HomeMy WebLinkAbout0878 ~ Stuart, Florida, ~ 19~
For valve reserved, 1, we, or either of us jointly and severslly promise to pay in lawful money of the United States of
Arrterica to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART st its office in this city the principal
1~III~1'Y-SIX 1~~1SAl~ID AMID I~/10(}-------------------------- .Dollars
sum o -
togethN with interest from data at tl+e raN of ~ par antwn pa annum on tM unpaid balance uMntll paid, acid principal and intartit ro ba paYabb y
follows: In monthly Irtatallrttents of FOl>)r ~ 7~1W f= ~.72 1 Indwlinp IntarNt. on tiM
E7......._ day of oath month beginning on tM day of - - - _ - 19..~-
and oontinuing or+ tl+e ~ d.y of each and awry month thareahe? until tM day of
19 95 , os+ which acid date tM antis balance of principal and interest then unpaid shall btcome dw and paveble. Each payment is ro be applied
fine ro interest and the balanq ro principal. In taw said installt+tanM, or any of tMm, a?e not paid within 1S days after the saute become dw, the whole
of said principal and interat sum shall forthwith become dw and payable at the option of the tq!der of this nova.
Wa, tM maker, swetiea, endorsers and guarantor of this note, hereby severally waive presentment for payment, nohca of nonpayment, protest and
notip of protNt, and diligence of brtngirtg suit against eny party tMnto, and consent tMt time of paymrrnt may be extended without notice thweof ro
any of tM stxeties of thin noN.
How, should it be necessary ro collect this nos through an attorney, each of us, wltetMr ma?er, surety a endorwr on this no+e, Mreby agree ro pay
all cwM of aid collection, includirtp a referable attorney's fee.
Said bank M hefeby •>tpresfty authorised fo retain any general a special deposit, collateral, real or personal security. or the proceeds therwf, belorg-
ing ro either of ub now Or heraaher in tM possession of i+ during 1M lima this rota ?emains unpaid, and before or after maturity hereof may apply tM
same ro this a any other debt or liebili+ies of either of us ro said bank, dw o? to become due- Given under the hand and wal of each party-
7IIIS NOlE LS S[~JE(T 1~0 AOCSERATLCN AS PF~VID® IN ~ ~ Q°' L=VFld Dl~1E ~HIC~i
P. O /s~ Gary L. Van C~ (Seal)
- Gd11IrY L. VAN C,t~l~
No Due /s/ DawCls J. Vffi1 CBnp (Seal)
tae n~ J. vAN c.~r~
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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
co and wick said Mortgagee, his legs! representatives, successors and assigns:
i. To pay all and singular the principal and interest and the various and sundry sums of money payable by virtue of
i said promissory note, and this mortgage, each and every, promptly on the days respectively the same severally become due-
t. 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, 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 ever},,
when due and payable according to law, before they become delinquent, and before an}• interest attaches or any penalty is
1 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 soy 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 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 plan and continuuusk keep on the buildings now ur hereafter situate on said land fire and w•indsturm incur-
ancr in the usual standard polic}• form, m a sum not less than the highest insurable value, in wch temper}, or companies as
may be approved by said Mortgagee: and all such insurance policies nn any of said buildings. am• interest therein or part
thereof, in the aggregate sum aforesaid ur in excess thereof, shall contain the usual standard mortgagee, clause making the
loss under said policies, esch and ever},, payable to said 1lfortgagre as his interest may appear, and each and mere such polic}•
.hall be promptly delivered to and held b}• said Jturtgager: and. not less than ten days in ads•anrr of the expiration of each
pullet,, to deliver to said ,~tortgager a renewal thereof, together with a receipt fur the premium of such renewal; and cheer
shall be no such insurance placed on any of said buildings, and interest therein or part thrre.~f, unless in the form and with
the loss payable as aforesaid: and in the event am• sum of more}• becomes payable under such polic}• or policies said \lort¢agre
shall have the option to receive and apple the same on account of the indebtedness secured hrrebc or ut prtmit said J1ortFa-
~ got to receive attd use it or any part thrrenf for other purposes without thereby w•aicing or impairing ant, rquits-. Lein or
ne_ht under o: bs• virtue of this mort¢aQe: and in the event said Mortgagor shall for am• reason fail to keep the said promises
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su insured. ur fail to delis•rr promptly any of said policies of insurance to said Uortgagre, ur fail pmmpth• to pay fulh~ am•
premium therefor- or in any respect fail to perform, discharge, execute, effect, complete, cumph• with and abide b}• this cuc-
rnant, or any part hereof, said .,\lortgagrr may place and pay for such insurance or am• part thereof without wais•ing or
affecting any option, lien. equity or right under ur by virtue of this mortgage, and the full amount of each .tnd teen, srtch
parrrrnt ,:hall be immediateh• due and payable and shall hear interest from the date there( until ~,tid at the, rate of ten
per centum per annum and together with such interest shall he secured bt' th~• lien of this mortgage.
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