HomeMy WebLinkAbout1675 ~ Stuart, Florida, F~ i 19 ~
For valve rewtved, 1, ws, or either of u: iolntly and severally promise to psy in lawful money of the United States of
America to tM order of FIRST NATIONAL BANK AND TRUSTC,~O~M] PANY1~/O~/~F~STUART st its office in this city the principal
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topettrr with interact from daN N the rate of ~.•pK anrurn par annum on tM unpaid balance vnHl paid, uid pinctpal and in»rNt to be payable n
follows: In rr,onthly lea.um.nts of 5~..~~'~ qty-Eight alod 97~L00 n__-658.97. 1 t,~,,,d>.,o ~,»r„t, on th.
day of each rtronth bepfr,nir,p on tlra /3 day of 4_-_-.--.1.--.-... 14
and oantirwMte ee tM _ /...3 day of each and awry nanth theraaf»r until tM ~ day of F~.- .
19 , on whkis seed date the ant'ua balance of principal and interest than ur?peid sMll become dw and payable. Each payment is ro be applied
fins ro interest and tM balance b principal, In case ssid Installments, or any of tt,em, en not paid within 1S days char the same bacana dw, the whole
of saki principal and interest sum sMll forthwith becorna dw and payable at the option of the holder of this note.
Wa, 1M makara, sureties, a+dorsen and guarantors of rhi: no»• htrsby NWrally waive presenrmenr to. payment, notice of nonpayment, protest and
notice of po»st, and diliperrte of brinein0 suit epaimt any party thereto, and consent that lima of payment may be extended without nDfip thereof b
any of the eateries of this note.
1 Now. tlwuld N ba naaasary w collate thb noN throupA an anomay, each of us. wMrhar maker, rwaty or andonar on this rata. haaby praa to pay
1 all coats of aW odlaoion, ineludteq a reaaonabta anornay'a fora.
Said bank N hereby exprauly awho?Iwd ro retain any tlerreral o. spacial deposit, collateral, real or personal security, a the proceeds tMreof, belonq-
in9 roeither of w, now o. heraaf»r in tM poueuiar of it during rM tinN this rata remains unpaid, and before or of»r matwiry hereof may apply tM
lama ro this o? any eltter debt or IiabiiitiM Of either of us ro said bank, dw or ro become dw. Given undo. the hand and seal of each party.
rI~3 IS A BAIlAQd M~ Aim 11~ FINAL PA~FNr OR ~ HAItAQ1 D[E t~T MA1~tTIY IS
5 008.00, 1O(~R WITH AO(1ti.» Il~lEE~ST, IF ANY. Ai~ID ALL AT1VANfI~irN1'S MAZE SY ~
~ 1l1~S OF 1HIS I~IIGAGB.
• /_s/ Paul A_ 1l~anmsan rip -
PAiA. A.. Zl~II~9(I~1
No Due ~Ardithearl ltyor>~son
t ~ too (Seal)
i
`~•a,a ~
and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply wnn ana aurae uy ca~rr
the stipulations, agreements, conditions and covenants of said promissory note and of this mortgage, then chis 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 chis mortgage shall be singular if one only and shall be plural jointly
i 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 fazes, assessments, levies, liabilities, obligations and encumbrances of every nature and
kind now on said described property, and/or chat 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,
I 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 arty 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 place and continuousl}• keep on the buildings now or hereafter situate on said sand 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
a may he approved by said Mortgagee; and all such insurance policies on any of said buildings, any interest therein or part
thereof, in the aggregate sum af~,resaid or in excess thereof, shall contain the usual standard, mortgagee clause making the
loss under said policies, each and even, payable to said bfortgagre as his interest may appear, and each and turn, such policy
' shall be promptly delivered to and held by said mortgagee; and, not less than ten days in advance of the expiration of rarh
policy, to deliver to said ;ttortgagee a renewal thereof, together with a receipt for the premium of such renra•al; and there
shall be no such insurance placed on any of said buildings, and interest therein or part thereof, unless in the form and with
the loss pa}•able as aforesaid; and in the event any sum of money becomes payable under such police- or policies said Mortgagee
- shall have the option to re:.eive and apply the same on account of the indebtedness secured hereby or to permit said mortga-
.got to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity, loin or
~ right under or by virtue of this mortgage; and in the event said 1?tortgagor shall for any reason fail to keep the said premises
~ su insured, or fail to deliver promptly an}• of said policies of insurance to said Aortgagee, or fail prompth• to pay fulh• am•
premium therefor, or rn any respect fare to perform, discharge, execute, effect, complete, compiy with and abide by this co~•-
anent, or any part hereof, said Mortgagee may place and pay for such insurance or ant, part thrrruf without R•aieing or
affecting any option, lien, equity or right under or by s•irtue of this mortgage, and the full amount of rarh and even, such
pa}•mrnt shall be immediately due and payable and shall brat interest from the date thereof until paid at the rate c,f ern
per centum per annum and together with such interest shall he secured by the lien of this mortgage.
d x 327 ~A~E x.674
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