HomeMy WebLinkAbout2792 ~'o ~laue and to ~iold f~~e same, fodef~~er wit~ f~e fenements. ~eredifamvnls an~ appurle- ~
~~nnres thereto ~PIOIlglq~, q?!~ t~~e renfs, issues n~id prorifs f~ierpof, unto !he morlgogee, in Jee simp~p. !
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1i1Ni fhe marfgaqor ~-o~~e~~anfs u~ifti the rnorf~ngeP I~at t~e morigagot is indp+easib~y seizc~ o( seid !i
~a~e~~ in (ev simp~e; ~~R~ ~/IB n~orlgaQor tias gooc~ rip~ti an~ ~awru~ aul~ority to coni~ey JaFa Ian~ as afo?e- i
saic~; thaf f~ie morfgagor u~i~~ moke such furlher ossuraaces fo perfect the ~ee ~eneple tii~e fo snic~ ~and in tf~e ~
morlgaJrp as m~y reaso~ta6ly I~e requirec~; ti~at the mortgagor ~ere~y Ju~~y u~orrants f~e tif~e lo saicl ~nne~
and u~ill dp/Pnd tf~e snme apainst tl~e [au~Jul C~qtRiS oJ ell persons whomsoever: and tl~at said land ts (ree
4q(~ C~Pp~ O~ Q1~ PI1fUItlOrances
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~rou~ded ~lways, f~~af i~ sai~I mortgat~or sI~aII pny unlo saic~ morlgagee t~e certatn pro~is- ~
sory nole j?p?pjRaJfpr su~stnnti~~~y copiec~ or t~PRIl~ie~. fo•wit:
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:~~7,000.00 Fort Pierce, Florida,'October 22, 1973 ;
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VALUE RECEIVED, I, we or either of us, promise to pay, without defalcation, ~
o t~e ordex of TROPIG-AIRE MOTEL, INC . at } ~ ~
'_~ort Pierce, Florida, or such other place as payee may direct in writing, ;
;.~e sum of SEVENTY-SEVEN THOUSAND aND NO/100 DOLLr~RS with intErest from +
:i~:te at the rate of 9-1/2$ per annum, in monthly ins~.allments, as follows: .
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:~~550:,0~ an~:~trie 22nd day of November, 19?3, and a li.ke sum on the corresponding
~~r of each •~1ike succeeding period thereafter through October ~ 22 , 1980 ,
,:3 $1-,000 .00 .~vn the 22nd day of November I9 80 , and a like sum on the correspond- ;
;_zg day of eacb like succeeding period thereafter until the whole be fully -
,aid. • . _ - - . _ . ~ . .
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~,ach insta?2ment first shall be applied in payment of the i.nterest and thex~
:•.?`_he ,unQa~_d balance of the principal sum. If default is made in the paymen~
of any~~ in'stalLnent when due and continues for 30 days , then at the option
:he holder , and without any other notir.e , all_ th~ remaining installments -
\~all be due and payab1e at ance. PriviZege is given to pay two or morP _
~nstalL~nents at any installment maturity date, but this shall not extend _
~:~e time of maturity of any subsequent installment. Neither forbearance,
~.~r acceptance by the holder hereof after any default in any payment hereon, -
:~hall be deemed extension. - " " _ - _ ~ . . -
::ach maker, surety and endorser, jointly and severally waives demand, presentment~
~:rotest and notice of protest for non-payment, and further agrees to any~
~~:~:{cension of time of payment, either before or attr.r maturity, without notir.e
~~o any of us; and to pay all costs of eollectian, including a reasanable
~.~corney's fee in the event of any default hereunc~ez, and her.eby severally
~:,-aives a11 benefit of ho:c~estead and e~~m~t~an undex the constitution and
~.aws of each State of. the United States , as against this obZigation or any _
,xtension or renewal hereof. _ . . .
`,~`itness the hand and seal of each par. ty . - -
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. _ " . ~=3~~ _ ~~~e.~r'T,,+ (S~'.AI.)
~ ~ R 219 27~ . _ . - _ _ f.
E0~1? PAGf - S= -
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