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Home My WebLink About0938 , i~ ~ STUART, Florida, _ r FOR VAt~~~al~ ~O- _r---------------- 19--~8- E~, the u~deraigned, jointly s~d sswrally, PROMISE TO PAY to the order ' ~g--~r--~d--awd--~~~~------.._..._________________-__-------_.----------------------.______ - ~ • «.~..---DOLlARS, at -------•---------•------------------------or such other place as the holder hereof may designate in w?iting, together with interest from dafe at the rate of ~p~.__.____ per centum per annum on the unpaid balante until maturiy, The seid principa) and interest shall be due and payable t~ iOllOws: =a80.00~ inaluding int~r~+rt~ oas ~rvatb iran date hereoi, and ;Z60.00~ inaluding iat~re~t, eacti aionth thereaitsr until the prinaipal ~um h~?a b~aa pwid in iull. Bsah aoAtbly paya~eat sliall bs iirot spplisd to int~reot aad tbs balunae then sppliad to prinaipal, Thio note may be pr•Daid Rt ouah timor and in ~uab ~uats a~r maker~ d~sire without pen+tlty. ti d~iwh b~ B+ad~ fw d~ri in tM pay~wnt of anY inabNm~nr of pintip~l a L+Nntt w~n/ Pw~ Merwf, tM wlwN swe tlwn r«naininp u~id wi~A iaans~ sMlt at ion b~con» dw and P+Ya~ wiNaA eofic~. Failw~ to ~a~rcis~ wch b IaNCiN ~i» ~anr in 1M ~v~M oi s~~rt dei«.N. Ahe? mstwNY boM o?indW~ and +cawd intwat sA~U ~ inM~st~f com~iwM • w~~wr of Hw riqAt un~til p~id. TM makt+~ and ~ndort~rs of thi~ no1~ furtM~ w~iv~ dMn+nd. nofip of 1 M? untwp W? arriwn pNC~d wiM ~n afbr~y 1or cdMtfipy 11~ n~r~ ~~pry~ ~ ~O^'aY~~^t ~nd pohst. If M1s nob is nol Wld twiN ~nd IM san~ ia ~ 1~ PaY dl cosq of ~oN~t~, ~ ~t! caxt toab ~nd rwtpewble ~nor~?ey f~es. If omr~poymen f is poid mor~ fhcn 10 days oRN dw tMn. ;n odd;tion fo soid poyma~f, the mok~r sholl puy o I.ATE CHARGE oi S% of th~ poyn~nt dw w SS.00, whichrver is lesa. This Provision sholl nof b~ constn+sd to nadity tM d~fa~M provisions he~ein w tM ~nter~st dw ofte~ deiault. /s/ Gerald Yay - COPY ---~_(SEAI) ~ -----1~ --~~3t---~-~-~Y--•---•----------------------- tSEAI) ' : _ and shall duly. PrompUy and fully perforn~. discharge. execut~. eftect. complet~. romply w~tl~ and abids by eaeh , and everv the stiputations. agreementa, conditions and covenanta of s+sid promissory note ~nd of Wa mortaap. then Ws mortgage and tbs eatate hereby created ahall cease and be nuq anu vo~d. - ' It ts undentood that escb ot the wonls, "note." "mortgagoY' and "mortgagee•' reapectlvely and the pron- ouna referring thereto. w6ether in fhe singular or plural snywhere in thls mortgage. shall be singulu it one only and shall be plwal iointly wd severally. if more than one. and ahall be masculine, feminine and/or neuter. whet~ ever the_ oontext ao implia or admita. And s~ld ]~ortgagor !or l~imself and hts heirs, legsl npresentatlvea. auccenson and aesiga~. hereby ooven- ants ana agreea W~nd with ~aid Yartgagee. his Iegal representa4ves, successors and saoigna: 1. 1b pay all snd stagulsr tt~e principa] and intereit and tbe vsrious and ~undry iums ot money p~yable b~ - vlrtue oi said promiswry note, and thia mortgsge. each and every. Promptly on the days respecttvely tbe ~ ~everally becpma due. ; Y. To pay all and singular the t~uces, asseasments. levies, tiabllitles, obUgations ared lncnmbrances oi ever~ nature and klnd now on said described properly, and/or thst hereafter may be impoeed~ sutiered. plaixd~ levied or aasnsed thereu aix pon, and/or that hereatter may be levied or asaessM upon this mortgag~e and/or the Indebted- = ness secured hersDy. each and every. wben due and {?ayable according to lsw, be[ore they bccoms delinqua?