HomeMy WebLinkAbout0317 30 ~ue ~u?d to ~iold l~e surne, logefher with fhe tenemenf~, hertdilam~nb and appurie-
Rances thernto be~onging. n~~d Ihe rents. issues and pro(Ils fke?eo(• unto the motlgaet~. in ~ee siA+p~. ,
~ the mortgago~ rnvenants witl~ the enortga9ss 11~n~ the mortga9o? t+ tnd~~~°'i6ly ~etsed o/ aoid ,
~i ht nnd Iawlul autF~o~itp !o eonw~r ~aid_ land as n)ore- ~i
la~d tn ~~~+Ple: that the mortgago?~ has eood e ~ the ,t~u,b eitb eo aatd Iand tn th~
aatd: t{~at ~he mortgago~ wtll mnke ~uch /urtho~ ai~u?a"cei to ull wa~rants tht title to said lond
mortgagee as may reasona6ly be requi?ed: that iht mo?t9a9or 1~~~eby I l?
and will dejend the same agntnst the laur/ul claims oj nll penons whon~aoevor: o?~d ~ha~ saicl Iand ts fn~
and ~(ea. oJ att Bn~uMb.an~e,
~V~ ~~ys~ Ihot iJ said mortgagw s{iall pay unto said rno~tga9ee the certain promlt- .
sory note hereinn(ter su~iatantia«y caPied or idenlif
ied, to-u~it:
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$106,145.00 North Palm Beach , Florida • June 8 ,1973
FOR VALUE RECEIVED, We promise to pay to the order of LARRY ~
~ ~ vr.~c, 1.1?u 3um of ONE HUNDRED AND SIX THOUSAND ONE fiUNDRED FORTY FIVE
uuL1~ARS~($106,145.00), said principal to draw interest at the rate of
SEVEN PERCENT (796) per annum until fully paid, on the unpaid balance
due on principal; with the makers hereof paying sai~d princigal and
~ interest in FIVE (5) equal annual installments of $21,229.00 TOGETHER
~ witn interest to date of each principal payment, with the first payment
; to be made ONE (1) year from date and on the same date of each
} succeeding year until fully paid.
j In the event of default in the payment of any of the install-
~ ments above mentioned, and if said default shall continue for a period
~ o~ Fifteen (15) days, then the entire balance of principal shall, at the
~ option of the holder hereof, become immediately due and payable, without
r,otice, and the principal amount due shall bear interest at the rate of
Eight Percent (8'r6) per annum on the principal amount from the date of
default until paid. Failure to exercise` ~h#s option shall not
~ constitute a waiver of the righ ~ to exercise the same in the event of
any subsequent default.
The makers of this note shall not have the right of prepayment
until AFTER December 31, 1973; after December 31, 1973, this promissory
~ note may be prepaid in whole or in part without penalty.
~ The makers and endorsers of this note further agree to waive
~ demand, notice of non-payment, and protest of this note, and in the
event suit shall be brought for the collection thereof, or same has to
4e collected upon demand of an attorney. to pay all costs of such
~ collection, including reasonable attorney_'-s feej
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~ ' ,1 ~ iv 't~ ( SEAL)
W. . ~GE "
~i
!,~-c -c.(c't-.~~.~ (SEAL)
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~ ' EVE DULMAG
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~ .J /`c,~': ~t ~ ~f ~~~R- ( s~ )
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FRANK ,r , COLLI ~
eooK 2~.5 PA~E 3~5 ~ ~ ~ , ~
_ ~-~~z. ~_A- sEP?L
_ ~ LAURA A. COLLIE ~ ~ ~
G,:, 1
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