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HomeMy WebLinkAbout2557 • ' ~ • t 7 ~ 000.00 Stuart Florida, ~"f 2 9 , 19.0 For valve rt>ioaivgd, i, vw, tx either of us ~otntly and severally promise to pay in lawful money of the United States of America to the txdar of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal i N~~~MNNN~N~B~N A~ ~nO~NN~~M~~~N~~N~N cum of .._.»..----.-~-._.___..__._.-_______Dollan tegethat wNh tttleteet ftom dab at tits tats of 1 pat oantuwt per annum en the unpeid balance until paW, sahf prlncipel and intetNl b ~ payable M pw 8~dsrd asstd S2/100-- 10.52 !slla,M.: a tnonthh? M+.»um.nb of ~ I kitwdYw Mbnat. on th. ~ 11,psi1 , lf~~ clay d .aeayt month bpM+ning on the ~ day of . and aontMwlsg aw the dey of each and awry nanth thateaftet until the day of _._b--._._.__..~._ 19.90._. , an wltidt eaW data tlta antis belana of ptN+cipel and N+tateat then unpaW shall bean+e dw and payable. Ead+ payment h b be eppiled first b intentat and the balance b principal. In ace said•MntalM~a+M, er any of than, an not paid within 1S days after fhe cane become dueQtlte whole i d said prYtcipal and Inbta.t cum atoll fa.,laritlt beooma due erd peyabla at N+e option ai the holder of thta cab. C d I_ y Wa. the mahara, settetba. endotean and gwranton of this nob. Aereby eew?ally wart presentment fa payment, eatia of nompaynMnt, Probst and notka of protest, and diligetta of br4~ging curt egeYNt any party thereb, and consent that time of payment may be a:tended without notion thereof b ally a~f the sureties of Ndt nob. Now. should k 4 rteeeesary b oolMct tip nob tirouph an attorney, each of us, whether make., surely a endorser on this nob. hereby apse b pay all ooate of said oollwien, inchrding a reaaonab4 ettarby's fee. . Said bank Y hereby aapressly autitoriaad b rNain any generd eK epaWl deposit, oollobral, real or personal secwiW, a the proceeds thereof, belong- i ing b NN+er of ua. now or hereafter iA the poeaeraion of i1 durMg the twine chic nob remairu unpaid. and before or afbr mahNily hereof may apply the ~~'y fir #~i~rl"~b' '"~b~'o sM ses`""i~o~ra"~as o ri"'~vs1~t DATE NHZCR ~ACQRZB TNIB ~101tE. P.O t V q E ~ sue /s/ Barbara Florio (seal) hr.10a and shall dtt1T, promptly and fully perform, dischuge, execute, effect. complete, comply with and sbide bq each sad every the stipts4tlans, agreements, conditioru and covenants of said promissory note and of this mortgage, then this mortgage and the estate hereby created shsU cease and be null and void It is uat~erstood 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 singtilar if one only and shall be plural jointly t and severally, if more than one, and shall be masculine, feminine and/or neuter, wherever the Context so implies or admits. i And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby covenants and agrees i to and with said Mortgagee, his legal representatives, successors and assignx 1. To pay all and singular the principal and interest and the various and sundry sums of money payable by virtue of E said promissory no;e, and this mortgage, each and every, promptly on the days respectively the same severally become due. T. To pay all and singulu 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, ~ ~ l when due and payable according to law. before they become deliaqueftt, and before any interest attaches or any penalty is incurred: and in so fu 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 q be glued in the hands of said Mortgagee within ten days next after payment; and in the event that auy thereof is not so paid, satisfied and dischuged, said Mortgagee may at any time pay the same or any part therof without waiving or affect- ing any option, lien, equity or Rglit 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 teen per i 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 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 wich 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 io rexeive and apply the same on account of the indebtedness secured hereby or to permit said Dfortga- ` gor to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity, lean or right under or by virtue of this mortgage; and in the event said Mortgagor shall for any reason fail to keep the said premises so insured, or fail to deliver promptly any of said polities 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 withouc 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 i per centum per annum and together with such interest shall be secured by the lieln of this mortgage. 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