HomeMy WebLinkAbout1227 i. i
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~o ~iaue and to ~iold 1{~~ m~ne. IogNl~~er u~ilh f~~e le??eme~~ls. herec~ilumNnla un~~ a~~p~ul~• -
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li e~anr~s I~~erelo E~~~onc~inc~. an~~ f~~e ?~nfs. issues a~u~ proJils I~~e?~o(, unlu I~~e mortgagee. in ~PP sin~ple. ~
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~1`~ f~~e murt~a,yor covpnanfs u~~~h ihp mortpagee that Ihe mortgaflor is inc~ejeasib~y S"riZFi~ ~s~ sait~ ~
.I ~and in jc•e simplc~: that Il~e morl~aflor has good righi and lau~f ul auihorily lo rnni~ey said land as a~o?e- I ~
ij said: Ihat ~lie mort~~a~or will ma~e such (Q~IhP~ aSSU~Qi1fP3 lo per~PCt ~he (ee simple litle to said Iand i?t the j ~
morfga(1~~ ~s may ~easona6ly 6e requirec~: ihaf t~ie morfgagor he?etiy ~u~~y warranfs fhe (if~e (o sai~ ~ancr ~ ~
and u~iU <IeJend the same nQainst fhe ~au~(ul claims o) all persons wtiomsoei~e~: and Ihnt said land is (ree ( ~
'I and rl~ar o( all enrum6rances i ,
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~rou~ded ~lways, ~tiat i~ saic~ morlgagor shn~~ pny unto saic~ morfgoBee ttie cerfnin promis-
sory nofe ~PfP[R(I~ter suF?sfanfiaUy copie~ or ic~enfifiec~. to-wih
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~ MORTGAGE NOTE '
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! 7,500.00 Fort Lauderdale , Fbrida ~
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~ •3 -S , 19 75
FOR VALUE RECEIVED, the undersigned promises to pay to the order of ~
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JAPIES FAZIO ~
The principal sum of Seven Thousan F ve Hun red an -------------OOLLARS
' together witn mterest thereon at the rate of ~ '4 ~pe~cent per annum from daC~ :tereof
; unlil maturity, both principal and interest being paYable in ~awful Money of the Un'ted States, wch principal ~
sum and interest payable in installments as follows: (t ~
~ 7v? aZ e~ ~ wG -
! 12 monthly payments of interest only, in the amount f-~}3-~s;
t entire principal amount due and payable one year from date hereof.
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~ Such insta~lments shall be applied first to the interest actruing under the terms of this ~ote
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and then to a reduction of the principal indebtedness.
r The makers and endorsers of this ~pte further agree to waive demand, notice of non-payment
~ and otest, and in the event suit shall be br ht o•~ Ilection hereof, or the same has to be collected
¢ upo demand of an attorney, to pay reas e~t~rne s' tees tor making such collection. All payments ;
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hereunder shall bear interest at the rate of ~ percent per annum from maturity until paid. This ~ote `
is secured by a mortgage of even date herewrth and is to be construed and eniorced according to the laws `
~ of the State of Florida; upon default in the payment of principal and/or interest when due, the whofe sum
i of principal and interest remaining unpaid shall, at the option of the holders, become immediately due and
y pavable. Failure to exercise this option shall not constitute a waiver of the right to exercise the same in the
event of subsequent default.
- The undersigned does not intend or expect to pay nor does the holder hereof inter.d or expect
to charge, accept or collect any interest greater than the highest ~egal rate of interest which may be charged
~ unde~ the Laws of the State of Florida. Should the acceleration hereof or any charges made hereunder re-
sult in the computation or earning of interest in excess of such legal rate, any and all such excess shatl be and
the same is hereby waived by the holder hereof, and any such excess shall be credited by the holder to the
balance hereof. • •
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,=w PAYABLE AT: ~C ~.~'Y?/E~V ~ ~ ~ ~ Lv'~- SEAL) ;
_ STEP N E. W. CABLE :
/{T ~C/,-l~c./'• /c'CQ ISEAL) .
" ISEAL)
or wch other place as shall be designated
by the holder of this note in writing ISEAL)
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~ I.AW OiFICES GRAHAM, HOpGE i SWAN, OROFESSIONAL ASSOCIATION ~
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30D1 EAST COMMERCIAI BlVO_, FORT LAVDEPDALE, FLORIOA 73]0~
= ~ooK2'37 PA~1226 _ ~
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