HomeMy WebLinkAbout2948 ~rDUt~pd U1111tt~H. that if said .1lfortpagor shall pay unto the said Jlfort~a~ee
the certain prnn~ibaory note, of w/rich the fotlowtn~ in worcla and tlgr~res is a trecc copy,
jw yri~.
1 500.00 Fort Pierce. F~urida February 2119
S .
H't)R VAt,UF. Ri<;t`F.tYEi?. the under:riRned. jointly and ae~•erally, promir~e to pay to the
nrdcr of _ _Marvin Rucks_ - _
Route 3 Box_ 469_. at .Fort.~3Erre,~lnrida~ ~ -
. lhr principal Kum of ONE THOUSAND FIVE_HUNDItED &_no11Q9_ DOLLARS, with ~
interest at the rate of _ ten per cent per annum from _ _ until ~ ;
Maid, in installments as follows:
Monthly installments as follows: $200.00 on the 21st day of
March. 1979 and a like sum on the corresponding day of each ~
like succeeding period thereafter until the whole be fully
paid. Each installment shall be applied in payt~rent of the
interest and then on the unpaid balance of the principal sum. ~
Prepayment at any time, in whole or in part, without penalty.
i~ reserved by maker. '
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Ii an~~ iu~tallmrnt Ue nut t~rumptly p;rid within _ __ten_ dayx next alter the name be-
r~~,ll.~:t dui, then. itt the ot,tion of the holder hereof, the full amount remaining due upon
tl,i~ uotr :eliall therein?on become due and payable at once, together with sli other indebt-
~•~In~• • ~tipuls,ted in this note and in the mortgage Riven to secure the acme. t
hr nu~krrs and endorsers of this note furirer agree to waive notice of non-payment.
:r~~t~~st and demund for na~•ment. and in case suit Phall be brought for the collection
h~•r~~ut' or the same' :ch;ill be collected upon demand of an attorney. to pay all expenses
~~i ~u~•h collection. including a rea.~nable attorney's fee thereon.
WILLIS
/s/ ChARLES FRANKLIN (8EAL)
- Charles Franklin Willis -
and shall perjo~m, comply :vith~ an-d abide by e~sch and every- the stipulations,.
agreements, conditions and covenants of said promissory note and of this deed, them
this. deed and the estate hereby created shalt cease.and be null and void.
.~1t~1 tlu said .~lfortgagor hereby covenants and agrees: _
.1. To pay all and singular the j~rincipal and interest and other sums of money
payable by virtue of said promissory note and this deed. or either, promptly nn the ~
j days respectively the same severally come due.
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Q. To pay all. aiul singular the taxes, assessments, levies, liabilities, obligations
j ~.nd encumbrances of every nature on said described property each and every, and ,i
if the same be not prnmptty paid the said Jlfortgagee may at any time pay the same
urithout waiving or affecting the option to foreclose or any right hereunder, and every
E payment ao made shalt bear interest from the date thereof at the rtaite of
per cent.. per annum: _
n'o pay all and singular the costs, charges and expenses. including lawyers
fees, reasonably incurred or paid at any time by said .Afort~agee because of the failure
g on the part of the said .lfortgagor to perform, comply with and. abide by each and
every the stipulations, a~reementa, conditions and covenants of said promt~s8ory note ~
t 'and Chia deed, or either, and.every such payment shall bear interest from date at the
rate of ten per cent. per annum.
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~ To keep the building now or hereafter o». soul land insured in a sum not
f
- less than -full insurable value
p Dollars, in a company or companies to
be apprnved by said Mortgagee, and the policy or polaciea held by and payable to said
.1Kortgagee, and in the event any sum of money becomes payable under such policy or
~ policies, the Mortgagee shall have fire option to receive aaul apply 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 mort~age, and may place and pay for such
insurance or any part thereof, without waivang or affecting the option to foreclose or
any right hereunder, and each and every such payment shall bear interest from date
tact the rate of ten per cent. Par annum..
BOOK e7Vt7 !1iCf
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