HomeMy WebLinkAbout1503~0 ~AV~ ~ W nV~ the same, together Will the tentmenls, he.editamenfs and appu-te-
nances thereto belonging, and the rents, issues and profit: thereof, unto the mortgagee, to fee simple.
the mortgagor covenants with the mortgagee that the mortgagor is indefeasibly seised of said
land in /ee simple: that the mortgagor has good right and lawful authority to convey said land as afore-
said: That the mortgagor will make such f wther assu-ances to perjec! the fee simple title to said land in the
mortgagee as may reasonably be required; that the mortgagw hereby fully warran4 the title to said Innd
and will defend the same against the lawful claims of all persons whomsoever: and that :aid land t: free
and clear of al! encumbrances except taxes accruing subsequent to December 31, 1968.
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~~~tded ~UW~S, that if said mortgagor shall pay unto saitl'mo~tge~gee the certain promis-
sory note hereinafter substantially copied or identified, to-wit: .; ,~ ~
PROMISSORY NOTE
3170, ooo, o0
Stuart, Florida -August ~, 1969
FOR VALUE RECEIVED, the undersigned, jointly and severally, PROMISE TO PAY to
the order of ANZAC OF FLORIDA, INC. , a Florida corporation, ONE HUNDRED
SEVENTY THOUSAND AND NO/100 DOLLARS (3170, 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 installmerrts of 334, 000.00
each, plus interest at the rate of 79fi per annum on the unpaid balance, said annual
installments commencing on the a~ day of August, 1970.
• 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 paid during the year 1969. Prepayments
up to said amount during the year 1969 shall be without penalty. On or after January 1,
1970, there may be prepayment in full or 'in part without penalty. Any and all pre-
payments of principal 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 vfiole 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 796 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 costs of collection, including all court costs and reasonable attorney
fees.
•s~ (SEAL)
OBERT F. McROBERTS, JR. , As Trustee