HomeMy WebLinkAbout0582 ~ 46 ~ 200 ~ 00 Stuut, Flo~id~, 9 78
For valw rea~ived, i, we, or eithe~ of ui jo~n~ly and ssvsrslly promise to pay in Iswful money of the United States of
Americs to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal
sum of FOR1Y SIX 1f~0USAND 'I1V~ Fi1NDRID AND 1+p/100 - • - • - - - - - - - - - - Dollars
_ . ...r..------ - - - ~
~ops~Mr with in»n~t frorn dar~ ~f ?M r~n of :~„~p~r c~mum pN ~nnun. on ?M uno~~d b~bnu u~~il paid. uid princip~l ~nd ~nt~r~~t to b~ pay~bb M
~o~~,.: ,~,a,~hti ~M~.~~„»„h o~ Fouz Hiaidred Sixty One and 75/100 ~s 461.75 ~~,~~„e,~ a,
vr.l: a~ ~c..t...c,' 78
_ . . . 19_ .
J.~~`+' dw d~~ch nwneh bpinn~r+p on tM d~y o} . '
~nd conrinutnp on th~ J~ .L~ ~ d~y ol tac6 •nd w~ry monrh ~Mn~h~r un~il eM ~ d~y o1 ~~/7'
1V ~3 . on wAicA ~~~d d~q tM ~ntir~ b~l~nc~ of pinc~p~l ~nd intNN1 then unp~~d ~~~It b~coen~ dw ~nd p~y~bl~. E~ch paym~m i~ eo b~ ~ppli~d
f~rit ro i~h~~s~ a~+d tM b~lar+c~ to pinupd. In caN ~tid ieqt~llm~nh, a~ny of ~M~n. •r~ noe p~cd wi~h~n 1S d~ys ate~r tM ~un~ b~com~ du~. tM wl+ob
oI ~ud p~ncip~l ~nd inhrNt swn ~MII fathwi~h b~corr» du~ ~nd pay~bN ~r rA~ option of rM hold~. of ~l+~• no~~.
W~. 1M n+~k~n. tw~tiN. ~ndoner~ ~nd p~~r~nton oi ~A~s nor~. her~by ~ever~lly w~~v~ P~esenerr~nt (a p~r~*+~m, no~~c~ ol non-p~yen~nt, pronst ~nd
notic~ of p?ot~~t. ~nd d~l,~nc~ of bri~pirp ~u~~ ap~imr ~ny p.r~y ~Mn~o. ~nd co.+a~nr ~hst tirry oi p~y~nem m~y b~ ea~end~d w,~hou~ nonc~ rMreof to
MY OI t~M ~W~~N~ Of tI1N 110f~.
Now, ~Aould it b~ e?~uw1r ro co~l~ct +Aia ~+oh tMouph an •~ran~y, ~ach o1 w, wMrMr ~n~k~., ~W~fy Of ff1~0/Nf OR th~s no~~. Mr~by prN fo pay
•11 cwb oI uid coll~ction. includtnq t haw~~bl~ ~nan~y's ~M-
ti S~id b~nk N lw~~by ~:pr~~~ly ~uthorised to r~~~i~ ~nY ~n~ral a~p~ci~l depos~~, mll~ta~l. re~t o. person~l ~~cunrv. w tM proc+~ds tMreof, bNonq-
~np ro~ither oi w. ~+ow or h~r~~h~r in ~M poa~eu~on of dv.~n9 flw t~rn~ rA7~ not~ rem~~~s ~~v~~d. ~nd be(ore o. ~frtr m~turify hereoF inay ~DP~v t~
~un~ ?o rAh w~ny o~Mr d~b~ a Ii~b~litiN of ~ithe~ of us ro uid b~nk, dw o~ ~o becom~ d„e G~v~~ u~der ~he h~nd ~nd u~l 01 e~cF+ par~y.
rfaken hereof have right of p~c~e~payment `ritho~ut penalty
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and shall duly, promptly and fully pcrform, d'uchargc, ~xecute, rffect. complete. comply with and abide by each and every
thc stipulations, aRrecmrnts, conditions and co~~cnants of said promissor~~ notr and of this mortAaRe, then this mortgage and
thr rstatr herrbv ereated shall rease and be null and ~•oid.
It is understood that each of the words, "note," "mortgagor" and "mortRaRer" respectivel~~ :u~d the pronouns referring
thereto, ~vhcther in the singular or plural anywhrre ir~this mortqagr. shall bc singular if one only and shall be plural jointly
and severally, if more th:u~ one, and shall be masculine, feminine snd/or neuter, whereeer the context so implirs or admits.
A~d said ~lortgagor for himself and his heirs, Icgal representati~es, successors and assi¢ns, hereb~~ covenants and agrces
, to and ~cith said ~tortgagee, his leqal representatives, successors and assiRns:
l. To pa)• all snd singular the principsl and interrst and the various and sundr~~ sums of moncy~ pa~•ab~e by virtue of
said promissory note, and lhis murtgage, racl? and cverp, prumpth• on the dr}•s respectivcly the s:unc se~•erally berome due.
