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Home My WebLink About0711 t j i :ti' 30 OOO.QO _ STUART Florida ~'f'~r 21 80 j. FOR VALE ••D, t e un er~gp int apd sisverall~aRO~ SaE TO ,PAY to the order of. ~fiirty'ltia_asarid aliui i~otJYt1~O_----------.~------ --•M~~ - -M----.._ _ . ooltARS 'i~ at _..._~.7_~.-~j~_$~s:..~?~p.-QQ~tQ41s..~F!..I€~~Yr._O$Q08~ or such other place•as the holder hereof may designate in writing, together with interest from date at the rate of .~2_...__ per centum per annum on the unpaid balance until maturity. The said principal and interest shall be due and payable as ft~.llows } Zhe entire principal aintmt of $30,000.00 together with accrued interest at i rate of 12$ shall be due and payable . on February 1, 1981. Prepay[[~rlt in whole or part may be made at arty time after January 1, 1981, without penalty. ; ~ v If de/avlr bt .wade Ia l5 days in rM payment o/ am imraltrnenr of sin:~aal or inrerarr or any o+.r MeraoR the wlale swn IhM ..ean+ininq - vea+~d with ~nrerert shall N holdei + eeppr~on becd??e dde and payable w~ttwut na~e.ce- Fa~l„+e ?o e.acs~ txw op?.on snai~ nor co, trM a wager of rM a9r?? ro eaarcise Me ama in M?e evonl of subseq-,rent defwlr. Afrer nutwiy boM pincipal and accrued inle.eat mall bear iwteretr at 1~~.: per centwr? t?et annwn ~nr:? paid. Tt?e makers and er?dorsers of this note fwtAer www dewand, facia of nonpayment and prolett. If This no?e a rqt paid at ?warw~ty and tl?o sarue is placed with an atar?rey for oalfection, ~ n?akw+ and endoner+ f?ereo! ae?eo a P+Y all cotes of collection, includino all towf cosh and reasonable attorr?ey fees. if orw poyn?lrrf is poid hart thou 10 dogs char dw tt?ar?, in oddition to sad poyment, the r??oker slap poy o IATE CHI?RGE of S9~ of ?tro poyment dw t w SS.00, whichevsr is less. This prwisan rt?oll not be construe0 fo rtrod?fy Me default p.ov?sans hsreur a the w?terest drq offer de Daft. M. A. 1JIQ~LSII~T RFI~LTY COF~. ~ BY -S vim/ ~ 1~, /V/l~ ~'GStr•N U ; i'+esiTen'~ (SEAL) ::w ~t 3 E i and shall duly. promptly and fully pesform, discharge, execute, effect, comptetp, comply with and abide by each and every the stipulations, agreements. conditionu and covenants of said promissory note and of this mortgage. then this mortgage sad the estate hereby created shall cease and be null sail void. ~ j It is understood that each of the words, "note." "mortgagor' and "mortgagee" respectively .and. the pron- ouns refemng thereto, whether in the singular or plural anywhere In lhts mortgage, shall be aingutar if one only and shall be plural jointly and severally, it mare than one, and shall be masculine, feminine and/or neuter. wher- ever the context so implies or admits. Md said Mortgagor for himself and his heirs, ltgal representatives, successors and assigns, hereby coven- ants ana agrees to and with said Dortgagee, his legal representatives, successors and assigns: i. To pay all and singular the principal and interest and the various and sundry sums of money payable by vlrttle of said promissory note. and this mortgage. each and every, promptly on the days respectively the same severally become due, . Z. To pay all aad singular the taxes, assessments, levies. liabilities, obligations and Incumbrances of every nature and kind now on said described properly, and/or that herea[ter~ may be imposed. suffered, placed, levied ~ or assessed thereupon. and/or that hereafter may be Irv red or assessed upon this mortgage and/or the indebted- ness secured hereby, each and even, when due and payable 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 shall be promptly satisfied and discharged of record and the anginal official document (such as, for iltstance, the tax receipt or the satisfaction paper officially en~iors~~d or rertified? shall be placed to the hands of said Mortgagee within ten days next after payment; and ici the event that any thereof is not so paid, satisfied and discharged, said Mortgagee may at any time pay the same or any part thereof without waiving or affecting any option, lien, equity or right under or by viriiie n[ this mortgage, and the full amount of each and every such payment shall be immediately due and payab:e and shall bear intemst from the date thereof until paid at the rate of ten per centum per annum and together with such interest shall be secured Dy the lien of this i mortgage. 3. To place and continuously keep on the builcfiti>;s now or hereafter situate on said land fire and windstorm Insurance in the usual standard policy form, in a sum not less than S . ~a~r- ~..~T.~i., !n such com- pany or comp^nies as may be approved by said J?lnrt;,•a~ce; an~i all 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 ling urd~r sscid policies, each and every. payable to said 1?tortga- - gee as his interest may appear, and each aryl Pve: y stu•h policy shall be promptly delivered to and held by said 1?[ortgagee• and, not less than ten days in nd.•ance r?* the expiration of each policy, to deliver to said biortRagee i a renewal thereof- together with a receipt fr?r the premium of Qu~h renewal: and there shall be no such insur- ance placed on any of said buildings, any tntrrest therein or pare thereof. unless in the form and with the loss payable as aforesaid; and in the event any sum o[ money becomes payable under such policy or policies said Mortgagee shall have the option to receive and app!. the same nn account of the indebtedness secured hereby or to permit said 3iortgagor to receive and ace 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 1 for any reasc?a fail to keep the sai?! pr•~ntig~s so in=itrcA. or fail to deliver promptly any of said policies of insurance to said 1ltortgagee. or fail promptly to ply [ally any premium therefor, or in any respect fail to per- form, discharge, execute, effect, complete. comply with and abide by this covennfit, or any part hereof, said 1ltortg- ~ agee may place and pay for such insurance or any part. thereto a•ithnut waiving or affecting any option, lien, l equity or right under or by virtue of this mortgage. at~d the full amount of each and every such payment shaII I be immediately due and pa~•able and shall bear interest from the date thereof unt11 paid at the rate o[ ten per centum per annum and together with such Interest shall be secured by the lien of this mortgage. ~ To permit, commit~or~sutfer no waste, impairment or deterloratton of safd property or any part thereof. 6. To pay all and singular the costs, charges and exp!nses, including reasonable• law-yer'a tees and cost- of abstracts of title. Ineurrecl nr paid at any time b}• said I?fortg!sgee because and/or to the event of the failure on the part of the said I?fortgagor to duly, promptly and fully per[orrin. discharge, execute, effect, complete. comply with and abide by each and every the stipulations, agreements. conditions and rnvenanis o[ said promis- sory note, and this mortgage, any or either, and said cots, cha?t;e3 and lapin:!:, each and every, shall be Im- mediately due and payable, whether nr not there be notice, demand. attempt to collect or suit pending: anA. the full amount o[ 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 said costa. charges end expenses an lncurrcd or paid, toge4her with such In- terest, shat De secured by the Uen of this mortgage. - ? I 1 BoflK341 P~ ?11 - . . r ~ - _ _ . - ~ lY _