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Home My WebLink About2372 ~rpqtdp~ ~jlU~i1J~. that if said Jlfort~a~or shatl pa~ unto the said Jlllort~a~ee the certa,in prnmissory no~e, of which the followtn~' in words and ~it~ures is a true cop~, to wit: yc~,500.00 Saptembe~ 15,-1975 ~ , _ . , FOR V11LUE RECEIVED, the undersig~ed,'Jointly and severaily, pranise to pay to the order ofi MARJOR t E PAR 1 S, a s T ng I e woman, E t ght Thousand F i ve Hu~dreti !~~-s a~d `no/100 ~58,500.00) at 16 East Aqua Ra ~~tve, Jensen Beach, Flortda 33457 or such other piace as the holder hereof may destgnate tn x~ittng together wtth interest from September 15, 1975:at the ~ate of ten (10x) pe~ centum pe~ annum on the un- paid balance until mr~turity. The said principai and interest shall be due and payable as follows: 5180.60 per nbnth, the first payment being due one month from date and continue ~ each month thereafter unti! patd !n full= This amounfi of 5180.60~paid eacb ~ m~nth, shali ftrst be°credited to interest and the remainder to the principal of this obligatton. This note may be p~epatd at any time the makers desire without penalty. If default be made for 30 days i~ the payment of any installment of principal or inte~est or a~y part thereof, the whole sum then remaining unpaid with interest shali at hotder's option become due and payable without~notice. Failure to exe~cise such option shall not constitute a waiver of the right to exercise the same in the event of subsequent default. After maturity both princip~l and accrued tnte~est - shail bear interest at 10 p~r centum per annum until paid. The makers and endorsers of this note further waive de+nand, notice of non=payment-and protest. If this note is not paid at maturity and the same is placed with an attorney for coilection, the makers and endorsers hereof agree to pay all costs of collection, including all court costs and reasonable attorneys fees. - ~ J L~ ~s/ i / $EAL) _ EDWARD GREGG, JR.- ~a~ r C~ (SEAL) ~ ^ FRANCES E. GREGG anc~ shall perfoim, comply with and abide by~ each and euery the s~ipulations, agreements, conditi,ons and coaerucnts of said pro~nissory note dred of thi~s deed, then this deed and the esta.te hereby creccted shalt cea~se acnd be null ccnd void. ,s~~ the said Mort~a~or hereby covenants dnd cc~'rees: j .1. To pay a1t and sin~ular the prineLpal ancl interest and other sums oj money ! payable by virtue of said pro~nissorJ note and this deed. or either, prompttJ on the ~ days respectively the same severally come due. ~ ~ To paJ all and singular the taxes, assessments, levies, liabilities, obtigations and encurrtbrances oj every nature on said described property ear.h and every, and ~ if the sam,e be not prnr~tptly ~vctid the sa,id .M'ortgcc~ee m,cty at any tirn,e pay the sacme uritlwut waivin~ or dffectin~' the option to foreclose or ccny right hereunder, and every ~ pacyment so made sluilt bear interest from the date thereof at the raate of Ten (10) per cent. per annurra. ~ ~'o pay all and sin~ular the costs, charges arui expenses, including lawyer's ~ fees, reasona,bly incurred or pcaid at ccny time by said .1Kortgdgee because of the fcailure ~ on the part of the said JKort~ci~'or to perfor~n, compty with and abide by each and every the stipula~ti,ons, ct~'reements, conditions and covenc~nts of said prurrtissory note ~ and thi.s deed, or either, and every such payinent shall bectr interest from date at the ~ rate of ten (10 ) per cent. per annurn. ~ _ To keep the buildin~s now or hereajter on said land insr~red in a sum not g less than Maximum ~ Dollars, in a company or corrtpanies to ~ be c~pproved by said .Mort~agee, and ~he policy or polici,es held by and ~vayacble to sdid ~ .1Kort~SQ~ee, and in the event any sum of money becomes payable under such policy or ~ polici,es, the .1Kortgagee shdll lutae the option to receive and cipply the sam,e on account ~ of the indebtedness hereby secured or to permit the .JKort~agor to receive and use it, or ~ any part thereof, for other purposes, without thereby wcttvin~ or irrapcr.irin~ any equity lien or right under or by uirtue of this mortgage, and may pla,ce dnd pcay for such ~ insurcLnce or any part thereof, without wo,ivin~ or ccff'ectin~ the option to foreclose or ~ mny right hereunder, and ectch and every such pa,ym,ent sluLll beu.r interest frorrz date n,t the rate of ten (10) per cen~. per dnnu~n. Boox ~43 PacE2372 ~ ~ ~ ~ - ~ ~ ,u, ~=9 w~~ - . _ ~ ~:~w: