HomeMy WebLinkAbout1308 ~o ~ue and to ~told fhe same, fogel~v~ With I~e len~menta. herecrilamenls a~d appurte-
nunces fl~erefo I~plon{~inf~, and Ihe renls, i~sues and pro~tls fhereo~, unto Ihe mortgagee. !n ~ee simpje.
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~ Ihe mort~a~o~ covenunts with tl~e mort~agee thal 1he mo~tgaeor is inde~east6ly seized o/ antd
land in /e~e simple: that 1he mortgngor I~as good ~igl~! and law(ul authority to rnnvsy aaid lund as a(w~e-
said; ihnf Ihe mortgago~ u~III make such ~urthe~ assumncea to per(ect ths ~ee simp~e iitle to saic~ ~and in !tie
mortgagee as m4y reasona6ly 6e required: fl~ai I~e mortgagor hereby jul~y wwranfs fhe tit~s to snid ~and
and wtl[ dejend the same agatnst tl~e law/ul cbima oj nll peraons w~ontsoever; and that ~oid land b/?ee
a?td clpar o( all encum6mnces exeludinq St. Lueie COL1flty Sd VAlOrEAt t~lX@8
accruinq after January 1, 1975. '
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~rou~ded ~tways, f~at ij said morlgagor s1~ull puy unto saic~ mortgagee t~e certnin promis-
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~ sory note ~ereina(ter subsfanfia~~y copiecl or ic~eniiJied. !o-wit: -
~ 15, 243. 58 Fort Pierce, Florida July 10, 1975
FOR VALUE RECEIVED, tbe undersigned, jointly and severally,_ promise to pay to the order of
FRANK R. DROVIE and LOUISE R. DROVIE, his wife
Fifteen Thousand Two Hundred Forty-Three and 58/IOOths-------------~p~g~~
at 2~~ 1/2 Orange Avenue, Fort Pierce, Florida 33450 or such other place as
the holder hereof may designate in writing, together with interest from date at the rate of eight { 8)
per centum per annum, on the unpaid balance until maturity. The said principal and interest shall be
ciue and pagable as follows :
One BALLOON PAYMENT due on November 15, 1975, in the
amount of $15,243.58, plus interest in the amount of -
$427.52, for a total payment due of $15,671.10.
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~ NO PENALTY FOR PRE-PAYMFNT.
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If default be made for • 30 ~ days in the payment of any installment of principal or intereat or
any part thereof, the whole sum then remaining uapaid with interest ahall 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 defaulk After maturity both principal and accur-
ed interest shall bear interest at 8 per centum per annum until paid. The makera and endorsera
: of this note further waive demand, notice of non-payment and protesk If this note is not paid at matur-
. ity and the same is placed with an attorney for collection, the makers and endorsers hereof agree to pay
all costs of collection, including all court costs and reasonable attoraey feee. -
~ T~odore E, ieminsTcf (~AL)
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