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Home My WebLink About2970 S ~ ~ Stuart, Florida ~ i 19 79 for value received, I, we, or either of us jointly and severally promise to pay in lawful money of the United States of 2 America to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal -------------~---FIFTY TNOUSAIiD AND NO/100--------------------------------- sum af.----------------- KK _ Dollars together with interest from lots at the rate of I~ •pk centum per annum on tM unpaid balance until paid, said principal and interest ro be payable as follows: Principal and interest payable on or before February I, 1980. • ~t In case said installments, or an of them, are rat t y paid within 15 days after the same bstome duo, the whole of said principal and interest rum t shall forthwith become due and payable at the option of the holder of this rate. We, the makers, sureties, endorsers and guarantors of this no», hereby severally waive presentment for payment, notice of non-payment, protest and notice of protest, and diligence of bringing suit agairot any party there% and consent that time of -payment may be extended without notice thereof ro any of the :uretiss of this no». Now, should h bt necessary ro collect this note 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 attorneys fee. t Said bank is hereby expreuly authorized to retain any general or special deposit, collateral, real or personal security, o? the proceeds thereof, belor?g- l ing ro either of us, now or hereafter in the possessan of it dury,g tM time this no» remains unpaid, and beforo or aher maturity hereof may apply the t sans to this or any other debt or liabilities of either of us to said bank, dw or to become due. Given under the hand and seal of each party. JOHNSON & JOHNSON SUILDERS, INC. P ~ ATTEST: /s/ William W. Johnson Sy: /s/ Lynn K. Johnson n On, ry n ~ (Seal) ae t No Due (Seal) Form 100 Rw. 3/71 _ 11 duly, promptly and full}• perform, disc ha.ge, e•xrcutr, effect, complete, comply with and abide by each and every the set lions, agreements, conditions and covenants of said promissory Wort and of this mortgage, then this mortgage and the estate herrbv created shall ceax rnd be null and void. It is understood that each of the words. "note," "mortgagor" rnd "murtgaQec" rrspcctivcly and the pronouns referring thereto, whether in the singular or plural an}•wherc in this murtgagr, 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. setccessors 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 intcrrst 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 respcctivch• the same severally become due. 2. To pay all and singulu the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on said described property, and/or That hereafter may be imposed, suffered, placed, levied or assessed thereupon, i and/or that hereafter may be levied or assessed upon this mortgage and/or the indebtedness sccurcd hereby, each and every, wfien due and payable according to law', hefnre they become delinquent, and before any interest attaches or any penalty is incurred; and in so far as am• thereof is ul record the same shall be promptly satisfied and discharged of record and the original official document (such as, for instancy, the tax rccetpt ur the satisfaction paper officially endorud or certified) shall be placed in the hands of said ~lortgagce within ten da}-s next after payment: and in the event that any thereof is not so paid, satisfied and discharged, said ~lortgagce may at an}• limy l,a}• the same ur any part thrrcof without waiving or affecting any option, lien, equity or right under or by ~irwe of this murtKagc, and the full amount of each and every such payment ~ shall hr immediately due and payable and shall bear interest from the doer thereof until paid at the rate of ten per centum per annum and together with such interest shall br secured by the lien of this mortgage- 3. "ho place and cuntinuuusly keep un th,~ lu,ildinKs now ur hrrc•after situate on said land fire• and windstorm insurance ~ ~ in the usual standard policy form, .n a sum nut less than the hrRhcst insurable valor, m ;u. h company ur companies as may be g approved by said ~turtgal{ca:.,nd ail such tnsu:an,c polieirs un anv ul said buudins;c. am' inlere•st therein or part thereof, in the aQgrcq.ttr sum afures.tid m ui rxcrss thrrcof, shall , c,nt:,in the usual st:cn~l,ud nu,rt~,rt(c•c clause making the loss under said ( guile-its, cash and every, pa~.,blr to said \lurtKaKe•c .cs his intrrest may appear, and each and c~•cry such policy shall be promptly dcliverrd to and hel,i by said \turtRagec; anJ, nut Ices than ten da}•s in advance of the expiration of each policy, to 9 deliver to s.cid \fortgagee a re•r.ewal thereof, U,ge•ther with a receipt fur the premium of such renewal; and there shall be no such insurance placid un any of said buildings, an}• 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 \lortgagee shall ~ have the option to receive and apply the same on account of the indebtedness sccurcd hereby or to permit said Mortgagor to rcceige and use it ur 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 ~lortgagur shalt for any rrasun fail to keep the said premises so insured, or fail to deliver promptly any of said policies of insurance to said Mortgagee, or fail promptly to pay fully any premium there- fur, or in any respect fail to prrfurm, discharge, execute, effect, complete, comply with and abide by this covenant, or any = part hereof, said Mortgagee may place and pa}• 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 l,e - immediately due and payable and shall bear intcrrst from the date thcrruf until paid at the late of ten per centum per annum 3 and together with such interest shall be secured by the lien of this mortgage. 4. To permit, commit or suffer no waste, impairment ur deterioration of said pn,perty ur my part thrrcof. Vii. To pay all and singular the costs, chuges and expenses, including reasonable lawyer's fees and cost of abstracts of thk, incurred or paid at any time by said Atortgagee because and/or in the n•ent of the failure on the put of the raid 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 beu interest from the date thrrcof until paid at the raft c,f ten per centum per annum: and all said costs, charges and expenses so incurred or paid. _ together with such intcrrst, shall be ucured by the lien of this mortgage. °~R~ 310 pAi:i 2968 a: ~ i ;~7 a - _ ~ ~