HomeMy WebLinkAbout0212 ~ Fa valw r~aiv~d, 1, w~, or eithe? of us jo~ntly •nd ieverally promise to psy in Iswful money of th~ Uni~ed States of
Am~rics to the ords~ of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART et ~ts office ~n this ciry ~he principal
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sum of _._.SIX. ~S~AI+m.AI~ D1Q/1 Oollari
~oq~MN wiM In?~N1 han daq N tM r~f~ oi .s. pN nmuin pK ~~num on rh~ u~pud b~l~nu umil p~id. ~aid pincip~l a~d ~~r~r~~~ ~o b~ p~y~bl~ M
folbw~~ In nwntAly inn~lln»eM of pa 8un,dsyd Tnnt~ ~our and S6,/100 ~1 '~~1~~ ) Includinp in~„t, a+ 1M
l/ t'h . d~y d~acA rnon?A bpi~.ncnp on Nw ~ d~y ol ~S ~ . 1Vr~8
~nd conrinuinp on tM ~ d~y ol ~~cA ~nd ~vay nwn~ti N+er~~h~r vn~i{ ~M d~y of
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1 1V . on wAicA ~~id dah r!r a+~~r~ b~l~n<~ ol pinc~pd M+d inf~.M~ tMn w+P~~d ~h~ll b~com~ dw ~nd P+Y~bI~. E~ch p~ynwm eo b~ ~ppl~d
f~r~t ro i~Hr~~1 ~nd /M ~~~M~ ro p~ncip~l. In c~s~ ~~id in~t~llm~nh, a~nv o+ tMm. ~r~ no~ p~id wi~A~n ~S d.~..~~•. ~M b.ca+w d~,.. tM whow
of a~id pii+cip~l ~nd ineNNt tvm ~h~ll fatl+witA b~co+n~ du~ u~d p~y~bl~ p rM opran of iM ho~d~. ol ~M~ no~~.
( W~. ?M .n~kNS. aw~ti„. ~ndo.~er~ ~~d Q~~r~n~on of tR~s no+~. Mr~by s~v~~dly w~~~~ p~e~~ne~n~ Iw O~r~n~, notic~ 01 norrD~yn.~m. pro~~st Md
notiu o{ p~otht. ~nd d~liq~nc~ oI brinp~np w~~ p~intl ~ny puty IMrt1o. ~nd cansen. t~N ~~rr» of p~v~en~ m~y b~ c.re~d~d w~~hout no~,c~ ~Mreof to
~ ~ny o/ ~M •unt»s of ~hi~ noh.
Na,,. ~hould u p~ n~ps~~ry ~o wll~ct tAis noh ~krouph ~n ~nan~y. s~ch oi us. wMrh~. rw~k~r, fW~ty W f~dp?Nt On ~h~~ noa. M.•by p.« eo wr
a11 cpn of ~~?d colbaion. includinp • nao~~l~ ~?ronNy's (N.
~ S.~d ba~k a I+.r.by •:p.•uti .urhw~ad ro~N~in ~ny p~n~r~l or ap~cul d~pos~~, collu~r~l. re~l o~ penw+~l i~cur~rr. or tM p~oc~edf ~h~reof, b~lonp-
~np to ~itA~. of v~. now a M.~ah~r in ~M pou~u~on oi u dv.~r+q ~M fim~ rh~~ no~~ re~.+~~~+ u~a~~d. ~~+d belo~e w•fr~r m~turity Aereol may ~ppty ~ht
u~ ro M,• a•oy o?M. d.b~ w li~b~l~~iN of ~~tM. of us to ~a~d b~nk, dw or to btco~+~e d.,e G~ve~ ~~de. rhe Mnd ~nd Nd of e~ch puty
P. O _ /s/ Garv L. PleYte --(Seal)
(iar~ L. Pleyt~
~ p~ /~Barbara E. Ple1?'te --(Seal)
E.~. wo - H~rberd E. P'1~?tf
and shall duly. promptly and fu11p pcrform, discharqc, cxrcutc~ c[frct, complcte, comply with and abide by each and ev~ry
th~ stiputations, agre~mrnts, conditions and ~-ovcn.+ots uf said promissory notr and of this mortRaRe. thcn thic mortgaKc and
thc cstatn c~rrb)' crratcd shall crasc and hc nul! anu coid.
