HomeMy WebLinkAbout0903 of the holder= and in the event def~ult is made in the prompt pay- ~
ment of this note when due or decl~red due, and the same ia placed ;
in the hands of an attorney for collection, or suit is brought
on same, or the sune is collected through Probate, Hankruptcy or
other judicial proceedings, then the mt~kers agree and promise to
pay ten percent (10$) additional on the amount of principal and
interest then owing, as attorney's fees.
Each maker, surety and endorser of this note expressly waives all
notices, demands for payment, preaenta~ions for payn?ent, notices
of intention to accelerate the maturity, protest and notice of
protest, as to this note and as to each, every and all installments
hereof.
Payment hereof is secured by a mortqage of even date herewith,
executed by the maker hereof to Metro Equities, Inc., Mortgaqee,
upon the following described real property in~St. Lucie County, Florida,
to-wit:
34 35 40 (1.97 acres) Northeast 1/4 of Northeast
1/4 of Southwest 1/4 South of Platts Creek-less: :
BEGINNING at the Southeast corner of said parcel ~ ~
running West to West right-of-way of U.S. No. 1, ~
THENCE continuinq West 260 ft., TAENCE North 198.42
ft., THSNCE Southeaaterly 261.89 ft., to West ~
right-of-way U.S. No. 1, THENCE South 163.95 ft., ?
to point of beginnin g(17).
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W. S. DUBOSE, INC. _
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By/S/ W. S. DuBose ~
W. S. DuBose, President {
I 1. To make all payments required by that note and this
; mortgage,promptly when due. , ~
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2. To pay all taxes, assessments, liens and encumbrances 3
on that property promptly when due. If they are not promptly paid,
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the Mortgagee may pay them without waiving the option to foreclose,
and such payments, with interest thereon from the date of payment at
the same rate as specified in that note, shall also be secured by
this mortqage.
3. - To keep all buildings now or hereafter on that land
' insured against damage by fire and liqhtning in the sum secured by
I this mortgage, by an insuror satisfactory to the Mortgagee, the
insurance policy to ~e held by and payable to the Mortgagee. If the
Mortgagor shall noi: do so, the Mortgaqee may do so without waiving
.the option to foreclose and the cost thereof with interest thereon
from the date of payment at the same rate as specified in that note,
shall also t,e secured by this mortgage. If any sum becomes payable
under suct_ policy, the Mortgagee may apply it to the indebtedness
secured ~y tfiis mortgaqe, or may permit the Mortqagor to use it for
other purp~ses, without impairing the lien of this mortage.
4. To commit, permit or suffer no waste, impairment or _
deterioration of the mortgaged property.
5. To pay all expenses reasonably incurred by the
Mortqagee because of failure of the Mortgagor to comply with the
agreements in that note or this mortgage, includinq appellate costs '
and reasonable attorney's fees. The cost thereof, with interest `
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