HomeMy WebLinkAbout0687 _ - `
.
:16,100.00 Stuart, Florida Deosmber 3 , lq 79
For valve npived, I, we, or eitFter of us jointly end severally promise to pay in lawful money of the United States of
Anteriu to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal
sum of __S.Ix'1'EEII__rL~QI18AHD__.ONE._HIIItTDR$~__1~iD._Iti0~100.:_-.--.----,--_----------..--dollars
topNlw wIM Mttaeest from data at the reN of ~ par cw?tuen par annum en tM unpaid bal.nq until paid. said prierdpal and ingress to b• payable ea
follow.: In menMly lnat.llmenb of 'I~t10 H11>r1C~rQd Forty--. and _ ~0/100- n240.4Q- 1 l„cl„~,~ +nn..a, en dte
-3rd... dal, et ..eh menM bplewrierp on cite 31'd des of .._.__.sJ~LZEAry_-
and cartierctlrr~ en Nta 3rd day of each and awry nron?h thereafter wrtil the 31rd day of DeC91~9r
l0 8 9 , on which acid deN the sews balarp of plncipal and interest than unpaid aha11 beconr des and payable. Eadr paymee?t b to ba applied
tint to intones and cite balance b pintipal. In teas said inttallmanb, a any of Man, an not paid within 1S days attar the saetra bacons des, the whole
of said pineal and Interest sum aMtl forthwiM bet~ene due and payable at sire eprion of tM holder of Mis rota.
Wa. tM enakees, swetia, endonen and 9uaanton of the rrota, hereby aaverally waive presanrnrnt fa payrerent, notu:a of non•payrtreet, proNat and
r+aip of protest, and diliperrce of brH+PUrq~auit apainat any party tftsreto, and conaent that tine of payment may be ascended w~ehout notes thaaof to
eery of the aunties of this rteN.
~ d y
Now, should N be erepsaary ro aolkta this note though an anorney, each of w. wheMer mate., awery a eerdoraer on Chia nwe, booby spree to pair
all costs of said colMctia+, Mtlcrdkrp a reesonabla attorrrey'a hte-
Said bank V hereby eaprewly avthaiaed b ?Main ens pene?d a apeual depait, t:ollateral, real a penond aacwity, err sire prooaeds rhaeof, balonp-
inp roeither of w: now a hereafter in tM poasesaan of it dwurp the tuna Chia Hess remains unpaid. and before a afar mNtrriry hae0i may apply tM
aanre w this a aye other debt a liabilities of eitlra. of w w acid bank, des a to bawnre dw. Given under the hand and wal of each party.
p,0 /s/ Homer M. Colson
. ~eq
Homer M. Colson ,
~ I~ue
_(Ssal)
tj.ret Nla
''it•?r ~
and 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 i
the estate hereby created shall cease and be null and void t
f 2
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 s
and severally, if more than one, and 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, hereby covenants and agrees
f 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 Sams 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 1
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
i incurred: artd 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 satisfaction paper officially endorsed or terrified) shall
be placed in the hands of said Mortgagee within ten days next after payment, and in the event that ar,y thereof is not so
paid, satisfied and discharged, said Mortgagee may at any time pay the same or any part therof without waiving or affect-
s ing any option, lien, equity 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 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. To place and continuously keep on the buildings now or hereafter situate on said land fire and windstorm insur-
_ ante 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 iLtortgagee; and all such insurance policies on any of said buiidin(CS, any interest therein or part
R 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 I?lortRagee as his interest may appear, and each and even such policy
e shall be promptly delivered to and held by said Mortgagee; and, not less than ten days in advance of the expiration of each
1 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 +
3 the loss payable as aforesaid; and in the event any sum of money becomes payable under such policy or policies said I11ortRagce
1 shall have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said klortRa-
Ror to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity, loin or
right under or by virtue of this mortgage; and in the event said Mortgagor shall for am• reason fail to keep the said premises
t so insured, or hil to deliver promptly any of said policies of insurance to said Mortgagee, or fail promptly to pay fully am i
premium therefor, or in any respect fail to perform, discharge, execute, effect, complete, comply with and abide by this co~-
snares, or any part hereof, said 111ortRagee 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 even• such a
a~ment shall be immediatel due and #
p' y payable and shall bear interest from the date thereof until paid at the rate of ten t
per centum per annum and together with such interest shall be secured by the lien of this mortQaQe.
s
4
IiRrl~n ~1[1~1