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Home My WebLink About0985 . . . tifi }~~~h'h~~~ti~:h'wti~}O~ ti''~k~}vfiti+~.ti-?{~4 ~ s_...b20+5QQ.OQ..... STUART, Florida, Septqt~ber... 19.._ 86~ FOR VAWF RECEIi/E0, the undersigned, joinNy and severally, PROMIS~ TO PAY to the o~der of._...._ ~ ALBE~ ~iQ~E - ~ SI}C ~itR~IDRID ~TI'~t--~~7SAI31?_k'~_MINA~..AN~..Nfl~1Q0-~_-----.____~._-~---_-----.---. .----~----DOLIARS, ~ y: ~ ~ at~9~.~..Sllx~&15~~._RJCa,V.~j..FQXt..Pie~'~,--EL,,_.33442-- ............................................or such other place as the holder y; ~ hereof may designate in w~iiing, together with interest from date at the rate of ..1~_.._._. per centum per annum on the ~ unpaid balance unti) maturity. The said principal and interest shall be due and payable as follows: ` C - ' ~ Intexest only payable annually ~m~ncing one year fran date hereof and continuing ~y'~ each year thereafter until this note is paid i.n full. Principal shall be paid on or ~ before five years fran the date hereof. All payments shall first be applied to interest ~ and the rema.i.nder fio principal. ~ The maker shall h~ve no personal liability beyond the value of the land securing this ~ note . ~ IF del~ull be m~de for 30.... dayi in tht paymtnt of •ny inildlm~nl of prinup~l or intenft o~ any part ~hereof, the whol• wm ihen rema~nln9 = •j vnp~id with interes~ fhsll at bolder'f optior~ (xcort» dut and paYable wilAout no~ic~. Failvr~ lo •zauf• •uch oDrion ~h~ll no~ conN~tutc a warver a( fhe right to eaercne tha s~m~ in the •vem of wbfep~en~ d~t~ult. Aher m~~urity bolh princip~I and accr~ed inrer~U ihall t»a~ in~trett 8 pe~ cenwm per ann~m ~Mil p~id. ibe makers •nd endorser+ of this ~o~e (ur~h~r w~iv~ demand, notic~ of non-p~yment and,prote~t. If ~h~s no~e is nat pa~ mawmy and the ~ame i~ • placed wi~h an attaney for colkct~on, th~ maka~ •nd endor~er~ h~reo} •~rts to p~y all co~~~ of collKtion, includ~r~ all cov~~ cosb ~nd re~~anable anomey (eei. 'y; If ony OoY~++ent is poid more fhon 10 days atter dut then, in odditicn to said poymenl, fhr moker shall poy o LATE CHARGE of S~o ef fhe payment due ~ ~ or 55.00, wh~chever is less. This provision sholl not be consf~ued fo modity the defoult provisions herein or the interetit due after default. t ti; OOPY ' NF~1I, KEYS As_.Trustee---------------------- - ' ~S~ - - . (SEAL) , ~ ; (SEAL) ~ ` fi{~.'~i~ir~O~+i~B~fifiP~..;.titi : :.r,»r.}.'•{. •:•r: i and shal! duly, promptly and fully pertorm, dischnrge, execute, ef[ect, complet~, ~omply wlth and abide by each and everp the stipulatIons, agreements; conditions and covenants of said prom~ssory note and ot thia mortgage, ~ then thls mortgage and the estate hereby created sha{l cease and be null ancl void. ~ It ia underatood that each oi the worus, "note," "mortgagor" and "mortgngee" respectively and the pron- ~ ouns reterring thereto, whether in the singular or plural anywhere in thls mortgage, shall be aingular it one only and shal! be plural jointly and severally, if more than one, and ah:sll be inasculine, feminine and/or neuter~ wher- ~ ever the context so implies or admits. - j And sald biortgagor for himselt and hls heira, Iegal representativea, successors and assigns, hereby coven- anta ana agrees to and with said Mortgagee, his legal representatives, successors and assigns: s ~ 1. To pay all and singvlar the principal end intereat and the various and aundry suma of money payable by £ vfrtue o! said promissory note, end thia mortgage, each and every, prompUy on the days respectlvely the same ~ aeverally become due. ~ 2. To pay all and singular the taxes, assessments, levies, liabilities, obli~ations and incumbrances oP every ~ nature and kind now on satd descrtbed properly, and/or that hereafter muy be imposed, aut[ered, placed, levied ~ or assessed thereupon, and/or that herea[ter may be levied or assessed upon this mortgage and/or the indebted• ~ ness secured hereby, each snd every, when due and payabte according to law, betore they become delfnquent, and before any lnterest attaches or any penalty is iucurred; and in so far as any tt~ereot ia ot record the same ~ ahall be prumptly satisfied and discharged of record and the orikinal ot[icial document (9uch as, for I~istance, the tax receipt or the satiaflction paper ofticfally en~loraed or certified? ahall be placed In the hands of said ~ Mortgagee within ten days next after payment; and in the event that nny thereo( is not so paid, satiafied and . - - discharged, said Diortgagee may at any lime pay the same or any part thereof without waiving or affecting ~ any opti~n, llen, equity or riglit under or by virti~P of this mort~age, and the full amount ot each and every such payment shall be immediately due and ptsyable ~nd ahall bear interest from the date thereot until paid ~ at the rate of ten per centum per annum and together with such interest shall be secured by the lien of this ~ mortgage. ~ 3. To place and continuously keep on the buildin~a now or hereafter attuate on satd land tlre and windstorm : insurance fn the usual standard policy form, in a sum not less than ~?m~.••-••.-•~•-••--•-••-••••••••••~ in such com- ~ pany or eomp.^.nies as may be approved by sairl rTort~;a~ce; an~l nll such insurance policies on any ot said build- ings, any interest tlierein or ~art thereof, In lhe n~fir~~;ate aum a[oresaid or In excess the~eof, shall contnin the usual standard mortgagee clause making tt~e l~,~s ur.der said policies, each and every, payable to said biortga- gee as hia interest may appear, and ench and e~~ery surh policy shalt be promptly dellvered to and held by aaId biortgagee; and, not iess than ten days in advan~e of the expiration of each policy, to deliver to satd h~iortgagee a renewal thereof, together with a receipt for the premium of Ru~h r~newal; and therQ shall be no such insur- nnce placed on any of said buildings, any interest therein or part thereot, unless in the torm and v~ith the loss payable as atoresaid; and in the e~•ent any aum o[ money becomes payable under s~ich pollcy or palicies said i Mortgagee shall have the optfon to receive and apply the same on account of the Indebtedness secured hereby or ~ io permlt said Mortgagor ta recelve nnd uae ft or any part thercot for other purposes without thereby waiving or impalring any equity, llen or ri~ht under or by virtue of tfiis mortgaga: and in the event said Mortgagor shalt for any reuson [ail to keep the said premises so insured, or fnil to dellver promptly any ot sald policies of insurance to said DiortgaRee, or fall promptly to pay fully any premium therefor, or in any respect tail lo per- form, discharge, execute, e[[ect, complete, comply ~vith and aUide by this covenant, or any part hereof, said biortg- egee may ptuce and pay for auch insurance or any part thereof without waiving or affecting any option, lien, equity or right ur~der or by virtue of this morigage, and thc full a0~ount ot each and every auch payment ahall be immedistely due and payable and ahall bear interest fr~m the date thereot untll paid at tlie rate ot ten per centum per annum and together with auch interest ahall be aecured by the lien ot khls mortgege. • 4. To permtt, commft or suffer no ws9te, impairment or detertoratlon of aald property or any part thereot. 6. To pay all and singular the costa, chargea and expenses, including reasonable lawyec's fees and cost of ebatracts at title, fncurred or pald at any tlme by sald Mortgagee because and/or in the event ot tho falluro on the part of the satd Mortgagor to duly, promptly and fully peKorm, dlscharge, eaecute, e[fect, compleie. ` comply with and ablde by each and every the stlpulaUona, agreementa, condltiona and covenante o! said promis- t= ~ nory note, and thla mortgage, any or efther, and satd cost.e, charges and expenses, each and every, ahall be Im- _ mediately due snd payable, whether or not there be notice, demand, attempt to collect or auit pending; and tha full amount of each and every ~uch payment ahall bear interest trom the dete thereot until pald at the rate oi ten per centum per snnum; and all aald costa, chargea And eapenae?e eo lncurred or pald, together with auch in- terest, ehall be e~cured by the llen of thfa mortgage. gC ~ ~~f.? 'Yc BRO 5 I~~as~4 9~ I -