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Home My WebLink About1899 = T 1, 600.00 Smart, Florida, ~ January ~ 1979 For value received, I, we, or either of us jointly and severally promise ro 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 ELEVEN THOUSAND SIX HUNDRED AND NO/100----------•-------------•--- sum of"~---~----- _ _ ---------------------Dollars ~ ?ogether with interest from data at tM rata of - .lY par centum pa annum on the unpaid balartoe until paid, said principal and interest ro ba payable a 3 follows: In monthly itntaumenb of ...Q[I!<._~!lll~!_'~~ Fifty.=l~l~e an~._..3_Q1~U4 __..1i-153.30-.-----..-.1 ind„dino inta..a. on tl+~ 4 4 February 79 - day of each month baginntng on ter day of 19_ and continuing on tlr 4 day of aacfi and awry month thereaher until tM _•.--------4-----.-- day of _.._...-.JanUal"Y 19 ~ , on which said data tM entire balance of principal and interest than unpaid shall banana dw and payebl.. Each payment b to be applwd fires ro interest and ter balance ro principal, In use said lnstallmertts, a any of than, an not paid within 1S dari after the same bacons dw, t!r whole of said principal and tr?tarest sum shall forthwith bacons dw and payable at tM option of fir holder of this rota. W~, tM makers, aweY~es, endorsers and gwrantors of this note. hereby severally waive presentrrwnt fa payment, notion of non.paym.nt, protest and notice of protest, and diligertoe of brirgirtg suit against any parry thereto, and oorrant that tint of payment may ba exNaded without online thereof ro any of fir sureties of this note. - Now, should it be necessary ro collaa this note through an ettorrry, each of us, whether maker, sur+ry or endorsor on this rota, hereby ague ro peg . all costs of :aid oolktctan, including • reasonable atrornrl/s fen. Said bank is hereby expressly authorized. ro retain any getrral a spacial deposit, cdlateral, real a personal security, or fife proceeds thereof, bekxtp~ irtg ro eithe. of ue, now a hereafter in the possession of it during tM lima the noN remains unpaid, and before a after maturity hereof may spply the i sans ro this a any other debt a liabilities of either of w ro said bank, due or ro become dw. Given under life hand and seal of each party. ~ P. O. ~ : 3L ~ - Due - s Go.e~r~ _ ~pA.vj~ (Seal) oretta an on form ion - _ and shall duly. promptly and fully perform, disdurge, execute. effect, complete. comply with and abide by each and every 9 the stipulations, agreements, wnditions and covenants o[ raid ptnrnissory note and of this mortgage. then then mortgage and the estate hereby created shalt cease and be null and void. - - It 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 sittgular~if nett only and shall be plural jointly and severally, if mare than one, and shall be masculine, feminine and/or neuter, wherever the context so implies or admin. ) t\nd said Mortgagor [or himself and his heirs, legal representatives, successors and assigns, hereby covenants and agrees t to and with said Mortgagee, his legal representatives, successors and usigns: - 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by ~•irtue o[ s said promiswry note, and this mortgage, each and even. promptly on the days respectively the same severally become due. s 7-o pay all and singular the taxes, assessments, levies. liabilities, obligations and iucum_ brances o[ every nature and kind now on said de,cribed-property, and jot that hereafter may be imposed, suffered, placed, levied or assessed thereupon, andfor that hereafter may be levied or assessed upon this mortgage andfor the indebtedness secured hereby, each and every, s when due and payable according to law, before they become delinquent, and before any interest attaches or any penalty is ~ incurred- and in so far as.any thereof is of record the same shall be promptly satisfied and discharged o[ record anel the or- iginal official document (such as, for instance, the tax receipt or the sati,[action paper ot[icially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days next after payrnenr, and in the event that any thereof is not so paid, satisfied and discharged, said Mortgagee may at any time pay the same or any part thereof without waiving or affect- ing any option, lien, equity or right under or by virtue of then mortgage, and the full amount of each and every such pa~- ment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate o[ tea pct 1 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 laud [ire and wiucbtorm insur- ance in the usual standard policy form, in a sum not less than the highest insurable seine, in such compauc or companies as may be approved by said mortgagee: and all such insurance policies on any 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 hss under said policies, each and every, payable to said Mortgagee as his interest map 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 o[ the expiration of each policy, to deliver to said Mortgagee a renewal thereof, together with a receipt for the premium of such renewal; and dtere shall be no such insurance placed on any o[ said buldittgs, any interest therein or part .thereof, unless in the form and with the loss payable as aforesaid: and in the event any sum o[ money becomes payablg under such policy or policies said Mortgagee f shall have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said \iortga- got to receive and use it or any part thereof (or other purposes without thereby waiving or impairing any equity, lien or right under or by virtue of this mortgage: and in the event said 5fortgagor 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 tail promptly to pay fully any ' premium therefor, or in any respect tail to perform, discharge. execute. effect, complete, comply with and abide by this coy- , enant, or any pan hereof, said 1ltortgagee 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 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 of said property or any part thereof. 5. To pay all and singular the cosu, charges and expenses, including reasonable lawyer's fees and cost of abstracts of title, incurred or paid at any time by said 1?fortgagee because and/or in the event of the failure on the part of the said Afortgagor 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 noie, and this mortgage, any or either, and , said costs, chuges and expenses, each and every, shall be immediately due and payable, whether or not there be notice, de- nand, attempt to collect or suit pending: and the full amount of each and every such payment shall ben interest from the - date thereof until paid at the sate of ten per centum per annum; and all uid costs, cha and ex ones m incurred or paid. - together with such interest, shall be cu by th OliQn f1,~' coo g~,~K P~rF1391 ~e-~`aC~~ BQCr p~cF ~ -