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Home My WebLink About2072 For value received, 1, we, o~ either o~ us jointly and severolly promise to pay in lawful money of the United States of t r America to the o~der of FIRST NATIONAL BANK OF STUART at its office in this city the principal sum of _ , ~ i Sixty_ Thou~al~d ~ !'14«09-~r---_---_-_---.--_----------~-_--,....-~~.~-~._-s.-..~,.,.~_Dollars - ~ Iogelher wilh intcrest from date at Ihe rate of 8. p~r «mum per annum on tht unpaid balanc~ ~ntil paid. said principal ~nd intt~~~t ~o b~ payabl~ u • Fivr ciur1c91Ceci , ~.•vc~n. '~'h . ^ f~5 73.42 ~ j«~ud:n~ ~~..eit, w, ~n. folbws: In momhly u+st~llrt~e+~n of _ -~y- --~-*-4--~.~~,i`~V 1 ~~i~llars 1~~ . . day of each rta+?th beginning on tM . . day of . ?~Y.--.-----------.----._..- _ _ . _ . 1970---- aod conimuirg on ~he 19~- . d~y of s~ch snd ~wry mon~h thereafter untl th~ 19~-----.. day of ...--.!T.~-- _ 1ST'~ , on which said date the enlire balanc~ of princip~t and inrerest then unpaid ihall b~com~ dw and payabk. Each p~ymem is to be ~pplied first ro interest and the b~lsnce to principal. In case said inatallments, or any of /hem, ~r~ not psid within 15 days after the iamt becortK due, tM whol~ of sa~d principal and intaest sum sMll forthw~th become due and p~yable at the optan of tM hokle~ of thu note. We, th~ maken, swetiet, ~ndorsen ~nd guaranton of thia note, hereby sever:lly waiw presantm~nt for payment, notic~ of oon~paymsnt, prot~t and notice of protest, snd d~lipe~ce of bringing svit ~p~inst sny party thereto, and consent tMt tims of psym~nt may be ~xtended wi~hovt notiu thereof to any of th~ tweties of Mis note. Now, iF~ould it be necess~ry to colkct this noro thraph an attwney, each of us, whethe~ m+kN, surety o~ endorsa on this note, h~reby ap~e~ b p~y sll costs of aid collection, ~cludinp ~ reasonabl~ atton+ey's fe~. 5a~d bank is_hereby exprculy authorized ro retain any general w special depoait._collateral, real o~ personal secw~ry. w the proceeds thereof, btlag• irg ro either of w, rw~w w hertafter in the poueu'an of it dwinp the tirrK tha nota remains vnp~id, and befon w afta mawriry hereof may ~pply th~ same to this w any othsr d~bt w liabilities of eith~r of vs to said bank, due a ro b~oome due. Giwn und~r ths hand and s~al of esch party. FLORIDA OOCUMENTARY STM+!P T/?)( AfFIXE~ TO OR'G~NAL ` ..iQ AND CANCEllEO P. O iSTidm~l r Brs aeas s or'pal~f the Dixese of Gr2ando~ a corp- oration sole Na- Dup (Seal) /M~IM ~and ahall duly. pmmpUy and fully perform, djacharge, execute, effect, completr, comply wtth and abide by each and every the stipulations, agrcements, conditione and covenants of said prom~ssory note and o! this mortgage. then this mortgage and the estate hereby created shall ceaee and be null ancl void. It ie understood that each oi the wonie. "notq" "mortgagoY' and "mortgagee" reapectlvely and the proa- ouna referring thent0. Wbether in the singular or plural anywhere in thia mortgage, ahall be singular if one only and ahall be plural jointly and severally, if more than one. ~and ahall be me9culine. feminine and/or neuter. wher- ever the oontext so impliea or admits. ' ; And aaid Mortgagor for himself and hia heirs, legal repreaentstives, auccessors and aaslgns, hereby ooven- aats ana agrees to aad with said Mortgagee. his legal representatives. successore and assigns: 1. To pay sU and singular the principal and interest and the various and sundry sums oi money psyable b~ vlrtue o! said promissory note, and this mortgage~ each and every. promptly oa the days nspectively the same severallq become due. Z. T~ pay all aad ~ngular the twcea, asaeasments, levies, liabilities. obUgatione and 1nc~unbrances ot every ' nature aad klnd now on said deacribzd property. and/or that hereaiter may be imposed, auflered, placed. levied 't or asse,ssed thereupon, and/or that hereafter may be levied or assessed upon thls mortgage and/or the indebted- i neas secnred hereby, eacb and every. when due and payable acrnrding to law. befon they become delinquent, I and before any intere9t attaches or any penalty is incurred; and in so far as any thereof ia oi record the saras ahall be promptly