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HomeMy WebLinkAbout0850 ~••24-•~•~~ Stua~t, Florid~. May 12 . . 1978 '!~a wlw natiwd, I, vw~ or tithN of us iointly ~~d s~vtrally promiu b p~y in lawful mo~ey of fM U~ited St~t~s of AnNric~ to fh~ ord~r of FIRST NATIONA! BANK ANO TRUST COMPANY OF STUART at iti offic~ in ihis tity ih~ principal wm o~f ~IlX_P~I~.1~~SAIdO.N~.IVQ~IQQ. -...-.M._.~-.:..~........-----•--'--=---.._...._.. ...Dollars ~.o.~A.. w+tA Nw««~ f.a~ d.» N 1A..N. o~ 8''ps.. o.e+we pp .Mwe ew +1~. ww.id b.+.~o. w~tll p~id. a.+d wincip~l «+d in?..... ro b. ar.w. ~ ~,.,.~~«N. ~ 11~ro H~uidred lhirty Nine $ 87/100 - - n..239.87..... ~ uK 1~dt~w +m.r..r, en M. - 16th . r,,, .~t s.o~ ~ 16th ~ .J~ . _ . _ . .7..$ . M+d oomiewtp en N» 16~'1 d~Y of ~aeA ~d ~vNr mon~h ?Iwa~ha w+81 t!» 16~1 Q~y of ~ ~i ~3 . oe wNcl~ wd d~N ~M «N~n b~l«~a ol p~inc~w~ ~nd M+Ne~a ~M+? ~w+pa~d ~M~~ eecon~e dw «~d wr~bN. E~ p~w~+~ a ro b~ ~ppl»e finl re i~~~ M+A tM b~1Ma a priwcipd. M c~w ~wd insaltw~M. w any ef tM~+, w~ ~et p~id within I S d~ys ~iNr ~h~ 1wto~ dw. th~ ,,,,I,ow e~ ~.tr a+ne~oM .nd inu.p~ •uw~ ~h.N ientwiM b.eaw. dr. .nd v~r+bN t!r option e1 d» Iwlda of eAa noN. W~. tlw ~k~n. surNiN. Mdor~en Md qwr~mon oi ~ha no». hM~by ~eve~~lly w«w P~esa+~n~nt /a Mvr~?, no~ic~ o/ ^a+-p~Yn~n~. MoN~~ ~nd wMiw oi p?oM~r, ~nd d~tq~we~ 01 bri^Oi~+O wit p~inat ~e~r W?h~ ~Me+b. ~nd eon~? tlw~ r:ny of p~yw»et ~n~y b~ ~.eend~d w,eAou~ none~ dw~o~ ro ~n~r ef ~!r ~urNiN e/ thi~ n~. Now. alwrld N 6~ n~a~y w co1Mu thia ~oN tMouph ~n ~norn~y. ~scA ef w. wMtha ~k~.. wnqr a endo?~ o~ tlrw na~. Aa~bp ~4~ b P~Y all aati of uid ooiMefo~. fedu~dM~ ~~t~wn~ N~ornh/~ f~r. S~id Mnk M Iw~by ~ap~uh ~ulhoti~d b eN~in ~nr ~nad w~p~cwt d~po~~L coN~wrd. .~~1 w penon~l ucw~tr. or the P.oc~ ~M.eo1, b~bnp- :nq a~irAe. of w. ~ow w Mnda~ in ~M pwNas~ow of it durinp eh~ f~ew~ ~Aa ror~ r~,;~s u~w~d. u+d b~1at a~far nwtw~ry Mrwf n~~y app~y ~M s.~ a Mw w a+y edw d~b~ w 1i.b1,n~ o~ •MM. of u~ a~aid b~e~k. dw u ro beon~ du~. G~wn ~ndN ~M Mnd ~nd K~1 0l e~cl~ p~r?y. P.O f ~~~'!''.,.~j~..~~1) ~ Walter T. Tiihonen. ~ No D~e ~ ~ /J. 1 _ ~J~1-~7 ~ ' • ~..~„c_ (S~al) . Hele~ M. Tiihonen and s6aU duly, promptly and fully perform. discharge. executt. effect, complete. comply with and abide by each and every the stipulatans. agreements. conditions and covenants of uid promissory notr and of this mortgagt. then ihis mortgage and tht estate hereb}• created shall cease and be null and void. : It is uadentood that each of the words. "note; '"mortgagor" and "mongagce" respectivety and the pronouns reierrin~ thereto, wh~ther in the singular or plural anywhrre in this mortgage. shall be singular i[ one only and shal! be plural jointly and uverallq. if more than one, and shall be masculine, feminine and/or neute~. wherever the context so implies or admits. And said D~ortgagor tor himself and his heirs. lega! re~reuntatives. successon and assi~?s. hereby covenants and agrees to and with said I~lortgagee. his legal representatives. successors and assigns: . 1_ To pa~• a!! and singular tht principa! and interest and thr various and sundry sums of money payable by virtue of said promissory note. and this mortgage, each and every. promptly on the days respectivcly th~ same severally become due. 2. To pay all and singulu the taxcs, assessments. Irvies. liabilitics. obligations and incumbrances of every nature and kind now on said dexribed property. and/or that hercafter may be imposed. suffered~ plac~d. levird ar asseued thertupon, and/or Ihat hereafter may be levied or asseued upon this mortgage and/or the indebtedness secured hereby. each and every. when due and payable according to law, before•they become delinquent, and before any interest attaches or any penalty is incurred; and in so far as any thereof is of record the same shall be promptly satisficd and d"ucharged of record and the original official document (such as~ for instance. the tax receipt or the satisfaction paper of6cially endorsed or certifitd) sha!