HomeMy WebLinkAbout1688 1iAY~ ~ W ~ I~s iame. l~pt~tr'wllh th• l~~~m~nfa. ht?~itamenb and nppurt~- ;
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nancea thereto belonging. ana fhe renli, luue~r and prof
tla thsno~. unfo Itis n~ortgagN. in (~e atn~p~. °
11111~ !he mort n or covenanls wifh 11~~ mort a ee thnt Ik~ mort ~
A e e e gaeor ti ind~l~,i6ly seised oj .atd
(ana tn ~ee simp~e; fhat ihe mortgagor hw good rigl~t nnd ~awJul authority to convey iaid land as n~on-
anid; Ihat the mo~tgago~ will make iuck /urfher assuranees to pe~ect tl~e ~e~ ii~npl~ till~ to sutd Iand in tl~e
morfga9ee w may reasonnbly be ?equired; that the moHgagor h.~br /ully wananti ihs title to ~atd land
and will dejend the aame aeni~st fhe Iawjul ciatma o( al~ penons whomsoever; and tkat aatd land b jres
and clea~ o~ alI e~cumbronces exeept the lien for 1973 t8X~8.
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This mortgage is given and accepted upon the turther condition that
the Mortgagee shall in case of default satisfy the obligations
secured hereby solely by foreclosure-and sale of the mortgaged
premises, and that the Mortqaqor shall not be personally liable
for any deficiency.
~~V~IK~L IiLW~ys~ t~at i f saic~ mortgagor :?~all ~xiy unto aaid mortgagee t~e certnin promis-
sory note ~ereinn~ter substantinlly copied or identijied. to-wit:
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$ 100~000.00 Stuart, Florida ______B~sil~____~~~___. . 1q . 7~__ ~
FOR VALUE RECEIVED, the undersigned, jantly and severally, PROMISE -TO PAY to the order of _ k ±
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__J. BDRR BARTRAM ~
ONE HLINDRED THOUSAND atnd 00 0_ --------------------------------------pp
. -------~------------~~--Q------------------------------ LLARS, ,
at ~Obe_ SOUt1d, FlOtld~lt___ 33455__________.__,______ _________or wcl~ other plsce as fhe holder
~ hereof may designste in writing together with interest from -tI'1~-- G~~~~---~,.@~~52~-------_-------
at the rate of ___SiX________ per centum per annum on the unpaid batance unti! maturity. The said pr+ncipsl and interest shal!
be due and payable as follows: One payment of principa2 in the amount of $33, 333. 34,
:•plus interest then due, shall be due and payable one year from the date hereo
:>one payment of principal in the amount of $33,333.33 plus interest then due,
:~shall be due and,payable two years from the date hereof; and a final payment
~ of principal in the amount of 533,333.33, plus interest then due shall be due
;and payable three years from the date heeeof. Prepayment may be made at any
time without penalty.
If d~fs~h b~ mad~ for 30 _ d~ps in tl?e payment of any instsll~nt of principsl or inM~st w swr part thenef, tM whol~ sum tMn remaininy `
unpaid with int~nst shall at heW~rs option beco~ due and payabl~ withoW notice. Faitvn to ~:ercist srch option sl~a!! nof constiluM wsirer of tIN ~
right to ~x~rciss tM sa+ee in th~ ~reM ef subs~qv~nt default_ AN~? maturitp both priACip~l snd accrwd inhr~st sF~all b~ar inbr~st sf ~ p~r c~ntrw~
per illpY~1 until paid. TM ~wak~rs aed ~ndors~rs of t6is nof~ furfMr wsive demand, notit~ of nowparawnt sad proMst. If this nefe is not psid sf
maturitp snd tM ssaK is placed wit6 an attom~r for colkction, Nw maken and endorssrs Mnof agn~ w par all costs of coll~ction, inclvdiny ap covrl
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costs snd r~ssea~bM ~~.~.r E.K. This Y10't@ 3.8 Bllb~@Ct t0 all of the t@1'I[lB~ provisions, COIl"
;~ditions and covenants of a certain real estate ntortgage securing the payment
hereof and bearing even date herewith ~ade ~y the undersigned to J. BURR
BARTRAavi.
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M . N ~so~/ ;
csEa?t) ~
M. R. :~elson, individually ana as Trustee ~ ;
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