HomeMy WebLinkAbout0895 1
~0 ~Ut ~lld t0 ~ s~v ,an~e, eoe.rh~ wteh Ik• ~.n.m.na, l~.ndllae.na and o~,pwf.-
nances Ihereto ~ielongtng, and 1hs fe~b, Lsw~ and pro~lls IhMro~. unlo l~t.mortpapN. in ~it atmp~.
~ Ihe mor~ga9or cownanli u?i1h th~ mortea9~e fhat f~u mortgcpor L lndtl.a.i6ly ,.tud o~ w[d
lund in ~ee simple: that the mort9aeor kw 9ood ~kt and law~u! nuthoritq to conwp aald land ai a~on- ~
satd; that ths morlgcgo~ w~U ma~t auch /urih~r assuronca !o pa~i~ct tl?~ (e~ atmp~ tit~ fo iaic~ ~and in t~ '
mo.leasee as mny rowo~a6[y 6. nyui,ed: ehoe eh. n~ortAagw I~.r~tby JuUy u,ar~ana e6. tttb eo ,atd la,~d
nnd will dejsnd tht aane against fl~t law/uI cloima o/ aU p~nona wl~onuoen~?; and tl~at sdd land ~a /rr~
and clear o~ aU encwnbnances
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~l'OUI~ ~~5~ thnt t/ :aid morlgagor ,lwlt par w~to :aid nwrtgag.. the oertntn promts-
aory note hereinn~ter subafantinj~y c~opi~ or i~e~ti~tecl. to-wit:
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MO~aAOE NOT[ ~
~ lp , 000 . 00 FT. PIERCE , F~;a, ~
_ JUNE , ~9 7S •
FOR VALUE RECEIVED~ the under~isned. (joindp and uverallr~ if more than one) promi~a to paf to 't
d .
VADAS JAY YARBROUGH AND BARBARA B. YARBROUGH, HIS WIFE
~ or order. ;o tbe manner heteiuateer rpecitied.
~«~t ot TEN THOUSAND AND NO/100------------------------------ /~oo ~o~as
10 ~ ~ ~ 0. wit6 iaterat trom date at the nu of $~i per cent. pu anaum oo the balaace (rom wae to tia~e ranainia~ ~aP~id- -
TAe wd principal and iatereat ~haU be papabk in lswtul moory of t1?e Uuited Stata of America at
o~ at such plaa a~ may hercafter be daianated bp written notice irom tbe lalde~ W the tnaker bereo(. ou
che date aad in the manner tolbwing:
1~0 -
The amount of this note is $10,000.00 to be paid in~monthly
, installments of ~95•5? which installments shall include prin-
cipal and interest at the rate of 8x per annum on the unpaid
principal balance. The first installment to become due and
payable 30 days from date hereof and to be due and~--payable on
the like day of each succeeding month until paid.
This note may be prepaid in whole or in part at anytime Nithout
penalty. ~
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~ Thi~ note with intercit is secured by a mortaa~e on real esate. of even date herewith. made by tbe maker bereof in tavor o( the uid
€ Payce. and ahali be co~utrued and entor«d acoordins w the laMrs af the Sate of Fbrida. 7'he ternu of sud mor~6~de +ue bp d'~s r~~R"a
i made s part hereo(. _
€ It detault be made in the paymeat ot anr oE the ~umi or iaterat mentioaed hereia or ie :aid moregase~ or in the pedormance o( `
! any o[ the agreemenu tontaiaed 6erein or in ~aid awrtgage, then t6e entire principal sum and atcrued ietu~st ~h~U at tbe optioa o[ the ~
r holder heteot become at oace due and colkcu'bk without notioe. time beu~~ of the es~enee: Rnd wd PnauPal sum and actrued iateast ;
~haU both beu interat irom wch tiwe uotil paid st t6e hiabat nte albwabk under ehe Is~+s o[ the Sate ot Fbrida. Failure w tsercile '
~ thu option ihaU aot oonstitute a waiver of ehe riaht to e~oerciie the ~ame in ehe eveo~ ot a~+r wb~quenc dehul~. i
' Each perwn liabk hereon whether maket or endoner, lietebp r+aiva praeatment, Procat. notice notice o~ peotat ~nd aotia oE di~
~ 1~ rwr snd aarees to par aU cosa~ includins a r~eaionabk attorne~'~ (ee. whether iu~t be brousht ar not. i~~ dter mstunt~r ot tlw note or de(ault
~6ueundu. or uoder wd mortsaae. oouwel a6aU be empb~d to aolkct tbis note or eo pwuct the acuriq d said mortsaae.
~ i W6encvu u~ed berdn the ternu "holder°~ "maker" ~ad '~Mree" ~6a11 be ooiuerued ie the ~in~las or plrral as tLe eootest mar
a reqwi+e at admi~ '
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