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~ STUART, Florida, ~~~~'~'`"' = 1981 ~
:~: S 21, OOD..OII._.._._
': FOR VAIUE RECEIVED, the undersigned, jointly and severally, PROMISE TO PAY to the o~der of ~
• I,~lIBBI.QM his__~ntif.e..-.- . - .
:: ;~I,~~__M.__~LN~BI~OM_.an.d..~TINE._E_..._ •--- -- .
y
;; '~`wenty_ One Tho sand__.and..No~100--.---.--_---------- f"'-"----'--- '- DouARS
~--------
~ ^~ S,~ _ ~., .. ~/ or suct~ other lace as the ho er
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._.. ~r _t_3~14-----~---------~. E_._~~ _..---..'`1.+~~--.~1_L~_ 1f.__- ~~~~rc~xatec~cxxxxxx~e~~aac~oa~cncRa~o~~eRx~e .
~:: ~,ereof may designate in writing, mpp~tb~e~9otC~axbeoC7Q~ ;
;;: x,~~k~o~tx~ytxv~Rut~ The said principal and interest shall bc due and payable as follows:
~:7~here shall be made initially 60 equal monthly payments of $200.00 each whicl
;~ ;ncludes interest at 1096 per annum, then commencing with the 61st payment ,
}.and continuing for 60 installment payments of $250.00 each including interes'
~;~~* 12% per annum shall be made, after which the entire principal balance
~:shall be due together with 1296 interest on the unpaid balance. Prepayment
~?~:nay be made in whole or part without penalty. The first payment due one
'~ ;lOTItfPM-i01I"tl!'rnlO~'M~"ln~o. """"" '"° _~~t/T~~natMWl~iTt~~~K~W~`oY7o-~!l~tArrihr`9MV ~I+e~eD"mi~'~A~F1i,~n W~ln ~er.+~'~
~~p p!r ten~.~ p~r tnn..m
,~ w~rA ~nter~at stidl at Aoldei s ophon b~caM dw and wr•bw w~lAouf no~~c~. Fa~1vr~ lo •^~ruf~ sucA oDf~o~ sh.~ll ncf c e a wa~+e. cl. ~h~ ~o ~
~e.cro+e th~ i~~n~ in tM ~va+t o1 wbseq:~~ d~Avlt. Alrer ~.w~~ro boM w~~c,wt ~nd Kt ~~n~olesLtMlt 1~a~no et~st~+ot pa~d at mae„n~~ and ehe se~~e .s
~~ ~ o~~d. Tn~ mden ~nd e.+dwa~rs o( Mh no:~ fwMe- w~iw dnn+nd. no~ia of non~pav~++M
~.~ced w~rh ~n uraney fw toihct.on. tM maka~ ~nd endaNn M~~ot aprN to P~Y ~Im to~4 Oi ~ker SIWIIMPGY'nvl~,1 E C~~ cose~ ~nd roason~bte ~~~aeey fees
o AT HARGE of 5^., ^~ '~^ Dav^'~^~ d~e
'~ ^n~ oovmcnt ~s [~~d more thon 10 doYS eftN d,e thr+. m odd~f~on to w~d DoY cnf. ht
•j' •r SS 00. rh~cMv r is tess. Th~a M ~s~on s.holl not De censtrued fo n+od~fy tht Aef It prov~sans he•e~n or the ~nterpt due afre. deloult
~i n~ ~ ~~ ~ ' -
l ~ `---~~~! t~ ~ ~ G-----,~ - --- ~~-~ - - -- ISEAU
:_ ~ . ~Y-- , f ~ --,
' ~ H I S I S A BALLOON MORTGAGE . , , ~ ~ ~_ ~ ~ ~ , .~ ~, ~ •_ ! (SEAL)
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and sh;il1 duly, promptly and fully ~+ertorm, d~scharge, ex~cut~, ef[rrt, eom~lotr, ~•~mpl,v vr~[h and abide by each
and ererv the stiputat~ons, agreemrnt~, cond~ti~,--s and covennnts o[ sa~d pn~:~l:s~ory note and ot tttis mortgage,
ehen this mortgage and the esta[e hereby created shsll cease and be m~ll ana ~•m~l.
