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Home My WebLink About2878 . . . . . S 25, 000.00 STUIIRT. Fio~~a.. August 19_ .~s ~1 FOR V.\LUE RECEIVED. 1h~ uode~signed. 'oinil and s~verali . PROb!iSE TO P1lY lo ihe ord~: oE. 'r' IRST NATIONAL BANK A~ID T~US~ COa~1PA14~ OF STUART . s ;wenty-Five Thousand and no/100 ($25, 000.00) DOLLI.RS. dIr ixst National Sank &.Trust C.o. .of. Stuart, $ttld~t,F~d._ .ot such oihcr plac~ !h~ holder ~ f nereot mar design~t~ in Mi11?11g. toy~ih~r ~?ith int~r~st troat dai~ ~t th~ c~t~ oE ...8 - p~r c~nlum pes aanum on th~ uApaid ~ bal~nc~ uatil maturitr. Th~ said principal and int~t~s! ~hall M du~ ~~d pay~bl~ Ori Or before one year ~ j ~ t rom date . . a ; l/ del~ult be w~~Ae lor 30 d~r~ ~n tAe p~Ym~at of an7 inst~llment ol Vrincipai ar ~nter~+t er •ny parl l?ereol, thc vAoie •um then rcmainin~ : ~naud ~~tA iwttre~t ~A~II ~t bo~der i eyUeo btcome dw and paYalle w~lAcut we~~ct. Fwdur~ ~a eaercue suc6 op~~o~ sA~ll n~t coa~tiWl~ A~+a:rer centum : .~~At te eaenis~ ~\t same ia tAe ereet of •uA~equeal del~ult. Alter m~~ur~tr AoIA prmcipal aad ~ccrued +:•~ere~t s?sll Sesr iaurr~t at O pe m~tu itr ~w~ tA~ san?~ fs ~luad ~ tY~~* ~ttwee7 K cellect{ew. t?~~w~k~ •,~a~d~ do te?~~?enot ~jre~ te vM+f ~Idcwl~~e1 co11ec1~iM, iwcluliwt`~P, ourt ' coN• ~w~ re~a~a~?N atiMwe7l tee~. Ls~ ~lilliam H Watson . . . _isEAL; WILLI M H. WAT~ON _ _ . -iSEAL) /s/ Susan J . Watson _ . _ _csEx:.y ~ , SUSA J WATSON ~ - : r ~---~c »~.....cS:9xr.i~:~_...»_.__...._...__....._..._...._ i::..._....._......... ° - --...~csEs:::: . and shall duly, promptly and fully pertorm, di~charge, executP, effect, complatP, camply vrith and abide by each and e~~rry lhe stipu;atior?3, agreemenis, canditio:~s and covcnanLs of said promiseory note and of ~ mortgage. then thu moKgage and the estate hereby crnateii sh:ill cease and be null ana ~•oid. lt ~s understood that each of the Konis. "note," "mortqagor' and "mortgagee' respecti~ely and the pron- ouns referr~ng thereto, vrhether in the singular or plural anywhere in thls mortgage, ahall be singular it one oNy and shali be plurxl jointly and severally, if more than one, and shall be masculine, feminine and/or neuter. wher- e~•er the rnntext so implies or admits. . And said Mortgagor for himself and his heira, legal representati~es, successors and assigns. hereby coven- anta ana agrees [O 8I1/~ K1~Ii said 1ltortgagee, his legnl representatives, succe~wrs and assigns: ~i 1. To pay all and singular the principal and intereat and the various and aundry aum~ of money payable by ~ virtue of said promissory note, a.1d thi~ mortgage, each and every, promptly on the day~ respectively the same ~ ae~erally become due. ~ 2. To pay atl and ~ingular the ta~tee, as~es~menis, le~ies, liabiUties, obiiRalions and incumbrance9 0[ e~etq nature and kind now on said descnbed property, and~or that hereafter may be impo9ed, auffered, placed, le~ied ~ or assessed thereupon, andi or that hereafter may be le~•sed or assessed upon this mortgage and%or the indebted- ness secured hereby, each and e~er}. ~~hen due 8hd QAyable accorciing to law, before they become delinquent, ~ and bafore an~ interest attaches or any penalty ~ inre~rred: and in so `.ir as any thereof is of record the same j shalt be promptly satisfied and discha eed of record and the onRinal u[ficial document (such as, tor instance, ~ ;he tax receipt er the satis[aciion paper officially endorsed ar certified? shell be placed in the hands of aaid ~tortgagee w~thin ten days next after payment; and in the e~ent that any thereof is not so paid, satisfied and ~ discharged, said 1?fortRagee may at any time pay the same or any part thereo[ v?ithout wai~ing or at.*ecting an~ op.