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Home My WebLink About1029 ~ . j s 35 ~ o00 o.o. stuxRr. Florida. .J ~nu ~~~Y. ..l ~ i~ ? 9 ~ FOR VALUE RECEIVED, th~ undetsigned. joinfly and se~~rally. PROMISE TO PAY !o !he o~der o! . ~ MA`l'TIE I.. S~iELTON... . . . . . . _ _ . Thirty Five Thousand and 00/lOQ--.--------------- . . . . . ~ ~ DOLLlIRS, ~t Stuart, Fl.orida . o s ch~other place as the hoide~ . . . _ _ i ~ hereot m~Y desiqait~ in wrifing. logelhe~ wifh inleres! icom date at ihe tste 8+tp~ i C 8t E'CI 5V pe~ aea pes a~~on !he unpaid ' balaAe~ until maluritT. Th~ s~id principal sod inte~es! shall be duc and payablc as tollows: ~ Interest only at the rate of $100.00 per month beginnin~ February 10, 1979 ; and ending Aiay 10, 1979. Thereafter, in monLhly installments of $256.82 # each, includin~ both principal and interest at the rate of 8~ per annum, ~ beginning June.10, 1979 and continuin~ on the lOth day of each and everv month thereafter for a period of 30 years, or until both principal and ~ interest are fully paid. Each such monthly payment shall apply first a toward payment of interest and the balance toward principal. The makers may prepay any part or the whole of the indebtedness at.any ~ time hereafter without payment of penalty therefor. ~ i 11 delault M made lor da~~ in Ihe payanent nt ~er inal~llaenl o( ~rin~ipal or inlrrest o~ anr P~r1 lA~reol. t?e ~Aole •um Il~ee ~tmainin~ unvaW wil? intrt~+t •A~q ~t A~IAer'~ o~ti~n Secome dw wnd e.~yable ritAoul nol~ce. Failu?• lo eae~cise su~A ep~:on aAall no1 con~titule ~raiver ef 1Ae ~ ri~ht Ie •urciae tAe sa~we in Ibe e~ew~ e[ •u6~pwa1 drlaull. Alte? ~walur~ly bMA principd ~ed ace?utd inl.r~al sA..ll b..r iMer~sl ~t ~ per crnlu~n y~r annus until ~aid. TA~ ~naMtrs ~nd t~~or~e~s ol tA~~ nute lurt\er wr~i~~ demand, noti[e ol -non-pa7~uewt anA pro~eat. 11 ~Ais wets ~f not pai~ ~t 5 m~turity anA f?~ ~~me fs pl~ted w~lb ~u altor~er (e? colltcl~on, the wah~ra •nd endo?s~ra h~reel .a~ree to pay all cost• ol colleclion, ~ncludin~ all courl cos~• +aA r~~~~n~ble ~t~erwer leew ' ~ . _ L. ` ~~`'~~~vy~-. _ ISEALI . Delbert Lynn , - ~l ; . . . _ , ISEALI ~ K ~ C ' dy L nri~~ and sh:Jl dul~, prum~,tly au~l tull~• ~?erform, dischar~e, execute. el(ect, com~dete. co~u~,ly wi~l~ and abi~le by each anJ every the stipulatiouc, agrcrnuuu, cr,uditionc aud co~•cuants ot said ~~rumiswry uote aud o( this mortgage, then cLis moregage and tht esulte hereby created st~all cea~e aud be null a~~d void. It is uudcrstoal that c~ch o{ thc words, "uote ""mortRag~r" aud "mnn~Ga~;cc" respccti~•cly and thc pronouns refcr~in~ thcrcto. Hhcd~cr iu thc sin~ular ~r plw:~l au}N'herc iu this mort~ay;c: sl~all Lc sio~uL~r if onc oul~ and sl~aU bc plural jointly and scvcraUy. if m~rc than nuc. :iud shall Ix masci~liuc. (cminiHC aucl/or ucutcr. Nhcrcvcr thc coutc~t so itn~~liec or ad~nit~. A~~d s~id Mor~Fa~or (or Liinscl( and I~is licirs, lcgal rc~?rc.cntativcs. wcressors aud assigus, licrcby cu~euanu and agrecs to and Mrith said ~lortgagee. 