HomeMy WebLinkAbout0225 ? • ; ~ !`i ~
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~ OL~? 8'7~Oi~lE HIO?M~C
~ COLLATERAL NOTE
S 15 .000 Due Loan l~umbe~
R.1.. Tune 4 .19.~L
~.'1 DEMAND-~~ aRer date, t~x ~aluc re.-eired. the undenisned. jointry and xcerally. {xomise to pa> ~n tAe utdet ot Old Star- Savinp 8aai ~x UI~StoneTruu Compray a!
R. ~'IF'."F.S:'~ THOUSAND--------------------
[~..:larc. hav?a~ deLr+sfted :m1 pk.l~ted » coUucnl secunt) (or tAe paYmcat ot tAis nae anA anY and all aher IiaMlities. due o~ to l+ecoene duc. nos e~is~uu o~ Aereaf[er arisin~
here~n coUtcu~el) cailed "sa~d IiaMl~tisi'1 0( iAe unAenE~ned. ot any .~uc or more ot them, to sai:1 Savinp Bank and said Truu Companr. its ax ~htir wccesson or assi~ns. the
t.,t;a..:r.i OtopertY
'~~ort~aKe on property located at: ~
U.S.N1 corner S~. LuGie Roulevar~ -
St. Lucie, Florida _ `
4n. .t xts. bc~Ms, or aher x.vntrcs conui[u~~nE colla[er:i. ~heth:r cx nat a delauk e?ists. may l+e re~istcred and held in tMe name ot tAe holder or its nominee.
~ny de~wsns ot aher wms at am umc crednr3 by or due tran+ rnher said Sa.in~s Bank or ~a~d Truu Ccxnpan> ta or fix an> u! the umletsipieS ~+r any enderscr or N~rui~a
r: rc.~t and an~ xcuriues or al+er prupeny ot am• ot ~hem in tAe pa~scw.?o of tM hadtt rtuy at all times be heW and trcated ati :oilatcral secuntY to? tAe pavmcm ot sa`d IuD~l~uts.
en,S =hc Rdder ma> appq' ur us oli an> such Aep~s~ts acW wms asa~mt sa~d IuMliues. Thc u~ers~gncd. the c:wforser~sl arn3 or plarancortsl hc~cof. appam thc Iwlder Aercot !:is.
hcr. .~r ~heit attw?~ev. to demamf. ~ritM3ra~. collrct. and reccip: tor any ~:cposit M aher wms n sa•~nRS ac~ountlsl. checY~nR ucountts/. or aACr.rne to hn. her. ot their credit
n.~r from e~tAcc said sarmp bauk or said trutt company and to aDD1Y ~M same a~alnu an> or aU ot said liab~l~ties.
This nu~e shall. at tAe option of the holder, bccome ~mmeduteiy due and pa)at+1e Mithouc notice or demand u~on an~ ot tAe folbxins e~ena: ) if at anY time the security
(.~r sa~d {iaMhnes shall be ~nsatis(actoty t~ the holdcr and tAe undcnisxrcd shall not on demand fumish such turthcr sccunt7r as may bc satisfactory to tht Aolder, tbl de(ault in the
~e. mrn~ c+r pertormance ot ~nY ~~pt~~ a~Y ~~M unSersiYned. ut of an) en3orsir w Ruuantar of anY obti~atroa ot the uexlenisnM_ to the hoWet: le) death. aui~nmem
f~•r ~hc henefit o! ered~tors. business ta~lurc ot. atu~hment o( anY ot the property d. or the commencemrni of ~nY MaKd~nss Py ~x a~a~mt anr ot ~he uadenisned endorx~, ex
~uaraator under am' Federal or sule la~ «lati~ to b~aekruptcy. insol~enc~. or rect~~crshi7. W 101 it tAett is such a chan~e in tht condnwn ot a!fain ~fuuncut w otMrwisel o( any
:!:hc un~eni~ned. endorxr. or ~wrantor u in the opiniao. of the holder ~rill impair its security ot ~ncreax its rist. ~
The undetv~nM heteby authonx tAe lalder. oa the Meach o( anY ai-etmrnt coatained hecein or tAe nonpa)mem of any d the IiaMlities meMioned abwe. u and
+~•n due. or the occurtence M anr of tM e~rnts speciAe~: in Ux prtced~ns para~[rrVfr~ai any timc or umes t~.ereafter. to sell. ass~~n. and dcli~er tM ~nok or any p~n d anr
pr.~perty rhich is collsta~l se.vrity Aereualer. or an> wbstiwta thcrcior, or an7 addilw~s tAcnto. at an~ broker'a board or at public or prn~ate sale. dcrtund. ad~enlxmmt, and
r.~~:,;e bt~n~ expressh ~aired, and may purcluse any ot tM ume at any pubtic ssk, or at broker's board, d•.xhar=ed ot a!1 ri~ht ot redem~xmn. :~hen cotlateral consists o( propertr
cehcr than securfties or deposi~s. We same may De sdd. assi~r.e~ and detivetcd u ia tM precedm~ sentence. or the holder maY uercne the ri~An ot ~he undersi4ned. ia tbe aamt
of ~he undeniprcd ot in iu o~r name. to collect amounu due the unAersi~ned on such collaterat. [o foreclose an) lieia in ta.or of the unders~p~ed connined sucA coltaeeral.
