Loading...
HomeMy WebLinkAbout2365 TO have and to hold the same unto the party of the second part, her heirs, successors and assicros, forever, subject only to the provisions hereinafter contained. The said party of the first part, for itself, its heirs, successors and assiqns, does covenant with the party of the second part ~_h~heirs , successors arid assigns , that said notes have been duly executed and delivered to it for the principal swn set out above with interest thereon from the date set out above and the said mortqaqes have been duly executed and delivered to it of its predeceasors in title as securit~i for the respective notes, and that said respective notes and mortgages were duly axecuted and delivered to it in a bcna fide transaction for full, that no principal or interest is yet due or in default upon said note, and that the said party of the first part has good right to sell and assiqn the same. Provided, however, that if the said party of the first part, its heirs, successors and assiqns, shall pay to the party of the second part the sum of FOURTEEN THOUSAND SIX HUNDRED AND TWENTY (514,6~0.00) DOLLARS, according to the terms of a certain promissory note dated the 3rd day of July, A. D. 1970 and executed contemporaneously herewith payable in monthly installments of $121.83 the first payment to be made on the 3rd day of August „ A.D. 19~0 and a like sum on the 3rd day of each succeeding month thereafter until such time as this note has been paid in full, with interest at the rate of 10$ per annum, payable with each principal payment and comnuted on the unpaid balance thereof monthly as set out above then this assiqnment shall be void, the same being 4iven for the purpose of securinq the payment of the said sum and interest. The said note is attached hereto and by ref.erence made a part hereof and states that it matures in a period of 61 months. ; ~ ' If any default shall be made in the nayment of the said ~ principal sum of said last mentioned note, of if any installment ~ of interest trereon, when due and payable, or in the perfornance E t of the conditions and covenants of the said mortgage hereby ; assigned, ther. and in either of any such events the said party s of the second part, h~ successors, heirs and assiqns, upon at least thirty days ~itten notice to the said party of the ~ first part, specifying the default and the latter's failure ; t fully to correct the default by a date stated in said notice ~ (not less than thirty days from its date), may elect that the ~ said principal sum hereby secured, with the interest then ± ~ accrued thereon, shall be forthwith due and payable; and, ; ~ in addition to the other remedies herein, provided, said party Y ~ of the second part, its successors and assi_qns, are hereby ~ ~ authorized and empowered to sell the said mortgaae and note ; ~ hereby assigned, and also the land and premises included in ; ~ the said mortgage in the event of the same havina been fore- t closer? ~s hereinafter provided, at public auction in Fort ~ Pierce, Florida, first having given notice of the time and place of such sale once each week for four successive weeks in a _ ~ public newspaper in said St. Lucie County, Florida, and to ~ assiqn and convey the said note and mortqaqe or the land and ; premises, as the case may be, absolutely and in fee simple to = the purchaser at such sale, and out of the money arisinq from ` such sale to retain the principal sum hereby secured, and the ~ interest thereon, with the costs and expenses of such sale, ~ includinq a reasonable attorne_ys fee, and to pay over the surnlu , { vr+~uP MouRSE ~ ? aTrowN[? AT 4~.w ~ ~i = ~ ~ s-. M :wrM ~ouwrM ~ ~ ~ r ~~[sc.~. Ia.owie~ k• ss~s~ s =e~[~MO~N s~~.~~~~ s . ; flR ~ - a~~9~ 2361 ~ ~ s; ~ _ _ :~f- ~~~__~s€ _ ~-rv - - . _ . ~ ; _ a .