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HomeMy WebLinkAbout1462 ~rpUt~1P~ MIIUMI~~, that if said .htortgdgar shall pay icnto the said .h~ortga~ee the certain prontissory note, of which the follorving in words c~~ad ~gtcres is a trcce copy, to wit: . - - - - ~ ~ INSTALLIVIENT NOTE ~ ~ 1 700.00 ' $ ~ Fort Pierce. Florida, , 19 ~ For value received we. jointly and severally, as principal promise to pay without defalcation to the order o f~D ~?n~cs wna no~s N. ~•,~cs. ni - at ~OSZ ~r~~niwod Daciw. lrost li~sa~, 1~losida • a the sum of : DOLLARS. with interest from date at the rate of % per annum, in monthly installments payable as follows, to- wit:~ i~n~~~ DOLLARS. on the l~t day of ~ ~ 19 ~ and ~ ~ DOLLARS, on the_~~~ day of each succeeding month there- after until the whole sum named is fully paid. Each installment firat s6all be applied in payment of the i~terest and then on the uepaid balance of the princip~l sum. If default .s roade in the payment of any installment w4en due, Wen. at the option of the payee all the remaining installmeats shall become due and payable at once. Privilege is givea to pay two or more instaAmeats at sny time. Should it become aecessary to coUect ttus note through an attorney, either of us~ whether maker. surety or indorser on this note, 6ereby agrees to pay all costs oi collection. including a roasonable attorney's fee. T6e makers. surities and iodorsers hereof severaUy waive preseatment, protest and notice of protest for non-payment of Lhis note and agree that the time of its maturity may be extended before or after maturity aad do further severally agree to any re- newal t6ereof before or after maturity, without notice of them. Z'~ State documentary ~s/ Laqrence L. Terry ~gEAL) stamps attached to original /s/ Frances N. Terry (gEAL) n~te and cancelled) (SEAL) (SEAL) and shall perjoim., complJ rvith- and abide bJ e~ch and ez.~enJ tlae stipulations, - ' a~reements, conditions and covenants of said pronaissory note and of this deed, tlien ~ this deed and the estate herebJ created shall cease and be null and void. ~ i I ,t~t~ the said J~fort~sa~or hereby coveruLnts and acgrees: i ~ .1. To pay all ancl sin~ular t.h.e princapal nn~l in.t~rest a»d othc~r sums oj mvneJ ' payable by vi.rtue ~j saiJ pro~nissnrJ »otc~ a~1d tlris ~lec~l, or ei.tlaer, pram.ptlJ on tlee ~ days respectively tlae sa~rae seve.rallJ conte dice. ~ i ~ , Q. To paJ all and si.~i6ular the taxc~s, assessm,ents, lei•ies, li~hilitics, ublidutian.s g and encumbrances of ez~erJ nature on. saicl ~lescribed propertJ eac•li a~ul everJ, ancl ~ if th,e sante be not promptly pdid the said .,~fort~ac~ee md~ dt any time pay the scc~rce 9 without waivi~ag or af~ectin~s the opti,on to foreclose or ctn J ri~ht laereund~r, and every ~ payment so mcule shall bear interest front the date thereof Qt the rate of ~ven per cent. per annum. s ~ ~'o pay all and sin~ular the cost.s, ch.ar6Pe: an~l ca.pe~ises. i~~clrulin~ law~er's ~ fees, reasona,bly~incurred or pacid at czny ti~ne by said .ilTort~a~ee becaicse of the faiture on the pa,rt of the said .hfort~agor to perform., cornplJ zc~th. a~rrl abir.le by eacli a~ad ~ everrJ the stipulctitions, a~'reements, co~aditio~as and covena~ats of~ sai.d promissory note ~ cind .thi,s cleed, or either, and every stcch payment shalt bear interest from dctte at the ~ rate of ~Ven per cent. per annum. _ ~ f To keep th.e buikiins n.oiv nr hereafter on said Icnid insr~red i~r a sum not : less t~~a full insurable value - fire a~t~d extended covera e z Dollars, in a compaiai~ o~ compa~cies to ~ be approved by said .1~iort~agee, and the palicy or polici,es held b~ and pc~yable to said ;5 ~ JKortgc~gee, and in the event any srcm of ~nonPJ becomes ~~ayable under such policy or x polieies, the ~~fortgagee shcall haie the option to reeeive and ap~vl~ th.e same on account ~ of the indebtedness hereln,/ secured or to permit the .hfortga~or to receive and use it, or ~ ~ cLny part thereof, for other puiPoses, u•ithout thereby wacivin~ or im pcciring an.y eqteity ~ tien or right under or by virtue of this mortga~e, and may place and pay for such ~ insuranee or dny pcert thereof, witltout waiving or acf~ecting the option to foreclose or ; ~ any ri~ht hereunder, and each and every sueh payment shall bear interest from date ~ ctt the rate of Seven per cent. per Q~anum. ~ ~ 3 ~\_A ~ ~ ~ l~Y1/ Beo~ : _ _ _ .---______._T__..____. _ . . ~ _ ~'x: ~v' ~a ~ ~,~w ~ s r_', - ~ z ~ ,,,yF_. ~ 3 W'~.~,.. .~..V,_ ~ . . _ . .