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Home My WebLink About0703 J ~ ti~.k'w~.ti~k~}s+~~~.ti hk~:~i~kWe+~h~0~ti~}fi~-0 ~OO~~SM~~»}Oti'~hw~~hhk'w•tiwk~r: :.+:-~.'.ti'...+~:w : s-ti~:-:-ti ;..}y. ;..~s`ti.i~ ~ ~ - €'i~~~-3~6~94---- STUART, Florida, 19-'~$- ~ : - FOR VALUE REC~IVED, the unde~signed, jaintly and severolly, PROMI~E TO PAY to the or e of ~ - - , T~e---Peo~e--fb;•;---a--~ttch~gan---+corpvrati-arr ~ ~ .._...~~-~~p---~---~ars~rnd--f~--}In~»dre$--`i~ire~rty---{~tve...and~~nv~~00~-~~~~~~~~~~,•w-DOIIARS, ~ ~ at .--,~TRG"lt1~Ot~----M#Ch#~tu-..-------•----•------------.__._._~.---•-------•-----..---------------------------or such other place as the holder ; ~ hereof may designate in wrifing, together with interest from date at the ra!e of 8._ p~r centum per annum on the ; ~ unpaid balante until m3turity. The said principal and interest shall be due and pay~6le aS fol.l0lt'S: ~~400.Q0 per month, t~e ~3rst payrar,nt beimg due one moath from data hereo! ti ; aa~3 continuinQ ~or 12U e~~atiis 1~`ITH A FINAL BALLOON PA`YMTNT due oY~e (1) . - n~onth thereafter ~or tho balaace due p~.us accruec~ interes~ on the unpai~ ; ; bAlance for one (1) a~onth. The ~um of :~4a0.00 paid anch monfih shall firat~; ' be credited to interest and ~he re~nainder to tbe ~rinci~al of thi~ oblig~~ tion. Thie aot~ zaay be prapeid in whole or in part ~ - -wi~thout penaltyr~~ a•f,f~ t~Nt~ - ~ ~ ` IF def~ulf b~ m~d~ (a d~y~ in fh~ p~ymMf of ~~y imt~flmant of p~intip~t or Inf~rtst o~ any pirt ~hcreol, ~he wfio~e s~m then ~lmai~in9 unC+id with intert~t sh~ll •f holdtr'i ~b~on bacom~ du• and p~yabl~ witAouf not~c~. F~ilur• to •¦trc:i• tvch oplion ~h~ll ~ot tonstitute a wa~vc~ ol ~he r~gh~ ro ~~sru~• th~ t~m~ in th• evtnt o1 su tp~~nt d~l~ult, A(ter meru~ify both printip~l and ~ccru~d intutal sh~ll beir ir.teresr a1 per cenrvm per annum vnril paid. Th~ m~ken and snd~u~~n ef thi~ not~ furrher w~iv~ dtmand, notic~ o( non-p~ym~nt ~nd prot~~t. II ~hii no~e ~s not psid1Qmaturity and tf:e seme is _ ; p4c~d wi~h ~n •ttorr»y fo~ coll~ction, tM m~4a• ~nd ~ndon~n hawf ~gsM to p~y dl co~h . of coll~ction, includ~np all covrt cou~ •nd reuonable auomey (ees. : _ . : _ --(SEAL) ~ . itii Lon ~ . Stewsrt - i , _ ~ - - s = : ~ ~ - (SEAI) :t - ; ` .ti,.tiv' :'~h~~~.'hti-: :".4ti' :".b':": :?~:~~•ti.:~{..kWti~~+?~+:«}~}~~p~li'rC•~s'~~l~1~:~ : :r.~:~ :t-: r:.»}.;..;»~..;« and shall duly, promptly and full}• perform, discharge, execute, ef[ect, complet~, comply with and abide by eaeh . and e~~erv the stipulations, agreements, condi[ions and covenants of said prom,ssvry note and of this mortgage, Lhen this mortgage and fhe estate hereby created shall ce~tse and be nWl anu ~•old. - ; It is miderstood that each ot the ~torQs. "note," "mortgagor" snd "mortgagee" respectl~•ely and the pron- ~ _ oun~ referring thereto, whether in the singular or plurnl snywhere ln lhls mortgage, $hall be aingular if one only and shal! be plural jointly and severally, I[ mure than one, and sh:~ll be inx.9cul?ne, feminine and/or neuter, wher- ever the context so implies or admits. - _ And said Mortgagor for himseff and hig heirs, legal representqtives, successor~ and ~assigns, h~reby caven- ants ana agrees to and with said Morlgagee~ his legnl representatives, successors and assigns: 1. To pay all and aing?:lar ihe principa! and is?tereat and the various a.~d sundry sums of money payable by ~ ' vlrtue of said promissory note, and thi~ mortgage, each and every~ prompUy on the days resgectively the same ~ - aeverally become dve. . _ 2. To pay all and singular the taxes, assessmerts, levies, liabilities, obli~ations and incumbrances ot every ' nature and kfnd now on said descrihed property, and/or that herea(ter may be Imposed, suttered, place@, levied or assessed thereupon, andlor that hereafter may be le~•ied or assessed upon this mortgage and/or the indebted• - ness secured hereby, each and e~•ery, ~vhen due and payable accor~iing to law, b~fore they become delinquent~ _ and before any interest attaches or any pensslty is incurred; and in so f~r as any thereof is of record the same _ shall be pr~mptly satisfied and discharged of record and the oriKiral officia? document (such as, for i~istance, . ihe tax receipt er the satisfaction paper ofiicially en:iorsed or certi[iec11 shall be placed in the hands of said ~iortgagee w'ithin ten d~y~ next afier payment: and in the et•ent that any thereof is not so paid, satisfied and ~ dlscharged, said 1?iortgagee may At any time pay the same or nnV part thereo[ µtithout Aai~~ng or affeciing ~ any uption, lien, equi[y or right under or b5• ti•irtue of this mortgage, end the full amount of each and every S such paymen[ shali be immediately due and payable and shall bear intcrest from the date thereof until paid ! = at the rate o[ ten per centum per annum and t~~gether wtith such interest shall be secured ?~y the lien of this - ~ "s mortgage. ' • t 3. Ta place and cantinuously ke~p on the bu;ldin~s now or hereafter sltuate on said land fire and windstotm ; lnsurance in the u~ual standard polic_y form, in a sum not less than 5 ~f~lmum.......__.:.. In such com- ~ pany or comprn;es as map be appro~~ed by sai~l ~tort„a~ce: aml :?U such insurance pnlicies on any of said build- ' ings, any interest therein or part thereof, in the a~~mga!e sum aforesaid or in excess thereot, shall contnin the usual $tandar.i mort~agee clause makin~ tl~e lu~s ur.d~~r said policies, each and ever}~, payable to said Diortga- - _ gee as his interesi mal appcar, an~i-each aa,~l e~~~a~y sas~h ~1icy shall be pronirilp delieer~d to ~nd hetd-by said - ` 1liortgagee; ar,d, not less than ten days in sclran~e of lhe expiratinn o[ each policy, to deliver to said btortgagee I~ a rene«~al thereof, to~ether_ µ•ith a receipt for the premium of a~i~h rcn~wal: and there shall be no such insur- i:- ance placed on any of said buildinRs,_any interest therein or part thereot, unless in the torm and with the los9 I`. - payabte as aforesaid; and in th? e~•ent any sum ot meney becomes payable under such pollcy or policies said i; biort~;a~ee shall ha~•e the option to receire and app(y the ~xme nn •account oi the indebte~ness secured hereby o~ _ _ ~o pern~it said :?iortragor to recelve nnd use tt or any ~ari thereof for other purpos~s without thereby waiving ' - or impairing any equity, lien or ri~ht under or Ly ~irtue o[ thi9 mortgage: and in the event satd Mortgagor shall ! for a~y reasoa tail to keep the said premises so in?urcd, or fail to-dellver promptly sny of saId policies of ~ insurance to €aid ALortgaRee, or fail promptly to p:?y ti.11y any premium therefor, or in wny respecE tail lo per- _ form, discharge, exerute, e(fect, complete, comply ~~~th and abide bv thia covenant, or any part hereof~ ~aid 1liortg- agee may place and pay ;or such insurar.ce or anv part thereof .without Ka~~ ,ng or atfecting any option, lien, _ equity or right under or by ~•irtue of this mort~age, and the [up amoi~nt o: each and every auch payment shall ~ be immediately due and pa}~able and shall bear intPrest [rom the dete thereof until paid at the rate o[ ten per = centum per annu~n and together weth such tnterest shall be aecured by the lien oi thla mortgaf;e. _ - - - s. To permft, cammit or ~uffer no ~iaste, impairment oc deteriorntlon of sald property or any part there~f. - _ ' 6. To pay all and atngvtar the costs, charges and expenses, including reasonable laKryer'~ lee~ and co~t o! - ~i ~ aLsirRCts ot title, fr.curred or pald at any ttme by sa.d Mortgngee hecause and!or tn the event of ~.he fallure I on the part ot the said Mortgagor to duly, promptly and hilly perfotm, dtacharge, execute, efftct, corc,~*lete~ ~ I~ comply with and ablde by each and every tye stfpulation~, agreementa, conditlone and covenante of said prornia- ~ - aory note, and thl~ mortgage, any or etther, and ~aid cos?_a, charges and c~penaea, each and every, ahnll ~!m- ~ mediately due and payable, K•hether or not there be notice, demund, sttempt to collect or sult pending; and the ~ _ - f+.Q! amount af each and every ~uch pa}~nent ahali bear lnterest trom the date thereof untll patd at the rate-o! ~ _ ten per centum per ar~um• and all astd co~ts, charge~ and expea~ea so lncurr~ed or paid, together R~ith euch in- ' ~ tereat, ~ha11 be eecured by the lfen of thia mortgage. ' ! 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