HomeMy WebLinkAbout2452 ~Q ~e i~l{~ W~ the same, togelher wit~ fti~ l~~e~wab. ~~ita~nb eind oppwb-
nances thereto 6elonging, and Ihe rents, issuea and projifa t~ier~o~. ~~~aoN, !n jN ai~+PG.
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~11~ ll~e mortgagor covenants wifk fhe mortg~e~~ th~'morig~or ta indtfead~p +dzed o~ +ak~
~ana in lee s~mp~e; ttiat the mortgagor has good rig~i and ~aw~ul aut~atfr to convep ,~d lo.~d ai a~on-
said: tha! the mortgago~ wil! maka such /urther assuranc~s to pe~r/ect Ihs /e~ simple title to sakl ~scl tn the
mortgugee as ~y .ea.o~bly b. .ey~.ed: that the mortgngor kere6y /ully wan~anb the title to anid land
~ and wiU dejend ths aame agai?ut the Iaw~ul claimt o~ ull persons wKomsoeuer: ond that satd land ii /ree
and clear o/ all encumbmnces
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t~t t/ ,.i~ B,ora„~.. .6.~ p'~r~ wels sad +wa+1~e ~i? ~.Nl. pv~wia-
so~? n~l~ i~t~nli~j oal~ o? i~w~Me~, i~-wtt: ~ - ~
MORT4AO[ MOTt FORY q
_ ~5 ~~96 ~ 3p Yinter Park . ~rida
~aroh 1 , 19 To
FOR VALUE RECEIVED~ the undenigned, (jointly and se~erally, if moro than one) pranises to pay to
wRLEN R• VOLDNE33 , or order, in ehe manner hereiaaEter speciC~ed,
che priacipal sum oi TWF.NT4 FIVF. THOUSANL~ FAUR HQNDRED Nlti$'1'Y-3IX A?~D 3A_ ~~?RS
es 25, 496 ~ 39 with intecsst from date at the rate oE ~ per cent. per annum on the balanct from time to time remaining unpa?d•
'I1u said principal and iaterest shall be payabk in law(ul moaey of the L~nited States of America at Winter Park,
Florida or at such place as may hcrcafter be dcsignat~d by writcen notice Irom the holder to the maker hereot, on
the date and ia the manner following:
In ~onthly inatdll~aents of prineipal, eaeh in the seiotU~t of l1,000.00 ~ to- ~
ge~lier__xith_ it~tar~ax_~~he_r~.t~_aLateQ_~a4~_~She unRai~_bulanoe, vith
tlie firat suah inaLellment of prinoipal and intereet being dus ana payable
on the lst day of 11pri1, 19T0, and like payments on the firat day of eaoh
and e~ery a,onth thereafter~ until said prineipal dnd int~rss~ are paid in
tull, with payments to be applied first to intsr~et anQ then to prinoipal;
~ it being further pro~laed, hoMe~er, that Lhe then unpaid principal balsnae
ot thia note (togett~er with int~reet on unpaid balanae~, or the euse ot
215,000.00, the s~aller of the tMO Juet ~entioneA aawunta~ ahall be due
upon the sale o! Makere' home in Ft. Pieree, Floride~, Khiah aaid aum shdll
be paqabls upon the aloaing of ths sale of said ho~e.
The makers exprsesly reaerre the riqht, privileqe nnd optien of prepayinq
this note in part or in tull ~t any time xithout notiee anA Mithout
penalty.
The documentary stamps have been aPfixed to the original mortgage and
cancelled.
'I'his note with intercst is secured by a mortgaRe on real atate. of even date herewit6. made by the maker hereof in favos of the said
tx payee, and shall be construed and entorced according to the laMn ot the Sute of Fbrida. The temu of said mortgage are by this refercnce
made a put hereof.
If default be made in the payment of any of the sums or intetat mentioned herein or in uid mortgage, or in the pedorteance o[
any of the agreements aontained herein or in said mortaase, then tLe entire principal su~ and accrucd interest shaU at the option of the
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holder heceof tiecome at once due and collecu'b4 without notice, time being of t6e essence; and said principal sum and accrued interest
shaU botk beu intenst from such time until paid at the highest rau allowable under the laws of the Sute o( Fbrida. Failure to exercise
this option shaU not constitute a waivu of the nght to exerciie the same ia the rveat of any subsequent default.
Eac6 penon Wbk h~reon ~rhelhet maker or endoner, herebr waiva presentment, pmtest~ notice notice of protat and aotia of dir
honor and a~rea to par aU costs, including a rcawnabk attorneg's (ee~ r?hether suit be brought or not, i~, after matunty of t6is noce or detault
hereundu, or uader said mongaae, counsel thall be empbyed to colkct thi: note or to pmtect ehe security of said mortgage.
~ Whenever used herein the urms "6older", "maker" and "payee" shall be construed ie the singular or plwal as the contact ~nsr
require or admit.
~ ~OLD CbAST *tILK~vFNDIN~~COMPA!~1Y ?NC. ""o~~ri-..A~.--~~elssn~---3r~ ~---7iridi~id~a~~r
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