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HomeMy WebLinkAbout2034 r ~ •~~a~.~ Stuart, Florida, 7r~ 1 19 ~ , for veit» regtved, 1, we, or either of us jointly and severally promise to pay in lawful money of 1M United StatN of Amtr?ica to t!a order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its officti in thitr city tFt~ principal ~YT of ---.wnrwwa.ww..r~wwa.sw-.•.r..~~.-' Oollar~ topatlrar witA Irttaraal from deN N tAa •eN of ~ per carthnw par annum on rlta unpe.d ~b/d~ys/n?~u~~vnNl mid. Ned plnclp~) and 1nprNt to be p~yebl0 • tolkawa In monMly IM/allmanla Ot ~•w~~~~ ~ ~'ii/y~~~w ~m~a~) Includkra MttarMl, M tlto ~ ro1? et aadt monM baglnninp on tiro ~ y ~ day et ~ ~ _ H G and contYwYtO on the ~ l ~ ~ d.y o1 each and every monM tAaroahar until tM ~ ~ day et r E~~~ / _ , 11 ~ , on whicA aa~d dare the annra balance of principal and interest then. unpaid shall become des and payable. t~aA payment :r ?o ba applied Lrtt ro intarett and tM balance to p,ncipal. In uta uid irratallmenra, a any of tlrarn, era not paid wnh.n IS days after tM aama become des, tM whole o/ awl/ pindpN am InlarMt sum shall fotthwlM baoonro due and payable at dra option d tlra harder of tAb meta. Wa, tM makara, awNNa, endoraera and yuaranton o/ thN nee, Mreby aaverally wa.va Waaantmanr to payment, notice of non-paynrant, preNtt and rrotico o} pmaat, and dd,pance of brlnpinp auH pa{nat any party tMtoro, and consent tAN uma of payment may ba e,tended w,rhout net:u tMraof to any of tl+a awatiaa e! thN note. ~ ~ n f/ Aloes, ahouW it bo rwoafary ro collect tAia noN tMoupA an attwrray, oath of w, wAatMr maker, auraty or andwMr oA ihia rgto, Iwoby aprN to pay all neap of aaW tolloctgn, Inclvdlnp a ?aaaonabla Ntorrray'a tea. Said bank N ha>raby •=paaly wthorind to plain any pananl p spacial deposit, cotlaprd, red or per{Ona~ ucurry, or tlra procatda tharaot, bolonq- itty ro wither of ua. crony or hanatta. in tM poaaauior? of it dwinp the t;rtta rhea Wort ramaina unpaid, and betora or wirer maturity Mreot may apply ttra septa ro the or any other daM or liaebti~lrit~iN,ot wither oof-ryw ro said bank, des or ro become due. Given under the Mnd and weal ofraa~acA party. ~ iV ~~iiiRaie~~ ~ ~ ~ ~ ~i~~ ~iL P. O furl{ ~ McF~ai1~-- Cs.eq QQZPF Mc.1~At~e No. Due _ ~ B~Le;t I+Sc?Fsasil (Seep no BirV~! McF/d.A. and shall dttly, 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 uveraliy, if mote 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 represenutives, 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 uid 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, asseuments, levies, liabilities, obligations and encumbrances of every nature and kind now on said described property, and/or that hereafter may be imposed, suffered, pbced, levied or assessed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebtedneu 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 ume shall be promptly utisfied and discharged of record and the or- iginal official document (such as, for inscancc, cite tax receipt or the satisfaction paper officially endorsed or certified) shall be placed in the hands of uid Mortgagee within ten drys next after payment and in the event that arty thereof is not so paid, ut;sfied and discharged, uid 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 anti! paid at the rate of ten pet ceneum 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 sand 1liortgagee; 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 aid Mortgagee as his interest may appear, and each and every such policy shalt be promptly delivered to and held by said i1lortgagee; and, not less than ten days in advancr of the expiration of each policy, to deliver to uid 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 uid buildings,. and interest therein or pan thereof, unless in the form and with the loss payable u aforeuid; and in the event any sum of money becomes payable under such policy or policies said I?iortgaRte shall have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said Elfortga- 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 uid Mortgagor shall for any reason fait to keep the uid premises so insured, or fail to deliver promptly any of uid policies of insurance to said Mortgagee, or fai! promptly to pat fully any premium therefor, or in any respect fai) to perform, discharge, execute, effect, complete, comply with and abide by this cov- enant, or any part hereof, uid 11lortgagee 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 even such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per ceneum per annum and together with such interest shall be secured by the lien of this mortRaRe. fait ~ BCOit ~ PAGE~.,~