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HomeMy WebLinkAbout0564 • _ . _ s~.~.~~_ Stva~t,~+., Jars ~l , 19~ ~ value noNwd, 1, vw, tx Ntltar of us ~antly and aavsrally promba to pay in lawful ~y of tlla l,Jtlitad States of AnlKica to the otdar of FIRST NATIONAL t#ANK ANO TRUST OOMPANIf OF STUART at in office M this city tlla prindpal al~tll of __._..---..~._.___.Dollan teastMr watt btlsraM ~ rasa st tlia rasa d ~.'Mr an1~ i~? ~ the rwpsM bNsiw untN ~j'Y InNi~sM q a psy~M « _ (~1 Mw~a+sb M tM Iafistra M nnstltls ssslsNntsnM d ln~btdw~a iq? d aadt r»atMh ~t0 on tM •---=-••_~t~... ~ x ~1ltlfet ltl~ sad arMbtrbtg sw Nta _ ~t ~ d each and wary nutmh titstadNt t~ tM day d r...~__.__.._...-._., Itr_4s.. , art wk~dt raid dssa tlta antYr balstw d pM~ctpM and YNarast than unpaW ahsN baoaoa duce and psysbb. Eadt parnnaut N to b. MgINd Ant w btiaeast and tlta babntea M prtneipal. M rasa trill hgtaMnnnst. a d thank era nef paW within 1S days dssr tits sasia baatws des, tfta whekt d asld orindpsl and MnstaM aunt shsN tatltwlth basoswa race and pgtila at tM a*tiett d tM holds d this neN. wa, Nn aNkars, wtWIM, MtdarMn and auarantora d tNs nos, havabtr ~awraly waM praaannosnt ter paywynt, netita d tgt?~psyraatM, proMSt and nMioa d proNat, and dWaarta d brM~ip atAt aoaitst anl/ prtp tharsso, and osiuarN that ttma d paymam Huy ba aatandad without notice tharad to atrr of ties aurslisa d this wsM. Now. shout M M rtaassstr » aoYaa thM neN thragA an attorttay, arch d us, whalha? tnakar, suratp a andortar en this seta, haraby apna to psl? aq sasst d said aNarsNtS, M~chiir • taasansbla stNrrta~a race. Sold bank 4 Astaw eapranlp aulharisad N slain arty aartsral a spatial dapwit, oo1lNa.a1, Hal a parsons! saowiM, ar the Pr'~~ bdona• ins a aitMr d us, now a Itsraattsr h the passsasien d h during tits tins this noN remains unpaid, and baton a attar endyrNp hand nunr appip tM scents to this er arty athar dsM w IisbilNiss d aNhar d w to sNd bank, des or to bsoana duce. <iiwn under the hand and aaai d asdt partp. ~ P. O_ '>mie note ~ be ptnp~iid ~t ~ /t/ Hwl~y U3S1D t!>.a without pooalt7 • u~ ii..laD ~ ~ib.:r 7tar and shall duly, Promptly and fully perform, dischaage, ertecuts. elEect. complete, comply with and abide by each and every the stiputstiotss, sgreetnents, conditions and covenants of said promtrory note snd of this mortgage, then this mortgage and the estate hereby created shall cease and bt: Holt std void. . It b understood that each of the words, ..note,., ..mortgagor'. and "mortgagee" respectively snd the pronouns referring • thereto, whether in the singular or plural anywhere in this mortgage shall be singular iE one only and shall be plural jointly and severally, if more than one, and shall be atsaculine. 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 Mortgagee, his legs! representatives, successors and saigns: ~ 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by virtue of said pmmissoty note, and this mortgage, each and every, promptly on the days respectively the same severally become due. 2. To pay cell and singular the razes. assessments. levies, liabilities, obligations and ittcumbrances of every mture and kind now on said described property, and/or that hereafter may be imposed, suffered, placed, levied or assessed thereupon. and/or that hereafter tray be levied or sa=ssed upon this mortgage and/or the indebtedness secured, hereby each and every, when due s~ payable according to Isw. before they become delinquent, and before any interest strobes or any penalty is intoned: and in m far as say thereof is of record the same shall be promptly satisfied and dischuged of record and the or- iginal officLl document (such ss, for instance, the tut receipt or the sstiafiction paper officially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days nett after payment; and in the event that any thereof is not so paid, satit$ed and discharged, said Mortgagee rosy st say time pay the same or any part therof without waiving or sffea- irtg any option, lien, et;uity or right under or by virtue of this mortgage. and the full amount of each and every such pay- ment shall be imntedistely due and payable and shall bear interest from the date thereof until paid st 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 Cre 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 Mortgagee, and all such insurance policies on any of said buildings, any interest therein or part thereof, in the aggregate sum aforesaid or in excew 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 be promptly delivered to and held by said Mortgagee; and, not less than trn 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 plated 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 without thereby waiving or impairing any equity, Lein or right under or by virtue of this mortgage; and in the evrnt 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 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 stall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per crntum per annum and together with such interest shall be secured by the lien of this mortgage. 8~~'S 56i