HomeMy WebLinkAbout1506~o due and to ~iotd the same, together with th4 tenements, hereditaments and appurte-
nances thereto belonging, and the rents, issues and profits fhe+reof. tunto the mortgogee. in fee simple.
the mortgagor covenants with the mortgagee that the mortgagor is indefeasibly seised of sntd
land in fee simple; that the mortgagor has good right and lau-ful authority to convey said land as ajoro-
said: that the mortgagor will make such /urther assurances to perfect the fee simpb titb to said land in the
mortgagee as may -easona6ly be required: that the mortgagor hereby Jully warrants the tills to said land
and will defend the same against the lawful claims of nll 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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COMPTROLLER .~ COMPTROLLER
P.B. 190138 ~_~O ~P --~.~ P.6.190133 ~ 'P ~a
~COUlded ~S, that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
PROMISSORY NOTE
X132, 500.00 Stuart, Florida -August ~; S, 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
THIRTY-TWO THOUSAND FIVE HUNDRED AND NO/ 100 DOLLARS (132, 500.00),
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
(?yfi) 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 install-
ments of X26, 500.00 each, plus interest at the rate of 79f. per annum on the unpaid bal-
ance, said annual installments commencing on the v~~ day of August, 1970.
There may be prepayment of principal during the year 1969, provided that in no event
no more than 29gb of the total purchase price being psi d for the lands conveyed by the
warranty deed executed by the mortgagee hereinb~ 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,
19?0, 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 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 7°Jr.. 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 sari4e 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.
S1 (SEAL)
ROBERT F. McROBERTS, JR. , as Trustee
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