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HomeMy WebLinkAbout1964 ii ~ i ~rDUt~P~1 FIlIUM1J,~, tjiu,t if said .hfort~'a¢~r shull pay~ tcnto the said JEfort~'a~~ee ~he eertacin pronaissary nvte, of which tlce folloraiii~ in. worc~s and ~igrcres is a true ea~vy, i to wit.• ~ ~ 3 ~ 000.00 _ ~Ort Piarca, Fbrida, ~v~~r 3 , lg~ ~ For volue rtceived the widertigned pramWea eo par ta tl~e order a/ MTRt1Y Jffirgggy ~ ~ P~,~,~ ,u~ o~ THREE TIIOUS,~IND and no 10 ~--~--r- n~,,, 000. 00 to6cther with inlere.tt tltereon ~rom date, at the rase o/ a~ ~6~ -*~r cent, per ~n~ until maturitr, said intirest bten6 Porabl~ aririually on tJ~e lst ~ar o~ I~Y~er ~fX each year; both principal and int~reat bein~ payabk en law/ul money oj the United Statea or its equivalent, at ~ St . L11Cj.e COLtllty Ba2ils ~aid principal awn to be payabk on the dates and in the amou!~ts ~pc~i/i.ad 6elotv, W-wit: : The sum of One Thou~and ($1,000.00) Dollars on thw let day of blov~mber, =0 1966, plus interest. ` The awa of One Thou~and ($1~000.00y Dcllara on the let day of lSTo~vembar, ~0 1967, glue intex~est ott th~ unpaid balance. The sum of One Thoueand ($1,000.00) Dollar~ on the lat day of Biovember, 1968, p].a~ inter~et on the unpaid balance. Thie note may be pre-paid at any time with+out penalty, Ssch m~ker and eadoner ~e~enllr wsiva demand, piotat wd nottp of maturlt~, non-p~yment or protest and all reautrements aecwar~ to hold ach of them lt~ble ~s m~kers ~nd eadonas. Each m~ker anC endor~eP further )o1nU~ and ~evsnll~, to pay W cast~ of collsetlosi, includiar • re~wnable attorney's fee tn ca~s the princlpal ot tAfa uote or aa~ pa~ment oa the pr9nc1p~1 oe ~a~ lnteras! tAereon noL pa1 ~L the re~peetlve msturlty thereof, or !n case tt t~ecomee necewry ta pmtect the ~ecuriRy Aereof, whether suic W brou~ht a n~~ !g ~ 'Phtn note and deferred lnter aLs sh~il Dear tnterest ~t the r~te oi ~ per cent, per ~nnum irom maturity until pafd. This note b secured by a mortgage of even date here~Ath and 4 to be cunsiruea and enforced acCOrding Lo Lhe laws o1 the Stau of F7orids; upon default !n the psymeat ot prlnetpal and/or tnterest due on ~ny note ~ecured b~ p1d Mort,~age, all notee eo secund ~nd remalntng unpald ahall fortAa?!th become due and D~Y~ble not~ithst~a4tnr tLeir teuor. '~'~A ~ ( 3ea11 • (Be~a1) LUCY Jl~i~]'B ROC3~RS and shall ~erfa~m, conrplJ u+ith ancl abide b~ e~zch and euen~ ttte stipulations, a~reements, conditions and covenacnts of said promissory note and of this deed, then this deed acnd the estate hereb~ createc~ shall ceacse a.nd be raull acnc~ r~oid. ,c~t1l~ the sc~id ~~Iort~'u~or hereby eovenants c~nd a~rees: .1. To pay all an~l sin-gular the princinal an~ in.t~revt an.d nthF~r sums of rr2ortey pa~able bJ r,~irtue ~f said promiss~~rr~ note and this ~lf;Pd, or eitJtf~r, pr~»>iptl~ orr the da~s respectivel~ the sa~rte severallJ conze dree. 2. To par~ c~dl airc~ si~r~z~l~~r tlae tax~s, ossess~nF~nts, ler~if~s, liahilitie.~, ~,bliorztions a~ad encumbra~~ces of er~crJ ri~at,ure o~a sai~d cl~scrihed pror~Prt~ ea~~h a~~ad euery, anci if the same be raot prom.ptly paid the scLid JL1ort~a~see mar~ at any time pc~y the sam-e without wcciUin~ or afj~'e,ctin~s the option to foreclose or zn~ ri~'ht hereunder, and every pa,yment so ma,de shull bear interest from the date thereof czt th-e rate of six (6) per cent. per ctnnum. ~3. ~'o pay all and sin~ular the costs, ~haT~f~c: an~l experrses, ir~clu,clin~ law~er's fees, rea,son2bly incu.~°red or pc~id at any time by said .~Ylort~'a~ee because of the facilure on the pc~rt of th,e said .Jt~lort~sa~or to perfor~m, compl~ u~ith, arrd abide b~ each a~ad evertJ th~ stipulations, c~~sreenaents, condi-tions and covenants of~ said pronzissory note and tlLis deed, or either, a-nd every such payment sjtall bear i,nterest from date at ~he ra~te of six (6) per cent. per ann.um. _ ~ ~i. Ta keep th.e bu.i,ldi.n6 nnia or here!rfter orr sai.d larrcl insr~red in a sum not less Lhara _ _________________.._...~~_.._..________s__vollars, in a compan~ or com~~inies to be approzed b~ sc~id ~~Iort~a~ee, c~nd ~he policy or polici,es held bz~ and payuble to said .~lort~a,~ee, and ira the event any sum of m,onoy becornes pacyable unc~er such palic~ or nolieies, tjie rYfort~~cgee sluall hat~e the ~ption to reeeive c~nd ccpply the same on. cu;eount of the indebtedness h,ereby secured or to permit the .1t~ort~sa~or to receiue and use it, or any part tyiereof, for other purposes, without thereby waivin~s or impairin~ any eqacity lien or ri~ht under or by virtue of this mort~a~se, and macy pla,ce ctn,d pay for such insure~nce ar cany pc~rt thereof, without waivin~ or af~'ect,in~' th.e option to foreclose or any ri~sht hereund,er, and each and euery such pccym,ent sJuzll bear interest from date ut th,e rute of per cent. per ctnnum. BOGK ~~V