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Home My WebLink About1596 Q3 _Q3t~_di~ Stuart, Fbride, F@bt*uary 16 ~ 19 79 i r For valve ret»ived, I, we, or either of us jointly and severally promise ro pay in lawful money of tM Unitod 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_----------~^~ -~RTY-THREE THOUSAND AND NO 100-------------•----------~-~_Dollars ?osather with intNpt ham data of tl,e race of Q~1~ar gntum par annum on tl,a unpaid balance w,Hl paid. Mid principal and inarpt ro be payabM M follovw: In monthly Irat.lln,ar,b of FQ~tr_Hundred Fifty-Five and 53 100 _ ~-_•455.53_•-_-1 y,~;t,e int.rest, on fife _.1~..._-__-. day of each month bpinnM,e on the --~6.--------••- day of l+~arctl , 1979 and continuing on the - • - 1~.._-- day of each and awry month thereafter until fife _ 16__.__.- day of ....._F@bruar~ 19. -Q4.. , an whitl? said data tM enYve balance of principal and interest than unpaid shall beoonte dw and payable. Each payment h ro be applied first ro interest and ,I,e balance. ro. prindpal. - In caw said installrnsnb, or any of them, an not paid w',thk, 1S days after tl,e sa,r,a bew,r,e dw, the whole of said principal and interest wm , shall forthwith became duce .and payable at fife option of tM holder of fhb nob. - f . We, the maker, sureties, er,dorsen and guarantoa of this nob, hereby severally waive presantmeM for payment, notice of non-payment, poaast and notice of proffer, and diliger,oe of brk,girg suit apairrt any. party thereb and oawnt that Nr„e of payment may be extended without notion tl,er+eof to any of the sureties of this r,ob. • Now, should R be rwcessary ro collect this nob thragh an attorray, each of vs, whether maker, surety or er,dorar on this note. hereby apr+o to pay all nab of aid collection, indudir,g a reasor,aWe attorrtay's fee. Said bank b herby expressly authorized ro retain any general or spadal deposit, odlaarai, real or persoaal seuwity, or tl,e proceeds thereof, bek,r,g• ing ro i,tl,er of a, raw or hereafter in the pouession of it dwir,g tM tirr,e this nob remains unpaid, and before or afar maturity hereof may apply tl,e same ro fhb or ar,y other deM or liabilities of etcher of w to aid bank, dw or b b~cnn,e due. Given under the hand and seal of each party. p. O, s Daniel J Stone cep Dane tone No Due /s/ Alice Stone ce attd shNl duly, promptly and fully perform. dixhatge, execute, effect, complete, comply with and abide iry sa?ch and every the stipulations. agreements, conditions and covenants of said prom,saory note and of thin mortgage. then this mortgage and the state hereby created shall cease and be null and vo,d. It is understood that each of tM words, "note." "mortgagor" and "mortgagee" respectively and the pron• ours referring thereto, whether in the singular or plural anywhere in thin mortgage, shall be singular it one ody and shall be plural jointly and severally. it more than one, and shall be masculine. feminine and/or neuter. wher- ever the context ao implies or admits. - Md said Mortgagor for himself and his heirs, legal representatives, successors and. asalgris, hereby coven- ants area agrees to and with said Mortgagee. his legal representatives, successors and assigns: i. To pry all and singular the principal and interest and the variow and sundry atim~ of money payable b~ _ virtue of said promissory note. sad this mortgage, each and every. prompuy on .the days respectively Ws same severally become due. 1 T. To pay all and singulu the taxes, aaseasmenta, levies. liabilities, obligations and iacumbrances of every nature and kind now on asid described property, and/or that hereafter may be Imposed. scattered, placed, levied or aaaessed thereupon, and/or that hereafter may be levied or aaaesaed upon this mortgage and/or the indebted- news secured hereby. each and every, when due and payable according to law. before they become delinquent, . ! and before any interest attaches or any penalty is incurred; and in so fu as any thereof is of record the same shall be promptly satisfied and discharged of record and the original official document Duch era, for instance, the tax receipt or the satiataction paper of[ictally endorsed or certified) shall be placed In the hands of said k Mortgagee within ten days, next after payment; and in the event that ally thereof is not tto paid, aat.istied and discharged. acid Mortgagee may at any time ply the acme or any part thereof without waiving or affecting 't 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 ahail beu interest from the date thereof until paid at the rate of ten per centum per annum and together wilh_such Interest shalt be secured by the lien of this mortgage. s. To place and continuously keep on the buildings now or hereafter situate on said land fire and wtndstorta insurance in the unial standard policy [orrr,, in s sum not less than i-..--------M~X1YI1l1I11••--••--•••-•-•-•••-. in such com- pany or comp^niea as may be approved byy said Mortgagee: and all such insurance policies on any of said build- ~ irgs. any interest therein or part thereof. in the aggregate sum atorasaid or -in excess thereof, ghall contain the usual standard mortgagee clause making the k~vs under said policies, each and every, payable to said Mortga• gee as his Interest may appeu, and each and every sw•A policy shall be promptly delivered to and held by said Mortgagee: and, not less than ten days in ad~•anee of the expiration of each policy. to dellver'to acid Mortgagee a renewal thereof. together with a receipt for the premium of ,nteh renewal, and there shell be no such insur• once placed on any of said buildings. any interest therein or part thereof. unless in the form and with the loss payable as a[oretuid: and in the event any sum of money .becomes payable under such policy or policies said Mortgagee shall have the option to receive and apply the same on account of the itidebtedtxss secured hereby or to permit said Mortgagor 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 tail to' keep the said premises so insured: -or faA to deliver promptly any. of said policies at insurance to acid Mortgagee. oe tail promptly to pay fully any premium therefor. or in any respect fail to per- form. discharge. execute, effect. complete. comply with and abide by this covenant, or any past hereof. said Mortg• ogee may place and psy 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 fUU amount of each and every such payment shall ~ be immediately due and payable and shall beat interest tmm the date thereof until Paid at the rate of ten per eenttim pZr annum and together with such interest shall be secured by the Len o! this mortgage. 4. To permit, commit •or sinter no waste, impairment a detttrlotration of said property or any Part thtreot. 6. To pay all sad singular the costs. charges and expenses. Including reasonable lawyer's feu end cost of abstracts of title. int:urnd or paid at any time by said Mortgagee because and/or 1n the event of the failure on the part of the said Mortgagor to duly. promptly and fully pertorrn, discharge, extcuts, eKect, comPleu, comply wlN and abide by each and every tbs stipulations, agreements, conditiosu and otmenantr of said promis- sory note. and this mortgage. any or either. and said costar charges and expesisssr each and etrery, shall be im- mediately duce sad payable, whether or not there be notice. demand. attempt to collect tx aWt peMU,g: sad the itdi amount of each and arery such payment shag bear lntaztrt from fife date thetreott until P~ suds ta- tea per eenttLn per annum: and cell aid oasts. ehargea ats0 espasw so tacurnd otr geld. toptbar Brest, shalt be seeasred ley the lien of this mortgage. - • ~00~3031~15~~4 _ , •w~ --ate ;F x . - X`~> •