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HomeMy WebLinkAbout0262 ; ~ vai~ tro~iwd. 4~. a~ither of ut jantly ind Mvtr~lly ptomist to pay in lawful mc~n~y of th~ Unl»d StNK of ~ ; /?n~tq to 1h~ prd~~ nf fIRST NATIONAL 9~1~?NK ANO TRUST COMPANY OF STU~?RT at in oH'sc~ in this cit~r tM p~i~cipai i wm af F~.~ifltiSArW-- _ _.....~_---------:::~flollu~ N~Ilyr Mr11R MMMMt kM11 MN M IIM ~~N o~ if~V~ ~ V« ~ 011 IM MyMiB bsl~a uMN M~r. iNr M~V~ ~ inNrNl N w FIy~M! N . rew.w., M~,r r~+~ e~ ..._~awe..liund~ad.P~os'tY-'.~v~ and..?2/1QLt~-- c~--~4?.~2....._. ~ t~ ~ December ~.~r d ..a~ ~ e.aM~Mw w~ +A. . `~th _ aw at . . Md oon~i~wYr ~n ~ 4tg...... . e.r ~ .«h .~a .r«~? ,~..t+.. wua .2th . a.~? d . t~oyenber____....__-- - and InMtNt tMn w~p~W ~ b~conN dw ~nd p~~6N. 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NIf~M Of llldOflM 011 1~Ik IfON. ~1M~ ~'M /0 ~ ~ OO~p Of N1d C0~01~. ••a'••`~"'f ~ 1~M0A~1~ MbtMY~ ~M• ~ ' SMd ~n4 Is I~e~b'1? ~hl te nNin ~nr an~nl ar ~p~ci~l d~pw~t, collaN.al, r~al a p~non~i s~cuMY, a~ P~'~~ ~~O^p' in0 w NM~ d ua. now a IwnalN~ in th~ pow~sioe of H durinp th~ ti.~ ~Iw nw~ nmairu w~p~id. +~d k»lon a afe~. ma~wiH Mhof m+Y ~pp~Y ~ saM w tl+is w~w ~ d~b or I1~Wii~Nt of ~h1w. of w a aW bM+k. dw « ro b~ao~ du~. G~~ w+d.. iM h.od and ~1 d eah pat~r. ~ - /e~/ Ira 8. Barfnger _~n- P. O Ira R. I3sri.n~er • ~ Joyce M. Baringer , Nn ~1,~ i ~ Joyca H. 3~ringer ~ : M. w ~ aad ~aU duly. promptly and fully perform. dischuge, execute. effect. complete. comply with and abide by tach aad erery ~ the stip~iationa. a6reements. conditions znd covenants of said promissory note a~d of this mongage, thea this mo~s~e and the estatr hereby created shall cease and be nuli md void. It is undentood that cach of the words. "note," "mortgagor" and "mo~tgagee" respectivetp and tl~e pronouns referrins thereto. whether in the singuiu or plural mywhere in this raortgage, shall be singular if one only and shall be glural jointly and severally. i[ more than one. and shall bc maxuline. feminine and/or nouter, whe.-ever the context so ir.~plies or admits. ~nd said 1lfortgagor for himself and his hein. legal representatives. successors and assi~gns. hereby covenants and asrees to and with said Mortgagee. his legal representatives* successon and assigns: 1. To pay all and singular the principal and 'n~terest and the various and sundry 3ums of money payable by virtue of uid promissory note, and this mortgage, each and ev~ry. prompdy on the days respectively the samc severally become due. 2. To pay all and singulu the taxes. assessmcots. ~ levies. liabilities. obligations and incumbrances of every nature and kind aow on said described property. and/or that~ereafter may be imposed, sutfered. placed, levied or aucssed tbereupon. and/or that hereafte~ may be levied or assesse3 upon this mortgage and/or the indebtedness secured hereby. euh and every. whrn due and pzyable according to law. before they bern~~ dclinquent. and beCore any intercst attacbes or my penalty is ~ incurred; and in so far u any thereof is of recerd the same shali be promptly satisGed and discharged o: rccc.rd and the ~ original official document (such as. for instance. the tax receipt or the satisfaction paper ofrcialty endorsed or eeniCud) shall = be _placed in the hands of said Mortgagee within tcn days nezt after payment: and in the event that any t6ereof is not so ; paid. satisCed and d'uchuged, said Mortgagee may at any time pay the same or any put thereof without waiving or affecting ~ any option. lien, equity or right