HomeMy WebLinkAbout2207 ~~Mt ~ ~ ~ ~ti. ,.,e.. lo~,.llu. ~wlh ~h. ~.R.w~.~a. Mhdi~.w~«~a .~d .p.wl.~
nanc~i 11~~10 ~lw~pi~. and t1~~ hnb. tuua ~ pro~ly f~yi/+p~. Nnl~ fkI ~M. IA lN
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~ ~I~. wwnpaoo. c~or~nana wu~ ~k. ~oNp.o.. ~I~a~ tti. iwoN~ b tnd.~...tblr «+s.d o( ..Id
b.~d i~ .r~b: ~I~at ~I~. ~~o. hw ~od ~1~~ .~d i.wj~t .~eko.~h ~o oo~w~r a.id I.+~d .for.•
:utd: ~I~at ~h. nwr~papo. u,1u ~al~. ,ucl~ rw1lur ..~unonn. Io p«{.~ct e/~. dMp~a all. eo ,.Id I.nd tn el?.
~eae« o, ~y naso+~a6lr 6r ~qut~d: ~I~a e6. ~?o.to.Qo. 1?.ti6y (~Itr w.~+~s~a el~. Hi4 eo ,.rd t.~d
a~ul wtl! de%nd 11?t aar~ opnt~sl ti~ Iawjul clat~ o/ aU p~aons w~: v~d d~st avd land 4 fn~
~~d ~t.~. o/ plI .~~?5~,a~., eaaept taues accruing aubseQuent to Deoember
31~ 1971. For aa long ae any part of the indebtedneee, principal
or lntereet, secured by this aaortgege ahall remain unpaid, the
mortgagor agreee to maintain and care for the citrue trees and crop
located or grown on the mortgaged property acaording to good hue-
bandry practicee, generally reaognized, acaspted and in uae Por
citrue grovea located in the vicinity oP the mortgaged propertq.
Failure to do eo ehall conatitute a default under the terma and
provieions hereof and mortgagee ehall thereupon be entitled as a
matter oP etrict right and Kithout regard to the value or occupancq
of the security,-to have a receiver appointed to enter upon and tak
posseaeion oF the premi$es, coliect the rente and profits ~herefrom
and apply the same as the Court may direct, auah receiver to have
all the righte and poMera permitted under the laMe of the State of
Florida. Any remedy provided in this paragraph ehall be cumulative
to any and all other remediea provided herein in caee of default.
.
~~[I~ ~~111ayS, ehat tJ :atd n~egngor .IwU pay wtto satd ewrtgug~. eh. oKtatn p.~on+t,_
sory note ~?~einu~ter subsbntial~y oopied or identif
ied. to-wtt:
~ T rr.o~sTSSOrY hoTr ~
S 83, 500 , 00 Ft , Pierce Florida April ~ 19 72
FOR VALUE RECEIYED, the undersigncd jointly and severally promise(s) to pay to tUe order of
INA REED McREYNOLDS
at Truat Departsgnt, First Natianal Bank at Orlando, P. 6. Boa~ 3631, OrZando, FL 32802
or at such place as the holder~s) of this nate may designate in ~vriting the principal sum of
EIG~ITY TI~tEE THOUSAND FIVE HUNDRED and - - - - - - - - - - 00/lOJ ~LLARS
tooether with interest thereon from da~e at the rate of 7 Sb per annum
on the unpaid balance until paid.
rLFTHOD OF PAYi~1ENT: The principal sum of $5,$75,00, together t?~ith accrued
inter~st, payable ~n July 1, 1972.
Ten (10) equal annual principal ins~allmen~s in the amount of $7,762.50
each, together with accrued interea~ on the principal balance from time
~o time remaini . First payment due on the ~day of April, 1973
and ~n the ~~day of April each successive year thereafter until paid
i.n full.
1+Zaker reserves the right to prepay this indebtedness in whole or in part at
' an ti~? e ~lith t ~nQ t~„ Any prepayment shall be applied t~ the last principa
pa'~mel~Sef~uylt bS~'~~d~'~'tls~~~y~i~~Sf
~•any installment under this note, and if such default is not made good
j within ~0 days from due date the entire principal sum and accrued
~ interest sliall at once become due and payable without notice at the option of the holder(s) of this note. Failure to
~ etercise this option shall not constitute a waiver of il~e right to exercise the same at a later time for the same default
~ or for any subsequent defanlt. In the event of defaults in the payment of this note, and if the same is placed in the
; hands of an attorney at law for collection, the undersigned hereby agree(s) to pay all costs of collection including
i a reasonable attorney's fee. Presentrnent, protest and notice aze hereby ~vaived.
~ /s/ T. SnaW
s (SEAL)
; T, sxaw
(s~.1
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; ~ ,~-e,~-dw;its Snax (SEAL)
; Juanita Snov
.wcrvrcN co.-oau?NOO (S~+)
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