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Home My WebLink About2118 TO HAVE AND TO HOLD tl~e same, together with the tenements. hereditaments and appurteuances unto the Association~ ia iee simple. AND the 14Iortgagor does hereby covenant with the Association that he is indeieasibly seized oi said leuid in fee simple; that he has full power and lawiul right to convey said lnnd in fee simple as aforesaid; that it shaZl be lawful for the Associstion at aU ttmes peaceably and quietly to enter upon. hold, ~~y ana enjoy said land; that said land i~ free from all encumbrances; that he will make such iurther assurances to pertect the fee simple title to said land in the Association as may reasonably be required; and that he does hereby iully warrant the title to said land and will defead the same against the lawful claims oi all persons whom9oever. PROVIDED ALWAYS that if the Mortgagor shaU pay unto the As~~ciaEian the certain promissory note uf which the following in words and Sgures is a true copy. tawit: ~orm No. ~C-Revised 1't/71 (12-71-iAA) ~ : f ~ ` ~ N~oit•rc~c~: nUTi. ~ . - 5135, OQO. 00 \'~rest Palnt Beach, Floi•ida - ~ February 197:i 1lfter date, for valuc recc.•ired, I promise tc~ pay to the order of FIRST i~ LllI~RAL SA~'INCS ANll I.OAI~ ASSOGIEI'rIO1~S OI~ TIIL•' P_11.1~1 ]3~:~1CI-IES, a carporation e.cisting under the la~ti~s of the United Stat~s of Anierica, the sum of O~L•' H(iNDRF.D THIRTI' FIVL•' THOLSAND ~1~1D ~10i 100---(.~135, 000. 00)--- DOLLARS, together ~vith interest as l~ereir_after stated in monthly installments of ONE T~IOtiS4ND AND NO/100---($1, 000. 00)---DOI,LARS each, the first payment due on the lOth day of December, 1973, and thereafter on the same day of each succeeding month till the lOth day of Januai•y, 1997, on ~vhich date the last payment of ~I, 000. 00 shall be made. ~Thereafter, oi~ the 7t1~ dati• of February, 1997, the entire balance on~ing shall t~e due and pa~•able. All pa~•inents shall be first applied to the payment of accrued interest and the balance remaining shall be applied to the payment oi the principal sum. This note ma3• be prepaid, in ~vhole or iri part, before maturitS• ~i•ithout penalty. Interest shall be paid at the rate of EIGHT PER CENT (8°,'0) per annum on all unpaid balances. This note shall be considered in defanlt when any payment required to be made hereunder shall not be paid ~vithin thirty days after the same becomes due, and shall remain in default until such payment shall have been made; ~ti•hile in default, this note shall bear interest at the rate of NINF PER CF;NT (9°0) per annum. All persons nojv or hereafter becoming parties hereto se~ erally tivai~•e demand notice of non-payment and protest, and agree that in the e~~ent of default in the payment of any indebtedness due hereuncler for a period of thirty days, the whole of said indebtedness shall thereupon, at the option of the holder of this note, become immediately due and pa3•able, and if this not~ becomes in default and is placed in the hands of an attorney for collection, to pay reasonable attorney's fees for making such collection. ~ It is expressly understood that the undersigned shall i~e relieved of all personal ]iabilit3~ for the plyment of this Mortgage Note after the improvements beir,g constructed upon the real estate de~cribed in the i~9ortgage securing this Mortgage ~tote ha<<e been completed, free of liens, said completion to be evidenceci by final funding to the undersigned pursuant to the Borro~vers Construction Loan ~ ~ Agreement of even date hereof. In the event the undersigned are reliet~ed of personal ~ liability as ~et forth in the preceding sentec~ce, the undersigned shatl be Iiable for ~ the payment of the debt due hereunder only to the extent of the proceeds of the real ~ estate described in th~ said 1![ortgage and the undersigned shall not thereafter be ~ subject to or liable for any deficiency jud~ment. i~--~ c_.s = . ~ . ~ FORT PIERCE 1~ II:LDS~ PLA7. ~ / _ f - ' r .~i~ ; , ` , ~ . I3Y: l~ t 1~; `r," ~ / ~ r , 1 . i ~ ~ ~ ~ ~i (Sea]) F3i'• ~ r ` ~-(Seal) ~1LBI:R'I' D~'1NGLE~j•` LMFf1~ Iti F.` ST:~11-3Lr;,R - ~ ~ / - i"~ /i / ~ . ;i -y~- ` / ' F3Y: ~i ; --t:' ~ % ~-r ; ttical) I3Y. • /J ' ~ - / ` ~ •~-:~C C~-~G=, (Seal) _;~-:{r~r. '~.,ti ~i~i~C)S ~ F}ii~:U :1. 1iT~:SIf:1E:_1 ~ - . . ~.K _ ¢ ' ~ a,: ~ ~ . : w ~ ~ ~ , ~ -~r.~'~-.°~.--`t~`~' A :~:.i. ~ . ~ - a ~ r.y _ `g' ~ s~ "z"Frn rs• ~""..~c-~~~~ S - - . ~~`s=.'. cr'~~:,~ _ . ~ : . . ~ s,~':~~