lt ia ~mdcr~tood that each o[ lhe wt~r~ls, "notc," "mort~agor" and "mon~;ri~;~e" r~sp~~li~•ety and the pr~n-
oc~ns r.•fernng ihereto, whelher in the sin~~lar or ploral anyvvhere fn thla m~rtF.~Fe, shall be s~nbvlar f[ one only
and ~hall be plural jointly and severally, if more than one, wnd gh:tll he maaculine, fermnine and'or nPUter, uher-
et•er Lhe cnniext so impl~es or admits.
And eaid Mortgagor for himsell and his heiro, Iegsl representativea, auccesyora and a9si~u, herrby coven-
enta ann sgreea to and v~zth said biortgagee~ his legnl representat~ves, succ~a4ora and as9igns:
1. To pay all nnd sinRular the principal and intereat and the various and s~indry sums of money payable by
virtue of said promissory note, and th~a mortgage~ each and e~•ery, prompUy on the days resEsecuvely the aame
ae~•erallv become due.
2. To pap all and aingvlar the taxe~, asses.~m~nts, le~•~ea, liabilities, obli~aLons ui~d incumbrance~ of e~•ery
nature nnd kind now on said desrnbed property, wnd -or that hcreaftcr may Ge ~mpo9r~1, ~utfered, pla~ed, le~~rd
or assessed thereupon, and%or that hereatter m:-y br Ir~.~ed or ass~~c9ed u~x~n thi~ m~.rt~:iKe nml or lhe ~ndebted-
ness secured hereby, each and ever~, w•hen due wnJ payable acrardinr, to law, b~forc they become d~hnqurnt,
and betore any interest attaches nr any penelty iy u~curr~•~f; and ~n so far a~ any ther~o[ is of r~cord the sarne
Fhall be prvmptly satisfied and disrhar~ed of record :uid the ori~inal o[t~ci:il dn~•ument Isurh a~, for irstance.
.hP tax. receipt or the satis[a~ tion paper ofh~ially en~for:H•d or certl[~eii~ shall be plnced in th~ hand~ of s:uJ
\Sort~a~ee W~ihin ten days n~xt a[ter paym~nt: nnd in the c~•Pnl thnt nny therf~of ~s not so p:u~t, ssUsiie~f and
discharRed, said atortRaFee ma~• at any time pay the s.-mc ~r en}• ~art lherent vithnut w•ai~•in~ or a(f~~ct~ng
any optien, lien, equity or nght unA~•r ~r by ~-n~:ur of th~x-mortFa~r, rand th~ full mm~unt of ca~•h and ~~'ery
such pa~ment shall br immediatPly due an~! {~1y:~ble anJ ~h:il) benr i~t~r~•st frum [h~ dnle thereot until psiA
at the rate of ten per c~•nturn pcr annum :tnd t~~t;ethrr ~v~th s~erh intcrest ahttll b~• sc~'ure.i by the lien of th~e
mortgage.
