HomeMy WebLinkAbout0247 L ` ,
jl~Ve ~ Ihe aame, fuy~l~~e ~ a+ilh Ihe fvntmenfs, hwrdita~enls,;,~tn~.oppu?fe• !
I1AtICPS Itierelo belonping, an~ !h~ rents, issues an~ profifs fl~ereo~, unlo Ihe morlgagee, in fee simplP. ~
~It{~ Ihe morlgago~ coi~i•nanfs u~ifl~ the mort~agee Il~af Ihe mortgagor is tndp~easi6ly spiz~d uJ aaJd
jnn~ in (ee simp~e; fhat Ihe mortgagor has good righ! and ~aw~u~ nultio?ity !o co~vey sai~ lune~ as u~crr-
sut~; t~af t1~e morfflogor u~i~~ ma~e suc~ ~urthe~ asauranees to pcr(ecf I~e jee simpls tille to :uf~I Iand en ftie
morfgugee as may ~eatonably be requt?ed: t6a1 Ihe mottgagor I~ere6y jully ~uarranls the title lo said land
and will de(end the same aga~n:t Ihe lowju~ claima o/ all persons wl~omaoever; and t~at aaid land is Jree
a~d clenr oJ att encum6ronces exeept a presently ex~sting first mortgage
in the unpaid amount o€ $9,600.00 approximately and accruing
ad valorem local taxes.
PROVIDED ALWAYS, that if said mortgagor shall pay unto said
Mortgagee the certain promissory note hereinafter substantially
copied or identified, to-wit. ,
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5.800
~DO N° 5~T ' 1 - - .
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~ Fort Pieroe, Florida o~~~i' 26 ~;9 = t
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Fot vslue received, 1, we, or either of us, promise b pay witt~out defalcation fo ifie order of
St. I~{t01~ Ilo~i't Cp~ , at 4he offioe of the payse
i?erein in Pieroe, F~or at sud?~ -other plaoe as the payee herein shall designaf+e in -writing, the -
suen- of with inferest from date at the rate of 10..0 - 96 per annum, PaYable~
in montFdy installmer?ts as follows, to-wii: ~
- .
~ ~.6~ on the ~d day of Januti+~t i9~ snd a like sum i=
on the corresponding day ~ of eadt like suoceeding month ~ereafter unHl ~d1d .
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In tfie sveM arry amounts cunentfy due and/or pest due under the terms of_ this note are not pnid
by the 9th day of the month, a late penalty of 5.096 of the oombined amourits wrrently due and/or -
i past due, wil{ be added to and colleded with whatever amauMs are due for the month in question. If _
~ cvrrently due and/or past due payments or parts tfiereof under the terms of this note remain unpaid _
at tfie end of sny monili, then said unpaid amount will be carried forward and added to the amouMs . {
ooming ~due under the terms of this note for subsequent months for the purpose af oalculaNng subsequent E
late penalties. Amou~ts due under tfie terms_ of this note are understcod to be but not limited to.
-(1) Regula~ly amortized interest and principat paYments• ~
~2) City and/w awnty taxes wha+~ paid by the payee hetein.
(3) (nwranoe premiums when paid by ~e payee hefein. - >
(4) Seniw morlgage PaYmeMs when paid bY the PaYee herein. `
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Street, sewer and water liens when. paid by fhe payee hefein.
Each lnstallment_~rst shall be applied in fhe pt+ymerrt of the intefest and ihen on tfie unpaid bal-
_ ance of the principal sum. If default is made in ihe payment of any inatallment when due, then at the
cption of the fiotder, and without any other notice, all the remaining installments shall be due and payable at
onoe. Privilege is given to psy two or moro irutallmertts at any installment matwity date, but this shall
r~ot extend the time of maturity of any subsequent installment. Neither forbearonce, rar aoceptanae by
the holder hereof aher any default in any paXment h6reon, shall be deemed extension.
Each maker, surety and e~dorser hereof, jointly end severally, waives demend, preaentment,
protesf and notiae of protest for nonpayment, and further agrees to any extension of time of payment,
a
either before or aftef maturity, without notice to any of us; and to pay all ooats of aollection, including a
reasonab(e attorne~a fee in fhe event of ar~y defauit hereunder.
WITNESS THE HANDS AND SFAL O~ EACH PAR~~S~ ~olll! lltl pl'~*•Or~lii+ '1'h~~`,
$8.70 in Florfda State _=orae~ I~i~ Al~i D~?ab~r
Doc. Stamps affixed ~AU
to original note. r
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