HomeMy WebLinkAbout0289 TO HAV6 AND TO HOLD the same, together with all and singular the tene-
ments, hered~itaments and appurtenanccs thcreunto belonging, or in stnywise appertainitig,
and the reversion and reversiona, rcmaindcr and remainders, rents, isaues and profia there•
of, and alao all the eatate, right, titl~e, intereat, property, pos:ession, claim and d~mand
whatsoever, as w?ell in law as in equity, of the aaid Morcgagor s in and to the same, and
every parc aad parcel ch~reof, uato the said Mortgagee in fee simple.
AND the said Mortgagor s do hereby fully warrant the dde co said land and
every part thereof and will defend the aazne against thc lawful claims of all persons ~4~t~d~f
claiming by, through or under them.
PROVIDSD ALWAYS, That if said Mortgagor s shaU,/p~~ ueito t~e aai~~ort-
gagec the certain promissory notcs of which thc following are substantial copies ,
to wit:
=235,000.00 July .2 ~ , 197t •
Pal~ Beach, Florida .
~ t-
FOR VALUE RECEIVED, I promise to pay to B1lNK OF p]1I,M gFJ?CH AND
TRUST CONPAlIY, or order, the sum of 'rii0 HUNDRED TtiIRTY-FIVE THOUSAND and
No/100ths OOLLARS (S235,000.00) in the folla+ing installme~ts, payable dn
the folloving dates: •
- i~renty-three thousard five hundred and No/100ths Dollars
(523.500.00) on the lst day o~ 1?ugust, 1979, and a like
sw on the corresponding date of each year thereafter to ~
and including 1lugust 1, 1988,
and to pay interest on the unpaid part of the principal hereof froa the
daie hereof at the rate of nine per centue (9~) per annuc~, payable on the
lat day of November, 1978,. and quarterly ~heYeafter. Thc principal hereof
and interest hereon a~e payable at the banking office of the eank of Pale
Beach and Trust Co~+pany, Palm Beach, Florida.
, ;
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Pay~er?ts of principal, in rhole or in part, may be awde in
~ advance of maturity at any time without penalty. At the tiiee each such
~ advance payment of principal.is ~aade, there shall also be paid the interest
~ then accrued on the aewunt so paid. '
s In the event of the continuation of any default in the payuent
~ of any i~stallment ot tRe principal hereof or interes.t hereon for a
' pcriod of thirty days, the holder hereof may elect to declare and declare
~ the entire unpaid amount hereof and the interest then accrued, ie.mediately
9 due and payable.
~
The maker and all endorsers of lhis note waive demand, present-
~ eent, notice of non-payment, dishonor, and protest, and agree in case
suit shall De brought for the collection hereof, or it is necessary to
~ place ihe same-in the hands of an attorney for collection, to pay reason-
able attorney's fees foz eeakinq such collection. Deferred interest pay-
~ ~ eents shall bear interest froa ioaturity at the aforesaid zate. ~
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~ (See also notes attached on page 4.)
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and shall perform, coatply with and abide by each and every the stipulations, agreements,
conditions and covenants of said promissory note and of this dced, then this deed and
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the estate hereby created shall ceau and be null and void.
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