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Home My WebLink About0965 ~~~i i~i~i~iLL~i~i~i~~'L~'iLs~~i~itiL~i~sSr~i~i~i~i~i~i~sL~i~i~s~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~~~i i~i~i~i~i~i~i i i i~i~i i~:~i~i~i~i~ • i ~ S._ 7,81100. OQ _ Marc.h. 3Q_..._......-~ - 19 79 ~ FOR VAIUE RKEIVED, fh~ undersi~n~d, ioielly and seve?ally, PROMISE TO PAY to th~ ordt? of____________ ~ W. R. LAUGHON as Trustee -----------_r.. . - - SEVENTY-EIGHT THOUSAND_ ONE _ HUNDRED _and__N 100-----_--_---.---_------.--.--~OOItARS, ~ - • • - - - ~t 320 S Federal Highwa~y~__ Stuart.~___Florida _ 33494_________._________ o~ such o~he~ plac. as ~he holde. ~ I,~nof ~nar desi nat~ in writinp top~the~ with inte?e:t from __I~~.~G~1.--~Q-~----l~Z_9_~------•-_--__---------------------- ~ at IM rat~ of 1~$ pe~ c~ntu~+n per ~nnum on fhe unpaid balanc~ until maturity. The ssid princip~l and interest sh~ll be du~ and paysbl~ as follows: $38, 500. 00 of principal plus accrued interest at the ~ above rate on March 30, 1980 and the balance of principal plus accrued .+interest thereon at the above rate on March 30, 1981. After January 1, 1980, ~ the maker shall have the privilege of making principal payments plus accrued ~ interest thereon in advance of the due dates thereof without penalty. ~z ~ ~ ~ M Ai~~M w ~M 15-•-. aa~s M ~M ~Sys~wf oI Mr iwstsNwKwt ef p?iwcip~l a inbr~st w~nr puf 1M~eef, tM wla4 sus tMw r~iw~iniw~ w~paiJ wid~ iwNnsl sh+/ N i»I~r's ~p1i~w b~cw dw ~w~ p+rabb with~W wetic~. faiMre~ h•s~rcis~ svcb optww sA~O wet tonttifvN a wai~r~r ~f tM r:yAt 1~ •:~~cise fl» s~ i~ tlr ~ww1 d s~bspwwt ~iav11. AhK w~wiq be16 priwcipal ae~ ~ccrw~ iwt~nat sAafl b~~r iwl~r~sl s1 .1Q p~r aentww P„ w~~ wp'1 i?~ iwakws ~w~ ~wd~rs~n ~i Nw w~N f~Al»r wsiv~ d~aaed, welic~ ef eew-p+ywMSl +w~ prN~at. N 16is wof~ is wet paid M ~walvrilr ~ 11N sawr is ~~+c~ wAA w afl~rw~r fM c~lbcfaw, tlr ~kers ~w~ ~wde~s~rs Mnei so~ N p+r +N ~efN ~f coll~ttiew, iwclvdin~ ~ll c~wl r~~sb ~wJ r~~s...~ aM«Nt Iw. ~ SWANSON HOMES, INC. ~ ? By t 5-------------------------- - - - (sEAt) ~ (Corporate Seal) o glas R. Swanson, its President ; r ~ Attest: - - - - --(SEAL). ~ r , (SEAL) . ~ - - . _ .fji ? i I~lJ~~I~.I~I~l~lS~l~J~I~l~l~I-I~I~I~I~J~l~,I~I~I~J~J~l~~I~IJ~1+~~l~~I J~I~~~~~JJ~I~ i I~I~I~I~I~I~I~1~1~I~I~~I~I~I~J~I I~I~I~I~I~I~~ I i~I~I~I I I%~I~I~I I i~1~~ i~1 i~I~I~J~J~ and shall dul}•. promptly and [ully perform, discharge, execute, e(fect, complete, comply wiih and abide by each and e.•ery the stipulatioiis, agreements, conditions and cov~n2nts o[ said promissory nott and o( this mortgage, tl~a~ this mortg~ge and the tstate herebY crcatccl shall ctast and be null and void. It is understood that each ot the words, "note," "mortgagor° and "mortgagce" respectivtlr and the pronouns re(erring there~o. ~.hethtr in the singular or plunl ~n~~.here in this mortRaet, shall be singular it ouc only and shall be plunl jointly and xverally, i( more than ont. and shal) be maac~line, feminint and/or ntuter, ~.h~rt~•er tl~e context so implits or admits. And said \Iortgagor for himxlt and his heirs. Iegal represeutatives, wccessors and auigns, hrrebv co~~enante and agrees to and with said ~iortgagte, his legal representaeives. successon and ascigns: L Tn pa~ all and singular the priucipal and interest and tht various and sundr} sum. of monc~ pa}~blc b~ virtue o( said promissory ~wte, and this mortgage, each and every, promptly on tht days rtspectivel~ the aame xverall~• becomr dut. 2. To pay all and siogular the taxes, usesunents, le~ia, liabilities, obliqations and incumbrancts o( e~er}' »>~w~ and kind now an s~id de~cribed Property, and/or that hrreafttr IIur be imposed, su[ftred, pla~td, ltvied or as~essed thercupon. ' and/or that herufter mav be levitd or asussed uPon this mortRaRe and/or the indebtednecc ~ecured hereby. each and e~•ery. I~ whtn dut ~nd papablt according to law, Fxforc thep become ddinquent, a~~d before any in~crest attaches nr am• penalt~• ia incurred: and in so tar as any thereoi is o[ record tht same shall bt p~omptly satis(ied and discharged of recorcl and tbe