HomeMy WebLinkAbout2880 4 ~
~o-~ue and to ~iold Ihe same, fogelher with the lenemenls, heredilamenls and pNW111IP-
nances thpreto 6Plo~igin~, nnd the renls, issues and pro~its Ihereo~, unto Ihe mo~tgagee, i~ f
ee simple.
the mortgagor covenanls with the mortgagee that Il~e mo~lgago~ is indeje~~6lr seize~tl oJ said
land in (er simple; Ihat Ihe mo?fgagor has good rigl~t and lawf ul authortty to convey said land as a(on-
said: Ihat Ihe mo~tpagor will moke such jurther assurnnces to perjpct tl~e fee simple litle to said Initd in Ihe
~ morf~agee os may reasona6ly be requirec~: f~a! the morfgagor hereby ju~~y warranft ttie fit~n lo saic~ ~and
~ and u~ill de(end Ihe same agains! IF~e law~ul clnims o( all persons whomsoever: and that said lnnd is ~roe
and clear oJ all encum6rances
~
I
i
` .
I
i
.
~~QV~~ ~~ys~ fhat i~ said mortgagor aka~~ pay unto said mortgagee the certain promit-
i
l sory note ~ereinajter Su6s~an~~alty copie~ or identijied, to-wit:
II
~12,000.00 Fort Pierce, Florida May 15 lg 74
FOR VALUE RECEIVED~ the undersigned~ jointly and aeverally. promise to pay to the
order oi FIRST NATIONAI. BANK OF FORT PIERCE .
P. 0. Boa 970 at Fort Pierce, Florida 33450
the principal sura of T~L~ T~OUSAND 8nd no/100- ~ DOLLARS. with
intereat at the rate of q 1/2 per cent per annum from T~**+p 7 r 19~4 until
paid, in installments as tollows :
Ninety-sia (96) equal monthly paymenta of ONE HUNDRED SEVENTY-EIGK
~ aad 93/100's DOLLARS ($178.93) , with firat payment to conaaoence
~ July 1. 1974~'aad a like av~ an the correapanding day of each
` like oucceeding period thereafter until the xhole be fullq paid.
~ Each installment ahall first be applied in payment of interest
and thea ~a the vnpaid balance of the principal sum.
A late pay~oeat c~~ng~e t~ot e~o~ SX of the de].irquent payment s~ll be
added tn each iastallarent s~aining u~eid five ~5~ da9s after ita due dete.
aui a 13ke sun sha].1 be aclcted t~ each sudi installment v~aid five dsye
after eadi surooeedls~g paya~tt date.
The maker reaervea the right of prepapment at any time without
penalty, in ~hole or in part.
If any installment be not promptly paid within days next after the same be-
comea due, then, at the option of the holder hereof, the full amount remaining due upon
this note ehall thereupon become due and payable at once~ together with all other indebt-
ednesa atipulated in this note and in the mortgage given to secure the same.
The makers and endorsers of this note furth er agree to waive notice of non-payment, ~
protest and demand for payment, and in case suit shall be brought for the collection
hereof or the same shall be collected upon demand of an attorney, to pay all expenses
of such collection, ;ncluding a reasonable attorney's fee thereon.
1. Pznoe~d~ ................$12~000.00
2. Mo~rtg~ee Tltle ?naurenoe ].32.00
~ 3. poiat disootnt 240.00 /s/ ~ E. PAtII~'Y (SEAL)
4. Rea~o~ding ooots.. . . . . . . . . 50.00 Clarence E . Pauley
5. Abots~aat Qoc~~.... 30.00
~ 6. ~muomt PYnen~ed..........12,000.00 /s/ C~E."~ PAIIIEY
7. Fin~loe t~~~e.......... 5.177.28 Gf - -(SEAL)
S. Total payments.......... 17,629.28
- 9. ~tsal Pl~oe[it~e RBte.. 9 1/2~ (SEAL)
F i PAGE ~,0~~
(SEAL)
I
_ - I _
~,~,y~
e~. ~M~ Y , _