HomeMy WebLinkAbout1452
~, it
.".,\,
D.-...I'
1~
"" FACE
2
ST, lUCI( COUNTT. HA.
.. . .. . ..... . .....
TO HAVB AND TO HOLD The sa.e, together with the tene.ents, heredita-
~nts and appurtenances thereto belonging, and the rents, issues and
profits thereof, unto the Mortgagee, in fee s~le.
AND the Mortgagor covenants with the Mortgagee that the Mortgagor
is indefeasibly seized of said land in fee slaple; that the Mortgagor
has good right and lawful authority to convey said land as aforesaid;
that the Mortgagor will make such further assurances to perfect the
fee simple title to said land in the Mortgagee as may reasonably be
required; that the Mortgagor hereby fully warrants the title to said
land and will defend the same against the lawful claims of all per-
sons whomsoever; and that said land is free aad clear of all encum-
brances except taxes for the year 1961.
PROVIDBD ALWAYS, that if said Mortgagor ahall pay unto said
Mortg~gee the certain promissory note hereinafter substantially
copied or identified, tcc~it:
Fort Pierce, P10rida
.$124.156.88
July
31s.-t ,1961
FOR VALUB RBCElVED, I, we or either of us, promise to pay
without defalcation, to the order of
W. W. CARLTON
the sua of ONE HUNDRED TWENTY-FOUR TIlOUSAND CtfB HUNDRED FIFTY-
SIX and 88/100 - - - - - - - - - - - - - DOLLARS ($124,156.88)
at the Florida Bank at Port Pierce, P1orida, together with interest
at the rate of five per cent (,,) per annua, on th~ sums remaining
from ti~ to time unpaid. Interest shall be paid annually beginning
one (1) year fro. the date hereof. The principal sum hereof shall
be paid in five (5) equal annual payments beginning the 26th day of
JUly, 1967, as follows:
$24,831.38 on the 26th day of July, 1967;
$24,831.38 o~ the 26th day of July, 1968;
$24,831.38 on the 26th day of July, 1969;
$24,831.37 on the 26th day of July, 1970;
$24,831.37 on the 26th day of JUly, 1971.
, In the event that the .~kers heT.~of default in the payment of any
1nstalt.ent as herein prov1ded, or 1n the paywent of tbe accrued
interest as herein proYided, or in the due perforaance of any covenant
contained in the purchaae .oney aortgage securing this Promissory
Note, and if such default ia not aade 100d within thirty (30) days
froa the date of auch default, the entire principal sua and all ac-
crued intereat thereon ahall at once becoae due and payable without
notice at the option of the holder of thia note.
The aakera and en4or~era of thia note aevera1ly waive preaentaent
for pa,.ent, proteat and notice of proteat, and noo-pay.ent of thia
note OD the ,round of any extension of t~ for the paYMent hereo~,
- 2 -