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HomeMy WebLinkAbout0767 i ! ~s000-~ Stuart, Florida ~~Q ~ H ~ ~ , 19 ~ ~ t For valve reoelved, 1, vw. or either of us iotntly and severally promise to pay in lawful money of the United States of Ameriu ro tM order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART et its office in this city the principal __-Dollars sum of -~-~.._-------_-_-------•--~1~+QY~i~_ togotlw with MMerest haw dab at flte tab of u pM tenlww pM anrtuw+ on tM unpaid balance until paid, aid principal and M,tereit b tr payable • follows: Iw t»orNhly Ivestalkeattts d . - - cs<...-•~ ------1 ~~w kNereat, ow th. ~ ..ll s --.._~_7.-TM dsy o/ each wtonth bepin+ina on the - /.1--~ dey of ~ . lf~±._ and oorttMtttY~ eve tM -----t~.-~ .day of each and .very month thareafbr until tM _ ~ 1-.~ day of 19.-.~ . aw whkh said dab tlr ewtin balartre of prlndpal and interest than unpaid sl+all baconw dw and paysble. Each payment h b be applid i first b btereq and the bdanaa b prindpal. In use said krtsll,rtents, or any of tlrn~, an not t»W within is days aftw the serer beoonr dw, the vrltole d said prktclpal artd Ntereet strm shall forthMritlt become dw and- payable at the option d fir hohfar of this note. i Wo, tM makan, atrretiee, endorsers and ~uarantan of tlrs nob, hereby avaally waive pea„tmant fa payment, nofioe of nortpaymant, protest and nolia of protest, and dilipenq eR brlnpirq wit sOeYrt any party tltereb, and courant that rims of payment n+ay be •:tendad withow notice thereof b any of tlr sureties of thM wets. C . ~ P ~ Now, ahouw k be rra.sary b ootkta this nob through an attattey, each of us, whether m.t.., aunty a endo.wr on this nos, hereby egress b pey i s all Deere of sold eolktaion, IncludMq • reasonable tltarry's fee. ~ i Said bank is hereby eapressly eutltorisad b rNain any general or special deposit, coltataral, nil a persaul security, a 11r proceeds thereof, bekxq- ing b eitl+er of us. now or hereaher in the possession of N dwirq the tint this note remains unpaid, and befae w after maturity hereof may apply the sra~me b this a any~otsherQd~esbt~po~rwltsabrilwN~Me of erN~Ae.~of~us~*b/syaid-bQank, d~us fad b~beoon+s rdue~. Given under tM Mnd a~ndpve~al of eadr party. i~~. ~sw~i~Q~. .7V~/~Itra iv ~1i~fa~IW Ab tiV~iWV ~ a,iili ' ~ ~~i _ r isM~ - i P. o - /s/ Paul Gads fSeal) ~ Due /s/ Valsri~t Gad? (Seaq f4we lao Vs~~ ~tr•• *w . and shall dulq, promptly and fullq perform, discharge, execute, effect, complete, comply with and abide by each and eveq the sdpuhtions, agreements, conditions and covenants of said promissory note and of this mortgage, then this mortgage and the seats 6erebq created shall cease and be null and void i It is understood that each of the words, "note;' "mortgagor' and "mortgagee' respectively and the pronoutss referring i 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. - i And said Mortgagor for himself and his heirs, legal representatives, successors and assigns, hereby covenants and agrees to and with said Mortgagee, his legal represenutives, successor and assigns: 1. To paq 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. t 2. To paq all and singular the tares, assessments, ltvies, liabilities, obligations and incumbrances 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 maq be levied or assessed upon this mortgage and/or the indebtedness secured, hereby each and every, when due and payable according to law, before theq become delinquent, and before any interest attaches or any penalty is incurred: and in so fir 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 pagment; and in the event that auy thereof is not so paid satisfied and discharged. said Mortgagee may at any time pay the same or anq part therof without waiving or affect- ing anq option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and every such pay- morel shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per contour per annum and together with such interest shall be secured by the lien of this mortgage. ~ z 3. To place and continuously keep on the buildings now or hereafter situate on said land fire and windstorm insur- ante 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 anq 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 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 'he event any sum of money becomes payable under such policy or policies said Iiiortgagee shall have the option to receive and apply the same on account of the indebtedness secured hereby or to permit said 111ortga- 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 mortgage; and in the event said Mortgagor shall for any reason fail to keep the said premises so insured, or fail to deliver promptly any of said policies of insurance to said tortgagee, 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 thin cov- enant, or any part hereof, said Mortgagee 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 Faid at the rate of ten per contour per annum and together with such interest shall be secured by the lien of this mortgage. g~328 F~~ `787 _