HomeMy WebLinkAbout1650 ~
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30 ~iave and to ~iold !~e same, togelher wttti (tie ten~nepnfs. he~edlta~w~nts and appurta- ~
nances thereto 6elon~inc~, anc~ Itie renfs, issues and pro~ifs the?eo(, unlo I~e mortgagee, in ~es aimp~e. ~
~I111 f1~e mortgago~ covennnts wifh Itie morfgagee fhat 11~e morfgagor Js inde%as16ly seited o~ snid ~
land in ~ee simple: Ihaf fhe mortgagor I~as good right and lnu•Jul a~~~hori~y eo convey satd land as a/ore-
saic~: t1~af ihe mortc~ngor u~i~~ meke such )urfher assumnces to perfec! !he ~ee stmpls fitle fo said Iand in ftie
mortgagee as may reasonab~y 6e required; i~nt tke mortgagor hereby Ju~~y warrantt t~e title fo saic~ ~nnd
and u~ill dejend the same against Ihe luw/u~ claims o( all penoru w~omsoever: ond tl~nt snid land ia )ree
and clear o( all encumbrances
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~~V~ 7LlW~s~ that i~ said mortgagor shall pay unto snid mo~tgagee the certain promis-
sory note hereina(fer su6stantiaUy copied or identified, to-wit:
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PAYMENTS INTEREST ~T P~EIKE, FIORIDA, ~Y 13 19 7O
DATE AMOYNT BAL. DU[ CATE AMOUNT PAIO TO ~
Fw value received, th~ undas~yned promise(a) to par to the wder of the
~ ST. LUCIE COUNTY BANK
PORT PIERCE, FLORIDA
the pr&rcipal sum of
Thirteen Hundred Dollars and No/100------- ~~,n
I~ (f 1300.00 W;th n,,e~~st hon, date
at the rate of 8 per oent per annum on 1M ~np~id balance until p~id.
~ T!k said prin6p~l ~nd interest shatl be p~yable ~f ths St. Lucis County B+nk, Fort
Pierce. Fbrida, or at wch other place ss the lald~r may desiynate in vnitir~y, taid
~ principal to be paid at tF~e date and in tl» m~n++er followirg.
~26.36 per :aon=h t;~;inzin; July 21st, 1y70 and a like sum each munt~ ther~t~r
with payments to apply firac to interest and balance to principa~. Privilege
of ptepayment is ~iven.
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If defsuh be made in any irotallment ~nder this note ~nd if any s~ch defauh is rat made 9ood within 30 days of the datt of s+id d~f~uh, tM ~ntire ~
p~inapal wm ~nd accrued intereu shall ~t orxe becane due and payabl~ without ratice st the option of the holder of t!?is note. Failwe ro ex~rcise this ~
option shall not const~tute • waiver of the right to e:ercise the same in the event of a~y wbsequent defauk. In the event of default in th~ paym~nt of t
rh~s note u,d tf rhe ~me ~s co~kcred by an an«~+ey •r law the u~dersgned he.eby a9res ~o Pay ~~I coan of coltecr~a, includ~ • na•oosble m«n.y's he. 's
Said St. Lvcie Co~nty dank beiny expressty authoriud ro retain any Qenersl or spetial dtposit, oollater~l, real or perwMl s~curify a proceeds thereof,
belonging to either of ~s, wFrother maker, secvrity or endorser, raw w hereafter in poueuion of aid St. luw County Bank d~rinp th~ tirM this nott re-
~r+a~ns unpaid snd before or after matu?ity ~pply samt to thn or other dsbt or liability ro said Bsnk, dw or to becane dw w th~ hoW~? of this n~.
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~ Prexntm~nt ~nd protsst ~nd notice are 4ereby w~iwd- t
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~ ADDRE55 1901 :1. 37th Street /s/ Frankie L. Smiley i
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