HomeMy WebLinkAbout1454 ~ ~'o ~{aue and to iiotd Ihe same, togethe~ with !he tenemenf~, /~e?ec~itaments a~d appu?te-
nances Ihe~eto helonging, anr~ Ihe renfs, issues and prof
ila fhereo(; unlo the mortgQgt~, iR ~ee simp~e.
il~ fhe rAO?fgapo~ cone?iunts wit~? t~e morfgagee f~uf f~e morfgago~ t~ tndejeattbly seizec~ o~ iatd
land in Jee simple; that If~e mortgagor has good rigl~t and Inw~ul authority to c~onvey :a~d land m aforo-
saicr: t~at the mortgngor u~il! make such /uHher atsurances to per~~?et ttie fee ~imple Nfle to ~akl Ione~ In tti~
mortflagee as may reasonably be requirecl; that tlee inwtgagor 6.~6y /ully wwranb tke title to satd land
and u~il[ deJPlid 1~P S(11!!@ against 1{~e IowJul cloirru o) aI~ penona wl~omaoeuer; and that aaid Iand b jne ~
and cl.
ar o/ all encum6rances
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( ~~V~~ ~~s~ that if said mo~tgago~ shnll pay unto snic~ mortgages the certain promit-
1 sory note hereina(ter su6atantin[[y copiec~ or identi(ied. to-u~it:
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PRO1~lISSORY NOTE ~
,
$25,000.00 Stuart,.Florida
; November 15, 1972
FOR VALUE RECEIVED, the undersigned promise to pay to ~
the order of CARL AND FRANCES GRECO and SALVATORE and FRANCES
TUMMINIA T Y- IVE THOUSAND AND 00/100 DOLLARS ($25,OOO.QO) ;
at ;
or such other ace as the holder hereof may designate zn wrzting, ~
together with interest from date at the rate of seven and one-half ~
percent (7-1/2$) per annum on the unpaid balance until maturity. <
The said principal and interest shall be due and payable as follows: ~
Twenty (20) equal quarterly installments of $1,250.00 each, plus i
interest at 7-1/2$ on unpaid balances. First payment to begin
January 1, 1973. Prepayment may be made after January 1, 1973
without penalty. If default be made for days in the
payment of any installment of principal or interest or any part
thereof, the whale sum then remaining unpaid with interest shall
at holder's option become due and payabZe cvithout notice. Failure
to e~ercise such option shall not constitute a waiver of the right ~
to exercise the saine in the event of subsequent default. After
maturit oth principal and accrued interest shall bear interest ;
at $ per annum until paid. The makers and endorsers of
this note further waive demand, notice or non-payment and protest. '
If this note is not paid at maturity and the same is placed with ;
an attorney for collection, the makers and endorsers hereof agree
to pay all costs of collection, including aIl court costs and
reasanable attorney fees.
s ( SEAL)
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( SEALj ~
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