HomeMy WebLinkAbout0664 MORTGAGE DEED - PAGE THREE
solely to the property encumbered by this mortgage for payment of the debt
secured by the promissory note attached herein; further, the said holders and
Mortgagees shall not be entitled to sue the maker of the prom~ssory note or
Mortgagor separately on said note nor seek a deficiency decree against the
maker of said note or the Mortgagor in the event of foreclosure of said mortgage.
PROVIDED, ALWAYS, that if said Mortgagor shall pay unto said Mortgagee
the certain promissory note hereinafter substantially copied or identified, to-wit:
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s175.000.0u Fort P1era. florid~
tbv~be~ 1, 1970
For valw r~c~ei wd. I, w o~ ~1 ther of us. pro~t sR to p~y, ti+1 thout defal cation,
to th~ ord~r ot WLLTER A. DU~i at P. 0. !bx 341. Fort Pi~rce. F1oMda. the sua
ot OItE ENJNUIttO SEYENTY-f IYE TNOUS~?!~ aOIWtS (5175.000.00) th 1 nt~rest t~
date at tM rat~ ot stx and one-half percent (6 1/ZY~ p~r annw, as tolia+s:
~o~ th• f1 rst ti tty ~50) cor~secuti ve ~onths, cowncl n9 Dece~ber 1. 1~T0.
i~t~r~st only shall be paid on sald not~ at th~ rat~ of s9~.00 per won~• Cow~en-
c1n~ ~1th V?~ ftt~y-flrst (51st) ~onth and tor a p~riod ot 192 caos~cutive aonths,
prlncipal and int~rs:t shail be p~yable at tA~ ~at~ ot s1,~.50 pir wonth.
~ach tnstall~tnt first shall be applied 1n p~ent ot the inter~est and
ach
tMn on tM unpaid balant~ ot ~e pr4ncipal suo~. It dsfault 1: ~ade in th~ pyraient
; ot aNr tnstallrnt ~ duf. th~n at the aptlon ot the hold~r, aad rithout trnr
; notici, atl th~ rs~ainin9 1r~tallm~nts sAatl be due and p~yabl• at ona. PMvliege
~ is 41wn to p~r ~ro or ~ore instalt~ents at a~y? i~statl~aent wituM~r dtte, but
this sf~all ~ot ~xta~d th• tt~ae ot ~aturtt~j? ot aryr sub~squent 1~stalloent. t~elthar
; toraa~anc~. ~wr~ acc~ptanc~ b~? tAe Aotd~r hereof att~r ar~y datault in any pay~oent ;
~ hsnan, shall be d~wd ~xter~slon. :
€
~ N~ker sAall hav~ thir~y (30) da~ys 1n wlricb to co~rect a~y datault Aaraund~r.
~ Eatl~ rk~r. sunty and endorser hsreot. ~ointly and s~vorally. tiratvas
~ d~and~ pr~s~nt~nt, protest an0 notlce ot protest fo~ non-pay+~ent, and turther
~ aqr~a Lo arpr uct~nsion ot tios ot pq~eet, ~lther bltore or atL~r wturity,
~ vithoat aotlc~ to aro? ot u~; ana (sub~ect Lo th~ last pa~sgraph ot thts note)
~ to p~y all costs of wll~ctlon. tncluding a reasonabl~ attorn~ys • te~r in th~
~ eva~t of aN? d~f~ul t herswtider. ar~ h~raDy ser~~al ly wai va a11 b~efi t ot howe-
~ stad and e~ptlon uad~r th! tonstitutlon and lav: ot ~ach 5t~te of the Unlted SUta,
~ u a9ainst th1: cbtisatlon ar arnr ext~r~slon o~ ren~+al heraot.
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~ Thts proii~sory nota ts sxRCUted solaly for th~ purpos~ ot ~ride~cing th~
} pa1a~ dut on th~ p~nfiase pr1c~ ot that c+ertatn property conv~ed this ~ate by
~ tiialt~r I?. tk+n and lillian Oun, hts ~r1te. to ths ~aker h~raot. The aker hen-
of shall not b~ p~r~so~ally 11aDle fo~ the priacipai or int~rest or oth~rp~?~ents
~ speclfl~d in thts pro~issory not~. it D~in~ agned th~t th• aMn~rs and hold~rs ot
~ thls aot~ ~hail look :ololy to tht aDore r~fan~d to ~sl prop~r~r which is
~ ~ncu~nd O~r a purcha~• ~aNqr ~artgaye secuMn9 this not~ tor p~nent of sa1~
~ d~t and intarsst and aNr ~xpens~s tncurred 1n collection hfnot. includin9
~ atLon~r~' f~s. and t~tli~ that sa14 holders and oMners shalt not Oe Mtlti~d
to sue tlN ~sk~r ot this ~ot~ =eparately on this not~ nor to seek a defici~ncy
~ ~ d~cret agaln=L satd ~ic~r tha ewnt ot toreclosur~ of sald a~ortgage.
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