HomeMy WebLinkAbout2740.ti
~
.i
:i:
._
ti-
i~~w~~-~ ~
5---~~9-._~_QQ_!_4~---- STUART, Florida. - -----.----Fe~ru'i~'4_..-------.__ 1981._.
FOR VALUE RECEIVED, the undersigned, jointly and severally, PR0:IAISE TO PAY t~ tF~e order of._.._____.._..._..
SUNSITE REALTY COMPANY, INC., a Florida corporation "'~~"~~-~~~-
.~--------- -------- ------•-•--------•--___.
- -------------------------- -------- ----
----- - ---------- •---•---•----------------•-----•
N UNDRED ZWENTY THOUSAND AND NO/100-----------------------------------------~------•-----•---------
•------------------ ------------------------------ ------------------- ---------------------------...---•-~-- --------~- - -------- ------•------•UOl.IARS,
et ~~--~,---~~r4~~~,__XQnker~~__N_.X,~l~_?_OL--------_'------- -------------- -_-- ------ ---,----.or such other place as the holder
hereof may designate in writing, together with inte~est from date at the rate of .1?.._.____ per cent~m per annum on the
unpaid bolance until maturity. The said principa) and interest shall be due and payable as follows:
In two (2) equal annual installments of principal & accr~ed interest payable on
~Q'~-~--1'Z ~~+ , 1982 and on yy~ ~2-~~( ,~ ~ , 19~3, at which
time the entire balance, plus a~crued interest, shall he paid in full.
:
If ddwle b~ rnad~ ~or _ 30 _ days In tS~ D+yTMt of ~nr Iqf~lIITM1 of p~indpal or intere» or ~nY pirr th~rwl. th~ v.i~I~ ~w M~n ran~:n:rq
~npiid w~th inter~s- ~h~ll af l+old~i s opKon b~corn~ Cus a:+d paY~bl~ w~tliout nohc~. Fa~lur• ro eae~6s~ such opuon sMll oot c r~np • wairw of th~ ~;pA~
to •aNNa~ tA~ sWn~ in tfi~ l.Mf of aubseq~«~~ d~1~~~1. Ah~r m~!wiy poM prinGpal and sccwed inh~es~ shsil bei. infaru •t _~~--
~„r,1 pa:d_ Tn• m~ken ~nd ~ndorsMa o! Ihi~ not~ fvrrh~r w~:v~ de.n~nd, not~c~ of non-p~ym~nt snd Drote~t. li ~h~~ rore is no~ ~~ CMIVT p- aMyT
plK~d wi!h an ~norrwy fw cdt~ct~aw, ~h~ maRen ~nd ~ndori~n h~rwf ~ N ro ~+.d n ws+wih and ths sarn~ is
9~ Pay it{ coan of coltKhon, includ.n9 atl cou~t cnta and rwsonabt~ a~twnq fe~ti
If u~r poym~n! is pa:d moro thon 10 days offK ~• thtn, in odd~fan fo said payment, the moYer shalt ~y a LATE CHARGE of So' ppyM~~~ ~
w 55.00, v.h~ch~+rei is lesy, This prons~on shell not b~ const ly the dr/oult provisrons he.~~n or the ~nrerest dua etter ~a,j~ tht
O ~~XCELLENT LAND HOLDING, INC., a Fla_ corporation
~o B `
--- -------------------------------------____--.---------(SEAI)
Vince~t Piraneo, Pres-ident
-- -- - ----- (SEA!)
~N(ar e-~7~iiii-Firarieo;-"SECre~ar '-----------___
._---------------- --- y--:-
snd shall duly, promptly and fully perform, d~schar~e, ex~~ut~. effrrt, cumplPt~, ~omply with and abide by each
and even~ ftic sLpu:atiorts, agreemer.ts, rondit:ons and oovenan~s uf said pruznis~ory note end of Ltus mortgage,
Lhen thie mortRage and the estate hereby created shaU cease and Ge null ana roid.
It ~s understood that each of the words. "note." "mortgagor" and "mortRaRee" respecti~•ely and Lhe pron-
ouns refernng thereto, whether in the sinRular or plural anywhere in this rnnrtgage, Ahall be singular Jf one only
and shalt be plural jointly and severally, ~f mure ths.*~ one, xnd sh:-11 Ae ~zia.gculine, tem~mne and; or neuter, wher-
e~•er the context so implies or admits.
Md said Morigagor for himself an3 his heirs, legal representati~•es, auccessors and agsigns, hereby coven-
anL~ ana ngrees to and wzth said Diortgagee, his tegal representatives, succ~s.aors and assigns:
~. To pay all and singular t!:e principal and intemat and the various arid sundry sums of money payable by
virtue of said promissory note, and thi~ mortgage, each and every, prompUy on the days respecuvely the same
~ererally become due.
2. To pay all and singular the taxes, asses~m~nts, le~•ies, liabilities, obG~at~ons and incumbrances of every
nature and kind now on said descnbed propPrty, and ~or that hereafter rnay be ~mposed, auffered, placed, levied
or assessed thereupon, and;`or that hereafter ma~• b.~ !r~•~ed or r~ss~~sved upon [his mortgage and~or the indebted-
ness secured herebp, each and e~•ery, w•hen due and Pa}•able accord~n~ to law, be(ore they berome dehnquent,
dnd brfore any interesi attaches or any penzlty ~s mcurrc~d; and ~n so far as any thereof ~s of record the same
shall be promp[!y satisfied and dischar~ed ot record and the on~inal ofhcial dncument Isu~h as, tor iiistance.
