HomeMy WebLinkAbout0966 ~0 ~tit ~1111~ t0 ~d tti. s~.. eowth.. witk rl~. e.n.~?.n4. ?~.~+.dtea,n.~a ond awPwe.-
nan~a t/~anto 6.longing. asd e/~. nna. tasua and pro;l1, eM~w/. w~eo e?~. moNpao«. tn ,iMpb.
~ild ek. mo.r~or oo~.~a w~~h e1~. matQ~« ~ d~. ~.e~~w~ ~d./.a.ibly ,.u.~d ~,~+d
Iand in /e~ ~tmpb: t1~at tl?~ nwrtsapor T~oa good e+i~1~t and lawJul aatlwrit~? to oonw~r astd lond aa aJa+~-
sotd: tlwt f1~~ nwrtgapor wiU w~al~t suc1~ f
wt1~u auurancYa to pn{~c! t~ f
N ~impl~ Ntk to tatd ~ tn t1~t
mo.tgape. a may na~nablp b. r.q~.ir.d: ehae eR. rnortgapor I~6r f~h wo,.+ana ek. eleb eo satd land
a,rd miU d./snd ebe ,wn. aootiut tl~. lou,(a! cintm. of aU p~.sona wlamso.wr: and tlwt sord land ta /n.
and clear o/ aU lncumbnonca
Default of the first mortgage covering the property herein
involved shall likewise be considered a default of this
mortgage.
t~
~I~ ~~S, elwe tj :aid moregaeor ,lia![ par wdo :utd moregag.e el~s cereain promti-
sory note hereirta~ter subatantiaUy copted or tdenti(ted, to-wtt:
~ T'EiIS IS A BALLOON PZTtt(3~1S8 1rDNEY I~RT(~AaE NOTL
~15,959.45 Fort Piares, Florida October , 1968
For value receiv~ed, the uutidereigned prumise to pay to the Order of
ARTHUR S. KIDWELL and ANNE 4l. KID~WELL, his ~ife, at tt~s Florida Bank of
Fort Pierce, Florida, tttia principal eum of PIPTEEN THOUSAND NINE ~JNDRED
FIFTY NINE AND 45/100 (315, 959.45) with interest from date at tha rate of
, •ix psr cent par ann~n on the u~npafd bal8nca until paid. The said princi-
i pal and intereat st~?11 be payable at tttie Florida Bank of Fort Pia res,
Florida or at auch otttier placa ae tha holder may deaignata in writing,
aaid pr~ncipal to be paid at the data nt~d in the mattn~er following:
Rapayable in 83 m~nthly paym~ents of ~19.46, at Which time the entira re-
mainit~,g unpaid pritticipal and accumulatad intereat shall ba payabla in full~
prcvided, ho~ver, that in the event tt~e f iret mortg~tgs on the property
hersin involv~ad ehall be paid in f ull pri~r to ttre lapee of 83 month~ from
dats, that upon aaid mortgege bsing peid in full, tha monthly payment on
this note shall becoma ~150.00 psr month for tha bslance of the unueed
portion of ths 83 mvnth period. Paymente to be appli~ed lirst to interest
and then to principal. Privilege of prspaymsnt Without panalty is hsreby
givea.
If default be a~ada in any installment under thia nots atLd if aay •u~ch de-
fault is not mad~e good ~rithin 30 daye of tttie data o! eaid default, the an-
tira prin~cipal a~r? aad a~ccs-u~sd intereat ahall at onca baaome due ~nd pey-
abla without notiaa at ths option of tha holdsr of this not4. Failura to
sxarcise this optio~ ehall not con~tituts a Wsivsr of the right to e~oercise
t?r~ aama in tha smant of ony subsequent default. In tha ~vent of dafault
in tha payment vf thi~ aots and if the aama ia col~ectad by an attornsy at
laa, tha undsrsignad haraby agres to pay all coste of collection it?cludit~g
a rea~onabla ~ttorasy'a laa.
Pr~~sntment ~ttid protsst ~nd notica ar~ haraby Waivad.
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