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Home My WebLink About0980 ~ ~ , , ~ . . : '.•Y• ~~~i~'{'~. V 1.:.. :"JS• • .t'{?':".~{"' }~fir~fi4~fi43~0~i~.~ ?46~Oi~~;??•} fi. ti , • . . . . ti ;«;.,u, ;.w.;..} u ~.tir,»}r,.~. ~ 3----216,7~II.-00-...~. STUART, Fiorida, _.Septt~mbeY'-•--- .A........ 19 FOR VALUE RECEIVED the undersigned, jointly and severally, PROMISE TO PAY to ihe orcier of..._..... _ • A~.~BF.R'r MEI~IQ,E ~ . •i 't - _ `II1K) _.Ei[A~Il?RF~.2_.SIXI~.F~l_~iOUSAND..SE.V.IIV--HCTDID~Zl.-FIE'-I'-~•-1~I3D- Iv'0~-100----_------.~-`--`~.-..- UOLlAR5, y~ at ___,1913._Sur.~side.I2~istL,._FoI:_t_P~CS.~..Fl~ii~,d_3349:9_._._.... . or such other place as the holder s ~ ; hereof may designate in writing, together with i~terest from date at the rate of 10 per centum.per annum on the ; unpaid balance until maturity. The said principal and interest shall be due and payable as follows: _ % Interest only payable aruiually camt~ncing one year fran the date hereof and cbntinuing y~ ~ ~ each year thereafter until this note is paid in full. Principal shall be paid on or ~ before five years from date hereof. Al1 payments shall first be ~pplied to i.nterest and the remainder to principal. ~ ~ The maker shall have no personal liability beyond the value of the land securing this . note . t If de(ault be m~d• (or ~0...._ d~ya in ~h• P+Y~+anf o~ ~nY imlal~menl 01 Princip~l or interest or anY Dan ~hereof, ~he whole 1vr~ inen rer^a~n~nq ~npaid wi~h imernt sh~ll al holder's option becornt dua and psy~bl~ wilhaut nolit~. Failur• to ~etrche svch op~ion sfi~ll no~ SonNii~ee ~ wa~ver oi ~he r;qM i to eaerd~e the same in the ev~nt ot ~ubseq~eM de(a~lt. Aher muuriry both principal •nd scuved inttrar ~hall beu inraest a~ jR oer cen~um ver annum until paid. ihe m~kers ~nd endaien oi ~hia oote I~rthrr w~iv dem~nd, noliu of non•p~yment and prote~f. If ~hn nofe is no~ p~~a ~t matu„~y and Ihe fame is •i pfued wi~h ~n aftorn~y (or collet~iao, Ih~ maker~ and tndor~~n htreo( ayre~ to p~y ~II coth of col!etrion, indvdmy ~II court cofrt •nd ~eatonabte a~tomcy ~ees. ~ 1/ ony DoYmcnf is poid more than 10 doys otfer due thtn. in oddifion fo soid poymtnt, Ihe moke~ sholl pay o IATE CHARGE of 5~~ ol thc payment d~e ~ ~ or SS.00, whfchever ~s less. This prov~von sholl not be construtd to modify the de(ouft prov~sions here~n c. the +nterest dur olrcr defoui~. ~ ~ X pppy -/s~--1~IF.F~-K~X~~..as_ Truste2--•---------------~---.....-~-- (SEAL) ~ . '~4ti~fiv{ h~'~Gti~:wvti~: ?~rv: r; {~.ti•. ~4.;..;..:•• . . . . . . . . . . . . . •:~'Msk~-~#{*fis~~?{~{i0~ and ahall duly, promptly and fully perform, discharge, execute, effect, complet~, ~omply wlth and abide by each and ever~ the stipulations, agreementa, conditions and covenants of said prom~ssory note and ot thls mortgage, Lhen thi~ mortgage and the estate hereby created shall cease and be null ancl void. It is underatood that each of the worda, "note," "mortgagor" and "mortgngee" respectively and the pron- oune ceterrtng thereto, whether in the aingular or plurnl anywhere in thls inortgage, ahall be afngular 1[ one only and ahall be plural Jointly and sEVerally, if more than one, and shall be ~nasculine, fertiinine and/or neuter. wher- ~ ever the caitext si5 implies or adm[ts. ~ ~ And said Mortgagor for himself and his heira, legal representatives, successors and asslgns, hereby coven- ants and agrees to and with s$fd l~tortgagee. his legal representatives, successors and assigns: 1. To pay all and a[ngvlar the principal and intereat and the various and aundry surns ot money payable by vlrtue of sald promissory note, and thia mortgage, each and every, prompUy on the day~ respectively the same aeverally become due. 2. To pay all and singvleT the taxes, assessments, levies, liabilities, obll~ations and Incumbrances ot every nature and kind now on eatd descrlbed property, and/or that hereatter may bs imposed, auffered, placed, levied or assesaed thereupon, and/or that herea[ter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby, each ar.d every, when due and payable according to law, before they become delinquent, and before sny interest attaches or any penally is incurred; and in so fnr as any