HomeMy WebLinkAbout0879 ~o ~iaue and to ~totd I~i~ sami~, foy.~l~~er euit~~ 1~~r te~~eme~ils. {~ere~~itamenls an~~ app~ufe
ri~n~•rs 1~ec•rnfa ~~r~onging, aru~ 1~i~ r~nfs. issu~s ~nt~ proJils fl~ereo~. unto f~~P mortg~yee. in JPP simplp.
~nd 1~u~ morfgnqor i•ui~t~nonfs ~oil~~ Ihe mortq~t~ee 1~~nt fhe morl~n~~or is inc~~J~asib~y srixet~ oJ sait~
~ lan~l in simpl~: Il~al Ihe morlg~gor has ~ooc1 ri~l~f and lau~)ul authorify !u cunn~y sai~1 ~ancl as ujare-
I sai.~: I~at 1~i~~ murl~ngor u~i~~ ma~re suc~ ~urt~er assurances fo perfecf ihe jee simple liltp io sai~ tan~ in f~e
morfgaqee as mny reaso?iaGly F~e require~~; fhat f~e morfgagor ~erehy Ju~~y u~arrants f{~e til~e fa sait~ ~ant~
an~ u~i~~ c~v(enc~ t~~e snme against fhe ~aiof u~ c~aims o~ a~~ persons wtiomsoei•e~; anc~ thaf sai~{ ~an~ is Jree
nnd clear o( all encumb~ances .
Upon principal payments totaling $5,600.00, Mortgagor
shall be entitled to a partial release of ten (10) acres and a like
release on each subsequent 55,600.00 payment. However, releases
shall be granted only in tracts of ten (10) acres, more or less, and
in computing said ten acres, easements for rights of way shall be in-
cluded. The first tract shall be selected by the Mortgagor, and
thereafter, all subsequent tracts released shall either be con-
tiguous to previously released tracts or along the perimeter of the
property. Mortgagee specifically reserves rights of way across
released tracts for access to unreleased tracts in the event of
repossessing unreleased property.
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~rou~ded ~lways~ ttiat i` sai~ morlgagor sha~~ pay unfo sn~c~ morfgagPe ihe cerlain promis- ;
sory not~ hPrPin~jfpr sutisl~nfia~~V copie~ or i~enti~ie~. to-u~il: ` ~
35.500.00 Fort Pierce, Florida 16 ,~q_~~
~ hsr~iriilt~= sp~Cil1~ . after date, 1, we or either of us promise to pay to the order of
st. Luci~ Grows Znwsta~nt Ltrd.
Thirty tiw Thowaod live Buadr~d and no/100----- ~o~~s
for value received, payable at 7S IA9rv ~ir~, 'rG~0At0 1S, Ctlladi
with interesi
from ~te at the rate of 7 per cent per annum until paid; interest payable_~'+~11~
If defauh a made in any payment when dve and ~nYmues for 30 days, thcn at the option of the Fwlder, and witF~out any oHxr notice,
al) tM remaining bal~nc~ shall be due and payabk at on~e.
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Md e~ci~ of us wi~etl~er nuker, ~uarantar or e+?dorser, hereby tevera!!y w:ives snd renaurues any and a!! homaatead extmpteere r~hri
i we msy have u~der the Cor?stihrtion w Laws of the. Stste of Fbrid~, or any other St~te w United States, as ageinst this note; snd each further
t waives demand, notice of nonpaymeM and protest, and in event it becomes neceusry to colkct this rate throuyh an attwney, sgrees to pay
~ •II cosn of oollsction, inclvding ?essonabk sttwney's fee.
~ This note may bs prepsid in whok or in part at ~ny time withouf penahy. .
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~ Th~ principal •us o! i3S,S00.00 ~hall b~ payabl~ in •ev~u (7)
•uec~~~iva ~qwl ananal insl.all~wAt~ ot ;5,071. ~3 ~ach, th~ tis~t
o! vhich ~hall b~ dw and p~yabl~ oas (1) p~ar alt~r dat~. Znt~r~~t
on th~ uapaid balanc~ •hall b~ dw aad payabl~ vith each inata~l~ai
o! principal.
a~i~ixeds~otorig~n ~
Note and cancelled.
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~l~r~?Mc Iver
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