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HomeMy WebLinkAbout0111_.. ~~ ~1AY~ ~ ~ ~~ the same, together with the tenemertls, he-~ditamenis;and ,appurte- nances thereto 6elwtging, and the rents, issues and profits thereof. unto fXe m~ifpagire. in lee simple. the mortgagor covenants with the mortgagee that the mortgagor is indeleastbly seized of said land in fPP simple: that the mortgagor has good right and laurfttl authority to convey said land as afore- said; that the mortgagor aril! make such further assurances to perfect the lee 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 aril! defend the same against the lawful claims of all person: whomsoever: and that said land u free and clear of all encumbrances ~~olJ~ded ItIW~S, that iJ said mortgagor shall pay unto said mortgagee the certain promis- sory note hereinafter substantially copied or identified, to-wit: FORT PIERCE, FIORID/1. _~~ 8 lq 69 For value received, tM undersigned promise(s) to pa/ to tM order of the ST. LUCIE COUNTY BANK FORT PIERCE. FLORIDA tM principal sum of ONB THOUSAND SIX HUN>BBD AIiD id/1G0 - - - Dollar. (= 1, 600. DU ), with interest from date at tM rah of ~ per ant par annum on tM unpaid balanu until paid. TM said principal and interest shall be payable at tM St. lode County Bank, Fort Pierce, Fkxida, or at such q}~er place as tM holder may designah in writing, said principal to be paid at tM dah and in tM manner following: Monthly payloents of ;71.75 to begin ~fnfa 2S, 1969, and a like eum each isonth thfaraatter until paid is tall. Payrmente to apply to interest tirat, balance to principal. Privilege of prepaylasnt ie given. If defauh be made in any imtallment under this note and if any such default is not made good within 30 days of tM dah of said defauh, tM entire principal sum and accrued interest shall at ono become due and payable without notice at tM opt'an of tM holder of this note. failure to exeruse the option shall rat constitute a waiver of tM right to exercise tM same in tM event of any wbsequent default. In 1M event of defauh in tM payment of this noh and if tM same is collactad by an attorney at law tM undersigned hereby spree to pay ell costs of collodion including a reasonable attorneys fee. Said St. ludo County flank being rixpressly authorized to retain any general a special deposit, oollaterai, real or personal security w.proceeds thereof, belonging to either of us, whether maker, security a endorser, now or hersaftar in possession of raid St. Lucie County Bank during tM time this rah re- wins unpaid and before or after maturity apply same to this or outer debt or liability ro said Ba+k, dw a ro becatre dw to tM holder of the rah. Presentment and protest and notice are hereby wahnd. ADDRESS 1111 Dayluan Avenue, Ft. Pierce, Fla. NO OLBANDHt AV6NUB ~ OF (i0D Byt /s/ Pete Brown ~~ jj~ By;/s / C. H. Allen I ~f~t:es s~ gyt/~ Owen Hazellief Seal rus ee SooK 179 ~ ~.~.