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HomeMy WebLinkAbout2440 fl. a:' f:lJ,' 00 Ht~337 To llAn: ANn TO HOLD Ihr ~1\f11(', 10Kt,thl'r .....ilh II.lIl\nll sin~ull\r Ihn t~nrmrnlg, lwrrdill\ml"nls 1\1\lll\l'lll1r- It'lIl1.lIct's 1111'rl'u1\lo 1)('lon~in~ or in any.....isl' l\ppl'rlainin~, I\nll Ihl' rt.vl'rsion IInd l'l'vl'rsions, n'lI\ailldt'r or n'- lI\ainlll'rs, lUll I IIlso 1I\11hl' I'SII\lI', righi, lillt" mll'rl\St, hnllll'sll'llll. ,I()\n'r IIl1d right \If dOl\'l'I'; ,;,.1111 I'll tI' ",;tl\ll', POsst'ssion, clllim 1\1111 dl'manJ wh/llsol'vl'r, as w{'\I in Ill..... I\S in 1'1{llity, of till' slIid ~Iol'tgllgor in llllll to till' sl\iut., Iind 1'\'t.I'\' 1'/11'1 tl1l'....of. with Ihl' t\pp\ll'll'nlllH'I'R of thl' !ll\id ~lorlgl\gor in and 10 Ihl' Sl\ml'. IlIId I'VI'I'Y I'Hl't !llId plul.l'llhl'....of unto Ihl' ~/lid ~lorlgl\gl'l' ill fl'l' simpll', TIlt' ~lortgl\gor hl.n'!>y cO\'l'n/lnts with tilt' ~lortgagl'l', th!ll hI' i~ indl'fl,t\sih\y sl'ilol'll o( sllid "\lid ,ill fl'l' simple or such olllt'r t'sla\(" if I\n..... I\S i" slllll"llll'rt'in; Ihl\l hI' hilS fulll'owl'l' /lnd It\wtul I'ighllo ('Olln'y tilt' Sllme as afon'snill; Ih/lt IIII' hllld is (rt'l' froll\ alll'lu'umhralu'I's eXI"'1'1 ~s Ill'rl'in otherwisl' n'cill.(I; tlll\l s/lid ~lol'lgllgor will makl' such furtllt'r as"..Ufllll('I'S 10 proVI' Ihl' a(orl'slIidlitll' 1\1 saidlallll ill "llid \Iorlgllgl'l' IL'l IIII\~' IH' r,'HSOII- Ilhly r('(luirl'd. lInd Ihat said ~lorlgl\gor dol''' Ill'rl"hy (ully Wl\rrllnt till' tilll' to s/lid 111I1t1. Hlld t'Hr,\' 11111'1 1IIt'n.of, /\lu\ wil ddl'nd till' sallll' againsl thl' lawful dl\ims of a\1 pl'rsOIlS whomsol'vl'r, PHO\'ID.;n ALW,\\'i:l thl\l if till' \lorlg/lgor slll\lI PI\Y unlo Ihl' \lorlgl\gl'l' thl\l I't'rl/lill prolllissor.\' 11fI11'. of .....hidl Ihl' following is a suhstalllillll.op...., 10 wit: $ 7, 300.00 Fort pierce April 8, Floridl\ . , 1963 FOH \',\L\'.; REcElv.;n. thl' undl'rsi~llcd promisl'(s) to pl\Y 10 Ihl" onll'r oj J. S. GLEASON JR. , /I." AI{minislrnlol' of \'l'tl'l'IIlI';' Afhirs, 1111 O/li"t'r of Ihl' l 'nitI'd Stl\ll';; of Anwril'l\. I\nd'hi;; SII("I'I'S.~ll'H in SUi'll oftirl". IL<\ Sll("h, IIl1d his or 111I'ir I\ssiglls, Ihl' princi}l1\1 Slllll of SEVEN THOUSAND THREE HUNDRED and no/100- - - - - -J)ollllrs ($ ], 300.00 ). wilh intl'rl'sl (rom dl\ll' al till' nllt. of five & one-fourth pl'l" ('I'IIIUIII (5t ~~I) pt'r III1I1UIII Oil Ihl' IIlIpl\id hall\l\(,1' until p/lid, TIH' said prilll'ipl\ll\lId illll'l'I'sl shl\lI h~ payahll' al thl' ofJi,'" of Ihr LOl\n (;U1I1'1I111 \' Offi!'