HomeMy WebLinkAbout1803
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; 3 1~, 000 ..00 ------ ------ Janu~ry 19 81- ,
, FOR VAIUE RECEIVED, th~ und~rsip~ed, ioinllr and :everaily, PROMISE TO PAY fo th~ o~~~~ of ..._ ti
` - - -. LUCI~~~ __R,._.PRE~I.- ----- -- ~ - - - - - -- -- --- - ti
~ ~le~~n_Th4~~_and_and.Nol104.----.--------.--_--------------~-~_________..__~o~u-RS,
:~t Lot _ B-.~~.,_ V_~nture. 4ut._ Jensen Beach,. .Flazida 33457 -- or such othsr plac~ as th~ hold~r ;
~ hereof mar d~si~~at~ ie w~itinp to~efher with lnte~est from _._ DefaL~~t._. .- .. _. ~
; at ~h~ rafe of .__.Q_--. ----- -- per centum per snnum on the unpaid balance until maturity. Th~ said principal and int~reit shal) ~y
• be due and payabls as follows: ~
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' Payable on demand.
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li d~f~~h M rwad~ fw --30 d~ps iw 1M paya~t ef a~r i~slalMw~wt ~i p~iwcip~l w inNhst ~~ ~wy 'u1 ~MrNf, 1M wl»b tvw~ tMw nwaiwin~
` unpai~ wid~ iwNr~u ~hall af Mld~~'s ~pliow b~ceeN du~ +ea p~rabb wi1MW netic~. fail~r~ M~=~rca~ sv~A ertisw shaM ~ef cowttit~f o~ ~ir~r ol tM
~:~gh~ N•a~~ap~ tl» s~~ iw 1b •v~n1 ~1 s~bs~awnl d~fa~M. Af1~~ wutw:q b~M princ~pal ~na accrwd i~hr~f1 ~6ak M~r iwbr~u ~t ~~/o pr c~wfr~w
. p~r ~wwww w1i1 p~i~. ih~ wuk~n ~wd ~wd~-a~n e/ 11~is woN trHM~ w~i~~ d~wund. notic~ ei wew-payw~l ~w~ p~N~~t. li thi~ wot~ is wo1 paid at
` n:.~urit~r aw~ Na sas» is ~I~c~J with r~ snorn~r /er c~lbctiow, 1M ~wat~n ana ~wd~rs~rs h~r~~i asr~~ N~~r atl ~~sN ~i c~IMcliow, iwclvdino all ceurt
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; - --- -- -- - rry A . rew •,
-- -- -~„- ~,m,.~,.. -- ~ - - - - (SEAy s
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. Attesf:
; Carol A. Prew ~
; ---- --- - ----- - --- --- - -. ..-- - - - (sE1-t) :
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and shal! duly, promptly and fully perform, d~~rharKe, ex~cut~. rffrrt, comptet~, ~•omply wiN and ab~de by each
and e~en the stipu:auons, agreements, rond~t~u:is and ~•ovrnants ~~f s:ud prr.m~ss~~ry note and ot thr~ mortgage,
then th~a mortRage and the estate hereby created shall cease and t~e null anu ~ni~l
It ~~. understc~od that each ot lhe :vord~. "note." "mortgakor" and "moTtRaKee" respecth•ely and the pron-
oun,-refernng thereto, whether ~n thr ~~ngular or plural anywhrre ~n thls mnrtgage, ~hall be a~nguler 1t one only
and ahalt be plurat jointly and severally, it mure than one, and ~h:-ll be rn~vcul~ne, femin~ne and~or neuter, wher-
e~•er the context so impl~es or adm~ts.
Md ~aid Mortgagor for 1um~e1[ and his he~ro, legal representati~~es, succes9ora and dsaigt~, hereby coven-
anta ana agrees to and v-nth said Mor[gagee, his legal representat~ves, succ~ssors and sa~igns:
1. To pay all and amgular the princ~pal nnd intere~t and the vanou9 and aundry aums o[ money payable by
virtue ot aaid prom~ssory note, and tlua mortgage, each and every, prompUy on the day~ nspecLvely the aame
~e~•erally become due.
2. To pay all and a~ngular the taxes, dssescm~nts, IP~~e~, liab~l~i~es, oDl~~at~nn~ and incumbrance~ oi e~•ery
nature and k~nd now on said descnbed properly, and or that hemattcr may be ~m~sed, auffered, placed, le~~~ed
or assessed thereupon, and/or that hereafter may br Irv~ed or a.,ti~~~vcd upon th~s mortgaRe anJ or the indebted-
ness vecured hereby, each end every, w•hen dve anA (~ayable arcor~lin~ tn law, twfore they bec~me del~nquent„
and b.~tore any inlerest attaches or any penally ~v u~~urr.•~t, and ~n so far aa any thPrrof ~s o[ record the sams
shall be prumptly sat~sfied snd d~schargrd ot record and the onR~nal off~c~al dorument t~uch a~, tor nutance,
;he tax receipt er ihe sat~sfaction paper of[icially en~lor:u~d or certd~Pd~ ahnll be plneed fn !he hanA~ of said
StortRaRee u~th~n ten daye next atter ~ayment; ar.d in the e~•ent that an~ thereot ~~ no[ so pa~d, ~atisf~td and
d~scharged, sa~d ]-tortga~ee may at any t~me pay the s:-me or any part lh~ren[ w-dhout wai~~ng or a[feci~ng
any opt~Dn. Gen, eqwty or nght under or bti• ~•~rtuP o[ th~s m~rt~aRc, and the tull emount of each and every
su~h payment shal! Gc immed~atPly due nnd ~~ayaDie and vh:~ll bear ~nter~st from th~ ~nte thereot until pa~d
at the rate ot ten per cPnturn per snnum anA tn~eth~r w~th such interest ~Aall be ~ecured by the lien ot thu
mortgagt.