(t is undrrstoud th~t each of th~ aa•ord~, "notc," "mortRagor" and "mortQaqcr" rrsprcti~~ely and the pronouns rcferring
thrrcto, whctfirr in thc singular or plural am•~~~hcre in this mortRaAr~ shall b~ singular if onc only and shall bc plural juindy
and severaltp, if mure than one~ and shall bc masculinc, frmininr and/or nrutcr, whcreve~ thc contrxt so implirs or admits.
And said ~lortRagor for himsrlf and his hrin, IcGsl repres~•ntatives, wcccuon rnd assiKns. hrreby covenants and aqrers
to and ~vith said \lortg~gce, his Icg~1 rcpres~-nta~i~~cs, succcssurs and assigns:
1. Tu pa~' ~II anc! sinRular thc prinrip~l and int~•rest .~nd thr eariuus and sundr}• sums uf monry pr~•ablc by virtur of
said prumisson• notc, end ttiis murtGeKr, rsch ~nd rvrr~•, prumptly un thc d~~•s rc~prctivrty thc samc se~•era(ly bccomc dur.
2. 'I'o pay al! .uid sinRulsr thc taxcs, ssscssmrnts, Icvirs, liebilitics, ob!iRatiuns and incumbrancrs of cvrry naturc and
kind now on s.~id dcscribed pr~~prrty, and(ur thrt hcrraftrr m~y bc imposrd, su(Icred, placrd, I~vicd or asccssrd U?rrcu~wn,
:u~d/or thal hrre~fter ma}• be Ievicd or asse~sed upun th~s me~r~~aRe anci/ur the indebtedness secureel hereb~~, eacfi and every,
j whrn duc .~nd p:n-~blc accordinq Io L~w, bcf~~re thct' hrrumr drlinyucnt, anc! bclurc any intcrese attachcs ur any pen~lty is
~ ~nturrcd: ~nd in io far as rny thcrru~ is uf r~curd tt~r samc s!tall tic prumptl~~ s.ilisfi~•d}and ~~ischargcd of rccord and thc
; uriginal u([iciel document (such as, fnr instance, the tax rcceipt ur the S:t1U~dCIIOtI ~)JF1t'f 11~licially endorsed or certitied) shall
br plsced in ttie l~ands o( saiel ~1c~rtk~Rec wili:in tcn deys nrxt altrr p~ymrnt; and in thr cvent that any thereof is not so
i peid, satisfird and dischrrQcd, saicl ~tortGsKcc may at any timr ~~ay thc samc or any p~rt thrrrof withoul ~vaivinR or sffrcting
r :?nq optian, licn, cquit}• or right under ur bt• virtue of thi~ mort~;atir, and the fuH :+muunt uf ench and evrry such paymrnt
; shall bc immrdi~trly duc and paysblc and shall bcar intcrest irom thc d~tc thrrro( un~il p~id at thr ratr of ten pcr ccntum
; prr annum and tu~ctlur ~vith sucl~ intc«•st shall t?r srcurcd by Ihr ~icn of this mortqa~c.
