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Home My WebLink About0403 - 4 i .ti s---?~llOOO.QO STUART, Florida. -----J1~-----~r---------- 1980---- FOR VAWE RECEIVE, Tth~e~ ~un/d~ersigned, joi~ntjly~ and severally, PROMISE TO PAY to the order of___.____- - - _ at ...-------or such other place as the holder hereof may designate in writing, together with interest from date at the rate of . U.______. per centum per annum on the ~ unpaid balance until maturity. The said principal and interest shall be due and payable a~ ~Oi13rOlAt Znbaacest cnly Mill bs paid monthly l~ugust 1S, 1980, and MOh >~th tlnctil ,this mbs is paid in lull. 1ll~s pr'inoipat poactiion o! this ><mbs atlsll bs Paid uQon t2ls el,oainq o! the saLs o! the haoe awed by the oblli~go~s in Iioahe~baac, Irler Yaadc, sac ass ysale ls+ola Bats 2>iareo!• MRsie~lae{+eae ooatacs list. If def+uh be made for l'~ deya In fire payment of any imtallment of pincipal a intereu a eery pan ?Aeraof, tM whole wnr then rern+minq unpaid with interest atoll at holdarr'a oopption beca+re due +rrd payable wilh0{It notice. Faihare to eaerciae each option shall not c t+ • waiver of the rig t ro e><ercise tl+e ume in tM event of aubaep-.aurt defwU. After mahrnty both pincipal and accrued interest atoll Draw in?ertst +t P+r cenrum per amwn unrd paid. TM maker and eerdorartn of thin note furt?rar w+iw demand, rrotice of nor?•peywNnt +nd poteat. If thin note is not paid at InahNity and Nre Mmt is plagd witA an attorney for colNttim, tM makers and +ndoraan honof aptw b pay all ooata of colNetion, including all covet costa and re+sonabb +ttorney faces. If any f is paid more thou 10 dogs after due then, in pddifion to sold payment, tM mokp shall goy o LATE CHARGE of 596 of the payment due or SS. artrichwer rs less. This provision stroll not be construed to modify the dttouR provisions herewr or the .antpest due otter default. (SEAL) - - - - - - J-a---~- - (SEAL) t --Y:'~eBa~t----------------- - - - 4 and shall duly. Promptly and fully perform, discharge, execute, effect, completes, comply Wltll and abide by esudi I and every the stipulations, agreements, conditions and covenants of said prumtssory note and of this mortgase„ then this mortgage and the estate hereby created shall cease and be null area vo/d. It is understood that each of the words, "note," "mortgagor" and "mortgagee" respectively and the pron- ouns referring thereto. wheWer in the singular or plural anywhere in this mortgage. ahsll be singular if one only and shall- be plural jointly and severally, if more than one, and shall be tna.'culine, feminine and/or neuter, wher- ever the context a0 implies or admits. And Bald Mortgagor for hlmaeli and hies heirs, legal representatives, successors and assigns, hereby coven, ants area agrees to and with said Mortgagee, hies legal representatives, successors and assigns: 1. To pay all and singular the .principal and interest and Ute 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 nature and kind now on said described property, and/or that hereafter may be imposed, suffered. placed, levied i or asaeaaed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- near secured hereby. each and every, when due and payable acrnMing Lo 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 I shall be promptly satisfied and discharged of record and the original official document [such as, for instance, the tax receipt or the aaUafaction paper officially endorsed or certi[iedl shall be placed In the hands of said E Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, aatSstied and discharged. said Mortgagee may at any time pay the same or any part thereat without waiving or affecting l 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 immediately due and payable and shall bear interest from the date thereof until paid , I at the rate of ten per centum per annum and together with such interest shall be secured by the lien of this I mortgage. - S. To place and continuously keep on .the buildings now or hereafter situate on said land fire and windstorm insurance in the usual standard policy form, in a sum not less than ti-• •------I[I~}C-11[Ill-.--• in such cam- ' parry or comp^aics as may be approved by swirl b/ort~agce; anrt ail such insurance policies on any of said build- ings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof. shall contain the usual standard mortgagee clause making the ltav9 under said policies, each and every, payable to said Mortga- gee as his interest may appear, and each and e~•ery sttr•h policy shall be promptly delivered to and held by said Mortgagee; and, not less than ten days in ad~•ance of the expiration of each policy, to deliver to said Mortgagee a renewal thereof, together with a receipt tree the prPmiom r?f atl~h renewal, and there shall be no such incur- ance placed on any of said buildings, any interest therein or part thereof, unless in the form.and with the loos payable as a[oresaid; and in the event any sum- of money becomes payable under such policy or policies said Mortgagee shall have the option to receive 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, Ilen or right under or by virtue of this mortgage: and in the event said Mortgagor shall for any reason sail to keep the said premises so insumd, or fail to deliver promptly any of said policies o! insurance to said Mortgagee, or fail promptly to pay fully any premium therefor, or in any respect fail to per- form. discharge, execute, effect. complete, comply with and abide by this covenant. or any part hereof, said Mortg- 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 virtue of this mortgage, and the toll amount of each and every ouch payment ahaII ~ be immediately due and payable and shall bear interest from the date thereat 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 pernnit, commit or suffer no waste, impairment or deterioratlon of said property or any part thereof. 6. To pay all and singular the costs, charges and expenses, Including reasonable lawyer's fees and cost of ~ abstracts of title, incurred or paid at any time by aatd Mortgagee because and/or in the event of the taihtre _r ~ on the part of the sold Mortgagor to duly, promptly and fully perform. discharge, execute, effect, completer comply with and abide by each and every the stlpulaUons, agreements, conditions and covenanb of said promla- sory note, and Wa mortgage, any or either, and said costs, charges and expenses, each and every, shW be Im• mediately due and payable, whether or not there be notice. demand attempt to collect or salt pending: and tbs 1til1 amount of each and every such payment shall bear interest from the date thereof until paid at the rate of ten per centum per annum; and all sold cost, charges and expenses so incurred or paid. together with web ln• terest, shall bs secured by the lien of this mortgage. BCOK PdCf i