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Home My WebLink About2546 • - - ~ ~~i~.m Stuart, Florida, 19 ~ For valve raaived, I, ws, or either of use jointly and sev::_!ly promisee to pay in lawful money of the United Stater of America to fire order of FIRST NATIONAL FlANK~AND TRUST COMPANY OF STUART at it: office in this city the principal -------------~~M~i '~I~MD wt'D N~/10~-' Dollars strum of - -----------------__...---------1--t----------------_._-----_ ~ toaethar with Ytterest from dab at tlta rah of u per anhrm par annwn on tlta unpaid balance until paid. said principal end interep b ba payable M folbws: In monthly Natdks»rtM of --~--~il~w t>i 161.34r_...- Interest, en tt+a 3 dw of .«h 7month bpinninp on 1h. . - 3 e.y of ~_____.--I~.__----- . t9_~ and oontlrwln0 on tlra _-.....-3-._-.-_ _ day of each and eVMy rnn;.:.a? thereafNr ttntp 1M -day of 19--~-.. on which ward dNe tlta astir. b•lanca of prlndpal and interest tMn unpaid atoll became dw and payable. Each payment u to be appll.d first to Mterest and tM balance to principal. In case acid lrtatalhr+ar?b, aany of them, an not paid within is days af?er tlr arse beoonte dun, the vrltola of said prlndpal and iMereat sum shall forthwith become dw and payabM at tlr option of tM holder of this rota. We, tM makers, sureties, endoraan and 9varanton of rhea note, hereby severely waive prestntmenr fa payment, notice of nonpayment, protest and notice of proast, and dilipente of bri^ai^0 suit aaaimt arty party thereb, and constnt that tuna of paym.nt may be •:rendad without notice thereof to any of tin sureties of this crate. Now, ahouW N be necessary to oolkta this rwN through an anorney, each of ua, vrMthw maker, suety or endorser on this rota. hereby agree to pay alt coals of acid oollaaion, inchidlrq • nawnable atwrney'~ fee. SNd bank M hereby a><prealy autltoriasd to retain any general or spacial depwit, collateral. real a personal aecwihr, a tM proc.eds thereof, bNonQ~ imp b either of ua, now or hereafNr in cite possession of it dwinp the tuna this noN remains w?paid. and before a afrar maturity hereof- may apply tM same to this a arty other debt a liabilities of either of us to said bank, dw a to become dw. Given under tM Mnd and weal of each pa ~ IS A HAtIl~~ ~ A'4D ~ FIl~IAL PAYI~ ~ 1~E A1Wk~A8 ~ ~Y 780.00 10(~'!i~lt Tlll'18 /IOC~D II~e IIr ANY. AID AIZa 7!E 1~B C! 1~II8 t~'itri8. P. O ~s/ Stillal~ F. Mvra?rs (Seal) 3TII11~ F. No Due (SeaU ?.r. two ~a~ 4+ap and shall duly, Promptly and fully perform. discharge. execute, effect, complete, comply with and abide by each and every the stipulations, agsecments, 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 severally, if more than one. and shall be masculine. feminine and/or neuter, wherever the context so implies or admits. Md said Mortgagor for hicnseU and his heirs, legal representatives, successors and assigns. hereby covenants and agrees co and with said Mortgagee, his legal represeaudves, successors and assigns: 1. To pay aU 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. I 2. To pay all and singular the tsxes, assessments, levies, liabilities, obligations and encumbrances of every nature and kind Hour 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 evctry, when due and payable according to law, before they become delinquent, and before any interest atuches or any penalty is incurred: and in so fir ss 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 ucisfiction paper officially endorsed or certi[ied) 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 may at any time pay the. same or any part therof without wraiving or affect- ing any option, li-n, equity or right under or by virtue of this mortgage; and the full amount of each and every such pay- I mast 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 insur- e 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 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 I loss under uid policies, each and every, payable to said Mortgagee as his interest may appear, and each and every such policy I shall be promptly delivered to and held by said Mortgagee; and, not less than ten days in advance of the expiration of each policy, co 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 uid 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 Aiortga- 'F got co receive and use it or any part thereof for other purposes without thereby waiving or impairing any equity, Lein or 1 right under or bx 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 uid policies of insurance to said Mortgagee, or fail promptly to pay fully any 1 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 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 payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per crntum per annum and together with such interest shall be secured by the lien of this mortgage. - a~;K328 Pa~E2545