( ' be placed in the hands of said 1lfortgagee within ten days next aftcr payment: and in ihc evenC that arty thertof is not so paid~ satufied ar?d d"escharged. said Mortg~gee may at any time pay the same or any part thcrcot without waivina or affecting any option, lien, equity or right uoder or by virtue of this mortgage~ and the full amount of each and every. such payment shall be immediately due and payable and shall beu intrrat from the datc thereoF until paid at thc rate of ten per centum per annum and together witK such interest shall be s~cured by the licn of this rnortgage.. 3. To place and continuously ktep on the buildings now or hereafter situate on said land firc and windstorm insurance in the usual standard poliey form, in a sum not Iess thar~ the highest insurablc value. in such company or companies as may be approved 6y said I?lortgagee; and all such insurance policies on any of said buildings, any interest therein or part thereof. in the aggrcgate sum aforesaid or in cxccss thercof~ shall contain the usual standard mortgaqee clausc making the loss under said policies. each and every, payabte to said Mortgagee as his interest may appcar, and each and every such policy shall be promptly delivercd to and held by said 1lfortgagee; and, not Iess than ten days in advance of the expiration of each policy. to dcliver to said Afortgagee a renewal thereof. together with a receipt for the prcttsium of such rcnewal: and there shall be no such insurance placed on any of uid buildings, any interest therein or part thereof. unlcu in the form and with the loss payabte u afor~said; and in the event any sum of money becomes payable under such policy or policies said Mortgagee shall have the option to receive and apply the samt on account of the indebtedn~u secured hereby or to permit said Mortgagor to recei~•e and.use it or any part thcreof for other purposes without thereby waiving ar impairing any equity. lien or right under or by virtue of this mortgage; and in the event said 1ltortgagor shal[ for any reason faii io keep the said prcmises so insured, or fail to detiver promptly any of said policies of insurance to uid Mortgagce. or tail promptly to pay fully any pnmium there- ~ for, or in any ~espect fail to perform. dixharge. execute. effect. complete, comply with and abide by this covenant~ or any part henof. said Mortgagee may place and pay for such insurance or any pan thereof without waiving or atfecting any option, lien. equity or right under or by vinue of this mortgage, and the fuli arnount of each and every such payment shall be immediately due and payable and shall bear intertst from the date thereof until paid al the rate of ten per centum pet annum s and together with such interest shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no wute. impairment or deterioration of said property or any part thercof. 5. To pay ali and singular the costs. chuges and eapenses. including reasonable lawyer•s Eecs znd cost of abstracts of title, incurrcd or paid at any time by said Mortgagee because and/or in the event of the failure on the put of the said Mortgagor to duly, promptly and fully perform. discharge~ execute, effect, complete. comply with and abide by each and every the stipulations, agrcements. conditions and covenants of uid promissory note, and this mortgage. any or either, and said costs. charges and expenses~ each and every. shall be immediately due and payable, whether or not there be notice. demand. attempt to colleM or wit pending; and the full amount of each and every such payment shatl bear interest from the date thereof untJ paid at the rate of ten per centum per annum: and aU said costa, charges and espenses so incurred or paid, together with such interest, shaU be secured by the licn ot this mortgage. ~0~?287 PA~ 84?