;he tax receipt er 'he satisfaction paper ~ifficially emtnraed or eertihe~i ~ shall be placed in the hand9 ot said
~tortgagee v~~thin ten days ncxt a[ter ~ayment: and in the c•~•ent that am• thereof is not so pa-d, satisf~ed and
discharged, said 21SnrtRa~ee ma}~ at any ±ime pay the s:ime or anV ~art thPre~f w•ithout w•ai~lnr or affeciing
an} option, liFn, equi[y or nght unrtrr or bt• ~•irtu~ ~f th~s m~rt~aRi•, an~i the full amount of each and every
such pa}ment qhall he immedlatPly due an~i ~~ay:~ble and shxll bear in!crrs; frnm thP date ttereo[ until pa:d
at the rate of ten per c~nturn per annum xnd tuFrthrr w~th such interest sha!( be secured by the l~en of th~e
mortgage.
3. To place and cont~nuously ke~p on the bu:td~n~s n~w or hereafter ~ltuate on said tand fite and K~ndstorm
lnsurance in thr u~ual star.dard pnl+rt fnrm. In a ~ur-i n~~t less thf-n ~ fu~,l_ it~sur~bl.e_va.~ue..., 1n such com-
pany or cum;~~ z:• s as ma~• b~ appr~~~•e~i b~~ c;~:~l ~fer'.•a^~~e: <+n f:.II SU~'tl insurance p~licies on any of srud build-
ings, any iretPres[ there:n or part thereof, irt the s~~-r~•eatP sum aforPVaid or ui excess thereof, shall contain ihe
usual standard mnrt~a~e~~ ~Eause makin~ t!ie lu~s ur.~i~~r srtid [~oLcirs. ea~h and ever~, payable to said MortKa-
gee a~ his interes; ma}• aupear, and F•ach a.^.d r~~~r}• s~:: h pnluy ahal: be pmrr.pt!_y deli~•ered to and held by said
1-iort~a~~~e; and, r,ot less than ten days in a~i~an~~e n! the Px~~raLnn of each pol~cy, io deliver to swid btortRa~ee
a rene~.eal thereot. t~~elher w•ith a rece~~,t f~r thP prPm~um nf A~I~'Fl r~n~wal: and thPre ~hall be no such insur-
ance nlaced on any of ~aid bu:Idir.Rs, any interFSt th~r~~n or parL thereot, unles9 in the form and with the IA98
payable as aforesaid; and in the e~•Pnt any sum of m~~nev bFrnmes payable under such polfcy or policies said
MortKa~ee shall ha~•e the oPti~~n to rreeire and a~piy tt;~• sam~ nn account of the indebtednes~ secured hereby or
to pPrmit said '~Snrt~a~or to r?~ei~•~ nnd u~P i! or any part the!rot for other purjwses without thereby waiving
or impairing ane equity, lien or r~hi under nr by ~•irtue of ih~s mortga~e; and in the event said MnrtRagor ~hall
for ar.y r~ns~~ fail to kPFP the ~ai~t prem.v~•s sn in~ur~d, or f8i1 to dellver promptly any of said polic~es ot
insurance to sai~: 1S~r;~a~~P, or fail promptly ±o p~~• f~illy :uiy preminm therefor, or in any re~pect fail Lo per-
form, d~~char~~, exeruie, eff~ rt, complete. comply w;!h and abi~ie by [h~s covenant, ~r an}• part hereot, sa~d Mortg-
eReP may place and pav for s~u•h in?urance or anp part therenf without a•aiving or affecting any option. LPn,
equity or nRht under or by ~~irtue of th~s mortKa~c, ar~l thF full amount of each und every auch payment shall
be immediately due and pacable nnd shall bear intPrPSt from the date ther~of untfl paid at the rate ef ten per
centum per annum end tnRether with such fnterest ~hall be aecured by the lien ot thia mortgaRe.
4. To permlt, commit or sutfer no ~~•aste, ~mpairment or deterforaUon ot affid property or any pa:t thereof.
6. To pay all and ain~ular the co~ts, zharges and expensev, including reasonaDle lawyer'e fees and co~t of
abstract~ of title, 1n~urred or paid at any tlme by sald Atortgngee becau~e andior in the event of the failure
on tne part ot the safd 2-iortgagor to duly, prompUy and tully perform, dlscherge, execute, effect, complete,
comply with and abide by each and every the stipulationa, agreement~, conditlon~ and covenanta of eald promL~-
sory note, and thi~ mortRage, any or either, and sald rosts, charges ar-d expensea, each and every, shsll be Im-
mediaiely due and payable, whether or not there be notice, demnnd, attempt to collect or ault pending: and the
!ull amount of each and every auch pavment ahall bear interest from the date thereof unW pald at the rate of
ten per centum per annum: and all aafd co~te, chnrges and expense~ so lncurred or pa:3, together with auc6 fn-
tereat~ ~h~U be aecured by the lfen ot thfa mortgage.
Y
~:
:
: -:~K 351 P~~E27:36