HomeMy WebLinkAbout0787 s 14~•700.00 Stuart, Flo~ida, 4ctObtt 31 ,~q68
For value received, I, we, or eithe~ of us jointly and sove~ally promise to pay in lawful money of the United States of
America to the o~der of FIRST NATIONAL BANK OF STUART at its office in this ciy the principal sum of___________________
-----~~l~~~t~ ___~lQ~~a~1~-- S~ve~_
H~ndY'SS~_ NM~_NN»------___-=~___~__--Dollara
topethK with interest from date at tM raN of- 7-- pN asntwn per snnum a+ the unP+kl bal~na uMil psid, s+id principal ~r?d intKKt to M p+yabl~ a
touow.: ~+wmhy u,su~i.~,.~+n o.~ 4~14__I~t1~~~0.._.~lY_Q[L~_~._._~~~QQ (=.~Q.~_~t~.---_~ t~~ ~+r.n.r, on
Dollus
dsy of cach month bpimbg oo tM ----1~.~-------- day of --------------------~~C.-------------------• - 19.~_
and contiewiny on th~ ...-----1s-~----- d~y o! ~sd~ and ~wry month ther~sft~r vnt~ th~ •----1~~__ d~y of . ._~404~~----------------~
19 ~a. , on which said dat~ th~ MtKe balance of principrl and i~tsrest then w~p~id sh+ll b~conr dw awd psy~bk. Each p~ym~nt ts fo b~ ~pplwd
first w intKest and tM bslsnae fo principal. In case said i~?st~llmenri, or any of them. an not paid within 15 d~ya ahe? ths sam~ beoom~ due, the whob
of said p~incip~l ~nd interest sum ih+ll iwthwith become due and paY+bl~ at th~ option of th~ ho1dK of thh oote.
We. th~ makers. suntia, ~ndonen and 9uxanton of tFw rote, henby avaally w~iw pn~ntn~nt fa p~ymsnt, notic~ of non~paym~r?t, prorat and
notia of protest, ~nd dilipMC~ of br'uginp tvit ~ps6at any party there% and co~wnt that tim~ of p~~mm~t m~y b~ ~xbodsd witla~t rotice tlwnof to
any of th~ sunti~s of t!~ noM.
Now, sM~+ld N be ~cessary 10 ooll~ct thb not~ thra+ph an attorrny, each of us, wMther m~k~r, sunty a~ndorsa on th4 no», Mreby aprN b p+y
sll oosb of ssid ooll~ction, indudinp ~ nasonable ~nanh/~ fa~.
Said bsnk is ha~~by ~npnah; wthorixed to rot~in aoy g~r?ersl w ~peci~l deposit, ooll~ter~l, nal o? pa~on+l wcvrity. a tM proa~ds tMreof. Mlonp~
in~ w~ither of us, raw or Iwreafta in tM pos~ession of it durinp th~ tim~ this nob renwiro unpaid. ~nd b~fon or ~ftK maturity Mrwf may a~ly th~
ro this ~ny otl~ debt as li~biliti~s of eitlw of us w s~id dw or ro b~ooee» dw. Giwn und~~ th~ Iw~d and s~al of each party.
~i~ pr~riley~ of abkinq paY~ent~e adrance o! the du~ dat~ rithout p~n-
alty is retained by the aaker.
P. o ~ ~,F~ ~~~2 ~ q
~oaiw? oocu~rNnr srntiw o n . ra
TAX /1FFIXED TO OR'dNAL NOTFr
~ ~ ~i4t~ S i CNa~} ~ f
~IP
No nue a . e
- - - - - _ -
and aha11 du1R P~~PW' ~~y P~~o~. ~~rBe. execute, efiect, completel, cwnply arith and ai~~e by eacFi
~ and every the atlpulationa. agreen?eats, coaditiona and covenanta of said promisaory note snd of this mortgag^e,
ti~en tl~la mortgage and the estate benby created ahall cease and be aull and void.
It is uaderstood that esch ot the words, ••nute.•• °mortgagoY' and "mortgagee„ reapectively and the pron-
ouns referring theret+0. v~?hether in the aingular or plural anywhen in thla mortgage. aball be eingutar if one only
and ahall be plural iointly and eeverally. ii more thaa oae, and shaU be meaculine. feminine and/or neuter. wher-
ever the oontext so impliea or admita.
And eatd Mortgagor for bimeelt and his heirs, legal representativee~ succesaore aad asaigns, hereby ooven-
~ats ana agrees W and with said Mortgagee. his legal representatives. succeasore and asaigns:
1. To pay all aad singular the prlncipal and intereat and the varioua end sundry sums of money psysble by
virtue oi said promiasory note, and t,his mortgaB0. each sad every. promptiy on the days reapectively the same
eeverally becoma due.