3. To place and continuously kerp on th~ bi~~l~l~n~a m~w or hereatter altuate on satd land fire and ~rindstorm
fnsurance in the uQUal .:tandard poli~y forr:i, in a nirn n~t le~v thstn 5~11. lllSUl~~e Vd1Ue1n su~h c~~m-
pany nr comp~ at~s at may be wp, r~.eed ht sa.~l I-i~~rt;.•a~~•e: :~ml :-II VI1CI1 insur.-n~e ~~~l~ciea on wny of sn~d bu~ld-
ing~, any interest therein or part there~~f, in the n~~r~~;ale sum afornvsid or in excess therrol. ~hall contnin the
us~al star:dard mnrt~a~r~ ~lau~ makinR the I~~~v ur.d~~r s:ud ~x~Li~it~s, eai~h and e~'era•, pa~•able tn snid At~rt~;:t-
Rec ~~ hi9 ~ntFrest ma}• app^ar, an.1 ~•nch r~r.~l ~~•r: ~~ s:i. h(+~~h~y ahall be pmm~.tlt• drL~•er~~1 tn nnd held by xi~d
biort~;a~~e: and, nr~t lcss than tcn days in :i~!':an~•e nf the .•xp~r:tt~on of PRCh (x)ItrV. ~u delivPr to SA~f~ I~~Of~~,B~.'PR
~ renr~.~~al thereof. foQether v~•ith a recpipt tnr thP prPm~um ~f an~h r~n~wal: ar:d thrre ~hNl be no such insur-
an~~ placed on an~ o[ ~aid bull~finKa, su-y int~•r.•+t Lt:~r~in ~r pnrt ther~ot, t~nlc~r in th~ fnrm wnA w~th the In~~
payablP e~ a[nresaid: an~1 ~n the e~•~nt 1ny som of mimey brrnm~~ p~yablP undP~ aae•h puUcy or rr~L~i~4 sa~d
M~rtt;a~ee shall ha~e the optiun to r••~•~n•e and :+~+pl~• thc sam~ ~n arcount of the indeDiednev srcurr~t herPby or
to norniit sa;•.1 ~tnrt~ea~or to rP~ei~•~ and ~i~P i! o- any nart ther~nt for other purt~~ses v~--thout thereby ~•tu~ing
or impairing an} cquity. lien or r.~ht ander nr by ~•irtue of ihis mnrtga~e: anJ in the e~~ent said :-iort~a~;or shell
for 1r.}' fP:LS~:I fait to kprp the ~a~•1 pr•~m:~~~s yo ~n~nr~d, or fail to de2i~•er prnmpih• nn~ o! said pc-l~c~es nf
ITSU('311CP t0 511~~ :~fnrt~aR~e, or fail prom~~~~V t(1 (~"~~' (17~~y any premium th~refnr, O~ III MY r~ap~ct fnil t~ F!r-
form. di~char~~, excrut~, ~ffe~t, rnmpl~.P, comply ~~-tth nnd ebide b~ this ~o~~nant, or an~ part hereof, snid ~tori~;-
e~eP may placr and pay for s~~ch in~urance or any ~art th~reof ~ti~ithm~t w•aiein~ or nffe~tinR an}• opt~nn, liPn.
equity or nRht und~r or bp ~•irtu~ uf this mort~a~~, at~d th~• (ull :-mount of e:-~h nnd ee~ry ~uch payment ahall
be Immed~ntely du~ anA pa}•able nnJ ahnq b~nr int~r~~t frum the dete ther~of untll p:-id nt the rate of ten pPr
centum pcr annum and toReth~r with ~urh lnterc~t sf~all be ~ecured by the licn ol thts mortgeQe.
~. To permlt, commit nr ~uffcr no ~~•a.ate, im~airn~ent or deterloratton ot safd property or any part thcreof.
S. To pay nll and ain~ular the co~ta, char~ea and expen9es, inrluding re~onable ~RNyet'e fee~ and ca+t of
abstracts o[ title, In~urred or ratd at sny tlme by sald ~iort~e~ce becawe and ~or In the evcnt of the fnllure
on the part o[ the sald Mort};ap,or to duly, promptly and Nlly peKorm, dtschar~e, execute, e((ect, complete.
comply v~~th and abtde Dy each and evPry the sttpulation~, agreement~. condiUon~ end co~enanta of ae~d promis-
sory note, and thi~ mortRaRe, any or eithPr, nnd ~xiA c~at~, charRe~ and expense~, each nnd every, ~hell be fm-
mediately due ar:d payaDle, whether er not ihere be not~ce, d~mnnd, attrmpt lo collect or +utt pendin~: and the
tull emount e[ each and every such pn~mnent ahwll bear in;erest [rom the date thereot unttl pr-ld st th~ rate of
ten per centum per nnnum; and all eatd coata, charge~ and expenae~ so ~ncurred or pald. together with evch.fn-
tere~t, shW De eerured by the Ilen e[ thli mortgage.
1+i~~W
B`?7K• PAbE~~~