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HomeMy WebLinkAbout2218 ~ , ~ i I ~ ~ 3'0 ~ue And to ~intd (he same, fogel~~e~ wif{? I~ir tenements. heredilaments anc~ appu?Ir- nances fhprnfo hp~onging, anc~ Ihc? renfs, issues anc~ pro~ils Ihereo~, unto Ihe morfgogee, t~ lee simp~e. ~lltd 1he murff~agor conenants wtth Ihe mo~tgugee 1{~af Ihe morlgago? tj i~~~ewi6[y seized oJ said land in Jee simple: Ihal the mo?tgagor l~as good rigl~! and law/uI nutl~o~itp to conasy satd land w aJore- sai<l: thai Ihe moriflago~ ~uill make such ~urther assuronces to per/e~ct !1?e /K aimple ti11e to sa~d Iand in the ~ morl~agee as may reasonably 6e required; that tl?e mortgagor he~e6y ~ully wananb the tille to said land anrl u~ill dejpi~d ~he same agains! Ihe Inwf ul claims o~ all persons whomsoeuw~: nnd thut satd lond is jree and clear oj all encum6rances except t8X@8 accruinq subsoquent to December 31, 1974. . ~ ; - ; ~~V~~ TILW~ys~ lhat il said mortgagor :hall pay unto said ntortgages . the cerfain promis- ~ sory nofe {~ereinaJter sutistantia~~y copietl or icrenti~ied, to-wit: ~ ~ 5,000.00 PROMISSORY NOTE Stuart, Florida. February ~ p lg 75 . FOR VALUE RECEIVED the undersigned ointly and severally,.PROMISE i TO PAY to the order of ~~i1ALD M. CARPP an~ L. 1?fARJORIE CARPP, his wife ; the sum of -------FIVE T D D N DOLLARS at Cedar Pointe 145-2 Stuart Florida 33494 , or suc other place as the holder hereo may designate in writing, together with interest from date at the rate of -8- $ per annum on the unpaid balance until maturity. ` The said principal and interest shall be due and payable as follows: ~ • ~ In ten equal annual payments of $500.00 each, plus interest, commencing ; on the ~ day of February, 1976, and continuing on the ~-C1 day of E February each year thereafter, until the 2{i day of February, 1985, f at wnich time the entire balance of principal plus accrued interest, ~ shall be due and payable in ful1. ~ € ~ Right of prepayment in full or in part at any time without penalty, t is expressly reserved. ; ~ ! ~ This note is secured by a mortgage on real property in St. Lucie ` ~ County, Florida. ~ ~ ~ ~ f ~ ~ ~ j ~ IF DEFAULT be made fo= -15- days in the payment of any install- ; ~ ment of principal or interest or any part thereof, the ~~hole sur.i then re- : maining unpaid with interest shall at holder's option become due and payable = without notice. Failure to exercise such option shall not constitute a ~ ~ waiver of the right to exercise the same in the event of subsequent default. ~ After maturity both principal and accrued interest shall bear interest at : -10- 8 per annum until paid. The makers and endorsers of this note ~ further waive demand, notice of non-payment nd protest. If this note is ~ not paid at maturity and the same is placed ~ith an attorney for collection, a the makers and endorsers hereof agree to pay all costs of collection, inclu- ~ ding all court costs and reasonable attorney fees. ~ ~ ~ ~ OR n ean Josep Au in ~ BOOK~V PAGE~~1~ ~ ~ 2 ~ I! - ~ _ ~ ~ , 5 . ~'s~ : _ ~ _ _ _