' 2. To pay all and singular t2~e taxes, aseessments. levies, Hsbilities, obllgattons and incumbrances oi every
I~ nsture and kind now on said described property. and/or that hereatter may be imposed. auffered. placed. levied
~ or asaesaed thereupon, andlor that hereafter may be levied or assessed upon thia mortgage aad/or the indebted-
~ ness secured hereby. each and every. when due attd payable acwrding to laa?. before they become delinquent~
and before any interest attaches or any penalty is incurred; and in so iar as any thereoi is of recoid the sarae
~ aha11 be pmmptiy satistied and discharged of recoM and the original oificial dxument (such as, tor instance,
f the tax recetpt or the satisfaction paper oHicially endoreed or certified) ehall be placed in the hands o! aaid
i Mortgagee within ten daye nezt after payment; and ln tt?e event that any thereo! is not ao paid. astisfied and
diach$rged, eaid Mortgagee raay at any Ume pay the same or any part thereoi without wa[ving or atfecting
any option, llen, equity or right under or by virtue ot this mortgage. and the fuli amount o! each and every
such payment at~all be immediately due and payable and ahall bear interest from the data thereo! until paid
at the rats ot ten per centum per annum and together with such interest ahall be secured by the lien o! thi~
mortgage.
s, Tp place and cont3nuously keep on We buildings now or hereatter situate on ss[d land Rrs and windstorm
valt~te
insurance in the ususl stsndard policy form. in a aum not leas thau i•~l~$h~~_~._.IIIS~LiC 1b1e~(1n su com-
pany or compsnies as may be approved by aaid Mortga~ee; and all such iaaurance pollcies on any oi said build-
ings. aay interest therein or part thereof. in the aggregate sum aforesaid or in excess thereof. shsll contatn the
usual atandard mortgagee clause making the loss under said policiea, each and everq, payable to asid Mortgs.
gee as hls interest may appesr. and each and every such policy ahall be promptlp deUvered to aad held by said
Mortgagee: and. not less than tea dsys in advance of the expiration ot each pollcy, to deliver to said Mortgages
a renewal thereot, togett~er with s receipt for the premium of euch renewal• and there shall be no such inaur-
ance placed on any ot said bnildings, any interest therein or part thereoi. utileas in the form and wiW the los~
payable u aforeaaid; and in the event any swa of moneq becomes paysble under such policy or poHctes eatd
y[ortgagee shall have the optfon to receive and apply the aame on account of the Indebtedness secured hereby or
to permit said Mortgagor to recelve and vae it or any part thereo! for other purpose~ without thereb}? araiving
or impalring any equity, Hen or r1ght under or by virtue of Wis mortgag~e: and in the event ssid Mortgagor shall
for any reaaon fail to keep the sald premises so insured, or iW to deUver pr~aptly any oi ~aid pollcNes ot
Inaurance to aaid Mortgagee. or taii pmmpUy to pay fullq any premium therefor~ or ln eny r~espect fail to per-
form, diecharge. eaecute, etfect, canplete, comply wfth aad sbide by thit covenan~, or any put hereot, safd Mortg-
agee may place and pay for such inaurance or any part thereM withont wafv[ng or aifceting aay option. lien. ~
eqWty or right under or by virtue ot thia mortgage. and tbe NU ap~ount ot each aad every sucl~ psi?ment ahaII
be lmmedistely due and payable aad shaU be~r intereat trom the date thereot until Paid at the nte o! ten per
eeatum per aanum aad together wlth auch interest ~hall bs secured bp t1~e Sea oi Ws mortaage.
4. 1b pern~it~ oommit or snfter no wa~te. Impairanent oe 8eterbestion ot u!A propert~ or a~? P~ thereo~
6. 1b pay a11 aad ain8ular tbs cosb. cturgea and e~pensea,, lncludin~ =ea~ouaDle Lvrysr'~ fee~ and cwt ot ;
ab~tncts o! title. tncurrad or pafd at an~ time by w1d y[ortsaaee becau~s aad/or tn the ~vent d ths tatlurs s
an ths p~rt of tM aaid f[ortgagor to dulY. P~PUy ~7 Pa*:o~. d1~c~ar80. a~t~. sKect, campletq,
oorapl~ ~vitL aM ablde Dy each and every t!M atipuLtfau. aare~ment~. oo~editfoa~ and oovenant~ o! ~sid promis-
ioe7? note. ~d tl~fa mortgagr. anf or etther. and sald casts~ charg~s aad apm~e~, ~acD aod everp. ~alt bt iaa
mediste2~ dw aad payable, wDetber or aot thers be aotice. demaa,d. att~aapt to oollsct or sutt perWtng: uaA th~
~ !Wl aenonnt of each aad eren? aicb WYment aha11 beu int~rsst irom tbs dat~ th~e+wt ~mtil patd at the nte o!
tan P~r eenGtn? psr acutum; and all ~aW owta, ~~ar~a aM ~cPo~s ~0 lncurt~d e~ pal4 W~atbre witb sucD 1a- °
t~t+rt. ah~u b~ Matred D7? tb~ 1Nn o! tnf~ mort~ap. , ~
a~ ~74 '784