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HomeMy WebLinkAbout0941 ~ ~ ~s~•~ Stuart, Florida, F~~a~ ~'2 , 1979 Fo~ value received, I, we, or either of us jointly and severally promise to pay in lawful money of the United Statet of , America to the order of FIRST NATtONAI BANK AND TRUST COMPANY OF STUART at its office in this city the p~intipal -------------------FIFTY THOUSANO I1ND NO/100------------•-----------------•~ollar: . sum of---------------------------------------------~-------•--------- ropetl+~r with i~ter~st irom dat~ at th~ ~~b of 9.7~r c~ntum pa ~nn~m on th~ unpaid bala~u ue+Hl paid, iaid principal ~nd i~ta~st to b~ pay~bl~ a folbwi: In ~«,~h~r ~~~.urt»n~ of F1ye. Nundred._Twen.ty-Nine _and__69~-100-_--.- -529.,69._._... ~ o~ ~h. . d~y o1 e~ch month bpinninp on th~ _ ~ r~. . d~y of - 1979.--- . February and continuinq a? tM day of ~~d+ u+d ~vNy month 1her~ahN unti) tht day of 19 94 , on which •a~d daa tM ~nt'u~ b~lanw af principal +nd ~nurcst tMe~ unpaid iM~l b~oorr» dw snd pay~bl~. E~ch payme~t is to b~ ~ppli~d fint w inta~st and the bafioc~ to principal. In cue s~id installments, a+~ny of th~m, ar~ not p~W within 15 dap aiter th~ sern~ b~coms dw, th~ wMl~ of said pri~cipal and intKest wm shall fw~hw~rh becwne du~ u~d p+yabk at th~ opYwn of the holdsr of this not~. We. the maken, sweties. ~ndoraen a~d ~wranton of this no1~, h~reby severally waive prsienfm~nt fw payment, notio~ of rae~payrn~M, prot~st and ~ notice of prote~t, and diligenae of brinpinp :uit ~pairot any party th~reto, and cons~nt tMt tim~ of p~yrnMt rn~y b~ ~xtN+d~d withow eotio~ th~nof W any of tM iuroti~s of this not~. New. ihould it b~ neceuuy to colkct thk not~ throuph ~n ~ttorn~y. each of us. whe~he~ m~ker, ~urery or endwser o~ this note. Mreby +9r~+ fo p~y all oosb of said aollection, including a reasoMbl~ attorMy i fN. _ Said bank is hercby expressly authorized ro retain ~ny ~ener~l w ~paci~l deposit, cdlata~l, reel a perwnal secwity, w~Fr proceads ther~of, bela~p- ing to ~ither of us, now w hereahe~ i~ tM postession of it dwiny tM tims this not~ r~msins unpaid, and befor~ a aha maturity M*eof maY ~PP~1r th~ sarrw to this or any otF»r d~bt or liabtlities of ~itMr of w 1o said bank, dw o~ to become due. Given under the hand and seal of esch parry. P o /s/ Diana M. M ron Seal)• ana . ron t~o pue /s/ Burt Myron n r n and shall duly. promptly and fully perform, dischargc. execute, effcct~ complete. comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage. then this mort~age and the estate hereby created shall cease and be null and void. - It is understood that cach of the words. "note." "mortgagor" and "mortgagee" respectively and the pronouns referring thercto, whcther in th~ singular or plural anywhere in this mortgagc. shall be singular if one only and shall be plural jointly and severally. if morc than one, and shall be masculine. feminine and/or neuter. whcrever the context so implies or admits. And said hlortgagor for himself and his heirs, legal representatives, successon and assigns, hereby covenants and agrees to and with said ~fortgagee, his Icgal representatives. successon and assigns: ' 1. To pay all and singular thc principal and interest and the vuious and sundry sums o[ money payable by virtue of ~ said promissory note, and this mortgage. each and every. promptly on the days respectively the same uverally become due. ~ 2. To pay all and "singular the taxes, assessments. levics. liabilities. obligations and incumbrances of every nature and ! kind now on said described property, and/or that hcreafter may be imposed. su[fered, placed. levied or assessed thereupon, ; and~or that hereafter may tie levied or assessed upon this mortgage and/or thc indebtedness secured hereby. each and every. ~ when duc and payable according to law, before the}~ bccome delinquent, and before any interest attaches or any penalty is f incurred; and in so far as any thereof is o[ record the same shall be promptly satisfied and discharged of record and the ~ original ofGcial document (such as~ for instance. the tax receipt or the satisfaction paper ofCcially endorsed or certi~ed) shall ~ be placed in the hands of said I?tortgagee within ten days next a(tcr payment; and in the event that any thereof is not so 9 paid. satisCed and d'ucharged. said Mortgagee may at any time pay the same or any part thercof without waiving or affecting any option~ lien, equity or right under or by virtut of this mortgage, and the full amount of each and every such payment ~ shall bc immcdiatcly due and payable and shall bear interest from the date thereof until paid at the rate of ten per centum § per annum and together with such interest shall be secured by the lien of this mortgage. ~ 3. To placc and continuously keep on the buildings now or hercafttr situate on said land fire and windstorm insurance ~ in the usual standard policy form. in a sum not less than the highest insurable value, in such company or companies as may be ~ approved by said 1Nortgagee: and aU such insurance policies on any of said buildings, any interest therein or part thercof~ in ~ the aggregate sum aforesaid or in excess thereo[~ shall contain the usual standard mortgagee clause making the loss under said A policics, each and ewery~ payable to said 111ortgagec as his intcrest may appear. and each and every sueh policy shal) be ~ promptly delivered to and held by said 111ortgagee; and, not tess than ten days in advance of the expiration of each policy. to dcliver to said blortgagee a rcnewal thereof, together with a receipt for the premium of such renewal; and there shall be no ~ such insurance p{aced on any of said buildings, any interest therein or part thertof~ unless in the form and with the loss , payable as aforesaid; and in the event any sum of money becomes payable under such policy or policies said Mortgagee shall a havc the option to receivc and apply thc same on account of tht indebtedness secured hereby or to permit said Mortgagor to reccive 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 fail to keep the said premises so insured. or - tail to deliver promptly any of uid policies of insuranct to said Mongagee, or fail promptly to pay fully any premium there- for~ or in any respect fail to perform, discharge. execute, effect. complete, comply with and abide by this covenant. 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 tight 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 brar interest from the date thercof until paid at the nte of ten per ccntum per annum 'S and together with such interest shall be ucured by the lien of this mortgage. ~ 4. To permit, commit or suffer no waste, impairment or deterioration of said propcrty or any part thertof. : _ s 5. To pay all and singular the costs. charges and expenses, including reatonable lawyer's fees and cost of abstracts of ~ title, incurred or paid at any time by said Mortgagee because and/or in the event of the failure on the part of tht said _ ~ Aiortgagor to duly, promptly and fully perform. discharge, execute, et(ect, complete, comply with and abide by each and ~ every the stipulations, agreements. conditions and covenants of said promissory note, and this morigage, my or either~ and ~ said costs, charges and expenses. each and every. ~all be immediately due and payable, whether or not there be notice. ~ ~ demand, attempt to collect or suit pending: and the luli amount of tach 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 costs, charges and expenses so incurred or paid, ~ togcther with such intercst, shall be secured by the lien of this mortgage. x - 6~4~ 304 P~~E 941 ~ . _ - s.