HomeMy WebLinkAbout0560 • .
~ravided ~lwttya. tl~at if sai~ .Alort~u~or skall pay :c~rto the suic~ Jliort~agee
the certain pronzissury note, uJ' tc%acJa t/ee j'ull~,rai~r~ i~c wurcls und J~¢ures ts a tr~ce cupy,
to wit:
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s ~iO ~ OOO.OO STUART. Fbrida, - Au$u8t i~~,
FOR VAIUE RECEIVEO, ti~. w~d.npn~d, joimly ~nd wvK•Ny. PROM{SE TO PAY to tM ord~r of
OOLLARS,
st o~ wch otiwr ptw as tM holdw
h«wf m~y d~sipat~ in wriYap, t wit i~t~rKt from r~t~ of pntum pM mtm on th~
unpaid b~lant~ until afatu~ity.
Th~ !id pti11C1pi1 ~nd iMMrt t~ dw wv 01' baf ebtuex'y 3~. 197 9,
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11 ~~fault W mW~ fo~ dtyt In th~ payment of any lrtstallm~nt of D?lnclOa! o~ Int~rKt or anY psrt th~rwf, th~ whole sum thsn rem~ining
unpaitl wifA int~r~st shall at hddN's oDtlo~ b~co~M du~ u?0 pay~bl~ without ~otlp. Fsllw~ to ~x~rcls~ iucA option snail not tonsti t~ a waiver of tAe
ripht to ~xMt(f~ tM f~rtN In th~ ~vMt Of tudf~qWAt tl~f~ylf, Ah~r matwlty Qoth prlnclDal and aCUwO Int~r~st st?a11 p~s~ i~ter~st at~per c~ntum pN
annum untN pald. TM mak~rf ~n0 Md0?Nn o1 t~lf ~Ot~ furth~r w v~ Wm~nA, notlq ot no~~piyment antl t~tt. If thls not~ Is not D~itl at maturlty ;
antl th~ fam~ Is p1acW wltA ~n attorn~y for co~IKtlon, t1~~ m~k~rs nt/ 4pr6lif hMW/ ~y~ !O p~ I! osts toll ti , including all court costs and '
reawn~pb attoro~y tMS. ~ `/n\~Q.~~.. ~ • r~~s. ~
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and shall perjo~nt, conaplJ u•itlr a~id abicle bJ eaclx a~td er;ery the stipulations,
agreements, conditions ctnd covenants of said prrmissory note and of this deed, then
this-deed and tlce estate herehy created shall eease and be null and void. ~
.~tld the sciid .hfortga,~or hereby eovenants c~nd a~srees:
.1. To pay a11 and sin~rutar the prin.cipal and interest and otlLPr sums oj rnoney
payabte hy uirtue oj .rai~l pr~miss~rJ not~ a~rd t/ris de~cl. or ei.tlt.er, prnntptlJ ~~n the
da~s respectively the sanie seilerally eonte due.
To pay all and singular the taxes, assessm.ents, lez~ies, liabilitres, ~,bl.igations
an.d encu~rtbrances oj ever~ nature on said dPSCribed propertJ ea~h ancl every, and
if tJae sccme be not promptly paid the scr,id .111ort~a.~ee mcty at any time pay the same _
without wa.iving or affecting the option to foreclose or any right hereu~ader, and every
pcLym.ent 8o ntad.e shall bear interest frorrt the date thereof at the racte .of 9
per cent. per ctnnu~rt.
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?'o pay a1l and sin~ular tht costs, ehargPS a~ul expenses, includin~ lawyer's #
fees, reasona,bly incurred or pcaid at ctny time by said .hfortga~ee beearese of the fdilure
on the part of the said ,~ortgagor to perform, comply urith and abide by each and ~
every the stipulations, ct~reementS, condition8 drtd covenants of said promtssory note -
and this dee~, or either, and every such parJment shall bear interest ~'rorrc date ctt the ~
ra,te of per cent. per ctnnurn. ~
_ To keep the bu.ilding now or hereajter on. saic! land insured in a sum not ' ~
lessthan highest insurable value '
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in a company or companies to ~
be apprnaed by sa.id .Mortgctgee, and ~he policy or policies held by and paya,ble to said ~
.~ort~a~ee, and in the event any su~n of »wnpy becomes payable under such policy or ~
policies, the .hfortgcagee shr~ll have the option to receive and upply the scime on account ;
of the indebtedness hereby secured or to pernait the Mort~agor to receive dnd use it, or '
any pa~rt thereof, for other purposes, wi`hout thereby waiving or impairin~ any equity
lien or right under or by virtue of this ~nort~'age, and may place dnd ~y for such
inauranee or ctny part thereof, without waiving or ctfJ`'ectin~' the option to foreelose or
any ri~ht hereunder, and each and every auch pa,~ment shall bear interest frnrrc da~te
at the rr~te of 9 per cent. p~r annusn. ;
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