HomeMy WebLinkAbout0995 ~Q !hs sam~. togother with th~ t~na~unta, hw~ditan~nta and oppurte-
nancea Iherefo be~ongtrtg, and !~e ?ents, issusa anc~ pro~ib th~o~. unlo f~e mortgagN, in Fse ~i?np~e. ~
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nl~ tl?s mo?Igagor coueno~ts u~ith ths mwteage~ t1~a! fh~ nwrtgogor is tndt~.a,iblr aeized oj suid }
land in (ee aimple: that the mongngor koa good rtgl~t and laui~ul authority to oonwp aatd land w n~on-
said: ttiat the morlgagor wi~~ ~nake such /urtke? assunaneea fo per(rct f~e ~s~ simple fitlt to ~aid Inncl i~ ih~
morlgagee as may ?easona6ly be requirod: that t1~e mortgugor k~reby /ully warranta tke tttle to said lnnd
and wtll dejend the snme agni~st the lawjul claimt oJ all penons wl~omsoever: and that ~aid lnnd 4~?~e~
and clear o/ all encumb~+nncea
I. ,
i ~QV~ ~~L{11~~~ fhat i~ said mo?tgagor •~al~ pny unto sai~ mortgages i~?e cerfatn prvmia- ~
sory note hereinnller su6stantially oopied o~ ideniiJied, to-wit: , ~
I
MORTGAGE NOTE
~ Fort Pierce , Florida ~
= 19,000. oo ~y 1 , 19 74
~
FOR VALUE RECEIVED~ the uadenigned, (jointly and severally, if more than one) promises to pay to
~j,~$ y,~~ ~p~ gpd Eljj/t D. ~OPTB~ 1116 w1Ye , or order, in the maaner hereiaatter specit~ed,
" _ ~~~~~~~N~N~~N~~~~~~~~~~~~~~~~___~~~~~~~
the principd sum of ~'1'~Ui~NNtll) 81titi .~n /100 DOLi.ARS
I,i.~~~O~QQ~ intenst (rom date at the nte of 8 per cent. per annum on the balance [rom time to time remaiains unPaid.
The ~aid principal and intercst shall be paYabk ia lawful money ot t6e United States of Amerin at
or at such place as may hen•aft~r be designated by written notice irom the holder to the maker hereo[, on
the date and in the manner following:
i The amount of tt~s Note e.nd l~o~a8e will be $19~000.00 with iaterest
f
~ thereon fs,om nate at the rate of eigbt per cent (8`~r) per annumy p~?able
in monthly installments of $181.58~ with the first payment due a.nd pay-
able Juae l~ 1974.
Privilege of making tw or m~re payments on the first of acLy month is
reservec; abave schedule pays out in 15 Yea~'s-
,
This note with interest u secured by a mortgage on real estate, of even date herewith~ made by the maker hercot in (avo~ o[ the said
payee~ and shall be construed and enforced according to the laws of che State o( Fbrida. The terms of said mortgage are by this reference
made a part hereoL
~ If default be made in the paymeat of any o( t6e sums or intereat mentioned herein or in uid mortgage~ or in the prrformance of
any oE the agreements contained herein or in said mortgage~ then the entire principal :um aad accrucd intenst shall at the option oE the
holder hereof become at once due and collectibk without aotice, time being o( the essence; and ~aid principal sum and accrued interrst
shall both bear intenst from such time until paid at the higheat rate albwable under the laws of the State o! Fbrida. Failure to exercise
- thii option shaU aot constitute a waiver ot the nght to exerci~e the same in the event o[ any suMequent default.
Each penon liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice oI dis-
honor and agrees to psY all costs, including a reasonabk attorney's fee. whether ~uit be brought or not. if, after maturuy of this note or default
hereunder, ot under said mortgage, couosel thaU be empbyed to cofkct this note or to protect the xcurity of uid mortgage.
Whenevet used herein the terms "hoWer", "maket" and "payee" shaU be comwed in the singular or plural as the context mar
rcquire or admit. ~g~A~~i11p A. Nelson~ Jr.
Maker's Address ...•-•--------------•...-•-----------.(SEAL) .
--.....l~--~...i~~80~~.. ~
~s~Doreen V. Nelson ....~sEAL> ~
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~ooK ` 2 PACE 9y3 . . ~~oN---------------------------- ,
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