HomeMy WebLinkAbout1514 '(I ~ ;
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( ~nd to ~totd Ihe same. IO41PIhP? wifh f~~e ter~emenls. ~e~ll~lI11PRIf un~ aNp~utr
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nancrs Iherefo ~~e~onginn. anc~ I~e rents. issues an~~ pro~iis Ihp?eoJ. unto Ihe mortgagee. t~ ~N :imp~e.
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the mort~a~or covenants wi1h !he mortgn9ee Ihat ihe mortgagor Is i~de~eait6ly seiud of said
Iare~I in ~ee sfmple: Ihal Ihe morlgagot hus go«~ riAhf ancr ~aw~u~ aulhorily lo rnnt?ey soic~ ~~d as ajo~e~ '
saicr: f~at fhe mortgapor u~ill malre sucl~ jurt~er ass~uancea !o pe?~tct fhe jee simple til~e to said Iand in the ~
morlgagee as may reasona6ly be ?equirecl: that fhe mo?tgagor {~e~e6y /ully warranls Il~e tille to said lond
~ and u>ill dp(end the same againsi Ihe lau~f ul claim: o( all perso~s wl~omsoever; and that suid land ia ~ree #
and clear oJ all enciim6ron~PS ~
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~~Q~~ ~U{Il~s~ Ihat i~ said mort~aeor shall pay unto said nwrtsaoee the certain pro~nit- ~
sory note ~ereinaJter su6stantially rnpiecj w ic~enti~ted, to-wit: • ~ i
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r+a~. ila. (V~~+aoN HnD~ M~~ ~~"~•V""~ ~"~d) ~ SEMtNOLE FORM ~7
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( Mortgage Note ~
I Ft_ Pierce.-----._. Florida J~Y..i9.~. _ _ . .~~14
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FOR VALUE RECEIVED ths undersiyne3 promises to psY ro Ihs order of
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~ 96 Co ration _ . _ _ _ _ _ _ _ _
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! a~~~~~ ~ ~r. ONE~~IitA~IDRh'II .TSZxTY -THOUSANII THIt~ ~iikIDR~II ~'4~IEN~.'Y ..and..no~lOL~-.----_-- ---...----eo~~.s
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date- _ . . _ ~
' together with iMe?est thmeon at fhe rofe ol @lg}lt..-.......De? cenf Per a^^um from.
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~ f unl~) malwity, both pintipsl and interest beinfl paYable in Law(ul Monsy o( the Unitwi Ststes, wch principal wm and iMerest psyable in install~ts as (ollows: ~
f ~yable in eight (8) e~ual snnual installments plus 8x interest on the un aid balance from
~ ~~ime to time a~ring With the first arinual installment of $16,290.00 plus 8~ interest to be ~
; ~ paid on August 4, ane year after date and a like successive aanual installments oY $16,290.
° ~ plus interest on each successive aanual installment date aPter date until the whole sum
sna11 be fully paid ss provided. Right of prepa~yment ~rithout penalty reserved to the
promissor. _
( Such installment payments shaf! be applied first to ~hs iNerssl acwing under the terms of this note and then ro a reduction d the principal indebled~ess.
~ 7he maken and endorser: of this nWe furthe. agree to wsivs demsnd, ~ol~ce ol ~on-psYmenl a~+d p?otesl, and in the event suit shall bs brou9hf for rhe
i collection hereof, or the same has to be collected upon demand af sn atlwnsy, fo paY reasonable aNwnsy's fees fa making wth cdlection. All payments here- ~
1 ~~der shall bear inle.est a1 Ihe rate of psrcent per annum from maturity unfil psid. This note is secwed by a mat9aye of even dals harewith and is 10
i te construed and enfwced sccadmy to the laws of ths State of florida`;,~wou,d~fsuk in tM paYmsnt of Pnncipal aodJor intarest wMn dus, ths whole wm d
i prinrpal and interest remain~ng unpa~d shall, af the opfion d fhs.1~01d~i~ lxta~e'iqnsdistely due and paYable. Faitwe Io exercise lhis opfion shall not consfifuls
~ a waiver of the riyht ro exercise the same in !he event d wbsequepl ~s~i.. 30~5 O
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' ! cr such ofher p~ace as shall be
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j desiynated bv the holder of this ~ . ~ ~5~~)
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r,ote in wtitmg. - . _ _
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