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HomeMy WebLinkAbout2057 ~1?~d the same, togelhe~ with the tenements, hereditaments and appurle- narices fhereto 6elonging, and the rents, issues and p?o/ils t{~erea~, unto the morfgagee, in Jee simple. ~ ~d the mo?tflagor covenants with the morlgagee thut !he mortgagor is inde(easibly seized o~ said lantl in /ee simple: fhat the mortgago~ l~os good rigl~t a~d Iawju~ nuthority to convey sntd land as ajore- saic~; f~at !{?e morlgagor wi~~ make such f urfher assurances to pe~(ec! !he ~ee simp~e lif~e fo said ~and in ftie i morfgagee as may reasona6ly 6e required; thnt the mortgagor here6y /ully wurrnnfs the title to said land and u~ill de%nd tl~e same against Ihe law/ul claims o( all penons wkomsoever; and thnt said lnnd is f ree and clear oJ all encumbrances I I i ~ I i I , i I ~ I . ' ~ ~~V~~ 7i~Ways~ that i~ saic~ mortgagor shall pay unto saic~ morfgagee f~e cerfain promis- ~ sory note hereina~fer su6stantia«y copiet~ or idenli(~ed, to-wit: ~ s1, 373 . 00 No Fort Pierce, Florida ~ANUARY ~4 ~~9 For value received, I, we, or either of us, promise to pay without defalcation, to the order of FRANKLIN A. EIARRI3 at ~ office in Fort Pierce, Florida, the sum of ~Zs~~.n~ with interest from date at the rate of 10 •0 % per annum, in monthiy installments as follows: b 25•OQ on the 10~ day ofFEBRUARY,196~nd a like sum on the corresponding - day of each like succeeding month thereafter for a period of months, at which time the entire unpaid balance becomes due and payable on demand. ! A late payment charge of a~, shall be added to each payment remaining unpaid 7 days after its ~ due date and a like sum shall be added to each such installment remaining unpaid 7 days after each succeed- j ing payment date. i Each installment first shall be applied in the payment of the interest and then on the unpaid balance ~ of the principal sum. If default is made in the payment of any instaltment when due, then at the option of the holder, and without any other notice, all the remaining installments shall be due and payable at once. Privilege is given to pay two or more installments at any installment maturity date, but this shall not extend the time of maturity of any subsequent installment. Neither forbearance, nor acceptance by the holder hereof after any default in any payment hereon, shall be deemed extension. Each maker, surery and endorser hereof, jointly and severally, waives demand, presentment, protest and notice of protest for non-payment, and further agrees to any extension of time of payment, either before or after maturity, without notice to any of us; and to pay all costs of collection, including a reasonable attor- ney's fee in the event of any default hereunder, and hereby severally waives all benefit of homestead and exemption under the Constitution and laws of each State of the United States, as agai~st this obligation or any extension of renewal hereof. ~ ~ ~ ~ y~ /S/ GEORGE SANDS ~ WITNESS THE HAND AND SEAL OF EACH PARTY: (~e~) 4 GEORGE SANDS ~ /S/ Mt I nRFn MCPHEE SANDS ~seai~ ~ ~III.DRED ~'ICPHEE SANDS ~ (Seal) ~ I 6t~K ~ PAi~ ~:VW ~ ~ ~ -(Seap ~ ~ ~ ~ ~ ~ . -W 3 ~ ~ r,~ _a_ .~-..~~~~~'4~:~-~-_~:.