HomeMy WebLinkAbout2654 - a~~u. ~v°R° 8~~ 4~)9
~t ~ W t~e same, togefher wifh t~e tenemenls. hered~tamenta anaj appwfe-
nances t~erefo be~ongirtg. ancj t~e rents, isaues and pro(ifs f~ereo~. unto f~e mortgaget. 1n ~es atmple.
!1?e mortgagor c~oven~nls ruifh f~e retorfgagee fhat t~e morlgagor ts indej~.,t6ly aeised of satd
Iand in (ee simple: thal tlee mortgagor has good rigkt and law~u! authority to c~onney :~td la?~d as ajore-
sQid: that Ifee morlgagor wi!! make such /urther wsurances to per~ect t6e Jee simple title to said land in the
morlgag~~e as may reasona6ly be required: that the mortgagor here6y jully wun+nnla the title to sutd land
and will dejend the sume against fhe lawJul claims o( all persons whomsoever and that said la~~ is (?ee
and c~ear oJ aII encumbrances exce~t as hereinabove set forth. !
~WY~1~ 7UW~s~ that ij said mortgagor sI?a[i pay unto said mortgagee the certain promLt-
i sory note hereinajter su6stantia~~y copic~ or idenli~ie~, to-wit:
~
;150,.000. 00 _ VERO BEACH, fLORIDA Ma~----~/--_----, 197_?__
Ay ereinafcer set forth-----_ __-~~~after date, I, we or either of us promise fo pay fo ihe ord of
THE INI~IAN RI~~ER CI'rRUS Br1NKt_____ -
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One Hundred Fif Thousand and No 100~___________________..______________
~o~~Rs
for val~e received, pa~rable at _____Vero ~3e~chs_ F~Ot'1dS~___ wiih interest
from ___date at ihs rate of __7_____. per cent per annum until pai~; intprest payabie _ Wlth_pr1l~Cip~i1.__
Md esch of vs whether make
, Qvuaniw q endqser, bereby seve.~lly w~ives ~nd rerqvncts ~ny and sil homestead excmption righti we may
have ueder the Constitution or Lswa of ti~e State of Florida, w any o~her S~ate, ot United States as sga'u?st thia notej a~d esch {urth-r wsi•res demand,
noNce of non~payment and protest, and in event it becorr~s necesssry to cofkct this note through an atto.ney, ag~ees ro pay s!! tosts of ml:ection,
inctudiny reasonable attorney's fee.
If defautt is made in psyment when due, then af the option of the hoWer, and without any olher notice, a!1 tlk remsinirg ba~ance sMall be ~ •
due snd payabb ~t once. ~
,
The sum of ~1S, 000. 00, plus accrued interest, shall be due and payable one (1) year
from date; the sum of $15, 000. 00, plus accrued interest,shall be due and payable
two (2) years from date; the sum of $15, 000. 00, plus accrued interest, shali be due
and payable three (3) years from date; the sum of ~15, 000. 00, plus accrued interest,
~ shall be due and payable four (4) years from date; the sum of $90, 000. 00, being the
full unpaid balance of principal, together with accrued interest, shall be due and
; payable five (5) years from date. Failure to make any payment within thirty (30) days
; of due date shall cause the entire unpaid balance hereof to be immediately due and
; payable at the option of the holder. The maker hereof reserves the right of prepayment
at an time without penalty. LEROY E. SMITH'S SONS, INC.
` s Ga le L. Smith
s~i
(Co . . Seal) President
' nto. tx,e------------------ Anest: ,s~ Elson R. Smith s~?~
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(Personally endorsed by Gayle L. Secretary
Smith and Elson R. Smith. )
~ ~ S' u ° ....arera
~Q~~NtAR i ?T~
TO O~IGIhsY. AVD C~1VC61,i,BD. .
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