HomeMy WebLinkAbout2442 ~ W~~ Il~e same, togethe~ with the tenements, hereditaments ancl appurte-
nances thereto belonging, and ll?e ?ents, issues and pro/its thereoJ, unto the n~ortgapte, t~ j~e simple•
~d the mo~tgagor covenanls with fhe mortgagee Ihnt the mo?tgagor Is inde(easibly seized o~ said
land in (ee simple: that the mo~tgago~ has good right nnd law(ul nutho?ity to convey said land w aJore-
said: thnt the morlgagor will make such lurtl~er asswnnces to per/ect ll~e f
ee simple tille to snid land in the
mortgngee as mny ?easonably 6e ?equired; thnt fhe morfgagor here6y ju~~y warranis fhe tit~e to saic~ ~anc~
and w~ll dgjend t{~e same aguinat the law)ul clnims o( all persons who?nsoever; and lhut said Iand is (ree
and clear o~ all encum6rances
SUBJECT TO that certain mortgage from Beach Club Colony of Stiiart, Inc. ,
a Florida corporation to First National Bank and Trust Company of Stuart,
Stuart, Florida, a national banking association, recorded in Official Records
Book 200, at pages 848 et seq. , St. Lucie County, Florida, public records;
easements, zoning resolutions and building restrictions of public record; and
ad valorem real estate taxes subsequent to December 31, 1971.
.M~:~~ a
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~V~ ~S~ t~at i~ said mortgagor shall pny unto 1nitl mortgagee !he certnin promis-
sory note5hereinajter su6stantially c~opied or identifiec~, to-wil:
$...7.Q,.009... O.Q...... Stuart, Fior~aa, S.~~texr.~b.~.r....~.~,......, 19. .
T~V O ( 2 ) y e a r s - - - - - - - - - - - - - - - - - - - - - - - - - - - af:er da . I. we. or either of us promise to pay io
. te
the order af
RA LPH \ORKIN ~
S~~TE~TY THOliSA\D AND NO/100ths ($70, 000. 00)------------------------ Dp~~~
:or ~a:ue received, togeiher with interest from date on unpud l~alaacas at tifteen (1~%).... p~. cent per annum unti: ia:;y paid.
Pa;~ab:e a: .7i... ~ ~ ' ~ ~ J ~ w ~ . ~ ~p v,
~ `•4:.A.r.-.. . . 1~...............
; Ir.~erest only ~o be paid quarterly, commenc~ng on the Z~th day of December, 197.., and
~ on trie same day of tilarch, June and September neYt succeeding uniil fully ~airi. Tr,e
E undersigned shall have the right to prepay this note in ~vhole or ir. part at any time tvi;.h-
~
ou~ penalty after one (1) year from date hereof, and shall have the right to prepay this
note in whole together ~=?ith a penalty of five per cent (5~0) of the principa~ balance aL any
zim~e with;n said one (1) year, or to offer substitute security oi equal value, acceptable
to RA LPH \TORKI\, in order to obtain a re~ease of the securiiy herein provided.
Interest payable quarterly.
\ow should it hecome necessary to collect this nate tbroubh an attorney. each of us, whe:her make:~ security, or endarser ca t:,:s
~ote, here5y agrees to pay all cos~ of ~uch ool2ec*•ioas, inciudinb a reasoaable attorney's fee. The drawe.~ aad er.3~rzers sa~.,:ally
waive presez.ment, proiest az?d notice of protest for ~onpayment of this note, an3 conseat that tine of payment hereof ir,ay ba ex.end-
ed wi:hout notice to the endorsers heteof, aad tl~at such extension shall in no wise affect their liability hereon. iipoa def~s:t co~-
thiY't (30) ~y ~~~t of p:i.cipat or i~terest as above specifierl. tne en~ire unpaid
a:Illlu'la for .Y.................................
pr~-~cipal sum less the amount of auy rebates required by law. shall, at the eiection ot the ~older of this note, beoome immediately, or
therea::er, due and payable.
~ This note is secured by a mortgage of evea date herewith covering lands ia ...St. .Lucie county, F:o::3a,
~ BEACH CLLB COLO~Y OF
' STi:ART, I\C.
~ ~umi~er ..............................P.O.Address..................... BY:.l.~l.~`..~'.4'.!' .G'~~~I..o C.!/~CS~e~
~ George Apo~tolo ulos, ~residen~
Due P. O. Address (Seai)
Foxa~ ioi
8001( ~~Vll PA6f
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