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..,,~q.q• orate. Ile_ ~?,+aNi ?qeW r Meei.:, i•u,wrei.iriaer i.rkc.u. SIMINOIt FOAM
Mortgage Note
s 52,000.00.. Stuact.. ,flaide Novem4er 27............._.1979. ~
I
iC>R VAIUE RECEIVED tM trndersiynei promises tc par to tM order of
JOHN 0, DA)^TON and 6RETCHEN. D. DALTON
the principal siwnof .F.i f.t.y.._f'WO thO.llSd(ld and f10/.) 0.0-.------.---.--.-.--.-.--..-.---_----_~--_-.-.--..Ddlars
to9sllwr with inlarasl Ihwson al tM rat. d . _..t a n......~...pM cent per ar?rwm Iran No.y @ m,b 8 r,...2.7.,,.,._ ~.9.7 9
until mafwity, bah principal and interest being payable in lawful Mai.y of Ihs llnitad Slags, such principal soot end irilarest payable in insbllnianls as folbws:
Monthly installments of 3472.53, consisting of principal and interest on
the 27th day of each month beginning December 27, 1979, and continuing
until December 27, 1982, at which time the entire amount of principal
shall become due and owing. The makers may pay any part or all of the
unpaid principal at any time before due without payment of premium therefor.
Such mslallment pavmems shall be apoLed Lrst to the interest accrwn9 under the lams of this note and Then to a eduction of IM principal indebtedness.
the makers and endorsers of this note further agree to waive demand, name o) non-payment and prol.sl, and in 1M tv.nl soil shell ba brought Iw the
coHechon hereof. or the same Ha: to be collecte~ upon demand of an attorney, to paY reasonable attorney's Fees fa making such tollaction. AU paymMts hers,
order shall bear mtaest at the rate o! t e n_ . percent per annum from rt'atwity until paid. This note is secured by a rtiortpa9s of .vN? dab harewilh end is to
?re construed and enforced accord~nn to the Taws o} the State of Florida: utdn default in IM payment of principal andlor interest when dos, tM whole sire of
princ~Wl ar.~ inierost r@.i,uiiUn9 uiipa.d shall, at tr,6 option Of tM holders, OetOrrle immediately dos and payable. Failure to eitercise this option shall not eonslitute
a warvcr of the righ? to eaerase the same i~ the event of subseQirent default. r '
Davable at 2.5 0..1 Mo rn i n g s i d e Drive _ 5// ~ , 4 _ _..........._...ISEAu
Port St . Lucie, F l_ 33452 GEORGE W. W (LDER tsEAt)
S /~I~w~wiA.
or wch other place as shall be ............._...._.._......................_........................._.......ISEAL)
designated by the holder of chi, V D DONNA WILDER
note m writmy v _.......................__._..............._...(SEAI)
i
and shall duly, promptly and fully perform, discharge, 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 cre:.ied shall cease and be null ono void.
It is understood that each of the ~worilQ. "note," "mortgagor' arid "mortgagee" respectively and the pron-
ouns referring thereto, whether in the singilar or plural anywhere in this mortgage, shall be singular 1f one only
and shall be plural jointly anti severally, if more then one. and shall tx masculine, feminine and/or neuter, whet,
ever the context ao implies or admits.
And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven-
ants ana agrees to and azth said 1?fortgagee, hip legal representatives, successors and assigns:
1. To pay all and singular the rrncipaf acid interest and the various and sundry soma of money payable by
virtue of said promissory note, end this mortgage, each and every, promptly on the days respectively the gamer ;
i severally become due.
