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HomeMy WebLinkAbout0755 • a 15, 750 _ OQ___~ Siuart, ~lor,da.--~pri 1 21 , 19 70 For value ~eceived, 1, we, or either of us jointly and severally promise to pay in lawful money of the United States of America to the order of FtRSt NATtONAI BANK OF STUART at its office in this city ihe principal sum of_ FIFTBEN THOUSAND .$~Y~N HUND~BD._!I!='1'Y--ADTD-N(}/~~4A-----.--_~_~---..~~....-- Dollars ' toge~her with interest (~om date at the rate of S per centum pe~ annum on the unpaid balanc~ umil paid, said principal and interest Io be p~yabk as folbwa: 1~ mp~thly ioafallments or 9ns_ hundred_ ninaty _ nne.. aad...ll/10~~ ~9~ s~~ ) includ;ng inicresl, on the 2~$.~ . day oi e~ch month beg~nn~n9 on ~he ZZBt d~y of . . ~y. _ _ _ . . _ _ , 19.70-- and continuing oo !he 218t day of exh and every momh thereafter untl the 218t__. day or April 1q 8~, on whah said date rhe entire bafance of pr~nc:pa! and inte~est then unpaid shall become due and payable- Each payment ~s to be applied fisst ?o interest and ~he balance to prl~cipal. In case sa~d insrallrn~nu, or any of thcm, are not paid w~thin 15 days aher the same become due, the whole of said princ~pal and interest s~m shall torthw~th become due and payabie ar the opt~on of the holder of th~s note. We, the make+s, svreties, endoners and gusrantwt of this ~ote, hereby severafly waive presentment iw psyment, notice of non-payment, protest snd nolice of protest, and dilipence of bringing s~it against any puty thereto, and consent that time of payment may be extended without notice 1he.eof to sny of the sweties of this notr. Now, shovld it be neteuary ro mlkct this note through an a»a~+ey, each of us, whether maker, surety or e~dorser on this note, hereby agree tp pay all coats of iaid colkction, includ~rg a reasooabl~ attorney's fee. Sa7d bank is he~eby expressly autFarized fo retain any genera) w special deposit, collaterst, real or personsl security, or the proteeds thereof, bebr~- ing to either of w, now or hereafter in the posseu'an of it during the time lhis note remains unpaid, ~nd befwe w aNer mat~rity hereof may apply the same to this w any other debt w liabilities of e~ther of us to uid bank, dve w to become due. Given unde~ th~ hand ud seal of each party. FL~RIJA 1)OCUA1E~fTARY S7''.1~ TAX AFFIX~D TO p~'C,tNA~ ~,;;lc AND G1tC£ILfG P.O ls/ Richard A. Little, Jr. ~~a~~ Richard A. Little, Jr. No.__. Due^ L.ori ta H~t ettle (~a~) Lorita H. .o.. and ahall duly, prnmptly and tully perform, discharge, execute, etfect, complete, r,otnp]y vv~th and abide Ey each and everp the stipulations, agreements, conditions and covenants of said promissory note and ot this mortgage~ then thls mortgage and the eatate hereby created shall cease and De null ana vo~d. It i~ understood that each of the wonis, "note." "mortgagoY' and "mortgagee" respectively and the pron- ouns referring thereto. whether in the singular or plural anywhere in thla mortgage, shall be aingular if one ody and ahall be plural jointly and severa[ly, i[ more than one, and shalt be ma.4culine, feminine and/or neuter. wher- ever the context ao implies or admits. Md said Mortgagor for hlm.~elf and hia heirs, legal representatives, successors and a~igtu, hereby coven- anta ana agrees to and wifh said biortgagee~ his legal reptesentatives, succesaors and assigns: 1. To pay sll and singular the principal and interest and the various and aundry sums of money payable by virtue of said pmmissory note. sad thia mortgage. each and every, prompUy ~n ihe day9 respectively t1~e same aevetally become due. Z. To pay all and ~ingular the ts~xes, assessments, levies, liabilitie9, obli~ations and incumbrances of every nature and hind now on said described pmperty, and/or that hereafter may be imposed, autfered, placed, levied or as4essed thereupon, and/or Lhat hereafter may be levied or assessed upon this mortgage and/or the indebted- ness secured hereby, each and every, when due and payable according to law, before they become delinquent, and before any interest attaches or any penalty is incuned; and in so far a9 any thereof ia of