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HomeMy WebLinkAbout2628 tiyi • - ~ ~.l ~r~raid,rd •~lu~tt~~, -that if said .Jlfortga~gor shalt pay unto the said ,JKortgagee the ,certain promissory note, of w/cich the folloiutng in words and /igares is a true eop~, ito wi#. - - _ ~ - ~ _ PROMISSORY NOTE _ _ ' ' = 6,111.11 stuarb Florida-October 1, _ .iv 79 FOR VALUERECEIVEDtheunder_signedpromisestopaytotheorderof THEODORE 1. CAMPO theprindpalwmof Six Thousand-One Hundred and Eleven-----------and 11 1000 pl,u, together with Interest thereon at the_ rate of 1.4 per cent per annum from the dale hereon until maturity, both principal and interest being payable in _ lawful ntotrey Of the United States, Such principal sum and interest payable in installments as follows: Rill balance, of principal, and accrued interest payable on or _ ~ before October 31, 1979. i i ,I Such instaitment payments shall be applied first to the interest accruing urwter the terms of this nok ark ~ to a reduction of tM principal indebtedness. It default be ~ • ~ made N the payment of any inslallment under this note, and if such default Is rat made good within j days: then the entire principal sum and accr.,ed interes~ II shall at once becane dw and payable wiMrout notke at the option of the holder (3) of Mis note. Failure to eserclse this optla+ shall not constitute a waWer of the right to ez- erclsathe same eta later time for the samedefaull or srry wbscquent defauH. i The makers and endorsers of this nok further agree to waive demand, notice of ran-payment and protest, and in the evenl wit shall he brought for the collection hereof, or the same has to be collected upon demand of an attorney at law, to pay all cost of collection including reasonable attorneys' fees for maklrg such collection. alt payments hereunder shall bear interest at the rate of 14 .per cent per annum from maturity until paid. i _ _ I Payable at ~ - 417 S Federal HigYLw~y - Greff Development Company csea~ ! Stuart, Florida fse;u • (414 //q e e L Q ~ lseaU # or 1Wf:ftatlrer piaasas atral! De designated by the holder of this note in writing By y ~4Ta ` lace Lee, President - _ .and shall perjorm, comply with and abide by each and every the stipulations, agreements, conditions and covenants of said promissory note and of this deed, then this deed and the estate hereby created shalt cease and be null and void. .end the said .hfortgagor hereby covenants and agrees: - ~ .1. To pay all a»d singular the principal anal interest and other sums of money payable by virtue of said promissory note and this deed, or either, promptly on the days respectively the same severally co>•rae due. To pay all and singular the taxes, assessments, levies, liabilities, obligations -anal encumbrances of every nature on said described- property eas"h and every, and if the same be not promptly-paid the said .1Kortgagee may at any time pay the same without waiving or affecting the option to foreclose or any right hereunder, and every payment so mode sliatt bear interest from the date thereof at the rate -of per cent. per annum. - r3. ?'o pay all and singular the costs, chargP4 and expenses, including lawyer's - fees, reasonably incurred or paid at any time by said .1lfortgagee becacuse of the failure on the part of the said .1Kortgagor to perform, comply with and abide by each and every the stipulations, agreements, conditions and cotenants of said promissory note and this deed, or either, and every such payment shalt bear interest from date at the rate of 14 per cent. per annum. To keep the building now or hereafter on. said land insured in a sum not less than Six Thousand One Hundred Eleven--11/0®ollars, in a company or companies to be approved by said .Jlfortgagee, and the policy or policies held by and payable to said rKortgagee, and in the event any sum of money becomes payable under such policy or policies, the .1Kortgagee shall have the option to receive rind apply the same on account of the indebtedness hereby secured or to permit the .Jffortgagor 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 may place and pay for such - insurance or any part thereof, u2thout 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 14 per cent. per annum.