HomeMy WebLinkAbout1532 ~I'O~'1t~~.~ ~~W%i~'S, titut if sat~t~ .hlort~a~vr shull pa~ «~utu thc~ .~ut:~~ ~11orf~~t oc~e~
the ce.rtair~ Nranii~svri~ nUt~~, aj'rciric~li the~ j'ullurrirr~s iie ivurc~~ rrri~l ji`~~,'r~re~ i,~ ~r trtrc~ cu~y,
ta tai~:
~ '
: l, 5Q~ pp Fort Pi~rce, Florida, s~. 14 ,19~i~
Fvr value reaived tAe underaigned promisea to pay to the order oi T n~I~v.I~E -
g~ SCHr~SDT hi~s wi f e
the principal sum o/ ~e '~'1QUSan~i Fiv~ ~ndtPd anR na~100---»--~ouars ~.SIlSL-~Z~---).
together with interest thereon from date, ot tlit rate of~X_ -per cent, per ~r~num until maturitY, said interest
6eine P~Yabte YE~r1y __on the 13th aar o~ Ju~ne x~x
tuch year; 6oth principal and interest being payablt in law~uL mo?ee~y of the Unitrd Statea or its equavaLent, at
~ their residence satd principa! sum to 6e payable on the dates and in the amotsnts
~pec:fi-d betow, to•u,it:
:
Th~ sum of ~ro Xuncired ($200.00) Dollars, ~1us interest, on
= o thc.~ 13tn w::y af Jurae, 19~6, and th~ sum of 24~o Hundred ($"00.0~)
Do].lar$, plus intezeet, on each and every June 13 there~fter
~ o until the entire ~atinaip~il sum ;~e ~aid in full.
0
$2.2~ State Documentary Stamps
affixed to oririncll and cancelled.
Each mwkcr ~nd endo»er ~everslly w~lves dem~nd, protest •nd aotfce of maturitp, non-ptymmt or proteat snd all requiremente ttettasrrY
to ~old e~ch c~t th.m llable u maken and eadanert. ag ~~~n?ble •ttorney'e fee ln caie
Lraeh m~lcer ~ad endoner turther a~rces. 1o1nWy ~nd sevanUy, to pay ~11 coat~ ot collectian, includi
the yrlnclpsl of thla note or anf piyment oa the prfaclp~l or sny tnterest thereon Ss not D~td ~t Lhe respective maturl6p thueof, or tn csae it
becomee neceesnry to pro:,ect the security hereof, whether eult be brou~ht or not. 51:.
TTils nou snd ~eterred lnte~~~~Gs abr11 bear lnterest ~t the nu of per eent, ~er annum from maturtty unttl pald.
~ poit ~~.ur~ py ~ mortgsge of tven 3ate herewtth and fs to be eonatrued ond enforced according te the lav:s of the
~ State ot Florld~: upon defsult in 'he pwymPnt ef qrincipnl and or lntertat due on •ny note ~ecured by ssld Mortgsge, all notes ao secured and
remaining unpsid ehsll forthwtth become due snd payable notwlihstanding thelr teaor.
~ ~ . _ ISeal) ,
y ~ i, J
:~i ne~re~~sie M. 0' Lau~hlin ~sr.,>
- - - ~.~.L . ,
. ~
and ~hall ~erfo»n, conrpl~ u~ith and abicte hJ e~cyi a~t~l et~er~ the stipulations,
~ ~t~reements, conditiorr.s and covenctnts of s~id pronzi~sory note and of tteis deed, then
this deed c~nd ttr~e estute he~•ebJ created siuxll cease und ~ie rcull and i~oid.
1-~ri(~ the sc~id ~~Iort~a~or h,ereby cor;enants and a~rees:
I .1. To pay all a~7c1 sin.~ular t.he ~ri-ncipal nn~l int~r~st artrl ~~thrr scrni,s uf rrt-orrey
~ ~~c~~able brJ z~irtuF nf said pro~ni.s.s~rr~ rrnfc~ u~td tiais ~le~d, or f~ith~?r, ~~r~~r~r~,tlr~ n~t tfte
cl~at~s res~ect.iz~ely t,h.e sa~~rtc~ severally cor~t.e di~e. ~
~ ~ ' ' s > . e ~i~~~.5 liahilitiE~s ul~li~ut.i~c~ris
„ 7c~ p~r~ ull crncl .sr~a~iclur the tcr.rc~s, a.sse,ss»t,a.~~t5, 1 i , , _
~r~i~l erzcre~rzbrattees uf c~ver~ ~t,at~~-rt ~jn. suid ~lesc~ribed prc~pc=rt~ c~a~•h ancl ever~~, crrtcl
if the sam~e be not promptly paid the sQid .~tort~sa~ee may at anr~ time pay the same
wi~h,~ut icaiUin.~ or a~ec.tin~ the option to foreclose or any f~i~ht hereunder, an.d ez~e~y
pa~me~at so made sjaall bear interest from the date th~reof at the rate af six
per cc:rat. per annccrrL.
I~ To pay all and sin~sular the cn,5t.4, c1i-ar~F~~ an:~/ c~xpr~~rse~, i~rrli«lin~ lat~~~er's
fees, reasonably incacrred or paid at c~ny ti.rn:e by said. ~rort~a~ee becartse of the failure.
i~ arz. the >>r.crt of the said ~~Iort~a~or to perform, compl~ u~ith. a~tc~ ~rliicle b~ e~zch arzd
~ er.+er~ tize stif~tclaiions, a~sreenaer~ts, conditioras and coi~er~auts ~f~ saicl J~r~missor~~ riote
~ and tiris cl.e~cl, or ei-ther, arad every sz~ch• ;ua~ment shalZ bear interest fr~rrz clccte at the
I,j ratt~ of szx pFr ~~ent. per anri,u,r~i.
i';
li To kr~r~p thc? littilc~i~a~s n~~te~ nr l~c~TCUfter ~~ir ~~rrtcl Icnt!1 i~r.sr~rerf i~i a.~r~nr ne~t
( lr;,ss t.jz.~i~i highest insurabl~ val.ue
b~a~s, in~ a conap¢ri.i~ or rmrt,pan~i~s to
, be a.pproz~ed br~ sa,id, ~3~Iort~agee, c~nd ~jae polic~ or pol,icies h.~el,d ~nd pai~able, to sai~l
j ~hfort~~c~ee, ari~ci in th,e ezlen.t any src.m• of rnonQy t~ecomes pa.yable un.d~e,r sicch policy or
~ polict2s, tir.e ~lfort~a.~~e shall haue th.e option t,o receiue and appl.y tJ'ze sarrze ora~ accorcnt
of' tl~ i-ndebtedness hereby se.curec~ or t~ permit, th.e ~'~Tortga~or to recez:ve anc~ ac:se it, or
I a.n.s ~art tlrereof; fr~r otlzer purposes, u~i-thotat thereht~ waivi.n~ or irrz pairi-n~ an~ equity
lien or ri,ht Z~Ilt~P,)• or hJ virtue of this mort~u.~e, 2nd naay pl,cr-ce c~n,d pr. y for szc-ch.
I in.suranc.c? or an~ ~~art the,reof, wath~ut u~c~iZing or afj'ectz.n~ the option to fc~reclose or
~ cans rz~ht hereunder, and eoch and every such ~zyment slucll bea~ in~erest from date
~ cat- th~e ritte of s ix ~er cent. per annum.
i ~ r. r~r~
~~i~ 1~~ cJc~ll