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HomeMy WebLinkAbout0515 . 'T . , , -•1 r ~ 1 ~Q ~t !ti~ same, fo{~ether wllti Itit ft~~ments, hr~~lfpn~enis an~ appwls- nAnns I~e?efo ;6~Ionplno, an~ Ih~ rents. ~ssuea nnd p?o~ifs theno(. unlo Iht mo?tgagee, in ~se ~impl~. ~ ll~~~mo?fgago' coi~enants witti th~ mortgage~ Itiaf fhe mortgngor ~s indejeastb~y spized o) aa1ol ! ~and !n ~ve slm~p~~: tl~at Ih~ morlgagor hus good riA~t .anc~ ~nw~u~ autho?ily to convey_ ~atd land os aforo- seie~: tl~at Il~e mortga9o? will ma~~ :uch ju~fi~e~ es~ururtcea to per~ec! 11~e (e~ ~imp~e til~~ to satd land in t1~~ mortgage~ us ~rtay ?ensona6ly 6~ roquind: tRnt tl~~ rr~oNgagor I~vreby ~ullr warrnnts tkt Ntls to sald lond nnd u?ill de%nd t1~e sam~ agninst tf~• law~ut clatma o~ all penona wl~omaosver oncl Il~af satd la~d ti Jro~ and clear of all encum6ronces _ V~. ~W~s~ l1~at If snid mwtgagor ihall pay unto taid mortgagee t~e ceNnin promii- =ory note hereina~ler suhatnntia~~y copied or ic~enlified, to-wit: ~ti V ~ ~ FLOI'.IDA AI~:CRAI~`T F~D~1~1L CREDIT ~"i`TIOi~' Ctock No.~. ~-~.,~Q...~ July 25~ _ 1978_-- For vafue received, 1/WE jointly and severol?y, prom~se to pay to Florida Aircraft Federal Credit Union, or order the sum of Four Thousand Four Hundre~d and 00 / 104 dollars ~ wish inferest on unpaid baiance at the rate of per ~ payabie in 12~_____________ monthly instailments of I ' Fift Seven and I .---y----------. -w_-~ -/100 doliars i incl~ding interest; the first payment to be made on ____~lugc~st 25, 1978 ~ and a like amount ~ ~ every month thereafter uniit the full amount has been paid. ~ - Collateral:___._ T~~ note is secured by a First Mortga~e_ of even date.~~ ~n u~~ of ~ny d~f~uft ie p~ym~nu ~s her~i~ ~pr~~d tM ~nr~~~ bal~oc~ of this not~ ~h~li Mcom~ imrmdl~t~ly dw ~nd p~y~bl~. ~t tM option ot tM hold~r. Each party to ~his not~, wMti»r N m+k~r, ~ndorw~ o~ yu~r~roor a~wr~lly w~iw~ pr~s~mm~nt fw paym~M, d~m~ed. proteq w?d i+otiu of pro~~st ~nd dcr hono? on ti+~ ~arn~. tr is further ~greed by each party he~eto, Iha1 in case p~ymenb shall no/ b~ mad~ ~t m~twity, h~ sMl{ p~y r~awn~bt~ cwu of eolbction, ie+c?udinp r~~wn- •oi~ ~tlan~y's f~e, but ~uch charpts in no svent to b~ leis than 510. ~/WE, the ~ndercgrud do hereby pledg~ ~{I paid shares and psymenu on ~hares whith 1/WE. h~v~ now or her~afier may have in this Gedit Union ss secur- ~ry fo? ~h~s loan and do fwther pkdge, assg~, u~n~(er aod set over any salar~e~ end/w comrnisiwns fran Un~ted A~ru~ft Cupw~t~on. Pratt and Whitner A~rcraf~ O+vis~on, Florida R~~earch +na ~~v~~o~men: Cenrer, w subsequent ~mptoyer wh~ch have or m~y ~ccrue to my/ow atdit security for th~a loan, ~no ~ne fiwids Aircraft Fsderal Credit Union is hereby author~:ed to y~v~ ~uch notice lo ~a~d empbytr ~s may bt n~t~usry b m~k~ thi~ a~sionment opasnv~ This piedqe ~nd ~aiyRm~nt is pive~ to secw~ th~ psyment of th~s ba~ ~nd intatit and cost~ th~t may aww tMr~on. ~nd 1/WE, Mr~by ~uthora~ 1M T.eaaurer to ~P,~IY any w~11 ~uch paid sha~s and p~yments o~ shsrsa ro tM payrernt of s~id b~n ~nd i+~t~r~~t ewu. 1/WE her~by ay~~e ttut Ihe fbrida A~nra(t iedt~al G~dit Unan may •Ibw ~har~ wifhdrawals by My pu~7es MrHO ~t ft~ difv~tion. W• acknowledy~ notiu that ths Cr~dit Union provid~s, wbjoct to normal poliry provisiw~s, s msximum ot =5,000.00 in death a~d permansnt d~sability MMiits to sny on~ individual royardlsss of ih~ ~umbor ot Iwns irnolwd. I furth~r aprN ihat th~ Crsdit Union h~s the riyht to ~pply any ~nsura~es proc~eds to my aaou~t~ in whater~r ma~n~r it may ehoos~ should my total ind~btir~ ~xeNd 55,000.00 ~t ths tim~ of my duth or disabitity. 1 further u~rstsnd that in ttu ~v~nt mor~ thao 1 loan ucists appiiution of insurana p?oea~ds will M m~d~ in tM m~nMr dNm~d to b~ in ~ th~ b~st iotKat of uwriny ord~rly liquidation of ~II loant. - It is und~rstood ~nd sprwd by and b~twNn tM makw, eom~kar, and Florids Awa~h F~d~ral Cndit Union th~t endit lii~ inwr~na. ~s provid~d by ~ tM Flaids Aucnh F~d~ral G~dit Union, is O~ovid~d at tM ~xp~nM of ~nd foldy ~t th~.di~et~tion d tha ondit ~nbn and th~t k mt~/ b~ twmitwt~d ~ by tM ~r~dit wfion vinthout furthK notia w yow . . ~ Signature of Maker and Comakers - ~oa~~91 F~ - 515 Dan 1 S~ Halfua~ (Seaq Daniel S. Halfpap "Florida documentary stamps required by law in the _ ~~a~~ amount of =f~.69 are affixeG to monthly journal and cancelled:' _ (Seai) , i f ~ ~ ~s . , - - - - - - ~ - _ - - - _ ~~t;~r z " .ka y: .a. ~"~7~ ~ ~s~7"~, ~ - ~ ~`~a ~ .