¢ 3_ To placc and i-ontinuously krcp un thr buildis~K~ nuw ur hrrcaftrr silual~• on said I;?nd firc and windsturm insur~nce
~ in the usual stand~rd p~~licy furm, in a sum m~t kss than tl~e highest insural~tr ~ alue, in such cum~?~ny or companies as may be
~ approc~i•d bv s:~i~1 \lortKaQcc: .~nd .tll su~-h in~urancr pulirics un an)• of said builJinxs. an}• intcrcst thcrcin or prrl thcre~~f, in
iFe_ aqRrcfiatc wm .ifur~•s:~i~i ur in cxicss thcrc~?f~ S~1dII fUlll:llll tler usua! ~t:llllldfll IiIUfIKd~CP IIdLLSI' m~kinR thc lu~s undcr said
~ pulicics. rach and r~•rn~. payal~lc tu said \Iurt~.~Qcc ~s his intcrc~t may appcar, and ca~ h.~nd cvcry wch polic~~ shsll t,r
~ prumpti~~ drlivcrcd tu and hcl~l t,~• sri~1 \lur~G.?~cr: and, nut I~•ss thrn tcn d~ys in .~dvan~ c of thc rxpiratiun of cach polic~•, to
~ di•livrr tu ~aii1 \Iartq~Gcc a rrnr~val th~•rc~?f, tuRcthcr with e rr~ ript (or t!~c prcmium of such rcnc~~•~I: and thcrr sh.?11 bc nu -
~ w~h insur.~ncc ptscrd ~~n .~ny ~~f said buildinKs, an?• imcrest th~•rcin ur pert thcrcuf, unlcss in thc [orm ancl ~~-ith thi• loss
y pa)~able as afurrsaid:,and in the e~~ent any sum uf mone~• brcomes payable under suih policy ur p~~lieies said A1urtRaqer shal!
~ ha~•r thc optiun to rcccivc and .~ppfg thr .amc on ~ccount of thc indcbtrdncss sccured hcrcby ur to permit said ~turtgagor to
~ . . . -
EtCi'ti"C 3n.'. usr i: E;r :sr,~ psrt thc•rruf ~c~r ;at':e- i~urj?vses +v~!hne~t !l~rrrl~y w;siv~nY ~.r im,~~inno .~ny cnu~tY, licn or ri~ht undrr
~ ~rr by virtur o( tt~is mortgage: and in th~• rvcnt snid ~turtq~Kor sh~lt for an~• rrrson fril to kecp thc said prcmises w insurrd, or
~ fail tu drlivcr prumptlp any uf s.?id pulirics uf ir.surancc tu ~aid ~1~~rtqaqcc, ur fail promptlq to pay fully eny ~~rcmium thcrr-
~ for, ur in dll)' fCSF)Cfl fait to perforn~, dsi h~rKe, rxecute, effec~, ~umE~h•tr, c~mply with anJ al?ide by this covenant, or eny
part hcrrof, said ~IortR,?qcc rn~~~ pta~c ~nd pay for such insurancc ur xny p~rt Ihcrcof without waiving or affcctinR any
- uption, licn, cquitp or ri~;ht undcr ur by ~•~rtuc of this mnrlgeG~•, and tlic tull amuunt u~ c:~~ h and cvery surh paymcnt shall br
immrdi~irty~ ctuc and p~~~~blc :uid sh;dl brar intcrest frorn thc d,~tr [hrrcof until p~iii ~t the retc oi trn pcr rrntum pcr annum
~ and tuRetkcr witli wch inlcrest shall hr sccured hy ttic ticn uf this mortqagc.
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~ 4. Tn pcrmit, c~~mmit or sulfrr n~? ~v~stc, impairmcm ur dctrriuratiun of said prupcrty or an~• ~~art thrrcof.
~ 'I~o p.~y all end sin~uLu thc custs, charRcs and cspcnscs, ini ludinq rr:uonablc lawycr's fccs and cost of abstracts of
~ titlc, incurred or paed ;~t any timc b~• s~id ~furtgaQec bccausr and/ur in thc e~~cut uf the failure un the part of the said
1lortgaqor to duly~ promplly ;?nd full~• ncrform, disrhar~c, cx~cutr~ ~ffcct, complctc, comply with and abidc by tach and
~ cvery thc stipul.~tions~ .~Krecments, cunditiuns and covensnts of s~id promissory ~wtr, and this mortgagr. any or either, and
rs said costs, ehar;cs and expenscs, cach and cvcr~•, shall b~ immediatcly due and payablc, ~~hethcr or not there be noticc.
demand, attempt to collect or suit pendinQ; and the full :unount of cach and rvery such payment shall bear interest from the
~ date thrrcof ur.til paid at the rate of ten per crn!um per annum: and sll sai~ costs, charFes and expenses so inrurred or paid,
~ toqcther ~vi~h sui h intcrrst, shall bc scrurcd hy Ihc licn nf this mortq.+qc.
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