~~n. lien. equ~ty or nghl undcr or bt• ~-~rtur of this mort~;age, and lhe full amount of each and e~ery ~ such ra~ment ahall be immediately due and nayab;e and shall bear interest from the dnte thereof until paid at [he rate o[ ten per centurn per annum and t~~geih~r wzth such inierest shall be secured by the lien of this cr.ort~;age. 3. To pla~ e and continuously ke~p on the buUd~n;;s nuw or hereafter aituate on said land flre and wlndstorm . . value insurar.ce in the u~ual standard polic~ form, in a~urti not less than li ~~G..S.t ..1.~1.S.ll.~.~.~'i_.~.~.~., in sueh com- pany ur comp-:ii~•s as n~ay be appro~•ed b~ clid ~tor'ratre: an~f all such insunnce policies on any o! st+id buiid- in~;s, any intPrest therein or part thereof, in the a€~r~ ~ate sum aforesaid or in exce9s thereof, ~hall contain the ~cuai ~tan~iard m~rt~;agP~ C13.15P makinR the L~~s ur.d~~r a-~?d policies, each and every, ~ayable to said Atortga- gee a~ his mterest ma~ apF4s= an.i ench ar.d c~•e: ~ s:~~~h ~~luy shail be pmmp!ly delivered to and held by said ~(orikagre: ar.d, not less thaea n davs in ad~•an~ e of the rxp~ration of each policy. to deliver to s+t1d btor~gagee ' a rene:~•al thereof, to~ether v~-i:n s receipt tor ihe premi:im of aurh renewal: and there shall be no such insur- ~ ance rlared on am• of said t~r ldinR9, an} ~nterest therein or part lherEwt, unles~ in the form and with the loss pa~•ahle as a:oresa,d: and ~n cne e~-ent any sum ot mooey become~ payable under such poiicy or policies said 1liorts:a~ee shall ha~-e the opti~~n to r~ ce:~-e and apply the same on account ot the indebtedness ~°.eureci hereby or ~ to fwrmit y.l.d ~tort~a~or to recei~•e and u=e it or an~ part thereot for other pu~o~es without thereby Hai~~ing - or impairin~ an~ equity. lien or nFht under ~~r by ~•irtue of this mertgage: and in the event said ~tortgaRor shall for :~r.y rras~~:i fait to {(PP~ u1P ~ai~i premccrs vn in~ur~d, or fail to deli~er promptly an~ of said policiea o! ~ in~urancr !o s.~sd ~inrtR:?Re•e. or fail prompll~ to p~~• (aUy any premium therefor, or in any reapect tall to per- ~ form. d~~char~e, exc~-u,~. ~ffe~[, comptete, comply «~th and abide Dy thia co~enant, or any part hereof, said 1liortg- a~:e~ msy plare and pa~ fnr such inaurance or any par[ thereof .~ithout vrai~ing or atfecting any option, lien, eqmty ~r nRht undi~r or b~ ~•~rtue of this mortRage. and thc fuU amount of each and every auch payrnent shall ~ be immed~ately du~ and pa~•able nnd shall bear intPre~t from the date thernof unttl paed at the rate of ten per ~ centum per annum nnd toRether u~th suc~ Interest shall be eecured Dy the lien ot this mortgaRe. ~ ~ 4. To permit, commii or ~uf[er no waste, impairment or detertoratlon ot satd property or nny part thereot. ; ~ 6. To pay all and ainFular the co~ts, charge~ and eapenses, including reasonable lawyer's fees and cwt o! ~ abatracta o[ tiUe. Incurred or paid at any time by ~atd 1?tortgngee becaux andfor in the event of the failurs on the part ot the said btortga~or to duly, promptly and tully peKorm, discherge, eacecute, effect, complete, comply wtith and abide by ea:h and every the stipulationa, agreements, condiUon~ and covenante of sa~d promis- aory note, and thi~ mort~age. any or elther, and ~aid costa, chargea and expeneea. each and every, ihall be lm- r mediately due and payable, whether or not there be not~ce, demand, attempt to collect or sult pending: and ths full amount ot each and ever~ auch payment ahali bear intereat trom the date thereof unt11 pald at the rate of ten per centum per annum: and all eafd costa, cDnrgea ~nd e~[pense~ ~0 lncnrred or Pa~d. toB~thaT ~1~h ~uch fn" tereat, ~hall Ds ~ecured by the llm ot Ws mortgsge. ~ go ~ ~s4 zs~s ~ ~ . ~ ~ ~ . ~ ~ . _ . . - _ . _3 ' : .