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HomeMy WebLinkAbout2442 ~rruidpd MllUtt1~,B, that if swirl .Mortgagor shall pay tc)tto thr• said Jlfortgagee the certain promissory Hole, uj' uhtc/t flee jullurring in words crud figrcres is a trice crpy, to wit: - ~ ~ ~ Mw~,eM tMr4 Re, p~ieserl prtreM~ .w Morhlr I~q,1WM~~N.e.• MclydNi liEMIN~Lt ~OiIM 4) 9 , 000 . oo Morrg~~nsNO~each Januar 15 , 198 i- S _ Flonda......... y._ ~ FOR VAIIIE RECEIVED the undersignei promises to pay to 1tN ceder of NORMl1 *4. WELSH - the principal gum el.....Nine__ Thousand and no/100----- ......Ddlars together with interest thereon the rare of .......12__ January 15 1980 .......per cent Per annu r _..3 . . unhl nuNurity, bosh principal and interest being payable in lawful Money of ~tsd States, such principal sum and interest payable in installments as follows: t The principal due hereunder payab~ ten equal semi-annual installments each in the amount of $900.00 plus 11 accrued interest then due on the unpaid balance wilt. the first such installment due and payable .with accrued interest on July 1, 1980 and subsequent such installments due on January 1, 1981; July 1, 1981; January 1, 1982;- July 1, 1982; January 1, 1983; July 1, 1983; January 1, 1984; July 1, 1984 and the last such payment due on January 1, 1985. Such installment payments shall be applied first to the interest accruing under the terms of this note and then to a redutiiori or the {wl~fi,~al ~-~:e;PZd.-,oss. TM makers and endorsers d this note ftwthar agree to wscw demand, noltce of non-payment and protest, and in the avant wit shall be 6rarght for the ~ collection hereof, or the same has to be cQlkcted upon demand of sn attorney. to pay reasonable attorney's lees for making tardt collect)on. AM payments Mre- i under shsq boar interest a1 tlss rare ol ..................percent per annum hom matwety until paid. This note is secured a moat ~ ~ L by f)spe d even data haewilh and 'a to be construed and enforced according to the lews of the State of Florida; upon default in tM payment of principal and~w interest when dW, the whole sum of prmapal and interest remaining unpaid shall, s1 the option of the holdas, Deconcs immediately due and payable. Failure to eaerciss this option shall not constitute a waiver of IM right to exercise the same in the even) of subsequent default. Dayabk at ..-Beacon 2I , Apt . ES Jensen Beach, FL 33457 ED~JARD J: MILLER ~ ~ .tSEAI) er such other place as shalt tie . (SEAL) ! designated by the holder o/ this ~ZEL M MILLER note in writing. _..(SEAI) and shall lierfo)rrt, comply rcith and abide by e~sch and et•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 n)cll and L•oid: .~Iti1 the said .,'Mortgagor hereby covenants and agrees: .1. To flay all and singular the principal wort interest and ntlter sum-s r,/' money payable by r•irtue aj sard prnmissrtry nr,tP and this deed, rrr either, prn)nplly un the days respectively the same severally come flue. To pay all and si)rstrlar the taxes, assessn)rnts, ler•ir•s, liahilitir•s, obligations rind encumbrances of rt•ery natrcre vn swirl described property ea-•h and every, and if the same be not promptly paicl_ the said .Mortgagee may at a.ny time pay the same without raai.vi-ng or affectin~s the option to foreclose or any right hereu)der, and er+ery payme)at so made shall bear interest from the date thereof at the rate of thirteen per cent. per annum. J. To pay all and singular the costs. char~r•s and expenses, inclruli.ng lawyer's fees, reasonably incurred or paid at any time by said .Mortgagee because of the failr~re on the part of the said .Mortgagor to perform, comply u~ith, a)rd abide by ecrrh 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 thirteen per cent. per annum. i To keep the brti.lding now ur hereafter nn sard land insured in a soot nr~t less titan Maximum insurable value r Urrllats, in a company rrr r'r)))cpallrr's to be approved by said ~lfortgagee, and the policy or policies held by and payable to said ! .iiIortgagee, and in the event any sum of money becomes payable render such policy or t policies, the ,Mortg'ag'ee shall have the option to receive and apply the same on accorent of the indebtedness hereby secured or to permit the .Mortgagor to receive and use it, or any part thereof, for other purposes, wijhorct thereby yaaaving or intpairing any equity lien or right under or by virtue of this mortgage, and »tay place and pay for such insrcran.ee or any part thereof, without u~aivtng or affecting the optio)t to foreclose or any right hereunder and each and every such payment shall bear interest from ~ date at the rule of thirteen per cent. per annum.