HomeMy WebLinkAbout1353 • i
f ~ ~
~o ~{aue ~nd to ~iotd I~e same.~ togef~~e~ wif~ !he lenemenfi. hereditamenls and appurfe-
nnnces Iherefo ~e~onging, a~~d Ihe ?c~nts, issues anc~ pro~its fhereo(, unto t~e mo~tgagee, in ~ee simpjp.
Ii1LU fhe morfgagor couenanfs wil~ !~e mortgagee Ihaf f~e mortgagor is incje%aiibly setzed oj said
~ ~an~ in ~ee simpje: 1~?nf fhe moiigagor /~as gooc~ right a~d law~u~ autho?~!y to convey snid ~and at u~ore-
saic~: fhat th~ morlgagor urijl ma~e suc~ f wlher Qisurances lo per~vct ttie Jee aimpla Iitle to said Iand in t{~e
mortgagee as may rraaonably be required: that t~?e morfgagor hereby ~u~~q u~a?rants the tif~e fo said ~and
a~ad u~ill dpjend ~{~e some aguins! tl~e luwJul claims oJ all penoru wF~omsoever; and t{~at said land ti J?ee
o~d cle~ oJ all encumbrances except taxes accruing subsequent b~ December 31, 1972,
zoning reatrictione, ooastal setback line regulatione, right of way for State Road AlA,
and mortgage from William H. Watson, Trustee, to Charlotte B. Gotfredeon, dated ~
~ September 20, 1971, recorded in O.R,Book 185, page 2308 and mortgage from !
~f William H. Watson, Trustee, to Charlotte B. Gotfredson, dated September 20, 19~1, ~
~ reoorded in 0,8.Book 185, page 2313, both reoorded inSt.I~cie County, Florida,
~ public reoords and having a total principal balance of ~379 , 000 . 00 .
~
if -
i~
i~
,
~ ~~V~ ~~ys~ t{~af i~ saic~ mortgagor shall pay unto aaic~ mortgngee fhe cerlain promia-
j sory note he?einajter substantial~y copied or ic~enfi(ied, to-wif:
f
~ l
~ ,
,
~ S 1; 6, 240. 00 PRO1•IISSORY NOTE Stuart Florida
June 18 19 73
FOR VALUE RECEIVED, the undersigned, jointly and severally, PROIIISE
TC. Pt~Y to the order of KICHAftD VERBIC and EUGE~IE L. LeI~IAIRE , Co-Trustees
--One Hundred Seventy-Six Thousand, Two Hundred Forty ~ no/ 100--DOLLARS
at 1209 Dundee Ave.El~in, Illinois 60120 or such other pl: ce as the holder hereof
n,ay designate in writing, together ~vith interest from date at the rate of -7- $
per annum on the unpaid balance until maturity . The said priricipal and interest
shall be due~and payable as follo~vs:
_
In Six (6) equal annual installments of $25.177. 14 each, and a seventh annual in-
~ stallment of $25,177.16, commencing on tr=~ 18 day of June, -1974 and c;ontinuing
~n the 18 day of June each year thereaiter until the 18 day of June, 1980, at
which time, the entire principal plus accrued interest shall be due and payable in
i full. Interest shall be due and payable semi-annually cammencing six months from
` date . Interest shall oommence tb run from June 4, 1973.
; Right of prepayment in full or in part at any time without penalty , is expressiy
~ reserved.
; This note is secured by a wortgage on real property in St. Lucie County, Florida
~
~
; If default be made for -30- days in the payment of any installment of principal
! or interest or any part thereof, the whole sum then remaining unpaid with interest
` shall at holder's op~ion become due and payable without natice . Failure to exercise
such option shall not constitute a waiver of the right to exercise the same in the
~ event of subsequent default. After maturity both principal and accrued interest
shall bear interest at -10- $ per annum until paid . The makers and endorsers ~
of this note further tvaive demand, notice of non-payment and protest. If this note s
~ is not paid at maturity and the same is placed with an attorney for collection, the '
makers and endorsers hereof agree to pay all costs of collection, including all i
court costs and reasonable attorney fees . ;
. ~
, ~ t
(SEAL)
David Serns, Trustee ~
~
, 1~
i
° R 215 d~~~ 135C1 ~
g~aoK r
~
;
C - . . . ~ ' - "
t _ 1
F~'-S.~t - ~"s _ - ~ ~
'.H`.r%.... ~ e~r-e'.~ s . f f. ~ _ ~ y e'~i'+
- .+r: e~~-,:~