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Home My WebLink About2671 ~ 63.700.00 _ Stuart, Florida, March /5/ 1979 For value received, 1, we, a either of us jointly and severally promise to 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 SIXTY-T}ti'.E.C Ti,•=:..~.;'~" SEVEN HUNDRED AND NO/100--------------"""-"hollers sum of------------__ - rogether with interest from date at tM rate of U ' ~ >be? centum per annum on tM unpaid balarsce until paid, said principal and interest ro be payable as Six ):unfired Sevent,~-Four_ and 83/100-_ _ 674.83 1 ;,~1„~;ng ;nror.at, on the folbws: In monthly installment of . _ 9 Apri 1 w.~- day of . -~3.. day of each month beginning on rh. March and continuing on the ~3 day of each and every month thereafter until tFN .j - - -day of 19y4 on which said date the entire balance of principal end interest then unpaid shall become due and payable. Each payment is to be applied first to interest and the balanu to principal. In csse said installmenri, or any of them, are not psid within 15 days after the same become due, the whole of said principal and interest wm = shall forthwith become due and payable at tM oprwr? of the holder of this note. We, the makers, sureties, endorsers and gwranton of this note, hereby severally waive presentment for payment, notios of non-payment, protest and notice of protest, and diligence of bringing suit egaimt any party thereto, and consent that lima of payment may be extended without notice thereof to any of the sureties of this noro. Now, shouts it bs necesssry to collect this note through an attorney, each of us, whether maker, surety or endorser on this note, hereby agree ro pay all oosri of said collection, including a reasonable attorney's fee. Said bank is hereby expressly authorized to retain any general a special deposit, collateral, real or personal security, w the proceeds thereof, belorsg- ing ro either of us, now or hereafter in the possession of it during the time this note remains unpaid, and before or after maturity hereof may apply the same to this or any other debt or liabilities of either of us to said bank, due or to become due. Given under the hand and seal of each party. /s/ Dr. Milton J. Schiffrin (Seal) /s/ Dorothy E. Schiffrin (Seat) No Due - and shall 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 note and of this mortgage. then this mortgage and the estate hereby created shall cease and be null and void. It is understood that each of the N•ords, "note," "mortgagor" and "mortgagee" respectively and the pronouns referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular if one only and shall be plural jointly 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 heirs, legal representatives, successors and assigns, hereby covenants and agrees to and with said \iongagee, his legal representatives, successors and assigns: 1. To pay all and singular the principal and interest and the various and sundry• sums of money payable by virtue of said promissory note, and this mortgage, each and every, promptly on the days respectively the same severally become due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbranccs of every nature and kind now on said described property, and/or that hereafter may be imposed, suffered, placed, levied or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebtedness 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 w far as any thereof is of record the same shall be promptly satisfied and discharged of record and the 1 original official document (such as, for instance. the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Dortgagee within ten days next after payment: and in the event that any thereof is not so i paid, satisfied and discharged, said 4ortgagee may at any time pay the same or any pan 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 of ten per centum per annum and together with such interest shall be secured by the lien of this mortgage. 3. 'I'o place and continuously keep on the buildings now or hereafter 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 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 loss under said Iwlicies, each and every, payable to said Mortgagee as his interest may appear, and each and every such policy shall be promptly delivered to and held by said Dlortgagcc: and, not Icss than ten days in advance of the expiration of each policy, to deliver to said Aortgagee 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, 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 have the option to receive and apply the same on account of the indebtedness 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 fail to keep the said premises so insured, or fail to deliver promptly any o[ said politics of insurance to said Mortgagee, or fail promptly to pay fully any premium thcre- 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 pan 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 of 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 costs, charges and expenses, including reasonable lawyer's fees and cost of abstracts of i title, incurred or paid at any time by said Mortgagee because and/or in the event of the failure on the part of the said Mortgagor 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 note, and this mortgage, any or either, and said costs, charges and expenses, each and every, shall be immediately due and payable, whether or not there be notice, demand, attempt to collect or suit pending: and the full amount of each 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, together with such interest, shall be secured by the lien of this mortgage. ~U5 X2665