HomeMy WebLinkAbout0147 \
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~o ~iaue and tp ~{old f~i~ snm~, fo~eflter wit~i t{ie tenem~nts, f~ere~itamenis nnc~ appiirte- s
r?nn~es t~ier~to ~~~~on~~in41, nnc~ t{~~ r~nts, issues anrj profils Ifiercof, tu~lo (~~c~ ntortpn{~ee, in Jee simp~e. 1
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niti~ t~~~ morlf~ac~or rovenants tnit~ t~io morlEaagee tl?at t~~e morl~apor is iridejE~~sit~~y seizect o~ snic~ ~ ~
~ancl iri f~~ simp~c~; l~i~t i~~e morl~~a~or ~ias floocl rifll~t nn~ ~utuJti~ aut{iority b convey saicl ~nric~ ns a(ore- ~
sni~r; f~i[~t t~ie morlqn~~or te~i(~ mn{~e suc{i ~urll~er assurances to per~ect i{ie ~ee ~imple fit~e to snic( ~ancj in tj~e a
ntort~nf~~c~ as may rensona~~[y ~e ~equirecl; t~~at t~ie mort~a~or l~ere6y ~u(~y warrants i~ie Iitle fo saiel ~nnc~ $
anc/ u~il~ di~f~~nrl tli~ snm~ aflnins! tl~e Iacvju~ clainis oj nll p~rso?is ivl~omsoeuer; and t1~at snid in~irl is free ~
nnc~ clrar of a~~ Erncum~~iunces ~
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~rou~ded ~lev~ys, t~int iJ saic~ morlpapor sliall pay unto saic~ mortgag2e t~se eertain promis- a
sory note {iereinn~tnr su~~st~ntial~y copiet~ or ic~entijiecj, to-tuit: ~
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FORT PIERCE, FLORIDA i 19~- ~
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--v+~~,0~~~«~---- after date I~ we, or either of us promise to p~y to the order of i
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FIRST NATIO~IAL BAl~!!K ~C,~RT PIERCE ~
F4RT PIERCE, F`LORIDA ~ ~
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--~~V~b~ ~....e..e..~...._-----------~----°---HOLLARS ~
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w~th Inlerest atler •t tht rate ot c DUE
--~~}t$- -y._pet eent Der ¦nnnm unlll p~td, tor •~lae reedted, ne~otlable and
van6lc al the offtee ot aatd bant. •ud It not v:id st matprltr thi~ note ma~ te alserd ln the h~nd~ ot sa •tlorae>-at-
law tor colleetion: and In tAat erent lt Is •sreed sed vromised. br the maters and endarser~, se~erall>, t~ oar a rea-
aonabtc aNorner's iee, ¦nd ther do walve the r1iLt to be sved, atler def~alt, In the eountr of thelr restdeace; trailnt
d~poslted wllh !he ssld Ssnk ss eolliteral aecuril~ !or the vzsment of thls note, and an~ nole ~I~en ia eilenslon
or rrnewal t6ereof, and af ~eti~til~ foe the psyment ot aa~ other llabUlt~ o~ ISaD11it[et o[ the undttsisned, lo taid Bank NQ,
whetAet now e:(stinr, or heres(ler ar[sin~ the followin~ vroperts. vfr: ~
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~#8--~t9~o--#~-$@e ~-~Y~-~t6 ~
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at a vrestat martet rsloe esttmsted bs the nnderAtncd to be DOLWS9 ~
and ~houtd said Bant, or t6e holder hereo/, IIrrestter conilda tL~t the martet •slp~ ot ~ald securltles !us deNloed, or shoald sald eeearitlef tor any resson ~
Decome nn~stbftetory to satd B~nk, or the Leldet 4ereot, thr andersisned here6~ aRecs to mate vu~meat on aeeoant o[ thf~ obll~allon tatl~taetors to tbe
Lolder IfereoL or, to detltrr io s?Id Bank, or the Lolder hereoL addltional acatitle~ eo en~ s~!lsfaetloa ol t~e Dolder of thL obtisitlon. An4 tor ~n~ otDer
