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~rvuidrd al1U~JBe that if said .~llortgagor shall pay unto thc• said .Atortgagc•e
the certain pron,issury note, ~tJ' n•hich tlee Ji~llurz•ing in words and Jigu.res is c, h•ue copy,
to wit:
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' 10, 000.00 `J~'lsen Beach ,Fonda November 3 w 80
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Fp2 VA:i;E RE~E!vE[; +r;e ur,oers.gnos prom.u' tc pay ro r?ud crucy of S
' NOWt1RD E . LYNCH and DOROTHY JANE LYNCH S his «ife . and i'IARY K... LYNCh ~
~ Ten Thousand and no/100------------------------------------- [)o,lars
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tie prnc~t.al sum of
legal' yr ..••%r irrsroS3 !ce••Cr. at P.~ +ate of 15 ,ter cent err oaeum from yovember 3 , .1.9.8.0....
v t.l r:atuntt, barn pnncrpal ar.;} •r.!@rds? bai^~ p3yat.?~ m Lawlut tlloney of the Um!ed States. such prrMipal sum and interest payable in mstallnsents as follows
All accrued interest and principal shall be due in one lump sum on or {
before February 3, 19$1. :i ! i
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This note may be prepaid at any time :~~out penalty.
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~ Such :n;ratlmec' ~:~yn.e.r.rs scar! :rpui:ed hr,r w tree interest acuu:ng under the terms of this note and then to a reduction of the prindpal indebtedness.
Tie ms~ers aid ~a,ro:sorn v rms xre h,r.i,e: ?gree ru wawa demand. rwtrce of non-payment and protest, and in the event suit shall be brought for the
coriectro^ hc•eof, w !?:a s,~ne has t„ be 4oEtecta::.::o-r ~
~mmd of an ,+no.ney, to paY reasonable attorney's lees for making such collection. All payrnents he,e
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,rrdM sha!I bea• rne•esr at rna r.rt.• of S _ perc• nr per annum hum n•atwdy until paid. This role is secured by a mortgage of oven date herewith and is !o
~ to co•rstn.•_~ aril e-lor•-e~ acccr_.-g •o nc~ ?.•ws of rye Stare of flone'a. uFon default us the payment of principal and~or interest when dw, the whole sum of ~
•r^er-al a~d ••:rerc~r •an:..•nrny u•::a:d s±ta~i the oJAOr n1 the holders. cecome rmr?wd~atray duo and payable. Failure !o exercise this option shall not contMWe ;
a ..a~+er Cf •h.r r,~n• to n.erc~v~ rr.e ~ir.,e m me e~.. rt of wGseQuent Esrtnult.
,h,,, 1772 Gulf Stream Ave . isEAl; '
. i ~ ApC . E-4 JOH~+ LUEKItdG
~ Fort Pierce . F L _ _ ~sEA.; -
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:V,•. ~_'r C: ~ fit J. . i. 42
" :.g. arec' :,r ::~C ••r,J~ tlrf DIANE M. LL'EKIIIG i
t - . r wr • :griEA~- i
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and shall Jierjorm, con,pty with and abide by er~eh and every Uie stipulations,
agreements, conditions and covenants of said promissory note and of this deed, then
this deed and tlce estate hereby created shall cease and be n,~ll and L•oid.
.e~ttd the said .Mortgagor hereby covenants and agrees:
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.1. To pay all and singular the pri».cipal and in.tcrPSt and ~thcr sums of money
~ payable by virtue uj said pmmiss„ril note c,n~l this ,Irvd, ~,r either, prr?n,ptly „n the
days respecti,~ely the same se,?Prally come due.
x- 7•o pay all and s,,,gular the, taxis, assessm,rnts, lerics, iiai~ilitics, y,liligations
afld encumbrances of c,±ery nature on said described property ea~•h and e,r,>ry, and
if the same be not promptly paid the said JFtortgag'ee may at a.ny time pa.y the same
without waiving or a~'ecting the option to foreclose or any right hereunder, and every
payme~at so made shall bear interest from the date thereof at the rate of fifteen
per cent. per annum. #
r3. To pay alt and singular the costs, cltargcs and expenses, inclruling lawyer's
fees, reasonably incurred or paid at any time by said Jllortgagee because of the failure
on the part of the said JKortgagor to perform, comply ui.th• and abide by each and
everrJ the stipulations, agreements, conditions and covenants of said prom-tssorrJ note
and this deed, or either, and every such payment shall bear interest from date at the
~ rate of fifteen per cent. per annum.
~ ! To 1ce.Pp the building now or hereajtcr nn said lu„d insured in a sun? not
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~ less thaw Maximum insurable value ;
Uollurs, in a company or rn»tpanics to
be approved by said .1~fortgagee, and the policy or policies held by and payable to said
.Mortgagee, and i.n the event any sum of monoil becomes JiayublP under such. policy or ~
policies, the ~ilortgagee shall have the option to receive and apply the same on accorc.nt I
of the indebtedness hereby secured or to permit the .Mortgagor to receive and use it, or ~
any part thereof, for other purposes, wi`,hout thereby waiving' or in,•pairing any equity ,
lien or right under or by virtue of this mortgage, and may place and per y for such
insurance or any part thereof, without waiving or affecting the option to foreclose or
any right hereunder, and each and every such payment shall bear interest from date
at the rule of fifteen per cent, per annum.
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~~342 PACE 207
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