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~rDUidrd ttlulttgs, that i~'said alortgagar strait pay rcrrto the said Jllortgagee
the certain prontissurrJ note, of wlrrch the f~~lluu•irrg i~c :curds and Jigrires is a true copy,
to wit: •
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~ 103 , 000.00 Jensen t3each Itwl,la May 8 Is 79 + }
fOR VALUE kECElVEO the Yndrralgne~ tNOmlx" fG paY Ia Itlc .IUrI
Lavaughn Tilton, Trustee ~
1
t.I,r,cltr.,l aum of --------One Hundred Three Thousand----------------------------pollara ~
pE , May 8, 1979 ,
rc,yel6rr „Ith mtersst thLKeon at 1M: rated eighC peI cent ~ ..:will hom +
payable m installments ss follows.
i ,,,~I~I maturity, both principal and Interest beinry payable m Lawful Money of tn•• Unue.i States, wch p.mrp•~I ium and Interest ~
II Monthly installmenCs of accrued interest and principal equal to
$990.00 each with the first such payment due on t?le 8th day of
! June, 1979 and subsequent such payments due on the 8th day of each
( and every month thereafter until all principal and interest due F
i on the unpaid balance is 'paid in full. r
j Such Installment payments shall be applied first to the interest accrwng under the terms of this note and then to a reduction d the principal indebtedness. ?
The makers and endorsers of this note lurther agree Io wslve demand, nonce of non•paymenl and potes?, and In the event swt shall bs brought for the '
collection hereof, a the same has to ba collecte•t upon demand of an attonsey, to pay reasonable ettOtMy'a lees for making such Ilection. All payments here- -
under shall boar interest at the rate of .Cell. percent per annum from n•atwlty until paid- This note is secured by a mortgage of even dale herewith and is to
i oe construed and enforced according to the laws of tM State of flwida; oFQn default in the payment of prinupal andlor interest when dw, IM whob swn of ;
prlnt~pal and interest remaining unpaid shall, al the option Of tfle holders, oecome Immediately due end payable. Fadwe fo e><ernse This option shall not constitute `
~ a wmver OI the nght to exercise the same m the event of wbsequenl default
j c~.,ysWe at 333.0 Northeast .Indian River Dr . IsEAI.~
I Peter Paris
Jensen Beach, Florida 33457 ~sEAl.l
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..^.I tuih other place as shall be
~ devgnaled by the holder of this Marjorie Paris ISEAU
~•UtP In Writing - I
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and shall perjorrr, comply with and abide by etch and er,•ery the stipulations, {
agreements, conditions and covenants of said promissory note and of this deed, then
this deed and the estate hereby created shall cease and be null and void.
,~ltt~1 the said ,,Mortgagor hereby covenants and agrees:
.1. To pay all and singtelar the principal and intPrPSt and ot)rPr srcros of money
payable by virtue of said promissory note and this nerd, or either, promptly ran the -
days respectively the same severally come due. _
i
Q. To pay all and singular the taxes, assessnr.en.ts, levies, liabilities, nbliaations
and encumbrances of evert nature on said described property ea-•h and every, and _
if the same be not promptly paid the said .Mortgagee may act any time pay the same
without waiving or a/~'ecting the option to foreclose or any right hereunder, and every
payment So made shall bear interest from the date thereof at the rate of -
per cent. per annum. _
~ J. To pay alt and singular the costs, cluirg~s and expenses, inclruii.ng lawyer's
s fees, reasonably incurred or paid at any time by sacid .Mortgagee becarese of the failure
on the part of the said ,Mortgagor to perform, comply ui.th and abide by each. and
every the stipulations, agreements, conditions and covenants of• said promissory note
and this deed, or either, and every such payment shall bear interest from date at the
rate of ten per cent. per annum.
To keep the buildings now or hereafter nn .cui.d land insured in a surer not
less than maximum insurable value.
Dollars, in a company or companies to
9 be approved by said .Mortgagee, and the policy or policies held by and payable to said
.Mortgagee, and in the event any sum of monoy becomes payable under such policy or
E policies, the .Mortgagee shall have the option to. receive and apply the same on account f
of the indebtedness hereby secured or to permit the .Mortgagor to receive and use it, or I -
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 may place and pay for such
insurance or any part thereof, without waivang or afJ`'ecting the option to foreclose or
~ any right hereunder, and each and every such payment shall bear interest from date
at the rate of temper cent. per annum.
t~ R 3U8 ~a~f2481
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