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HomeMy WebLinkAbout1954 • .x s _ Stuart, Florida, 19 ~ For value received, t, we, or either of us jointly and severally promise to pay in lawful money of the United States of ' America to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal sum of____-_____________.____-- 1`t~i!'Y~D(~ ~MD AL+D I~/1A0-------_ pollars together with interest from dare at the rate of per centum per annum on ?hs unpaid balance until paid, said principal and interest to be payable as follows: ~p ~10 L}11'>at>~1 1, 1980 1n t'~ il01111~ Of $191. /v, >$OZI~AIi~ bye ~tal$l ~ t~ ~$31r8.12 be~sdrg I~? 1. 1980. fiolla~wd b~? In case said installments, « any of them, are not paid within 15 days after the same become dot, the whole of said principal and interest sum shall i«thwith become due and payable at the optwn of the holder of this note. We, the makers, sureties, endorsee sect guarant«s of this note, hereby severally waive presentment f« payment, notice of non-payment, protest and notice of protest, and diligence of bringing suit against any party thereto, and consent that time of payment may be extended without notice tlsereof to any of the sureties of this note. t Now, should it be necessary to tolled this note through an att«ney, each of us, whether maker, surety « end«ser this note, hereby agree to pay all costs of said collection, including a reasonable attorney's fee. t Said bank is hereby expressly auth«ized to retain any general « special deposit: tollater~l, real « personal security, « the proceeds thtreof, belong- ~ ing to either of us, now « hereaher in the possession of it during the time this note remains unpaid, and before « after maturity hereof may apply the t sans to the « any other debt or liabilities of either of us to said bank, dos « to become due. Given under the hand and seal of each parry. TF1LS LS A BE1Iii0(N M~ICxA($ AND 14ff. FIISAI. PA~~?T Qt ~ BP?IIl,X~T Z>0~ UE'Qd MA1~t1TY IS 21 728.00, 1 WI1Ii A~ II~TI~ST, Ili' ANY, AMID AIL ATJVA1'S MAiE 8Y ~ ~ 1&~ OF 1III3 I~CttAGE. /s/ Joseph P. Passart~te (Seal) ~ P. O. JCIS~H P. PASSANANlE /s/ Casoo~ille Passa~~ante Seal No Due ( ) t„~'~'JE PASS?+I3AN1E F«m 100 Rev. 3/71 .o•na~sreae 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 tht estate hereby created shall cease and be null and void. • It is understood that each of the words, "note," "mortgagor" and "moregagee" 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 ~ to and with said Mortgagee, his legal representatives, successors and assigns: 1. To pay ail 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 encumbrances 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, when due and payable according to law, before they become delinquent, and before any interest attaches or arn• penalty is incurred: and in so fa: 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 the[ eery 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 continuously keep on the buildings now or hereafter situate on said land fire and windstorm incur- ante in the usual standard policy form, in a sum not Tess than the highest insurable value, in such company or companies as may be approved by said Mortgagee; and all such insurance policies on ant, of said buildings, am• interest therein or part thereof, in the aggregate cam aforesaid or in excess thereof, shall contain the usual standard mortKaFee claasr making the loss under said policies, each and every, payable to said :11ortRaKer as his interest may appear, and each and evers• such polic}• shall be prompth• delivered to and held by said Mortgagee: and, not Tess than trn_days in advance of the expiration of each policy. to deliver to said AtorzgaRee 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 zhr form and with the lots 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 hereb}• or to permit said :~[orrga- a Roe to fecClVl' and use it or an}• part thrrrof for other purposes without thereby waiving or impairing any ryuity, Lein or right under or by virtue of this mortgage: and in the event said Mortgagor shall for am• reason fail to keep zhr said premises so insured. or fait to de!iver prompth• any of said policies of insurance to said Atortkagrr, or fail prompth• to pa}• fully am• premium then•titr• or in any respect fail zo perform, discharge, execute, effect, complete, cornph• with and abide by this cov- roans, or any past hereof, said Mortgagee may place and pay for such insurance or arn• part thrrrof without waning nr affecting am• option, lien, equity or right under or by virtue of this mortgage. and the full amount !rf each and every such payrnenz shall be immediately due and payable and, shall bear interest from the date therof until p:ud at the rate i~f ten per centum pe•r annum and together with such interest shall be secured by the lien •.tf this mortgage. - ,