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ttOR VALUE RECEIVEOr the undKSion~d, jointly and snvKatly, pROMItE TO pAY to tM wde. of
.ROBERT- S.. -1dIirSON_.8nd.-MARILYN T.. WILSON, his v~ifs•---~ - 1
>,IIdETEEN .T)iOIJSANO--aad. no/100-----------R~*+~=~.T-~•~~?.~-~_..----..__..__~_..__-OOttARS, ~
at Lot 881, Venture.. Three,. Jensen Beach,-. FL -33A57 - e. wch othN placo as the hetdt?
Z h~nef nay dat~nate in writino to~thor with inhnst from -..(see--below) + ~
at the rah of * 9.5$ pat c~rttunl pa annwn on the unpaid tatalanco until maturity. Thy s<sid principal and interest •hsll
ba dui and payable as follow[;: ~
One lump sum payment of $19,000.00 due when Lot 368, Holiday Out, is sold. `
No interest is due on this note until after October 1, 1980, when interest
shall be payable every three months at the rate of 9.5$.
THtS NOTE MAY BE PREPAID AT ANY TIME WITHOUT PENALTY.
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Wi ism J. - eon -
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:Attest: / i / - - - (SEAL)
Mary B. eron -
(sou) .
and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each
and ea•ery the stipulations, agreements, conditions and covenants of said prumissory note and of this mortgage,
then this mortgage and the estate hereby created shall cease and be null and void.
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 1t one only
and shall be plural jointly and severally, if more than one, and shall be inasculine, 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 ann agrees to and with said Mortgagee, his legal representatives, successors and assigns:
1. To pay all and singular the principal and interest 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 respectively the same
severally become due. -
2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every
'I nature and kind now on said described property, and!or that hereafter may be imposed, suffered, placed, leatied
or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage andior the indebted-
ness secured hereby, each and every, when due and rayable according to law, before they become delinquent,
and before any interest attaches or any penalty is incurred; and in so far as any thereof is of record the same
j shall be promptly satisfied and discharged of record and the original official document (such as, for itlstance,
;he tax receipt or the satisfaction paper officially -endorsed or certified) shall be placed in the hands of said
Mortgagee within ten days next alter payment; and in the event that any thereof is not so paid, satisfied and
discharged, said Mortgagee may at any time pay the same or any part thereto without waiaing or affecting
~ any option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and every
g such payment shall be immediately due and l•ay:,bte Ind shall bear interest from the date thereof until paid
at-the rate of ten per centutn per annum and together Kith such interest shall be secured by the lien of this
mortgage.
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3. To place and continuously keep on the bu~ld~nl;a now or hereafter actuate on said land fire and windstorm
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insurance in the u.QUal standard policy form, in a sum not less than In such com-
pany or comp^a-ses as may be approved by said 1lfortfia~ee; and all such insurance policies on any of said build-
ings, any interest therein or part thereof, in the aggnRate sum aforesaid or in excess thereof, shall contain the
usual standard mortgagee clause making the loss under said policies, each and every, payable to said biortgar
gee as his interest may appear, and each and e~•ery sup h policy shall be promptly delivered to and held by said
Alortgagee; and, not less than ten days in ad~•anre of the expiration of each policy, to deliver to said Mortgagee
a renewal thereof. together with a receipt for the premium of snrh renewal: and there shall be no such insur-
e once placed on any of paid buildings, any interest therein or part thereof, unless in the form and with the loss
payable as a[oresaicf: and in the eaent any sum of money becomes payable under such policy or policies said
~ Mortgagee shall have the option to receia•e and apply the same on 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 right under or by a•irtue of this mortgage; and in the event said Mortgagor shall
[or any reaso? tail to keep the said premises sea incurPd, or [ail to deliver promptly any of said policies of
insurance to said Dtortgagee, or fail promptly to p:iy fully any premium therefor, or in any respect tail to per-
form, discharge, execute, effect, complete, comply aaith and abide by this covenant, or any part hereof, acid Mortg-
r ogee 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 amount 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 of ten per
centum per annum and together with such interest shall be secured by the lien o[ this mortgage.
4. To permit, commit or suffer no waste, impairment or deterioration of said property or any pars thereof.
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6. To pay all and singular the costa, charges and expenses, including reasonable lawyer's fees and cwt of
abstracts of title, incurred or paid at any time by said Mortgagee because andior fn the event of the failure
~ on the part of the said Mortgagor to 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 promis-
sory note, and this mortgage, any or either, and said costs, charges and expenses, each and every, shall be im- i
mediately due and payable, whether or not there be notice, demand, attempt to collect or salt pending: and the
t lull amount of each and every such payment shall bear interest from the date thereof unW paid at the rate of
ten per centum per annum: and all said cwts, charges and espeases so incurrsd or paid, together with such in-
i terest. shall be secured by the lien of this mortgage. -
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