HomeMy WebLinkAbout1648 in the perform~ance or sbeervance or the conditione and
aovenante hereof, the esid pari~r ot the second part, her
heirs, tuccaeeora and aeeigne, may take an~y reaedy B~ t'nre-
cloeure or oth~er*ise by the setd aortgage conferred for the
reoovexy of the debt and interest to be aecured, or to enYorae
or realise the eecurity therefor, but it ahall be not encus-
bent on it eo to do.
In the event t2~e holder or owner of thie collateral
s8aignment placee it in the h ande oY an attorney ior
collection or en~orcement, whether partially or wholely,
t}un the party oY the firet part, ~te eucceeeors and aesigne,
agree to pay all coete ot collection including abetract,
title eearchee, court coeta, copy of depoeitiona or other
tranecripta of conrt proceedinge, and s reaeonable attorney'e
fee, in the event of a,ny default hereunder.
An,y notice herein provided to be given to the partie s
ot the firet part aball be dat ivered or mailed( certified or
regietered mail) to HARRI3 CON3TRIICTION CORPORATION, at
?21 Qnincy Avenue, Fat Pierce, Flor~.da, until and unlees
otherwise inatrncted.
Tbat in the event of the nonpayment oY the =15,000.00
promiseory note oa in the event the ~i rst mortgagee in.favor
of Firet Federal Savings and Loan Aseociation of Fort Pierce,
ceaee to become in good standing, ior a period of YiPteen
days nezt after the same become due, the party of the first
part hereby forfeits all right, title and intereet t it
might have to have said title of esid mortgages and/~~es
$ley eecnre revert in it; proviced, however, that written notice
of default hae been delivered to the party of the firat part
by registered mail to its addrees at ?2l Quincy Avenue, Fort
Pierce, Florida, advising eaid corporation of said defanlt
and f~rther advising eaid corporation that it hae ten days to
bring its accounts into good standing.
That it shall be the responeibility oY the party of the
Yiret part to aee to it that the Piret mortgages referred to
above in favor of the Firet Federal 3avings and ?~oan laeocia-
tiaai of Fort Pierce are all ~n good etanding at all tiaes.
That it sha11 be the responeibility of the party of the
~irst part herein to see to it that the tazes, fire and
windstorm ineurance are not in dePault and an endorsement
be given to the party of the eecond part to caver her invest-
ment in each mortgage.
That upon the payment of the said ;15,000.00 promiasory
note and intereet accord3ng to its ter.me together with all
chargee due there~under, thie aseignment Bhall be null and void
and the aforesaid securitiee ehall be re-aaeigned to the party
of the Yirst part. ;
P ,ILIP G. NOURSE
~"ORtiiY AT LAw
!±~-A NORTM tOURTN ' i
"_-5 P~ERCE. FIORiDA
33150 i: ~
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