HomeMy WebLinkAbout2304 st. Lucie County, Florida, securing the payment of a note,
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hereinafter reterred ~o as the "MONY No~e", in ].ike amo»n~; ~
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fur~her, that in ~he event ~here is a defaul~ making this }
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Assignmen~ operative, ~hat in the collec~ion of said monies ~
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~he assignee herein named sha11 firs~ charge againsi; said i
collection reasanable expenses in connec:tion ~herewith, ~he
balance to be applied as ~ollows:
l. To the payment of in~erest.
2. Any ~alance then remaining, to be applied against -
o~her obligations se~ ~orth in said mortgage. ~
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3. Any sums remaining to be applied to principal..
4. Balance, ii any, to be held for the benefi~ of the
part ies, as ~heir interests may appear. i
`:~'he undersigned hereby directs ~vans Proper~i.es, Inc.
and Richard E. Becker, as Tr«stee, that in the event they >
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receive from The riutual Li£e Insurance Company of New York f
written no~ ice that there has been a default in payment of '
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the I~SONY Note or that there has been a default unci~r the
provisions of the MONY rfortgage, then, in ~hat event, all
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• payment due under their respective promissory notes hereinabove ~
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described shall, after the receipt of such notice, be due and `
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payable, i.n accordance with the terms thereof, to The Mu~ual
Life Insurance Company of New York. The undersigned represen~s .
and warrants to Evans Proper~ies, Inc., and Richard E. Becker,
. as Trus~ee, that in ~he event payments due under their respective ~
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promissory notes are made ~o The Mutual Life InsUrance Company #
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o~ New York, then, in that event, such payment or payments sha].1 ~
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be creda.ted to and applied agains~ the outs~anding principal ~
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balance remaining unpaid on said promissory notes and accrued i
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