record the same shall be promptly satisfied and discharged of record and the oriqinal off~cial document (auch as, tor instance, :he tax teceipt or the satiafaction paper officially endorsed or certified l shall be placed in the hands of said Mortgagee wi[hin ten days next after payment; and in the event that any thereof is not so paid, satisfied snd discharged~ said ~tortgagee may at any time pay the same or any part thereo[ v~~thout wai~ting or affecting ttny option, lien, equity or right under or b3~ ~•irtur. of this mortgage, and the ful! amoun[ of each and everq r such payment shall be immediately due and payabte and shall bear intemst from the ~ate thereof until paid ` at the rste ot ten per ceniwn per annum and together with svch interest shati be aecured by the lien ot thi8 mortgage. 3. To place and continuously keep on the buildinRa now or heteatter aftuste on said land fite and windstorm ~ value = inaurance in the usual standard policy form, in a sum not les9 than Y.h~.Ph~S~.__j.riSllr1h18,1 tn such com- pany or comp^nies as may be approved by sai~l Alortga~ee; and all such insurance policies on any ol said build- ings, any interest therein or part thereoi, in the a~~regate sum a[oresaid or in excess thereof, shall contain the usual standard mort~agee clause making the lu~s ur.der said policie9, each and every, payable to said Mortga- See as his interest may appear, and each and e~•ery su~•h policy shall be promptly delivered to and held by said Mortgagee• and, not less than ten days in ad~•ance of the expiration of each poUcy, to dellver io sriid Mortgagee a renewal ~thereof, toAether with a receipt for the premii~m ot v~~oh renewal; and there shall be no auch insur- ance placed on aey ot said buildings, any intemst therein or paK thereot, unlear in the form and with the lose j payable as atoresaid; nnd in the e~•ent any aum ot money become~ payable under such poHcy or policies said y biort~agee shall have the option to receive and apply the same on account of the 1nd$btedness se¢ured hereby oe to permit said MortRagor to receive and use it or at~y part thereof tor other purpo~es without thereby waiving ~ or impalring any equity, lien or right under or by virtue of this mortgage; and in the event said Mortgagor ~hall ~ for any reason fail to keep the said premises so insured, or fail to dellver promptly any of sald policies ot ~ fr~suranre to said 24tortgagee, or fail prompily to pay fully any premium therefor, or in any respect fail to per- ~ fotm, diacharge, execute, effect, complete, comply K'lt}I and abide by this covenant, or any part hereof, said 1liortg- ~ agee may place and pay for such insurance or any part thereot withoui walving or affecting any option, lien, - equity or right under or by virtue ot this mortgage, and the full aqio~mt ot each and every auch payment shall S be Immediately due and payable and ahall bear interest fram the date thereof until paid at the rate ot ten per centum per anaum xnd togeLher wlth auch lnterest ~hall be aecured by the lien of thla mortgage. 4. To permit, commit or auNer no v~a~te, impairment or detedoratton oi aaid pmperty or any part thereot, i 6. To paq s11 sred ain~ular the co~ts, chargea snd expenses, including reaaonable lawyer'e feea and cwt ot ~ abatracta oi title. incurred or pafd at any time by aaid Mortgagee because and/or in the event oi the faflure on the part ot the ssid Mortgagor to duty, promptly and lWly perform. dlscharge, racecate, ettec~ complete, ec comply wlth and abide by each and every the stlpulaUons, agreemeate, conditton~ and covenante of said promis- eory note, and thla mortgage. anp or either, and said costs, charges nnd expensea, each and every, ehatt be im- mediately due and payable, whether or not Lher~e be notice. demand, attempt to collect or suit pending; and the ftill amount ot each and every such psyment ahall bear interest from the date thereof unW pald at the rate oi ten per centum per aimum; and all eatd coete, charges snd ezpeoee~ eo tncuned or paiQ Logether with such !n- tere~t, ~hW be secvred by the 8ea of thfs mortgage. . BQOK~~~ PAGE ~ . _ : " ~ ` . _ ~K_ .