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Home My WebLink About0314 ~ s 15,000.00 Stuart, Flo?ida, ~''~~h g • 19 73 ' For value received, I, we, or eithe~ of us jointly a~d severally promise to pay in Iswfu) money of the United States of Amerita to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office i~ this ciry the principal ~ ; sum of--.------------EIE~EEt~__TH4!l~A1~Q_.9t~0~1~----~------------------------------- _Dollars i ~ope~l+~. with i~nr~it from d~t~ ~t tM nt~ of ~-~p~r c~ntum pN annum on th~ unpaid b~lana until paid. ~aid principal ~nd Inn.~st w b~ payabN as i i +o~~„~,,: ~,~,.~hy, „~~.n~,.~n or One Hundred F1ft~r-Elght_and_.91~100......__.. c=.. 158,91. ~ „~~„a~~ ~ ~h. ; g August ~v79_._._ _ $ . d~y of ~ach month bpiae?inp on tM . _ _ . . day of - and continuinq on th~ 8 d~y of ~~cF? and ~vKy mon~h ~h~r~~hK until tM d~y of ......JU~~/-----------.- ; 19 9~- , on which said datt tM ~ntin balana of prindpal ~nd inare~t th~n vn{»id ~MII b~com~ due ~od psy~bl~. Each psym~nt ii to b~ appli~d first ~o int~reat and TM balanu ro prindpal. In c~se said installmn+ri, or +ny of th~m, an not p~id within 15 day~ aitK tM sam~ becomt dve, tl+~ whol~ of said principal u?d intK~st swn shall fwthw~th become due and payable ~t tM option of th~ ho1dK of this i+o~~. We, the mak~rs, sureties, endors~n and qvaranton of thb ~oN, IwebY severally waiw presentment fw paym~+t, notias of ~on-payrtrnt, prolest ~nd ~ notice of prot~st, u+d diliyeaw of binpiny suit ap~imt any puty tF~~to, and oom~nt th~t tim~ of payma?t may b~ eatended without noYwe tMnof 10 sny of the sureti~s of this rwh. Now. ahould it b~ nece~sary to oollecr this raq ttwouph an attorn~y, uch of v~, wl+ether mak~r, iwety w endaser on this note. Mnby ap~ee ro p+Y all aosb of s+id oollection, including • reasa+able sttorn~y's fe~. ~ $~id b~nk is hsroby expreuly aufhwized ro reqin any pantr~l or tpecisl d~posit, collatK~l, re~l w person~l s~cwiry, a thR prooed~ thenof, belo~p- ing to either of w, now w he+eaftm in ths possesslon of it duriny the tirn~ this no1~ remairo unp+id, and befon w afiK nuturiry hereof m~Y ~pply tir :am~ ro this u any othsr debt w liabilities of ~itMr of us to taid bank, dw or to become due. Given under tM hand u+d se+~ of e~ch party. /s/ Stanley W. Johnson ~~a~~, . P~ Stan ey k. Johnson /s/ Joan C. Johnson ~ ~ ~ Due ~ n n . and shall duly. promptly and fully perform, d'ucharge, exccute. effect, completc. comply with and abidc by each and every the stipulations, agreements, conditions and covenants of said promissory notr and o[ this mortgage, then this mortgage and the estate herrby crcated shall cease and be null and void. It is understood that each of the words. "note~" "mortgagor" and "mortgagee" respetiively and tht pronouns referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular if one only and shall be plural joindy and severally. if more than one. and shall be masculine, feminine and/or neuter. wherever the context so implies or admits. And said Mortgagor for himself and his hein. legal representatives. successon and assigns, hereby covenants and agrees to and with said Atortgagee. his legal representatives, successors and assigns: I. To pay all and singular the principal and interest and the various and sundry sums o[ money payable by virtue of said promissory note. and this mortgage. each and every, promptly on the da} s respectively the same severalty become due, 'i 2. To pay all and singular the taxes. assessments. Ievies. liabilities. ~obligations and incumbrances of every natun and ! kind now on said described propeny, and/or that hereafter may be unpoud. suffered, placed, levied or assessed thereupon. ~ and/or that hereafter may be Icvied or assessed upon this mbrtgage andJor the indeb[edn~ss secured hereby, cach and every, ~ when due and payable according to law. before they become delinquent, and before any intertst attaches or any penalty is ~ incurred; and in so far as any thereof is of record the same shall be promptly satisfied and discharged of record and the original o[Gcial document (such as, tor instance. the tax receipt or ~he satisfaction paper officially endorsed or certified) shall ~ be placcd in the hands of said Mortgagee within ten days next after payment: and in the event that any thereof is not so paid, satisted and discharged, said 11~ortgagee may at any time pay the same or any part thercof without waiving or affecting ~ any option, licn. equity or right under or by virtue of thit mortgage. and the full amount of each and every such payment shall be•immediately due and payablc and shall bear interest from the date thereof until paid at the ratc of trn per centum ~ per annum and together with such interest shall be ucured by the litn of this mortgage. ~ 3. To placc and continuously kcep on thc buildings now or hercaftcr 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 u may be ~ approved by said Alortgagee:. and all such insurance policies on am~ of said buildings, any interest thercin or part thereof. in the aggregate sum aforesaid or in excess thereof, shxll contain the usual standard morigagee clause making the loss under said policies. each and every. payable to said 1Nortgagee as his interest may appear. and each and every such policy shall be promptly delivered to and held b~ said I~fortgagee; and, not Iess than ten days in advance of the expiration of each policy, to deliver to said ~fortgagee a renewal thereof. together with a receipt for the premium of such renewal; and there shall be no such insurance placed on any of said buildings, any interest therein or part thereof, unleu in the form and with the loss payable as aforcsaid: 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 indebtedness secured hercby or to permit said Alortgagor to receive and use it or any part thereof [or other purposes without thereby waiving or impairing any cquity, lien or right under ~ or by virtue of this mortgage: and in the event said Mortgagor shall for any reason fail to kcep the said premises so insured. or iail to deliver promptly any of uid policies of insurance to said hfortgagee. or fail promptly to pay fully any premium there- (or. or in any respect fail to perform, dischargt. execute. effect, complete. comply with and abide by this covenant. or any ~ part hereof, uid Nortgagte 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 o( each and every such payment shall be 3~,~ immcdiately due and payable and shall bear interest Gom the date thereof until paid at the rate of ten per centum per annum : and tog~ther with such interest shall be secured by the lien of this mortgage. j ~ ~ ~ 4. To permit, commit or suffer no waste, impairmcnt or deterioration of said property or any pan thereof. ~ ~ ~ 5. To pay all and singular the costs, charges and expenses, induding reasonable 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 put of the said ~ ~ Alortgagor to duly, promptly and fully perform, discharge, execute. e[[ect, complete~ comply with and abide by each and ~ ~ every the stipulations, agreements. conditions and covenants of said promissory note, and this mortgage, any or either. and j said costs, charges and expenses. each and every, shall be immediately due and payable. whether or not there be notice, ~ ~ demand, attempt to colleci or wit pending; and the fuU amount of each and every such payment shall bear interest from the ~ date thercof until paid at the rate of ten per centum per annum: and all said costs~ charges and expenses so incuned or paid, a ~ together with such interest. shall be secured by tht lien of this mortgage. ~ ~oo~ 3U5 ~A~E 313 - ~