HomeMy WebLinkAbout1396 = 12,ti00,00 Stuart, Florida, ~anual"~/.~//i~ 1979
For value received, 1, we, or 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
sum of'-.----------ELEVEN THOUSA,'ID SIX HUNtJREO ANO NO/100----------------------------
- ---------Dollars
together with interest from date at the rata of ~0 per centum per annum on tM unpaid balann until paid, said principal and interest to be payable at
folbws: In monthly in,t.umtnb of Qn~ H~~dred---Fifty-Thr'ge_-and.30/100.-_.__ ~=.153..30- _ ~ including inttreat, on th.
4 day of each moroh btginnirq an tltt ~ day of - FEbI"Udl"y - - . 19.79.....
and continuing on the 4 day of tech and every month thereafter until the . 4. . day of rJa11Ud-1'1/_ _ _ _ _
19 ~ on which said dare tM entire balance of principal and interest t hen unpaid shall become dw and payable. Esch payment is to be applied
first to interest and tM balance to principal.
In case said installmenri, w any of them, are not paid within 15 days after the same become dw, the whole of said principal and interest sum
shall forthwith become dw and payable at the option of the holder of this note.
We, the maken, sureties, endorsee and guarantors of this no», hereby severally waive presentment fa paymsro, notice of non-payment, protest and
notice of protest, and diligence of bringing suit agairnt any party thereto, and consent that tins of payment may be extended without notice thereof ro
any of the sureties of this note.
lVow, should 1 be necessary to tolled this note through an attorney, tech of us, whether maker, surety or endorser on this note, hereby agree to pay
all coats of said tolledion, including a reasonable attorney i fee.
Said bank is hereby expreuly authorised to retain any general 7r special deposit, collateral, real or ptrsonsl security, or the proceeds thereof, bek,rg-
ing roeither of us, now or hereafter in the possession of it during the time this noM remains unpaid, and beforo or after mafwity hereof may apply t1,a
same ro this or any other debt or liabilities of either of vs to said bank, dw w to become due. Given under the heed end seal of each party.
. ~T1DRIa4~C
No Due S ~io,e~l1 dc'A~-/~ (Seal)
oretta can on
fam 100
and shall duly, promptly attd fully perform, discharge, execute, effect, complete, comply with and abide by each and every'
tl?e stipulations, agreements, conditions and covenants of uid promissory note and n[ this mortgage,-then this mortgage and
the estate herrbs• created shall cease and t,e null and void-
- It is uuderstrxxl that each of the words. "note:' "mortgagor" and "mortgagee" respecticel~• and the pronouns referring
thereto, tyhether in the singular or plural ancss•herr in this mortga;r, shall be singular i[ ouc• onh• and shall br plural jointly
and severally. i[ more than our, and shall br masculine. feminine and/nr neuter. wherrcer the context so implies or admits-
:~nd said Mortgagor for himself and his heirs. legal rrpre,entatise,. successor, and aligns, herrbv cotenants and agrees
u, and with said Mortgagee, his legal representatives, successors and as,igns:
1. I•o pa}• all and singular the principal and interest and the carious and sonde sum, of moors' pasahle by virtue of
~ said promiswry note, and this mortgage, rack and even', promptl~• an the days respectively the same scsrrallt become due.
l '
I~ 7-n pat all and singular the taxes, as,rs,mcuts. let•ics, liabilities. obligations and iucumbrances of e•ten- nature and
4 kind nua- nn said dr,cribrcf property, aud:ur that hereafter may be iml,osrd, suffered, plated, leticd nr assesrd t_herrupun,
aud'or that hrreaftrr may be Irs•ied or ascssevl ulx,u this mortgage and!or the indebtednes secured herrbv, each and teen-,
when due and eatable according to Iasy, before they become delinquent. and before any interest attaches .rr any penalty is
f incurred: and in u, tar as any thereof is of record the same shall be promptly satisfied and discharged nI retool and the or-
igiual official document (such as, G,r instance, the tax receipt or the satisfaction paper o((iciallc endorsed oc certified) shall
be placed in the hands of said \Inrtgagee within ten days next after p.nmrnt: and in d?c• recut that ant thereof is not so
paid, satisfied and discharged, uid Mortgagee may at auy time pay the same nr any part thereof without waiting or af(ect-
ing auy option, lien, equity or right under or by virtue of the mortgage, and the full 'amount of each and eyrry_ such pay-
meet shall be immediateh• due and payable and shall i,ear Uttrrest from the date thereof until paid :,t the rate of tea per
centum per annum and together with such intrust shall be secured by the lieu of this mortgage.
s •
3. To place and cnntinunush~ keep ~,tt the buildings now or hereafter situate mt said land fire and ss•iud,torm iusur-
:uue in the usual standard policy forte, iu a sum not less than the highest insurable calur, in such compauc nr companies as
3 - ma}• be approved by said Mortgagee: and all such insurance policies on any n[ said buildings, any inte•rrst thrrrin or part
I thereof, in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the
loss under said politic;. each and teary, pa}able to said ~Iortpager as his interest may appear, attd each and even- such l,olicq
~ shall be pmmptly cfelitered to and held by said \(ortgagre: and, not less than ten days inadcance of the expiration of each
- Ix,licy, to deliver to uid \fortgagce a renewal thereof. together with a rrcril,t for the premium of such renewal: and there
shall be no such insurance placed on any of said Luildings, an}• intrust thrrrin nr part thereof, wiles in the form and with •
~ the loss payable as aforesaid: and in the event any sum of money becomes payable under such policy nr lx,licies said \iortgagee
Shall have the option to receive and apply the same on account of the indebtedness secured herrbt.• or to permit said \lortga-
t got to receive and use it or any part thereof fnr other purlxsrs without thereby waiving or impairing any equity. lien or
f right under or by virtue of this mortgage; and in the event said Mortgagor shall for any uau,n fail to keep the said premises
so insured, or tail to deliver promptly an} of said policies of insurance to said \(ortgager. or tail prompth• to pay full}• auy
premium therefor, or in any respect fail to perform, discharge. execute, effect. complete. comply with and abicle• by this cm•-
rnant, 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 ac the rate o[ 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 ~o[ said property or arty part thereof.
5. To pay all and singular the costs, charges and expenses, including reau,nable lawyer's fees and cost of abstracts of
title, incurred or paid at any time by said Aortgagee because and/or in the event of the failure on the part of the said
Mortgagor to duly, promptly and fully perfotin, discharge, execute, effect. complete, comply with and abide by each and
4 every the stipulations, agreements, conditions and covenants of said promissory note, and this mortgage, arty or either, and
a said costs, charges and expenses, each and every, shall be immediately due and payable, whether or not there be notice, de-
mand, 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 rnsts, chargeRand ex rtses so incurred or paid,
together with such interest, shall be secured by the lien of this mortgage. UU ~O~ '!'F 139
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