HomeMy WebLinkAbout1070 f~~e sum~. loyrf{~er u~if~~ f~~N lenemenls. Iierec~ifumenls un~~ uppwlv
~o ~lauc and to ~told ,
IIA~ICPS I~P/PIU E~.•IUH(~IAt~. AR(~ fhe mnts, issues aru~ projits 1{ier~u(, unlu !he mortgagee, in Jpe simplN. ~
~ 1~~P A1Uflqaqtlf i01'PIID/l~t U~1~~1 ~~P 1?IOI~~t1~PP ~~Q~ ~~@ morlgago? IS Ifl~PJPpSId~y SPIZP~ Of Sal~ ~i
(an~ in j.~ simpl~•; t{~at Ihe mortga~o~ haa go«1 ri9h! nn~ 1au~(uI authority to convey said land as a(on- ;
sa~d; ~I~at ~1~~ mort~ayor u•iIl make such Ju?the~ assumnres lo per(PCt the (ee simple title to said Innd in the ~
morl~ugre as may ~~o.~n6ly be ~equi?e~: Ihat Il~e mortgagor tierehy lu~~y u~arrants ftie fit~e to saic~ ~ant~ ~
and u•ill dP~~n~l the same agai?ut tl~e lau,(ul c~aims o( a1l penona wl?omsoei~er: and thu! said land ia f ree ~
~ ana c~enr o~ a~~ encum~rances ~
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~V~ jUW~s~ fhat i~ saic~ murtgagor shn~~ pay unfo said mortgagee the cerfain promis- ;
. sorv nofe {~ereina~fer sutislantin~~y copie~ or ic~enti~ied, to-u~it: ~
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~2.000.00 Fort Pierce, Florida April 17 lg 74
FOR VALL'E RECEIVED~ the undersigned~ jointly and severally. promise to pay to the ~
order oi FIRST NATIONAL BANK OF FORT PIERCE
~
P o Rox 9]0 at ~~~P.lerce . Flor
d.
~ a 334~0 ;
the principal aum oi '~'~ntrc ~d ~~~Q.(~. - - - DOLLARS. with ;
~
intereat at the rate of 9 1~2 per cent per annum from M~Y 1, 1974 until ~
paid, in inataliments aa follows:
Interest to be paid in quarterly installments cou~encing August
i 1, 1974 and the first day of November, Fe3ruary and May each
~ year thereafter until the full principal amount is paid in full. ~
The principal sum of $2,000.00 is to be paid May 1, 1976. ;
A late pay~ment d~cge not exoeeding 5% of the delinquazt interest and/or ~
~rina-Pal PaYment shall be added to each parymezit x~_,,;,,,g tnpaid five days i
after its ~ue date, and a Like sun shall be a~ded to each such payme~nt }
r~a;,,; ~ uYpaid five days after each sucoeeding PaYment date. ~
The maker reserves the right of prepayment at any time without
penalty, in whole or in part. ' -
If any installment be not promptly paid within ten days next after the same be- _
comea due, then. at the option of the holder hereof, the full amount remaining due upon ~
this note shall thereupon become due and payable at once, together with all other indebt-
edness stipulated in this note and in the mortgage gi~ en to secure the same.
The makers and endorsers af this note furt!?_er agree t~ waive notice of non-pa~~ment, ~
protest and demand for payment. and in case suit shall be brought for the collection ~
hereof or the same shalt be collected upon demand of an attorney, to pay a!1 expenses ~
of such collection, ;ncluding a reasonable attorney's !'ee thereon. -
1. Pmoeeds.... . 2,000.00 ~
_
2. M~rtgagee ~tLe ~ InsiJraonoe 50 . 00 `
3. Recording fees. . . . . _ . . . . . . 19.00 /s/ J~II~T 0. LiNSFORD (SEAL) s.
4. Amaiit ~`inanoed. 2, 000 . 00 J ohn 0. Lun s f or d
5. F~'~noe charge 380.00 -
6. Total paym~eYits . . . . . . . . . . 2 , 380 .00 _ _ (SEAL)
7. ~ual Per~tage Rate 9 1/27a
State Documentary stamps in the (SEAL)
amount of $3.00 affixed to origina 0 R 226 PAGf 1069
note and car~Qled. 50011
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