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HomeMy WebLinkAbout2654 ; (1 ' - !1 i~ ~ ~ ~ TO N.lYE AlVD TO f10LD the same togetha with the tenemen~s, hereditamerets, and appurluwnea, ~nto t/u said blort~agee S, aul the i r b.irs ond assigRS, /ta .rimpk. ~ AND tht said ~lortgo~or~, jor themselves ~ t el ir~, le6a! reprauuativet owd sssians ; do covenant with said tVortgoge~_a their h~rs, kgal represen~atioes and out6ns tl~t said .Ko?t- ! ' ~ . i I aa~o~~-, are ~„d%asiblr uiscd o/ said bnd in /ee simpk that th~ said Mort6aaorS have ~ ~ ~ j I /rrl! power ond' low/nl iialat to conver said Iond in /a limple as a/oresaid; that it sl~all be law/al fot said ~lort ~ ~ 6a8~~ their h.irs, lega! rtpresentativet ond auia?u. ot all times peoceablY and quidlr to cnter ! I u o hold, occu and en suid lund; tliot said land is ree roin aJl tncumbrancw • tho~ said ll~o ors ` I P~ PI' 1~' ~ I • n6°6 i the ir ~eirs and kgai representatives, wiU mdce sucA /urther asswonct to perject the /ee siinple si~le to said land in said 11lo~tgogee~, rhe i r. btirs, le.6al rtpresentatives and assigns, m mar reasonably be " ~ required; and tbat said ~Jortgaao~ d~ Jrsreby Iulty uarrant the title to soid ~and and will defend tlu } sume ugainst the tau/r~! claims o/ aU persons whomwever. ~ ~ PR01'lDED .4LWAYS, that if said Mongagor~, their l+eirs, legal reprtsentotioes or assi~nt, i :hall par unlo 1he said Mortgagee S., the i r lrgat representativu or as:igna, t1u ccrtaiu promis~ory + no~e_., o/ uhicl? tJk /oUowins in words ond /igures 1 S a r,.~ ~oF~L-, ta~cit: ( ~ PROMISSOF~Y NOTE ~ $ ~~~3Q~.00 florida J'• ' .1~'~ FOR VALUE RECEIVED the undersigned, jointiy and severally. p~omise to PAY TO THE ORDER OF ~ilf1~~~~y~11~~ ANZLE B . MEAD, i1lar~w~ii - - - - - The principal sum of ~~T~ S~~N 1li0USANt? ~IREF_ HUNDRED DOLIARS--------------------- t$ ? 7, 3U0 . 00 ) together with the interest thereon from d.~ te ~ at the rate of ~8- percent per annum until maturity~ all payable in lawful money of the United States of America, as fotlows: . PAyable in ten (10) eaual annual installments o~ Nine Thousand Seven Hundred Thirty Do~lars t$9,730.00) principal payment plus eight per~ent ner arn~m {89',) intere8t on the nnpaid principal balance, comm~encing on June ~S , 1974, and annually thereafter until said principal s~ is paid i n~ ull. The makers sha21 have a thirty (30) day grace period for p~v~aent of princip~l and interest s+hen due upo~ Written notice. ' AII payments shall apply first to axrued inten~st, and the remainde~. H amr, to roducteon of prinapal. If any insiaflment of prir~c~~al or ! interest is not paid when due, or upon any default in the petformance of any of the cavenants or agreements of th~s note, or of any i instrument now or hereafter evidencing or securing this note or the obligation represented hereby, the whote ind=btedness (inctud~ng f principal and interest) remaining unpaid, shall, at the option of the holder, become immediately due, payable and collectibte, and wh~le in ! default, this note and deierred inte~est shall bear interest at the rate of _ percent per annum. ~ Each maker and endorser severatl waives demand. y protest and notice of maturity, non-payment or proiesi and all requirements neces- sary to hold each of them liabte as makers and endorsers. Each maker and endorser further agrees. ~o~niy a~d severa!!y, to pay aq € costs of colleciion, including ~easonable attorney fees in case the principal of this note or any payment on the principal or a~y interest ; tt,ereon is not paid at the respective maturity thereof, or in case it becomes necessary to protQCt the security hereof, whethe~ suit be ~ b~ought or not 3 f l ~ Payable at Sun Bank of St. Lucie ' F~. P erce, F ori a . ~~a~ s (seaq o~ such other piace as shali be designated b~r the holder ~ ? of this note in writing. ! i PORY and sholl per/orm, emnply witla aul abide by e~cJk and ev~r ~lu atipulations, asreemenu, ow?diaowi t~ covt- ~ ~ ~ ; nunts o/ taid promissorr not~ and o/ this deed, tlun t)his deed and t1+e estau thc~ebr c~~ated shdl aase and ; ~ ; be null and void. ; ~ ' ! ~ND ~/u said Mortgagor~.., for themSelves nnd their 7~eirs, lesat rtpnxntd- ! ~ ~ ~ ttvet and aatig~u, herebr covenant_ ond aaru: . ~ ~ - , i ~ - i ~ ` zZ5 ~ ~T 2U~~ f ~ _ ~ i . . . . , . _ . „ .