HomeMy WebLinkAbout0146 ~o ~ue nnd to ~iold the same, fopefhe~ u~ith ihe tenements, he~~ditaments o~~~ appurle-
RQ/lCP3 f{~erefo ~~e~onging, an~ Ihe ?enfs, issues and p?oJifs f~e~eo`, unto f~~e morlgaflee, in lee aimple.
T1nd the mort~agor conenants with Ihe mortgagee thal Ihe mortc~agor is inc~e/easi6ly seized of saitl
Innd in Jee simple; fhat Il~e mortflagor has good right a?id law(ul aufl~orily fo convey said land as ajore-
sait~; tha~ ~hp mortgapor u~ill make sucl~ ~urfher assurances to perfeci Ihe fe~ simp~e lif~e [o saic~ land in tl~e
mortgagee as mny reasonab~y ~e requirec~: thaf f~~e mo?tga~or heretiy Ju~~y ~i~arranls the tit~e fo saic~ ~and
and will ~e)erid t1~e same An~~?~St th~ ~au~jeil rlaims o~ aII persi~ns ~i~l~ornsoei~er; and Ihat sait~ la?ul is free
ane~ clenr o~ nIl Pncum6rances "
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~rou~ded ~llways, t~~af ij saic~ morft~ayor sliall pay ulilo sai~ morlgagee Ihe certain promis-
` sory nofe {~ereina~ter suhsfanlin~~y copiec~ or ic~entijie~~, to-ioit_ ~
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- - FORf PIERCE, FlURIOA. . ""'~~l ~ ~O ,
PAYMENTS INIEREST
OAT[ AMOUNT •.?L. DU[ OATE AMOUNT VAIO TO
- Fa wlw rec~iwd. tM und.npn.d promi•.(.) ro paY ro rh. ad~. of Mw
~ ST. LUCIE COUNTY BANK
FORT PIERCE. FLORIDA
; _ ~ ~h. P.(ncip.~ .w++ of .
~ - ONE f~UNDRED and FIFTY TH~I7SANn oeia..
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~ v ~=150, 000.00,, with MMr~~f r«m date
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~ •t tM r~t• of 7~ per c~n~ p~r annum on ths vnp~id b~lanc~ vnNi p~id.
Th~ ~~id princ:pal ~nd Int~r~~t shall b~ p~y~bl~ ~t tM S1. lucl~ County dank. Fwt
- Pi~rc~. flaid~, w~t ~vch oth~r pl~c~ a~ tM hold~r mey d~sipn~l~ in wri?Mp, ~ald
j ~ ~ principd to b~ paid ~t tF?~ dd~ a+d ie th~ m~n~wr followinp:
The principal sum shall l~e payable in three successive annual installments__
of $50,000.00 each, the first of which shall be due and payable one year
from date. Interest on the unpaid balance at 7'~96 per annum shall be due
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and payable with each installment of principal.
~~r t( defavh pe made ~n any ins~sllment vnder thi~ no~e •nd if •ny such defauN i~ oot made yood within 30 days of tM da~ of wId d~f~uh, tM ~ntu~
:,nnupal sum ari scn.~ed 'r~tereat ~h~ll ~t oncs become due ~nd payabl~ without notic~ ~t tM oplloe~ of tM hold~r of thb noq. Fdlur~ lo ~z~?dw thi~
~ op~~o., si~t~ ra~ c~nrtu~• a w~irer of tha ~i9ht to exercise the same in the went of ~oy wbsequeM d~iault. In tM wtnf of d~f~uh in fM p~y~ewnt of
~ ~h~• n.~t~ ~nd ;f tM i~ne Is collected by ~n ~ttorn~y ~t law tF» undersi9ned hereby ayre~ ~o pay dl co~n o! colleclion Includinp a ruweubl~ ~tt:.re»y'~ fN.
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~ 5r!d 5+. luc~e Covr.ty Q~~~k beln~ •xpre~~ly authori:ed to reuin ~ny yenanl w tpecul d~posit, collatNd, r~d w p~rsond Mcurity w proueds thenof,
~ belo.+g7.~ to either of w, vchethN maker, sec~?ity w endone~, eow w he~t~fler ~n po~u~sio~ of taid St. luti~ Covnty 6~nk durinp tM fim• thy not~ rt
~nain~ ~np~id and h~fcv~ a~ItN maturity apply ~amt fo this ot a?»r d~bf or li~bility to i~Id B~nk, dw w to bKOm~ dw b th~ hold~r of t6M not~.
~ r..,.~+~~~ .~a ~o~.,r .~d ~u~. i,...~ w.~~.a. LAI~SIDE GA ENS, Inc. (Corp. Seal)
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~ -W- -Co at ion gy; L-• t)ti L~L- t- . ~ 7
~J~c%- M. . R ey en ~ ' ~
~ ' , J ' Attest: ~ ~
~ ~ Leon D. Miller, President Phillip P. Zipee, Sec et ry ~
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~ °~~cx ~08 rr,~f ~4v I
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