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HomeMy WebLinkAbout2225 ~~,Rx 28 PAr~ 94 ~T. I I~CIC C~hKTY. FLA, land is f=ee and clear of ail encumbrances except a lease from Kicliter Oil Co. , Inc. to Phillips Petroleum Compagy as recorded in Official Record Book 1Z, at page 158 and the herein above described mortgage from Kicliter Oil Co. , Inc. , to Seventh Transportation Stations, Inc. PAOVIDKD ALWAYS, that if said mortgagor shall pay unto said Seventh Transportation Stations, Inc. , its successors and assigns, the certain X75, 000.00 promissory note from Kicliter Oil Co. , Inc. , to Saventh Transportation Stations, Inc. , bearing date of September 11, 1961 and particularly described in mortgagc securing same recorded in O[ficial Records Z8, page Z58, and each Bad every payment due thereon, promptly when due, and shall perform, comply with and abide by each and every the agreements, stip~ilations, conditions and covenants of said mortgage to Seventh Transportation Stations, Inc. , and the pro- missory note secured thereby, and of this mortgage, then this mort- gage and the estate hereby created, shalt cease, determine and be Holt and void. IF ANY SUY of money in said mortgage to Set-enth Tranaporta- tion Stations, Inc. and the promissory note secured thereby be not promptly paid when due and it Kicliter Oil Cow Inc. by reason of its primary responsibility a• maker of the said promissory note to Se~t-th Transportation Stations, Inc. , ~ required to psy such sums, the sums so paid by mortgagee shall :_ :immediately thereafter, and without further notice to mortgagor, became acid be dne and payaly~e, an3rthing in said promissory note, the mortgage to 8sventh Transportation Stations, Inc. , sad this mortgage ~ the contrary notwithetaading. Fsil~tre by the mort- gages to eauarcise air of the rights or optLons hersin provided shall not coustitata a waiver of aqq ri~et~t or opti~e noder iti~:cote or this tnort- gale aocraad or tl~sreafter warai~tt,