HomeMy WebLinkAbout1757 - 1iS?1?LL~i4~aS?fi~i~rli~i4~i~iaiS?4~iTi~i~i~iai~ilil?~i4oi!?~iai~i~i~iai~i4~i4aiSi~ioiai~ioi4~i~G4ttil~jw~rZi a41~SrYi~i;
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~ ~Q~~ yy U RSt.llii'tt3 iiN irnviiii--std (ointly and sewrdly, PROMISE TO PAY b the order of -
~ POR~ ~T. LUCf$ BUILDi~RS ~ _ .
noxtf- known -aa . Ct?WELL CONBTaUCT1OH iNtr . - - - ~
Fa~f~ fi~I0U3AND ~ FOUR HUNDRED - F-IFTY_ FOUR .,~?_~p__9~hOD~_~~T.~TwTT!~~+~.wfRwwww.w M
~ - DOIIARS, ~
P O Box 3663,_ -Fort .Pierce, FlOxida ~1;~.5Q_-.._ . a wch other place as tM holder t
at - - - - - 1
;hereof may dt>EiDnats in writing together with interest from _ ApY'~,~ _ r-- _1.97 8.. - - ~
at the rate of i .par centum psr annum on tho unpaid balance until maturity. The said principal and interest shall
be duo and payable as follows:
$92.55 a month, the first payment being due one month from the date
shown above, and continue for each month•thereafter until paid in 1,
full. This sum of 592.55 paid each month shall first be credited to ~
interest grid the remainder to the principal of this obligation. ti
This note may be prepaid at any time without penalty. R
N d.faoh be nude /er 10 days iw the parrwrwt of awe iwatallwKnt of principal a iwMntt e? awe pact tbrrwT, fbe whsle wrw ttww rewuiw'
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unpin with iwlerrct Mall at bolder s option becorwe dw awd parable witboW worics. iailsn M eaerc:ss setb sptiew sbaN wet cewsti~~~~ warwr of the •
riybt N easrcite 1M sweat iw tAe event of cebsegwnt default- Aher rwat~ritr beM principal awd accrwd iwNrest Iraq boa. iwhnst at1U~ pry erww~w
per awwrrw aiwtil pair. TM rwaken awd endenen of this nett ferthtr waive dr~wand, notice s/ wew.parw~twl awd pretest. M fbit wsls is wet paid at ~
iwaturMr awd tla sawat is placed witA aw attorney ter telltct:sw, the makrn awd ewdenen Mreof a9?te ro par aN cosh ei telMctisw, iwclydiwN aN cent
costs awd rtasswabls atNrwey foot. ;
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-Robert- J~
Attest: ~a~;01 A. Ryan (SEAL)
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and shall duly, promptly and fully perform, dtscharge, execute, effect, complete, comply with and abide by each
and every the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage.
then ttus mortgage and the estate hereby created shall cease and be null wren tool.
It is understood that each of the words, "note." "mortgagor" and "mortgagee" respectively and the pron-
ours referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular it one only
and shall be plural jointly and severalty, it more than one, and shalt be cna_9culine, feminine andior neuter, wher-
ever the context so implies or admits.
And said Mortgagor for hlmselt and his heirs, legal representatives, successors and assigns, hereby coven-
ants wren agrees to and with said Mortgagee, hie legal representatives, successors and assigns:
1. To pay all and singular the principal and iniereat and the various and sundry sums of money payable by
virtue of said promissory note, and this mortgage, each and every, promptly on the days respectiveiy the same
severally become due.
2. To pay all and singular the taxes, asses.~ments, levies, liabilities, obligations and incumbrances of every
nature and kind now on said descnbed property, and.'or that hereafter may be imposed, suffered, placed, levied
or assessed thereupon, and/or that hereafter may be lP.vied or assessed upon this mortgage and'or the indebted-
ness secured hereby, each and every, when due and payable according to. law, before they become delinquent,
and before any interest attaches ar any .penalty is incurred; and in so tar ~ any thereof is of record the same
shall be promptly satisfied and discharged of record and the onRinal official document Isuch as, for instance,
the tax receipt or the satisfaction paper officially en~forsed or certified? shall be placed in 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 I?iortgagee may at any time pay the same or any part thereof vi-ithout wanting or affecting
any option, lien, equity or right under or Dt• t•trute of this mortgage, and the full amount of each and every
such payment shall be immediately clue an~i i•ay:~D:e an~i shall bear in!erest from the date thereof until paid
at the rate of ten per centum per annum and tugrther with such interest shall be secured by the lien of this
mortgage.
3. To place and continuously keep on the builtlinxs now or hereafter situate on said land fire and windstorm
Insurance in the usual standard policy form, in a gum nM less than S . fn such com-
pany or comp^aies as may be approved by sat~l 111nrtrari•e: and alt such insurance policies on any of said build-
ings, any inferest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the
usual standard mortgagee clause making the 1~+ss under said policies, each and every, payable to said Iltortga-
gee as his interest may appear, and each as:d PPP.-y su~-h puLcy shall be promptly deLvered to and held by said -
1?Iortgagee; and, not less than ten days in advance of the expiration of each policy. to deliver to said 1?fortgaRee
a renelval thereof, together with a receipt fur the premium of aeteh renewal: and there shall be no such insur-
ance placed on any of said buildings, any interest therein or part thereof, uNess in the form and with the foss
payable as aforesaid; and in the e••ent any sum of money becomes payable under such policy or policies said
Mortgagee shall have the option to receive and apply the same on account of the indebtedness secured hereby or
to permit said DiortRagor to receive and use it or any part thereof for other purposes without thereby waiving
or impairing any equity, lien or right under or by virtue of this mortgage; and in the event said Mortgagor shall
for any reason fail to keep the said pr?miles so insured, or fail to deliver promptly any of said policies of
insurance to said DtortgaRee, or fail promptly to pay fully any premium therefor, or in any respect fail to per-
form. discharge, execute, effect, complete. comply ~~ith and abide by this covenant, or any part hereof, acid 111ortg-
agee may place and pay for such in4urance or any part thereof without waiving or affecting any option, lien,
equity or right under or by virtue of this mortgage, and the full amount of each and every such payment shall
be lmmedialely due and pa}•able and shall bear interest tram the date thereof until paid at the rate of ten per
centum per annum and together with such interest shall be secured by the lien of this mortgage.
To permit, commit or suffer no waste, impairment or deterioration of said property or any part thereof.
6. To pay all and singular the costs, charges and expenses, Including reasonable lawyer's tees and cwt of
abstracts o[ title, incurred or paid at any time by said mortgagee because and!or in the event of the tallure
on the part of the said Mortgagor to duly, promptly and fully perform, dtscharge, execute, effect, complete,
comply a9th and abide by each and every the sttpulatlons, agreements, conditions and covenants of asid promis-
sory note, and this mortgage, any or either, and Bald costs, charges and eapenaes, each and every, ahali be Im-
mediateiy due and payabit, whether or not there be notice, demand, attempt to collect or cult pending: and the
full amount of each and every such payment shall bear interest from the date thereof until paid at the rate wf
ten per centum per annum; and all said cwts, charges and expenses ao incurred or paid. together with such In-
terest, shall be secured by the lien of this mortgage.
~~~x319 PssE17~