HomeMy WebLinkAbout2155 ~ ~ortg~ge ,~ote ~
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~La~b ~ru~t ~green~e~tt
Trust No.~d
S 146.500.00 Miami, Fbrid~, October 12. , 19 7~
The Indian River Citrus Bank
~QC ~lt~lit ~t[tibCl~, ~~(~(j[~y~~)(~[~p)[~, not personally but as Trustee u~der the provisions of ~
Trust Ay+eement dated October 12, 19?3 and krawn as Trust Number /~O ~ hereby promises out of that V ,
portio~ ot the Tn,st EsNte wnbjecf to ssid T?ust Agreement specifically deuribed in the Mortpa~e piven to secure the payment hereof, to
pay to besrer, ir? the manner hereina(fer and in said MOttyspe providld, fhe printipal ium of
ONE-HUNDRED SIX THOUSAND FNE-HUNDBED AND NO/100 (5106.500.00)------- ~i~~~s
and tnter~se froM ~ Oatober Zg. 187$ p~ f~ ~lant~ of printipal remsininp frOm tirM to tim~ unpaid
~t the nM of 8$ tent per snnum in installments ~s roib~: 515~214.Z8 Dplisrs on fhe
>
20th d,y of Ociober 19 ?4. ,,,a S 15.214.28 oon,~:
on ths,__2Qth day of eacF~ OCtOl~el~ th~resfter untFl this noM 1s fully paid r
;
except that the final psyment of principal and interest, if not sooner psid, shsll be due o~ the 2~~1 day of
i
October , 19
8~, /111 such psyments on sccount of the indebtedness evldenced by this note shsll be first -
applied to inte?est on the unpaid principal balance and the remainder to printipa(. It1 addition t0 the principal payments,
int est sh a cr e. at o t e n i a1 ce f~om e to ti e m' n the
same a e as e Qrincip paymen . ommencing ter January 1, 1974, any payment or any paM
thereof may be paid on or before its due date wifhput~enalty. -
Said payments are to be made s+~i~~s~ee+~~-~~ax er hayf-een+ps~e~?ir~ ffie bi eI~ fie~~dr
to , a ee at P.O Box , ort igicce ori a'or suc ot er p ace es e' eg o er of
thi~ ~iote may . from time ~o time . in writ ng appoint .
~*~.+d-e~•
The psyment of thls note Is secu~ed by a mortpafle, besrln9 even date herewith, to Annie J, CObb ~
on re~l estste in the rit~~+f"' , County of ~ $t . Lueie , Sfate of Florida.
It is a9reed that af the election of the holder o~ holders he?eof, and without notice, the prirxipal wm remainin9 unpaid herew~, toflether
with accnied interest thereon, shall become at once due a~d payable at the place of payment aforessid in case of default In the payme~t
of principal or interest when due in accordance with the terms he?eoi or in tase at any time hereafter fhe ri9ht to foretbse the ssid mort-
yape shall accrue to the legal holders hereof u.?der any of the provisio~s contained in said mort9age.
/111 psrties herefo sevenl waiv~ prg~entrr~Rt for p~,y t~usnQiicaenQf dishonor, protest and notice of profest.
~he ndian taver c:
This rote is executed by S90X7t767Qft7~][aC7~Ji4[7CDli~~i~N. ~t~personelly, but as Trustee as aforesaid in the exercise of the power
and autho.ity conferred upon and vested in it as such Trustee, and is payable oniy out of the property spetifically dexribcd in said Mort-
gage securing the payment hereof, by the enforcement of the p?ovisions contained in said Mertgage. No personal liability shall be asserted
or be eniorcible against the promisor or any person interested beneficially o. otherwise in said prope~ty specifically dcscribed ~n said Mort-
flage fliven to secure the Wyment hereof, or in the property or funds at any t~me subject to said trust aflreement, becaus~ of or in respect
of this note or the msklnp, issue or tr~nsier thereof. /?11 such lisbilify, If sny, is expressly w~ived by esch tsker and hold~r hereof, but
nothir?y herein contained shall modify or d~scharge the personal liability expressly assumcd by the guarantor hereof, if sny. Each oriqinat
and wcceuive holder of this note accepts the same upon the express cw+dit~on that no duty shalt rest upon the undersigned to sequester
the rents, issues a~d profits arisiny from fhe prope~ty destribed in said Mortpage, or fhe proteedz arising from the sale or athe~ disposi-
rion thereof, but that in csse of default in the payment of this rate or of any installment hereof, the sole remedy of the holder shall be by
forecbwre of tFN said Mortpsp~ piven to secun the indebtednest evidenced by this note, in accordance w~th the terms and provisions 3n
said Mortpap~ set forth or by action to tnforc~ tM personal (iab(tity of th~ pusr~ntor, if any, of the pa~~rnent hereof, or both.
THE INDIAN RIVER CITRUS BANK
~csaco~aex~~cx~ammosmt~oa,u~n~mt
/1s T?ustee as ~foresatd snd not personaltY,
~ s~ ; , . .
f'~ / y~ ~ ,
BV ~.~l~i~I~~.
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i~ r~ f A F S~- Son. ~~TruSt ~ffit ,
.
/ s/ t 'J ~ '1 a / J. ~~~f G 7 J L_. 1 I ~ ~ ~ ~ ,
/lfnst .
Vite Presldent P~A ~ H~ c~- ~ i r'
. . ' ~ ~ ~ •
This Is to certlfy that thls is the note described in the within mentioned Mortpspe. '~.v~1 y ~1~'.~:
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ffiCf ''f ti~~DED
FOIIM 1! TD sT ~ui' : r L MTr FLA-
p, - - -F.~ S i~y
Clf : s~ ~ • } „CL~RT ,,,A ` .
. f: F^ n a I ~,t
` k0Y ~ ~ 44 AH'73
_ , ~ A 268102
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