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Home My WebLink About1718 tiWh1•ti'w'h1ti~~~'~~'h~h+v'h~+tivw+~'W~~•Pi~3~htiti'~+?~?+?ti'fi~tiiMO•~~J•~?~h+~~+~fi~~~k-~a~++~+1~•C~ti.}~~vhti~fiti~~ti^~ti~ ~ ? _129, 000.00 ~ STUART, Florida, October -1.? - - _ 198.. FOR VALUE RE~EIVEO, the undersigned, jointly and severally, PROMISE TO PAY to the order of.. 1 Catherine G. Ryan,___-___-_-___ ONE HUNDRED TjYENTY ~~~~__~HQ~JSAI~11?__ANII_.HQ/.1Q0~~-~-~~~~'-'7 +.~-w~www.ww.~~w...w~.._____ .WLLI1Rc- at >iiA 3051__310Q_P~'yi~~t,~,~_,__~Ip~_,~~_~~~g,--_33q~______ __or such other place as the holder ti- hereof may designate in writing, together with interest from date at the rate of . 13.__._... per centum per annum on the unpaid balance until maturity. The said principal and interest shall be due and payable aS f Ollows ' $ 29.168.29 including interest, on0etober 21, 1981 and then . 29 ,168.29 , includ ng nterest. on October 21 of each y?car thereafter until the principal sum has been paid in full. Each annual payment shall be first j applied to interest and the_balance then applied to principal. This note may not be prepaid prior to January 5, 1981. Interest shall accrue from i and including October 21 1980. 11 defwlt be .nod! for 3.0-- dm in p.yment of any instd4nent of principal or intNeit or any part thereof, the whole sum then renyininp unpaid with interest shall at holder's option become due and payable without notice. Failure to ucarcise sudti eption shall not c s uM a waiver o1. the right to esacise 1M same in the evert of s ep:Nnt default. Afrer matwiry both pincipal and actrwd interest sl+all bear interest at per ctntwn per annum t; until p+id. tfie makers and endorsee o/ this rota furlMr waive demand, notice of nonpayment and proMd. If ehy note is cwt paid at ns.n,rity and tM same is p4cad with an atrornry for cotMctim, tM makers and andasars hereof apnea b pay all costs of coihetion, including all cowl cosy and reasonabb attorney tees. If ar?y poymenf is poid moo thou 10 days offer due then, in oddition to acid poynsent, the cooker sl+oll goy o LATE CHARGE of S?' of the poymer?t dw a 5.00, whichevr. is tas. This proviswn sholl ref bo tasstn+ed to modify the defoulf provision herlus or tt~s interest due oNer de~'oult. - SHOP & ,.INC. Y r ....(SEAL) ---By' i,c'~~~ f~__'-----------------------__- (SEAL) - s ~r i ~:y~ . ~ es~en~~,~~ and shall duly. promptly and fully perform, discharge, execute, effect, complete,. comply with and abide by each and every We stipulations, agreements, conditions and covenants o[ said promissory-note and of this mortgage, - then this mortgage and the estate hereby created shall cease and be still and vad. - It is understood that each of the words, "note," '•mortgagoY' and "mortgagee" respectively and the pron- ouns referring theret0. whether In the singular or plural anywhere in thfa mortgage, shall be singular If one only and shall be plural jointly and severally, it more than one, and shall be masculine, feminine and/or neuter. wher- ever the context so implies or admits. And said Mortgagor for himself and hie heirs, legal repreaentativea, successors and assigns, hereby coven- ants ana agrees to and with said Mortgagee. his legal r~preaentatives, successors and assigns: 1. To pay all and sUlgular 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 tbs same severally become due. 2. To pay all and singular the taxes, asses.4ments, levies, liabilities, obligatioru and Incumbrances of every nature and kind now on said described property, and/or that hereafter may be imposed, suffered, placed, levied or assessed thereupon. and/or~that hereafter may be levied or assessed upon this mortgage and/or-the indebted- peas secured hereby. each and every, when due and payable according to law, before they bernme delinquent, F and before any interest attaches or any penalty is incurred; and in so tar as any thereof is of record the same j shall be promptly satisfied and discharged of record and the onRinal official document (such aa, for instance, Lhe. tax receipt or the aatiafaction paper- officially emiorsed or certified 1 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 dlacllarged, said Mortgagee may at any time pay the same or any part thereof without waiving ar affecting any option. lien, equity or right under or b~• virtue o[ this mortgage, and the ~ full amount of each and every such payment shall be immediately due and payable and shat! 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. 3. To place and continuously keep on the bu,ldinga now or hereafter actuate on said land tine and windstorm Insurance in the usual standard policy corm, in a sum not less than i _ In ouch com- pany or comp^nies as may be approved by s.•ti,l llinrtgagc•e: anri all such insurance pnlic[es on any of said build- ings, any interest therein or part thereof, in the ngl;rrga:e sum aforesaid or in excess thereof, shall contain tSte usual standard mortgagee clause making the U~ss urri~r sa?d policies, each and every, payable to acid MortgaF gee as his interest may appear, and each at:d e~•ery si,~•h policy shat! be promptly delivered to and held by said Mortgagee; and, not less than ten days in adt•anre of the expiration et each policy, to deliver to said Mortgagee a renewal thereof, together with a receipt for the premium rsf inlrh renewal: and there shall bC no such insur- ance placed on any of Bald buildints, 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 s»ch policy or polieiea 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, lien or right under or by virtue of this mortgage: and in the event said Mortgagor shall for any reason fail to ke9p the said prentiees so insurt•d, or fail to deliver promptly any of said policies of i insurance to said I?tortgagee, or fail promptly to pay fully any premium therefor, or in any respect fall to per- form. discharge, execute, effect complete, comply loth and abide by this covenant. or any part hereof, said Mortg- agee may place and pay [or such insurance or any part thereof without waiving or affecting any option, lien, equity or right under or by virtue et this mortgage, and the full amount of each and every such payment shall ~ 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. i 4. To permit, commit or suffer .no waste, impairment or deterioration of said property or any part thereof. i 6. To pay aD and singular the costs. charges and expenses, including reasonable lawyer's tees and cost o! abstracts of title. Incurred or paid at any ttme by said Mortgagee because and/or 1n the event of the failure on the part of the said Mortgagor to duly, promptly aad hilly perform. discharge, execute, effect. complete. comply with and abide by.each and every the atfpulatlons, agreements, conditions and oovenanb of said promis- sory note. and this mortgage. any or either, and said costs, charges and expenses, each and every, shall bs Im- mediately due and payable, whether or not there be notice, demand, attempt to collect or salt pending; and the full 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 costs, charges and espeasss so Incurred or paid, together with such tu• terest, Shan be secured by the lies ofthis_mortgage. ~ E 80GO1R(~~ PdGEi~~.3 . . - ! _ ~ ~ -