HomeMy WebLinkAbout1101 ~
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~o ~ue ~nd to ~old the sume, togef{~er wifh fhe fenemenb, h~ilamsn~i ~q(~~Pppu?te-
nances Itiereto ~elo~~pinn, an~ Ihe renft, issues an~ pro~il~ thereol. unlo Ihe mortguge~. ln jes il+nP~'~
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~ Ihe morlgagor cover?anla wilh ihe mortgagee ~hnt the ~lga9o~ is indv/ewi6ly setzed oj said
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ea simp~e; Ihul the morlgngo? has good rig1~f aacr ~aw~u~ aul~wity to convey sald ~at~d as a~u+'s'
sai~: Ihat the mortgagor w~Il ma~e :uch ~ur11~e~ assuroncea !o per~rc! ttis jet ilmpl~ f!!I~ to sat~I Iand tn 1~
mort~agee as ~nay reasonably Le •equt?ad: lhnt fhe mo?tgagor hi?e6y jully wananta Ih~ tiile to :otd lo~d
and u~ill dejend the same against Ihe lawjul clalau o~ all persons whomsoever: and tl~at said land N jrev
and clear oJ al! encumbrunce~
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~~QV~ ~~(,s~ lhat if said mortgagor shall pay unto said mortgagee t e certaln promts-
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sory note {~areinalfer su6stanlinlly copied or identiJtec~, fo-wit:
MORTGAGE NOTE j
s 18 990.00 ~ . Florida ~ '
, 19
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FOR VAIUE RECEIVED, the unders~gned promises to paY to the order of ;
BANK OF TAMARAC ~
The principal sum of and nine hundred ~ninet and no 100 OOLIARS ~
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together with inte~est thereon at the rate of s~ p~cent per annum irom date
until maturity, both principal and interest bein9 paYable in Lav+nul Money of the United States, wch principal ~
i wm and interest payabte in jnstallments as follows:
f i $162.63 shall be due and payable on , 1974, and $162.63 •
~ shall be due an d payable on the day of each and every month thereafter
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~ until the entire principal balance plus accrued interest has been paid in full. ~
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~ This obligation is prepayable 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 shall be applied first to the interest accruing unde~ the terms of this note i
and then to a reduction of the principal indebtedness. L
The makers and endorsers of this note further agree to wa~ve demand, notice of non-payment
and protest, and in the event wit shall be brought for the oollection hereof, or the same has to be collected i
upon demand of an attorney, to pay reasonab~len ttomeys fees for making such collection~A~ll Thtm~ ~
hereunder shall bear interest at the rate of percent per annurn from maturity until
is secured 5y a mortgage of even date herewith and is to be construed and enforoed acxording to the laws r
of the State of Fbrida; upon default in the payment of principal and/or interest when due, the whole wm
of principal and interest remaining unpaid shall, at the option of the holcle~s, become immediately due and
payable. Failure to exercise this option shall not constitute a waiver of the ~ight to exercise the same in the
event of subsequent default.
;-r: The undersigned does not intend or expect to pay no~ does the holder hereof intend or expect
`w~ to cha~ge, accept or collect any interest greater than the highest legal rate of inte~est which may be charged
~ under tF?e Laws of the State of Florida. ShouW the acceleration hereof or any charges made hereunder re- ~
~ sult in the computation or earning of interest in excess of wch legal rate, any and all such excess shall be snd ~
~ the same is hereby waived by the holder he?eof, and any such excass shall be credited by the holder to ihe
balance hereof. ~
~ PAYABIE AT: 6000 N. University Dr. ~ W ~~EAL) ~ ~
~ , Harry ~T. Lebair, II ?t '
Tamarac, Florida SEAL) `
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or wch other place as shall be designated ~ Marg ~ et Lebair ~
by the holder of this note in writing ISEAI.I ~
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BQO~ /~Vz ~NGE1101~ ~w OEFICES GRANAM, MODGE i SWAN, OqOFE5510NA1 ASSOC~ATION _
30l1 EAST COMMERCIAL BLVO.. fORT IAVOERDALE, FLOp10A 7~30t ~
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