HomeMy WebLinkAbout1847 , ~ , ~ ~'S ~ 1 1 {
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~o ~ue nnd to ~ioid the snme, togethe~ w~tl~ the tenements. 1~eredtlarinenti a?td nppurte- ~
nances I~erefo belongi~~, an~ f~e rents, isstu~s aeed pwjifs lhereo/, unfo f~e mortgagee, i~ Jee simpjs. 4'
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lhe morlg4gor corenants witl~ the mortgagee 11?af Ihe morfgagor i~ inde(east6~y seized oJ satd
land tn fee simp~e; f~at fhe mortgagor ~at goa~ rlg~t arul ~awjul authorily to eonvey said land m a~ore-
said; fhat I~e mo~lg~ga~ will make auch ~wfher assurances to perfect f~e fee ~imple tltle to said land in tl~e
mo~tgugee as may reasonably be required: ~hat the mortgagor hereby (uily wana~ts t1~e ti~le to satd lar~d
ond wrll d.~end the same against the lawjul cluims~ o/ al1 ~?erson.t . wl~ornsoever; and that se~id laad is )ree
and cleor o/ QI[ encumbraacea exCept ss 8bove StBted.
This mortgage lien shall ext nd to and include all rents and profits
of the mortgaged property. ~n the event oP foreclosure, ~he court
is authorized to appoint a receiver of the mortgaged prem3ses and
to ap ly such rents or proPits to the_indebtedness hereby secured,
rega~less of the solvency of the mortgagor or the adequacy of the
security. ,
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, V~ ~iLW s that i said mort a or shal! ~
~ ~ s ~ g g pay unio snic~ mortgagee the certain promis- ~
sory note hereina(fer substuntially copied or identtfiec~. to-wit: ~
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s--3~.~.~056.~.?.8 Palm Beach A«~._....~~nuar.X~..w...~9.6:.9_
FOIt vAtUE RKEM~ M. und~sipe.d ww~is.s ro v~r ~o th. «d« or
s L. C VAUGHN and JAMES A. VAIIGHN
~ a;,~;~ dThirt thousand fif tv-six and ~~/100 w.~- ....-_~..o~ c:3o.,_a~6y28..--
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~op~rh.. with i~ n»~.ou kp. d.ti,,,r d».y. d.. seven o•r o.,,,, p.,.._......_..at]nlua___..____.....,~r~M.yn..r, ss~a w+~K.a
monthly as einafter ~rovided
b~ o~raa. .._--------~--.........__._......_X+~E7it.__.~_......__..__...... ......_..---___...]pQ~C
~,x~ ~n o.~ ~a ~,r«.~ b.Mo wr~ea ~ a~ ~«»r ~r u~~r.a u~u a ~:.w~-~,~. Atlant~G.._Nat~.Ori~l. .~ank
of---~Fl1~r~.t..__Ps~.~_.$~S~Ckly~..-.~'].QT.~.S~.B,,.._.._ ...s~d w~nopsl w. ro b. ar,bl. on ~b. dst~s sna in ~h. aaouN: so~d e.tow, w~vrir_
= In monthly installments of two hundred forty-two and 69/100 ($2~F2.69)Dollars
~ co~arnencing on the Pirst day of February, 1969 and on the first day oP each
~ month thereafter until June 1, 1976 when said monthly installments shall
' be increased to six hundred fiPty ($650.00) Dollars.per month, commencing :
June 1, 1976 and on the first day of each month thereaPter until principal
+ and interest are f'u].ly paid. Said paymen~s shall be applied first to -
E-interest and the balance to principal and the makera shall have the right
= to make prepayments of principal at any time without pena.lty . In the event
~ that the exis~in Pirst mortgage is paid off prior to June 1, 19~6,•the ~
pa gnts thereaP~er due hereunder shall be made in monthly insta lments W
o f~
6
5 0. 0 0 per mon t h as a bove prov i de d. cn
Eseh a~?r snd adwsa s~r~npY w~ivas d~snd. PtWW snd nobp of whiritY. ~rp~Y~ or prolaf sad aM epiinw~nts n~ssary b lab ~seh of
Iham Gable as wkas and endase+s. H
Esch waE~r and endorsw furNwr aprNS, f~h~ snd s~vasMY, to WY sN costs of oolled'an, includ~e0 a nasonaW~ aMar~Ns IN in t~s~ dr V~~+o+~ ~
~Ais nore « aar wvmaa oe n~. principsl «+or iN.r~sr ~h...oe is na o~ sr ~b. resp.aiM. +tih.+r aw.of, o. in as. if b~caMS e.o~ssrr b+x'o'~d a" ~
searitY hereoF, whNlwr strl b~ braql~ or tat.
This na~ srd d~f~rnd ~n1~QSY4~s sh~ll bssr int~rat a1 tht qt~ d......~~Z~....-.--Wr qN. OM siwrrw froa~ wNUrifY u~M psid. ~
Th~s na~ is s~w~d br s.._3cc:V[iC~.awrtQa9~ d~wn ds?~ hsr~b and 'a ro M constrwd and viorad accord~ny w tl» I~ws of tM Sts» of Fbrid~:
upon defauh in tlw Par~M d P~y~av+~ andlor iMV~st dw on +eY nob s~ar~d bf~ said M«t ~p no1~s so s~ar~d and n~sinin~ ~rwrd sl~l fonhw~tb p~.
b«a.,. d,,.,,,d p,,,,a. „o~w;,~t,~d,g rh«. ~«wr. VAUG~8c WRI(3HT, INC. u
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; - ~By~,,.~ S. J. Lubrano~.__Pres._._._,. ~
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ATTEST ;~sL R. J. Cars_ on~,_Sec~ &Tre.a~.,,~ ?
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soGK 175 PAGE 1844 ~
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