HomeMy WebLinkAbout1557 .~o ~tue And to ~lold Ike snme, fogefhe~r with !he tenem8n~~, h~ifd?Ksnta nnd appuNe-
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~ances therefo 6e~onging, and the rents, issues and profifs fl~ereo~, unto fhe morlgages, i~ ~ee stmp~e.
1NN~ tl~e mortgngor covenanfa wifh t/~e mortgagee t~ut the morfgagor b indeJ~~blr :.t~d o~ saFd
Iand in /ee simp[e: that the mortgogor haa good right nnd lawjul Quthority !o c~onver aQid Iand as oJoro-
~ said: t?~at the n~ortgago? will make such jurt~er aasw+ances to per~ecf t~s ~ee tImpls titla to a4id Io?~d in !ht
morfpagee as meoy reasona6ly be required; t1~at Ihe rno~tgagor h.,~by ~u~~I wcr?~n~ta the fit~ fo aaid land
I and u~ill d%nd fl~e snme agsinst the lawjul claims oj ul1 pe?sons whom'Maae~e~; and that said Iw~d ts J?ee
o~d ~1e4~ o/ a![ encumbrances ~ excepting taxes for the year~~lg'?'L but sub3ect to the
aforesaid terms, covenants, agre~ments, obligations and provisions of said
Declaration of Condominium, which Mortgagors in all things, ~ointly and severally,
do covenant to Mortgagee faithfully to observe and to perform;
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~V~~ I1iW~ys~ t~u! ij sai~ mo~tgagor shnl~ pny unto sni~ modgnges !~e certuin promfs-
i sory note hereinnfler su6stantially copie~ o~ idenlijiec~, to-wit:
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~ ~...,J.~1~. . - - STUAAT. Florida. - . . . . 19._..
: ~R VdLiiS RECEIVED, !he underci9ned, joinily and se~orally. PROMISE TO PlIY !o !he order otAqua-Ra Inc~ . ~
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----.----FOUR ._THOUSAI~D~ FNE. Ht3NDRED...A11iD._.KO/100. noL~.aa . i
..z _ . - . - -••-•••-..............or such ot6er place as ihe nolder
, ..ereof may desiqna!• in writinq. together with iaferes! from date a! ihe rate of 8. . per centum per annum on !he unpaid
~ balance uniii maturity. The said priacipal and interes! shall be due and payable as Eollowrs:
~$91.25 a month, the first payment being due one month from date, and
con~inue for each month thereafter until paid. This sum of 591.25 paid
each :r~onth shall first be credited to interest arid the remainder to the
prir.cipal of this obligation. This note may be prepaid at any time ~
wi ~:.o~t pena2ty. f
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1( dei.~~ k be madr tor 3~/ d~y~ in the D~~ent ol ~rr inftallment of pnncip~l or inlerett w anr oart thereof, tAe ~rhole •um then rema~nin~
..~,.{q v,~h .n;~rest ~hall ~t holder'a optioe~ become 1'.~e ~nd para6le ~itheut not~ce. Fa~lure to eaerclst such option al~~11 n~t conslitute a w~irer ot the ~
n.r.t c~ eec~c.,~• tne a~me ~n the errnt ot aubaeauent def~ult. Aller toaturitr botl~ pnecipd and wccrued int~rest shall bear ieterest ~t per cenlum
: an:.um uwti: p~~d. The ma4ers ~nd endorsers of thia note lurther raire ~~and, ~etice o( non-Paypept and prolt~t. iI tAis aott it not paid at ~
~~atur,ty and ~he samr :a placed ~.~tb an attoreep lor collection, t6~ ~~kers •nd endorKrs be?eel .~re~ te y~r all ce~b ol coU~clios, ~OCI4d1A~ dl cor?t ~
co~t• and re~aonable ~ttorner fees.
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! ~ry St~mp~
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~ ~d origira! ec~
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' • -~Id a~ceiled ~'~Z ~'~~i~t.:-{' . __.......(SEALf ~
Earl L. Cooper ?i
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~ _C.:~.:?..~~.._._ . ISEAL~ 1;
. .Anne C. Cooper ~
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; - ISEALI 1
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