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Home My WebLink About2753 s 18.200-~ Stuart, Florida, March 5 fg79 - For value received, I, we, or either of us jointly and severally promise to pay in lawful money of the United Stater of America to the order of FIRST NATIONAL•f3ANK AND TRUST COMPANY OF STUART at its office in this city the principal sum of~--~:-_-_ -EImIEEN_?H_ ~ItAHD B101i1u'!DR~D AND [~j -----------------------'Dollars together with interest from daN at the rah of 9 a l~er antvm per annum on dte unpaid batana until patd, said principal ar,d intergt to be payable a follow,: Ittn~ thy instaumenq of0~e.. Hundred _N1 tne~ -Two and 81/100 ((c:....192.81- l ,,~lud~ int.r.a. on th. _ -.~.1.... day of each month beginntnp on tM . . . day of - u - 19 79 and continuing on the S .day of each and every month thereafter until the _•-•----.5..---.•-•-. day of March 1994. , on which said dare tM entire balance of principal and interest then unpaid shall become dw and payable. Each payment is to be applied first b interest and rM balance to principal. In case said installments, a any of them, an not paid within 1S days after the same become dw, the whole of said principal and interest sum shall forthwith become dw and payable at the option of the holder of this note. We, the makers, sureties, endorsee and guarantan of this note, hereby severally waive presentment for payment, notice of non-payment protest and notip of protest, and diligence of brit+ging suit against any party thereto, and consent that time of payment may be e><tended without notip thereof to any of tM sorties of this nWe. Now, should 8 be neceuary ro collect fhb note through an attorrtyr, each of us, whether maker, surety or endorser on this note, herby agree to pay all Doers of said oolhxtion, including a reasonable attorney's fee, Said bank is hereby expressly authorized to retain any general or spedal deposit collateral, real a personal secwity, a tl+e proceeds thereof, belortg• irg to either of us, now or hereafter in the possession of it during the time this noN remairu unpaid, and before or after maturity hereof may apply the same to this or any other debt a liabilities of either of us to uid bank, dw or to become dw. Given under the hand and seal of each party. P. O. ~S~ ~ ~ A / l -.l . I~ ~ nl ~Q ? (Seal) Ana a en~fia e'T-T- No Due ~ S/ ~/iI-~ H ~ ~ ,0 o p e (Seal) FTa ne a en~iaT r 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 notr and of this mortgage, then this mortgage and the estate herrby 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 and/or neuter, wherever the context so implies or admits. And said I?tortgagor 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: 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 ever}', promptly on the days respectively the same severally become due. 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind no~v 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 tvery, r 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 he promptly satisfied and discharged o[ record and the 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 Mortgagee within ten days next after payment; and in the dent that any thereof is not so f paid. satisfied and discharged, said mortgagee may at any time pay the same or any part thereof without waiving or ecting any option, lien, equity or right under or by virtue of this mortgage, and the Cull 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. E ~ 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 forte, in a sum not Tess than the highest insurable value, in such company or companies as may be approved by said Aortgagee: 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 comain the usual standard mortg.gee 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 sliall be ~ promptly delivered to and held by said llfortgagce; and, not Icu than ten days in advance of the expiration of each policy. to ~ deliver to said Mortgagee a renewal thereof, together with a receipt for the premium of such renewal; and there shall be no x 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 bortgagor to s 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 of said policies of insurance to said tortgagee, or fail promptly to pay fully any premium there- i for, or in any respect fail to perform, dikcharge, execute, effect, complete, comply with and abide by this covenant, or any part hereof, said Mortgagee may place and pay for such inwrance 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 daft thereo(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. Vii. To pay all and singular the costs, charges and expenses, including reasonable lawyer's fees and cost of abstracts of R 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 s said costs. charges and expenses, each and every, shall be immediately due and payable, whether or not there be notice, i demand, attempt to collect or suit pending; and the full amount of each and every such payment shall bear interest from the s 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. ~o~~ 308 2753 - . . - r~ _