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Home My WebLink About2760 - • e ~ ]e ~ ~ 500.00 Stuart, Flortde,. ~ t 9~ For valve reoetved, i, ws, or either of us jointly and severally promise to pay in lawful money of the United Ststes of f America to the order of FIRST NATtONAI BANK AND TRUST COMPANY OF STUART at its office in this city the principal ; 71 XjV$ HIED Ai~ID PA/1A0---------------- Dottars sum af I topHMr wMh ktlareat flan date at cites raN of ~ per oantaam prat aneaaam on tM w+p.id balance until paid, acid principal and interest to bra payable N folktw•: In n+entt+lt? krtallerterats of ~-i>Ai~+ ++s+++H ~*l ~ (S-~•~-- - -..1 IndudNp M+grsr, on fl» ] of 19_ ..--U_~-----._ day d eadt month bplnaieq on tM deY day of Loch and .wry month thereefNr until tM ...ll~- day of wed aontMtaMe on tM 19...85! . on withh veld data 1M emirs balaeaee of plncipal and intareat tMn unMid shall become due and Myable. lath payment is to be aapplied lint t0 interest and lice balenq 1o principal. In taN uid IrtatallenNth, a «ty of then, an na Mid within 15 day. afar tM saeeaa btaeoem dw, tM vrftole of said prirtcipel and fnteresf aura staall forthwith becon+e dw and payable at tM option of tIN lgWer of this not.. Wes, tfae rnaketa. saaretiaa, endonen and guarantors of this not.. heeeby severally waive presentment (a paym.nt, notice of non-payenant, proton and notip of protest, and dilipertce of b?inpinp suit epaYrt any party thenro, and consent that time of payrn.nt may be extended without notip tMraof a any of cite sureties of 1h4 note.' sltouW it ~ raaoassary to oolktet this mote throupA an attorney, oath of an, wMthar makes. swery a endorser on this note, hereby spree to Pay all ooab of sold oolleuion, InclvdMe • rwonable atb?^.Y's fee. Sold bank M hereby etrp<es.b evtl+orlaed to rMain any peeteral a upecial depwit, exllaNral, real a personal security, a the proceeds therwf, belorap- inp Neither of tea, now w Mreefter in the ponassion of it dwirq tM tuna this no» remains unpaid, and before a afar matwiry M?eof may apphr the carne to this a any otMr debt a liabilities of ehher of us a said bank, dw a to became dw• Given under tlr Ned and seat of each parry. ~ i ~~S IS A BA1I~ I~Cit~ ~ ~ PII~iL PA~TP OR ~ BAII~1 ~ t~Q1 P~ 831.00 ~~3Et WTiH Ilse ~ ~ AtL AT~IANG~FNlS MAffi SY 14E T~8 1~S ~S t+Qt1C'taA~. 1s/ Donald L. Pav1eY (Seal) # P, O DQ~AID L, PAIIIEY ~ Due /s/ Patricia A. Paisley (Seal) • f~ lao P~ A. PAtIIJ.Y i i i ~rIP~ 9M~ - ~ i e and shall duly, promptly and fully perform, discharge, execute, effect, complete, comply with and abide by each and errcry the stipulations„ asseements, conditions and covenants of said promissory note and of this mortgage, then this mortgage and rite estate hereby cceated shall cease and be null and void ; It is understood that each of the words, "mote," "mortgagor' and "mortgagee" respectively and the pronoutu referring a 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, fernininc and/or neuter, wherever the context so implies or admits. And said Mortgagor for himself and his heirs, legal cepcesentatives, successors and assigns, hereby covenants and agrees to and with said Atortgagee, his legal representatives, successors and assigns: 'i 1. To pay 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. F 2. To pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of every nature and s kind now on said described property, and/or that hereafter may be imposed suffered, placed, levied or assessed thereupon, andlor that hereafter may be levied or assessed upon this mortgage and/or the indebtedness secured, hereby each and even, 5 when due and payable according to la-w, 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 same shall be promptly satisfied and discharged of record and the or- iginal official document (such as, for instance, the ux receipt or the satisfaction paper officially endorsed or certified) shall s be placed in the hands of said Atortgagee within ten days next after payment; and in chr event that at.y thereof is not so 1 paid, satisfied and discharged, said Atortgagee 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 dace thereof until paid ac the rate of ten per centum per annum and together with such interest shall be secured by the lien of this morcgage- 1 ? 3. To place and continuously keep on chr buildings now or hereafter situate on said land fire and windstorm insur- ance in the usual standard policy [orm, in a sum not less than the highest insurable value, in such company or companies as ~ mtay be approved by said Atortgagee; 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 mortgaf;re clause making the loss undec said policies, each and even, payable to said Mortgagee as his interes[ mat• appear, and each and even such policy 5 shall br promptly delivered co and held by said Atortgagee; and, not'less than ten days rn advance of chr expiration of each policy, to deliver to said Atortgagee a renewal thereof, together with a receipt for chr premium of such renewal; and there ~ shall be no such insurance placed nn any of said buildings, and interest therein or part thereof. unless in the form and with 4 • the-loss payable as aforesaid: and in the event any sum of money becomes payable under such policy or policies said AlortFager shall have the option to receive and apply the sartte on account of the indebtedness secured hereby or to permit said Afortga- got to receive and use it or ant• part thereof for other purposes without thereby waiving or impairing any rquiq•, lain or E right under or by virtue of this mortR~gr: and in the event said R1ortFrgor shale for env reason tail to keep chr said premises ` so insured, or fail to deliver prompth• any of said policies of insurance to said Mortgagee, car fail promptly to .pat• fulh• am• E premium therefor, or to any respect fail to perform, discharge, execute, effect, complete. comply with anti abide by this cov- enant. or any part hereof- said Atortgagee may place and pay for such insunncr or arty part thereof without waiving or affecnng am• optiern. tarn, egwn or right under or by vutue of this mortgage, and the tole amount of each and evert such payment shall br immediately due and patablr and shall hear interest from the date thcrrof until paid at the rate of ten per centum per annum and toRethrr with such interest shall br secured by the lien of this mortgage. j ~~ct~~~ - . IlR B0~'iKt~JV ?1GE~~~ 9(1aK~ PdGE 3~