thereot ia ot record ihe sama ahall be prumptly satisfled and discharged of record and the ori~lnal officlal document (such as, tor Instance, the tex recelpt or the satis[action paper officially endorsed or certifiect) ahall be placed in the hands of sald Mortgages withln ten days next atter payment; and in the event that nny thereof is not ~o patd, satisfied and _ dtscharged, sald 1lfortgagee may at any tlme pay the same or any pnrt ihereof u•ithout waiving or affecting any option, lien, equity or right under or by virtue o[ this mortgage, and the full amount of each and every auch Fayment shall be immediately due an~i pAyable and shall Uear interest from the date thereot untll paid at the rate of ten per centurn per annum and together with such interest shall be secured by the lien of thia mortgage. r 8. To place ard continuously keep on the buildin~a now or hereafter eltuate on satd land fire and windstorm insurance in the usual standard policy (orm, 1n a sum not less than ;.....~s"~...K~III!~Il-•----•••.---•••••-••••-•••••--•--~ in such com- ` pany or comp^nies as may be approved by sairl ATort~ohce; and nll such insurance policfes on any ot said build- inga, any inteeest therein or part thereof, in the n~~re~ate sum a[oresaid or In excess thereof, shall contain ihe _ usual standard mortgagee clsuse making tlie lovs ur.dcr said policies, each und every, payable to said Tiortga- gee as hte Interest may appear, and ench and e~'ery su~•h policy shatl be promptly delivered to and held by said biortgagee; and, not less than ten days in ad~•ar.~e of the expiration of each polfcy, to dellver to sald 1~tortgagee a renewal thereof, together with a receipt fnr the prPmit~m ni r+iirh renewal: snd therQ aha11 be no auch insur- ance placed on any of sald bulldfngs, any interest therein or part thereof, unless in the form and with the losa ? payable as atoresaid; and in the e~•ent any sum o[ money becomes payable under s~~ch pollcy or policies said ; Mortgagee shall have the option to receive and npply the 9ame on account of the lndebtedness secured hereby or ~ to permlt eaid Mortgagor to recelve and use it or any part thereof for other purposes without thereby waiving or impa3ring any equity, llen or ri~ht undcr or by virtue ot tl~is mortgage; and in the event said Mortgagor shali for any reason feil to keep the sai~ pr~mi9cs so insured, or fa? to deliver promptly any ot said policies of insurance to said hiortgagee, or tall promptly to pay tnlly any premium therelor, or in any reapect fafl ta per- torm, discharge, execute, efteet, complete, comply ~vith and abide bv thls covenant, or any part hereot, said I~iortg- agee may place and pay for ai~ch insurance or any part thereof without waiving or aifecting any option, lien, _ equlty or rlght under or by virtue of this m~rt~age, and the [ull aqiount of each and every auch payment shall be immediately due and payable and shall bear inte~est trom the date thereot untll paid at fhe rete of ten per centum per annum snd together with auch interest ahall be eecured by the llen of thle mortgage. To permit, commlt or aut[er no k•aste, impairment or deterioratlon of sald property or any part thereot. - 6. To pay all and eingular the costa, chargea and expenses, ineluding re~onable lawyer'e fees and cost of ~ abstract~ ot title, incurred or pald at any ttme by said Mortgegee becauae ~nd/or tn the event of the fatlure on the part ot the said Mortgagor to duly, promptly and tully perforra, diacharge, execute, eftect, complete. comply with and abtde by each and every the stlpulationa, agreementa, condltlons and covenants ot said promis- eory note, and thia mortgage, any or either, and safd costa, charge9 and expen$ea, each and every, shall be fm- medtately due and payable, whether or not there be notice, demnnd, attempt to collect or auit pendlr3{;; and the :-.*j full amount ot each and every auch payment ahall bear interest trom the date t}iereof untll pald at the rate of ten per c@ntum per annum; and alt eald coete, charges and eapenaee ao lncurred or pald, together with auch 1n- tereat, ehnll be eecured by the lfen of thle mortgage. aCDK V91 pA(',Eii43 = ~ ~~0 5 I~ PA6E~ 9 7 6 ~~5 ~