HomeMy WebLinkAbout2487 t ; •
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~rOUldP~1 ~lU~l~ii, that if said Mortgagor shall pal/ unto the said Mortgagee
the certain prvniissory note, of tvl~tch ilea folloa~taig in wt?rds axd figures to a true copy,
fo,
No =_7, 700.00 .
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_ port Pierce , >~t.~Rlnn, February _ _ _ _ 7~
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Fa value received, 1 or we, jointly and scvcra~~e~~yt:~ 1,1y to the ordre of NED H . EDEN , Jjt , ;
~ and VIRGINIA COOLEY EDEN,/a/k/a VIRGINIA T. COOLEY, his wife
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__1''oxt .Pierce F•t.~)Rtn:~
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.~e_tien._Thousand_~even_HundrEd_and no/100--------($7.700.00------t)t)I.I.:~ks
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at 502 .Ulrich. Road, Fort Pierce , F!„r;,l,, ;n 180 ,,,ontl?ly i,,~ta;!„„•„~~ ~t
s___28~LQ___~_ each, and one instalhm•nt of S 77.67 the tint insudlo,~nt to berun,e dur and p:,~•.,1?le nn
ur Imtore the 4th __d:,y ~t _ March i~79 :+n,l ,nu• i,n,.tlbnent to Iw•<<„n+• dur :u,tl i,n;.,l?le u„
. includizag
or betoee the 4th day of each succeediuK nNa,th until the s~~lnde u! said iudi•btrtLu~s is paid,~t~ n,te•rest _
tmr,~_~ d~Bte - • ~t the talc of ~ per aunuu,.$~ g~ default o0[1tillUe3 for 15 days
~It any instailtnent of this note is not paid at th,~ tiuK .+nd l,l.+rr slHYifiedJthr eMi„- .uu,nuu u„I,.,i,l ,h:,ll ix•
dur and payable at the clc,-tion of the holder hrn•nt. All 1~.1rti+•s here,.,, whe+hrr makers, rn,i~.,.••,c, sun•+ie:, ••u.:,-.un„r:,
ur otherwise, hereby waive ckmand, notice and prut:~t. 1t p~icr m the hajijs of au attu,n~ k iur +ull:Y ti„u, ,~e juinth~
and srvenlly a tee to pa reas~~nablc attorney's fc+•s. • il1C t>~I1~ appe to plneeedir)gs
• Each instalment fyirst Shall be applied in payment of the interest and then on the
unpaid balatloe of the principal Stan.
' 1Ytis note may be prepaid in whole or in part at any time without penalty.
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Addn~.c - ~
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` 7'elepttunc No. r S1;r11.)
NANCY R. BREDEMEYBR
and shall perjo~m, comply with and abide. by eieh and every the stipulations,
agreements, conditions and eovenanta of said promissory note and of this deed, then
this deed and the estate hereby created shall cease and be null and void.
.~tt~1 the said Mortgagor hereby covenants and agrees:
.1. To- pay all and singular th-e principal and interest and other sums of money
payable by virtue of said prom.issorJ note and this deed, or either, promptly un the
days respectively the same severally come due.
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Q. To pay all anti singular tlae taxes, assessments, letries, liahilities, obligations
and encumbrances of every nature on said described property each and every, and
if the same be not promptly paid the said Mortgagee may at any time pay the same
without waiving or affecting the option to foreclose or any right hereunder, and every
pacyment ao made shall bear interest from the date thereof at the rate of 97.
per cent. per annum.
J. 7'o pay all and singular the costs, ehargp4 and expenses. including lawye'r's
fees, reasonably incurred or paid at any time by said Mortgagee because of the failure
on the part of the said Mortgagor to perform, comply uzth and abide by each and
every the stipulations, agreements, conditions and covenants of said prumtssory note
.and this deed, or either, and every such payment shalt bear interest from date at the
rate of 99. per cent. per annum.
~ To keep the building now or hereafter on said land insured in a sum not
' less than highest insurable value
Dollars, in ~a company or companies to
be approved by said .Mortgagee, and the policy or policies held by and payable to said
.Mortgagee, and in the event any sum of money becomes payable under such policy or
policies, the Mortgagee shall have the option to receive and uppty the same on account
of the indebtedness hereby secured or to permit the Mortgagor to receive and use it, or
any part, thereof, for other purposes, wi',hout thereby waiving or impairing any equity
~ lien or right under or by virtue of this mortgage, and mciy place and pay for such
insurance or any part thereof, without waiving or af)`'ecting the option to foreclose or
any right hereunder, and each and every Such payment shall bear interest from date
~ at the rate of 9~ per cent. per annum.
SGCK
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