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HomeMy WebLinkAbout0098 _ ~ A..- -'4 • . . ' t 12.500.00 Stuart, Floridan SeDtoolbe>r 19 79 Far value rgoeived, 1, we, ar either of us iointly-and severally promise b pay in lawful money of the United States of America b the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal sum of --------'-------------T~I.YE TIC! S~ANQ FIY~. HUiORFD ANO NQ1~00---•---------• Dollars topethor with interest twm daN at the raN of 11~ per oentum per annum on tM unpaid Mlanc. until paid, said principal and Interest ro be paybl. as _One HnMred SeYent,~r-Five and 75[I00 ~ 175.75 1 I„~in~ ,h. day of each mor?th-bpir~niig on tM day of OC~Ober 19 ~ . and oontirwirg on the _ day of each and awry rrconth thereafter until tM day of ~ 19___~ , on which said dah tM entire balance of prh+cipal and interest then unpaid shall beaorne due and payable. Each payment is ro be applied fiat ro inlersst and the balarta ro principal. In case said instal4neots, a any of than. an cat paid within 1S days after the same become due, the whole of said principal and interest win abed forthwith become due and payabN of tM option of the holdor of this rwte. - - We, the makers, aunties, endorsors and ~crarantors of this taN, hereby severally wsrve presentment for paymait, ratiw of non-payment, proNSt and ratio of protest, and dil'isenoe of bringing sub apairrt any party titareto, and ooresent that time of payment may be extended without notice thereof ro any of.tite sureties of this note. _ Now, should 8 bs naoessory ro collect this nose tirovph an attorney, each of us, whether maker, suety a endorser on this note, herby agree ro pay all aoata of said eollect+or~. 9 a reasonable attorney's fee. - Said bank is hereby expressly authorised ro retain any ~ucaal w special deposit, oollataral, real or personal severity, or the proceeds thereof, bekxg- irg ro eithor of us, now or hereafter in the possession of it during the time this note remains unpaid, and before or after matwiry hereof may apply the ~~'~~I~ETTO AR'CE ERATIOI~ASIDfD N THE l~RT6A6E 0 EYEN DATE iNld! SECURES THIS NOTE. P. o. /s/ Albert Sollazzo ~a4 - _ ALBERT SOLLAZZO No.~ Due ~1) form l0e - ~ _ - wad shall date. protaptlp and fully perform, discharge, execute, effect, complete, comply with and abide by each and every the st3pulatiiootr, a6ceements, conditions and covenants of said promissory note wad of this mortgage. then this mortgage and f the estate hereby crated shall cease and be null and void . It is undascood that each of the words, "note;' "mortg:gor" 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 jointly i wad severallq, if more than one, and shat! be masculine, feminine and/or neuter, wherever the caatezt so implies or admits. - 4 And said Mortgagcz for himself and his heirs, legal representatives, successors and assigns, hereby covemnts and agrees to and with said Mortgagee. his legal representatives, successors wad asaigrts: 1. To pay all and singular the principal and interest and the various and sundry sums of moaeq payable by virtue of said promissory torte, and this mortgage, ach and every. promptly on the days respectively the same severally become due. 2 To pay all and singular 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, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebtedness secured, hereby ach and every. ~ when due and payable according to law, before they become delinquent, and before any interest attaches or any penalty is _ incurred: and in ao fir as any thereof is of record the same shall be promptly satisfied and discharged of record and the or- iginal officil documeriC (such as, for instance. the tax receipt or the satisfaction paper officially endorsed or certified) shall be phtced is the hands of said Mortgagee within ten days next after payment; and in the event that any thereof is not so paid, satisfied wad discharged, said Mortgagee may at any time pay the same or anq put therof without waiving or affect irtg any option, lien, equity or right under or by virtue of this mortgage. and the full amount of ach and -every such pay- ment shall be immediately due and payable and shall bear interest fr9m 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. 3. To place and continuously keep on the buildings now or hereafter situate on said 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 nay 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 Pxcess thereof, shall contain the usual standud 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; atsd, not less t:ban ten days in advance of the expiraciar. of each pulicy, to deliver to said Moztgagee a ienewal thereof, together with a receipt fo.* 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 witho~:t thereby araiving 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 anq respect fail to perform, dischuge, 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 opdon, 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. - ~3~~' gig o~ - - BOOR~is t~E Re-P.ecord -