~ 2. To pay all and singular the ta~es, assessments, Ieeies, liabilities, obliqations and incumbrances of every nature and
kind now on said desrribed property. andJor that hereaftcr ma}• be imposed, suffcrcd, placed, levied or asscssed thereupon,
.uid/or that hereafter ma~• be Ievied or assessed upon this mortRaRe and/or the indebtedness secured hereby, each ~nd e~•en•,
- whrn duc and pa~able according to law, before the}~ become delinquent, :u~d before any interest attaches or any penalt} is
# incurred; and in so far as any thereof is uf record the s:~me shall be prompth• satisfird and discharged of record and the
~ uriginal ufficial document (such as, for instance, the tax receipt or the satislaction paper officially endorsed or certified) shall
' bc placed in thc hands ot said !1lortgaRce within tcn days next after payment: and in thr c~•ent that any thereof is not so
~ aid, satisfied and dischar ed, said ~lort ee ma at an time a the same or an}• art thereof without waiving or affecting
~ P R KdK P)' P
any option, lien, equit}' or right under or by virwe of this mortgaRe, and the full amount of each and every such payment
shall be immediatrly duc and pa)•ablc and shall bear interest from the datc thercof until paid at the rate of cen per centum
~ per annum and toRcther with such interesi shall be securcd by the lien of this mortR.~e.
* 3. "To placc and continuousl}• kerp un thc buildings now on c~rcaftcr siwatc nn said I:?nd firr and windstorm insurancc
~ in the usual standard policy form, in a sum not Irss than the hiqhest insurable value, in such compan~• or companies as ma~• be
approvcd b}• said ~torlgsRec: and all such insurancc policirs on sm~ ~>f said buildinRs, any intcrest thcrcin ar part thereof, in
y thc r~rcRatc sum a(oresaid or in cxccss thcreof, shall cuntain thc usual standard mortq.~rc cl:tusc makinR thc loss undcr sdid
~ Ewlicies, each and e~•ery, pa~•able to said 11ortR.~qee as his interest ma}• .+ppeer, and e~ch and e~•ery such polic~• shall be
~ prompth• dclivcrcd to and hcld b}• said ~tortg:~cc; and, not Icss than ten days in aJvancc of thc cxpiration of cach policy, to
s; dcliver to said ~1ort~aQee a renew•ai thereof, together with a recript for the premium of such renewal; and there shall be no
such insurencc placcd on :u~y of said buildinRs, an}' intcrest thercin or part thcreof~ unless in the form and with the loss
= pa?~ablr as aforesaid: and in the event any sum of money becomes payable under such policy or policies said 1lfortgagee shall
ti ha~~e the option to rcceive and apply the same on account of thr indebtedness secured hereby or to permit said Nlortgagor to
~ reccicc and usc it or any part thereof for other purposes without thereby- waiving or impairing any equity, lien or right under
; or b~• virtue of this murtgagc; and in thc cvcnt said Afonqagor shell for any rcason f.til to kerp the said premises so insured, or
y tail to deliver prompUy any of said policies of insurance to Said :1lortgagee, or fail promptly to pay fully any premium there-
for, or in any respect fail to perform, discharge. execute. e[f~ct, complete, compl~• with and abide by this covenant, or any
part hereof, said \Sortgagee may place and pay for such insurance or any part thereof without waiving or affecting any~
_ optiun, licn, equity or riRht under or by virtue of this mortgage. and the full amount of each and every such payment shall be
- immcdiatcly duc and pay~able and shall bcar intcrest from the datc thcrcof until paid at the ratc of ten per centum per annum
= and toRcthcr a~•ith such intcrest shall bc sccured by thc licn of this mortqage.
4. To permi~, c~?mmit or suffer no ~~•aste, impairment or deterioraiion of seid property or am• part thrreoF.
5. To pay all and sinqular the costs, charges and expenses, including reasonable lawyer's fees and cost of abstracts of
- tiUc, incurrcd or paid ai any time by said Mortgagee becaux and/or in thc event of thc failure on the part of the said
_ ~lortgagur to duly, promptly and [ully perform, discharge. ~xecute, effect. complete, comply with and abide by each and
- every the stipulations, agrecments, conditions and covenants of said promiswry note, and this mortgage, any or either, and
~ said costs, charges and expenses. each and every, shall be immediatety due and payable, whether or not there be notice,
~ demand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from tk~e
"w' date thrreof until paid at the rate of ten per centum per annum; and all said costs. charges and expenses so incurrrd or paid,
- toRcth~r ~.•ith wch intcrest, shall be sccurcd by thc lien of this mortgage.
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'-9
- ~ 286 Y.~£f 5~0
30Gd