HomeMy WebLinkAbout2878 =,.,~1~~
~ _ Stuart, flaida, ~C~' ~ . 1~ _
for valve r~oNvad, I, vw, a NthE+r of uE ~antly and Mwrally premier to pay in lawful money of the United Stag. of
Amfiria to the order of NRST NATIONAL a/?NK AND TRUST COMPANY OF STUART at In office in thisr city tltfi prirtdpal
. aufn ~ 11~IftY•f1rE 1!lO1fSN10 ~ MO/100 _~...._.._------_.__........._._Dollan
1p~lAN wM interest ttetn deb M 111a rata o/ jipar p11hM1 pM atrtwn Mt the unpaid balanos untN'sld, Mid princlpsl and MNMeM b M psysMs M
1Mo llaM~ratt E1 ~ 1 100 t0i.1S
feNewa la tnMMNlr Y»t.N~n.e» d {f~-..__.__._...__) Mdrdin. M~ts~.w •n tM.
itli< i!A oc~Malr 7s
d _ itl
dq et asd aiettth bptnnino on tM dq? Sts
end aMbwYr aw the ..._..w......_..--- dq of aadt and tvatl nwnth thsreattar until tM day et
it__..._ . err witkh said daM tM anon bslanos d principal and YtMrast t'.4sn unpaid ahaN baooma due and WYE Each paymsM R b tit eppMd
' first M httantt and tM balM+os to pindpal. b teats acid MstaNmattM. a any of than, an net paW whhM 13 days afNr tits awns baoorna dw. the vdtela -
a1 sold prUdssl sad MtsraN ~ shall forlltarlTh baoatn dw and payable at tM apiwln d the holder of thN note.
MM, tM rnslary aurNMs, artdaMrs and ~uara+tola et tics nob. hereby savaraNtr watw P far PaY~. n01iq of ner?pgrrnarM, pnbat and
ttMloa M pnbst, and diNQattos of brM~ sole sasMttt arpr perry tharate, and aanant titer tAna of paymaN msp ba axbr~dad withow ratio thereof b
aqr et the suratMs et this rtata.
New. should M M naasssary b aoliael Ihlt nab MraupA an attanay, aad? ef_ua. whether n~akar, aurattr a srtdoraar en thN noN, hsrslgr aorea t• oeil-
sp costs of aaW alNaNn. InehrdMta a ressanabla attenul/a fee. .
Enid bank Y hereby aapraaalp wtltoriasd M rataMt am aartaral ar apscMi deposit, oolbNral, nd a partenal aanrrritr. a tlr procaada tharael, baMrtt
tnE b aidts• of ua, new ar Mnahw M the pesaasaion of M dur4q the lino this note nnisina unpaid. and before a after nWwMt? hand mal? apply tIM
sarae t• tMt a any ether debt er Nsbibtiaa of ahlrr of ut b said flank. dw or b baeoma dw. (itwn under tl+s hand and anal of aad~ early.
THIS N0~'E IS St0~CT TO AOCELERATIOM At l~IOEO tY lIORTOARE Oi ErE11 GATE Mllpl i
TiiIS Nd't'E.
P. o Oltvle J Matsu ~n
~ lath M Match n ~
+a.:.,~te,~
and shall duly, promptly and fully perform, discharge, ettecuts, efft~:t, complete. comply frith and abide by each and every
the sdpu4dotu, agreements, comlidons attd coreaeatE of saW promirwty tote and of-this mortgage, then this mortgage and
the estate hereby created shall cease aml be attll and void.
It it tttderstood that each of the words, "note; • ..mortgagor'. std ..mortgagee.. respectively and the pronouns referring
thereto, whether in the singuLr or plural anywhere in this mortgage shall be singular if one only and shall be plural jointly .
and severally, if more th:o oae. and shall be tttasculine, feminine and/or neuter, wherever the context so implIa or admits.
And said Mortgagor for himself and his heirs, legal repre:entativea, successors and assigns. hereby covenants and agrees
to anti with said Mortgagee, his legal repreaentadves, successors and sssigttx
t.,. _ I. To pay all and singular the principal and interest and the various and sundry sums of moncy ~yabk by virtue of .
~ said promissory note, sad fhb mortgage, each and every. promptly on the days respectively the same severally become due.
2. To pay all and sLtgular the taxes, aMessmrnts, levies. ILbilides, obligations and incumbrances of every mtttse and
kind now on said described property, and/or that hereafter rosy be imposed, suffered, pLced, levied or assessed thereupon,
and/or that hereafter may be levied or assessed upon thL,mortgage and/or the indebtedness secured, hereby each and every,
whrn due and payable according to law, before they become delinquent, and before any interest attsches or any penalq is
incurred: and in so far sf any thereof is of record the acme shall be promptly satisfied and discharged of record and the or-
iginal official document (such as. for iaataace, the tax receipt or the sadsficdon paper officially endorsed or certified) shall
be placed in the hands of said Mortgagee within ten days next after paymnt; and In the event that any thereof b not so
paid, atisf%d and discharged, said Mortgagee may at any time pay the same or any part therof without waiving or affect
ing a~? option, Uen, equlq or right under or by virtue of this mortgage, and the full amount of each and every such pay-
ment shall be immediately due and payable std shall bear Interest from the date thereof until p~vd at the rate of crn per
crntum pet annum and together with such interest shall be secured by the Urn of this mortgage.
3. To place and continuously keep on the buildings now or hereafter situate on acid land fire and windstorm insur-
ance in the usual standard policy form, in a sum not less than the highest insurable value, in such company or companies as
may be approved by said Mortgager, 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 hie 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 loo payable as aforesaid; std 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 of any part thereof for other purposes without thereby waiving or impairing any equity, leis or
right under or by virtue of this mortgage; and in the evrnt said Mortgagor shah for any reason fail to keep the acid 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 any part thereof without waiving or
affecting any option, lien, equity or right under or by virtue of thin 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 unril paid at the rate of ten
per cencum per annum and together with such interest shall be secured by the lien of this mortgage.
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