ ~ t3ANiC ~ - , - - - - ; - - - - - - - - . _ . - DOLIARS, ar J~sen Beac , lo~~ia__. or su ther place as the holder hereof may designate in w?i together with interest from date at the rate of 10 per centum per annum on the ,i unpaid balance until maturity. T aid principal and inte~est shall be due and le ~ In 60 (sixty) equa thly installment f$ (Dollars) ~ including interest. ~ The lst payment shall be du (Date) This note may be pre at any time w ut penalty. II def~ulr 6e m~d~ iw 1Q dayf ~n o~n++tnt of ~ey tn~tsllm~nt o1 W~nopal or ~nN o~ any pan rhenoi, fh~ whol~ sum M+en .~e+a~e~np i unpa~d w~~4 ,r.reres~ ~tiali if Rolder's opt~p~ bec due and payabl~ wi?hout not~ce. F~du•~ ~o e¦eraf~ s op~~oo sFaU ope ca/~ •~•r~ • w~iva oi the r~qAt = ro •,e.cne rAe saTe ~ M~ ev~nt oi r.bseq.,e Isvte. alre. mar~nty ppM pnnupal ~nd ucrwd ~nf~~~st s?ul r ~ere.rs~ a~ a1~ pe. c~n?~m per ann.,+n ~nr,~ p~~d. Th~ mst~.s and endorsers of tA• ore f~.~Pe. w~~w demand, not~c~ oi noe:-paymen~ and prohf~. If ~h~s ~a .w~ psia ~r Tatur~r~ ~nd th~ a~e~ is v~~c~d wnA an •rrorn~v (w coll~cnon. ~ makNS •nd endo.a~.~ Mr~of ~prN ro pay NI cwf~ of coll~ction. ~ncludmp a rt cosn ~nd reasonsbl~ atraney fea. •i~ it any pOymMt ~s Pa~d mo?e tno~ dovs o~eer d~e ~nen. ~n odd~r~on to SO~d pOY~?~lnf, fh! rrwte. J+ou poy o LATE RGE of S~o 01 the poym~nt due ~ or SS 00, Mh~;hc.er ~s less. Th .ov~sron shol~ not be ce~strued ro mod~fy Me defouh prav~s~o~s here~r or tht ~nferesf ofte? d~foulf. .j C O P Y SEAI) ~i l) »}~.+tik+~'~'k'~ ~+{«kk+,.'k'k'~3-}~}~:«.~s»h+titi.,.+ti+~.tis+}~'h~W~''nh''~fi~Dtik~k»:»:~Chhh».kti.ti•is»: :w'~-0»}s'~+ti~}<. and sha11 duly, promptly and fully pertorm, d~scharge, ex~cut~, ef[ert, complet~. ~omply w~th and abide by esch and e~•erv !he st~pulations, agreemen~s, cond~tio:~s and covenants o[ s3id ~rumi~~ory note and of thi~ mortgage. then thi~ mortRage and the estate hereby created shall cease and be null anq voi~i. ~ It is underatood that each ot the worJs. "note," "mortRagor" and "mortRegee" respeciively and the pron- ouns re[ernng thereto, whether in the singvlar ot plural anywhere in thla mortgage, shall be s~ngular 3t one oNy and ~hall be plural jointty and severally, it more than one, and sha11 be ~nx.gculine, fem~nine and/or neuter, whe~- e~er the context ao implies or admits. Md ~ald Mortgagor tor himselt and his heirs, Iegal representati~•es, succesaor~ and a~signs. hereby eoven- ants ana agree~ to and with said Mortgagee, his legal repreaentatives, successors and asslgna: 1. To pay W and aingular the principal and interest and the various and aundry sums o[ money payable b~ virtue o[ aaid pmmiasory nott, and thia mortgage~ each and every. prompUy on the days respec4vely the ~~rn~ i aeverally become due. ~ 2. To pay all and ~ingvlar the taxe~, a.ves.~ments, le~ie~, liabillties, obli~ation~ and incumbrancee of every I nature and kind now on said descnbed property, and%nr that 1~ereatter may De imposed, auffered, placed, levied ~ or assessed thereupon, and/or that hereafter mxy be lrv~ed or a~g~ssed upon this mortgage and/or the indebted- ness secured hereby, each and e~•ery, K•hen due and payable acrerrf~n~ to lew, betore they become delinquent, and before any interest attaches or any penatty ?s ~~~currrd; and ~n so far as any thereot is o[ record the sam~ I shall be prumptly satisfied end dischargrd ot record and lhe onRinal ofLcial document (auch ae, for it~tance. :he tax receipt or the satisfaction paper ofticially emiorsed or rertil~ed? shall be placed in the handa of s~d MortRagee within ten days n~xt atter payment; and in the e~~ent that any thereof is not so paid, aa[i~fied and discharged, said 111ortga~ee may at any t~me