HomeMy WebLinkAbout0832 3~ i~~ue and to ~lotd Ihe same.. togelhe~ wifh fhe fenemenls, heredifamenfs a~c~ appu~te-
nances Iherefo 6elonfling, an~ fhe ?ents, issi~es ancr pro(ifs I~iereof, unfo fhe mortgage~, in ~es simp~e. :
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~nd the mo~tgagor rnt~e?iants wilh the mortgagee tl~at the morlgagor is tndejeas~bly se~~d of said ~
Iand in /ee simple: tha! t1~e mortgagor has good ?ig1~t and Inwjul nulhority to convey said land as ajore- ~
snid: that the mortgagor will make such jurther assurnnces to per`ect the (ee simple titl~ to sa~d land in tht ~
mortgagee as may .~onn6ly be ~qu~.ed; lhat !he morteago~ hereby (ully war?anf~ the title to said land
ond u~tll dejend the same agatnst the Inwju! claims of all pe?aons whomsoever: and tkat :atd la.~d u/ree
and clear o( all encumbmnces
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~rouided ~lways, t~at i~ said mortgagor shall pay unto said morfgagee fhe certain promis-
sory nofe ~ereinajter su6~ranetally copiecl or identi~iecl, to-wtt: ~
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PRQMISSORY NOTE j
Fort Pierce, Florida ~
+ $160,000.00 Auguet 9th , 1972 ~
FOR VALUB R~CSIVSD, the ~dersiqned protnise• to pay to the order of
GIADYS P. McCARTY, as executrix of the astata of BRIAN K. McCARTY,
c]eceased, the s~ of ONB SUNDRBD SIXTY T~USADTD DOLLAR3 ($160,000.00) ~
payable in tsn (10) equal annual installmente of SIXTSB~T THOUSAMD t
DOLLARS ($16,000.00) each, ~rith the l~irst paymant baing dus one year i
' from the dat~ hsreof. The principal ba2ance re~aining due from ti:ne
~ to time shall bear intera~t at the rate of aeven anc3 one half psr cent ,
~ (7~6) psr annuaa, and shall be payabla annually with the first payment I.
; b~ling due ans year fraa the data hereof. The principal and intereat
shall l» pa~yable at 111 Boston Avenue, Fort Pfarce, Florida, or at
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such other place as the payes shall dasignate fran time to time in
wt it ing . -
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The maker shall have the right to prspay all or ariy part of the
prinripal o! this not• at any tima without penalty. Each such prapaymatt
shall bs acco~mpa~c~i~d with the amo~t ot interest accruad on the principal ;
~ so paid and ohall be creditsd agafnst the naxt maturing principal ;
installme~t hareunder. ;
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In th• evsnt of ths continuation of any dstault !n the payment of
the principal hereot or the interest heravn for a period of thirty (30) :
~ days, the holdsr hereo! iaay elect to d~clare the unpaid amount hereof
~ and the intorsst then accrued ino~sdfately due and payable.
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~ The maksr anct all sndorsera o! this note waive a~~a, p=esentmant,
~ notice o! nan-p~?yment, dishanor and protest, and agree that in case suit ~
~ sba12 b~ brought for the collection hereof or it is neces~ary to placs °
tbe sa~m~ in ths handa o! an attornoy for collection, to pay reaeonable
~ attorney's fess for making such collection. ~
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~'k: . c c T~4 d ~ !
~ s/ Marshall McDonald ~ {
~ . (SBAL) ` ~
. a t° 6'"`~~"~ . Marshall McDanald, as trustae ~
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BOOK ~05 PAGE O~~ I
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