HomeMy WebLinkAbout1688 i
~ruuidP~ ~IlUttya, that if said .itfortgagor shall pay rtnto the said .iltortgagee
the certain prnmissory note, rf w/Itch the folloeain¢ in words and fi~rirea i~ a trite copy,
t• Ft. Pierce April 16 80
: 18.O~Q..~O . rw.id. w .
rat YAIt~ t2[CEtVlD M. tttitdarai~ltad a?et~ w ttw a Nta ands. ~f
_ ,.._C. KENT L1IWSON a/k/a KFNI' IAW9CX9 ar~d PATRICIA B. LAW30N, his wife
. .
th. wrncipal strtw d. Eighteen Z'hplJSatld and r~/100------~---__~~~_~~~ 18 000.00
t>bltars It ~
. .
?oystht. wdA intareu Nteran haw daM. a! the raN d ................c,.._..............„................par caM, Par annum _ ....atrlrtfl~latel-tattlyt+nw~sl
. - -
-----------~IrMos--------'tls/'d------°--------~---------~nsd-------------------------
enria~ee.. ~,r~~,~,~,n.~,~ ~ -5908 Yucca Drive
Fort Pierce, Florida 33450
- - _ --............-.-...-.....ssid principal surtr to ba payable an 1M dates end io IM araowrts specrlred babes, to•wi1:
`I~t~is note is made payable in one principal payment plus interest on the unpaid principal balance
in the amr~unt of 98 per annun upon the sale and transfer of the property encu~bered by the
z,Y~?-tc~3ye securitx3 this promissory note, or upon the expiration of tc~ years from date or upon
tt~e death of both payors, whichever shall first occur. Provided howevrr'r, if the said property
.is not sold and title to it not transfer ~1 the expiraticxi of ten years from date, payors
~m~y at their option capitalize titre in then due cxi kite unpaid principal bialc-1nG~ and
annrtize principal and interest ov~e i year period making monthly installments to the
tx~lder of the note, the first i tallment eorTnrnciny one month and ten years from date.
`i~rovided further payors may at lion elect to capitalize the interest sooner than the ten
7year date and make Itrmthly instal is in satisfaction of the obligation.
Ties note may be prepaid in w}ble or in part at any time without penalty.- •
-
- Each rN?cv and endorser 1•ve+alh waives demarsd, prdesl and notice d matttrilY, r'on'WYtnMil or prdasl and ap regstiraararrls rtac•ssary a hold e•ch d
i them h.+blo as males and emfasers.
S tech ma/a and onrlorser lirrther agrees. lanlly and sevcraNY, to
pay aN costs d cdl.-ctwn. including a r•asonabla atlornay's lea in cw 1M principal d
- this note or any payment on tM pinc.pal or any iM•rest thereon is not pbd at the respecfrw mafwrfy thw•ol, a irs case it becomes rracrassary 1o protect IM
+•~cwrly herrd. whahe. awt br• 6roughl d rid n
This note amt ddr•rred interest paynwtnls shall bear inf•resl at the r.ita• ul 9.. .....per cent, Per anrww Iron wwwify mud pad.
Thra nMe is secwad bra Seed'ld-..rwo.rgage d even d.ste herewdh and is !o be conuruaQ and edwced xcordrng to the laws d the Stal• d Florida;
~qwn .dr•I.rult in the R+yment d pmcipal andfor interest due on any ribto secured by card htwty.ige, aN rrotef so secwad and aemawwrg unpaid shalt lorthwdh
becorrre dw• and payable ndwithsrsnding thaw Tenor. *and such default OOr1t1nUL'S for 15 days. ,
Iany hhiiiam-Wakefield ~s..n
• Svitlr~...Tc~n. y ....field fs•+4
and shall perjoz»t. comply with and abide by each and every the stipu[atcans, i~
agreements, conditions a~zd covenants of said promissory note and of this deed, then i
this deed and the estate hereby created-shall cease and Le null and void. t
f
.~11ttd the said .,ltortgugor hereby covenants and agrees:
.1. To pug all and singular the principal and intrrPSt and ntlter st~~»s of ntonerJ ~
payable by r•irtue ~,j said pmmissorrJ nary and this deed, or either, pronrpt/rJ tin tlte,
darts respeetir.•ely the sanrc• serrerally co»tc due.
T•~ pay all and sin6ulur the tares, assessments, let•ies, liutzilitir•s, t~hli~sations
unit encumbrances of cnerJ nature on. said drscribed property ea^h and every, and
if the same be not promptly paid the said .Mortgagee may at any time pay the same
without ua-iving or affecting the option to foreclose or any right hereunder, and every
pacyme~at so made shalt bear interest from the date thereof at the rate ofnine (9)
= per cent. per annum. ~
j
r3. To pay all and singular the costs, cluug~•4 and expanses, incltuli.ng lawyer's
~ fees, reasonably incurred or paid at any time by said .Mortgagee becarese of the failure ~
on the par-t of the said Jrlortga~or to perform, comply with. anzl abide by each and _
every the stipulations, agreements, conditions and cotenants of said prumasorr•/ note
~ and this deed, or either, and every such payment shall bear interest from date at the
rate of nine (9) per cent. per annum.
If To keep the building n.vra or hereujter on said land insured in n sum not ~ ~
r ~
less tltaic its highest insurable value----------------------------••--____ ! ,
- - Unllurs, in a compunrl or cnncparries to ~ f
be approved by said JKortgagee, and the policy or policies held by and payable to said !
i
r ,Mortgagee, and in the ez;ent any sum of monoy becomes payable under such- policy or j
policies, the .rllortgagee shall Jtave the option to receive and apply the saute on account
of the indebtedness hereby secured or to permit the .Mortgagor to receive and use it, or
any part thereof; for other pz~rposes, wi`,hout thereby zvaivi.ng or impairing any equity
lien or right under or by virtue of this mortgage, and may place and paJ for such
insurance or any part thereof, without waivtng or affecting the option to foreclose or
any right hereunder, and each and every such payment shall bear interest from date
at the rote of nine (9) per cent. per annum.
cc~~ ( k
BOOK~4c~ PAGE~~7