under or by virtue of this morigage. and the fuli amount of each md every such payment ~ shall be immediately due ar~d pay~ic and shal! beu interest from thc date thereoi untJ paid at the rate of ten per ceatum per aanum and together with wch interest shaU be secured by thc licn of this mortgage. ~ 3. To piace and continuousiy keep on the buildings now or hereafter situate on uid land fire and windstorm insurance ~ in the usual standard policy form. in a sum not. less [han the highest insunble vaiue, in such company or companies as may be ~ approved by said Mortgagee; and all wch insurance policies oa any of said buildings. any interest therein or part thercof. in . the aggregate sum aforcsaid or in excess thereof, shall contain the usual standard mortgagee clause making the loss under said_ ; policies. each and every, payable to said 1Nongagee u his interest may appear, and each and every such poiicy shall be ~ promptly delivercd to and held by said 11lortgagee: and~ not Iess than ten days in advance of the expintion of each policy. to ~ dclirer to said 111ortgagee a rcnewal thereof~ together with a receipt for the premium of such renewal; and there shall be n~ such insunnce placed on any of said buildings. any interest therein or part thereoi, unless in the form and with tht loss payable u aforesaid; and in the event any sum of money becomes payable under such policy or policies said Mortgaget shall ha~e the option to recrive and appZy the sune on account of the iudebtedness secured hereby or to permit said Mortgagor to rcceivt and use it or any part thereof [or other purposes without thereby waiving or impairing any equity. lirn or right under or by virtue of this mortgage; and in the event said Mortgagor shall For any reason fail to kcep the said prcmises so insurcd, or fail to deliver promptly any of uid policies of insurancc to uid Mortgagee, or fail promptly to pay fuUy any pnmium ihere- for, or in any respect fail to perforrn, dischuge, ezecute. ef[ect, complete~ compll with and abide by this covenant, or any ~ part hcreof, said Mortgagee may place and pay far such inwrance 6r any part thereof without waiving or affecting any aption. lien. equity ur ri~qht under or by virtue of this mortgagt, and the fui1. amount of each and erery such payment shall bt immcdiately due and payable and shall bear interest from the date thereof until paid at the nte of ten per centum per annum and together with such interest thall be secured 6y the lien of this mortgage. 4. To permit. commit or suffer no wute. impairmrnt or deterioration of said property or my part thereof. S 5. To pay all and singular the custs, charges and expenses, including rcasonabie lawycr's fees and co~t of abstracts ot title. ircwred or pud at any time by sxid Mortgagee because and/or in the zvent of the fa7urc on the part of t6e said ~ Mortgagur to duly, promptly and fully perform. disc.tivge, eaecute, effect, complete, comply with and abide by tuh and - s every the stipulations, agreemcnts, conditions and rnvenanu of said pmmissory note, and this mortgage~ any or eithrr, ~nd ! said rnsts, charges and expenscs. euh u?d evey. s6aU be immediately due and payable, whether or not therc be noticc. demand, attempt to rnllect or suit pending: and the full amount of each and every such paymrnt shall bear intenst irom the ~ date t6ercof until paid at the rate of ten per cet~tum per anaum; an~all said costs, charges aod ezpenses w incurred or paid. together with such intercst. shall be securcd by tht lien of this mortgage. E~ ~ ~