HREIOtIes to ufd Baat, s~eLDer dae or not due, or hereafter •rb(n~, the underd~n~d slso herebr rl~ee to sald Bsnt • Uer aDon alt propert~ oe seeaNtic~ ttven ~
to or Ielt In Do~s:ulon o[ asid Baat d~ lhe andersl~ncd, sad s4o aaon snr Dtl~nee ot the depo~it aeeoant ot 16e understrned wtt4 the sa[d Bant. Tor ~tlae =
reeeNcd tLe andersl~ned ne~ear tartber ssrett thst opon t6e non-ptrlormsnee ot Lbls Dlomtse !o oay, n~on ta0ure, (nsolvenef, or ovon t~e aon-ppmznt ot ~
•n> ot thc IIab111tlcs o/ the ander~tsned to ssld Bank, or aaon fsllure ot ths andar~l~ueA w1{hIa three ~ls~s •fter date o[ msltlne noliee ~ddressed Lo the mitcr F
hereof, at DI~ addresf, as st~en br bta ~t tht tlme o[ m~tlns tbb note, and mdorsed •t tde loot ot lhts note, to inate satls/setoty D~TO1lh1 on secoont or to ~
turnish sddfllanal ~eenr!{k:, sattslsetor~ lo lhe President or Caahler oI asld Baak, or to t1~e holder hereof, !n ea~e ot • decilne aa atoresaid, L6ea, aad In •
Nther soeh eatt this eate •nd alt other oEi(~attons and p~bUiUes ot tLe nuder~~~ncd Lo tl+• B+tnk, and an~ and all ot them ~hatl tott6wll6 become dee and '
payaDle wlthont turthee dem~nd or not(ec: and foll pawer and ant6oritr ir berrbs sl~~p fo 1Le :xld B~nk or tLe holde~ aI lhls note to sell, aasl~n snd dellTer ~
tLe s~ole or sn~ p~rt ot t~e aboTe menlloned proaert~ snd seeorltles, or sn~ psrt t4e~eof, or tOy sub~tltate thcrefor, or of sny additloas thereto, •t pti~~te or ~
poElie sale st lhe optton ot said Bant or 1b Pnsideat or Cz~hler or tDe Aolder Dereof aDOn 10 dass• aottee mailed to !6c sdAres~ ~perllted bel~w, •u to tnster's ~
Isst tnown sddrett, and at sueh ~ale t6e isld BanY, or ans o/ its oftieer~, or the bolder htreot, mt~ betome the porehsser of t6e wAole ot an~ Oar! of {he ss19 ~
seeurities, tree trom ins rirDt of redematlon b~ the endersirned, wEleb is Lereb~ e=~n~sl~ watved snd released. In esse of sale for ~Ay eao~e, af[er dednett ~
all le[al anA ot6er eost~ tor colleetlon, stle, snd detliers of satd v~ov«<s. Ineludla~ •ttoraesa leu, ss Lcrefnbetore provlAed, ths ~sld Baak •e the Lolder here
ma~ appl~ t6e rs~idne of the oroeced~ ef the ~sle or ~~les so mide to pas thls note, snd then pa~ aas or sli ot t~e U~Dlllttss ot tbe undenisned to ulII Ean
~LetLer dae or not dns, or heres(ter artstnr, s~ sns of Its ottlcers sSa11 deLeTmiae, m~kln~ pro~e~ rebaEe toc interest on tts6ltltier not due, retnralns t~e ots
olu~, It any, to lhe nndanl~ned, an8 tDe anderslrard alao s~rces tDit the e:teel~e, or tLt omisslon to e:ercl~e, D~ sald Bank, or t6e hoider hereot, ot an~ ot t
slt6ta ind pritileses hereDs eontcrred ooon :ai8 Bsnt, or t~e holder 6ereof, ~hRll ttot wal~e oe etfeet aor other or subseQaent rl~ht to eiercl~e t4e s~me. an8 thr
nndersl~acd also •~rces to be and remaln Ilable to sa(d Bs~t, or lo th• botder hereof, fer sny de(lciene~ a/lrr sueh ssle or ssles, tostther wltL Intetest therton
at tLe rale ot Der een pcr annum untll the s~me li luU~ paid.
ADDR£8S `~~~~~Y STA~1Pb /s/ Edward B. Traub
C ['~T~ AN~ ~n~ ' ' (BSAL) ~
/s/ Ethel M . Traub ~s=,,L~ ~
FT. PIERCf PRE55
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