HomeMy WebLinkAbout1882 1~~~ sum~•, t~hl~'1{~i~r u•il~s I~~r I~~nwmenis. ~~r?et~iturne~i~ls a~u~ up~?urfr
~o ~aue and to ~otd
~uu~~•~~s I~~~n•lo ~~~~~ungii~ry. an~~ 1~~r n~nfs. issues uru~ pru~iis I~~NreK,(. «nlu I~~N ntortguyrr. in {rr sirr~r~~~•. ,
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T1n~ t~~r n~urf~~ayor i•ue~rnanls with Iti~ ??:~+f{~a~~cr 1~~a! Ihp mu~tga4~o? is inerp~rasiti~y xvi:w~ uj .aic~ ;
1~ ~um~ in ~~•e simp~~•: I~inl 1~i~ murl~agor ~?as goo~ ?iS~hf an~~ lain~u~ aul{~o~ify !o c'~uney sae~~ ~au~~ as aJu~e- ~ '
sai,l: Il~al ~1~~~ morf~~c~{~or u~ill n~aRe such /urth~? assumnc~s to perfpct fhP jPP SIRIpIO til~e eo :Q~d iA~~d in the '
I~IU/lt~il!~P!• l~5 fi1qV IlKlsUflp~~y ~~P ~Pl~qlr~: (RA~ 1~P mo~tgagor hereby ~lt~~Y u~ananfs ~hP ~1~~P 10 SQIt~ ~UII~ '
U~ItI 1~4~~ ~~P~~•IU~ I~~P SQ~11P nnainst Il~c ~~IU~rll~ C~AIIIIS U~ q~~ p~'~SO/IS IO~UR130lPPr: and ~hue SOl~ ~Q?l~l IS jfPP '
~~uid i-I~•ar o( oU rncumF~ranr~s except taX@S after 1973. `
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ii THIS IS A PURCHASE MONEY MORTGAGE. Foreclosure of this mort-
i° gage shall be the sole remedy for any default hereunder and the
holder of this mortgage shall in no event be entitled to a defi-
ciency judgment. ~
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~rou~ded ~lways~ t{~ot i~ sai~~ mort~agur s~a« p.TV urtto sai~ rnortgagee t~?e cPrfain promis- '
~ sorv notp ~~rr~ina~f~r suf?stanfia~~y copiMl or iclenti~iea. to-inif: . ~
149 187. S~ Vero Beach, Flaida _._.$~p.t-~1~b~'_. 4_-------. 197~--
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TA the ~anner hereinafter S CC~f~Cd _ aher date, 1 vre o? either of us pronsise to pay to the order of
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C. __Reed _Kni ght------------ - - - - - - - . - - - - ~
One hundred__ forty-nine__ thou~~ _Q~~u~d~c~~.__~ighty-sexen__~SD~1QQ- oou~s
~a~~ ~~;,,~a, payabk at __1421 Club_ Drive~_ Vero Beach,_ Plorida 32960_,_ _
or sach ~
other place as the payee -may--designate--- ~~r~
from dBtC - at the rote of Pef cer+t per amum until paid; interest payable ~-_~~$~~~?6~~__ .
Md each of us whetF+c+ mslca~. tw?a+tw or endone*. hcrcbY sevanpy waires and reraurces ~ny ar+d a11 Iwmestead aemption ~i~ts vre nwY
have unde~ the Cant~tution ar laws of the Sta:e of Flwida, w any other State, or United S~ates, as aeai~t riris rote: a+d each hrther wares d~*'~+d,
notice of ro~payme*~t and protest, ard in the event it becomes necessarY to collacf this note thra~? an attaney. apees to paY aH oosts of coilKtion,
II inctuding reasonab:e attaney's fct.
I If defaul! is made in paymmf wM_n due, the~+ at the aDtion of fhe hdder, and wittwut anY ether notite, aM ihe rea+airrK balance sl?all be
due and WYabfe at wrce.
~ The rincipal debt shall be paid in 3even (7) ~tal annual install-
~ents of ~10,000.00 each falling due Septeaber 4. 1975, Septea~er 4,
1976, Septesber 4, 1977, Septesber 4, 1978, Se~pte~er 4, 1979, Septeneber
4, 1980, and September 4, 29~1, snd an eighth and final ~nstall~nent of
s79,187.50 fall~ng due September 4, 1982.
Interest shall be paid annuall~ on prfncipal pa~ring dates and~shall
be in addition to the payment of pr~ncipal. All suas paid shsll be
applied fint to the payment of accrued interest and then to the reduc- ~
tion of principal. The privilege of full or partial prepaysent of
principal Mithout premium or penaltp after December 31, 1974, is reserved
by the maker. This note is secured by a real estate ~ortgage of even
date and is subject to alI of the terms and conditions therein. Holder of
this note agr~es to look solely to the nortgage pledged as security to en-
force the obligations of this note in the event of a default and shall ~
h ave no ri g~ t to s ue on th ~ b as i s o f t~rir-note-- $ivne~: ---~------~l~ -
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~ n,o- - ~ /~I__...~.__Laur_enc~Baggetx,as_~u~s-te6~, `
G. Laurence Baggett, as Trustee
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~ `'223.80 .
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and shall perform, comply with and abide by each and every the a~re
~ ' ments, stipulations, conditions and covenant~ thereof; and of this
mortgage, then this mortgage and the estate hereby created, shall
cease, determine and be null and void. -
i~ ~Q ~ ~.J~ HIGf
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