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Home My WebLink About1618 i ~ ~ 5-.- - , y _ _ = ~ Stuart, Florida, ' _ • 19 12 ~ ~ ~ ~ For value received, 1, vse, or either of ns jointly and severally promise to pay in lawful money of the United States of ~ t ~ America to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in th;s city the principal ~ ; , . , sum of . . . _ . . . . . = - - - ~ - - - - - - - - - - - _ _ _ _ _ - - - - - - - -~Ila s - 1_ ~ ~ - - - r ` rog~ti+~r with int~nat from d~t~ at tlw r~N of pK unwm p~r annum on ti+~ unpa~d balu,c~ until paid, s+id prinupat ~nd ~m~r~it to b~ payibb a ~ ! folbws: In mon~hly inir~llmsnM of . . . > i . . ? G CI ~ ) ~f~ ui« i ~ . ~ j ) (ncludir+p int~rest, on tM ~ ( , • ' ~ :i i i ~ . 19 11. ( 1~. t- • day of eath mor~th inni ~ b~9 ^L on fh~ L'.- day of - ' _ . - I i , t i ~ and continvirp on t!r ..1 d~y ot ~~ch and ~w.y mon~h thenah~. vntil th~ 1 t.1 day o} ' I' 1 1 ~ 19 . on which s~id da~ ?M ~niire bal~nu of printip~l ar~d inttrp/ then unpaid shall become d~e and paysble. Eac1~ payment is ro be •pplied ; f~nt ro intlrftt 1If! Ffil~nt~ f0 principal. 1~ cas~ s~id ie~st~llnw+n, w u?y of fhem, are nor p~id wirh~n 15 days affer rhe same becwns d~e, fhe whol~ ~ oi a~id princip~l snd intsrpt sum tha!{ forthwith becom~ dw ~nd p+y~bl~ st the opt;o~ oi the hotder of ?h~s note. 4 ~ ~ We, Ihs maken, surefiy, Qndorun and 9wranton of this note, hereby severally waive presentmrn~ for payrxnt, ncr'ce of ncn-payr+ent, prorsst and { ~ nc,tic~ 01 prottst, ~nd d~liqenc~ of brirqinp avit ~aint? ~ny party ttw»% sn3 consenr that rim~ of p~yment may be exrended w:~ho~t nonce ~hercof to } any of IM sunti~s of Mis nob. 1{ 1 Now, should i~ b. neoa•.ry ro ooll~n Ma noM rhrouyh an attorrky, ~~ch oi ~s, whether msker, wrery w endorur on th~s nore, hercby agree to pay ~ •11 cosh of s~id colbcran, includinp a naonable morMy'~ fK. ~ ~ Sa~d bank is hK~b ~x ess ~uthorind ro rerun sn ~ Y P< <Y Y ytnsra! w tpeci~l depos~f, coUaferal, reil a personal sewr~ty, w the proceeds nc~reof, be!ong- ~ng to ~ithsr of us, now w h~reaft~r in tM poueu~on of it during the t~m~ ?his note rema~ns uapaid, and befo~e or affer maturity he.eof may app~y the •ams ro this w~ny othe. d~bt o~ liabiliti~s of ~~tF,er of us ro said bank, dw or ro become due. G~ve~ under ~he hand and ssal oi exh party. F'~QI~,'i r. : . ~ . ~ . ~i~ f~.:: ~ ( P. O /s/ Dennis W. Patrick, Jr. ---(Seal) ' . ..__t -~1. No Due /s/ Nancy M. Patrick _ _~~a~~ .i~ . • c...rlM •v . and shall duly, prompLly and fully perform, discharge, execute, effect, completP, comply vrith and nbide by eactr and e~~erv the stipulations, agreements, conditions and covenants of said prom~ssory note and of Lhie mortgage~ then this mortgage and Lhe estate hereby created shatl cease and be null and votd. It is understood that each of the worcla, "note." "morLgagoY' and "raortgagee" rrspecUvely and the pmn- ouns referring thereto, whether in the aingular or plural anywhere in thla mortgage. ahal! be ainguler 3f oae only and shall be plural joinUy and severally, it more than one, and shall be masculine, teminine and/or neuter~ wher- e~~er the context ao implies or admits. Md ~aid Mortgagor for him~elt and hia heitn~ legsl representatlve~. successora and aulgqs, herebq coven- anta ana agrees to and with aaid Mortgagee, hia legal repreaentative9, succesaot8 and assigns: 1. To pay eill aad singular the principal and interest and the varioue and aundry aums of money payable by vlrtue of said promiseory note. and this mortgage, each and every. promptly on the daya reepectively the sams aeveraUy become due. 2. To pay all and aingular the taxea, as~essments, tevies, IlaDilities, obllgations and incumbrances of e~ery nature and kind now on 9aid described prnperty, and/or that hereatter may be im~osed, auffered. placed, tevied or assessed thereapon, and/or that 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 Decome delinquent, and before any interest attaches or any penalty is incurred; and in so `ar as any thereo! ia of