HomeMy WebLinkAbout1129 s 355, 000.00 sTUART, Florida, ~ 1979
' w, rid sewratl .PROMISE TO PAY to the order o/ JOIiN • - P'lINOR and
FOR VALUE RECEIVED the undo nqd, to t~y3 Y
C. PAULINE MYNOR,~l1s w IIe--------------------+--------------------------
THREE HUNDRED FIFTY FIVE THOUSAND AND NO -----------------------pOLLARS,
10 00 Gr f f l Avenue , Port S t . Lucie , For a a weh other place as iM holder
at
hereof msy dtsiynata in writirq, tolNthM with interest from daft at the raft of °=.Z-Pa centum pN snttum on thfa unpaid bslanq until msturity.
Tht saws p.incrpal and interest shsN be due and payable in ten (10) equal principal payments in
the amount of $35,500.00 plus interest on the Unpaid balance, the .
first payment shall be made on January 2, 1980, and each six (6) '
months thereafter, until paid in full.
If dtfaWt be made for -30 days in the payment 01 any rn:tallmant of principal or interest or soy Part thereof, the whole sum then remaining
unpaid with ~nttrest shall at holder's oDlion beCOn?e due and Payable withOUt notice. Failure to exercise Such Option snap not constitult awaiver of the
ngKt ro eaercist the same in Iht event o1 subsequent default. Alter maturity both principal and accrued interest shau bear mterKt a per centum per
annum until paid. The makers and endorsers o1 this note further waive demand. notice of no ayment and protect. 11 thif note i n t Paid at matwity
and th! 3arM Is p1acW with an attorney for collection, the makers anon or rs AatOf r 11 S 1 Iles i n r cludi 1 court Costs and
reasonable attorney fees. ~ J~HN ~ ~~N r 1~~'
~ ~ ~ l ; , a B (SEAL)
l ; !1 ~ / (SEAL.)
- (SEAI.I
• ~
and shall duly, promptly and fully perform, discharge, execute, effect, complete, r•.omply with and abide Dy each
and every the stipulations, agreements, conditions and covenants of said prumisaory note and of this mortgage,
then this mortgage and the estate hereby created shall cease and be null and a•old.
It is understood that each of the words. "note," "mortgagor" and "mortgagee" respectively and the pron-
ouns referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular i[ one only
and shall be plural jointly and severally, if more than one, and shall be lnavculine, feminine and/or neuter, wher-
ever the context so implies or admits.
And Bald Mortgagor for himself and his heirs, -legal representatives, successors and assigns, hereby coven-
ants aria agrees to and with said Mortgagee, hies legal representatives, successors and assigns:
1. To pay all and singular the principal and fntereat and the various and sundry sums of money payable by
vlrtce of said promissory note, and this mortgage, each and every, promptly on the days respectively the aam~
severally become due.
2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every
nature and kind now on said described properly, and/or that hereafter may be imposed, suffered, placed, levied
or asaesaed thereupon, and/or that hereafter may be levied or asgcsved upon this mortgage and/or the indebted-
ness secured hereby, each and every, v?•hen due and payable according to law, before they become delinquent.
and before any interest attaches or any penalty is incurred; and in ao far 8s any thereof is of record the same
shall be promptly satisfied and discharged of record and the original official document (such as, for instance,
the tax receipt or the satisfaction paper officially endorsed or rertified? shall be placed fn the hands of said
Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied and
discharged, said Aortgagee may at any time pay the same or any part thereof without waiaing or affecting
p any optibn, lien, equity or right under or by a•,rtue of this mortgage, and the full amount of each and every
i~ such payment shall be immediately due and i~ayable and shall bear interest from the date thereof until paid
f at the rate of ten pet centum per annum and together with such interest shall be secured by the lien of this
i mortgage.
3
3. To place and continuously keep on the bu,ldinl;a now or hereafter eltuate on said land fire and windstorm
value
insurance in the usual standard policy form, in n sum not les.9 than t- highe3t...i.nSUr.8b1e., in such com-
pany or comp^aics as may be appmerd by said Mort;;a~r•e; amt all such insurance policies on any of said build-
ings, any interest therein or part thereof, in the aggragate sum aforesaid or in excess thereof, shall contain the
usual standard mortgagee clause making the less under stud policies, each and every, payable to said Mortga-
1 gee as his interest may appear, and each and ea•e: y sw•h puhcy shall be promptly delivered to and held by said
]?iortRagee: and, not less than ten days in adrance of the expiration M each policy, to deliver to said bfortgaRee
a renewal thereof, together aa•ith a receipt for the premium of vurh renewal: and there shall be no such insur-
ance placed on any of Qaid buildings, any interest therein nr part thereof, unleva in the form and with the loss
payable as aforesaici; and in the event any sum of money becomes payable under such policy or policies said
f Mortgagee shall have the opti,~n to receia•e and apply the same nn account of the indebtedness secured hereby or
to permit said Mortgagor to receive and use it or any part thereof for other purposes without thereby waiving
or impairing any equity. lien or r'sght under or by virtue of this mortgage: and in the event said Mortgagor shall
for any reaso:t [ail to keep the said pr~ml~~s sn inRurr•d, or fail to deliver promptly any of said policies of
insurance to said 111nrtgagee. or fail promptly to pay [ally any premium therefor, or in any respect tail In per-
form, discharge, execute, effect, complete, comply aa~th and abide by this covenant. or any part hereof, said Mortg-
f aRee may place and pay for such insurance or any part thereof without waiving or affecting any option, lien,
equity or right under or by a•irtue of this mortgage, and the full amolrnt of each and every ouch payment shall
be immediately due and payable and shall bear interest from the date thereof until paid at the rate o[ ten per
centum per annum and together with such Interest shall be secured by the lien of this mortgage.
' 4. To permit, commit or arlffer no waste, impairment or deterloratlon of acid property or any part thereof.
6. To pay all and ainRrrlar the costa, charges and expenses, including reasonable lawyer's fees and cast of
- abstracts of title, incurred or paid at any time by said Mortgagee because and/or in the event of the failure
on the part of the said Mortgagor to duly, promptly and fully perform, discharge, execute, effect, complete.
coml ly with and abide by each and every the stlpulaUona, agreements, conditions and covenants of said promis-
sory note, and this mortgage, any or either, and said costa, charges and expenses, each and every, shall be im-
s.~ mediately due and payable, whether or not there be notice, demand, attempt to collect or salt pending: and the
full amount of each and every such payment shall bear interert from the date thereof until paid at the rate of
a ten per centum_ per anrlum• and all Bald costa, charges and expenses so incurred or paid. together with such fn•
tercet, shall bs secured by the lien of this mortgage.
a
~Uy =:,i.~
~ 1128
s
~ ~ = s
~ ~