HomeMy WebLinkAbout2389 , i
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30 ~iaue and to ~otd I~~e Sll?t1Y. ~O(/d~~IP~ evil{~ fhe fenem~nts. ~~arec~ilumenls nn~t uppu?ir '
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nani•i~s f~ien~lo ~,~~on~~in,ry. an~~ t~~~ rnnfs. issu~s nn~~ pruJifs t~~pr~o(. unlo l~iP morlgagee. in JPP simp v.
~I ~n~ f~~e morf{~ayor covenants wil~~ t~~e morf{~a~ee !{iat fhe moifgagor is increjeasi~~y sei~ec~ u~ said ~
~an~~ in ~ee simp~F: I~~af 1~~e mortgngor has goo~ rifl{~f an~l ~awf ul aut~ority fo convey sni~ ~a?ul us u~ure- ~
snid; t{~al 11~P morig~{~or wi~l mal~e siuh ~urther assurances to perfPCt the fee simple tille to said Iand in tf~e
mortgui~rY as mny reasorinf,~y ~~e requi?e~: t{~at fhe mort,yagor liereby (u~~y u~arranls fhe til~e to sai~ ~an~ ~
!f und u~iil d~J~~nd l1~~ same A9AIIISI IhP lnw(ul claims oJ all persons u~homsoever; and that said land is (ree
anc~ i•~i>nr o~ a~~ eni~e~m~~m~~cFs
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~rouided ~itways~ t{iat i j saic~ morfflagor stiall poy unlo sai~ mortgagee f~e cerlain promis- ~
i sorv nufF ~i~rPinajfer su~~stanlia~~~ copie~ or i~entijiet~. to-u~it:
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~,A~O_~Q Fort Pierce, Flor+da ~~eY' 7~ , 1SR~._
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' for value reoeived, 1, we or either of us, promise to pay without defalcation, to the wder of
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~ B2LL 3TSfiART and NARLffifS 8~8HAAT, his irife..
~ s~ 2To5 Sauth htb B~reet, !'t. Pierce, Fl~orids 33~+50
i the sum of ~L9S '~Ot~A~TD eIId no/100-- ~ OOLIARS
~ with interest ffom date at the rate of ~e ~9 ~ % per annum, in the ma~ner following:
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instailmeMS sha1F be ~52-00 one ~~onth st'tel date ,~and a like sum on the correspond-
ing day of each like succeeding~~ thereafter untit the whole sum shall be fully paid with interest at
n3ae ~9~ % on the unpaid sums from time to time owing.
(Granting option to the promisor tfie~right of prepayment withouf penalty, and option to promise to add) _ooe-~96
~ interest cfiarges on all sums in default.
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~ Eacfi irtstaNment first shall be applied in payme~t of the interest and then on the unpaid balance of the principaf
sum. If default is made in the payment of any instaltment when due, then at the option of the holde?, and with-
~ out any o#her nofiae, all tfie remaining installments shal) be due and payable at once. Privilege is given to pay two
ri or more instaNments at any installment maturity date, but ittis shall not extend the time of maturity of any svb-
sequent installment. Weilfier farebearance, nor acceptance by the holder hereof after any default in any payme~t
` hereon shaN be deemed extension. ;
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Each maker, wrety and endo~ser hereof, jantty and severally, waives demand, presentment, protest and notice of ~
protest for ~on~ayment and fvrther agrees to any extension of time of payment, either before or afier maturity,
without notioe to any of us; and to pay atl oosts af oollection, including a reasonable attorney's fee in the event
~ of any defauk fiereunder, and hereby severally waives all benefit of homestead and exemption under the rnnstitu-
~ tion and laws of each State of the United States, as against this obtigation or any extension of renewal hereof.
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Witness the hand and seal of ead~ party.
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Stamps affixed to reoorded oopy.
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~ /s/ John D. 8t~+rsr!
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~ John D. Ste~vart
~ p g Brta J, atrrast
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