record the sams shall be prumptly satisfied and discharged ot record and the ongina: official document (auch as, for instance. Lhe tax receipt or the satis[action paper officially endorsed or certifiedl shall be placed in the handa o! s!aid ~iorigagee within ten days next after nayment; and in the event that any thereof is not ao paid, satistied and discharged, said I~fortgagee may at any time pay the same or any part thereot v~lthout wai~~ing or afiecting any optibn, tien, equity or right under or by ~•irtue of this mortgage, and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the date thereot until paid at the rate of ten per centwn per annum and together with such interest shall be aecured by the lien of this mortgage. 3. To place and -coatinuously keep on the buildin~a now or hereafter aituate on said land fire and windstorm . value insu~ance in the u.aual standard poticy form, in a sum not tess than =..highest 1T1$}~~_a}~Zg_, in such com- pany or con~p^nic•s as may be approved by said Mortgagce: and all such insurance policies on anq ot eaid build- ings, any interest therein or part thereof, in the aR~regate sum a[oresaid or in excess thereof, ahall contain the usual standard mortgagee clsuse making the loss ur.der said policiea, each and every, payable to said 1lfortga- gee as hie interesi may appear, and each and e~•ery su~•h policy shall be promptly deli~ered to snd held by aaid 1liortgagee; and, not less than ten days in ad~•ance of the expiration ot each poUcy, to dellver to said biocigagee a renewa! thereof. together with a receipt for the premium of Pu~h renewal• and there ahall be no such insu~- ance placed on any of :aaid builJinga, any interest therein or part thereot, unles~ in the form and with the loss payabte aa aforesaid: itnd in the e~~ent any aum of moreey becomes payable under auch policy or policiea said Mori~agee shall ha~•e the optlon to receive and apply the same on account ot the indebtedness secured hereby or 9 to permit said Mortgagor to receive and uce it or any part thereot for other purposea without thereby waiving ar impairing any equity, lien or right under or by ~irtue of this mortgage: and in the event said Mortgagor ~hall for any reason tAil to keep the said premi~es so insured, or fall to dellver pmmptly any of aaid policies of insurance to said AlortgaRee, or fail prompily to pay fully any premium thenfor, or in any respect fail to per- form, d~scharge, execute, etfett, complete, comply with and abide by this covenant, or any part hereof. aaid 14iortg- nRee may place and pay for such insurance or any part thereoi without waiving or affectlng eny option. )ien, equity or right under or by virtue of thia mortgage, and the (ull atriount of each and every such payment ahall be immediately due and payable and shall bear interest tram the date thereof unt11 paid at the rate of ten per centvm per annum and together with auch 3nterest ~hal1 be secured by the llen o! thL mortgage. 4. To perrNt, commIt or avffer no a•asste, impairment or deterioraUon of safd property or any part thereol. 6. To pay aIl and aingular the cwts, chargea and expenses, Including reasonable lewyeYs feea snd coet o! abstracts ot tiUe, tn¢urred or pafd at any tlme by sald Mortgsgee becauee snd/or in the event of the fallurs on the part ot the said Mortgegor to duly, promptly and iWly perform, discharge, ezecute, e[fect, complete„ comp.y v~~lth and sbide by eacb and every the aUpulatlone, agreemenU, conditlona and covenants o! aaid promis- aory note, and this mortgage, anq or elther, and aaid costs, charges and expenses. each aad every, shall be lm- mediately due and payable, whether or not there be notlce, demand, attempt to colkct or euft pending: and the tull amount o! each and every such payment shall bear interest fmm the date theteot untU patd at the nte o! ten per centum per annum• and all aafd coetw, eharges and aupanss~ w lncurrsd or patd, togetaer w?Ith sucb !n- terest, ~1~aU Ds Kcvred by the llen oi thls mortgage. s1~~ 3;34 ~asciy37 ` 5 socK 1~ Pac~16~7