('r. \'t'll'ralls Administralion Hl'gionl\l OmCl', in St. Petersburg Florida " , or 1\1 sudl olhl'r pla('1' liS thl' lIOIIIPI' may t1l'signall' in wrilin~ dl'li\"t'I'l'd or maill'd to 1\1t' dl'hlor, in IIIelllthly illSIIlIlIllI'lIts of Forty-three and 75/100 15_ - - - - - - - - - - - - _ Dollllrs ($ 43.75 ), l'OrnIIII'II('II1~ on thl' 8th Ilay o( May , l!lb3 , I\nd conlillllillg oil Ihl' 8th day o( I'ach month thl'f1'l\ftl'r until this notl' is fully pllid, I'x"l'pl Ihl\l, if 1101 sOOllt'r paid. thl' lil\/l1 pa)'nwnt of I'l'illl'ipl\land illll'n's! shall bl' 11ll\' anll paYllhlt, on thl' 8th dl\)' of April ,1988 . Pri\'ill'gl' is rl'sl'I'\'l'd to pl'l'pay I\t I\ny t imr, witholll prl'luillrn or fl'l'. till' I'lIlirl' indl'htl'lhwss or III1Y pf\rt thl'rt'of nol Irs.s Ihl\n Ihr I\moulIl o( 0111' instl\lhlll'lll. or onr hllndl'l'd dolll\rs ($ 100(0), whichl'\','r i" II'S" Any pn'pay"lt'nt madl' 011 othl'r Ihlln 1\11 installlll,'nl dllt. dl\tl' will not hI' ('I'I'dill'd ulltil thl' 1I('xl (ollo\\'ill~ iIlSIIIIIIIII'I{1 dllr datI', H I\ny ,It'fil'il'lIl'Y in llll' pl\~'lIwlIl of !lilY insll\lIl1\t'1I1 IIlIdl'r this 11011' is 1101 mildI' good prior t(l Illl' dill' dal,' of IIII' IIl'xl such illsll\lIl1wnt, Ihl' I'nlil'l' prilll"ipIII sum 1\1\(lal,("l"lIl'd illll'I'I'sl sludl III (111('1' bt"'olllt' .IIII' I\lId pl\Y- I\hll' withollt notil'(' I\t th(' oplion o( Ihl' 1101.11'1' of Ihis noh', Fllillll'l' to I'xl'l'I'ist. thi" O\llioll slltlllllot cOllslillltl' 1\ \\'H.ivl'r of II\(' right to I'xl'rcisl' tl\t' sall\t' ill Ihl' 1'\'1'111 o( allY slIhsl"/lH'lIt ddllult. III t It' 1'\'l'lIt of ddl\ult ill Iht. paYIIIl'nt o( this 1I01t', I\nd if Ihl" s/lml' is colll'ctl'll by an atlornl'~' 1\1 11\\\', IIII' IIlldrrsil-,'lwd Ill'rl'hy I\grl'P(s) 10 PI\Y all cosls of colll'l'lion, inchHling 1\ rl'ltsolll\hlt. I\ltoflll"Y's fl'l', This nolt' is gin'n for IHlrch/lsl' IIlOnl'Y of f1'al I'st/ll(' I\IHI is sl'l~urrd hy IIlOrlgl\gl' t(l SI'('III'I' dt.ht of 1'\'1'11 datI' hl'n'wilh, gi\"('n nnd .II' iVl'rl'd by Ihe undl'n;iglll'd 10 pl\~'1'1' 011 cl'rll\in 1'1'1\1 propl'rly dl'scl'lbl'd Ihl'rl'in. l'rrSl'lItmrnt, protl's!, and noticl' I\n' hl'rl'hy wai\'I'I!. /5/ WI~LrlV:i K., BC?YSON William K. Boyson ISI:' 1.1 Is!:, I.] [.-.q-:\L] ;SI:' L] And sh/lll duly, pl"omplly, IIllti flllly IlPrf(,rIII, disdlHrg", rXI'('ul,', ,.iTI'.,t, ('omp).'I!', tIIltl ,'oIllply with 1111<1 I\hid\' hy I'l\ch 1\11t1 I'\'('I"Y thl' slipullllioll", I\gn'I'I11I'IlI", cOlldiliollS, I\lld ('O,'I'lIl\lIts of Sliid /lrolllissol'\' lIot., IIlld of Ihis Jl\Ortgl\gl'. Ihl'lI Ihis llIorlgl\gl' I\lId Ihl' t'slllll' hl'rl'by cn'atl.d shl\lI CI'IlS\, 1\1ll1 hI'. nul alld \'oi,!. The \lorlgl\gor furtlll'r ('o\"rnanls /I..'i follows: \, Thai Ill' will pay thl' illdl'hll'(h\t's,,,, /l.S 1H'f1'inhdorl' provillrd, Pri\"ill"gr is rl'srr\"I'(llo prl"pl\Y I\t I\IIY liml', withoul prrrniuIll or f(.I'. tlH' I'ntin' indl'h;l'dlwss or I\ny pllrl Ih,'rl'of not It.s." Ihl\ll th,' I\IIIo11ll1 of 0111' ill"llllllIlt'nl, or onp hundrt,d dollllrs ($100,00), whichl'\"l'r is I I'S," , AllY pn'pa~'ml'nt ml\de on othrr Ihan 1\11 illsl/llllI!t'1l1 .IIII' dalt' will not hI' nrditrd unlil thl' IWXt following instld!.nrnt dul' dl\t('. 