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Home My WebLink About1715S- 9~~0:~ --- - STUART, Florida,D~O~IDbAr-- ---- - ~ 19 8O FOR VALUE RECEIVED, the u~dersigned, jointly and severally, PROMiSE TO PAY to the orde~ of --- --~#F~ATI_Y.~_HOI[B8_--HY.-~LT$,IaB-,----~NG+---------- ---- -- ---- --------- ------ ----- - ----- - ---- -- -----Hi~--TS4~18~I1II--AI+ID--.HO~-100-~~- - ~...r..~..~:----------- -- -- DOIIARS, at _.___~~g~__~'Ota1..$BBZ.__$trO~tT---Fpl~--g~-; -j~a{~ F~a~ or suc'~i ot~ier pTace`as the holder hereof may designate in writirtg, together with interest from date af the ~ate o~9~~~ ._ per cemum pe~ annum on the unpaid bala~ce until maturity. The said principal and interest shall be due and payable ~~ ~OllOw~: =139.13, inaluding int~rest, !or a9 monthe. Baab moattily payment ehali bs iiret applied to latereet and the balanas thea applied to prinaipal. 60 inonthe lrom date~ the remainin~ prinaipal balanae~ togethsr with aaarued intereet, will be due and paysbls in lull. Ii delaull be ma~ fp 30 daYS in Me p~vm~nf ot any inat~llenent o{ pincipal or ~ntaett or any part rhereof, rhe whote wm rhen .eTa~~,nq ~ unpa~d w~rh ntereet sl+all ~t Aolder's op~ion bscom! dw aod paY~bk witAoat nouc~_ Fador~ to eatrau iuch op~ioe ahall npt cQ(`~t~1e • Wd~vN of rhe nqA~ - ~o eae~oae the san+e in th~ even~ o( wbspxnt defaul~. Afeer re~turity boiA pinup~l and xcrwd ietsres~ ~hall bear ~nreres~ at l(~ per ceetum per enn„m . unn! paid. The msle~s ~nd endorse~s of ~his note (~r~her w~~w dem~nd, notiq of non.paymd~- snd proeest. If ~h~s no~e ~a no~ p~id ~~ rnafur~r~ and tA~ same ~s • plac~d w~rh an anorney fw cdhcnon, tM m~kas ~nd endor~r~ Mnof ~prN b P+y all costs of coll~ction. incl~d~n9 ail courr coses ~nd reason~bt~ a~~wney fees. If any poyment is peid more fhon 10 doys ofter due fhen, in odd~tion fo sn~d poymenl, the moker sholl poy o LATE CHARGE of 5°., of ~F,e pcyment due -' cr 55.00, wh~chever n less. Th~s provnan sholt not be construed to mod~ty the defoult p.ov~srons herem w the ~nrerest due olte~ defo~,h. Tais ia e sei.r~oox xoms. ~ _ __1_sl__. x .___ w .___ Schmahl,_ _Jr . (SEAL) --------------------~5~-- ~argot -ROHL---- - iSEAI) . l : ~ :r~+~:wMh'hr}{ : . : : .k'w:~.'M.''~~+}a•+}ti'-+.ti~:-:-s'«: ': ~ : . . . . . . ~, . . : hti-:•s :-:r: L : . : ~~ h'w~.'~C-:-~:»:~4 : . : v 7~ and shall duly, promptly and fully perform, diacharge. execute, eftect, completP, comply wlth and abide by ea~h and every the stipulations. agreements, conditions and cqvenants of said proirussory note and ot thia mortgage. then thia mortgage and the eatate hereby created shall cease and be null and void. ~ It i~ understood that each ot the worda, "aote," "mortgagor" and "mongagee" respectively and the oron- ouns rnferring thereto, whether in the singular or plural anywhere in thle mortgage. ahall be eingular if one only and shall be plural joinUy and severally, if inore than one. and shall be masculine, feminine and/or neuter, wher- ever the context so implies or admits. Md sald Mortgagor for himself and his hetre, legal representaUvea, auccessoi~s and assigne. hereby ooven- ant~ ana sgrees to and wiW aaid Mortgagee. hia legal representstives, successors and assigns: 1. To pay all and aingular the principal and interent and the vatious and eundry auma ot money payable by virtue of aaid promisaory note, and this mortgage. each and every. promptly on the daya sespectively the sams severally become due. 2. To pay aU and singular the taxea, assessments, levies, liabilities, obligations and incumbrances ot every nature and kind now on said described property, and/or that hereaiter may be imposed, auftered, placed, levied or assessed thereupon, and/or that hereatter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby. each and every, when due and payable according tn law. be[ore they become delinquen~ and befoce any interest