HomeMy WebLinkAbout1150 3'0 ~ue ~nd to ~lold the same, logethe~ wllh Ihe tenemenla, hereditumenli and appurte-
nancns If~ereto belonging, and Ihe re~ts, issues a~~I proJits thereo/, unfo !he mo?tgages, in ~ee itm~;•
the morlgagor rnvennnis wilh the mortgagee ihnt the morteagor ts inde)ea~i6ly setzed oj antd
lnnd in (ee simple: Ihat Il~e mo~tgagor {~w good ri9tit nnd luw)ul authortty io conusp snid land os afore-
saic~: !ha! t{~e mortgago~ u~i« Ma~e sucl~ Iurt{~er asturances fo pe?~sct !hs Jee simp~e fil~e to snid ~ant~ in the
I morlgagee as may reasona6ly 6e required: i1~ai fl~e mortgagor I~ereby jully wwmnts the title to soid land
and u~il[ de~end t{~e snme against the lau~jul clai?ns o~ all persons whomsoever and tl?ut said land ia /ree
and ~Iea. o) all encum6mnces , except taxes 1 evi ed subsequent to December 31 ,
972.
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IA'the event any of the seven trailers located on this property
are sold by the Mortgagors, they must be sold at a reasonable
market price and the~proceeds shall be paid to the Mortgagees
h~rein and applied to the unpai~i principal balance of the Note
secured hereby.
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; ~rouided ~lways, that i~ saitj mortgngor shall pay unto said mortgagee t~e certatn p?omis-
sory note hereina~ter su6stanfinlly copied or sdentified, fo-u?it:
MORi0A0[ NOt[ '
~ 43,000.00 Lake Park ,
October 24th . ~9 73
FOR VALUE RECEIVED~ the undersigned. (jointly and sr~•~rally, i[ morr than one) promises to pay to
RILEY REYNOLDS and ANITA REYNOLDS, his wife,
~ or order. in the manner hereinalter speci(ied,
cbe princ~pal ~um oE FORTY TNREE THOUSAND AND =-----------------------NO /100 DOLLARS
I= 43 ~ ~0~ with interest from date at the rate of 5 1 X p~r c~nt. per annum on the balance trom time to time remaining unpaid.
The said ptinci 1 and interest shall be payable in lawful money o( the United States of America at 2 3 ~ S a v a n n a h R o a d~ F t.
. Pi e r c e, ~l o r i d a or at such place as may h~~n~aftrr t~c di•sienatcd b}• writt~n ~otice (rom the holder to the mak~r hereof, un
' ~ the date and in the manner following:
' Principal and interest payable in installments of Four hundred seventy-seven
~ and 40/100 Dollars ($477.40) each on the 24th day of each and every month
" beginning on the 24th day of November, 1973, and continuing until October 24,
~ 1983, at which time any unpaid balance shall become due and payable.
~ Each installment payment shall be credited first on the interest then due;
~ and the remainder on principal; and interest shall thereupon cease upon the
~ principal so credited.
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This Note may be paid in whole or in part at any time after five years f rom
~ _'~te, without any penalty.
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T'his note with int~rt~t ie secur~d by a mortKaR~ on r~al estate, of ~ven d:~t~ hrn with, m.~dc b~~ thr makrr hrrrof in (a~~~~~ af tl~r sai~l
= payet, and ~hall be construed and enforced accordinq to thr laws of th~• Stat~ af Fturid~. l'h~• trrms uf said murt~.~e~ :ur by this re(~~r~•nr~•
= made a part herco(.
- I( dcfault be made in thc payment of any o( the sum~ or interest mentioneci h~n•in or in said mortqaq~, or in the ~r(ormanc~ of
an~• of the agrcem~nts contained herein or in said mortgage, then the entire principal sum and accrucd interest shall at the option of thc
~ holder hereoE become at once due and collectible without notice, time being ot the ~urnce; and said princ~p:~l su~n .~nd accru~•d inter~s~
shall both beat interest from such time until paid at the hiqhest rate atlowable undcr the laws of the Statr of Fl~rid.~ Failure to ~xercis~
1~ this option ~hall not constitute a waiver of the right to exercix the same in the r~~ent o[ any subsequPnt drtault.
~i~Y
Each perwn liable h~reon whether maker or endorser, hereby waia•~s prexntment, protest, noticc, noticr of protest and notice of die-
~ honor and agrtes to pay all cosu, including a r~asonablc attorne~'s f~e, whethcr suit bc brouqht or not, if, after matunty o( this note or dcf.~ult
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hereunder. or under said mort¢age~ counsel shaU be employtd to collect this note or to prutect th~ s~•cunty u( said mortcaQC.
ry^
Hhenevcr usrd h~rein ihe t~rms "hold~r", "makcr" and "P~Yf~' s~ b~ onstru~~in t~'sinGular or plural as the conti•xt ma~•
~4 require or admit. ` J A~
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Maker's Addrcss . . . ....(SEAL~
~y o.r~f~ .d..-
' 206 Inlet Way '
; - ~ ~ ,C~9 t ~.;,L~. . . ................~se:~L;
r~~,~--__.. Riviera Beach, Florida n~~Ktlrn~~l~i~
~ . . . . . . _ . ,~nt~.~~ --J'1 ~LE. .l . . {SE:~L?
~ ~ Franz Kl~pi es
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c-t 1-~ . -G.<~~. K.~ _ ..........(SEAL,'
~w:` Rnna KTespies :
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