HomeMy WebLinkAbout1556 _ ~I
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~rilUldp~ llllUt11~8. that if said ,1lfortgagor shall pay rcnto the said Mortgagee {
flu certain ron:isso note o ivlrich flee ollorcin in words and ures i~ a true co f
p ry I• t~ g ~ 1~g Py~
to wit: .
PROMISSORY NOTE
9, 440.00 _ stuart, Ftarlda _ J1Pri 1 9th £30
s - - _ ---..19- - - - -
! `R VALUE P_ECEIVEDtheundersignedpromisestopayfotheorderof _ _ C[IRTIS EIrEC~RIC C041PANY
- - - -
"~eprincipatsvmof_N111(' Thousand Four_IIundrec?_ Fo~=ty__znc? no/100 -----------Dollars
'r;ether witfi interest t'~ereen at ihr. rate of_n~__ per cen+ per annum from the date hereon until maturity. bath prin~ipat and interest beirt~ payable in
tul tr:On^y of the United states. such principal sum and Interest payable in installments as tatlo++s' i
Tr:el~-e (l7.) ec?ual montl~lti- payments ~f SE~~EN HUr1DRCD EiCfiTY SIX and 67/10
DOLLARS ($7£'G.~~7) , com`rencing thirty (30) days from the date of this no~e, I
t atlr'._ a ).ike sum nn the' c-er.responc?lncJ c?ay of each l.i}ce ~:uccee~?ing per~_ocl ~ i
thereZfter until the w?l~l.e be fttily paid.
T PRrPAS'i•TrPtT IT`; ~•1?30LF OR Iri Pl1RT, EST 11r~' TIA4F,, ~•,ITIIOTJT I'F'.NAI,'_1.'~_',
IS RESFI:~~I?D I?Y I•?~1I{ERS . ~
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Such Instatlmen! payments shall De applied firs! to the interest accn~°ng under the termso! this rote rod) en to a reduction of theprincipat Indebtedness. f! default be +
~Ce to the payrent o! arty Irs`aI'n:ent er.crer tn~s note. and if s,tch d~tault is rot r•a+~ gxd within_- -_-_days. t,.en the ertL e prinr~al sum ar:d eccreed irtcrest !
.~r.Batorcebecomedveandpayab'er,i!houtro!ices'theo~tionotthet:o~derlt!o!i``isco•e ~a+'uretoererc+s±t~ize~'ionsha'Ir,;!cc^stitu!ca.,a!v.roftt:.righttoer
ysr_,.._, cn d. salt
cc se theaameatatatertin:eferthas~m~defautterr.^. h•^,~ ? ' ~
rztiers and ender<<rs of t':!s nys further agree to ~•rarvc Cerra^!. notice e! non payment and protest: and in the event salt shalt b' bra~ght for the co!~act!cn
• ^-ec'. cr ca:r^ i•as to C^ -^'ic:'ci c ^n d~rnand e' an attcrney at la s. to pay all cos of co'!ec'ton includir,,~ re zsoaaC'e a'brncys" ices to ma~~nq such ec!t~cticn
Faye _ , s t:cre•.^.r~r i'! t:.r tr'c res• at tho rile cf _-1(1--_ p^• cen' fir. r ar.,um t-era r,.ntur;ty ur . paid
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641A Tan elo Te
Ryls.~r~-~ , . r 4,' -
- _ g - ~ 11T''~..A ~ J'?~L-S I D~rTt' is^at.
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Fort Pierce,--tea. - - - j_, t•Y_
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c-~~•chett•.e-plt:ce'rssha!I bed^',nrted bythnhefdcr otth°snofeinwr+rin9 ~,L.~( ~r"--~-'~`^ ----fs^~I?
and shall perform, 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 shall cease and be null and void.
j 1ltlil the said Mortgagor hereby covenants and agrees: ~ ?
.1. To pay all and singular the prin.eipal and interest and other sums of money
t payable by virtue of said promissory note and this deed, or either, promptly on the
days respectively the saute severally come dree.
Q. To pay all and singular th.e taxes, assessments, levies, liahilities, .?hligations
~ and encumbrances of every nature on said described property each and every, and
if the same be not promptly paid the said Mortgagee may at any time pay the same
without waiving or a~'ecting the option to foreclose or any right hereunder, and every
~ payment So ircade shall bear interest from tt~e date thereof at the rate of
per cent. per annum.
~'o pay all and sin~utar-the costs, chargers and expenses. in.clrcding lawyer's
fees, reasonably incurred or paid at any time by said Mortgagee because of the failure
on the part of the said Mortgagor to perform, comply uzth 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 nine per cent. per annum.
To keep the building now or hereafter nn said land insured in a sum not
less than
Dollars, in a company or companies to ~
be approved by said Mortgagee, and the policy or policies held by and payable to said
Mortgagee, and in the event any srcni of money becomes payable under such policy or
policies, the Mortgagee shall have the option to receive and apply the same on account
of the indebtedness hereby secured or to permit the Mortgagor to receive and use it, or
any part thereof, for other purposes, wi`,horct thereby waiving or inrpctiring any equity
lien. or right under or by virtue of this mortgage, and may place and pay for such
I insurance or any part thereof, without u~aiving 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 nine per cent. per annum. -
800KJ,,O P~~E~.547
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