or oehervri~e to tnlix upon or deal ~itA such cofla[ent. creditia~ any amounts realixd from wch collatm: asa~mt said liab~litip ol the undcrs~~nt6. ~
~t on auY dsfault this notc is referczd to an attorney !or coUection, there sAall be due trom the undenisoed. ~o :dditb- to the unpaid Crincipal plua interest at the rste d 6°~
;+er annum Irom due date. a reasonade ucomcv's tee. all cous and expenses o( wch action. and all costs and eapenxs of the sak ot the coltaural sccurity.
The u~Weni~ed ud any cndorxr and twrantor ot th~s note. or tM obliption rrpresentcd herebY. herebY ia/ wa~es prexntmcnt. demand. naice. protest. and sll otAer
,fe~:ands and aotic,s ia connecuon ~r~th the deL•ery. acceptance. perfortnance. dt[auH. or enfercement o( thu note. a~M ~bl aumts to an> eiteman or postpontmee[ a( the tiene of
.~i~n- amnyn[on o~c asioo sl~u~ll ~ be ~coost~rtitd as~a~u~a,r
to
~wa ~et ot anY NiAt and,'w- e~~ o~o'atn~tui~uc
acii~n
Y aner wrey w person I~aDle hcreon_ A rai~er by the Aolder
z
~ S1G4ATUA8S: (Siie [ull mmc in ink- ADDRESSES: (Girt complete res~denual address) i
do not Dnn11
1, B~R~.u: V.S.H. EALTY ?'IC. 777 Dedh~r? ~treet , Canton, Ma~s~chusetts
_ ~ c ~latet_ B : '
~WJ~~b~~~~-«~ Vice Presi ent ~
~ , Maker: -
USS-L-1 1 Rer. a 70)
i
snd shall duly. prompUy and f~illy perlorm. discharge, execute, eltect, completr. c~npl~ w~tD and abid~ by eacb
and every the stipulations, agrcements, conditions snd covenants ot ~aid prom~ssory note and of tNs mortga~e.
then thi~ mortgaAe and the eatate henby crcated ahall cease and be nuU aoa vo~d.
t
= it is un~{erstood that each ot the wonls, "note; '"mortgagor" and •'mortgagee" respectively asd We pron-
ouns re[erring thereto. whether in the singuiar or plural anywhere in thls mortgage, eRW be aingvlu 3f one oNy ;
and shap be plwal joiatly and severslly. it ir_~*.e tAan one, ~nd shall be mseculine, terrunine and/or aeuter, wher• ;
ever the oontact so impliea or admib. ~ ;
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And sald Hortgagor for himself and his hefre. legsl repreaentsUves. aucceason and a~slgiu„ hereby ooven- ~
ants aua agrees to aad vrith said Mortgagee. his legal repreientatlve~, successors and as~igas:
1. To pay all aad ~ingular the principal and lntereat and the variou~ and ~undry sums ot money paysble D~
virtue of ~afd promiswqr note. aad thii mortgage~ eacb and every. promptly on ths dsyi reapsct~rely the aam~
severally btcome due. _ ~
2. To p~y all sad singular the tiuc~a, aaseaaments, levies, IiaDilities, obligatiQns and tncumbranc~s ot every
nature and lcjnd naw on said deacribed property. and/or that hereafter msy be fmposed, suftered, placed, levied ~
or assessed thereupon, and/or that hereatter may be levied or asseaeed upon lhts mortgage end/or the indebted-
aeas ~ecured hereby, each and every; when due snd paysbb urnrdin6 to l~w?, betore they become delinquen~
and before aay interest sttaches or any penalty ia incurred; and in ao far as any thereof :s ot record the sam~ ~
ahall be pmmptly aatlsfied i~d discharged of recoM and the oriqinal otticfal document (auch aa, for Wtance,
Lhe tax receipt or the satiatactloa paper officislly endorsed or certitiedl st~all be plued in the handa ot uid :
Mortgagee within ten days next after payment; and in the event that any thenot is not ~o paid, sati~fied and i
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