HomeMy WebLinkAbout0003 ~rDl~~ ~lU~1J~, that if aacid Jlfort~a~or shcLll paj/ unto the said .hfort~ac~ee
tha certuin prnrnisaory note, of whzch tha folloun~a~ in :uorc~ and ~~ures is a true copb,
to wit:
= 20~OOQ_~O^ Fort pierco, Ftorid~ _ ~a 9 ,1955.. (
,
` Fa? vel~t naived tbt wida~i~n~i p?aaiia to pop to ~e ords~ o/ H_ 1~II.BVB J~RDA~i and H8Lffi a,
~~111~. hii wil~ •
u
dl~ princtpal aun o/ ~174l~1~Y '1~ORIB~ID and m(10 noAas, (i ~.000- 00 1.
togthsr visk in~srat t~rton /ran d~es, ~t the rnts o/ •w~l (7 otnt. ptr~~.,~nt~! matwitr. soid interut
~6 Ph'~b~~ ~nnuallv ,~n r~~ 1.et a~, %~i~at. 1967 ,~d~ at 1
~~~P~ ~6 P+ysbJs ia bw/al nwner o/ d1s Unitsd S~atei or ita sq~ivalsn~, ot
~ ~01 1?lotci~da Avenue. !t. Pi~c.s. !la• p~p~,wn eo bs poyable on t1+s datu a~d in tlle omouati
tpiCi/i~d bdow. to~wit:
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7,Mo Thaueand (~2.000.00~ Dollais , plu~ intwceat, on the lot d~y ot
Atigu~t, 1967 , and the eum of ~,ro Thousand ~~2, 0 iO.Od j Dollare each
11uyu~t 1 thereatter, togethQr with int~reet on the unpaid balanae,
~g until the entire principal sum be paid in full.
Z` ~ic~p~nt of thi~ note -fnay bo mad~ only on the follawing condition~ s
Ten Thoueand ~$10,000.00) Dollara alt~r oue (l~ ysar fraa date, and
all ar a~qy part after tl~r~ ~3~ y~ars from dat~. .
~oh m~t~r ~aA a?do~ ~1b ~M dma4 pot~t ~aA aotlo~ ot mawrtb. non-q~raMat ar prof~st wd W+qulnm~nts a~owatf
LO b014 MCII 0~ tL~ 11~DU Y~k~li ~Od ~R~NN.
~ ~Cti lO~t~f LOQ ~OdiOlN! I4tthK ~~M. ~014 ~Dd M~117. t0p~ ~11 OO~f~ 0~ OdUEy00. 10d~d1nt ~ tM~00tW~ ~tW[OfJ'~ tN 1n C~M
th~ psledp~t ot Ws aot~ ce m pym~ot Oa f~ O;~or ~n7 tnbeMt i~r~on U aot D~~ ~t tD~ n~p~etft~ m~pultf LA~[~. o[ fa eaM lt
b~eDa~~ n~e~we~ t0 p~ONet ~ Mcu~fb bM~O[ s11
t b~ bronibt oe not
Thls nop ~nd d~a~+~d fn d~!1 War 1nt~r~K aL t~ ~t~ al 8 D~ ~~.y~ ~nnum te~am maturi untll p~ld.
'1~f. oa. r..e~u•a es mo~ta~s. o~ ...n aaa n.n.~ta .aa f~ ~o a eoo.t~,s.a .nd `.nro~o.a .ooormns w s~. L... a ~n.
6qL. a noe~a.• upon ea,ws ~a tbs v.~t at ~Ancl~ ~sb.t~~ad~las
~ t
oai iC1id Ds ..id x«s:.s.. .u nof~. w..curea a~
nmalnla~ uny~ld W~11 tartLwlth b~oom~ dw ~od y~
~8Fa~121~ (ea11
ce.ai~ ~
•
and shall perjo~m, comply with and abide by each and every the gtipulations,
ct~reements, conditiong and covenccnts of Said prnrrcissory note and of this deeal, then
~hi~s deed and t)te estate hereby creczted shalt cease and be nult and void.
,~n~ the sc~id Jlsortga~or hereb~ covenants and agrees: ~
'f .1. To pa~ all and sinjular the princi~pal~and intere8t and other sums oj m,onet~
4 payable by virtue oj saul p~orrtiasorJ note and t.his deed, or eith6r, ptomptly on the
~ daya reapectively the same severolly come due.
•To pay all and singular the taxes, assessments,.levies, liahilities, nbligations
and encumbrances oj every nature on said described property each aru.l eaery, and E
if the 8am,e be no~ pro~nptly pacid t,he sai,id .~ort~cc~ee may at dny tim,e pacy the 8acm,e
without zvaiuin$ or affecting the option to foreclo8e or any right hereunder, arad every
pacy~nent ao rna.de Slu~tl bear interest from the da,te th,ereof a,t the rccte of eight ~
per cent. per c~nnu~n.
?'o pab uii arid ain~ular the costs, chargPx.' a~ul expenses, includin~ lawyer's
fee8, rea~soncLbl~ incrcrred or paid at mny time b~ sa,id .1Kort~a~ee because of ~he faiture
on the part of th,e said JKortga~or to perfornL, correply with dnd abide by each c~nd
every the atipulations, ccgreement~s, eonditions and covendnts of said promi,ssory note
and thi~s deed, or either, ccnal every such pa.y»zent 8hall beQr interest from date at the
rnte of ~ eight per cent. per dnnum.
To keep the building now or hereaJter on said lan~l insrcred in a sum not
tess than highest insurable value
~ ' ~ooe, in a company or companies to j
~ be apprnved by aaid Mort~agee, ctnd Ehe policb or policiea held by and payable to said
~ .hfortgac~ee, and in the event an~ sum of m,on~y becomes pciyable under such pol.icy or
policies, the .Mortgm$ee shatl have the option to receive and cippty the sam,e on account
of the indebtednes8 hereby Secured or to pernzit the JK'ortgd~or to receive and use it, or
ccny part thereof, for other purposes, without tltereby waivin~¢ or impairin$ any equity
lien or ri$ht under or by rrirtue of this ~nortga~e, dnd ma~ place and pay for such
insurccnee or any part thereof, without wacivin~ or affeetin~ the opti,on to foreclose or
a,ny ri~ht hereunder, and each and every such pa,~ment ahall bemr intereat frnm date ~
o,t the na,te of eight per eent. per anr~urrz.
sooK 148 : 2
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