HomeMy WebLinkAbout2423 , ,
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i0 ~~iaue and to ~iotd I~~e s~m~, to,yelher u~ifti Ihe tenemPnls, hereditaments an~ appu?tv .
~ nnn~~s I~~~rnlo ~?~~onrying. an~~ 1~~~ rnnfs. issu~s an~ projifs I~preo~. unfo ftip morfgagep. in jPP simple. ~
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1in~ 1~~~• morlgagor co~~enanfs u~ilh f~~P mo?f~agee ?hal fhe morfgagor is in~~efpasi6ly seizec~ o~ soid j
land in ~ee simple: Il~at the mortgagor has good ric~h! and lnu~ful autl~ority !o coni~ev said land us afore- ~
sai~l: Ilia! 11~~ mortgagor u•ill make such ftulher os~urances to per~e~ct Ihe fee aimple litle to said land in the ~
morlyayee ~s may reasona~Iy he rPquire~~: Ihaf f~~e moN~ayor hereby ~u~~y u~ananfs Ihe lil~e fo saic~ ~nnd
anel u~ill dv(end fhe same aguinst !h~ lau~~ul claims o( aIl persons u~f~omsori~er; ar~d 1{~at said land is ~ree
! an~ c~FOr uj n~~ encumhrances ;
iI Subject to taxes aceruing subsequent to December 31, 1972.
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i~ Subject to zoning regulations in force and effect, easements, :
' restrictions and reservations of record.
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~rou~ded ~tways~ I~~af i~ sai~I morlgagor sha~~ pay unfo saic~ morfga_yee ftir ce?fain promis
I sorv nol~> ~~~•rc~ina(I~r su~.sfanfia~~~ copi~t~ o? ic~Fnfi~i~c~. fo tt~if:
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$ 90, 000. 00 1 PROUISSORY NOTE YY Stuart, Florida
J anuary " 19 7 3 ~
rUIt VALUE HECEIVED, the undersigned, jointly and severally, PR0~IISE TO PAY
to the order of ROBERT B HURL~Y SR and ALICE O HURLEY his wif~_
------------1\TIN TY TIIOLTSAtiD AND NQ/100-=------------ DOLLARS
at St.. f~ ~v _ or such other place as the holder hereof
rnay designate in ~vriting, together with interest from date at the rate of below ~
per annum on the unpaid balance until maturity. The said principal and interest
shall be due and payable as follows:
i Interest on the unpaid'balance of principal shall be due and payable annually,
~ commencing one (1) year from date. Prineipal shall be due and payable in
~ five (5) equal annual installments of ~18, 000.00 each, commencing t~vo (2) years
~ from date and continuing annually thereafter. Interest shall be payable at the
s rate of 8% per annum for the first two (2) years and thereafter at the 'rate of
~ ?°,'o per annum. .
' Right of prepayment, in full or in part, at any time without penaltv, is expresgly
~ reserved, subsequentto January 1, 1974.
~ This note is secured by a mortgage on real property located in St. LucieCounty.Florida
If ae:?ult be made for 3p days in the payment of any installment of principal
~ or i~'_°rest or any part thereof, the ~vholz sum then remaining unpaid ~vith interest
~ shau at holder's option become due and payable without no~ice. Failure to e:tercise
~ suc_~ oo~on shall not constitute a~vaiver of the right to exercise the same in th~
~ event of subsequent default. After maturity both principal and accruec3 interest
~ sh~'? bear interes~ at 10 o per annum until paid . The makers and endorsers
- o` this note furth~r ~sraive derr.and, notice o; non-payment and protest. If this note
r~ is r.ot paid at maturity and the same is placed ~vith an attorney for collzction, the
m~'•:ers and endorsers hereof agree to pay all costs of collection, including all
3,~r court costs and reasonable attorney fees .
; ~ EAL) ` - . -
A~ _.v~,~' C HA R L'ES E. M PH Y
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< (SEAL)
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~ HA~iK KE~~TE, as Trustee ~
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