HomeMy WebLinkAbout1971 _ ~3.OOA.00 Stuart, Florida, -r-~ 19 79.
For valve repived, I, we. or ftitMr of us {otntly and severally promise to pay in lawful money of the United States of
America to fife order of FIRST NATIONAL iIANK AND TRUST COMPANY OF STUART at its office in this city the principal
-----------------T(yRTT TKRPf THOtSA~ A"y'i0 100-----------------------------
sum of - - • / - - - Dollar
topethar with interest Fran day N fife raN of ~ ~i centum per annum on fife unpaid balance until paid, said principal and interea ro fro payable M
Four fltmdred 'tventT-pine and 31/100 429.1 1 1~ mot, on +ti.
folbws: In monthly inayllntents of - (S_.. - . ;
- five of each month beginning on fife d.Y of ~.~'-1:.,~5cs--y':``-'~.-...... 1._....79
da of each and eve month tltereefyr until tM a'" day of
.nd centirtttMq en th.. l y ry ~ -f~-`
$A
10 . , on whkh said day tM entire balance of principal end intarpt tMn unpaid atoll become dw and payable. Each payment is ro be applied
fins ro interest and tM balance ro pincipal. In case said ktatallrttents, aany of rMm, are not paid within 1S days after tM same become die, the whole
of said principal and interest sum shall forthwith become dw and payable at the option of tM border of this ray.
We, Fite retaken, swedes, endorser and pwranton of this note, hereby severally waive petentment for payment, nonce of nonpayment, protest and
notice of protest, end diligence of bktpinp suit petrel any party thenro, and consent that time of payment may be a:landed without notiq thereof ro '
any of the stxeties of this nog.
Now, should it be necessary ro collect this ray rMouph an attorney, each of tn, wMrher maker, awety or endorser on this nog, hereby apse ro pay
all cOaM of said collection, ktcludirtp a yaeonable attorney's fee.
Said bank it hereby •xpreply evthoriaed ro retain any general a special deposit, oollayral, real a personal secwity, or the proceeds thereof, belortp-
inp roeither of us, now or hereafter in tM possession of it during tM time rhis note remaim unpaid, and before or after maturity hereof may apply tM
sanw ro this or any outer debt or liabilities of either of us ro said bank, dw or ro become dw. Given wider the Mnd and wal of each party.
This is a balloon ttlortRaRe and the final paytwent or the balloon due upon maturity is
~31,R20.1~0 together with accrued interest, if any, and all advancealemts t>,ade by the
rtortRaRee under the tert~:ta of this t:tortRatre.
P. O /s/ Warren 4uengel {Seal)
i~.~ ra~o c`+arsed ttrein amen Yuenge
s cu.':~.:.a~ by C.:apter 665 of .
~ ~ f~orida~'tttutcs:' /s/ Dorothq YuenRe2
{Seal)
oro y uenfre
L,.- 1M
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 herrb~• 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 bt plural jointly
and severally, if more than one, and shalt be masculine. feminine and/or neuter, wherever the context so implies or admits.
And said Mortgagor for himself and his heir, 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 every, promptly on the days respectively the same severally become due.
2. To pay all and singular the taxes, asxssmcnts, levies, liabilities, obligations and incumbrances of every nature and
kind now on said described property, andJor 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 so far as any thereof is of record the same shall be promptly satisfied and dixharged of record and the
original official document (such as, for instance, the tax receipt or the satesfaction paper officially endorsed or certified) shall
be placed in the hands of said 1lfortgagee within ten days next after payment; and in the event that any thereof is not so
paid, satisfied and discharged, said Dlortgagce may at any time pay the same or any part thereof without waiving or affecting
I any option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and every such payment
f shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per centum
C 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 Tess 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
~ policies. 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 1ltortgagce; and, not Icss than ten days in advance of the expiration of each policy, to
deliver to said 1ortgagee 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
j receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity, lien or right under
1 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 Illortgagee, 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 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
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
i 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
i date thereof until paid at the rate of ten per centum per annum; and all said costa, charges and expenses so incurred or paid,
together with such interest, shall be secured by the lien of this mortgage.
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