HomeMy WebLinkAbout0533 ~Q ~ L~ fhs sa~ne, toget~e~ witk the ton~enent~, he~ifanenta and appurte-
nances iherefo be~ongtng, nnd 11~e renfs, issue~ and prolils 11~ereo~, unto mortgagN. in ~e~ stmpje.
~ the ?no~tgnAor covenants with ths n~ortgagee Ihat th~ nwrtgapo~ ia ind~~oaai6ly ~eixed o~ ~atd '
Innd in ~ee stmple; that the mo?tgagor has good ~Ight and lawjul authority to.. conv~r aoid Iand w a~on- ;
said: that f1~e mortgagor will ma~e iuc1~ ~urfhe~ wsuranc~a to pe?f~ct fh~ jN airnp~ tit~ fo anl~ jand tn t~ :
mor~9ngee aa moy ~o?~61r 6. .~qut.~d: tkut the moNgagor h~rt6y (ully wananti tke title !o satd land !
and wtll dejend the same aAainst ti~e law)ul claima o~ all ps~soni wlwmaoever: und tl~at iuId land i~ jr~re t
nnd clear oJ all eRCwnbmnces
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In the event the first mortgage covering a portion of the
property is not paid as scheduled and goes into default the
mortgagee shall have the right to make paym~ents on the first
mortgage and receive credit for same. Default on the first ~
_mortgage shall constitute default on this mortgage and all
remaining payments under this mortgage shall become due and ~
payable at once .
.
~V~ ~s~ t~at i~ said mortgagor ahaU pay unto satc~ nwrtgngee t/~e certatn promL-
sory note hereinaJle~ substantia~~y copied or identi(tec~. to-wil:
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iNSTAILMENT NOTE ~
17 ~ 400.00 Fort Pier;.e, Florida, Fe~Val'~- , ~q_ 73
' For value received we, jointly and severally, ss principal promise to pay without defakation to the order
; ~ f BSTt'Y SUMI~SRLIN
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~ at the office of said payee in Fort Pierce, Ftorida, the sum of
~ Seventaen T'houeand Four ~narea-------------~--~-------~--------~---~ DOLLARS
~ v~ith ~interest from date at the rate of _~r~~~_9'o per annum, in monthly inst~llments, payable as follows, ta-
~ W;r: ~ro Hundrea and _ no1100----~DOLLARS, on the 18t _ day of __~r~ _ _ _ 19_ ~ ~
~ Two ~undred and_no/100-----
and _ DOLLARS, on the let_. day of each succeeding month there-
~ after until the whole sum named is paid.
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Each ins~altment first shall be applied in payment oi the interest and then on the unpaid balance of the principal sum. If default is made
~ the payment of any installment when due, then, at option of the payee all the remaining instaliments shall become due and payable at once. Privilege ~
~s given to pay Mro or more instatlments at any time. .
Should it becort+e necessary to collect this rwte through an attaney, either of uz, whether maker, surety or indorser on this note, F~ereby agrees ~
to pay all costs of collection, inctuding a reawnable attorney's fee.
The makers, sureties and indorsers hereof severally waive presentment, protest and notice of protest fw rtortpayment of this note and agree ~
that the time of its maturity may be extended befwe or after maturity and do iurther severally agree to any renewsl thereof befwe or after maturity, ;
~ ~.vithout notice of them. ~
~ ;
~ (5 State documentary /s/ Archie Summerli~ _ _ ~sEA~, ;
~ stamps attached to original A- rC~'1~ S~Y'~A ~
- tSEAI)
~ rote and cancelled) -
~ - (SEAL) ~
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