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Home My WebLink About2840~ s .bo,.oon.on..---------- _Decetlbc:r. 10, ~~ ao FOR VALUE RECEIVED, tM vndersi,ltod, ieiMly and sovoally, PROMISE TO ftAY to tM order of .; _.JOHN _-J ._- GARRITY_,_ JR ~_~---_~I~~ -NnRMA .GARRITY a h1 S wi f l~- - - -. - -- _. ;: ---------------Sixty..Th4~.si3nd..~O~..1dT'~..dfaS1---114 CentS------------------ DOLLARS, :~ at 102 F14ri~t-Ave[luC. BHdu Rivc3ge West, Stuart. Fla.. 33494 or wch other place as the holder ~ hereof Iway N in writirto tooothur with inbnst frem . ddte ShOWn dbOVe at the rah of 1 ---~--- - --- per nMvm per annvel en the unpaid balance until maturity. The said principal and interest shall :~ be duo end payable as follows: 5654.21 a marth, the first payment being clue one month ;. from the date shown above, and continue u:itil the sixtieth payment whet ;: the entire balance of principal and interest remaining unpaid shall be t ;: come payable in fu11.THIS NOTE MAv AE PREPAID AT ANY TIMF. tti'ITHOi]T PENPLTY. ~~ ~ ~; ---THIS I" A BALLOON NOTE--- :~ ti ~~ N dalavh M wads ter 3 o dart iw tt+e paywawt of any iwttaMwrewt of ~r~wciPal er iwhrast er any ~stt tMreet, IAe urMle avw tAaw rarwaiw:wN ~ .` wwPaid vritlt iwlantt aAall at Midst's e'tiew -acawa dw and Gaya-la w:tAeet Mtica. Failvra to •aaraN aech eptiaw aAaN wet cewstitWe • ~raivar s/ 1M ~. ` .yAt to a>,etcwe tIN sawn iw fIN avant el teVtatlwwt dafawh. After watwNp MM Pnwcipal and accrued iwtaratt aAall Mar iw/erast N 12 1~2rr cawt+tw ;• par awittrw will laid. TM twakan and awdarsan of tins wete tertAer ~raiaa dawand. Mtica o1 new*a~wiawt and ~retatt. N this weN is wet 'aid N ~` rwahrrity and H» sane is ~lacad ~eitA aw atterwar fer celMct:ew, tM wa~art and awdaraan t•arael aurae to day aN ceata e1 cellactiew, ieclirliwa all cant ~~ `. coda and naaeuble etterwer taea. ~a .` ~~ ~` `~ ~` ~` ~` ~` ~ .` - -• • - - -- - - (SEAL) ~~ •` i ~~ Z ;: Attest: - (SEAL) .~ `~ - - ---- --- - - - - _ - - (SEAL) .• ~~i~i~i~Yi~i'~S~I*i4~/i~i~i~i~i~i~i~i~i~i~i~i~i~i~i~i~i :~i~i~i~iai~f i~i~i~i~i~iai~i~•~i~i~i~i~i~iii~• iii :!~iiaiaia.~i~•ai i •••~iaii •~iai~i~i~i~~~i~i~i~i~i~i~i~.~i~i~i~i~i and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the st,pu:auons, agreements, conddu,ns and covenants ut said promissory note and of ttus mortgage, then this mortgage and the estate t:ereby creatcYt shell cease and ire null anu t•oni. It is understood that each of the words. "note." "mortgagor" and "n+oRgagee" respectively and the pron- ouns refernng thereto, whether in the singular or plural anywhere in this mortgage, shall be singular if one only and shall be plural jointly and severally, if inure than one, and shall he tnagc•uline, feniinirte and; or neuter, wher- ever the context ao implies or admits. Md said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby coven- ants ana agrees to and with said Mortgagee, his legal representatives, successors and assigns: 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by virtue of said promissory note, and this rortgage, each and every, promptly on the day, 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, andior 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- ness secured hereby, each and every, when due and payable according tq law, before they become delinquent, and before any interest attaches or any penalty iv incurred; and in so far a.9 any thereof is of record the same shall be promptly satisfied and dischar~rd of record and the onginal official document lsuch as, for instance, :he tax receipt er the satisfaction paper officially en~inr:ied or c•ectifiedi 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, satisfied and discharged, said 1-tortgagee may at any Ume pay the same or any part thereof u-ithout wanting or affecting any option. lien. equity or right under or by ~•:rtue o[ this mortgage, and the full amount of each and every such payment shall be immediately due anal pay:~h.e and shall treat interest from the date thereof until paid at the rate of ten per centum per annum and together K'ilh such interest shall be secured by the lien o[ this mortgage. 3. To place and continuously keep on the buildins;a now or hereafter situate on said land fire and windstorm insurance in the usual standard policy form, in a sum rant less than s ~o,.oQO.oO ................. 1n such com- pany or comer nits as may be approved by sai4 111ort;;a~~•e: and all such insurance policies on any of said build- ings, any interest therein or part thereof, in the nt:t;rcg:ite sum aforesaid or in excess thereof, shall contain the usual standard mnrigagee clause making the h~~y urdrr Said pohctrs, each and every, payable to said I-tortga- gee as his interest may appear, and each ar•.d eee: y sn~ h policy shall be promptly delivered to and held by said Mortgagee; and, not less than ten flays in ad~•ance of the Pxpirahon M each policy, to deliver to said Mortgagee a renewal thereof, together with a receipt for the premium of arirh renewal: and there shall be no such insur- ance placed on any of said buildings, any intc•resi therein or part thereof, unless in the form and with the loss payable as aforesaid: and m the event tiny 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 rase it or any part thereof for other purposes without thereby waiving or impairing any equity. lien or rght under nr by virtue of this mortgage: and in the event said Mortgagor shall for any teases [ail to keep the said premiars sn insured, or fail to deliver promptly any of said policies of insurance to said :Mortgagee, or fail promptly t~ pay fully any premium therefor, or in any respect tail to per- form. discharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said ~tortg- agee may place and pay for such insurance or soy part thereof without waiving or affecting any option. lien, equity or right under or by virtue of this mortgage. anal the full amount of each and every a+ich payment shall be Immediately due and payable and shall bier interest from the date thereof until paid at the rate of ten per centum per annum and together with such interest strap be secured by the lien of this morlgage. 4. To permit, commit or suffer no a•~9te, impairment or deterioration of said property or any part thereof. 6. To pay all and singular the costs, charges end expenses, including reasonable lawyet'e tees and cwt of abstracts of title, fncurred or paid at any time by said l-tortgagee because andior In the event of the failure on the part of the said Mortgagor to duly, promptly and fully perform, discharge, execute, effect, complete, rnmply with and abide by each and every the stlpulationa, agreements, conditions and covenants of said promis- sory note, and this mortgage, any or either, and said costs, charges and expenses, each and every, shall be Im- mediately due and payable, whether or not there be notice, demand, attempt to collect or cult pending: and the full amount of each and every such payment shall bear interest from the date thereof untU paid at the rate of ten per centum per annum: and all eafd cwts, charges and expenses ere incurred or pall. together with such in- terest, shall be secwed by the lfen of this mortgage. r -- ~:; a~~344 P~~2833 ~._~~-