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~o ~inue ~d to ~iotd fhe same, !of/et{~er wifh fhe tenemenfs, ~e?ec~ifamenls ari~ appu?fe- }
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I nances fherefo ~~P~onninc~, n?~~ 1~~e rnnts, issues and pro~ils f{~erno~, unto f{~e morfgages, in ~ee aimplP.
the morfgagor covenanis u~iih tl?e morfgagee tha! Ihe morlgagor is indejeasibly seized of said 'c
i land in Jee simple: Ihwt t{~e morlgagor has good rigl~t and lawjul aulhority to convey-said Iancl as a~ore- r
i sa;a; t~at 1{~p mort~ador u~ill make such /urther assurances to pe~ect ttie ~ee simp~e ftf~e to sulcl Iand in fhe ~
morfgagee as may .poso.?a6ty be require~; ltinf f~e morfgagor ~e?e6y (u~~y warrantt ttie tit~e io anid ~anc~
~ aiul u~ill deJend the same agninst the law/ul claima of all penons whomsoever nnd that :~d ln.ad u 1?ee ~
and clear o/ all encum6wnces ~
If all or any part of the property or an interest therein is sold or transferred
by Mortgagor without Mortgagee's prior written consent, excluding (a) the creatio
of a lien or encumbrance subordinate to this Mortgage, (b) the creation of a ~
purchase money security interest for household appliances, (c) a transfer by ~
~ devise or descent, or by operation of law upon the death of a 3oint tenant, or
(d) the grant of any leasehold interest of three years or less not containing an
option to purchase, Mortgagee may, at its option, declare all the sums secured by
this Mortgage to be i~ediately due and payable. ~Mortgagee shall ha've waived
such option to accelerate if, prior to the sale or transfer, Mortgagee and the
~ person to whom the property is to be sold or transferred reach agreement in
; writing that the credit of such person is satisfactory to Mortgagee and that the
; interest payable on the sums secured by this Mortgage shall be at such rate as
Mortgagee shall request.
~rouided ~lw~ys, I~a! i~ said mortgagor ahnl! pny unto said mortgogee t~e cerlnin promis-
~i sory nofe {~ereinnJtpr substnntia«y copiec~ o~ icrenti~ied, to-wif:
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~ 13,Q00.00 Stuart, Florida~ J~M-' y , t9 79
For value received, I, we, or either of us jointiy and severaily 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 ciy the principal
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' i ------THIRTEEN THOUSAND IWD NO/100---------------•~------------
1(1I1f sum of- - ------------_-__Dollars
' , r_ eiher with interest from date at the rate of 10 r centum r annum on the u
ng pe pe np~id bal~noe until paid, said principal and interest ro be p~yabk u
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; so~~ows: In monthly ~nstallments of .7wo_-f~unJred--Fif~een 1,11t~-`~ - (i__4.1~ ~nctudinp ~ntenst, on tbe
~~04---
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~ _ d~y of e~ch month beginning on the tj11~ 19_7g--
. - _ . day of - -
' JU11e
: a~d continuing on the S/. o~y of each and every month thrreafler until the --Y-_- day of
~
f 19 W, on which said date the entire balance of principal and interest then unpaid shsll become d~e and payable. Each payment is to be applied
~ f~rst ro inte.est and the balance ro principal.
i
g ~ In case said ins?sllments, or ~ny of them, are rat paid within 15 days after the same become due, the whok of said principal and imerest sum
zhall iorthw~rh become due and payabk at the option of the holder of this nots_
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~ We, the maken, swe~ies, endorsen and gvuanton of this note, hereby severally waive presentment for payment, notioe of non-paymenf, prWaf and
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; ~ nofice of protest, and dili9ence of bringing suit apainst any puty thereto, ~nd consent that time of payment may be e:te~ded witFiout notice thenof ro
`3, y any of the sureY~es of this note.
~ ` Now, should it be neceuary to collect tfiis note thragh sn attorney, ~ach of us, whether maker, surery w cndwse~ on this note, hercby sgree to p~y
~ ~ all oosts of s~id wlkct~on, includ~ng a reaso~able anorney's fee.
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€ ~ -S~id bank is hereby expressly authorized to ret~in ~ny genenl or specisl deposit, collateral, real w penonat security, or the proceeds thereof, belw~¢ ~
~ ! ~~g ro eitFxr of us, now or hereafier in the posseuion of it dwiny the time this noro rerreains unpaid, ~nd beforc w after matwity hereof may apply the
~ :arta to this or any other debt or lisbilities of eithsr of uc to said bank, dus or to become due. Given ~nder the hand and seal of each parry.
' Tbo interest rate charged herein
~ K avthorized by Chspter 665 of
> P ~ tt~e Fb.;da sf~t~tes.~~ /s/ Thomas F. Waite as Trustee ~~a~~
p Thomas Naite as Trustee
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