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Home My WebLink About0876 • ' r---~~ ~~~~Q ~0-- VERO BEACH. FLORIDA --~C~eL' -6_t-_---. 197 3.-- ~n_.Lhd~azwa~_b~~~~l~er ~rovided after date, we o~ eithe? ot us prom;se to pAy to the order of -~~_&._RZdS~I~i_ ~IIS~ ~$~1$_L•__RINGEIS~N~_his vttec--------- ~4 ~~~red _ Fif ty _ Thousana ~a_ no~ioo----------------------------- - DOLLARS ' for va~ue rQCe~ved, payable atVerO Seach Florida, or such other place as W~tFi interest ~ay~ Qas~qaat~d-iir-wrtttng-~p-1~loztqagees--- from __._dat~ at the rate of ?_.5~._ _ per cont per annum u~til paid; interest payable __~nuallY. Md sah of us wMtlw mtker. pwrantor a a~do~aa, Mr~by sev~rally w~tvM ~r?d nno~ncN any ~nd dl homest~ad axemptioe r{phb w~ may I~ h~w ur~ th~ ConsNtution a laws of tM Sut~ of Florid~, or ~ny otlwr S»t~. a Unit~d St~hs a p~inst thn not~r u+d ~ach hKtMr w~lva demand. ; eoNa of nonp+rmMt .nd pra..t. «+d tn .v.uf N b.coe?.s n.ceu..y ro co~bct tht~ eoh tMo~ph .n .no.My. +p?... ro wY .tl co.a ot ooll~ctloo, ' indudinq ha~awbb ~n«eNy'~ fN. i Priacipal shall be payabla in eight (8) equal annual inatallments Q! ; $31,250.00, plu• accrued interest on the unpaid balance, caomencinq one ~ year f=aa date, and each oucceedinq payment beinq due and payable each and every yee?r thereafter on such date until ~ully paid. Thia Note may aot be prepafd in anp amount prior to January 1, 1974. Thereafter, said Note may be prepaid ia Mhole or in part at any time prior to aaturity. ~ rrithout penalty. s The maker has executed this Note in a fiduciary capacity. No m~oney judq- ment shall ever be obtained aqainst the IKaker of this Note. The payee or holder hereo€ shall look solely te~ his Mortgaqe eecurity in payment of thfa obliqation. 9 e S i I ~ i _ f s~ __Jack Needy_________ ` ~ Jack *teedy, as Trustee _ No. ~e-------------------- ~...»_Y.. and shall perform, comply with and abide by each and'every the agreements, stipulations, conditions and covenants thereof, and of this mortgage and the estate hereby created, shall cease, determine and be null and void. ~ AI~U the Mortgagor hereby furtl~er covenants and agrees to pay promptly when due the principal and interest and other sums of money pro- ; vided for in said note and this mortgage, or either; to pay all and singu- lar the taxes, assessments, levies, liabilities, obligations, and encum- brances of every nature~on said property; to permit, commit or suffer rio waste, impairment or deterioration of said land or the improvements thereon at any time; to keep the buildings now or hereafter on said land fully insured in a sum of not less than full insurable value in a company or F companies acceptable to the Mortgagees, the policy or policies to be held ~ by, and payable to, said Mortgagees, and in the ev~ent any sum of money becomes payable by virtue of such insurance the Mortgagees shall have the right to receive and apply the same to the indebtedness hereby secured, accounting to the Mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyer's fees and title searches, reasonably in- curred or paid by the Mortgagees hecause of the failure of the Mortgagor to promptly and fully comply with the agreements, stipulations, conditions and covenants of said Note and this Mortgage, or either; to perform, com- ply with and abide by each and every the agreements, stipulations, condi- tions and covenants set forth in said note and this mortgage or either. In the event the Mortgagor faiZs to pay when due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this mortgage, or either, the Mortgagees may pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at the highest lawful rate then allowed by the laws of the State of Florida. IF any sum of money herein referred to be not promptly paid within thirty (30) days next after the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of said note and this mortgage, or either, are not fully performed, complied with and abided by, then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, at the option of the Mortgagees, become and be due and payable, anything in said note or herein to the contrary notwithstanding. Failure by the Mortgagees to exercise any of the rights or options herein provided shall not consti- - 3 - ~i( p,lf~ 8~ ; , - , . , - - _ ; _ - ~ _ _ _~w~