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Home My WebLink About1599 e. •~fv JIVO. ~.v..aw • i For vslue feceived, I, we, a either of us jointly and severally promise to pay in lawful money of the United Statet of America to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal -------------NINETEEN THOUSAND AND NO 100--------------------------'-'-----__Dollar: sum of~ _ ~ together with interest from date at tM rah of ptr pntum ptr annwn on tl+t unP+~ balance until paid, said principal and Mttrest to bt payable a fo:lowa Interest in the mount of 5158.33 psyable ilaonthly beginning March 16, 1979. Principal sad interest payable on or before one yeah traw date• In case said installments, or ar?y of than, are not geld within iS dari after tht same become dui. tht whole of saW principal and tnNrest sum sftail forthwith becane dw and P+Y~ at ~ option of the hokla of this hots. Wt. the maker, suretits, endorsers -and guarantors of this nwe, bitchy severally waive prestnimtet for payment, notice of narpaymMt, protest and satin of prottst, and diligertct of brirgirtg wit against any party titerew, and consent that time of paym.nt rttaty be txtended without notice thered to any of the wrtlia of this noN. . Now. should ft bt neassay to colkKt this mote through in attamey, each of vs, wMther maker, surtty a tndorstr on fhb nett, htnby agrte to pay all oats of said ooil~ction, indudirg a rtasaoable attornty's fit. Said bank is hereby ta.prtssly avthorired to retain any gtrttral a epedal depait, collateral, real a ptnonal atcwtty, a the proceeds tlieieof, Mktng• irg !o either of us, now a hatafter in flit posstssiort of it during tht tint this nett rtmaira unpaid, and before a afar maturity hertof may apply flit same b this or sny other debt or IiaWlit'ns of titl+er of us to said batik, dw a to btmntt -dui. Given undo flit hand and seal of each party., P. O. / / f ~ al) n Slone . ~ Due 5/ / tsa4 ce one - 1 and shall duly. promptly and fully perform, discharge. execute, effect, comptett, r;omply with sad abide by each and everp the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage. then this mortgage and the estate hereby created shsA cease and be null_anq void. It is understood that each of the words. "note;' "mortgagor' and "mortgagee" respectively sad the pron- ouns rlferring theret0. wheWer in the singular or plural anywhere in this mortgage, shall be singular It one oNy sad shall be plural jointly and severally. ii more then one, and shall be masculine, feminine and/or neuter. whet. ever the context so implies or admits. - And said Mortgagor for himself and his heirs. legal representatives, successors and asslgru, hereby ~ove~- ants ono agrees to and with said Mortgagee. his legal representatives, successors and assigns: F 1. To pay W and singular the principal and interest and the variow and sundry sums of money payable by virtue of said promissory note, and thL mortgage, each and every. promptly on 'the days respectively the settee severally become due. - 2. To pay all and singular the taxes, assessments. levies, liabilities. obligstions and lncumbrances of every nature and kind now on said described properly, and/or that hereafter may be imposed, suffered. placed, levied or assessed thereupon, sad/or Utat hereafter may be levied or assessed upon thin mortgage and/or the indebted- - r news secured hereby, each and every, when due and payable according to taw, before they become delinquent, ~ and- before any interest attaches or any penally is incurred: and in so far as any thereof is of record the same ahaU be promptly satisfied and discharged of record and the otiRinal official document (such as, for instance. the tax receipt or the satistacUon paper officially endorsed or-certitiedt shW be placed in the hands of sold i Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, sstistied and ~ d[scharged, said Mortgagee may at any Ume pay the same or any part thereat without wsiving or affecting ~ any option, lien, equity or right under or by virtue of this mortgage, and the tuU amount o! each and every such payment shall be immediately due and- payable and shall bear interest from the data thereof until paid at the me of ten per centum per annum and together with such interest shall be secured by the Uen of this• mortgage. a. To place and continuously keep on the buildings now or hereafter dtuats on said land fire and windstorm - Maximum , to such com- insurance in the usual standard policy form. in a sum not less than i ~ pang or comp^nles as may be approved by saiA Mortgagee: and all such insurance policies on any of said build- - ings, any interest therein or part thereof, in the aggregate sum aforesaid or in excess thereof, shalt contain the # usual standard mortgagee clause making the I~u~s under said policies, each and-every. payable to said Mortga- gee as his interest may appear, and each and -et•ery stt~•h policy shall be promptly delivered to and held by said - Mortgagee; and not less than ten days [n ad~•anre of the expiration of each poUcy, to deliver to said Mortgagee a renewal thereof, together with a receipt fret the premium r?r anrh renewsl- end there shall be no such insur- once placed on any of said buildings, say interest therein or part thereof, unless in the form and with the lost payable as aforesaid: and in the event any stun of money becomes payable under such policy or policies said - >rfortRagee shall have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said Mortgagor to receive and flee 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 sold Mortgagor shall for any reason tail to keep the said premises so insured, or tall to deliver promptly any of said poUMea of insurance to acid Mortgagee, or tall promptly to pay ittlly any premium therefor. or in any respect tall to per- form, discharge, execute, effect. complete, comply with and abide by this covenant. or sny part hereof. said Mortg- ogee may place and pay for such insurance or any part thereof without waiving or attecting any option. lien, equity or right under or by virtue of this mortgage, and the full avtount of each and every tuck payment shall be Immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per E 1 centtun per annum and together with such interest shall be secured by the lien of this mortgage.. r 4. To permit. commit or sutler no waste, impairment or deterioration of said Property or any part thereof. j 6. To pay all and singular the coats. charges and expenses. Ineleding r+easonaWe lawyers tees and cwt of ` abstracts of title. incurred or paid at any tltne by said Mortgagee because and/or 1n the went of the faUure on the part of the said lfortgagor to duly. promptly and tally perform. discharge. execub. effect. uomPlete, comply vrith and abide by each and every-the stlpulaUona, agreement, cotsditions and ootreaant' of said promis- sory note. sad this mortgage. any or either. and said costs. charges and ea[pesttes. each-and every. shall be tm• atediately due and payable. whether or not there be notice. demtnd. attempt b collect or suit pending: sad tM iitll amount of tech and every such payment shall bur Interest trap fife dot thereof tmtil Paid ~inlt~h uh ~ tea per cesium pee annum: and all sold cwt, clurges acid eozPentse b incurred of P~ beat, shall be secured >ry tIIe ltso of this awetgage. 5F C ge~K ~3 ~+~1597 ~ ~ _