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Home My WebLink About2681 ~ 25,000.00 _ Mtlrch 23 19 79 Stuart, Florida, For value received, 1, we, or 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 --TWENTY-FIVE THOUSAND AND NO/100---------------------------'Dollars - sum of-------- 1oge~her with interest from daro at the taro of 9.7 per centum par annum on tl+e unpaid balance until paid, said principal and iroerest to be payable a ~~,ilo,„s: In monthly inst.ument: of T++4 .H~~dt"ed -S1xty-FQ~'--a_r>~_.~SL?~4Q----._.... c: _~44..8~_ .l including interst, an th. 23 .day of April - . t9- ~ - 23 - - - - day of each month beginning on tl?e - - 23 Mat~c day of each and every month thereafter until the ----Il... _ day of . and continuing on the ,994 on which said date the entire balance of principal and interest Ihen unpaid shall become due and payable. Each payment is to be applied ' r '.+s~ 10 tnterest and the bslanu to principal. In case said installments, a any of them, are not paid within 15 days after the same biome due, the whole of said principal and interest twrn , shall forthwith become due and payable at tM opYan of the holder of this note. We, the makers, sureties, endorsers and gusrantors of this noro, hereby severally waive presentment for payment, notios of non-payment, protest and notice of protest, end diligence of bringing suit against any party thereto, and consent that time of payment may bs extended without notice thtroof to any of tM sureties of this noro. Now, should it be necessary to collect this rate through an attorney, each of us, whether maker, surety or endorser on this note, hereby agree to pay all costs of said collection, including a reasonable attorneyi fee. Said bank is hereby expressly authorized to retain any general or special deposit, collateral, real or personal security, or the proceeds thereof, bebrg- - in.3 to either of vs, raw Or hereafter in the possession of it during the time this taro remains unpaid, and before Or after maturity hereof may apply tIM same to this a any other debt or liabilities of either of us to said bank, dvs or to become due. Given under the hand and seal of each party. /s/ Daniel H. KNop (Seal) p. o• Daniet H. Knop /s/ Marian H . Knop (Seal) No. Oue ~a~dfl 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 words. "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 andJor 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 Mortgagee, his legal representatives, successors and assigns: I. To pay all and singular the principal and interest and the various and sundry sums of mone}• payable by virtue of said promissor}• 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 encumbrances of every nature and t kind no~v on said described property, andJor that hereafter may be imposed, suffered, placed, levied or assessed thereupon, and/or that hereafter ma}• be levied or assessed upon this mortgage andJor the indebtedness secured hereby, each and every, when due and payable according to law, before the}• 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 of record and the original official document (such as, for instancy, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days next after payment: andart thereof withoutt waivmgeor affecting paid, satisfied and discharged, said 111ortgagce may at an}• time pay the same or any p any option, lien, equity or light 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. To 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 Aortgagee: and alt 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 policies, each and every, payable to said ;1ortgagee as his interest may appear, and each and ever}• such poll P sh~l'be promptly delivered to and held by said :kortgagee: and, n°t less than ten days in advance of the expiration of each oli to deliver to said Mortgagee 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, un?ess 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 x or by virtue of this mortgage; and in the event said Mortgagor shall for any reason fail to keep the said premisesr m~umrtherer fail to deliver promptly any of said policies of insurance to said Dlortgagee, or fail promptly to pay fully any p for, or in any respect fail to perform, discharge, execute, effect, complete, c~apllhereofawithoutewaiv ng or affecting any part hereof, said Mortgagee may place and pay for such insurance or any p 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. ti. To pay all and singular the costs. charges and expenses, including reasonable lawyer's ices 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 the said Mortgagor to duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abed ob ct`heh, and every the stipulations, agreements, conditions and covenants of said promissory note, and this mortgage, any 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 to nfulc ~nu~ °~d aU said osts, harges and exp uses so recurred or paid, date thereof until paid at the rate of ten per cent p together with such interest, shall be secured by the lien of this mortgage. ri a'oy• 3U5 ~ 26 ~5