HomeMy WebLinkAbout0087 ~rAUt~p~1 M11UM1~~. thact if said Jlfortgacgor shctlt pay icnto tha said .hfort~agc~e
the certain promissarr~ note, vf wleich the followin.~ in words and fl,~'r~res is a trcce cop~,
to tuit:
+ - ,
s
_ 11,.000.00 No .
:
~ ' M~Ibourr?~. FloNds - ;
• 19..~
~ ~
For Valus Received, i. We, jointly and severally. Promise to pay to th~ order of:....-•--•• ~
--F.'THRIDGE M~...~~...~t~.ld..~'~#~~~x.A~..~A,.._..R19?Y....bis..~if.e:. ~
. r
. ~
g~ Route 2, Box 237B, Sebastian, Florida 32958 ;
: ~ ~ ~ ac --E~en ' Thousand and no .100-- Dotu.s
~ ~ oc . the sum of ;
o m -
p ; t
d
j<~ ir~ .._.y_ installments of each ~.T~~.~.~ interest _
._._nthl ; ns3 ;
.
3 ~
p"? at the rate of 9-•---•-• Per cent per annum, tommencing on the lSt daY of A~t 1.......... 19 , A
~
and on the same date of each wcceuive month thereafter w~til paid. ~
Now should k beoane nacessarY fo coikct this note tMaqh an aNornw. sither of us w~+s~ ond opree to vafr otl aosf of ~
collection. ir~ckdin0 a reosonobk ottane~s iee ~rhether meker, e~doae~ or su?etY. Tht dro~ren ond endorsers savuolly woM
presentment for poyment, protest ond notice o~ protest for ron-poymu~t of fhia roh, ond if defoult in paveeent occurs, oll poy- ~
ments ~wY Ae accelercted ot the oDtion of the holders. '
Th+s note h~rwde o Do?t of o ce+tou? mort~a4e execvbd on th~ aane dot~. ond is wDM~t to tM ooverwnts ard oblipotio~u
. .therein conloined.
~ s/ Cary W. Murrell -
~ _..15ea~t
_ ~ ~ ~
t
~txEO ~ ~p s/ Diane Murrel l
or~stw~ ~
~ ~
and shall perfo~m, co~nplJ witla and abide by e~c)t and euerrJ the sLipulations,
agreements, conditions c~nd covencznts of said promissory note and of this deed, then .
this deed and tli,e estate hereby created shalt cease and be null and void.
'j ,~ri~t the sacid .~Iort~c~~'or hereby covenants acnd a~rees:
~
~ .1. To pay all and sin~ular the principal arui interest and ot.he,r sums oj moneJ
~ payable by airtue of said promissnrrJ note, a»d this dee.d, or eitlter, pronaptlJ on the
~ da~s respectivel.J the sa~ne seuerallJ come due.
~ Q. To paJ all. a~td sin-~SUlar the taxes, assessments, levies, liabilities, obli~ati.ons
~ and encumbrances oj everrJ natrcre on said described propertJ ear:h an{l everJ, and
if the same be not pro~nptly paid the sa.id .JKort~a~see mdy c~t any tirrce pay the same
without waivin~ or affecting the option to foreclose or cany right hereunder, and everrJ
pmyment so ma,de shall bear interest from the date thereof act the rate of 9
per cent. per dnnum.
To pay all and singular the costs, char~ec: an~l expenses, i~acludin~ IawJe~'s
fees, recrsona,bly incurred or paid at c~ny tim,e by sczid .hfort~c~gee beeazi.se of the_ failure
on the part of the said .h~ort~a~or to perform, eompty with and abide by each and
every the stipulations, cagreements, conditions and covenants of said pr~rraz~ssorr~ note
acnd tjais deed, or either, acnd every such payment shall bear interest from date at the
rate of - 9 per cent. per annum. ~
~
~ To keep the buildin~ n-ow or laereafter on saicl land insnrecl in a sr~nt not
~ less than $11, 000. 00--
Dollars, in a contpanJ or co~npa~ties to ~
~ be approved by sacid JFiortga~ee, and ~he polic~ or poli,ci,es held by and paya,ble to sdid
.1Kortgccgee, and in the event any sum of money becomes payable under sueh policy or
~ polici,es, the .1Kort~sa~see slucll haUe the opti,on to receive and apply the same on aeeount
~ of the indebtedness hereby secured or to permit the .Mort~a~or t~o receive and use it, or
- any pc~rt thereof, for other purposes, without thereby wdivin~' or im.pairin~ any equity
~ lien or ri~ht under or by virtue of thi,s mortga~e, dnd may pla.ce and ~vccy for such
inaurance or any part thereof, without waiving or af~eeting the option to foreclose or
. any ri~ht hereunder, and ea,ch and every such p~zym,ent shalt bear interest from date
~ at the rate of 8~ per een~. per annurrc.
~
~ E::~ 2~5 rac~ 8~
- _
t
~ ~
: ~ ~ _ ' ~
~
. _ ~ F_, w~'~-~~"~~~~ _