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HomeMy WebLinkAbout0565 ~r ~ ~ Za~,'.$QQ.~ Stuart, Florida, , 1~ ~ For value reosived, I, we, or either of us< jointly and severally promises to pay in lawful money of the Untted States< of America to rtes order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at it: office in this dry the prindpal :um of -----"----------------Ti~LYE TAD F~~ HAD AMD NO/COQ-------------• Dollar: together with Interest from deN at the raN of11~ par antum pa ?an..nwn on rtes u~nplaW b¢alan~/ce~w~ll paid, acid p?incipal and Maarat a bo payabM as follows: In monthly M?stalbranh of Ile S~11lII~Ft~~l~ Zii~iYY ~7~~~ ! indudinp Ntereat, on tlta ~-day-of-each ~oontlt bepLn4ip on-9ta ~ day of ~ 19 ~ _ - - and continuing on the day of +ach and awry month thereafter untH the day of ~t~' 19_. on wNeh said daN the antis balance of prineipal.and tnhraat than unpaid shall baaoena dw and payable. Each paymaM b to ba applMd first b interest and the balaiKa to principal. In case said inatallmenta, a any of flneey an tto~wpeid within IS days after the same become duce. the whole of acid prindpel cent! MMaraat swn - shaft forthwith become due and payable at the option of rtes holder of this noN. We, the makers, sureties, ardorsars and gvarantan of this hole, haraby sawrally waive prasenhnent fa payment. notice of nonpayment. protest and notion of protest, and di4ga~oe of bringing suit apaitstit any party thereto„ and ooruant that time of payment may ba txtatded without notice thanof to any of the auratiaa of this noN. - tiorv, siwuio R ba neauary w aoilaa this .vets tivo„gh en aiiorney, each of w. wiwtner mai~er, suraiy a eidu:s:r an this nwe, i?:r:by ayraa io pay all coats of said cotlectia4 irKludirg a reasonable attorrwl/s fee. Said bank is hereby expressly authorized to retain any ya+eral or special deposit, collateral, rani or personal security, or the proaads thereof, bek>ttp- irg to aiNnr of us, now or haresfNr M the pasession of it during tM time Chia testa ranaim unpaid, and before ar after mahwity hereof mey apply the "~~'~OI~CT~TO IIiO~ LERATION AS~~ROIIOED IN T~ lallT6A6E OF EYEM D~IITE iNI~p! SECURES THIS NOTE.' P. o. /s/ Albert Sollazzo rs.~.q ALBERT SOt1AZZ0 , No Due ~I) r«m t0o sad shall duly, ptotapdq and fully perform. discharge, ezecute, effect, complete, comply with and abide by each and every the stipttlatlom, agreements, conditions and covenants of said promissory note and of this mortgage, then this mortgage and the estate hereby created shall cease and be nuU sad void II It is understood that each of the words, "note." "mortgagor" and "mortgagee" respectively and the pronouns referring thereto, whether in the singu4r or plural anywhere In this mortgage shall be singular if one ody and shall be pluttl joiady and severally, if more than one, and shall be maaculi¦+s, feminine and/or neuter, wherever the content 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 sad assigns: 1. To paq all and singular the principal and Interest and the various and sundry sums of money payable by virtue of acid promissory note, and this mortgage, each and every, prompdy on the days respectively the acme severally become due. 2 To pay all and singular the fazes, assessments, IevIes. liabilities, obligations and itxumbrancea of every nature and kind now on said described property, and/or that hereafter tray be imposed. auffercd, placed, levied or assessed thereupon, std/or that hereafter tnaq be levied or assessed upon this mortgage and/or the indebtedness secured, hereby each std every. when due sad payable according to law, before they become delinquent, and before any interest attaches or aaq penalty is incurred: and in so fu ss any thereof is of record the name shall be promptly satisfied and discharged of record and the or- iginal official document (such as, for instance, the tan receipt or the satisfaction paper officially endorsed or certified) shall be placed In the hands of said Mortgagee within ten days ne:t after payment and in the event that auy thereof is not so paid, satisfied std discharged, said Mortgagee may at anq time pay the same or say part therof without waiving or affect Ing aaq option, lien, equity or right tinder or bq vlrtut of this mortgage, and the full amount of each std every such pay- ment 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 mortgages 3. To place and continuously keep on the buildings now or hereafter situate on said land fire and windstorm insur- ance in the usual statdard policy form, in a sum not less 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 prompdy delivered to and held by said Mortgagee, and, not less 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 ao such insurance placed on any of said buildings, and interest therein or part thereof, unless in the form and with the loss payable as iforesaid; and in the event anq 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 Mortga- gor to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity, Lein 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 Mortgagee, or fail promptly to pay fully any premium therefor, or in any respect fail to perform, discharge, execute, effect, complete, comply with and abide by this cov- enant, or any part hereof, said Mortgagee tray. place and pay for such Insurance or any part thereof withouC 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.