HomeMy WebLinkAbout1150 For valt» 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
ONF HUNDR1iD CORTY-FIVEi THOUSAND AND NU/100--------------------- ~
sum of - - - Ilars
x,75$
topetl,er with iMerost from date at the rate of / per centum pN annum on 17 t I 1 RTY+Ias ~ X h~pN' j saldOpt~l ,p~ an411,tq era~,(q,bo paYabb a
follows: In monthly insann,ann ofONC THOUSAND FI~rE_- 11UNDRIiD / (s; 1 tS3G.1Qy i,~tudir,Q interosr, on tM
.day of each month beginnittq on tM ~ day of .---Febl:Uary 19_79-_
and cattinuinp on else ~ ~ day of each and every month thersahsr until tM day of • J all tla I' y t _
19 4 , on which said data tits entire balance of principal and interest then unpaid shall become dw and payable. Esch payment is to be applied
first to interest and tM balance to principal. In sass said installments, or any of them, are not paid within 15 days alter the same become dw, the vtrttote
of said principal and interest sum shall forthwith become dw and payable at tl,e option of tl,e holder of this note.
We. the makers, sureties, endorsers and guarantors of this note, hereby severally waive pesentment fa payment, notice of non-payment, protest and
notice of protest, and diligence of bringirtQ suit against any putt' thereto, and consent that rims of payment may be extended wahout notice thereof to
any of tM suroties of this nuts.
Now, should it bt necessary to collect this note through an attorney, esch of us, whether maker, surety a endorser on this note, hereby agree to pay
all costs of said collection, including a reasonable attorney's fee- ,
Said bank is hereby a:preuly authorized to retain any genual or special deposit, collateral, real or personal security. or the proceeds thereof, belong-
ing to either of us, raw a hereafter in the possession of it during the time this note remains unpaid, and before or after maturity hereof may apply Itte
same to this or any other debt or liabilities of either of us to said bank, due o? to become due. Given under the hand and seat of each party.
/s/ Harry C. Beholds
P:O - --(Seal)
-harry -S-c~iuldt
• - /s/ Carl P. Jochum
No Due - -(Seal) . -
Carl P. Jochum
F.rr. too
and shall duh•, promptly and fully ~,er[orm, rischarge, execute, el(cct, complete, comply with and abide by each and every
the stipulations, agrcrmcuts, crnulitious :utd covruauts of said promiswry note and o[ this mortgage, then this mortgage and
the estate hereby crratt:d shall cease and be null and void. '
It is wtdcntoal that each o[ the words, "note," "mortgagor" and "mortgagee" respcctis•dy and dtc prottouus referring
thereto, whether in the singular or plural anywhere in this mortgage, shall he siugular if one ~ulyrnd sltatl he plural jointly
and severally, if more than out, and shall he mascalinc, feminine and/or neuter, wherever the contest so implies or admits.
Aud said Mortgagor (or hiwsclf and bis heirs, legal represeuwtis•es, successors and assigns, Lereby covenants and agrees
to and wilt said ,Mortgagee, his legal representatives, successor aced assigns:
1. To pay all and xin ;uL•ir the principal and interest and the variotu and sundry sums o[ money pay:d,le !,y virtue o[
aid promissory note, aced this mortgage, cads aced escry, promptly ore the (lays respectively the sanec severally become due.
