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HomeMy WebLinkAbout1384 a< ~ _ . - i ~ leaSAAe,A~ Stuart, Florida,..<<-~~.3 ~ , 19 ~ . For value received, I, we, or either of ua jointly and severally promise ro pay in lawful money of the United States of America ro the order of FIRST NATIONAL 6ANK AND TRUST COMPANY OF STUART at its office in this city the principal cum of lays together with Interest 6om dab at the rab of per antum pN annum on flee unpaM balareoe until paid, safd principal and Interest ro be payable as follows: Iq mouthy installments of __~a_ 1 (>jl______) Including intarpt, ere the day of each month beginning on th.._ _,,L!_ day of ~.~T_d O t Y and oontimrireg on the - J ~ day of oath asd every enoreth thaeaftsr unfit ttea _ dsy of _ ~~Q_,~Q~Q~-.b ~ 19_.~.__-, on which said dab the entire balanp of ins I erred inbrest then - Pr W unpaid shall become due and payable. Each payment b ro be applied first ro interest and flee balanq ro principal. in case said installments, or any of them, are not paid within 15 days after the same betonee derv, the whole of said principal end hhnst salt sMll forthwith beoane due and payable at the option of the holder of this reob. We, the makers, sureties, endorses and gusrantars of this nob, hereby severally waive pnseretment for payment, notice of none-payment, prober and notice of protest, and diligereoe of brirgirg :uit against grey party theretq, and consent that time of payment may be extended without notice thereof ro any of tlee sureties of this reob. Now, should it be necessary ro aollKt this noes through an attorney, each of us, whether maker, surety a endorser an this note, hereby agree ro pay all coats of said aolfactioA, including a raasariable attornet/e fee: Said bank b herby expressy authorized ro retain any general or special deposit, tolbteral, real or personal eecwity, a the proceeds thereof, belwq. ing a either of us, now or hereafter to the possession of it during the time this nob remains unpaid, and before. or afbr melurity hereof may apply the same ro this err arey_ other debt a liabilities of either of us ro said bank, dw a ro becorna due. Given ureda the hand and seal of each party. lOis ilfet~ ii atb3eet to aet~lsraties y pl+OeriaN i~ tM Mrlt~y~ ~ /+Ilt~ i1~ aocorM tbii li0to. - P. O. /a/ Merle F. Dimbatfi, 3r. rca,.q - - - _ _ !lr6~i~ >F: flD~Tlit~ - illi~. - No Due ~1) norm too ti swnusreee ` and sbaU dttly, promptly and fully perform. discharge, execute, effect, complete, comply with and abide bq each cad every the at3pulatlons, agreements, conditions cad covenants of said promissory note and of this mortgage. then this mortgage and the esnte hereby created shall cease cad be null and void - It is understood that each of the words, "note," "tnortgsgor" 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 joiadq and severally. if more than one, end shall be masculine, feminine and/or neuter, wherever the context so implies or admits. ~ And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, herebq covenants cad agrees ~ to and with said Mortgagee, his legal representatives, successors and assigns 1. To paq all cad singular the principal and interest and the various and sundry sums of money pagable by virtue of said promissory note, and this mortgage, each and every, promptly on the days respectively the same severally become due. 2. To paq all and singular the taxes. assessments, levies, liabilities, obligations and incumbrances of every nature cad kind now 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 every, when due cad payabk according to law, before they become delinquent, and before aaq interest attaches or anq penalty is incurred: and in so far as any thereof is of record the same shall be promptly satisfied and discharged of record and the or- iginal official document (such as, for instance, the tax receipt or the sarisfacdoa paper officially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days next after pagment; and in the event that any thereof is not so paid, satisfied cad discharged, said Mortgagee may at anq time pay the same or any part theeot without waiving or affect- ing any option, lien, equltq or right under or bq virtue of this mortgage, and the full amount of each and every such paq- ment shall be immediately due cad pagable and shall bear interest from the dace 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. 3. To place and continuously keep on the buildings now o_r hereafter situate on said land fire and windstorm insur- ance in the usual standard policy Corm, 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 promptly 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 no such insurance placed on any of said buildings, and 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 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 may place and pay for such insurance or anq 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. 800K 316 PAGE~t~c