HomeMy WebLinkAbout0154 ~ . .
~o ~ue and to ~old Ihe same, together u~itti ftie lenemenis, hereditamenfs anc~ ap~urfe-
~ances t{~erefo be~onging. anc~ fhe ?ents, issues and pro~its ttiereoj, unto the mortgapee, !n jee simp~e.
~ I~e mo~fgago~ covenants wilh the mortgngee Ihat the mortgapo~ is indefeasiLly seize~l of said '
lnnd~ in (ee simple; thaf Ihe mortgagor has good right and lawJul authority to coni~ey said land as a~o~e-
said: thaf the mu~lgagor~ will make such Jurther assu~ances to per(ect Ihe Jee simple title lo said Innd in the i
~nortgoge~? cu may rcasona6~y 6e required; thal fhe mortgagor hereby f u~~y u~a?mnts i~e lil~e to sai~ ~anc1
ancl wi~l t~ef
e?td t{~e same againsl Il~e lau~~u~ c~aims o~ aI~ persons w1~o?nsoeve~: an~ Ihat saic~ ~arul is f
ree !
and ~I~r of aII enciim6rances •~is mortgage, is given to seeure the payment of
hat certain obligation or indebtedness now in existence as evidenced 'j
y that certain promissory note, a copy of which is attached hereto. ~
is mortgage is also given to secure such future or additional ad- ;
ances as may be made by the mortgagee at its option to the mortgagor,
r his successor in title, for any purpose, provided that all such ad-
ances are to be made within 20 years from the date of this mortgage,
r within such lesser period of time as may be ~rovided hereafter by :
aw as a prerequisite for the sufficiency of actual notice or record 3
otice of such optional future or additional advances as against the ~
ights of creditors or subsequent purchasers for valuable considera- ~
ion. The total amount of indebtedness secured by this mortgage may ~
ecrease or increase from tiem to time, but the total unpaid balance ~
o secured at any one time shall not exceed the maximum principal a
ount of $35,000.00, pl~s interest, and any disbursements made for a
e payment of taxes, levies, or insurance on the property covered r
tiie ort a e with interest on such disbursements. ~
i Y ~ 1~af i saicl mo~tgagor s{~a~~ pay unto said morlgnflee fhe ceriain promis- ~
~~id~ ~+~y~` ~ gr ' ~
~i sory note ~ereina~ter su6stantinlly copiec~ or ic~enli(iec~. !o-wit: , . '
r .i
*20~000.00 Fort Pierce., Florida '
i~fL - s
. 1974
~•'GR VALLr. TEC~IVED, the underaigY?ed, 3ointly and sever lly, promiBe to pay
to the order of :LORIDA BANK AT FORT PIERC~. A Florida banking corporation~
Twenty Thousand and NO/100- - - - - - - - - - - - - - - - - - -D~`I.LARS~ ;
at P.O. Boa 3469. rort Pierce, i'Yorida or such other place as the holder ~
hereof may designa~te in writin~, to~ether with interest from date at the
rate of 10 per centum per annu.~n. on the unpaid balar_ce until maturity.
The said principal and interest shall be due and payable aa follows~
~ Fifty-Nine (59) !~onthly payments of ~264. 1 includin~
~ interest ~ v~ith a balloon bal~iCe of . y plue
tOj interest due on the 60th ~nonth at t e end of the
! 5th year. lhe f'irst rnonthly ~at~n~nt under thia note _
; will be due and payable 30 after date of same.
~
f
~
s
r r _
~ Individually~ ~ - Qr=~ ( L. S. ) (STAMPS AFFIXED TO)
~ John R. Long ~ MORTGAGE )
~ is! ~.:~me~ " . ~'o:~.er}~~ ~='•(i.S.)
Ja-nes i. Roberts ~ Jr.
, Q,
,1:~ ~ r1C::Gi'C~ . ,2" tiF ~
(L.S.
Richard Crowe
~ If default be made for 30 d~ya in the payment of ar~y fnetallmentof principal
~ or interest or any part thereof. the ~hole sum then re~eainin~ unpaid ~ith
~ interest shall at holder's option become due a.nd payable without notice.
:~ailure to exercise such option shall not constitute a waiver of the right
~ to exercise the same in the event of eubsequent default. After maturity both
~ principal and acerued interest shall bear i,nterest at la"~ per centum per
~ annu~ nntil paid. The ~na.kera and endoreers of thie note further waive demand~
~j notice of non-payment and protest. If this note is 3~ot paid at maturity and
~ the same is placed pith an attorney for collection. the makers and endorsers
r hereof agree to pav all costs of collection, including all court costs and
~ reasonable attorney fees.
~ i~. C . R . CORPORATICPI ( .~EAL)
~ ~
BYt /:~I ,Tonn ',or~ (SEAL)
a.;
y~= John R. I~ong, President
~ Ai2•EST e
/~c~/ i ~:~"'C.:, • tl ~ ;_,F~ i 'i ,
~ James L. Roberts, •Jr. Secretary E{~~
~8 1~
~
i; ~ .
~
at~~+~
_ . . . _ . 5~~ F-:'rk
" ~ - ~ :
- c ~ ~
~
~~~;F ~ +r.~~,. ~ ` 1
~ . . , 3 ~ a-K x•.- . 3
_ . : . ~ ~~a~~ . . . _ . _
_ ~...~i,~.a,;_ n.~. _~."s'~'c'n-.a^_ 'S-'._" . - . -