HomeMy WebLinkAbout2497 T
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~11~~ Ihs same, fogelher wlth fhe (enamenls, ~isrfc~~tu~nrnls 4rad appurtr- ~
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nn~~ces ftiereto tie~onping, anc~ the rrnfs, issues and prolils Ihrrso~, unto Ihe mortgage+. in f
ee simp~~. . ;
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~ the morlgagw c~ove~~nnts u~ith ll~e ~no?tgagee ~f~a~ ihe ~e9a9~ ts t~d~~easi6lr :eized oj said ~
~ land in ~ee ~imple: ll~al the mwfgagor I~as gc+«I right atid lnwf ul aulhorily to con~sy :n+d ta?~d w a~oro- f
~ said: il~Qe ~1~A mo.ega9o~ W~[[ ~ke :u~1~ /u~ih.~ ~wa.~~s 1o Pe?(rct t6e /ee stmpl~ Utle to satd land tn ll~e
mort~a9ee as may reasonn6ly 6e require~d: lkal 1hs mortgagor hen6y (ully uw~ra~ts the litls lo :atd Ia?~d
a~~d u~ill de(e?ie~ the sume againsi 16e Iaw~ul claims o~ a!1 pe?sons wl~onuoever; ar~d Ihat said land ia ~?ee
and clear of alI encumb~anres .
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' ~~ys~ thaf if suid nwrtgagor sha~~ poy unto said morlgag~e fke ce?tnin prornls-
~ sory nofe he~eina~ler substanlia~~y rnpiec~ or iclenti~ted, to-wit:
MORTGAGE NOTE ~
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t 29~2~0.00 Fort Lauderdale , F{orida i
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Sentem6er 10 • , 19 74 ~
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FOR VALUE RECEIVED, the undersigned promises to pay to the order of , .
BANK OF TAMARAC ' ~
~ The principal wm of 7~?enty nine thousand two hundred and no 1 DOLLARS
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together with interest thereon at the rate of 9 1/4 perce~t per annum from date , '
u~til maturity, both principal and interest being payable in Lawful Nloney of the United States, wch principal
wm and interest payable in in:tallments as follows: - ~ '
~ $250.07 shall be due and payable on Ottober 10 , 1974, and ,
$250.07 shall be due and payable on the day of each and every ~nonth k
thereafter until the entire principal balance plus accrued interest has ~
been paid in full. t
This note may be prepaid in Whole or in part prior to maturity without ~
premium penalty or notice; however, no such prepayment shall relieve the ~
maker hereof from making the next regular installment coming due hereunder.
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Such installments sha~l be applied fi~st to the interest acc~uing under the terms of this note t
and then to a ~eduction of the principal indebtedness. `
The makers and endorsers of this rwte further a~ee to waive demand, notice of non-payment
and protest, and in the event wit shall be brought for the collection hereof, or the same has to be collected ~
upon demand of an attor~ey, to pay *Pesonable attorneys' fees for making such collection. All payments .
hereunder shall bear interest at the rate of ~en percent per annum from maturity until paid. This note-
is secured by a mortgage of even date h:srewith arxi is to be cbnstrued and enforced acoording to the laws ~
of the State of Fbrida; upon default in the payment of principal and/or inte~est when dus, the wtwle wm
of principal and interest remai~ing unpaid shall, at the option of the hotders, heoome immediately due and ;
payable. Faifure to exereise this option shall not constitute a waiver of the right to exercise the same,in the ~
eve~t of subsequent default.
~ The undersigaed does r~ intend or expect to pay nor does the holder hereof intend or expect ~
to cha~ge, accept or collect any interest ~eater than the highest legal rate of interest which may be charged
under the Laws of the State of Florida. Should the acceleration hereof or any charges made hereunder re-
sult in the computation or earning of iaterest in excess of wd? legal rate, any a~M all wch excess shsll be and [
the same is hereby waived by the holder he~eof, and any such excess shall be credited by the hplder to the ~
balanoe hereof. -
, PAYABLE AT: 6000 North University Dr. _~SEA~) ~
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' - Tamarac. Florida 33319 _ tSEAI) }
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or wch other place as shall be designated ~
by the holder of this note in writing (SEAL) ,
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LAW OFFICES GpAHqM, NOOGE ~ SWAN, PROFESSIONAI ASSOCIATIW~1 ~oOr ~~~249z ~
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70i1 EAST COMMERCIAL BIVU.. FURT LAVDEi10ALE, FLORiDA »30•
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