HomeMy WebLinkAbout1928 ~
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~'o ~laue ~nd to ~old I~e same, toyelhe~ wit~: Itie ,!v?wmenls. ~~nc~itaments and appurte-
~i nances f{~Prnfo ~~P~on{~in~. a~~~ the renis, issues a~i~I projifs ttiareoj, unto !he morlgagee, in jee aim.p~e.
` ~111~ the mortgagor covenanls with Ihe mortgagee lhaf the mortgagor Is inde(ewi6ly seized of said
~ Innd in /ee simple; Ihat Ihe mortgagor has good right and law~ul autl~ority to conve7r ~atd b??d as n~ore-
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~ said: IF~nt ~he mort~agor u~ill ma~e such f urther assumnces to pe~rct ihe ~ea sQmpl~ tttle to ~aid IaRd in t e
~ morf~ugep as may reasonaG~y be ~equi?ed: fhat the morigagor 1~e?eby ~u~~y wnrrants fl~e lif~e to satd lnnd
I anti u~ill dejend the same agninst the lawf ul claims of aIl peno~a whomsoever; and thnt aaid land is jree
and clear o/ al[ encumbrances EXCEPT TAXES ACC~UIN(~ SUBSEQUENT TO DECENBER 31
~973• .
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~ ~~QV~~ ~~s~ that iJ said morlgngor s~nl~ pay unto saic~ mo?fgagee !~e certnin promis-
( sory note hereinajter substantia~~y copiec~ or ldentijtec~, to-wit:
~ MORTOAOE NOT[ . ' ~
~ s 10,000.00 Fort Pieroe , 19 rids
June 14, , 74
FOR VALUE RECEIVED. t6e uadenigned, ( joindy and severaAy. if more than one) promisa to par to
FIRST NATIONAL BANK OF FORT PIERCE, a Florida Corporation
~ or order, ia ehe manaer hereinatter ipecified,
~b~ or Ten THOU3AND AND ---------------------------------NO--~ioo no~.~+Rs
10 ~QQQ. Qpwith intesat Irom date at t6e nte of 10 Per cent. per aanum oa the balaa~'e trom time w timc remainia6 unPaid.
The wd priacipal snd interest shaU be payable in lawiul uwneY o[ the United States o[ Amuiu at .
or at such place as may hercatt~r be designated by written notice (rom the holder w the maker hereo[~ on
the date and ia the manner lolbwing:
! 7b be paid in equal Quarterly inetallmenta of #1,000.00
~ plua interest at the rate of lOx ao~nenaing three (3)
' months from date and continuing quarterly thereafter
~ until paid in full. Privilege is given to prepay at
any time Kithout penalty. -
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Thia note with interest is secured by a mortgaESe on nal estate~ of even date herewith. made by the maker hereof in favor of the uid
payee, and ihaq be conitrued and entorced accord~ng w the laws of the State of Fbrida. 'I'6e ternu of said mortgage ue by this referrnce
made a part hereof.
~ If default be made in the paymcat o( any of the sums or intemt mentioned herein or in said mortgase. or in the p~dormance ot
~ any oi the agreemenq coatained herem or in said mort6age, then the entire principal sum and acciued iatenst shall at the option o[ the
~ holder hereof become at oace due aad colkctibk witbout notice~ time beius of the esxnce: snd said principal sum and accrued interest
shaU both beu interest from such time until paid at the highest nte allowabk under the laws of the State of Fbrida. Failure to eaercise
this optioa shall not comtitute a waiver of the right to exerciu ehe wne in the event of any subsequeat default.
~ EacL penon liabk hereon whether maker or endorser. 6ereby waives preseatment, protat, notice notice of protest and notice of dir
~ honor and sgrea to pay aU coats, including a reasonab4 attorney's tee, whether suit be broug6t or rat, i~, aiter maturity of this note or de(ault
hereunda, or under taid mortgage, counul s6aU be empbyed to colkct this note or to protect the secwity of uid mortgage.
~ Wheriever used herein the terms "6older"~ "maker" and "plyee" iha11 be constn~ed iQ th~ si~Bular or plural ai the context may
require or admit.
~ ......(SEAL)
Malcer's Address ~1~d~~L _$O~r.t..~.••--•-••--••--•-•••-•••--.........••••
(3ISELl~ROTTBR
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