2, In ordl'r 11101'1' fully 10 protl'ct il\(. sl'l'uril~' ,)f this lIlortKl\gl'. the \lorIKl\gor, tOK,.thpi with, 11/,,1 ill I\ddi- lion II" thl' lIlolllhh' pa,\'IIll'lIts lIndl'r till' trrIlls of Ihl' 11011' s(,I'lIrl'd Ill'n.bv, on thl" instl\lImrnt dUt. dl\lt. dl\)' of I"wh lllonlh ulltd Iflf' sl\id nolI' is full)' pl\id, will PI\Y to Ihl' ~lorlgaKI'I' the following SllIllS: (tI) ,\ SUIIl 1'1!l11\1 to lIlt' grouIHII'I'nts, if /In,\', nl'xl dlll', plus till' prPlnillms thl\t. will nl'xl Iwcollw dill' Rnd paYl\bl1' on policil's of liil' alld olllt'r hl\loartl insllrl\lH'1' con'rillg Ihl' lIIort~lIgt.d propt'rly, pillS IlIx!'s I\lId RSS('SSIIlI'II Is n,'x I d III' on I hI' 1II0rlgl\gl.tI IlroIH'rt,\' (1\11 lIS ,',.;1 illll\l I'd hy t hI' ~lort gRgt'" II nd of which IIIP \Iorlgll~or is notitlptI) II's." all SUIIlS /I rl'lIdv paitllhl'rl'for di\'idl'tI hv tilt' 1\I11111lt'r of lIlonlhs 10 r1/1pSP hdorl' 0111' month prior to the dl\tp wltrn ~lIl'h ground rrnts, pl'I'lI1ll1mS, t,(:\t'S, IIlld 11"0<"';"-;- ml'nls will l,,'('olllp d(')iIHlul'nt, slIch SIlins 10 hl' hrlrl hy ~forlv.I\g'1'1' in IfIlsl 10 pl\)' sllid grolln.! renls, pn'lIIiulIls, Il\xps, and spl'rial /I.....Sl's,sllll'nts. (hl Th(, 1I~~rl'~atp of lilt' aIllounls paYllblt' pursul\nl to subpl\l'II~rl\ph (II) and Ihose 111I)'/11",' 011 Iht. I\ot€ sl'clll'l'd hNeb,\'. shall he paid in a singh' ;>I\YlIll'nl ('ach mOlllh, to hI' appli(.tI 10 thl" following ill'lIls in 111I' onlt'r stlltrd: (I) ground rpnt~J taxeR. f\...~\{('~~'n(lnts, firr, find othpr hnZHrd iU8Urt1.Jlf'(' pft'Iniulll~; (I I) intl.ft'st on till' nolI' sl'('lIn',1 lwrl'hy; and (l II) amortizl\tion o( thl" prinl'ipal of sl\itl nol(', AllY dl'firil"nry in tllP amount of such aggrrgatp monthly pa)'Tllrnt flha!l, unll"ss mlldt. good b,\' Ih.. \lorlgll~or prior to tlIP tllIl' datp of tlH' IlPxl ;;urh paYlIlrnl, I'onslitlll(' all I'Yl'nt of drflllllt IIndl'r Ihis 1Il0r(~/lgt', AI \lorlgaJ.{l'r's oplion, ~lortgagor will pl\)' a "'Iatr ('harp" not I'x<'rf'ding folll' prr ('t'nllllll (4%) of I\n~, ill"lall- lIIenl wl\('n pllid more than lift"I'1I (I.';) da)'s Rftl'r till' du{' dl\te tllPreof 19 eO\'I'r I lit' I'xll'll t'xpenst~ ill\'olvl'd in hl\l\dling d..linqul'nl pS)'IIlrllls. bUI surh "18.tl' t'hl\fge" H~ltdl not be IH\.YI\.hle out of Ihl' procl'f'ds of any "all' IIlnde to satisfy tlH' indd>tl'dll('s''' sl"Cllred hl'reby, unlrs;; IllIch proc('eds are suflicil'lIt to discharge th!' t'lItil'!' indebledness and all proper C08t...'l and t'xpellseg g,eeureo hereby. :1. If th.. 10tl\I of Ihr pa\'ml"llts IIlIHI(' hy tIll' ~1orlgflgor lindeI' (II) o( pllfUKrllph :2 pft",,'dillg shllll , xc"t'd Illp alllounl o( paYlllrnts actually lIl/ull' hy tlw ~Iortgfigl'l'. for ground n'lIls, III:\I'S alld /lSSt'SSl\ll'l\tS, IIl1d ill<;urallcl' prl"milllIls, I\S t\lC ellsI' IIltlY })('. such cx,cr.....'s shRII he cr('ditt'd 011 sllhsl'qlll'nt paYIII('llts to hI' l!1I\.dl' b~' t ht' ~lol't- gagor (or su("h 11I'IllS or, at Mortgll.g~1' s optlOlI. shall be refulldt!!l tD ~for(K!\g()r. If, how(.Vt'r, s\lt'h lIlo1l1 h!v ptl)'mplJls shallllot. be sufllrit'lIt 10 pay such ill'jJls whell Ihl' stimr shall hrf'ornr due alld pa,ntl"l', t\"'1I II{., , ;