1?is IeKal representatives, succasors anJ assigns: . 1. '1'0 ~?ar all and sin~ular tLe priu~ipal aud intcrest au~ thc ~•ariuus aud sundr~ sumc ~nonc~• pa~:?blc by virtuc o[ taid promissory notc, aud this mortgagc, cach aud every, promptly on thc da}'s respectivcly the s+mc u~~crally l~ccome due. 2. 7~0 ~~ay all and sin}~ular tlic taxcs, asscs~ncuts. lreics. liabiliticc, ~bligati~n~c :~nd iniun~briuccs of c~rry n:~turc aud kind uow on caid dr~.ril~ed ~~ro~,cn~•, aud/~~r tl~at hcrei(tcr nciy I~c im~x~+ccl. .ui(cre~l. ~d,~ird, Ic~icd or a.utiscd thcrcupon, and/or that hcreafter maJ be Ie~•iccl ur a.+ccutil u~?on ~I~is m~~ny;a~e aod/~r thr indrbu•~I~~c.s.ccured 1?crcb?. eacl~ and c~cry. whcn due and payablc accordin~; u~ I:~w, 1?c(orc thcy bttomc dclin~~ucnt. a~~cl licf~rc au~~ intcrcu attad~cs ~~r any ~~ci~alty is incurred: and iu so L~r as auy the~rof is of rccord the same sBa11 bc pr~~~n~?tly s:~tis(icd and diul~a~~;~til of record au~l ~I~c or- i~inal o(ficial documcnt (such ac. (or iu~t:u~cc. thc tax rccci~~t or IhC s:~ti~L-u ti~n pa~?cr ~rltici:illy cudnrsc~l or ccrti(icd) shall 'i . be placcd in tl?c hauds of sii~l ll.~rty;.~~;cc within tcn day~ uczt aftcr ~~:~tmcur. :n~~l iu thc c~•cut th:~t :ui~' thcrc~?~ ic uot u~ _s~` paiJ. xatisficd aud dixh~rgccl. said At~~rtKa~cc niay at any timc ~~a~• thc s:unc ur au~• par~ ~hcn~~l wi~l?nut ~.ai~•iu~ ~~r ~tfcct- ' ing any optiou. licn. ec~uity or ri~ht w~dcr ur by vir~uc of tl?~c mort~;:i};c. aud tl~c lull auiount ~?f c~cl~ and c~cry +uch ~?ay- ,mcnt shall bc immcJi:~tcly iluc :~u~l pa~~al~tr :iu~l ~I~all 1?car intrrest (rorn thc datc ~licic~~f ~nuil ~,aid at thc ntc oE tcn pcr ~ centum prr anuum and to~;cihcr with such intcrest sl~all bc sccurc~l by tl?e licu o[ tl~ic mor~~;a~;c. 3. To place and cm~tiuur~usly kcep on thc buildinKs notv on c~rcaller siwatc on saiel lan~l (ire iud ~.inil~tonn inwr- t anct in thc uwal staud:~rd ~~lic~• form. iu a aum not less tl~an lh~ bi};hcst i~isurablc ~•alui•, in sucli cump:in~ nr ~~~~np:u~i~c as ~ may bc appro~•cd liy said \Tort~a~cc: and all such iuwrancc ~x~lirics on any of x:~i~l buil~lin~;., au?• in~c~c~t ~I~crcin ~r ~~art thereof, in the aR~;re~;ate tuin a(~?rec~i~l or in ezce,s there~~f. shall coutain the ueu:~l s~:md:ud nwrt~;a~;ce cL~u~e inakin~ tl~e lu.s undcr said policics. cach an~l ceciy. ~,.~?