HomeMy WebLinkAbout1500~o ~iaue and to ~lotd the same, together with the tenements. he-editaments and appurte-
nances thereto belonging, and the rents, issues and profits thereof, unto the mortgagee. to fee simple.
the mortgagor covenants with the mortgagee that the mortgagor U indefeasibly seized of said
land in fee simple; that the mortgagor has good right and lawful authority to convey said land as ajoro-
said; that the mortgagor will males such further assurances to perjec! the fee simple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the title to :aid land
and will defend the same against the lawful claims of all persons whomsoever: and that said land is free
and clear of all encumbrances except taxes accruing subsequent to December 31, 1968.
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~r0otded ways, chat if said mortgagor shall pay unto said more~agee the certain promis-
sory note hereinafter substantially copied or identified, to-wit: ~ ~ _ .: t
PROMISSORY NOTE
~1?0, 000.00
Stuart, Florida - August,,ls , 196 9
FOR VALUE RECEIVED, the undersigned, jointly and severally, PROMLSE TO PAY to
the order of ANZAC OF FLORIDA, INC. , a Florida corporation, ONE HUNDRED
SEVENTY THOUSAND AND NO/100 DOLLARS (~l?0, 000.00), at 1830 Lake Drive,
Delray Beach, Florida 33444, or such other place as the holder hereof may designate
in writing, together with interest from date at the rate of seven (796) per centum per
annum on the unpaid balance until maturity. The said principal and interest shall be
due and payable as follows: In five (5) consecutive annual installments of X34, 000.00
each, plus interest at the rate of ?96 per annum on the unpaid balance, said annual
installments commencing on the ~ day of August, 19?0.
There may be prepayment of principal during the year 1969, provided that in no event
no more than 2996 of the total purchase price being paid for the lands conveyed by the
warranty deed executed by the mortgagee herein to the mortgagor herein and being
recorded simultaneously herewith, shall be padd during the year 1969. Prepayments
up to said amount during the year 1969 shall be without penalty. On or after January 1,
19?0, there may be prepayment in frill or in part without penalty. Any and all pre-
payments of princopal shall apply to the next principal payments due and owing.
If default be made for thirty (30) days in the payment of any installment of principal
or interest or any part thereof, the whole sum then remaining unpaid with interest
shall at holder's option become due and payable without notice. Failure to exercise
such option shall not constitute a waiver of the right to exercise the same in the event
of subsequent default. After maturity both principal and accrued interest shall bear
interest at ?96 per annum until paid. The makers and endorsers of this note further
waive demand, notice of non-payment and protest. If this note is not paid at maturity,
and the same is placed with an attorney for collection, the makers and endorsers hereof
agree to pay all costa of collection, including all court costa and reasonable attorney
fees.
BOOK~~a7 PACE~~9~
j (SEAL)
BERT F. McROBERTS, JR. , as Trustee
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