~ ' and beton any intereat attachea or any penxtty Lv incurred; and in so far as any thereot ia oi ncord the aame i ahall be promptly aatiafied and discharged ot record and the original ~ftic3al document (such as, lor instance. ~ the tax receipt or the satisfaction paper ofticially endorsed or certifiedl ahall be piued tn the hands ot aaid _ ; ~ Mortgagee withln ten days next after payment; and In the event that any tttereof ia aot so patd. satistied and dfacharged, asid Mortgagee may at any time pay the aame or anq part thereot wiWout wsiving or affecUns , iny OptiDA. uen, equity or rfght under or by ~irtue of this mortgage. and the full amounE of eacK end every such payment abatl be immediately due and psyable and ~hall bear inlerest trom the data theteo! until paid at the rate of ten per centurn per annum and together wiih such interesf shall be secured by the lien of thL ; aiortgage. ~ S. To plaoe aad continuowly keep on the buildin~s nov? or hereafter eituate on said land flra and ~clndstotva f insurance 1n the uaual stand~rd policy form, 1n a sum not les~ than 11.~_ OOO QO in such com- r pany or compsnies as may be approved by e~sid Mort~o~ce; and nll 9uch In~ursnce pollcies on any of said build- ings, any interest therein or part thereof. in the a~~regate sum _ a[oersald or in exCess thereof, shall contaitf ths usual standard mortgagee clt?uae makinR the lo.~s ur.der said policies, each and every. payable to suid Hortga. ' gee aa hi~ interest may appear, and each and e~•ery s~u•h palicy shaU be promptly deUvered to and held by sald Mortgagee~ and, not lea than ten daya in ad~•an~e of the expiration o! each policy, to deUver to anld Mortgages a renewsl ihereof, to~?ether with a receipt for the prrmium nf m~rh rPnewel: and there shall be no wch inaur- i ance placed on any ot said buildin~s, any intereat therein or pert thereot, uNeas in the fornn and wlth the lo~ ~ payable as atoreaaid; and ia the e~•ent any sum ot money becomes payabie under such poHcy or pollcies aaid ' _ l~ortgagee ahall have the oplion to receive ar?d xpply Lhe xame on account of the indebtedneas secured hereby or to permit sald Mortgagor to receive And us~e It or any part thereot for other pur~OSes ariWout thereby waiWng or impatring sny eqafty. 1lert or ri~ht under or by vlrtue ot thl~ mortgage: and in the event sald Mortgag~nr shull for any reason tail to keep the said premi~es sn InsurrA, or fail to dellver prompUy any of aald poUcies of Irtisuranoe to ~sid 1ltortga~ee~ or falt promptly to pay [ully any pretr?ium theretor. or iA any respeet lafl to per- form. diachargG ezccute, etfec~ complete, comply with and abide by thi~ covenant, or any part heteof. sald Hortg- agee may place and psy for such insurance or any part ther~i without waiving or affecUng any option, llen, • equity or right under or by viriue of this mortRage, and the tUR amount of each and every such peyment ahall ~ be immediately due and payabte end shall bear int•rest [rom the date thereot unttl paid at ths rate of ten per centum per annum and together with auch interesi ahall be sewnd by the lien oi tbi~ mortgage. 4. To permi~ commit or sutfer no aaate. impairment or deterloradon o! said prope:rty or any part ther~ , 6. To p~y atl and singutar the coats, chargea and expenxa, i~eludiag nasowiWe lawryer~ fees and cu~t o! ~ abetracts ot t1Ue, incurred or pafd at any ttme by sald Mortgagee because i?r?dlor in tha went of the tallurs r on the part ot the said Irtortgagot to duly, promptty apd iWly perforn~. dlicAarge. ezecwte. eKcct, compleiq, oomply wlth and abfde by each and every the sUpulatfons, agreemeats, condition~ and c,ovenanb of said promis- ~ rory note, and Ws mortgage. any or etther. and said co~ts. charges and espenees, each a~W every. ~6W 6s im- inediatdy due and paysbte. whether or not thera be notice. demand, ~ttempi to oollect or auit pending: ~nd tbe iWl sraount of each at~d every sucA payment shall bear fAtenst trom ths dst~ theeeot unW pafd at tbe nte ot ten psr centuai per annum: ~nd a11 aatd costa. cAar~q add ~xpeass~ ~o tacuned or palQ tosetber wftb wcb in- tesest. ~6a11 b~ecured b~? t1~e llea of thla mortgage. _ F. ~X~ ~ ~ ° n` ~ „4, _ _