2. "l-o pay all and singular the taxes, asscs~ncnts, levies, liabilities, obligations and incumbrauccs of cscry nature and
kind now on said described propcrt~, and/or that hereafter may he iml,c,scd, su[[rrrd. plrccd, Ics•ird or assessed thereupon,
and/or that hcrea[tcr may be levied or assccscd ul,on this mortgage and/r,r the iudcbu•duns secured Lercby, each and cccry,
when due and payable according to law, before they become dclinqueut, and I,eforc any inten-ct attaches or any l,cualty is
incurred: and in so far as any therrof is o[ record the same shall be pmtnptly satisfied and disrhargc-tl n[ record and the or-
E~ iginal official document (sue)t as, for instance, the tax receipt or the srtis[artimt pal,cr officially endorsed or certified) shall
E be placed in the hands of said Along.tgcc within ten days next after p:tyuieut: anti in the es•cnt drat any thrrcof is not so
paid, satisfied attct discharged, said Alnrtgagcc may at any time pay dtc snot ur any part thcrco( without waiving or a[[cct-
! in an o niou, lien. a nit or ri rht uudrr ur b virtue of thts more ~ •e, and the hell amount of each and ever such pay-
q y l ~ r f, r r• y
mcnt shall be imnardiatdy due and payable :uul shalt hear interest from the date tltcrcr>f until paid at the rate o[ ten per
centum pry annum and togethet with such interest sleatl l,e secured by the lien of this mortgage.
3. To place and continurnuly keep me flee buildings rtow or hereafter situate on said land (ire and a.iudstorm insur-
ance in the usual standard policy G,rnt, in a sum not less than the highest insuralde valor, in sorb company or cooapanies as
may he appros•cd by said Mortgagee: and all such iuwraucc lx,licics cot any of said building., any intrrcu therein nr part
thereof, in the aggregate sum a(oretitid or in excess thereof, shall contain the usual st:wd:ud nu,rtgal;ce dense making the
Mss under said politics, each and every, payable to said Alortga(;ce as his iuterest may apl,car, and each and every such lx,licy f
shall bC promptly delivered to and held l,y said rlortgagce: and, Ilr)t ICSS (hall tell days in ads•:uttc of the expiration o[ cac`fe f
Ix,licy, to deliver to said Mottgagcc a renewal thcrco(, together with a receipt lur the premium of such rcncwal:rod there ~
slt,•all l,e no such insurance placed on any of said buildinfs, any iuterest therein or 1?art thcrco[, unlccs in the (Deco :utd Kith 1
the los pryable as aforesaid; and in the e~•ent :uty sum of money becomcc pay:d,le nutlet surf IN,licy or polio its said \lunt;agee
shall have the option to rcceis•c and apply the saute on accnaiut of the indebtahtccs secured hcrcby or u, pcunit s.tid ~G,rtga-
gor to receive and use it or any part thcrco( fur other purl,nccs without thereby sraivinl; or impairing :uts• crptity, lico or
right under or by virtue of this mortgage: and in the Went said Mortgagor shall G,r arty trasrm (ail to keep the .aid premises (
so insured, or fail to deliver promptly any ref said lx,licies of insurance to said Monf;agce, or [ail prntnptly to pay fully any i
premium therefor, or in any resl,ect fail to l,er[orm, disdearge, execute, e•ffert. complete, comply with and abide by this coy-
enant. or any part hereof, said \lorrgagce may place and hay for such insurance or any part thcrco[ seiebout w•:tiving or
affecting any option, lien, equity or right uudrr or by virtue o[ this mortgage, and the full amount o[ each and cecrv suds
~ payment shall be immediately due and payable and shall bear iuterest from the date dtcrrnf until paid at the rate o[ tat
~ 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 thcrco(. "c-
- 5- To pay all and siugular the cons, charges and expenses, including reasrntable lawyer's fees and cost of abstracts o[
title, incurred or paid at any tirnc by wid Mortgagee Lccause and/or io the crept o[ the failwc rot the part of the said ~ ,
Mortgagor to duly, promptly and fully perform, discharge, execute, effect, complete, comply wiUr and abide by each and
every the stipulations, agreements. conditiatc and covenants o[ said prrnnissory note. and this mortgage, any or either, and '
said costs, charges and exlenses, each and every, shall be immediately due and payable, whether or not there br notice, de- '
mind, attempt to collect or suit l,euding: and the full amount o[ each :cod every suds payment shall Lear interest from the
date thereof until paid at the rate o[ ten per centum per annum; and all said costs, dtarges and expenses so incurred os paid,
- together with wch interest, shall be secured by the lieu o[ this mortgage.
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