HomeMy WebLinkAbout1983 i Stuart, Florida, 19~
For value received, I, 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 ANA TT/R~~U~S•T,C~OM-PwANY O(F/SyT~UART st its office in this city the principal
N~~MN~MN~~•N~~MM~~~~ '.1~' ~YI~ ¦ ~ 1 `NN~ANNN~..yi.~~~N~~~ '
sutra of ------__-.-....------`~~-//--..--11-~V-/----------•W--V'-------------- - - - - Dolla?s.
togetlta? with Mtterest from dab at tM rah of ~ per annum par annum on tM unpaid balann until paid, saW pincipal and interest ro ba payable w
follows: In tttonthty inatallm.nn of ~ iY"~~ ~ 6~~ ~ . _ 193.61 1 i„~t„dir~ in?.?„t. an t~,.
t ~ day of each month bpinning on tM 17
~ ~ 19-~ -
and oontintaing on ttta . . ~ ~ day of each and awry month tMruftar until 1M day of ~1
19 ~ , on which said data tM entire balance of pincipal and interest then unpaid shall become dw and payable- Each payment is to ba applied ~
fist f0 inNrest and tlta balann ro principal. In case said irtatallretants, aany of tMm, era not paid within 15 days after tM same bacoma duce, tM whole
of said pindp~l and ingrest sum atoll forthwith become duce and payabh at the option of rM holder of this note..,. ~ O Q
t
We, tM makers, tweties, endorsers and Quaranton of this no?e, hereby severally waive presentment for paymar<t, notice of non-payment, protest and '
noon of protest, and diligence of bringing suit painat any party tharato, and consent that time of payment may be extended without notice thereof to t
any of tM aunties of, this rata.
Now, should it ba nenssary ro collect this no» though an attorney, each of us, wMtMr maker, swats o. endorser on this rota, hereby prae to pay ~
•11 coats of said eollaction, including a reasonable attorney's fee.
Said bank is hereby e><pressly authaiaad to retain any general or spacial deposit, collateral. real or personal security, or the proceeds tMreof, baiong- i
in9 ro wither of t», now or hereafter in tM possession of it during tlta time this note remains unpaid, and before or after maturity hereof may apply the
sahi~/Mysp~y t r d t IiabilitM~~of ~t~o;said~b*~~ dFw
or-~~
~ ~w~6iwn
u~~ h~aBa
~~wof
e~ac~~y r
~•W a~ r~~~~~Q ~ r~ia~le~•/~aAi~s-ii1~i ' ~YCVa~C>ef~A+ Dl 4ilC
l1L i.GiY~i7 ~ ~aaaaa ~'¦~~i~7.><+• !Y S
P. O 8 ~Zl~n R. I0[1. Jr . (Seal)
R. E~?I+ Jr .
No .Due ~8~ M~s2~~ _ (Seal)
teen two
and shall duly, promptly and fully perform, dixharge, execute, effect, complete, comply with and abide by each and every
the stipeilatiotss, 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; ' "tnortgagoi ' 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. -
Md 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 aU and singular the taxes, assessments, levies, liabilities, obligations and encumbrances oLevery nature and
kind now on said dexribed property, and/or that hereafter may be imposed, suffered, pLlced, 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 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 trews 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
cenrum 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
policy, to deliver to said Mortgagee a renewal thereof, together with a receipt for the premium of such renewal; and there
shall bt 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 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 hereby or to permit said Moicga-
gor to receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity, Lein or
right under or by virtue of this mortgagr; and in the event said Itiortgagor shat! for any reason fail to krep the said premises
so insured, or fait to deliver promptly any of said policies of insurance co said Mortgagee, or fail promptly to pay fully any
premium therefor, or in any respect fail to perform, dixhargr, execute, effect, complete, comply with and abide by this cov-
enant, or any part hereof, said Mortgagoe 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 every such
paymrnt shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ern
per centum per annum and together with such interest shall be secured by thr lien of this mortgage.
c,~~K32~ FA~E198~