attaches or any penalty is incurred; and in so far as any theceof ia o[ te~rd the same shall be prompUy satisfied and discharged of record and the original official document (such as, for instance, Lhe tax receipt or the satisfactioa paper officially endorsed or certifiedl ahall be placed in the hands of said :V[ortgagee within ten days neat after payment; and in the event that any thernof is not so paid, satisfied and discharged, said Mortgagee may at any time pay the same or any part thereof v-~ithout wai~~ng or affecting any optiDn, lien, equity or right under or by ~•irtue 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 rate of ten per centurn per annum and together with such interest shall be secured by the lien of this mortgage. 3. To place and continuously keep on the Duildinga now or hereatter eituate on said land fire and windstorm insurance in the ~tual standard policy form, In a sum.not less than =.__~QSXlII]UIIl ................................ fn such com- pany or cump^nies as may be approved by said Mort~agee; and all such insurance policies on any of said build- ings, any interest ther~ein or part thereof, in the aggregate aum atoresaid or in excess thereof. shall contain ths usual siandard mortgagee clause making the los~ ur.der said policies, each and every, payable to said I-iortga. gee as his interest may appear, and each and e~•ery such policy shaq be promptly delivered to and held by said Aiottgagee; and, not less than ten days in ad~•ance of the expiration of each pol3cy, to deliver to said btortgaRee a renewal thereof, togeiher with a receipt for the premium of such renewal; and there ahall be no such insur- ance placed on any of said buildings, any inierest therein or part theceof, unless in the form and with the ioss payable ae aforesaid; and in the e~ent any sum of money becomes payable under such pollcy or policies said Mortgagee shall have the option to receive and apply the same on account of the indebtednes~ secured hereby or to permit said Mortgagor to recelve and use it or any part thereof for other purposes arithout 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 reasoh fai! to keep the said premises so lnsurrd, or fail to deltver prompUy any of said policies ot insurance to said 1liorigagee, or fail pnnmpUy to pay [ully any premium therefor, or in any respect fall to per- form, discherge, execute, etfect, complete, comply with and abide by thia covenant, or any part hereof. aaid Mortg- agee 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 o! this mortgage, and the full aqnount of each and every auch payment shaII be immediately due and payable and ahall bear interest from the date thereof until paid at the rate of ten per centum per annum and together with auch . interest ahall be eecured by the lien ot tfiia mottgage. 4. To permlt, commlt or suiter no waate. tmpairment or detertoratlon of sald property or any part thereot. 6. To pay all and singular the coats, charges and expenses, includ3ng reasonable lawyer's fees and cwt ot abatracts o! tltle. fncurced or paid at any time by eafd Mortgagee becauae and/or tn the event of the failurs on the part of the said Mortgagor to duly, pmmptly and fully perform, dlscharge~ euecute, eifect, complete, comply wlth and abide by each and every the atlpulaUons, agreementa, conditloas and oovenante of asid promis- sorq note. and thia mortgage, anq or etther, and said costs, charges and expenees, each and every. shall be !m• medlately due and payable, whether or not there be notice. demand, attempt to ooUect or suit pending; and the full amount o[ each and every such payment ehell bear interest from ths dste thereof unttl pafd at the tste o! ten per centum per aiu~um; and ali safd coste, chargq and expease~ w lncurred or•pald, together with such fn- ter~t, ~ha11 be ~ecured by ths liea oi thia mostgaga a~,oK 3~6 PAGt 1711