HomeMy WebLinkAbout0756 i~ ~ W !hs same, toget~~r wtlh th~ ttnemsntJ. ~~Itorp nnd oppurte-
nu~ret I~aereto lieloaging, Qnc~ Ihe rent~. tasues and pro~ift t~e?ro~, urtto fhe morteuQN, tn~is iimp~.
~N1{L f~ee mortgogor rnuenanls wtfti t/~e mortgnpe~ that fh• mortgngor ir [ndtj.~tblr se[zed oJ inld
land in ~ee simp~e; thot li~e mortgagor kaa good ?tght and lawf u1 authodty !o conuep satd land as a~wr-
soid; I/~at the mortgagor wtll n~ake such (urthe~ aasu?anes: to pe~ect !he Je~ aienplt fitl~ to snid Iond i?t tk~
moAgagee m may rensonably 1» ?equired: fhat the ntorfgagor ~~?eb~ ~uUy wnmtnb t~~ til~e to ~ntd ta~d
and will defend the same agninst tke lawJu! claima o~ aU penona whomao~ver: nnd 11?at ,~td i~,~d r, /n.
and cleu~ o( u~l encumbrancea
.
~V~ ~s~ t~nt i~ saic~ mortgago~ ahn~~ pay unto snid mortgagee t~?e ceNain prom4-
wry note /~e?einajter substantially copie~ o~ idenfijied. to-wit:
~ PROMISS4RY NOTE ~
~ Fort Pierce, Floride ~
' $40,000.00
~ 1972
FOR VALUE RECEIVED, we promise to pay, without d alcation, to the
order of ST. I.UCIE G10UNTY BANK, in Fort Pierce, Flor da, the sum of F~ORTY
THOUSAND AND NO/LOO DOLIARS, with intereet from da at the rate of eight
per cent (8~) per annum, in instalmenta as follow :
Firat paynuant ~f interest only shall be d e and pay le within
ninety (9p) days after date; eecond pa nt shall in the amount
of ~485.32, due and peyabie within une undred t nty (120) daye
after date. with a Like amount due o the same y of each and
every month thereefter until the wh e sum be ully pnid.
Each monthLq inatalment f irst e app ed in peyment of the int-
erest and then on the unpaid balenc of t pr cipel aum. If defeult is
mede in the payment ~f anq inatal w en , then at the option of the
holder, and ~ith~ut any uther no ce, L t remaining instalments ehall
be due aad payabLe at once. Pr p t, thout penalty, of the remaining
balance due an principal and ter~t is ereby granted. Neither f~rbeer-
ance, nor ecceptance by the o der her f after any default in eny peyment
herein, shaLL be deemed ex ns n.
Eech meker, surety nd endora hereof, ~ointly and severelly, waives
demand, preaentment, otest ~nd otice ~f protest for non-peyment, and
fur_ther agreea to an extension f time of peyment, either before or after
maturity, without tice to a of us; and to pay all casts of collection,
including a reae~ ble attor y•s fee in the event of any default hereunder,
and hereby sever Lly waive L1 benef it of homestead and exemption under the
constitution a Lawa of ch State of the United States, ae ageinst thia
obligation or any exten an or renewai hereof.
WITNESS ~ur hand and seals the dey and year f irst above written.
~Q, ~C~-*-- . , (SEAL)
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