HomeMy WebLinkAbout0341 ~rD~P~ ~11U~13~. fhaf iJ' ~~t~~! .~turt~'~t;nr .Y/tttll lxt~/ it~~t~~ I/~r •~ti~! .41~~r1 ~n,+~.~•
, t/iP eertazn nroniisa~or;/ notP, of u?h~cir the folla~•~~er er~ rrorrix an~l ~i~~~~•~~.+ ix u Jr~~~• r~,~~~~.
• tu wit:
s 435, OO~J. 00 . Ft. Pierce ~,«,d, June 1. .19 77
.
FOR VAIUf RECEIVE~ rM undn~;~e~d p,o,,,;~s ~o pay to 11» wd~. of
JOSEPH 1. LACH and ~IARY Ain~ LACH, his wife
pf.~~.~, s~~ ~ k'our .~~~dred thirty.-f
ive_...thousand and no/ 100--00~~,.~ ~s 435 . 000. 00
~opi,•~e. w,!ti imereii Ihereon han dab. s~ the ~a~e o~ nine (9) annum
.............DM trN. Pa . . un~~l rwtw•rr s~.._ ~~.rresl
c,,,, as set fort~,,~~elow
276 Bermuda~Beach Dr
bo^. a~~~u~~i a~a ~~~sresl bein9 paYab~e fawl~l money of etie U^•~ed S?a!es ~ s equrvaie~f, at
t Yierce, Fl a~~ ~nterest
_.sa~d pnrupa) wm o b~ paYabk o~ tM dal~s and in IM amounts sPK~L~d below. Io•w~~
Maker shall pay monthly payments of interest only of $3,262,50 commnencing
on the lst day of July. 1977, and a like sum monthly thereafter to and
t~~ in~~u$~ April 1. 1978,~p ~~~cer shall make a prineipal payment of not le~ae
$ • nor more than' ' on April 1. 1978. Makers shall make a monthly
. payment o pr nc pa an nterest coranencing on May 1, 1978, and monthly
~ thereafter. Monthly payments of principal and interest shall be amortized
` over a 25 year payout. Provided, however, the principal balance p2us ac-
: crued interest then due shall balloon and become due and payable 18 years
~ from the date hereof.
; Thia not may be prepaid in xhole or ia part xittiout penalty
Z
' Each nwlev and rndo.sa s~rerallr ws~~n d~msnd. D~o~~s~ a~d ne!~ce ol matwdy, ~on-pay~n~ or prol~sl and ad r*quir~n»nts n~cessary lo hold ~+xA d
E Ihem Labk as r+~a~e~s an~ e~dorsers
= Each nutr and endrser (wrlrN a9ress ~anN„ s+d seve~a~lv. !c eay att -~s?s ef ~o~~actron~~~clud:R9 a rsssonabl~ sttorewy's f~e ~n cau ~he C~~^uoa~ 01
- rh~i no~e or e~r pa.n+enr o.. fti~ pinupal w an~ .~re•~st therEOn ~s C~•d a' ~`e respKbv~ matwdy fhereot, w~n cass ~f becomes nec~ssarti ~o a•~trc~ ~tie
t.cw~ty tierecj. •.c~llher sw1 be baghl a no? 9
Thn nore ana deferred mterest rmen~i s?~at: cear ~nre.est a~ the ra~e ot per cen~, per annwn from marwiry c~e,l ~a~d
Th~s nore +s :ecured ~y aWM~Ma1l!~!mort9age oF even date herew:~!~ a~d ~s ro be construed and eniwced accord+n9 lo +~e ~aws ol the S~a~e o'
wu~ dela,,lt ~he p~vmeoe ol pnnc~pat andia ~nte~~s1 due on anr ~ote secured br ~d Mw~~a~e. all notes so secur.d a~d .e++am~nq a~p.~~d s~a~~ 'o••r.
heccTe duP artd paYable notwifhslandin9 1!?!ir ttno~ C/1~~Rn.+DfQATpL~ ~T ry~p/~DA~ry~T OZ+ L~;~. DTL+a!'~T
aAJ lI]G[\i~t~.Li\G "-A/ i •\NL\C ViH~ Vl'1 l r 1 r 1.C~i\AaG
_ . ' x
BY ~cc;i Jr ~ . kf • . .
.
~Iartha J_ Beyer, Presi t
, and shall perfor»t, eompl e~~
ts o s~ romisso~yn
ote andf of thipst ~ ed, tfien~this
ments, conditaons a~id cou f
~ deed and t/i,e estate hereby created sluill cease and be null ar~d uoid.
i
~ ~ri~ th,e said Mort~a~or hereby couena~ats and agrees: •
~ 1. To pay all anc~ singeelar the principal nnd interest and other sums of money
~yctble by virtu,e of said prorrti,ssory note and tle.is deed, or eitfaer, promptlJ un the
days respeetively the same seuerall~ eome due.
liabilities, obligdtions
To pa~ alt and singular the taxes, assess~nents, levies,
and encumbrances of every nat«re on sRid clescribed propera~anclJt »u /xi
~ie samte
tl~ same be ~iot prorrtptly paid the saic~l .htortga~ee »tay y
withorct waivin~ or ajj'ectir~~ the optio?L to for•eclo~e or any a~~hehrate o~nine d e~~r
payment so made 8laall bear intere8t from t/ie date t/aereof . f
cent. per annurrc.
S. To pa~ all and sin~alar th.e costs, char~ec and e.rpe~tses, inclrcding lawye~'s ;
; fees, reasonuGly incurred or /xi.icl ut a~a~ ti.m~ I?~/s~~ic! .Aturfg~r~Pr b~c~tuse ot'thr farlure i
; oia the part of the said .hlortga-~~~' t~ perfurm, compl~~ wit/c and ubide by eaclc and
~ eaery the stipul,ctti,ong, conditions ccn~l covP~r~int~ uJ'sai~! pro»cisxnr~~ ~coteand tltis tleed, ~
or either, and every such pay~nent slucll Lear iiiterest f~•ona date ut t/ee rate of ~
~ nine per cent. per annu»L. '
~ To keep tlie buildings now vr herea~
jll(on;sand,la~ c~~~,
ye ri~ m~m~ o to be
~ than highest insurable va1ue
dpproved by said JKortga~'ee, a.nd t/r.e ~~olicr~ or polici,es held by and pa~able to said
,JKort~acgee, and in the euent unie t/r,~?o tion lu'r•ece v~e and
ap~ly th ~ume oi:~acco nt
polieies, the .~Iort~'a~ee shal.l !ut P
of the indebtedness hereby Fecrcre ~e8 without tl~ejreb~tuaivt~~ vr i»tPairin~ ait,r/ eqrcily
d~~ pa,rt thereof, for other pccrpo .
lien or rt~ltt under or b~ uirtue of this w~°iu~rr~ u~~~
ijI'ectin~ 1/re optio~hi~j
~?•~~i wS oh -
insurance or an~ part thc?•euf~ with.occt ~
any right liereunder, and euc% and everJ san~tuKm ~?teiat slurlf. lx~ar iiaterest fi~ur~~ d.~tle
~ t~ o
f nine per cent. per ~~~^A A~~
g~1(jl( di~ PAGf J
, T __,>~._...G..~-~:~