HomeMy WebLinkAbout0316 ~ I I I f/ I'? ? I I I I I~~ I I I/ I/ I~ I I I I I I I I 1? I I I I I I I I I i I I I i I? ? i I i~~ ~i i~ ~ I~~ I~ I I I~ I I I~ I~ a?
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; FOR VALUE RECEiVED, th• unde~signed, iointlr a~d sev~raliy, PROMISE t0 PAY to the order of
~ "ii~;~1' VA7'1Cr`T ~ ~ ~ ~-T,•--, , .;1'UA:...~
,i~, . IK A~1. t'i~~,~~. C-CI~~"}:'A;VY C?. , , .
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teen Thou~~.nd L`o~lar~ ar~~i no/1OQ.
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.~r P._G...L~rauc~r._231F~, .~tuart, F'loriaa ; 3~~~. o~ such ofher place as 1he holde~ L
herwof mar d~si,~ af~ Ie writinp toyether with interes? from ~y~-~s 1:)7'-~ ~
at tha rat~ of p~r c~Mum p~r aonum on 1he uopaid balanc~ until maturiry. The said principal and intt~rest shall \
be du• and payabl• as follows: ~
:'1~7,72 per month, the rirst payment beiny d~~e one month from ,i~te her~;o` ~~..~:I ti
`o contin«e each and every month thereafter un}il f?:lly pzi~.~. Z~hi:~ :~.lr~: of .~'1^•~i.
~;~t~l each nionth, ~hall firr-t be creclite~l to iniei•e~t an~i the rem~.ir~~ier to t?1~~ ;-,,~;r;>>~,~~1 ti
, : thi:.; ob1i~~~.tion. ~
. ~'hi.~ note may be pr~pat,1 :it an~ tim:e the n~akers de~;ire ~itl:out pen~~tty, ~
tf d~(suh ~ad~ /er 1~ dar~ :w ~M pa~+~n1 oi awy insf~llnwnl of p~iatipa) e? ;w?~»s? o~ any pas! 16~noi, ~b~ .vhok sum ~Mn rem~:win i`
unpaid with inl~r~~l sAall a11wW~is ~pfion b~com~ du~ ~nd p~yabl~ WilAOY1 If011Cr. IJiIYf~ to •:~rcis~ •~cb op~ion a6~11 eel com~~~u~~ ~,raiver o! /h~ ~
~iyAt 1~ •s~reiw tM s~wN iw fM ~v~M ef tub+~qwnl d~lault. Af~~~ wutvritr iotA prineipal ~wd aeawd inf~r~s~ ~hail b~ar iw~~r~tie af per c~n~~m ~
per aw~u~n uati) p~id. TM rwak~n ~~d ~edon~n oE tbis nob /u~tb~r waive demand, no~i~• ol eowpaynNn~ and Prel~at. IF 16is no~e ~s no~ paid a~
mat~rify ~nd N~~ a~wN iy pl~c~r vritA an attore~r iw coll~ct:oe, 1M wuk~rf +nd •ndo~sart h~reof ~yr~~ fo pay all coa~a of coll~choe, inciud~~o •11 couA
co~rt awd na~ewabb aN~ra~r h~~.
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Attesr (SEAL) ~
in~ebor~i tro~F:~ .
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and shap duty, promptly and fully perform, d~~chsrge, executr, effect, complete, ~ompiy wi[h and sbide by each
and e~•ery the st~puisuon~, agreements, condit~ons and covenants of svA prom,saory note and ot thia mortgage,
then ttus mnrtgage and the eatate hereby created shall cease and be nWl ano void.
It ~s understoai that each of the worda. "note." "mortgagor'• and "mortgagee" re9pectively and the pron-
oun~ refernng thereto, whethe~ in the singular or plura! anywhere !n thts mortgage, ehall be aingular )t one only
and ~hall be plural jointly and severally, ii more than one, artd ~hall be maaculine, fem~nine and/or neuter, wher-
ever the context ao impliea or admita.
And aaid Mortgagor tor Tymselt and his heirs, legal representative~, ~ucceawre and ss+igns. hereby covea-
ant~ ana agrees to and witt~ aaid Mortgagee. his legal repreaentative~, successors and as~~gns:
2. To pay W and singular the principal and intercat and. the variow and sandry suma ot money psyable b~
virtue of ~d prorrussory note. and thia mortgage. each and every, pmmptty on the days reapectively the aam~
aeverally become due.
