HomeMy WebLinkAbout0373 . • -
~rDUldP~1 Mj1U~[1J~. that if sai~ .hlortgu~or shall pay tinto the sai~ JFfort~agee
thE certain prontissory note, uj' ru/~ich tlce follo~vi~ig in wurnds and J~~rcres is ~r trrce copy,
to wit:
PROMISSORY NO?E
f a4.500.00 Stuart. Florida March 16.19?3
r` FOR VALUE RECENED~ the undersigned, ~ointly aad eeverally. PROMLSE TO PAY
to the order oi ESTELLE G. COOK. an unremarried widow. the 8um of FOUR
THOUSAND FIVE HUNDRED AND NO/100 Dollars ~=4.500.04) at Fort Pierce.
Florida. or su~h other place ae the holder hereof may deetgnate in writing.
together with interest from date at the rato oi Eight per cent (89f•) per sanum on the
unpaid balance until maturity. The said principal and intereBt ehall be due and
payable in monthly installmenta of NINETY-ONE AND 25/100 Dollars (;91.25)
beginning on the 16th day oi April. 1973. and on ihe 16th day oi each month there-
after until paid in full. .
If deiault be made for thirtq (30) days in the paymant of any ins#allment o#'
principal or interest or aqy part thereof, the whole 8um then remaining unpaid with
interest shall at holder's option become due and payable without notice. Failure to
eaercise such optioa shall not constitute a waiver of the right to ezercise the same
in the ~event of subsequent default. After maturity both prtrtcipal and accrued interest
shatl bear interest at Eight per cent per aruium untit paid. The makers and endoraers
of this note flirther waive demand. notice of non-payment and protest. It this note
is not paid at maturity and the same is placed with aa attoraey for collection, the
makers and endorsers hereof agree to pay all coats of collection, inctuding all court
costs and reasonable attorney fees.
~ sf (SEA L)
~~"~artin Alexander
.
s/ (~EAL)
Mar~orte A tezander
anc~ shatl perjo~m, co~nply with a~rd abide by e~tch and every the stipulations,
a~reements, conditions c~nd covencants of said prornissory note and of this deed, then
this deed and the estate hereby created shall cease and be nult and void.
,t~tt~t the said Jliort~a~'or hereby covencants and acgrees:
.1. To pay all ancl sin~ular the principal and interest and othe.r sums aj money
payable by airtue oj sai~l pro~rtissnrJ note a~r.d this ~eed. or eitlaer, pro~nptlJ on the
. days respect.ively the same severally come dree. .
Q. To pay all a~ui siia~ular the taxes, assessments, levies, liahiliti.es, ~~bligations
a»d encumbrances oj everJ nature on saul described propertJ each and every, and
if the same be not prorraptly po.id the scr,id Mort~cc~ee may ctt any time p~cy the same
urithout wa,ivin~ or d~'ectin3s the option to foreclose or any ri3sht hereunder, and every
payme~tt so made shall bear interest from the date thereof cat the rate of 8~
per cent. per annum. .
?'o pay alt and singuZar the costs. chargPS and expe~ases, including lawyer's
fees, reasono,bly ineurred or pctid c~t any time by sctid Jlfort~c~~ee beeduse of tlie failure
on the part of the said .1~ortgagor to perform, eomply usith rcnd abide by each and
euery the stipulations, a~reementa, conditions and covenants of' said prumissory note
a~td this deed, or either, cand every sueh pccyment shall bear interest from d,ccte cat the
rate of g~ per cent. per annum.
To keep the bwilding now or hereafter on. saicl land inst~red in a sum. not
less than FOZJ~, ~THOUSAND FIVE HUNDftED AND NO/100--------------------
Dollurs. in a company or companies to
be approved by said .~lortgcc~'ee, dnd ~he polic~ or policies held by and payable to sa.id
.Mortgac~'ee, and r:n the event any sum of monpy beeomes payaeble under sueh policy or
policies, the JKortgugee shctll have the option to reeeiae and ccpply the sa»ie on aeeount
of the indebtedness h.ereby secured or to per~nit the JKort~sa~or to. reeeive and use it, or
any part thereof, for other ptcrposes, wi`hozct thereby waivin~ or impciiring any equity
lien or right under or by virtue of thi,s mort~age, and may pla,ce dnd pay for such
insurdnce or dny part thereof, zvithout wctivin~ or czffecting the option to foreclose or
any right hereunder and ectch ctnd every sueh pcayment shall bear interest frnm date
mt the rcate of 8~ per certt. per annu~n. e~
BOOK PACE J~
;
r..~- _
_ _ ;
~ -