HomeMy WebLinkAbout1926 3. The Husband further agrees to pay to the Wife as alimony,
until she remarries, the sum of Twc Hundred Fifty Dollars (~250.00)
per month, payable in semi-monthly ii~stallments on or bei'ore the lOth
and 25th day of each and every month after the date hereof.
4. Marilynn and said ch~ldren shall have the righ~~to con-
tinue occupying said Parcel 1 until June 1, 1968, and she hereby agrees
to pay to Ray the sum of Two Hundred Dollars (~200.00~ per month there-
for payable semi-monthly on the lOth and 25th day of each and every
month hereaf ter through May 31, 1968; One Hundred Fifty Dollars ($150.00~
of which shall be paid out of the ~aid child support payments and
Fifty Dollars ($50.00~ of which shall be pai~ out of Marilynn's
alimony payment. .
5. Ray and Marilynn agree that simultaneously with the
entry of a Final Judgment of Divorce in the hereinapove-mentioned -
suit, Marilynn shall convey to Ray al.l oi' ;~izrilynn' ~ ~ ight, titie
and :.nterest in and to said Parcels 1 and 2(sub~ect only to the
right of ' herself and said c':Lldren and continue occupying said
Parcel 1 until June 1, 1968, paying.therefor the sum of Two Hundred
Dollars ~($200.00~ per month~, and that Ray shall make, execute. and
deliver to Marilynn his nego~iable promissory note in the amount of .
Ninety Thousand Dollars ($90,000.00~ with interest at the rate of
i four per cent ~4~~ per annum on the unpaid balances of the principal.
~ Said principal shall be payable on or before ten (10}~years after tne
date thereof. Said promissory note shall be secured by purchase
money mortgage which shall be a first mortgage as to Parcel No. I
and a third mortgage ~sub~ect to first mortgage held by Federal Land
Bank of Columbia, and a second mortgage held by the Citizens National ~
Bank of West Hollywood} as to Parcel No. 2. Said mortga~e shall '
cor.tain a clause whereby so long as it and the promissory note secured
,
thereby are not in default, the owner of said Parcel 1 sY:ali be er.-
~itled to a release of the lien encumbering said Parcel l by :,~:e
payment of the sum of Forty Thousand Dollars (~40,000.04) ~o~~sr::~
the principal of the indebtedness secured by said promi~sory r.o~~,
ar.d the owner of Parcel 2 shall be entitled to a release o£ ;,he ~ier:
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[LLIi. Yr[NCER ANO YUTLER. ATTORNiYi AT LAW. MOlL1/WOOD. FLOAIDA ~~Q~
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