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HomeMy WebLinkAbout0796 ~rith s r~aaising b~laao• du• of ~504.00 as of th~ 20th da~ o! S~pt~ab~r, l~ D. 1965• '4. B. Th~?t th~ parti+rs o! th~ lir~t prrt h~rab~ traa~rfer aad depo~it xith thi part~ o~ tne s~o~nd part, ~an l~signseat oi A~ort- sag• o~ s~~n dste herei~rith, iros ~ S. X~tlxti to A/?~I3 C0~- 3T$IIOTIOI~ OOBP081SZO~I, r~assi6ning ths abo~~ =ention~d sotso aad . aort6ag~s bacr to the BJR.8I3 CAHSSYIIC?I0~ 008POElTIO~. 0. x~aa~L la the e~sat oi th~ nonpa~a~nt ot ths =6,000.00 proa alssory nots, or in ths ~r~nt th~ tirst zortataes in ia~or of the 1'IBST l~EDEB~L S?YIYG3 dc LOIY J3300IJTI0]T Ol~ l~'ORT PI880~, ceare to becoae in good stunding, tor a psriod o! iiYtssn ds~s aezt si'ter ths au• b~cosa dus, the parties ~i the firat part authorize sn~l h~rebT iastrnat the esid $saroW !?geat to deli~~r the abo~e dsscribed instrua~teata to th~ s~id B~i=8 3. w1xIYG; P80YIDSD H01~iSYER, t2iat ~ritt~n aotics oi dstanlt he~s been dsli~rer~d to IBYIlT FRIIYK, JB., as Ssor~v lgeat, ~rhereupon the said Bacrox Lgeat ¦h~ll gise notice by regiat~red asil ~o th• ~LYBIS CO]~3TBtJ'C?ZOX OOBPOBL'~IO]f, at 721 Quinc' l~eaua, Fort Pi.res, Florids, advising ssid corporstioa oi ths receipt o! the notice ot ths dei4ult and i~trth~sr advi~ing ~aid corporation that at the ezpiratioa o~ thirt~ ~lay~ xhioh ssid deiault occurred, th6 Bscror~ lgeat ahall d~linsr to ~B S. i~J~BIBG, the collateral h~ld in esorox nnl~e~ sa~islaator, e~idence hae been ttir-~ ni~h~d to the Bacro~r Jgent in rifiting that $aid ~6,000.00 note is no longsr in dnfsult. D. T~aat it shall t~e ~he responaib111t' oi the HIRIIIS COH- STEIICTIOB CORPOB~TIO~ to satiaf~ the Bscrow lgent reterred to herein, thst the Yirst aartgagse re=srred to abo~e ia iavor ot the FIRST ~BD~81L S?YI~G3 L~D LOJ1~ ~3SOCIlTIO~ 4! F~OBT PIE80~ ~re sll in good et?anding at ~11 tia~es, YRO'VZDIl~G H0~9E~t, t?aat the said oallat~ral ~ ahsll not be dsliver~d to aaid St~t+lBB 3. W,BI~G, tor a period of thirtT da~e and nezt ~?ltsr the ~st~ult on an~ ot ths said ~1rst 'ortgagee; thus giving the SiRRI3 COYSTBIIOTIOB C0~0815'L~iY thlrtT ~3ay~ in ~hi~h to bring all 04 the de~aulted lirat aortg4ges lato good atanding. - 3 - Bao~128 ~g7 ~ - - - _