HomeMy WebLinkAbout1741 i
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; ~o ~iaue and to ~iotd Ih~ snm~•. Iuijrll~Nr u~ifh I~~e t~nements. heredilumpnls an~I appwfe
i~ naru-vs I~~~relo ~?~~onyin~~. nnd fh~ ?imfs, issu~s an~~ p~o~ils Itipreo~. unfo Ihe mortgagee. in JPP simp~e.
~ ~nd Il~e mo?tragor ~•ovenanls u~ilh thP mortyagPe Ihat Ihe mortgagor is indeJPa~~6ly aeized o( said I
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land in ~~P simpl~: tl~at fl~e morfgagor has good rigf~t and lawfu~ authorily fo convey said ~and w a)ore-
saic~; f{~af Itie morf~agor wi~~ make suc~ ~urfher assurancps fo perjecl Ihe ~ee simp~e fil~e to taid ~and in !~e
• morf~~a~~~e as may reasonably 6e requirecl; thal !he mortgagor {~ereby ful~y wanants the lifle to soid land
and u~ill deJ~nd ll~e same against Itie lawjul claims o( al~ persons whomsoever: a~d ihn~ said ~and is jree
and cle~ar oj all enrum6rances excepting taxes for -the year 1972 but subject to the
aforesaid terms, covenants, agreements, ob2igations and provisions of said
Declaration of Condominium, which Mortgagors in all things, jointly and
severally, do covenant to Mortgagee faithfully to observe and to perform;
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~ ~rouided ~tways~ lhat i~ saic~ morlgagor sha~~ pay unlo said morfgagee the certuin promis-
! sory note tiereinajfer su6stanlinlly copiec~ ar identifi¢d, to-wit:
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~ `~,•~~~.~J Stuart, Florida, $~Pte~er , 1972.
, "ror value raceived, I, we, or either of us ioint~y and severaily promise to pay in lawful money of the United States of
~ America to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal
sum of =~OUR THOUSF?~\D FOUR HUNDRED AND NOj1f~Q-------------------------------------~Ilars
together w~th ~nterest from d~tt at ti» r~» of 7-~ centum pet annum on ths w+pa~d balance until paid, t~id princip~i ~nd int~nit to b~ payabl~ u
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foiiows: In mon~hly inu~Um~nts of -.---EIGHTY_ EZGHT _ADTD._.17~~,_~.4.-_---.-.--.-.---~_ (i~a.1Z---_----_..) includinp int~re~t, on tM
i i t' ti ~ . day of each month bey~nning on ths I l i' S t day of O c t o be r 19_72 _
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~ iirst first October
~ and cont~nu.nd on the . . _ oay of each and ~very month there~her until ths _ . . _ . day of
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! i9 77 , on wnich said dats the entire ba{ance of pri~cipal and interest then unpaid shall become dw and psyable. Each payment is to be ~pplied
~ f,rst to ~nterest and the b~l~nce to principai. In ces~ :~id instaliments, or any of them, sre not paid within 15 days aftsr th~ ~am~ b~come du~, th~ whol~
~ of said princ~pal ~nd inferest sum shs~l forthwith become dw ~nd payablt st the option of th~ holder of thii not~. ; ;
` ' 'Ne, tiie makers, sureties, endorcers ~nd guarentas of thu note, hereby severally waive presentment fw payment, notice of non-psyment, protett ~nd
~ ` notice oi protest, snd d~i~gence of brinpi~y suit ~y~irut ~ny puty thsr~to, and consent thst tim~ of paymant m~y b~ extended without notic~ thereof to
~ ~ny of :ne sure~~es of thi: not~.
~ ~ Now, ~Fw~ld it be n~ceisary to collea this note through an ~nwney, e~ch of us, whetF~er m~ker, surety a endors~~ on this note, henby ~prN to pay '
' •I: costs of sa~d colleaion, includiny ~ reawn~bl~ ~ttoroey's fe~. `
~ $aid banK is hereby ~xpreu~y ~uthorized to retain any yeneral w apecial depos~t, ccllatersl, resl o~ persoe?sl security, u the p?oceeds thereof, belong-
~n~ ro eitner of us, now w hereah:r in ths pouessia+ ot it dwing ths rime tbit note remsins unpaid, and befo.e w aft~r maturity hereof may ~pply IM
~ •arr~ to th~s or ~~y oth~r d~bt w{iabiliti~s of ~ither of ~s to ~aid bank, dw or to becorrw due. Giv~n u~der the hand snd ~e~l of ~sch p~rty.
~ , ~OCiimBntary ;!.,,T ~ s
~ ~/'/~ted origiral r-', ~
~ O ~ld Canie:~e~ Zi _ $ee~)
~ OII~RT M. SCHINDELL
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~ No. Due ~ -(Seal)
~ y' B. SCHINDELL
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