HomeMy WebLinkAbout1703 TO HAVE AND TU HOLD the same, cobethcr with a!1 and singular nc~ tet:ements,
her~ditamencs and appurtenances thereunto belon~ing, or in anv~,~ise ~pper~~ining, and
the reversion and reversions, remainder and r~maenders, rents, issues a~~d profits thereof,
and also alt the estate, righr, title, interest, property, possession, claim and demand what-
soever, as well in 2aw as in equity, af the said 11~1ortgagor in and to the same, and every
part and parcel thereoE, unto the said Mortgagee in fee simple.
AND the said Mortgagor does hereby f~11y warrant the title to said land and evety
part thereof and will defend the same against the lawful claims of all persons whomsoever.
PROVIDED ALWAYS, That if said Mortgagor shall pay unto the said Morcgagee
certain promissory note of which the following substantial cop Y to wit:
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~U Palm Beach, Florida ~i
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't'~ 19...7.3.._..
20, 00~ . 00--- Februaxy --~.2 . ~i
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FOR VALUE RFCEIVED, z promise to pay ro
j~ ------------------------DtARVIN KRATTER------------------------------
or order, the sum of--____~~ENTY THOUSAND and no/100 D~LLARS
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in the follo~ving installments, payable on the fo[lowing dates:
The sum of $1,000.00 on the 12th day of ~iay, i973, and a Zike
sum on the 12th day of each third onth thereafter to and ~i
~ including the 3.2th day of Februa y 1978, at whfch time all u~
amounts rem ' ing unpaid wi b a' 'n full; ~
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? an d to a interest o' t he un ai d a ' rinci hereo f from t he date hereo f at t he ~
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~ rate of 8 per c~ntum pcr a m, ' yable on th Z2th day of August
19 73, and semi-anr~ually there ft . principal h eof and interest hereon are pay-
~~~5 able at palm Beac , Flor~da. Ma ers shall have the ri ht to
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part or all of t is ob~.igation t any time without nrenayment penalt~'
i In the event of the co rineati n of any deEautt the payment of any inscallment ef the principal bereof
or int~rest hereon for a peri thirty days, the nolder hereof may elea to cieclare and declare the ent'ue i
unpaid amount hereof, and the interest then accrued, immediately due and payable.
The maker and endorser of t}~is note furth~r agrcc to waive demand, noucc of non-payment and 1
~ protest, and in case suit shall be brought for tho collection hereof, or it is necessary to place the same in the C~
hands of an attorney for colleccion, to pay rtasonable accorney's fees for makin such collection. Deferred
j~ interest paymrnts shal[ bear intcrest from maturity at the rate of eight (8~ Per centum ptr annum
payab~e semi-annually. _ ~
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and such further sum or sums of mnney, if any, as the Mortgagee may hereafter during
the continuance of these presents advance, with interest on such further sum or sums from
the time they may be advanced at the rate provided for in the said promissory note or notes
evidenceng s~lch advance or advances, and shall perform, comply with and abide by each
and every the sripularions, agreements, rondirions and covenants of said promissory note
and of this deed. then this deed and the esrate hereby created shall cease and be ne~ll and
void.
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