HomeMy WebLinkAbout0980 PROVIDED ALWAYS, that if said Mortgaqors, their heirs,
legal representatives or assigns, shall pay unto the said ~
Mortgagee, its successors, legal representatives or assigns,
the certain promissory note, of which the following in words
and figures is a true copy, to wit:
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'.1 R MOATaAOt NV (t ww~wr.v ~ v..... {
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' i7000.00 EXHIBIT "A" - Ft. Pierce . Florida ;
Apr i 1 9 ~ ~97 5
~ FOR VALUE RECEIVED~ the unde»igned~ (jointly and xversll;~ if more than one) promises to pay to
NEW LIFE MINISTRIES, INC., a Florida corporation, not for profit
• , or order. in the manner hereina(ter specified,
eb~ ~„cipa~ ,~m ot ' SEVEN THOUSAND AND NO /100 DOLLARS
,(j 7~ ~Q~ . 00 j witL intenit tronn date at the tate ot 8 j~2 p~~ unt. per annum on the balance (rom ~i~~~~ to ~imr rcniaining uopaid.
'i'he uid p~iocipal aod intereit thall be payable in law[ul mooey of tl~ jJ~ited Stata o[ America at 222 Tia~pooehee Ave.
ndian Harbour, Fla. or at such place as may herea(ter be de~igoated br written ootice (rom the holder w the maker hereof~ on
the date aod in the manner foUowiag:
Six months after the date hereof a payment of principal and interest
totalling EIGHT HUNDRED SEVENTY THREE DOLLARS AND 8$/CENTS ($873.88),
and thereafter equal semi-annual payments of priricipal and interest ;
totalling EIGHT HUNDRED SEVENTY THREE DOLLARS AND 88/CENTS ($873.88)
until the said principal sum is fully paid.
So long as this Note and the Purchase Money Mortgage which sc~cures
it are~in good standing, this Alote may be prepaid at any time,in
whole or in part, without penalty.
~ Thii note with intcrcst' is secured by a mortgaRc on rcal estate~ o[ even date hercwith~ made by ehe maker hereo[ in favor o~ the said
~ payee, ~nd a6a11 be cotutrued and en(orced according to the law~ of the State of Flotida. 'The ternu ot uid mortgage are by thit reterencc
~ madt a part hercot•
~ II detault be made in the piy-meat o[ any o[ the sums or interest mentioned hcnin or in said mortgage, or in the pertormance of
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any of the agrecmenu contained herein or in sa~d mortgage, then the entire principal sum and acuued inte~cst shall at the option of the
holder hereo[ become at once due and rnllectible without notice, time being o[ the essence; and aaid principal sum and accrued intere~t
~hall both bear intetest (rom such tune until paid at the highat nte allowable under the lawt of the State o[ Florida. Failure to exercite
chi~ option ihall not comtitute a waiver of the rig6t to e:ercise the same in the event ot anr sub~equent de(ault.
Each person liable hereon whether maEer or endorser, hereby waives presentment, protut~ notice, notice o( protest and notice ot dis-
€ honor and agrees to pay all cosu~ including a reasonable attorney's (ee~ whether suit be brought or not, it~ a(ter matunty o( this note or default
henunder, or under said mortgage~ eounsel shali be empbyed to eollect this aote or to protect the ~ecurity o[ said mortgage.
Nhenever used herein the temu "hoWei'~ "makei' and "payee" sha11 be con+tn?ed in the singulu or plural a~ the context may
require or admit.
Maker s Address .S~..__.. Al1e~UStlri@ J. CrOCCO___________________________~SEAL)
Augustine J. Crocco, Trustee _
Route 2 , Box 1142-B .._.(SEAL) `
Fort Pierce, FL 33450 j~tillia:a Crocc~
.Sf -(SEAL)
~ .William Crocco, Trustee
, ( SEAL )
~ _ . -T-
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; and shall perform, comply with and abide by each and every the
stipulations, agreements, conditions and covenants of said
r~ promissory note and of this deed, then this deed and the estate
~ hereby created shall cease and be null and void. ~
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