or- ; iginal official document (such as, for instante, tht nx receipt or the ~ati+fution paper otficialh• endorstd or certifiecl) shall i be placed in tht hands o[ said 111ortgagee within ten days next atter payment: and in the event ~hat anv thrrrn( is not so paid, satis(ied and discharged, said l?tortgagee may u any time pa~• ehe same or an~~ p~rt thereoi wiihouc wairing or af(~ct- ~ ing any option, litn, equitr or right under or by rirtue o[ th~~ mortgage, ~nd the [ull amount o( each and e~~er~• such pay- ; ment shall be immediattly dut and payable and ahall btar interest from the date thereo( until paid at ~he rate of tcc~ pcr ~ centum per annum and togethu with such interest shall be secured by the lien oi this mort~age. ~ 3. To place and continuously ketp on the buildings now or herea(ter situate on said lai~d tire ancf wi~~d.torm insur• ance in the uwal sundard policp forn?, in a sum not less than ~ht hiphes[ iusunble ralue, in sucb comp~n~ or cump~nies as ~ m~y bt approvtd by said Moitgaget: and all such insurance policits on any of said buildinp,s. any interect therein or part thereof, in ehe ap,gregate sum aforesaid or in excess thereof. shall contain ehe usual staud~rd moregagee clause maki~~g ihe ~ lou under said policits, tach and every, paYable to said 1ltortgaget as his interest m~y ap~xar, and ~ach and ever}• such policy shall be promptly ddivertcl to ~nd hdd by said 1?Iortgagee; and, not Ieu than ten days iu advancc of thc expiration of tarh jwlicr, to deliver to said 11(ortqagee a renewal thereoi, together Mith a receipt for tht premium ot such renerval: and tliere ~ shall bt no suth insur~nte placed on any oi said buildiugs, any intcrest therein or part thereof, unless in tht lorm and r.ith ~ [he lou pay~ble as a(oresaid; and in the event any sum ot money becomes pa~•able under such policy or ~~olicies said Afort~agee shall have the option to receive and applp the same o~ iccount o( the ind~btedness ucured herebr or to permit said Mortga- ~ gor to rttdve and use it or any part thereof ior other purposes MitF.out thereby K]IYlD~ or impairi~iR am equit), lien or ~ right under or by virtue of chis mortgage; and in the event said I?iortgagor shall tor a~~y rcason (ail to kecp th~ said premi~es ~ so insurtd. or fail to deliver promptly any of said policies of insunnce to s~id Mort~aget, or iail promptly to pa~ (ull}' a~~y premium theretor. or in any respect tail to perform, discharge, execuee. et(ect, compleee, c~mply with a~~d abide b~ this cov- - enane, or any part hertot, said Mortgigee may place and pay for wch insurance or any pare thtreot ~vi~hout wai.•ing or affeceing an~ option, lien, equity or righe under or by virtue of ehis mortgaRe, and the tult amount o[ each and ev~r7 such ~ payment shall be immediately due and payable and shall bear interest from the d~te therrnt until paid at the ratc of ten ~ per centum per annum and together with such interat shall be secured by the lien o( this mortqage. ~ 4. To permit, commit or su[ter no waste, impairment or deterioration o[ said property or anr parc thereof. ~ ~ 5. To par all and singular the costs, charga and expenses, indudin~ re~sonable lawyer's fees ~nd cost o( abstracts oE citle. incurred or paid at any timt by said 1?~ortgaget because and /or in the event of the failure on the part ot the said ~ 1?fortRagor to duly, prompdr and fully perform, dischuge, executt, e[fect, complete, comp)y with and abide by each and ~ every tht stipulations. agreements, conditions and covenants ot said promiseory note, and this mortgage, any or either, and + ~ said costs, charges and expenses, each and every, shall be immediately dut ~nd payable, whether or not there be notict, dt- t mand, att~mpt to collat or suit pending; and ehe full amount ot each and every such Payment shall bear interest irom the . ~ date theteof unu'1 paid at tht ntt o[ ten per centum per annum: and al1 said cosu, charges and expenses so incurred or paid. together wi~h such interest, shall be securcd by the lien o( this mortgage. ~ 3pfi _ ~ ~ - 9b4 s', gG,,r : s : ; - . . , a~~_..~,~==,.~:~-