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Home My WebLink About0517 , s = Stuart, Florida, ~ , 19.r.r ~ For value ~eceived, we, or eithe~ of us jointly and aeveraily promiss to pay in lawful money of the United States of Amerita to the o?der of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at ita office in this city the printipal ~ Z~A1I7t FIYE Tfi~T~+I~ A2~9 t~0/1 sum of~___~____~___________----------- lars top~tMr with ietKest hom dah ~t t!» ~aN o~!~ pN antwn pN w?wn on th~ vnpaW bataou until p~id, i~id princip~! M+d innrKt ro b~ payabb a ~ follprvu t Prin~cipal end iatersat dus,on or b~faar 1 year E , , ~ In cau s+id Uut~llmcnts, w any of th~m. ah not p~id within 15 days afea tM Hm~ t»come dw. tht whol~ of said pri~?c;pal aid i~taest swn shall iwthwith become dw and payabb ~t th~ option of the MM~r of this ~?ot~. We. the makan. surefks. ~ndorsen and puu+nton of tlwi taM. hereby :swrally w~iw presenrmtnt for psymer?t. notioe of non-payment, praest and notia of protat, and diliyence of buginy suit ~p~irat any puty tMreto, ~nd consent that tirrw of paym~nt may be extended without notia thcreof ro any of ~h~ suroties of this nW~. Now, should it b~ n.seuuy ro aolkct ~ha na~ ~hrouph sn arrorn.y, e~ch of us, whethe? maka, swety or endorser on lha oo~e, hereby +gree w p+y •11 cosb of said ooll~ction, includir+p a reuonsble attan~~/s fee. Said bank is M~by expreulY ~uthorized to rolain a~y yN~trsl or sp~ti+l deposit, cdlattral, real w penon~l security, w ths protceds ti+ereof, belorp~ irq b e+ther of us, now w he?eaft~r In tFa posseulon of it dwirp t!k tims thp r+oM remsiris uopaid, and lufore or sfter m+t~rity hereof maY ~pply tM ssm~ ro this or sny other debt or liabilitws of atlMt of us a uid buJc, dw or ro becane due. Given under ~he hH?d u~d seal of esch psrty. P. O. /e? Walter H. Nitz, Jr. (,eal) . i-ialter H. Nit~, Jr. /q/ Charlotte J. Nits ' ' No Due o ~ $ 4 and shall ~duly. promptly and iully pc~form. dischuge, execute. effect. complete, comply with and abide by each and ~wery • the stipulations. agrecments, conditions and covcnants of said promissory note md of this mongage. then this mortgage and the cstatc hereby crcated shall cease and be null and void. It is understood that each of the words, "note," "mortgagor" md "mortgagte" respectively and the pronouns referri~' thereto, whether in the singular or plural anywhere in this mortgage, shall be singular if o~ only and shall be plural joqttly and uveraUy, if more than one, and shall be masculine. feminine and/or neuter. whercver the context so implies or admits. And,s~id Mortgagor for himselE and his heus~ legal repnsentatives. successon and auigns. hereby rnvenants and agrees to and with said Mortgagce. his legal representatives. successon and assigns: 1. To pay all and singular thc principal and intesest and the vuious and sundry sums of money payable by virtue df - said promissory notc. and this mortgagc, each and every. promptly on the days respectively the same severally become due. 2. To pay all and singutu. the taxes, asscuments, levies. liabilities. obligatans and incumbrantes of every natuie and kind now on said dexribed propcrty, md/or that he~eafter may be imposed, suf~ercd, placed. levicd or assessed thereupon. and/or that hereafter may be levied or assessed upon this mortgage and/or the indebtcdness securcd hereby, euh and every. when due and payable according to law, before they become delinquent, and betore any intcrest attaches or aay penalty is i incurred: and in so fu u any thereof is of rccord the same shall be promptly satisCed and dischuged of rccord and the ~ original oECcial documcnt (such as, for instance. thc. tax receipt or the satisfaction paper o(~cialiy endorsed or certified) shall ' be placed in the hands of said Mortgagee within ten days next after payment; and in the cvrnt that any thereof is not so paid, satisfied and`d"ucharged. said Mortgagee may at any time pay the samc or any part thercof without waiving or affecting ~ aay. option~ lien. equity or right under or by virtue of this mortgage, and the full amount of each and every such payment shall be immediatcly due and payable and shall bear interest from thc date thcreof until paid at the rate of ten per centum per annum uid together with such intenst shall be securcd by the lien of this morigage. - 3. To place a~d continuously kcep on the build'mgs now or hercafter situate on said land firc and windstorm insurancc in the usual standud policy form. in a sum not less than'the highest insurable value. in such company or companies as may be approved by said Mortgagce: and all such insurancc policies on any ot said buildings. any interest. therein or put thercof. in the aeareaate sum atorcsaid or in exceas thereof, shall contain the usual standud mortg~ee clausc making the lou under said policies. each and every. payable to said Mongagee u his interest may appear. and each and every such policy shall oe promptty delivered to and held by said Aiortgagce; and, not less than ten days in advance of the expintion of each policy. to dcliver to said Mortgagee a renewal thereof~ together with a receipt for the prcmium of wch renewal; and therc shall be no wch insurance placed on any of said buildingi, any intercst thercin or part thercof. unlcss in the foim and with the loss ~ payable as aforesaid; and in the tvent any sum of money becomcs payable under such policy or policies said Mongagee shall have the option to receive and apply the same on urnunt of the indebtedness secured hereby or to pertnit said Mortgagor to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity, lien or right under or by rinue of this mortgage; and in the event said Mortgagor shall for any nason fail to keep the said premises w insurcd, or t fail to deliver promptly any of said policies of insurance to said Mortgagec, or fail promptly to pay fully any premium there- for. or in any respect fail to pertorm. discharge, cxecute~ effect. complete. comply with and abide by this covenant, or any part hereof, said Mortgagce may place and pay for such inwrance or any part thereof without waiving or affecting any option. lirn, equity or right under or by virtue of this mortgage, and the full amount of each and every such payment shali be immediatcly due and payabk and shall bear intercst from the date thercof until paid at the rate of ten per centum per annum and together with such interest shall be secured by the lien oE this moctgage. 4. To permit. commit or suffer no waste. impairment or deterioratan of said propeny or my part thcrcof. 5. To pay all and singular the coats, charges and expenses, including reasonable lawyer's fees and cost of abstracts of title. incurred or ptid at any time by said Mongagee because and/or in the eveat of the fa7ure on the part of the stid Mortgagor to duly. promptly and f~illy perform~ d'ucharge, execute, effect~ complete. comply with and abide by each and every the stipulations. agrcements. conditions and covenants of said promissory note, and this mortgage, any or either. and said costs, chuges and expenses, each and every, shall be immediately due and payable, w6ether or not then be notice. } demand, attempt to collect or suit pending; and the full ~nount of each and every such payment ~hall bear interest from the date thereof until paid at the rate of ten per centum per annum: and all said costs~ charga and acpen~es w incurred or paid, : < together with such interest. ~hall bc secured by the lien of this mortgage. ~ ; - ~ sooK 273 PACE 514 ~ - ~ . F . . ..w _ . . .,~,.,_.s. `~~.r,~.:+,:; .:f -