HomeMy WebLinkAbout0140 Plwvm~ A~.w~YS. tlut ii esid MortQaQora, sball pny unto the s~id Mort~s~ees. ths c~srtuta prnnaissory
note , oi which the toUoarln~ ia worda ~ud lf~ures is a true cop y . to wiL:
s 38, 000 ~ ~ ~ Fort Pi.erce~ ~orld.
Februai~y Y6~ ~q~7~
FOR VALUB RECBIVED. the underd~~ed. Uointly ~nd ~evec~lly, if more thsn one) proml~ to pay to the
Estate of HOWARD F. HOWF. ~ =
. or ader. in the manner hereinafter ~ectfkd.
, the p~inclpd am of Thirty-eight thous~nd------------------+--~~~00/cents pp~~
! ~s 38 ~ 000. ~QW~ ~terat fran d~te at tha nte of 8~ per cant, per aanum on ehe bdanoe fcom dme to tlme
rem~ining unpaid. 'The a1d Princip~! +u~d interat shall be psysbie in li~rflil money of the United States of Amedca at p•
BoX 329, DeLnnd, Florida ~ ~t such plsce u m~y hereaftec be designated by written noticx from the holde~
to the maker hereof, on the d~te and in the manner fdlowing:
$38,000 to be paid over a period of ten (10) yeara at
_8~58 interest in equal monthly inatallments of $471.15
(Four-hundred and seventy-one dollars and fifteen cente).
First nwnthlq payment to co~mmae~ce March 16, 1977.
1~ aote with interest u iecund by a mortgage on ced estate. of even date herowith. made by the maker heraof in fivor of tha ;
~Id payee. and shall be conitrued and enforced according to the laws of the Sate of Ftori~. The terms of said enortgage are by tWt ~
's
refenna made a put hereof. _ i
!i defiutt be made in the payment of any of the sums or lnterest menttoned herein or in sald mortg,agie. or in the perfonnance of
any of the:gcaements contained heroin or in said mortgage. then the entire pdnc~pal sum and ~ccrued interast shdt atthe optlon of the
holder hereof become at once due and cdlectlble without nodce. time bei~g of the essence; and said Qrincep~l sum and pccrued ~
Intcn:t shdl both bear i~tereat from wch time untit paid at the highest nte ~llowable under the laws of the State of Flodda
~ Failure {
to exercise this optian ahall not constltute a waiver of the cight to exercise the same in the event of any subsequc~tt detault (
F.ach pcrson liable heraon whether maker or endorser, hereby wdves prcsentment, protest. notice. nohce of protest and nolice of }
dishono~ and agrees to pay aU costs, including a rcasonable attomey'a tee~ whether suit be broug~t or not. if, sfter maturiry of this ~
note a detault hercundsr. or under said mortgage~ counsel sh~ll be employed to colfect this note or to protect the secudty ot said ~
matgage. ~ _
Wtunever used henin the terms "holder". "maker" and "payee" shall be construed in the s~ngular or plural as the context may i
require or admit.
Maker's Addtess ~ g~ Wlj,i,IE COE
Documentary stamps in the amount of (SEAL)
$57.00 attached to original and canceled. s R COE (SEAL)
(SEAL)
~~n~~ ~e~ M~1RT(;AGF Nl1TE
sn~d aball perform, canp~j? with and abide by euch and every the atipulationa, sgreemente, conditiona snd
oovensnta o! said pramiaeory note and o~ tbie desd, then this deed and the eatAte hereby crested ahall oea~e
and be null and void.
Arm t6e said Mortgagora for themselve~ sad their heirs. legal representativea snd sasig~ns. bereby cove-
nant and agree :
1. To pay all and singular the principal and interest and other aums oi money payable by virtue af eaid
~ promissory note and this deed, or either, prompt~jr on the daya reepective~y the same severally come due.
To perform. comp~y with and abide by each and eveiy the atipulations, agreements, conditiona and oovensnte .
~ in said promissory note and in this deed set forth. _
~ 2. To pay all and singular before they become delinquent, the tazes. asaesaments, levies, liabilities, ob-
~ Ugations and encumbrancea of every nature an eaid described prnperty each and every. and if the same be _
not prnmptly paid the said Mortgageea msy at any time paq the same without waiving or affect~ng the
~ option to forecloae ar any right hereunder, and everY payment so made ahall bear intps+est irom the date
thereoi at the rate of g~ per cent per snnum.
8. To pay sll and singulsr the coata, chargea avd eupenses, includiag lawyer's feea, reasonably incurred
or paid at aqy time by said Mortgageea because oi the tailnre on the pert oi the aaid Mortgagora to perform,
comply with and sbide bq each and every the atipnlations, sgreements, conditions and covenants of said
promisaory note and tbis deed, or either, and every such payment shall besr intereat frnm date thereoi
at the rate of 8~ per cent per aanum.
4. To keep the building now or hereafter on aaid land insured in a sum not lesa than Forty-
thousand dollars ($40,000)
Doltars. in s company or companie$ to be approved by said Mortgagees, and the policy or policiea. held by
and payable Lo said Mort,gageea, and in the event any aum of money becomes payable under suc~~~policy or
policies, the Mortg~gcea, ahall have the option to raceive and applq the same on acxount of the indebtednesa
herebq secured or to permit the Mortgagore ~o receive and use it, or any part thereof, for other purpoees,
wit~out thereby waiving or impairing any equity lien or right under or by virtve o! thia mortgage, and may
plsce and pay for such inaurance or any psrt thereoi withont waiving or affecting the option to torecloee or
u~? right hereunder, and each and every such payment ahall bear intercat from date o! payment at the rate
~f 8~ per cent pet snawn.
6. To permit, commit or auSer no ~raste, imp~irment or deteriaration oi aaid property or any psrt
thereoi.
- ! P e ~ ~?U~ PACE 1e~