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Home My WebLink About1567 .ett? 3 ~0.~•~ ' Stuart, Florida, ~ 7 19 79 For value received, 1, we, or either of us jointly and severally promise to pay in lawful money of the United States of America to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal sum of__~_`-----------~_~_-------------k~ ~OQS~A2ID AND li0/1"" ____~_Dollars together with interest from date of tM rate of .li der centum per annum on tha unpaW balanp until paid, said principal and intarest ro bo payabla as folbws: in monthly installment of ...Ql44.-I~__~r~~!-_ilif~...11I1Q~.._--- (=.--.1~9~.17------..-.) including interest, on tlae day of each month beginning on the - .day of -.--------•-----)~lC~l--• - 19__ _79 i and continuing on the ~ day of each and every month tMreafte? until the day of .-...-.._----.AOV~!l----_.._.----~-_--_-. 19 &9- , on which said date the entire balance of prirxipal and interest tMn un id shall become due and pa payable. Each payment is to be applied first ro interest and the balana ro principal. In case said installment, or any of them, ere rat paid within 15 days after the same become due, the whole of said principal and interest sum shall forthwith become due and payable at the option of tl+e holder of this note. We, the maker, sureties, endorsan and gwranton of this note, hereby severally waive presentment far payment, notice of non-paymr:nt, protest and notice of protest, and diligence of bringing wit against any party thereto, and content that time of payment may be extended without notice thereof ro any of the surctaes of this note. Now, should l be necessary ro collect th& note through an attorney, each of us, whether maker, surety or endorser on this note, hereby agree ro pay all cost of said oollaction, including a reasonable attorney's fee. Said bank is hereby expressly authorized to retain any general or special daposit, collateral, real a personal security, a tlae proceeds thereof, bebng- ing roeither of ut, now or hereafter in the possession of it during the time this rate remains unpaid, and before or shat maturity Hereof may apply the same ro this or any other debt a IiablliY~ss of either of ua to said bank, data a ro become due. Given under tM hand and seal of each parry. ?HIS ROlB IS SUIS.TKCT TO A~OCEI.ERATIQI AS P)ZOVIDED Ili TIC >!~]itTCAGB OF BV>!~ DAtB fiHI(S SFCOBES THIS NOTE. P. O. /s/ Howard D. Bishop (Seal) HOiliiA>RD D. >dIEHO! No DuP /s/ Frances A. Bishop (Seal) Form 100 FMS a. BISHOP - sowt.WTtae • t sad shall 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 of this mortgage, then this mortgage and the estate heieby created shall cease and be null and void It is understood that each of the words, "note; ' "mortgagor' 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 r and severally, if more than one, and shall be masculine, feminine and/or neuter, wherever the context so implies or admits. f 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 and assigns: ~ 1. To pay all and singular the principal and interest 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 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 each 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 so far as any thereof is of record the same shall be promptly satisfied and discharged of record and the or- igins) official document (such as, for instance, the tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days next after payment and in the event chat ar.y thereof is not so paid, satisfied and discharged, said Mortgagee tray at any- time pay the same or any part therof without waiving or affect- ing any option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and every such pay- a mart shall be immediately due and payable and shall bear interest from the dace thereof until paid at the rate of ten per I ' cencum per annum and together wick 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 may be approved by said Elioregagee; 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 br 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 6ortgagee 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 of part thereof, unless in the form and R•ith ` the loss payable as aforesaid; and in the event any sum of money becomes payable under such policy or policies said blortgagte shall have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said Mortga- got to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity, rein or right under or by virtue of this mortgage; and in the event said lltortgagor 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 am' 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 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. so~K320 PA~E1564