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Home My WebLink About1026 S ZOQ~AAA a~ STUART, Flards, ~ , »-.$Q- FOR VALUE RECEIVED, tM urwlats,'ttad. iontly and sewraNy. PROMISE TO PAY to tM ceder of AQUA LA AS OCIATES, a Florida General PartnershlQ and AQUA RABELLA INC a Florida cor~±nra fen TWA NIINI]RED THAIICAND ANn NA/tAA----------------------------------------- DOLLARS, at ' e4 a wch other plaq as file hotdit herept may des,pule ~n writiM, tognMr with interest from des/e at tM qle of ~pM cenluen pN annum oft tM unpaid bNattw until maturity. The said gintipal and int«at shalt ba dw and wY~ in ful I on or before April 6, 1981. 0 PREPAYMENT of principal and/or interest, th part or In full, y m at an time without penalty. ~ \"J~"~ 11 tlstarMt W nsadt la ._3ii-days ~n the paY~nl of any installment of pr~nt~pal or lntlrKt or anY Part thlreol, It?O whol0 SuT Ihtn rlma~mhg unpartl with rntersst shall at holder's oplron pscome tlw and payatNe without notice. Failwe to exercise such option shall nol tonst a warwr of the ngnt to e~NtrSe the Sane In the event 01 supseQUSnt default. A1ttr malurrtY both Prmupal anu attrueu ,DtereSt shall pear mlereSt at turo pN annul untN paid. Th! rrsakers and endorsers of this not! /nether waive demand, notice of non-payment and protest. It this note t q~Iw~tY and IM sarr,e rs placed wrtA an attorney for cOrleclron, the makers and MdorserS hereol agree to OaY ill costs of COIIeCt~Orr, rntl ail COUr L rW .easonaple attomay tees. S J 1 J - - ISEAL) Z- Its: Pees ant r'~ ISEAL) S and shall duly, promptly and fully perform. discharge, execute. effect, complete, comply with and abide by each and every the stipulations, agreements, couditiolls and covenants o[ said promiswry note and of this mortgage, then this mortgage and the estate hereby created shall cea~.e anti be null at:d void. : 1 It is understood that each of the; words, "note;' "mortgagor" and "mortgagee" respectively and the pronouns referring 'y thereto, whether in the singular or plural anywhere in this mortgage, shall be singular if our only and shall be plural jointly ~ and severally, i[ more than one, attd shall be masculine, feminine attdlor neuter, wherever the context so implies or admiis. i And said Mortgagor for himself and his heir, legal represenwtives, successors and assigns. hereby covenants and agrees to and with said Mortgagee. his legal representatives, successor and assigns: I. To pay all and singular the principal and interest and the various and sundry sum, of money payable by virtue of said promissory note. and this mortgage, each and every, promptly on the days respectively ehe same severally become due. 2- To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and hind now on said described property, author that hereafter may be imposed, suffered, placed, levied or assessed thercuprm. and/or that hereafter may be levied or assessed upon this mortgage and Joe the iudcbtedncs secured hereby. each and every, j when due and payable according to law, before they become delinquent, and tx•fore ana• interest attaches r,' any penalty is incurred: and in so tar as any thereo[ is o[ record the same shall be promptly satisfied and dixhar};ed of record and the or- iginal official document (~.udl as. for instance. the tax mceipt or the sati•(action payer officially endorser) or certified) sits)) be placed in the hands of said Mortgagee within ten days next after p:r}ment: and in the event that auv thereof is not so paid, satisfied and dixharged, said Mortgagee may at any time pay the same or any part thereof without waiting or atfect- j iugrny option. lien, equity or right under or b} virtue of thts mortgage. and the full amount of each and every wch pay- ! meat shall be immediately clue and parable and shall bear interest from the date thereof until p:,id at the rate o[ ten per centum per annum sad together with such interest shall be secured by the lien o[ this mortgage. 3. To place and continuously keep un the buildings now or hereafter situate on said land fire al:c) witad•torm insur- ance in the usual standard polin• form, in a sum not less than the Iri;;hest insurable calve, in such rnmpany or companies as may be approved by said Mortgagee: and all such insurance policies ou any of said buildings, any interest therein or pare thereof, in the aggregate wm aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the loss under said policies, each and every, payable to said Mortgagee as his interest may apl,ear, and each and every such policy shall be pmmptly delivered to and held by said Mortgagee: and, not less than ten days in advance of the expiration of each ),nifty, co deliver to said Mortgagee a renewal thereof, together with a receipt fur the premium of such renewal: and these shall be no such insurance placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loss payable as aforesaid: 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 on account of the indebtedness secured hereby or to permit said ~tortga- gor to receive and use it or an}' part thereo[ for other purposes without thereby waiving or impairing any equity. lien or , right under or by virtue o[ this mortgage: and in the event said Mortgagor .hall fur any reason fail to keep the said premises ! so insured. or fail to deliver pmmptly an}' of said policies of insurance to said Mortgagee, or fail promptly to pa}' fully any premium therefor, or in any respect fail to perform, discharge. execute. e((ea. complete. comply with and abide by this cot- avant, or any part hereof, said Mortgagee 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 full amount of each atld every such 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 of this mortgage. 4. To permit, commit or suffer no waste, impairment or deterioration of said propert}• or any part thereof. 5. To pay all and singular the costs, charges and expenses, including reasonable lawyers fees and cost of abstracts of title, incurred or paid ac any time by said Mortgagee beca»se and/or in the event of the failure on the part of the said ~(ortgagor 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 promissory note, and this mortgage, any or either, and said costs, charges and expenses, each and every, shall be immediately due and payable, whether or not there be notice, de- mand, attempt to collect or suit pending; and the full amount o[ each and every such payment shall bear interest ftan the date thereof tmtil paid at the me of ten per centum per annum; and all said costs, charges and expenses so incurred or paid. together with such interest, shall be secured by the lien of this mortgage. 8340 Pd~ElOZ6 :