2. To pay all and singiila~ tf.t: ivices, assessments, levies, Labilities, obligations and incumbrances of every
nature and kind now on said descni.~ d property, and/or that hereafter may be tmpoaed, suffered, placed, levied
j or assessed thereupon, and{or that hereafter may be levied or assessed upon this mortgage and/or the indebted-
~ peas secured hereby, each and es•er~, when due and payable accord?ng to law, before they become delinquent,
E and before any interest attaches or any ponalt} is incurred; and in so far as any thereof is of record the same
f shall be promptly satisfied and discharged of record and the original official doctunent (such as, for instance,
i the tax receipt or the satisfaction paper o:fici~:ly endorsed or certified? shall be placed in the hands of said
Mortgagee within ten ds+ys next attar l armcrt; and in the event that any thereof is not so paid, satisfied and
discharged, said 1?iortgagee ma}• ;t an}• Un.e l.a ~ the acme or any part thereof without waiving or offs:Ling
any option, her., equity or nRht unrlc~r or t,~: virtue of this mortgage, and the full amount of each and every 1
such payment shall be imme~.a!cl}• ilur a::.! t~n.~ab:e and shall bear interest from the date thereof until paid
} at the rate of ten per centu~n per anst~rn ar.: together v~'ith such interest shall be secured by the lien of this
!t mortgage. ;
3. To place and continucusty keep on the buildings now or hereafter situate on said land fin and windstorm ,
Insurance in the usual standard policy four.. 1n n sum not leap than S f.U.l.l_.~1df"ISe~...Yd L~ue fn ouch coin-
pony or comp: ates as may be approved Dy said DtortgaRce; and ell such Insurance policies on any of said build-
1ngs. any interest therein or part thereof, :n [Te aggregate sum aforesaid or in excess thereof, shall contain the
j usual standard mortgagee clause making the loss under said policies, each and every, payable to said I?lrortga.
gee as hie Interest may appear, and each and every such policy shall be promptly delivered to and held by said
)?fortgagee: and, not less than ten days in ari•: once of the expiration of each policy, to deliver to said Mortgagee
a renewal thereof, together with a receipt far the premium of such renewal; and there shall be no such insur-
once placed on any of sold buildirt;s, any interest therein or part thereof, unless m the form and with the loss
F payoffs as aforesaid; and in the es•rnt any, rum of money becomes payable under ouch policy or pollciea said
I?fortRagee shall has•e the of t::n to receive and apply the same on account of the fndebtedneas secured hereby or
to pe:mtt aFaid '•forteaFor to receive anti u« a or any part thereo[ for other purposes without thereby waiving
or fmpainng any equity, lien or right under or by virtue of this mortgage; and in the event aafd Mortgagor shall
for any reasor, fait to keep the said premises so Insured, or fall to deliver promptly any of said policies of
Insurance to said Dortgagee, or tail promptly to pay fully any premium therefor, or in any respect fall to per-
form, discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, sold Mortg•
ogee may place and pay for such Insurance or any part thereof without waiving or attecting any option, lien,
equity or right under or by virtue of thin mortgage, and the full amount of each and every ouch payment shall {
tie Immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per
ceiitum per annum and together with ouch Interest shall be secured by the lien of this mortgage.
4. To permit, commit or suffer no waste, Impairment or deterloratfon of said property or any part thereof.
6. To pay all and singular the costs, charges and expenses, fncluding nasonable lawyers fees and cwt o! r
aLetracts of title, Incurred or paid at any time by said Mortgagee because and/or in the event of the fafltsrs
} on the part of the aafd Mortgagor to duly, promptly and Nlly perform, dLcharge, axecuts, sKect, completer ~
~ comply with and abide by each and every the etipulaUons, agreements. conditions and oovenanb of aafd promL- t
spry note, and this mortgage, any or either, and aafd coats, charges and sxpensea, each and every, shall be Ire-
medfately due and payable, whether or not there be notice. demand, attempt to collect or aWt pending; and Ns
~ full amount of each and every such payment shell bear interest from the date Nsreof untU geld at t1?e rate of
f ten per ccnttim per annum; and all aafd ewb, charges and srtpeoses so fncisrred or paid, together with such 1n-
tersrt, shall be secured b}• the lfea of this mortgage.
r~tt X77 Q(1~
Dr\nV _ x.nr