HomeMy WebLinkAbout2119 ~
~o ~ue ~nd to ~old the same, together u~ith the tenements, hereditamenls ant~ appurte-
nances fhereto belonfling, and fhe ?enls, issues and'p?o~i~s ,Iheteo', un~o; f~~ ~nartgagee, in ~ee simp~e.
~ ~
~d !he mortgn~or covenants mith the n~ortgagee that the mortgagor Is inde)easibly seized oJ said ~
land in f
ee simple; lhat tf~e mortgagor has good right and law(ul authority to convey said Iand as af
ore- ~
~
said; fRa! !he mo~tgngor wi~~ mnke sucti ~urtl~e~ assurances fo per~ect fhe jee simp~e tif~e to saic~ land in fhe ~
rr~ortgngee as may reasona6ly 6e required; tkat the mortgagor I~e?~6y ~ul~y wa?rants the tillp to said land
anil u~i~~ c~e%nd the same againsl f1~e ~nw~ul c~aims of al~ persons u~hoinsoever: ancl fhat saic~ ~ant~ is Jree
and clear o/ all encumbrances
~
(
I
.
~ ~V~ Ii~~s~ that i~ said mortgagor sha~~ pay unfo saicl tnorfgagee fhe certain promis-
I sory note hereina~ter su6stantially copied or identijiec~, fo-wit:
i
!
~ '
! S 21, 000. 00 Okeecnc~bec~c~a;~,
_ _ . Sep~embe.r..../.~ . ~s 70
, .
fOR VAWE RECEIVEO ~he unders~gned ~rornises to p~~ t,~ ?hP o.der of
William ~4allace Stevens, Jr.., Executor of Rstate of William wallace.S~tevens '
_ _ _ eceas~d
the Dnnc~pal sum oI. 'I'~!+~~~I'~'X.-O.~E...THQI3SAND....~1j~jj~...~1(Q~.~00--,-,-.-.-_-.-.-.-----.--~o~~a~s ~5 21 ~ 000. 00
toge~her Mrilh inieresf ihereon 6om dafe, al thc ratr o1 SC'Vefl _..,.,..per tertl per al'1Lllllll u~til mafunty, sa~d ~~t~yest
~,~9 ~a~abie annua_lly o~ the _J Q~ day o{ ~eptC'if1bET' R7~G~
each year, bolh principal and inie.est be~ng payabie in law(ul money oF the U~ited States or ~IS ~qu~va~ent, at OkeeehoUee, F loXida
.
I ......................sa~d pnnc~pal sum ro be pav~ble on 1he dates and in the amounts s
pea ~ed below. to•wd
' In four (4) eaual annual installments of 55,250.00 each,
! beginninq September 1~, 1971.
~
~
~
I ~ S
~ E
~ E
~g ~
i ~
~
Z
- Each maMer and endo.ser sererally wa~.•es demsnd, pro~es~ and nohce of matu.~ty, non-payment or prolest and aU r_yuiremeMs necessary to hold each ol
~ tAem L.ible ~s make~s and endorsers
~ Each ma4er and enda•sr~ fur~her agrees jo~nNY and seve.ally, to pay all cosls ot colledion, includmg a reasonable attorney's tee in cau fne p~inupal of
' rh~s nore w any payment on the p~~~c~aal or any in~e~es~ lhereon ~s ~ot pa~d at the respect~ve maturdy Ihe~eof, w in cau d becomes necessary to protec~ rAe
u~cunty hereol, whether su~t be b~o~ght or no?
ih~s nore a~d delerred mterest ~x me s shaft be:+r ~nte~est al the rare o! SeVEn per cenl, per annum from matu+ity cnhl paid
Thn oote ~s secured by a SE-'~vn~ mortgage ef ever; ~.j~e herew;th an~+ is 1o be consfrued and enfwced accordinq to the laws of IMe $tate o! ~lor~d.~
upon de~(auh m fhe payment of pnnop3l andlor :nteresf due cn any note secured by sa~d A1wig~ge a~~ noles so secwed and reom.~imng unpaid shall (orthw~th
b~ome due and payabte ~otw~~hs?~nd~ng their te~or OKEECHOBEE LAND CORPORATION
_ _ _ _ BY_.. ~
~
_ . - ~Pres~ident _ . r~an
~ ATTEST _ '
. _ rSca~;
~ ~ecretary
~ i
~ ~
~ ~
~ #
~ ~
~ ~
~ ~
~ ~
~ =
~ 18~' ~
~ 2~19
~
~
~ _ : -
~ : ~ ; , - - ~.X
~,.~~~;:1~~ ~ _ .