•ablc to saicl ~Inrt~aFce :~s his iutcrc~t ma~~ a~~~,car. aud ca~~h auil c~cry such ~?olicr sl~~ll bc prumptly deli.cre~l t~? ai~d i~cld by ~aid \I~ntKa~{cc: anil. uot Ics~ ~Lan tcn da~•s in a~lvan~r of thc cx~~iration ot ca~ h ~N~licy, to deli~cr to ~.iid \Ior~~:~~ce a rcncNal tl~cr~~(, tnKcthcr wi~h a rcccipt lur nc~ prcmium n( such rcncM:~l: an~! tlicrc shall be no such insnraucc placc~l ~~n any of c.iid buildin~;s, any intcrcct thrr~•in ~~r ~,:nt thcieol. wilccs in thc fmm :u?<I Mith thc lus~ p-r~~al?le ac aforccaid: and in thc c~•cnf :~n~~ ~~~m u( ~nanc~~ bcco~ucs ~~a}~:~Llc ui~dcr ~u~ h ~~~~li~-c ~~r ~x~li~ ii•. ,:~id ~Iurr~;aFcc sliall ha~•e the optio~~ to r~•ceivc and a~~~~I~• ~he same on actouut o( Ilic indrbte~lucss ~eture~l hercby ar u~ ~~cimit s.~id \(~~rt~a- ~~~r to rcccict and usc it or an~ part thcrc~~( (ur o~hcr pur~,nccs without ~6~~rchy ~.:~i~•i~i~ ~?r im~~.~irii~y; :u~~• cc~uity. licu nr ~ right undcr or by ~irtuc o( thic morty;a~;c: a~id in tLc c~•cnt wicl \(ort~;•r~nr +I?:~11 G~r .u~~• ic:~W~n Liil t~~ l~•c~. thc >:~id p~cmi.es so insurcd. or fail to dclivrr prrnnptly ar~y ~f wict ~x?licics of iusura~icc to said \lort~;.iy;cc. or (:~il pruu~~~~l~• to ~~:iy fully any premium thcrcfor. or in an} res~?cc~ tail tu pcrform. dixhar~;c. cxccutc. r((cr~. coo~plc~c. c~,mply ~.iih :n~~l abi~lc L} thi~ c~n•. cnant: or auy part I~crcof, sai~l \lor~~:~~;cc m:~y placc and ~iay (nr such iusuraucc or a~~r• part tlicrcu(. ~.•itlu~ut ~.,ii.•iu~ ~~r a((cctin~ an} opcion. licn. cquit~• ~~r ri~;ht ou~lcr or by ~irtue of this ~nnr~Ka~c. and thc Iull am~nm~ of ricl~ and cvcr~ sucl~ payment slull bc immecliatcly duc aud pa?~ablc and shall bcar intcrrst from thc ila~c ~t~c~cnf until ~~aid ~t thc ra~e o[ ~en per cencum per annum and togetlicr with such interest shaA be securecl by. the licn of this mort~aKe. ' ~ . ~ 4. "I'o permit. commit ur wffer no wasic, impairmcnt or dcterioration o[ said propcny or any part thcrcof. ~ ~ 5. To pay all a~id siu~;ular tlic co~ts, cliar~cs cu~d crpcnus, inclwliuy; rr~u~niblc 1:~~.~~r~ (ccs :ii~~l cost o[ al,slrattc o[ ~ titlc. iucurred nr paicl at. any timc I?y sai~l ~I~~rt~;a~cc I~ccaucc andl~r iu ~hc c~cnt o( thc (aihnc on thc p~rt of thc saiJ ~ ~(ortK:~~or to cluly, prom~~tly iud fully per(orm. diultarge, exewte. e(Icct. cumpletc. c~ny~ly u•i~l~ aud abi~le by c.~ch and ~ e.-ery the stipulations, a~;reemeni~. a~nclitiouc and co~enauts c~iel ~~mntiscory n~~t~. and thie mart~:i~;e. a~iy or either. aud ~ caid costs, charges and ex~ienses. each and e~•ery. shall be immediately d~ie iucl ~,a~:~hle. ~chi~iher ~~r uot ~her~ Ix~ nrnice. ~le- - mand, attcmpt t~ collcct or wit ~?cndinK: and tl~c (ull amnunt o[ cad~ :u~d c~•cry such paym~nt chall I~car intcrest from thc ; ~ d~te thereof until paid at ~he raie oE ten per centum per anuum: au~l all said costs, charges and expensa so inwcred or paid, t togcther with such interest. sl~all be securcd by che lien o[ ehis mortgage. ~ ~ ~ - BOOX e7~ YACE10~ . - ~7~. ~~~;~3~: _ : _ ~ ~ - . _ ~:.-c=