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HomeMy WebLinkAbout0370 • f 14,500.00 Stuart, Florida • 19 ~ ~ i For valve reoaived, 1, we, or aitlter of us ~otntly snd severally promise to pay in lawful money of the United States of ~ America ro lira order of FIRST NATIONAL 6ANK A~N/.D--TRUST COMPANY OF STUA-~R./T~¦ at its office in this city the principal ,.~i~i ~ AI~ID? •~Y//~l~~lrMr~NrM 1 ----------------pollees sum of tegatltar wNh Mtnrest horn data a tM raN of ~ par oantum par annum on the unpaid balance until paid. said principal and intareet b be payabM M =lam .{~j~..~arlr..-sod- 94/1QQ.... ~233.~ _..l kKhtdfrq interest, on the folksws: In rr+orrtfth? k,etalbrwrb of - ++++++y - 80 on tM .day of .r_.-~__..---........__._ det? of .adt nanth bpinninp ~ - , 11_~-_.._ and oontiewMp an the - day of aad+ and awry month theraafh? until tM ~ -day of 19...85.. on wt+kh acid date tf+. aMin balano. d prlncipl and intataat tMn unpaid sh.lt became dw and payable. Each payment n to be applied 1 fist b Interest and ttta Mlana to principal. In ass said instalknants, or any of tl+am, era not paid within lS days afNr tM same beoonr due. tfte wtwle i of acid principal and Muarest sum shall forthwith bacorna due and payabN at tM aptia+ of the holder of this noN. t We, the makees. sureties, endorsers and 9wranton of this note, hereby severally waive presNNrrMnt fa payment. notice oA non•paymar?t, prMast and notice of prober, and dilipenq of brlnpinp wit apeinat any party thanb, and consent tMt Lima of payment may bt extendtd withow ratio thereof a s any of the wnties d this mote. t Now. should K be necessary to colktq thin raN through an attorney. each of w. wMthar maker. aunty or endasar on thin note. hereby agree to Pal? ail oaab of acid eolktction, Mtchrdlrra a nawnabM ~o?nKs fee. Sob bank r hanby ettpreaty autlaritad to stain any par?eral ar special deposit oollataral, real or personal sKVrity, or tM procesds thereof, baiaq- inp q eitMr of ua, now er hereafar in tM pesaaasion of h dwirq tM tinN this note remains unpaid. and before or afar rr+afurity Mreof may apply tM same to thin ar any other debt or (iabilkias of eMlrr of us to said bank, dw a to beooma dw- Given under the hand and seal of ead+ party. ~IIS YS A BAI~~1 ~ ~ Il ~ ~ ~l'3 ~ ~ 831.00 1 ~ ~8 Qt ~II.S 1 s/ Dai`ald L. Pauley (Seep P. O DQNAta L. PALLY ~ Due /s/ Patricia A. Paulfry (Seep . PA~RICIA A. PAiIILY w.r loo - 9tw'~ar ' sad :hall duly, promptly and fully perform, dixharge, execute, effect, complete, comply with and abide by each and every I the sdpttlatioas, agreements, conditions and covctunts of said promissory pole and of this mortgage. then this mortgage sad j the estate hereby crtated shall cease and be null and void - It is understood that tack of the words, "note: ' "mortgagor 'sad "mortgagee ' respectively and the pronouns referring f thereto, whether in the singular or plural anywhere in this mortgage shall be singular if one only and dull be plural jointly and xverally, if more than one, and shall be masculine, feminine and/or neuter, wherever the context so implies or admits. ~ Md said Mortgagor for himxlf and his heirs, legal reprexnutives, successor and assigns, hereby covenants and agrees to and with said biorcgagee, his legal representatives, successors and assignx 1. To pay all and singular the principal and interest and the various and sundry sums of money payable b}• virtue of said promissory note, and this mortgage, each and every, promptly on the days respectivel}• the same xverally become due. f 2 To pay all and singular the taxes, assessments, levies, liabilities, obligations and incumbrances of every nature and kind now on uid dexribed property, and/or that hereafter may bt imposed, suffered, placed, levied or assessed thereupon, i and/or that hereafter may be levied or assesxd 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 incurrtd and in so far as any thereof is of record the same shall be promptly satisfied and ducharged of record and the or- igirul official document (such as, for insunce, the tax receipt or the satisfaction paper officially endorsed or certified) shall 4 be placed- in tht hands of said Mortgagee within ten days next after payment and in the event that ar.y thereof is not so paid satisfied and discharged, said Iltorcgagee may at any time pay the same or any part therof without waiving or affect- i 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 dace 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. P 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 compant or companies as i troy be approved by said Mortgagee: and all such insurance policies on any of said buildings, env interest therein or part ~ rhereo[: in the aggregate sum aforesaid or in excess thereof, shall contain the usual standard mortgagee clause making the loss under said policies, each and even, pa}•able to uid Mortgagee as his interest ma}• appear, and each and even, such police shall be promptlt delivered to and held bt said \Sortgagee: and, not less than ern da}•s in advance of the expiration of each ~I policy, to deliver to said Rortgagee a renew•a) 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 polic}• or policies said Mortgagee shall have the option co receive and apply the same on account of the indebtedness secured hereby or ro permit said \lortga- got to receive and use it or ant part thereof for other purposes without therebt waiving pr impairing ant rquitt, Lein or right under or by virtue of this mortgage, and in the event said 1llortgagor shall for ant reason lei) to keep the said premises so insured, or fail to dcliyer promptlt an}• of said policies of insurance to said \tortgager, or tail promptl}• to pa}• full}• an}• premium therefor, or rn any respect fail to perform, discharge, txecutr. effect, complete, comply with and abide b}• this cov- enant, or ant part hereof, uid Mortgagee mat place and peg for such insurance or am• part thereof without w-aiyinG or affecting ant option. hen, equit}• or right under or b}• vutue of this mortgage, and the full amount of each and even, such garment shall hr immed+ate{t due and getable and dull bear interest from the date thrrrui until paid at the rate of ten per «ntum per annum and together with such interest shall be secured bt the lien of this mortgage. i e~c~ e~ : 9(IQK JJl) PAGE 3~ ' i ~ .