HomeMy WebLinkAbout0496 i! I
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I ~o ~iaue and to ~iold I~~r snme. ic~~el~ier wil~i I~~e tenemenls. ~ere~ifa?uenls an~~ appurte I
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i nani-rs l~u~rrfo ~?~~o~~~~in~~: au~I flie renls. issu~s an~~ p?o~ifs I~~ereu~. tu~lo f~~e mortgagee. in rPP simp~p.
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~ ~nd tl~e morfqngor ~•~nenanls u~ifh the morf~agee tha! the mortgago~ is indejeasi6ly seiz~d of said
;j ~ancl in (re sim~?~r; Ihnt Ihe morl~aflor f~as goocj ri~~t anr~ ~aw~u~ aulhortly fo convey saic~ ~an~ as afore-
~j sai~~: 1~~at 1{i~ murl{~a{~or ivi~~ make suc{~ ~uNlier ossurances fo perJpct fhe Jee simp~e tit~e fo saic~ ~an~ irt i~ie ~
rnorf{~af~ee as may. rnasonu6ly 6e r~uired: f{~af the mortga~or here6y /ul~y u~arrants t{~e litle to said land {
I ancl ~vi~l d~~~n~l Ihe same against the law/ul c~aims o~ a~~ persons whomsoever; and that said Iand is ~ree I 2
~?~d clrnr pn~um6rances except the mortgage cited above, and taxes accruing ~
subsequent to December 31, 1974. ~
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~rou~ded ~iways, i~at i~ saic~ morigagor sha~~ pay unfo said morfgagee the certain promis-
sory note {~ereina~l~r suhsfanfia~~y copiet~ or it~entifiec~, !o-wif:
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~7.236.50 ' 1975 ;
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Ae below spec[fied, after date, I, we or either of us promise to pa~r to the order of ~
~ CHARLESW. GRANTandETHELIv~,~ GRANT- - - - - - - - - - - - - - - - - '
Seven lhoueand Two Hundred T6irty-six and 50/100 - - - - - - - - - - Dnllare
, for value recelved, payable at 7904 Banyan Street, Fort P[erce, Florida 33450, or
such other-..place so deatgaated in writing by Payees. with [nterest from date at the ;
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rste of -8- per cent per annum untll patd; interest p~yable monthly. ~
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And each of us whether maker, guarantor or endorser, hereby severally walves and f
renounces any and all homeatead exemptton rtghts we may have under the Conetitu-
tlou or Laws of ~the State of Florlda, or any other State, or United States, as agatnst
th[s note; and each further walves demand~ notlce of non-payment and protest, and ~
in the event it becom~s necessary to oollect thts note through an attorney, agrees to ;
p~y all coste of collection, lncludtng reasonable attorney's fee. ~
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; The principal and interest of this Note are payable in 120 equai monthly installments ~
~ oi ~60. 00 each. w~!
.ich includes• interest at the rate of 8~ per annum, commencing ~
~ ~r.t` ~.S . 1975. Beglnning with the 1Zlst month. said payments shall ~
; n rease to . 0 per month. which incl~des interest at the rate of 8~o per
; annum, until this note [s pald in full. Notwithetanding the foregoing, [n the event ;
; the firs[ mortgage, which is referred to in the second mortgage securing th[s note, ~
~ ls satlsfled prlor to the 121st month, then said payments shall iacrease to $120.00 ~
~ per month, whtch includes interest at 8~ per annum, as of the monthly due date ~
~ followtng sald satisfactton, until thts note ia patd In full. In the event of a default ;
~ in any payment~ which default $hall not be corrected with[n 60 days thereafcer, then '
` the remaining unpatd balance shall immedtately become due and payable, at the optton #
~ of the holder of this note. Any psyment or any p~rt thereof may be made on or be-
3 fore its due date wlchout penalty. Installment payments or prepayments shall be
~ applted first to the payment of tnterest then accrued on satd prtnc[pal sum remaining ~
- unpaid. and the balance applied to the reduction of said principal sum, until the
z whole of sa[d prtnc[pal sum, together wtth interest that shall become due on decreae- ~
: [ng amounte thereof, shall have been fully pald. Thls note is secured by a real eatate ~
mortgage of even date herewith and aubject to the terms and condltions ~erein ex-
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~ - /s/ Lowell Tolson
~ ~10. 95 State Documentary Stamps (SEAL) ~a
~ affixed to original'Note and cancelled, owe o son _
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SO~tc~e~ P.1f~ .~s/ Vera Grooms Tolson (SEAL) °
era rooms o son ~
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