HomeMy WebLinkAbout1108 t 3a500.00 _ Stuart, Florida, ~ttu>tz>ary ~y ~ 19ra
For value received, 1, we, a either of us jointly and severally promise to pay in lawful money of the United States of
America to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal
~ 11~ PIVB ~lDRED IVrm Ap 100 - - - - - _ _
sum of------------------------_----------------______~~ ------------------------_-----_-__---------------------Dollars
together with interest from date at tM .ate of 10 per tentvm per annum on the unpaid balance until paid, said principal and Interest ro be payable a
follows: In monthly installments Of $B11~eAL'~? ~ 38100_•-.. 7;.~ indvding interest, on fIN
10th - - .day of each month bpinning on ttt. - .10th day of Feb=utry.-.--- 79
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and continuing on the 1 -day of each and every month thereaftOr until tM 1~ day of -..-._J~~~.....------•-_•-----.._.,
19 84 , on which said data the entire balance of principal and interest then unpaid shall becane due and payable. Each payment is to be applied
first ro interest and tM balance ro priruipal.
In case said installments, or any of them, are not paid within 15 days after the same become dw, the whop of said principal and interest sum
shall forthwith become dw and payable at the option of the holder of this note.
We, the makers, swedes, endorsee and guaranton of this note, hereby severally we;w presentment fa payment, notice of non-payment, protest and
notice of protest, and diligence of br;nging suit against any party thereto, and consent that lima of payment may be extended without ratios tltenof to
any of the surefip of this rata
Now, should 0 bs necessary to collect this note 1Mough an attorney, each of vs, whether maker, swety a endorser on thk note, hereby agree ro pay
all costs of'said collection, includ;ng a reasonable attorneys fee.
Said bank is hereby expressly authorized to retain any general or special deposit, collateral, real or persa+e! security, or the proceeds thereof, belorsg~
ing ro either of us, now a hereafter in the posseuion of it during the lima this raro remains unpaid, and before or after rrtafurity hereof may apply rise -
same to this or any other debt ar liabilities of either of us ro said bank, dw or ro become dw. Given under the hand and seal. of each party.
P ~ /s/ Daniel S. Harris (Seal) '
No Due /s/ Eleanor S. Harris ts~q
-~eamo~c-~:-Ha~rr~x
and shall dul}•, promptly and full}• perform, discharge, execute, effect, complete, comply with and abide by each and every
the stipulations, agreements, conditions and covenants of said promissory notr and of this mortgage, then this mortgage and-
the estate hercbv created shall cease and be null and void. -
lt is understood that each of the words, "note," "mortgagor" and "mortgagee" respectively and the pronouns referring
thereto, whether in the singular or plural anywhere in this mortgage, shall be singular if one only and shall be plural jointly
and sesrrally, if more than one, and shall be masculine; feminine and/or neuter, wherever the context so implies or admits.
And said t<tortgagor for himself and his heirs, legal representatives, successors and assigns, hereby covenants and agrees
to and with said Mortgagee, his legal representatives, successors and assigns.
1. To pay all and singular the principal and interest and the various and sundry sums of money pa}•able by virtue of
said promissory note, and this mortgage, each and every, promptly on the days respectively the same severally become due.
2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of every nature and
kind now on said described property, and/or that hereafter ma}• be imposed, suffered, placed, levied or assessed thereupon,
and/or that hereafter may be levied or assessed upon this mortgage and/or the indebtedness secured hereby, each and every,
I'j when due and payable according to law, before they become delinquent,.autd before any interest attaches or any penalty is
~ incurred; and in w far as any thereof is of record the same shall be promptl}• satisfied and discharged of record and the
uriginal official document (such as, for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall.
f be placed in the hands oC said Mortgagee within ten days next after payment; and in the event that any thereof is not so
paid, satisfied and discharged, said Aortgagee may at any time pa}• the same or an}• part thereof without waiving or affecting
any option, lien. rquit}• or right under or by virtue of this mortgage, and the Cull amount of each and every such payment
shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per centum
) 'per annum and together with such interest shall be secured by the lien of this mortgage.
3. To place and continuously keep on the buildings now or hereafter situate on said land fire and windstorm insurance
in the usual standard Policy form, in a sum not less than the highest insurable value, in such company or companies as may be
approved by said mortgagee: and all such insurance policies on an}• of .said buildings, any interest therein or part thereof, in
the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the loss under said
Iwlicies, each and every, payable to said I1lortgagee as his interest may appear, and each and every such policy shall be
promptly delivered to and held by said mortgagee: and, not less than ten days in advance of the expiration of each policy, to
deliver to said Mortgagee a renewal thereof, together with a receipt for the premium of such renewal: and there shall be no
such insurance placed on any oC said buildings, any interest therein or part thereof, unless in the form and with the loss
payable as aforesaid: and in the event any sum of money becomes payable under such policy or policies said tltortgagee shall
have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said 1ltortgagor 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 virtue of this mortgage: and in the event said Mortgagor shall for any reason fail to keep the said premises so insured, or
fail to deliver promptly any of said policies of insurance to said Mortgagee, or fail promptly to pay fully any premium there-
for, or in any respect fail to perform, discharge, execute, effect, complete, comply with and abide by this covenant, or any
part hereof, said Mortgagee may place and pay for such insurance or any part thereof without waiving or affecting any
- option, lien, equity or right under or by virtue 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 thereof until paid at the rate of ten per centum per annum
and together with such interest shall be secured by the lien of this mortgage.
4. To permit, commit or suffer no waste, impairment or deterioration of said property or any part thrrcof.
To pay all and singular the costs, charges and expenses, including reasonable lawyer's fees and cost of abstracts of
title, incurred or paid at any time by said Mortgagee because and/or in the event of the failure on the part of the said
Mortgagor to duly, promptly and fully perform, discharge, execute. effect, complete, comply with and abide by each and
every the stipulations. agreements. conditions and covenants of said promissory note, and this mortgage, any or either, and
said costs, charges and expenses, each and every, shall be immediately 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 the
date thereof until paid at the rate of ten per centum per annum; and all said costs, charges and expenses so incurred or paid.
together with such interest, shall be secured by the lien of this mortgage.
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° R ~ PACf 1103
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