HomeMy WebLinkAbout0375 ~0 ~(~t d~ fhe same, toget~e~ with the lenernanta, heredifnnients anc~ nppurte-
nances fhereto 6e~onging, anc~ !he rents, issues and pro~its therool. unto Ihe morfgagoe, in ~ee ti~npje.
the mortgagor covenants with tl?e mortgages that the mo~tgagor is indel~..~bly seized oj aaid
~ lnnd in ~ee simple: thnt the mo?Igagor has good ~ight and lawf ul authority to convey said land as ajore-
said; that the mortgagor will make such ~urther assurances to perfeci lhe Jee simple title to said land i~ the
mortgagee as may reasonably 6e required: lhat the morlgagor here6y jully wnn~ants the title to said land
nnd will de(end the snme agairut the luw~uj clair?u o~ all penons whomsoeuer; nnd that snid land is ~ree
and clear o/ alI encumbra~ces . PROVIDED 81.WA}~S ~ t118t if said mortgagor St18].1
pay unto said mortgagee the certain promissory note hereafter
substantially copied or identified, to-wit;
:
. ~ ~
$4~,000.00 Fort Pierce, Florida July 6, 1973 1
.'JR VALUE RECEIVED, the undorsigned, jointly and severally, promise to ;
pay to the order of FIRST AIATIONAL BANK OF FORT PIERCE at P. 0. Box
y70, Fort Pierca, Florida 33450, the principal aum of FORTY THOUSAND ~
DOLLARS, with interest at the rate of 8~% per annum from July 20, 1973 ;
unti~ paid, in inst811ments as follows; ~
Ynterest to be paid in quarterly installments, commencing ~
October 20, 1973, and on the 20th day of January, April, _
July and October each year thereafter unti~. the full princi-
~.ai amount is paid in full.
Principal to be paid as follow's: ;
sum of $4,000.00 on the 20th day of July, 1974e
:h~ s~:m of $9,000.00 on the 20th day of July, 19750
Tne sum of $9,000:00 on>the 20th day of July, 1976. -
The sum of $9,000.00 on the 20th day of July, 1977.
The sum of $9,000.00 on the 20th day of July, 1978.
A late payment charge not exceeding 5% of the delinquent interest and/or
~rincipal payment shall be added to each payment remaining unpaid five
days after its due date, and a like sum shall be added to each such
~ payment remaining unpaid five days after each succeeding payment date.
i
~
~ 'he maker reserves the right of prepayment at any time without penalty,
I
~ .n whole or in part.
1 any payment be not promptly paid within 30 days next after the same
~
s ?,ecomes due, then, at the option of the holder hereof, the full arnount -
; remaining due upon this note shall thereupon bec ane due and paya~Ie
~ at once, together with all other indebtedness stipulated in this note
~ and in the mortgage given to secure the same.
~
~ The makers and endorsers of this note further agree to waive notice of
~ non-payment, protest and demand for payment, and in case suit sha~~ de -
~ ,~rought for the collection hereof or the same shall be collected ~~on
:~~:ma;.ci af an attorney, to pay all expenses of such collection, inciud- -
~ L:1~ a i~% attorney's fee thereon. ~
~
~ Docuinentary stamps in the amount SUNFLOWER GROVES, INC., a
f; in the amount of $60 attached to Florida corporation
original note and canceled.
~ersonally endorsed and guaranteed - By ~s/ HARI~N C. McVEY (SEAL)
~y: Harlan C. McVey, President
~
~ /s/ NARLAN C. McVEY (SEAL) /S/ B~~ICE McVEY
~ Karlan C. McVey AtCest: (SEAL)
Beatrice McVey, Vice Presiden~
~ /s/ BEATRICE McVEY
~ (SEAL) (Corp a f f ixed )1
~ -
° ;,~-a ~ ~ ice McVey
c
/s / NANCY McVEY (SEAL j gQ~X z16 PAfE ~~J
~
~ ;~;cVey ~
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~°".u.~~~_ : =-e"- = . _ ; _ , ?";~"~'~,~'=`~~=i~Y'y.