HomeMy WebLinkAbout1024 ! . '
~ 1{fWt Ml1i `0 TL~`~ 1~~e same, fogether wifh the lenemenls, h~rec~ifainenft ancl appurfe
?iA11CP3 1{~erefo be~onging, an~I f{~e rents, issues unc~ profifs Ihereo(, unfo Ihe morfgages, tn jee simp~e.
Ihp morlgagor coi~enants wilh the mu?tgugee that fhe mortgagor is tnde(eati6ly seizc~ oj said
land in ~ee simple; fhat the mortgagor hw good right and !aw/ul aulhority to convey said ~and as ajoro-
said: lhat ~he morlgagor u~ill make sucl~ Jurther assurances Io perjPCt Ihe Jee simple title to sntd Iand in lhe
morf~agee as may reasona6ly be requi?ed; Il~a! the morfgngor here6y (u~~y u~ar?anfa ftie til~e to said ~and
1 and u•ill de~encl t{ie same agairut the Iamjul claims o/ all penons wl~omsoever: and t1~at said land is (?ee
and clear o~ all e?~cum6rnnces exeept a first IDOYtgBg@ t0 First Federal
Savings and Loan Association of Fort Pierce from mortgagors herein
recorded in 0. R. Book 237, page 2538 of the public records of St.
Lucie County, Florida.
i Any default in the terms and conditions of the first mortgage set
~ out above shall act as a default under the terms and conditions
i of this purchase money mortgage. .
~
I
~
f
i
f
I ~~V~~ 111W~s~ lhaf i~ said mortgagor a~a~~ pay unlo saic~ mortgngee the cerfain prow~is-
i
~ sory note hereinaJfer sutistanfial~y copie~ or i~enfi~iecr, to-u?if:
~
,~,4,400.00 Fort Pierce, Florida Apri1 8 19 75
FOR VALUE RECEIVED~ the undersigned. j ointly and severally. promise to pay to the
;
order oi Rr~hgrt T. _ Farmar ~
i
C/0 1431 North Hickorn Val7PV R aa' Chattanoof~a, Tennessee ~
the principal aum of FOUR THOUSAND FOUR H[TNDRED and nn/10DOLLARS~ with
interest at the rate of eight per cent per annum from ~~t'e until - ;
pai~, i~ ?^~~:::menta as follows:
- ~
' 120 equal monthly paqments of $53.38 each comm~encing on the 8th ~
' day of_May, 1975, and a like sum on the corresponding day of each ~
i like succeeding period thereafter until the whole be fully paid. ;
~ Each installment first shall be applied in payment of the interest ;
~ and then on the unpaid balance of the principal su~n. ~
i
€ s
~ ~
~ Prepayment in whole or in part at any time, •,~ithout penalty is
~ reserved bq makers. ~
~ ~
~
I! any installment be not promptly paid within 10 days next after the Qame be-
comes due. then~ at the option of the holder hereof, the full amount remainir.~ dne upon
this note ahall thereupon become due and payable at once, together with all other indebt-
edness stipulated in this note and in the mortgage given to secure the same.
The makers and endorsers of this note furth er agree to waive notice of non-~ayment.
~ protest and demand for payment~ and in case suit shall be brought for the collect:on
~ hereof or the same shall be collected upon demand of an attorney, to pay all expenses
~ of such collection~ ;ncluding a reasonable attorney's fee thereon.
~
~ State documentary stamps in the ~s/ CHARLES GIBBONS, J
~ amount of $6.60 attached to ~SEAL)
~ original and canceled. Charles Gibbons, Jr. ~
;
,
/s/ FRANCES A. GIBBONS "
- (SEAL) ;
Frances A. Gibbons 4
~ 5
~ ;
(SEAL)
~
~ BOOK~~~ PAGE1,O~
U ~ ~ -
_ _ ~"w L
. . - - -
....~i ' S ~ ~
YJ- 9i- ~~ry~'{ .
~
J~~,sr j ux'~
a-'r m ~`Y ~
~ - ~ .'s'-~~..'~-aS7>::tz
. . . . _ ~ ~ ;.r`7~~_'„ . " ~ § .