HomeMy WebLinkAbout2737 i~--2a~G0 Stuart, Florida, 1~~~_ ~ 19 a0
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for valve received, I, we, or either of us iolntly 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 st its office in this city the principal
sum of ~A/tL_-- - - •------Dollars i
topethar with irMerest kortt daN N tits raN of ~~per prawn ~
pN annum on cite unpaid balance until paid. saW principal end interest to bra payable M
follows In monthly katallmenn of -.~-~,~ew~r~rel,~a--j~Q..~~Iws~-~ K-~S.I~~-~) InehrdMtp M+Nnat, on rho r
...-..p,/'Y~.... drq of each month bpinnirp on cite dey of .,---•••-f~-~-~-._-------- , 19__-__-.~
and pntitWlne on ttaad.- 71~.- - day of each and awry nanth thenafNr until tM ~.1.- }ill .day of ~„C¢'L4i-ar/lf~
19........- , on whldt aid daN cite entire balanq of principal and innresl then unpaid shall becorrto dw and payable. Each payment is to bye applied s
fiat b inttrNt and ttte balanq to principal. In cpo said imtalltnenn, or any of tlrm, are rtW paid within 15 days after tM same becane dw, the wttoM
of acid pktdpal and interest awn shall forthwith bopmo dw and payable at cite option of cite holder of this note.
Wa, tl+e makers, swoNp, ertdorsen and gwran?ps of this note, htreby uverally waive presentment for payment, notice of non-payment, protest and
notice of protest, and diligertoe of bringing suit against any party thereto, and convent that tuna of payment may be e><tended without notice thereof to
any of rite suretip of th4 note.
Now, should h be nopssary to collect this raoto tMougA an anomey, each of w, whether maker, awety o. endorsor on this rota, hereby ague to pay
all Doan of said odMaion, tncludlrtq a naaonable attorney's fee.
Said bank i hereby exprewly eutltaited ro retain any general or special deposit, collateral, real or personal secwitr. or tM txopeds thereof, belortq•
ittq b either of us, now Or hereafter in the possessiat of it dwinq tM time this note remains unpaid. and before a after matwity hereof may apply tM
same 10 the a any other debt a liabilities of either of us to said bank, dw or to become dw. Given under rho hand and seal of oath party.
THIB 110?a IS SU1d,TEC'! 1~0 ACCEt.>9tAZ'ZOlB AS P'RpYIDED I!i l~1tZ+QAGE 0~ EVEA DrTE i1BICH
8)mCtlliEB 1ffi3 !10'!E.
P. O - /s/ Georste W. Harris. Jr. t~l)
G~+0;8GE W. HA>~AI8, J8. ,
No Due (Seal) , .
Bret too
`R•a*~ ~
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
the estate hereby 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
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
to and with said btortgagee, his legal representatives, successors sad 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 singuar the taxes. assessments, levies, liabilities. obligations and incumbrances of everv 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-
iginal 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 that ary 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-
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 anti! paid at the rate of ten per
centum per annum and together with such interest shall be secured by the lien of this mortgage.
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3. To place and continuously keep on cite buildings now or hereafter situate on said rand fire and windstorm insur-
ance in the usual standard policy form, in a sum not less than the hiKhest insurable value, in such company or companies as
may be approved by said btortgagee; and all such insurance policies on any of said buildings, an} 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, pa}•able to said Mortgagee as his interest ma}• appear, and each and even- such policy
shall be promptl}• delivered to and held by said btortgagee; and,-not less than ten da}•s in advance of the expi:atian of each
policy, to deliver to said btortgagee a renewal therrnf, together with a receipt for the premium of such renewal; and there
shall br 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 polic}• or policies said ~iortgager
shalt 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 ant equit}•. lain 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
so insured, or fail to deliver promptly an}• of said policies of insurance to said btortgagee. <?r fail prurnptl}• tv pay fulls an}•
premium therefor, or in any respect fail to perform, discharge, execute, effect, complete, comply with and abide by this cov-
enant, nr any part hereof, said btortgagee may place and pay for such insurance or any part thereof w•ithouc waiting or
affecting any option, lien, equity or right under or by virtue of this mortgage, and the full amount of rash and evrn• such
payment shall be immediately due and payable and shall bear interest frorri the date thereof until paid at the rate of ten
per centum per annum and together with such interest shall hr secured by the lien of the mortgagr•