pay the same or anv part thereof v?ith~ut wai~~ng o~ atfectin~ any optiOn, lien, equi[y or nght under or b~• ~~irtu~ of Lh~s mort~aRe, and the full amount ot each and every such payment shall be immed~atPly due an~i payable and ahall bear inter~st from the date thereof until paid at ihe rate ot ten per c~nturn per annum und lo~eth~r with su~h ~nterest shall be secured by the lien oi thi~ mortgage. S. To place and continuously ke~p on thP bwldin~a now or hereafter altuate on said land flre and windstorm In~urance in the u~ual standard poli~y form, in a 4um n~t less thnn ~~d by Fbt'~da 18W..._, fn auch com- pany or. comp^zi~s as mey be appruved by ca;~l :linrt;;a~re: am1 :?11 vurh insurance policies on any of said build- ings. any intPre~t therein or part thereof, in the a~~r.•~ate sum atorPVaid or in excess th~reot, shaU contain ths usual standarct m~ri~aqee claue~ makin~ the I~,~s ur.d~r s:a~~i policies, each and every, payable to said 1liortga- gee as hie interest may appear, and Pach ar.d e~~P; su~ h p~~hcy shall be promptly dPlivered to and held by eaid Mort~agee; and, not less than ten davs in ndranre of the PxpiraGnn of each policy, to deliver to sald MortRaRee a rene~val thereof, to~ether K•ith a rece~pi f~r thP prpmi~~m ~t v~~rh r~newal: and there ~hall be no such in~ur- ance placed on any of ~aid buildln~s, any mterest th~re;n or part thereot, uNe~ in the form and with the loas payable as atoresaid: nnd in the e~•Pnt any sum of money became~ payable under such policy or policiea said Mort~a~ee shaU ha~•e the opti~.n to recei~•e and apply the sam~ on account of the indebtedness secured hereby or . to ~wrmit said Mort~a~or to rerei~•n nnd u~e it or any pRrt thercnf for other puc~o~ without thereby wa~ving or impairing an~ equity, lien or ri~ht undcr or by rlrtue ot ltiis mortgaRe: and in the e~er?t said Mortgagor ~hall for any rrt~so~ fa~l to kePp the Sditi ~~"it114~S sn in~ur~d. ~r fail to deliver promptly anf ot said policie~ ot insurancP to sa~d Dtort,~aR~e, or fs~il prompUy to p~v (nlly any premium therefor, or in any respect fatl lo per- form. d~scharRe, execute, ef[ect, complete, comply ~.~th and abide bp thia covenent, or an~ part hereof, said Mortg- aReP may place and pav fnr such inaurence or anv part therenf ~vithnut waiving or atfectinR any op[ion, li~n, equity or n~ht under or b~ ~•irtue ot this mortRaRe, an~f the full :?mount of each and every auch payment shall be immediately due anA pa~•able nnd shaU bear intorest from the date ther~ot untfl paid at the ratt ot ten per centum per annum and together with 9uch fnterest shall be aecurtd by the Uen ot this mortgaqe. 4. To permlt, commit or ~~ffer no a•aste, impairment or deteHorstion ot eald property or any part thereot. 6. To pay aU and ain~ular the co+ts, charRes and expenses, including reesonable lawyer's fees and coet o! abatracte of title, fncurred or paid at any tlme by safd btortgnRee becauee andior tn the event ot the fallurs on the part oi the said MortRaRor to duly, promptly end fully perforn~, dlscharge, esecute, etfect, complets. comply with and abfde by each and evpry the sttpulation~, agreements, conditlons and covenante of asid promlr sory note, end UI~ mortRa~e, any or either, and enld costs. chsrge~ and expenses. each and avery, shall bs Im- mediately due and payable, whether or not there be nottce, demand, attempt to collect or sWt pending; and th~ iWl amount ot each and every auch payment shall bear intereat irom the date thereot unW pafd at the nte oi ten per centum per annum; and all eafd costs, charge~ and expense~ ~o lncun+ed or pd~ together wlth ~uch !a- terest, ~ha11 bs secured by the Ilen of thle mortgage. R(:~:f ~6Q f'A(:r