2. To pay all and singvlar the txxta, asaessments. leviea, liabilities, oble~ations and fncumbrances of eveq
nature and kind now on 9aid de~cribed property, and!or that hereafter may be impwed, suftered, placed, leviM
or assessed thereupon, and/or that hereafter may be levied or asspssed upon this mortgage and:or the indebted-
ness secured hereby, each and every, when due and payable according to law, be[ore they become delinquent,
end before any intere~t attache~ or any penalty 4v ~~icurred; and In so far a~ any thereot ia o[ record the aame
shall be pr~mptly satisfied and discharged ot recorA nnd the on~;ina! otflcial document (such a~, for instance,
:he tax receipt or the satia[act~on paper of[icially en~iorsed or certitied~ shsll be placed In the hsnds ot said
Mortgagee w~thin ten daya next atter payment: and in the event that any thereof is not so paid, satisffed aad
discharged, said ]?iortgagee may at any time pay the same or any part trereot wKthout wai~~3ng or atfecting
any opti0n. lien, equ~ty or rlght under or by .•1rtuP o[ this mortgage, and the ful! amount ot each and every
such payment ~hall be immediately due and payable and shall bear inter~st from the dete thereot until paid -
at the rate of ten per centurn per annum and together v?nth such interest ahall be aecured by the litn of thi~
mortgage.
8. To place and continuously kcep on the bu~ldin~a now or hereafter aituate on said land tlre and windstorm
in~urance tn the u.aual standard policy lorm, in a sum not less than :~-5~ . !n auch com-
pany or comp^nics an may be approved Dy sai~i biort~a~c•e: an~1 nll such inaucance ~liciea ort any ot said build-
ing~, any interest therein or part thereot, in the a~~re~ate aum atoresa~d or in exce~s thereo[, ahsU coniain ths -
usual standard mort~agee clause makmR the lu~.y ur.d~r srtid poLciea, ea~h and every, ~ayable to said Mortgar
gee as hia interest may appear, and each and e~•P: su~ h pol~cy shall be promptly delivered to and held by said
]?(ortgagee; and, not les~ than ten day~ in ad~•an~e of the expiration of each policy, to deliver to said 1~tortgaRee
a rene~?•al thereof, toRether v~ith a receipt f~r thP prrmi:~m nf a~erh r~newnl: and thrre ahall be no such insur-
ance placed on any of sald buildinRs. any ~ntereat therein or part thereot, uNev in th~ form and with the loea
payable as a[oresaid: and in tAe e~•ent any aum o[ money becomea payable under auch pollcy or policies eaid
Mort~aqee shall have the option to receive and apply the +ame on account ot the indebtedness aecured Dereby or •
to permit said MortRagor to re~eive and uee it or any pnrt thereot for other purposea arithout thereby waivfng
or impairing any e~uity, lien or riRht under or by viriue of ihi~ mortgage: and !n q?e event said Mortgsgor ahell
tor any reason tail to keep the said premi~es se insur~d, or fail to dellver prompUy any ot said policies ot
inaurance to sa~d riortga~ee, or fail promptly to pay fntly any premium therefor, or in any respeci taf! to per-
torm, descharge, execute, effect, complete, comply w~th and abide by this covenant, or any part hereof, sald Mortg-
agee may place and pay for s~uh inaurance or any part thereot without waiving or attecting any option, tirn.
equity or right under or by virtue of thia mortgage, and the tull amount of egch and every auch payment shaU
be Immediately due and payable and shap bear int~rest irom the date thereot untU pa3d at the rate ot ten per
centum per an~um nnd together with auch tnterest sbatt be secured Dy the lien ot thle mortgage.
4. To perml~ commlt or euffer no waste, impairment or deterionUon ot aatd property or any part thereof.
abet acts otatjtle, n~cuarred
lorr ald at ancht
me,b sald~Ia(o~rt' including reaionable lawyer'~ fee~ ead caet ot
on the p ~ y g~~ ~d/or !n the event ot the fallurs
part ot the safd Mortgagor to duly~ promptly and Nlly peKorno. dLcharge, e~[ecute, eKect~ ~omplete.
comply wfN and abide by each and every the stlpulaqons, agreementa, conditloni and covenanb ot said promfs-
soty note, and this mortgage, any or elther, and eaid cwta, charges and espennea, each and every, ihall ba Im•
mMlately due and payable. whether or not there be notice, demand. ~ttempt to collect or aWt pending: arM W~
hil] amount ot each and every such payment ~hall besr tnterest !rom the dat~ thareo! until patd at the nte at
tea psr centum per annum• and all ~atd co~L. chargq utd ~pea~e~ w lacurnd os paid. W~etMr witb suc~ fa-
c~resc, .a.u b..~~e ay ihe u~ or w. ~onga`..
sooK 281 P~E 315
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