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HomeMy WebLinkAbout1772 • ~ SSa900.00 Stuart, Florida, ~ ~ 3 1980 For valve repiwd, I, vw, or eitMr of us jointly artd severally promise to pay in lawful moray 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 FIVE 1t~1SMD NII~B At~D irp/100-----••••---~~-----~ --111~--rlyyr-y-..,------______-....__~__ -------------Dotlsrs topatl»r with krtarost born daN N the rata ola~par oantum par Mnww on tM unpaid balance until paid, saW principal and intareN b bo payablo as S!s Ka>r~c+d lhdz'elr~-Five and li0/L00 ~ 635.LO - - i In~lt~ai~ int.r.at, o" M» follow.: In monthly krtdlmenM of --s~.~ i~--..-- day o/ .achdnwnth bpinninp on the c~. Y r. _ day of -----~._.M..C!~l..C..i1..-- , t9. and conthu:InQ on !ht . 9-~~..- . day of :ach er+d lw+y w+o~rth tharaafar untq tM - - daY ~ - 19-..Q ~ , on which said date the ent've balance of principal and intaroat than unpaid sMll become dw and payable. Each payment h b be applied fiat b Merest and the balanoa to principal. In use said MstalbrwiM, of any of them, era not paid within 1S days after the sent become due, the whets of said principal and interest scr:n shall forthwith become dw and payable et the oprion of the holder of this no». yya, the makers, swetNs, endorser and gwrenton of the rota, hereby severally waive presentment fa payment, ratio of non'Paymant, protest and notion of poNSt, and dilipanoa of bringaq suit agairrl any party tharoto, and consent thN time of payment may be ascended without notice thereof to arty of tM sucetin of this nets. Now, should it bo napasary to collect this note through an enomoy, oath of w, wMther make., sorcery a endorsor on this note. hereby ague b pay ' all coati of said colMaion, kKlvdN+O • roaonable attornet/s fee. Sold bank M Iwoby oxpraaly authorirad b rNain any general a spacial deposit, oollaMral, real or personal security, or tM proceeds therwf, belong- ing to Nthar of us, now or, hereahor in tM possession of it during the lima the rota remeim unpaid, and before a after maturity hereof may apply tM 1~~S LS A ~A I~t « r a~ ~~a~~~pl~l~~lt~ ~~Il~~~' 78 ~3 388.21 10( ~ /1OflitB~ I,N~Sra ANfl, A1~D AIL AWAt~~I'8 tom: ~i ~ P. O Seal) No Due (Seal) \ renw loo 4igir and shall duly, promptly a~ 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 ' cespectieely and the pronouns referring thereto, whether in the singular or plura) anywhere in this mortgage shag 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 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, suffeced, 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 fir 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 chat ar.y thereof is not so paid, satisfied and discharged. said Mortgagee may at any time pay the same or any part checof 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 shat! 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- 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 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 be promptly delivered to and held b}• said Mortgagee; and, not less than ten 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 he 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 brcumr3 payable under such policy or politics said RSaztgagte shall have the option to receive and apply the same on account of the indebtedness secured hereby or n. permit said l~fortga- gor to receive and use it or any part thereof for other purposes without thereby waiving or impairing an}• equit}•, loin or ~ right under or by virtue of this mortgage; and in the event said 1ltortgagor shall for any reason fail to keep the said premises t so insured, or fail to deliver promptly any of said policies of insurance to said Mortgagee, or fail promptly to pay full}- an}• 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 ever}- 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. aaoK~~ PacE1~