aatisffed and diacharged of record sad the origina! official document (such as, tor lnstauce, , ihe tax receipt or the saUefactioa paper offtcially endorsed or cert~edl shall be placed in the hands of said Mortgagee within ten days aext after payment; and in the event that any thareot is not so pald. eatisfied and discharged, said Mortgagee may at any tlme pay the same or any part thereot wiWout waiving or aftecting any optiDn, lien, equity or right under or by virtue of this mortgage. and the full amaurtt of each and every such payment shall be immediately due and payable and ~hall bear inlerest from the date thereof until paid at the rate oi ten per centum per annum and together wilh such interest ahall be secured by the Hen of thL mortgage. S. To place and continuously keep on the buildinga now or hereafter situate on satd land flre aad wlndatorm }~ighest insurable/value insurance ta the usual standard policy form, in a sum not less than s=-.-•-••-• !n auch com- panq or companies as may be approved by eaid Mortgagce: and all such lnaurance pollclea on any oi said build- t ing~, anq interest therein or part thereot~ in the aRgregate sum atoresaid or !n excaas thereo[. shall contain the usual standard mortgagee clause making the loss ur.der arud policies, each and every, payable to said Mortga. gee as his lnterest may appeat. and each and every such policy shall be promptly delivered to and held by said Mortgagee; and. not lese than ten days in ad~~ance of the expiration of each pollcy, to deliver to said Mortgagee a renewal therPOf, together with a receipt for the premium of ~ttlrh renewal• and there ehall be no such insur- ance placed on any of said buildings, any interest therein or part thereof. unles~ in the form and with the lost payable aa atoresaid; and in the e~ent any aum of money becomes payable under such pollcy or poliCiee said Mortgagse shall have the option to receive and appty the same on account oi the fndebtedneas secure~ bereby or to permit said Mortgagor to receive and use it or any pArt thereoi for other purposes without thereby waiving or impairing any equity, lien or right under or by virtue of thia mortgage: and 1n the event said Mortgagor ahall for any reaaon fail to keep the safd premi~es so insured, or fail to deliver promptly any ot asid policies o! lnsurance to aaid Mortgagee, or fail prompUy to pay fully any premium theretor, or in any cespe~ct fail Lo per- form, diacharge, execute, effect, complete, comply with and eblde by this covenant, or any part henot, aaid Mortg- , agee may place and pay for such insurence or any part thenwt without waiving or affectlng any option: lien, equity or rtght under or by virtue of thls mortgage, and the t~ll aq?ount of eath and every such payment ahaD be immediately due and payable and ahsll bear interest irom the date thereo! untp patd at the rate ot ten per centum per annurn and together with such intereat ehall be eecured by the lien of thls mortgage. 4. To permf~ commit or suffer no waste, impairment or deterioratlon ot aatd property or any part thereot. ~ 6. To paq a11 and singular the coets, charges and expenses, including reasonable lawyer's fees and cost o! abstracta ot title, incurred or paid at any time bq safd Mortgagee because and/or fn the event ot the fatlurs on tha part ot the satd Mortgagor to duly, promptly and llilly periorm. dlscharge, e:ecute. effect. complets. coraply with and abide by eacb and every the stipulatlons, agreemsnts, candiUons and covenanb of esid pmmis- wry note, and this mortgage. any or efther. ~sad said cost~, charges aad ezpeases, each aad every. ahall be im- mediatdy dne and payable, wLether or not thera be notice. demand, attempt to collect or sutt pendfng; aad tt?s full amount of each and every such psyment ahall bear interest from the dste tbereof untll patd ~t the rate o~t ten per centum per aneum• and ali satd cost~, charga sad ezpenees w incurred or pattl. Wgetber wlth sucb fn- tsreat, sDW bs ~ecured by tbe llea o! thfs mortgags. DOOK 1~J PkGE ~U /O ~ : - - ~ . ~ ' 3 ~ ~ ~ +'r~Y.,' ~'~-3+r ~ -i.z' ~ y, l 5"s-:~ ~~~r~~t.r' ~ . .v-~ -~.rY_...'~,.,~'~~,,Ym„~r~'~"~'~-~'`~.~C~'_ , " ,~'W £ ~~4~ _ _