HomeMy WebLinkAbout1944 i! . . ~ I
~o ~iaue and to ~iotd I~~e san~e, f~~c•1~~er w~l~: t~ie fer~ements, j~ere~~fnmenfs ancl appi~rte-
~ ri~uu•i~s I~u~n•fo ~,~~om~in~~. anr~ I~ie r~nts. issi~es an~~ prolits I~~ereoj. unl'o I~e mortgagee. in ~pe simplp.
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'1 11n~ I~v morf{~a~~or rnvenan(s tvith Ihe morlgagee fhnf !~e mortgagor is inJefeasibly seize~ o~ said
I l~uid in E P sim l~ thal il~e mort a or has oc~ ri i~t u~ed law ul aufhorit lo conve said land as ajore-
~f . n~: ~ g ~0 9 I y r
snid: that tl~e mo~f~taf~or.taill make sucl~ /urfJ~er assurances to per~PCt the ~ee simple title to said Innd in the
morlJu,y~e as rnay rPasono6ly be requirecl; that fhe morlgagor here6y /u~ly warranis Ihe tit~e fo sai~ ~and
i~ onri +ri~l dP/end Ihe same agains! Ihe lau~/ul claims of al~ persoru w{~omsoever, and tl~ut said ~and is jree
and c~enr of a~~ encumbrances
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j ~l'OUidM~ ~~WAlJS, fl~at if saic{ morlgagor shall pay unto saic~ rreortgagee t{~e certain promi~-
sory note I~erpina(fer substanlia[1y copi~r~ or iclenlijiecl, to-wit:
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= 171~391.00 Forc Lauderdalc, Fta.October 25 19 72 ~
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~ FOR VALUE RECENED, [/OE, or tit6er of us, pcomise to pay to che order of
i J. R. SHIELDS TRUSTEE '
ONE AUNDRED SEVENTY-ONE THOUSAND TAIZEE HUNDRED NINETY-ONE ana/no 100
LLARS
7401 S. w. 68th Court, Miami, Floricla
wich inceresc from Date ac che race oE Seven and one-hal~ )~r cenr p~r
annum uucil paid, payable as follows:
In eight (8) annual instaZlmenta, the firet of which ehnll be due on
October 25. 1973. The fsrst aeven (7) of said installments ehall be
in the amou~t of $21,423.88, plua interest at the rate of 7~96 per
annum on the unpaid balance, and the last payment shall be in t:~
amount of $21,423.84, plus interest at the rate of 7~9~6 on the unpaid
ba la nce .
The sole remedy against the maker of this note and mortqage for any
default in said note and mortqage shall be an action to forecloee
thie mortgage and no deficiency judgment ehall be rendered or entered
against the mortgaqor, who ehall not be liable to pay any deficiency
arising out of any forecloeure sale.
Mortgagor haa the riqht to prepay this note and mortgaqe in whole or
in part at any time after January 1, 1974, without notice and without
~penaltdy.
ow, shoul ~e become necess~ry to coll~ct this note throua6 ao actomey, ei[her of us, ~rhether m~{cer, surety, or endorser oq
this note. hereby agtee to psy all costs of such collectioo, including reasonable •ttorney'a fee. T6e dcawers and tndorsers
se~erall'y w~ive presentmrnt for paymenc, in procest, ~nd aotice for non-paymenc of chis noce.
IN THE EYENT sa~ psymeat oE intetest ot ptincip~l be not paid wichio Thi.rtv 3~
becames due, t6e holder of this ooce m~y, ac 6is option. declare che w6ole priqcipal aum hereof to be ammedi~tei
au~ .oa ~
p.r.bi
F~~ pc~c._ S~ar, vn ~ _ cs~8t) /8/ Jamea Kilgannoa ~
(Seai) ;
~ Jamea Kilgannon, Trustee
~ _ O~+n?~' . p~ .~.2 S 7. l0 O~.~i,~..ec~ ~ _ (Seal) _
p (Sea!)
o~,~~~ c~,o-~ ~.,a Pa~~...cl~~ ~
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suox 207 rac~i943
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