HomeMy WebLinkAbout1357 i~ .
( t~ ~~d the aame, toyether wilh Ihe tenemenfa, hereditaments and appurte-
~0 ~laue ~ttd
~ nancea Ihereto ~e~onging, anc~ ftie renls, issues and projib t~~ereol, wifo the mortgagee. in jee aimp~e.
~ ~11{{l !he mo~tgapor covenonls with Ihe mo~tgagee lhat the mortgngo? is indeJe~~6ly seized oJ said
=I ~anc~ in (ee simp~e: ttiaf !~e morfgagor ~as good'rt9ht .and Iaw(u~ authorify to convey ~aid lnnd as a~ore ~
,~I said: lhat Il~e morlgagor u~ill malre auch /urlher assurancea to perjPCt the ~ee stmple title to, said Iand in the
morlgagee cu may reosonably 6e requi~ed; that the mo~lgagor hereby /ully warrants the title fo suitl ~and
' wnd u~ill de~e~~ fhe same agninst fhe law~u! claims oJ all persons whomaoever: and Ihat said land ia f
ree
_ , nn d c lear o/ a l l encum 6rances E X C
E P T T A X E S a c c r u
in g subae quent bo December 31, 1972,
zoning-restrictione, coastal setback line regulationa, right of way for State R.oad AlA, i
mortgage firom William H. Wateon,Trustee, to Charlotte B. Gotfredson, dated ~
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- September 20, 1971, reoorded in O.R.Book 195, page 2308 and mortgage from
William H. Wataon, Truatee, t~ Charlotte B. Gotfredson, dated September 20, 1971,
, xeoorded in O.R.Book 195, page 2313, both reoorded in St.I~e County, Florida,
public reoords and having a botal principal balance of #379 ,000. 00 .
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~~QV(~ ~((~~5~ thal i~ said mortgagor ~hall pny unlo said mortgngee t~e cerfain promts- ~
~ sory note hereina~ter substantially copiec~ or ic~entijiecl. to-wit:
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S 1, 031, O 10 . 00 PROi1'IISSORY NOTE S{~~t Florida
June 18 1973
FOR VALUE RECEIVED, the undersigned, jointly and severally, PROIVIISE
TO PAY to the order of RICHARD VERBIC and EUGENE L. LeR~1AIRE . Co-Trustees
One Million. Thirty-One Thousand and Ten and no/100--------- DOLLARS
at 1209 Dundee Ave., IIgin,~noi~~' or such other place as the holder hereof
~ may designate in writing, together with interest from date at the rate of $
E per annum on the unpaid balance until maturity . The said principal and interest
~ shall be due and payable as follows:
~ In Six (6) equal annual installments of $147,287.14 each and a seventh annual in-
~ stallment of 5147,287.16, commencirig on the 18 day of June, 1974, and con-
tinuing on the lg day of June each year thereafter, until the 18 day of June,
~ 1980, at which time the entire balance of principal plus accrued interest shall be
~ due and payable in full. Interest shall be payable semi-annually oommencing
~ six (6) months from date. Interest shall commence to run from June 4, 1973.
R.ight of prepayment in full or in part at any time without penalty, is expressly
reserved.
This note is secured by a mortgage 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 un_paid ~vith interest
~ shall at holder's option become due and payable cvithout notice . 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- °s per annum until paid . The makers and endorsers
of this note further cvaive demand, notice of non-payment and protest. If this note
~ is not paid at maturi*_y and the same is placed with an attorney for collection, the
makers and endorsers hereof agree to pay al~ oosts of collection, including all
court costs and reasonable attorney fees .
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/s/ (SEAL)
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_ . David Serns,. Trustee
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BooK 215 ;13~ ~
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