HomeMy WebLinkAbout0597 j~~~~ _,~J`,~ ~ ~ ~
~1A1le i11~ W~~ t~e same, togel~er wiih fhe tenenNnta. henditantnb a?~ nppwfe-
nances thereto belonging, nnd lhe rents, issues and proJtts the?eo/, wtto ti~e ntortgngN, in f
ee aimple.
1U~ t~e mortgagor ooasnants wilh t~e mortgagee I~at ftie morfgagor ts tnd~(~..i6lr :a~d o~ said
land tn fee simp~e; f~at fhe mortgagor has good rtg~t and ~nwfu~ aut~ority to conus~r said ~n?ul as aloro-
said: that f~e morfgagor wi~l make auck /urther assurances to per(ec! the fee simp~ tif~e to snid ~and in th~
mortgagee as moy re~onably 6e .eyut.~d; tl~nt tl~e mortgage? h~by /ully worranb the title to sdd Iand
and will dejend the sarrie against the Iau~jul claima oj all peraon~ ~ukomsoet~ar; and tkat ~id lnrtd ts jrot
~ and clear o~ all encum6rnnces
.
~~V~ ~s~ fhnt if said mortgagor a1~a~~ pny unto said nwrtgagee t~e certnin promis-
sory note ~ereinajte~ su6stantially copied w identi~ied, !o-~it:
~ ' :
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~ 3 S,^':~ ~ Fort Pierce. Florida, 19 ;
Fur ~-aiue received, I, ~ve or eithe: us, promise to pay, witho~:t defalcation, to the order of ,
cr~c'~ ~'ar.:~ a;. ~ ort nierce at Fl oric'a ^ar'. ~t I'crt Pi.erce
in Fort
~ie~ce. Flo:ida, t:~e sur:, of "•'3:I:'mV._~:I~7r ~;-`,•-cp~~r anc; n0/1c?~----------- DOLLARS
~;~i~h interes~ fro:n date at t~-.e rate o.` 4`~o per annum, in't' ~z ter3«nstalments as follows, ~
a i? ~ 7• ~ c~ on the 13 t?~ day of ce^terl;er ~~g~~ and a like sum
on .ne corras ~oading day of ea~n like succe~ding period thereaiter until the whole be fully paid ~
Exa ir.aLlim.nt f'us: a.'z.1~: hc nnr1«d ip payment of the ictetest ar.d L'ien on the ur..aid bntaace of the D~sor.nal swn. It Eefault is '
:::_3r in tLe r~:;~n: ot any insts.:mrr.i ~vhcn due, then at the oDLon ot the holder, an~f withoa! anp other notice, ell the rea.sinir.g
:~.:.f.r.eats snall ba d::e rad p4aaL'.e at onca. Privi'.csce u Kirea to Pa7 iK'o or mora insa:menu at an7 1nst=.lmeat mntuzity date, but
::.:s rhall na: e~denl tLe tirue of mnWritl of any aubsequmt instalment Ne:ti~ec forLearanoe, nor aceeDtenoe b7I the holder hereot aftet
.;:.y 'ufau:t in an~ Avu~.ent hereon. ohall be deemed e:teneion• •
~ c.~teh maL-er, wrety aad endoner hereot, jointi~ and sererallY, w~ives demand. Dr~n~~t. D+o~ and notice ot D*'o~ tor noa-
,:,y-zir-.t, and furtcxc agreea to an1 ~xtens+on of time of rarmens, ei;hec bofore or after maturitr. witaout notioe W an~ ot w: aad
:o ;~vr a21 eceu of eoiie.:tion, izulwi:nR a reosonable atiorne~ s t~ in the eveet of an~ default hemunder, and her~eb~ severa;l~ a~air.a xll ,
~ c~• :efit of homes:end and ~ceaiytioa under tLe coastiwtion end l~vs of eaeh Statc of the United St~tes, u asainst tLis ob:i~at+oa or an7 •
~ eattmioa or rtnewal hereof. 1''eS glen CO orati~n ~
f \~itaess zhe haad ~~d ~eal o! eaeh D~t7.
e 3 ' ll ~ Q,aC1 O (SEAL)
: aiar.ce ~ue 5 I~e~rs fror~~ R~ F. R se, Presi~ent
~ uate or on Jur.e 13 , 197 4 (SEAL) _
~ n • • ~ P se, Secretary ~
; e`R.~-Q~c,~ ~ • ~ ( SEAL)
~ ~.o..~er ~ . .ose, ir.~~~ic.uall}~ ' :
~ ; (SEAI.) • .
~ _ . ~~ary Fose, ~.nc'.~vi~uall~? _ ,
~ The r~ortgagee, its successors and assigns, covenants and agrees ~
to release individual lots from the lien of this mortgage, as said
individual lots are sold by the mortgagor and upon the pay~ent
of Fifteen Hundred Dollars ($1500.00) by the mortgaqor to
mortgagee for each lot to be released.
~ The Fifteen Hundred Dollars ($1500.00) per lot paid to secure
~ the partial release from the lien of this mortgage shall be applied
~
% to the next maturing installment due on the principal amount due ~
~ under the note secured hereby.
~
~ A release or partial release will not be given while any payir,ents
~ due on the loans secured by this mortgage are in default.
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~ go~x178 ~ 596
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