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Home My WebLink About1799s____ 20, 000^00 _____ STUART, Florida, __._. ~~~ 8 1980___ ------------------------ FOR VALUE RECEIVED, the undersiQn~ed~,11'oint~lY ~aan~~~d severally, PROMIS TO PAY to the order of___._________.. ______________________ D080-IfIY M. SAQtS and G[~ F. s~3cs, her iia~on, as oint tenants with right of survi~*orsl ---- --~IWI~Tl'Y ~IO~[xSAi~ID AND NO 00---- _~----~_.----- -20,0~0.00~= _~_~~._---- --~---.._'__DOIIARS, at Apt. _[}10~.~~)c~~~~.~,;y~ Stuart~__ Fly. _ _ 3344A stxh other place as the holder hereof may designate in writing, together with interest from date at the rate of __. 14__.____ per centum per annum on the unpaid balance until maturity. The said principal and interest shall be due and payable in ei~ilal monthly in- stallments of $310.54; on the 8th day of January , 1981, arld a like alrount on the same day of each lronth thereafter t 1 fully paid. Each installment payment shall be applied first bo accrued interest, and the renainer, if any, tD principal. Zl~le tmder- siglled shall have the right ~ p-repay this Note, either in whole or in part, at any time without penalty. 11 defauh M made fa ..__30 days in tM wyntenf of atiy irytalltnent of pincipal a intareat a athr part tMreof, the wheN awn then re~naiNitla ~n+wid with inNrest atoll at Aoida-'a oopption baconta due and payabta without naia. Faihrra b eaMtiN aucA option shat) nor ccoo~pyy~~tuh • waiver of the r;ght ro -sorties dw Mme in tits avenf of subaepwnt default. Alter ntatu-ily bONt principal and accrwd inNrpt tMll bear ingteat at _.14 ___. par centuT par annwn until paid. ilre nrakars and endoraen of Chia note Rxthar waive denwtd, rrotip of non•payntattt and protest. If this noN is not paid N maturity and tM same is placed with en attanay for cdhction, tM raaken and endorsers hared sates to Pay all coats d aollattion, ~h+dyra all covet cwta and reaaanabN attorney feet. /s/Ai~IDRF~ni VAN DEI2 PLAATS . (SERI) /s/HEI~3d VAN LlQt PLpiATS -------------------------------- (SEAL) and shall duly. promptly and fully perform, discharge, execute, effect, complete, wmply with and abide by each and every the stipulations. agreements, conditions and covenants of said promissory note and of this mortgage. then fhb mortgage and We 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 it one only and shall be plural Jointly and severally, it more than one, and shall be masculine, feminine and/or neuter, whe~- ever the context so implies or admits. And said Mortgagor for himself and his heirs, legal repreaentativea, successors and assigns, hereby coven- ants aria agrees to and with said Mortgagee. his legal repreaentativea, successors and assigns: 1. To pay all and atngular 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 Ne 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, Buffered. placed, levied or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby, each and every, 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 rernrd the same shall be promptly satisfied and discharged of record and the original official document (such aa, for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, aatbtied and discharged, said Mortgagee may at any time pay the saute or any part thereof without wai~•ing or affecting any option, )ten, 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 payabte 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. $. To place said continuously keep an 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 =..~0_,.~OQe.O.Q ................................ in such com- pany or companies as may be approved by said Mortgagee; and all such insurance policies on any of said build- ings, any Interest therein or part thereof, in the aggregate sum aforesaid or in exceu thereof, shall contain the usual standard mortgagee clause making the loxs urdt•r said policies, each and every, payable to acid Mortga- gee as his interest may appear, and each and every sut•h policy shall be promptly delivered to and held by said Mortgagee- and, not less than ten days in advance of the expiration of each policy, to deliver to said Mortgages a renewal ~thereot. together with a receipt for the premium of strtr•h renewal: and there shall be no such insur- ance placed on any of said buildings, any interest therein or part thereof, unless in the form and with the loan 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 Mortgagor to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity. Ifen or right under or by virtue of this mortgage; and t the event said Mortgagor shat) for any reason tail to keep the said premises so in.4urcd, or fail to deliver promptly any of said policies of insurance to said Mortgagee, or fall promptly to pay fully any premium therefor, or in any respect tall to ptr- form, discharge, execute, effect. complete, comply with and abide by this covenant, or any part hereof. said Mortg- agee may place and pay for ouch 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 and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rite of ten per centum per annum and together with such Interest shall be secured by the Hen of this mortgage. 4. To perrrlt, commit or suffer no waste, tmpairmeat or deterioration of said property or any part thereof. 6. 1b pay all and singular the costs, charges and expenses, includ-ng reasonable lawyer's fees and cost of abstracts of title. incurred or paid at any time by Bald Mortgagee because and/or to the event of the failure as the part of the said Mortgagor to duly, promptly and Nlly peKorto, discharge, execute, eKect, completq, comply with and abide Dy each and every the atfpulations, agreements, conditions and covenant of said promis- sory note, and this mortgage. any or either, and acid costs. charges and expenses, each and every. shall be im- mediately due sad payable. whether or not Here be notice, demand. attmpt to collect or salt pending; and the fu1! amount of each and every such payment shall bear interest from the dot thereo! until paid at the rate otT too par centum per annum- and all said coal, charges and expenses ao incttrtted or paid, together wrftb such io- tr+at, shW bs secured by the ilea of fhb mortgag+s. ~__ , - - Bo~~44 P~F1`799 -w-