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Home My WebLink About0056 s ~ _ ~ Stuart. Florida, 19 ~ For value received, 1, 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_-'_'_'__''"' ~~~ATtD ArD ~ """"'-Dollars together with interest from date at the rate of centum per annum on tfta unpaid balance until paid, said principal and interest to bt payable as follows: I>ncbeo~es~ Aperil la 190 3n the ~etrt of $267.12, follotrsd hq ~~i~as o~$~i43.10 b~tdng Me~y la 19®0. ~llioltl~d by 4 In case said installmcnri, or any of them, aro not paid within IS days after the same become due, the whole of said principal end interest wm shall forthwith become due and payable at the option of the hokfer of this note. i We, the makers, sureties, endorsee and guaranron of this note, hereby severally waive presemment for payment, ratite of non-payment, protest and notice of protest, and diligence of bringing suit against any poly thereto, end consent that time of payment may be extended without notice thereof to any of the sureties of this note. Now, should ft be necessary ro oollea this note through an attorney, each of us, whether maker, surety or endorser on this note, hereby agree to pay ail costs of said w!lection, including a reasonable attorney's fee. Said bank is hereby expressly authorized to retain any general or special deposit, collateral, real or personal security, a the proceeds thereof, bebrsg- ing to either of us, now or hereafter in the posseuan of it during the time this note remains unpaid, and beforo or after maturity hereof may apply tM / sarn~s•to tThis~or an~yo?th'er/yde~bt or liabilities of either osf ups topsai~d ~b*ank, d~s~orpto~be/co~mes~due. ~Gi~v*enT/u~rnd~er txhe~hantd and seal of each party. ~.LyWee~~4~~7 ~MMi> r~s MJ~~~ p~~[/~!t`~~r J.iliY CiI~Y~ PAlii~L\i~pLR •i'i~i i~~*ITLiAJ}~~1/~iL~/~~\,,~~1 ~~~~p r~~ - .71J L[T~.Wa iv~7~'.1rs~R ~ a~A aKi ~ a ~ LY~a, !Y~ nlia ~WelL~4~i"a7i tittL~~ Di i[76 ' P. O. ~ 116 Qf' '11IIS Mlt'rCtK~. /s/ Joseph P. Passar<~ante Seal) . P. PASSAIdAN1E No Due /s/ Canollle Passm~ante (Seal) Ca1rIIIIF PASSANANIE form 100 Rev, 3/71 r I a TOYTYrasrua Y P 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 esate 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 to and with said Mortgagee, his legal representatives, successors and assigns: 1. To pay all and singular the principa) 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 incunsbrances 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 chat hereafter may be levied or assessed upon this mortgage and/or the indebtedness secured. hereby each and every, when due and p:yable according to law, before they become delinquent, and before any interest atuches 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 ahd 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 han4ls of said Mortgagee within ten days next after payment; and in the event that eery thereof is not so paid, satisfied and discharged said Mortgagee may at any time psy *_4te came 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 continuoush keep un the buildings now or hereafter situate nn 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 ma} 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 polin• ' shall br promptly delivered to and held by said Mortgagee: and, not less than ten days in adv:snce 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 be 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 1lfortRagce shalt have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said Mortga- gor co receive and use it or am• part thereof for other purposes without thereby waiving or impairing any equin•, Lein or right under or by virtue of this mortgage; and in the event said Mortgagor shall for any reason fail to keep the said premises set insured, or fail to deliver promptly any of said policies of insurance to said I1lortgagee, or fail promptly to pay fully any premium therefor, or in any respect fail to perform, discharge, execute, effect, complete. comply with and abide by this cov- enant, or any part hereof, said mortgagee may place and pay for such insurance or am• part thereof without aaivinfi or affecting am• option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and esrn• such payment shalt br immediately due and payable and shah bear interest from the date thereof until paid at the rate of ten pc•r centum per annum and together with such interest shall be secured by the lien of this mortgage. - 8328 PEE 56 . _ _