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.
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