3. To place and cont~nuously kePp on the bu~lrl~n~~ n~w or hereafter altuate on ~aid land [ire and windstorm
inaurar.ce ~n the u~ual ,tandard pnlivy form, ~n a sum n~t less thnn i . In ~uch com-
pany or Comp- ~:~ s as may be appr~rce~i by ca;~l Atort;,-a~~ e: an•1 ~U vurh ~nsurlnce pnl~cie~ on dny ot ~tud bwld-
~ng~, any m~rreat there~n or part thereof, in the a~cr~•~ate sum aforP~a~d or In Pl[Cl95 thereo[, ~hsll contein the
usual standard mnrt~aRrP ~lause mak~nQ the I~~w ur~f~•r said (uiln•~r~, ea~~h end every. (+ayable to sa~d binrtga-
Ree as h~s ~nterPSi may appear, and rach ar.d P~•P:y su: h prd~cy ahall be pmmptly Ael~vered to and held by aa~d
1-Iort~a~ee; and. not les~ than t~n davs in adran~e ~f the Pxpirahnn el ~ach ~;L~y, to deliv~r to snld btortRaRee
a renP•va1 thereo!, toQether vrdh a rc~eipt f~r thP prrm~mm ~t a~n-h r~n~w~l: anA thrre ~hall be no such insur-
an~e placed nn am• ol ~aid bwl~iinRs, any ~nter~st thrr~~n or pnrt therno[, unlea~ m the torm and with the In~~
pavahlP as a[oresa~d; Rnd in the ecPnt an~ aum o( m~~nPy brrnmes pnyabl~ ~nder +nch pollcy or ~+olicie~ sa~d
Mort~;a~ee shall hn~•e the opti~~n to rPCei~•r and appty the 9amr on a~~rount of the indebtednea~ securri hereby or
to rrrO~ll 91if~ ~tO~t~H~Oi to rP~eiv~ nnd ~~se it or eny pnrt ther.•nf for other purposea without thereDy waiving
or impainng any equity. lien or n~ht under ~~r by ~~rtue of th~s mortgaRe; and in the event said MortgaKor ~halt
tor any rP:-s~n fa~l to kr~p th~ said prem~~~4 ~o inQUrrd, or (ail to dellver promptly any ot aald pol~cies of
~nsuranc~ to s:~~d Dtnrt~aR~e, or fa-I ~romptly to pip f~illy any premium theref~r, or ~n any respert lall t~ per-
torm. dischar~e, ex~~ute, e(fe~t, complete, comply w~th and ab~d~ by th~s covenant, or any part hereot, said Mortg-
aReP may place and pav f~r such in~urance or any part therenf withnut v~aiving or affecting any .opt~nn, li~n.
equlty or nRht uader ~r bt vlrtue of this mortRaRe. anJ th~ full 1mrn~nt of each and every such payment shall
be fmmed~ately duP and payable end ~hall besr 1nt•rest from the date ther~ot untll pai~ at the rate ot ten per
crntum per annum and toRethPr with auch Interest ~hall be eecured Dy the lien of thl~ mortga+Ce.
4. To permlt, comm~t or ~uffer no waste, ~mpairment or detertoratlon ot ~a1d property or any part thereot.
6. To pay all and ~inRular Lhe cost~, charRes and exprnse9, includinq re~onable lawyer'~ tce~ and cwt of
abatract~ of title, Incurred or pafd at any tlme by satd Mortgagee because and~or ln the event ot the fallure
on the part ot the sald MortgaRor to duly, promptly and Nlly pertorm, dlscharRe, ra[ecute, etfect. complets,
comply n~ith and abfde by each and ev~ry the ~tlpulatlons, agreemenb. condiUon~ and covenanl~ ot ea~d promL-
sory nete, and this mortRaRe, any or elther, and safd coets, charges and e~cpenses, each and erery, shall be Im-
mediately due and payable, whether or not there be not~ce, demand, attempt to coliect or sult pending' and th~
l1i11 smount ot each and every auch payment ahall bear Interest trom the dat~ thereot unW patd at the nte o!
ten per centum per annum; and all uld co~b. charyje~ ~nd ~:pen~a~ w Incurred or p4t4 W~ether wrlth such tn-
tereit, ~hW b~ ~ecured by ths lfen ot W~ mortga`s.
- `'"348 Fs~~1~{l2
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