HomeMy WebLinkAbout0182 •
_ - _ .l
~rDUl~pd M11U~t1~H. that if swirl .Mortgagor shall pay :into the said Jlfortgagee
t~e.eertair~ pro»sisiory note, of w/t:ch the following in arortls and jt,~wres is a tribe copy,
to wit: _
Fort Pierce '
s1Q..Q~...Q.Q p.r+~........Apri1..14._._._............ N..80.
?olt VA?U! lltttlve~ 111. nldtesi~../ orewilas h v.,? w Nta adw ~ 1
LARRY JOE SPRINGER '
1ha pr~0al ww ol. Thousand and nOL100- ~ ~
Ooltars (f
•lo~elhw wih islarssl Nsareon how dots. w Mse raN d......e.'.gh~.....(8)....„ .............par cessl, pe,......8T1TluIT1,.. _ ......until nsMsrdy. said ;nl«asl
b.+rso arable.......~llt~.}f._........~4Ki ............~Ify~GK~_...... . ..................?S.1NC......
X+K4Qls1G be~lh PrinciWl and int«eu being payabb in lawful sssossey d the United Stales or its cQuivalenl, at rCSideRC .address O~ .
.Payee .....:aid principal saws a be p.yable on 1M dats:.and in the arnoiwys
spec Fallow, to-wit;
This note is payable in monthly installments of Two Hundred Two and 771100---
($202.77) Dollars commencing one month from date and monthly thereafter for
sixty (60) equal monthly installments.
Each installment first shall be applied in payment of the interest and then
on the unpaid balance of the principal sum.
p }
This note is subject to the terms, conditions and covenants of the certain Separation
i~ Property Settlam~Tt agret~lFt~t betwr*c~n L1rry Joe Sprinc~T: as Eiusband i1Tld Kathleen
7 b. Springer as wife datod January 23rd, 1980.
facts aka and erdws« severally waives dwrsd, protest and notice d nsalurily, non-paym«M or pW~sl and sM ngair«n«ds n~cassary b hoW wch of
~ Them Mable as asalas and endorsers.
t Each asa?« and endws« (srrih« agrees, Tandy and severapy, to pay aN costs d c
~h~s note o? onion. isscMdissg a rwsonabM aMarnaY's lea in case Ilse principal of
any paysssessl on 1M principal a any int«esl thereon is not pad al the respet/iw nsalrrsfy Hrwaol, or in case it becwres sseeassary b prolact tFre
s.•cssrity hared, whether aril bs brought a not
This rsole and dderrad Se~s slsap be« iNwest al Ilse role ofe~,~ht.(8),,..p.. taM, pa anrww Mons aaatvily until pad.
this nola is sawed dY a , ••.•••••sssortgage d even dale herewsth is to be construed and enstorod accordirsg fo tlse laws d Ifte Stale d Florida:
upon delault in Ilse payasent al principaf~ssdfw inlaresf dsse on any hole secured by said AAorl9age, ap nplas so secud awd r
becowse dut• and Pa1?able nolwilhstandirsg (heir lersor. ~awairsis?Q,unpaid shop lplhwilh
* and such default continues for 15 days . - _J
.
~e~~ ~
•
and shall perjornt, c•ontply 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 cite estate hereby created shalt cease and be null and void.
.t~Ild the said ,;Mortgagor hereby covenants and agrees:
.1. To pay u11 and singular the principal and interest and nthPr sum-s of ntoney
puyalile by virtue of said pro»riss~try note and this deed, or either, promptly can the
days respectively lice santc~ severally Conte dice.
~k Tr, pay all and singular the tares, assessmr~nts, let~ic•s, liahilities, obligations
and enrumbranees of every rlatu.re on said deseribed property earh and every, and
if the same be not promptly paid the said .Mortgagee may at any time pay the same
~ without waiving or affecting the option to foreclose or any right hereunder, and every
paymetat so made shall bear interest from the date thereof at the rate ofeight (8)
per cent. per annum.
To pay all and singular the costs, charges and expenses, inclruling lawyer's
fees, reasonably incurred or paid at any time by said .Mortgagee because of the failure
on the part of lice said .Mortgagor to perform, comply uZth and abide by each and
every the stipulations, agreements, conditions and covens-nts of said promissory note
and this deed, or either, and every such payment shall bear interest from date at the
rate ofeight (8) per cent. per annum.
s
To keep the building nntu or hereajt.er on said land instcred in a sum not
less than its hig~Test insl>mable value--------------------------------------------- ~
Uollurs, in a compciity or c•ontpanies to i
be approved by said Jortgagee, and the policy or policies held by and payable to said
f .Mortgagee, and in cite event any sum of monoy becomes payable under such policy or
policies, the .Mortgagee shalt have the option to receive and apply the same on account ~
of the indebtedness hereby secured or fo permit the .Mortgagor to receive and use it, or ~
any part thereof, for other purposes, wi;hotit therehy 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 u~aiving or affecting the option to foreclose or ~
any right hereunder, and each and every such payment shall bear interest from date
at the rate of eight (8) per cent. per annum.
X330 p~ x.82
. -