The URL can be used to link to this page

Home My WebLink About1178 • • , . - - ' ~ • ! l~a~ i.~f00~-~. Dee. ~ lfq l~tlla~btli P1Y . • lrt w t~ lf. O.. R 0.. 0~..1fa. ' THE FEDERAL LAND BANi( OF COLUMBIA AMOR?IZATiON NOTE =.l,~~s.~e~ I.wn Na...~...~~eQ.:z~,~.................. Vero...Beach saa oE...........~!~4~?~~aA.............................,..................... (rlaoe.len wM e=ec,~te~ - ..................................a~,~...~~.,....~96a For value reoeived. the uade~sigaed promises to pay to the .;rder of Tt~e Federal Lnd Banlc oE Colwnbia. ib wooessors u~d assiSas (6ereinafter called the land bonlc~ the prindpal sum of One Hundred Fif ty-Six Ttausand - do1L,s (i 156, 000.00 ) in ~ ~ 1~tenty (20) «~wi s~ieoe~~e - .no~al insc.wneats oE . , , Sevea Thousand Bight Hundred - dollara (i 7,800.00 ) ach, wd a ftnal iastallment of • dollars • ~ the first installment . being payabk on Au~ust 1 , le 69 , together with interest at SeVe=t ~77.~ per centum per annum (hereu~after referred to u the k,an rate). from the date het~eoE on the pad saia amount rea~ainiag from t6ne co cime unpaid. che firsc tncerest installmeAt being payable on August 1 , 19 68, and tLereafter : interest being ~uyabk ~ annually. Ead~ installment of principal and interest shall bear interat from date due nntil paid at the rate af eight per centum (8%) per aauum. The undersigned and every endorser. guarantor. assumer, and surety of this note hereby e:pressly waive pre- sentment, demand. protest a~ notiee of d'uhonor. and consent to all renewals, indulgences, extensionc, reamortizaNons. , deferments, and rekases of personal liability ar~d of security permitted by the owner or holder hereof. and agree. if this ~wte is rnliected by an attomey through suit or otherwise aker default, to pay all costs of rnllection and such reasonable atto~ey s fee as may be permitted by 1aw. All amounts due the land bank hereunder are payabk at its office at Columbia, S. C., in lawdul money of the Uuited States. Every c}~ecic, draft, or other form of remittance sent to the land bank will be accepted onljr for col- ' lection. at the risk of the drawer or sender. and upon the following cvnditioas: That the land bank may forward it for collection and remittance, either directly to the baolc upon which it is drawn, or through any banking channels. in ib wle disc~etion; that all banks and agencies to or through which it is sent for collection or remittance shall be deemed the agents of the dnwer or sender, that the land bank shall not be deemed to have collected the check, dr~ft or other form of remittance until payment is actually received by the land bank in lawful money, or in wlvent credit satisfactory to the land bank; that the land bank shall not be liable for any loss re~lting fran the acceptanoe of the checlc, draft or other form of remittance, or imm effoKs to collect it, or from the failure of aay colkcting bank or agency to remit for it. o~ f~vm deby in i presenting it or in remitiing for it. ~ 77~e unde~siqned may at any time make advance payments on principal in any amount. Such payp~ents shall not. e:cept by written agreement, operate to rednce the amount or change the maturiry of unpaid inttallments, e=cept to dis- ~ charge the loan at an earlier date. i ~ 'fhe undersiqned will ase the proceeds of thc loan for which this note is given for the purpose stated in the applicatioo ~ for the loan as approved by the land bank. This note is secured by a mortQage (or Ioan deed or deed of tru.~t) qiven by the undersigned to the land bank or i tnutee thereEor. The undeniRnecl will pay immediately upon demand all attorney's fees, costs and expenses incurred by the ~ land bank in protecting and defenclinR the tiQe to the property described in the instrutnent sen~ring this note, and in ~ protcrting any or all of said property and the land bank's or trustee s right, tide and interest therein from loss or injury. a~ in fuing or coUecting, or attempting to fis or collect, damages for loss or in~ury to s~id property. but the land bank shall be under no duty to take any such action or incur any such e~ense. If there is any error or omiuion !n this note or the instn~ment securinR it, the undersignecl will promptly, upon request of the land bank, e:en~te a new note and a fitst mortgage ~ (or loan deed or deed of trust) to correct such error or omission and will prwnpdy pay upon demand of the land bank aU attorney's fees, costs a~ ettpenses incurred in connection therewith. If the undenigned fails to pay, upon demand of the 1ar~d bank, all attomey's fees, costs and expenses incvmed by the land bank for any of the purpo.ses stated in this paragraph, the land bank may advance thc same, and al) amounts so adva~x~ecl shall be immediately due and payable by the undersigned ~ to the land bank, with interest themon from the date advanced at the rate of eight per centum (8`Jb) per annum. ~ The uixlenigned waives and renounces, for hinuelE and his family, all homestead and exemption rights albwed by . the Constitution and laws of ~ny state ar~d of the United States, as agair.st the indebteclness eviclenced hereby nnd all ~ advances that may hereafter be mack hereunder and under the instrument .ecvring this note. This waiver shall operate on all property oE the undersi~ied now ownecl arxl hereafter aoqnired. In case oi bankruptcy, thc utxiersigned agrees to claim the ~ full e:emption or homestead allowed under any bankruptcy or homestead exemption act, anci cioes hereby assign to the land ~ ~ bank ~o much of such exemption or homestead as wil) pay in full the indebtedneu evidenced hereby and all advances that ~ may hcrcaFter be made hereunder ancl under the instruu?ent securing this note; and the undeni~ned hereby directs the trustee ~ in bankruptcy to deliver to the land bank a sufficient ama~nt of property so exempted to pay the full amount of said indebt- edness ancl advannes; ancl to this erxl the undersiqt~i appoints the land bank hiy attomey-in-fact, in his name~ to make application for the }~omestead or cxemption, to have the same set uldc. and to rcceipt the trustee in bankruptcy therefor. T'F~e undersigned agrees that after claiming the hvmessead eumption it will not be disclaimed to the tnutee in banlwptcy ~ or to any other penon or authority. ~ ~ (Co~tlNed e~ n•ene Nde) BOOK 1 I 2 PACE11 "!4 - ~ - - - - _ - _ P ~