HomeMy WebLinkAbout1429 7~ T1i1V~ th~ sana. tog~lher wlt~ tk~ ttn~n~ntt. h~ltan~nb and aPpurt~-
nnncbr ihereto be~onging, and 1he renta, iaaua ancr pro)its ih~no)• anto i~ mo?tpapM. te ~w simpG.
Zll~ll the nwrlgcgor couanonb wifk n?ortga9~e i~?af Iht nwripapor b t~~Jawib~y sdz~ o~ soid ~
land tn (ee simple; ~ha the mo~t9~ h~ good ~tg1~t and lawEu! autkoritp to conwp satd land a~ a~o~+- ;
satd: that the mortgagw wiI! mak~ iuc~ ~urlkK auwonc~a to pa{ect t~ (t~ sln~p~ til~i to tald ~anc~ ir? f~e
mortgages w~y .+ea:o?~biy . b. .~.q~d: ~ha eh. ~o.eva~o. k.~.by IuUr ~a~r~.~a tk. eteb eo ,aid lo.~d ~
and will dej~nd t6o sam~ oAatnat tl~e [nw/uI claims o/ al! p~no~a wlanuoewr: and. t~at aatd land ii /n~ ~
and clenr o/ nll encum6r+anc~ss ~
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~~QV~ ~~s~ t~at i( sni~ mortgagor sIwII pay unto sa~ nwrtgegee tl~t certain proml+- '
E aory note ~e~einu(tar aubstaniial~y eopisc~ or identif
ied, to-wit: •
MORTOAGE NOTE
s 7, 810 . 00 Ft . Pierce ~ Fbrida
t ~ August , ~975 .J~
~ FOR VALUE RECEIVED~ the undcrugned~ (jointty and scverally~ i( more ihan one) promists to pay to ~
` WARD L. JACOBS AND ETHEL= M. JACOBS, HIS WIFE ~
~ or order. ia the maaner heninatter specified, ~
~a~ ot Seven Thousand Eight Hundred Ten and ------------NO ~i~ ~yt~RS ~
( S ~$1 ~ Oj wit6 interat from date at tDe nte of 8 per cent. per annum. on the balaace trom tirae to time remainiag uapaid.
The uid principal and intereat shaU be payabk in tawful money o( the United Satu of Amuiu at
or at such place u may bercaft~r be dcsignated by written notite trom the 6oWer to the maker hereof. on .
the date and in the manner toUowing: • ~ ~
The amount of this note is $7,810.00 payable in Four (4) equal annual
installments of $1,952•5Q plus interestat the rate of 8 per cent per
annum on the unpaid principal balance. The first installment to be
_due and payable one year from the date hereof, and a 11ke installment
i plus interest to be due and payable the same day each year thereafter
; until paid in full. -
~ The maker of this note nerein reserves the right of prepayment in whole
~ or in part at anytime without penalty.
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Thit note with intere~t is ucured by a mortgage on real estate. of even date berewith~ made by the maker hereo( in lavor of the taid
~ payee~ and ahall be construed and entotced according to the taws of the Sate ot Fbrida. The tecau oE sa:d mortgage are bp ?his referener
; madc a part heteo(.
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~ Ii de(ault be made in the paymeat of any of the sums or iaterat mentioned hetein or in uid mortgage. or in the pedormance of
; any of the agreemec?ts conuined hecein or in iaid mortgags, then the entire prinupai sum and accrued intenst shall at the option ot the
~ holder hereof become at once due and eollecabk without notice. time being of the essena; and uid priacipal aum and accrued intenst
3 :h~l1 both b~u interest from such time until paid at the highat nte albwabk under the lawt oE the State of Fbrida. Failure w exercise
k chis option ahall wt constitute waiver of the right to exercise the ~ame ia the event o( anY wbsequeut defaul~
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; Eich person liable hereon whether malce~ or endoner, hueby waiva presentment, prwat, notice notiu of prote~t and noda of dis~ ~
~ honor snd agrea W pax aU cat~, including a reasonabk atwrney'~ fee, whether suit be brought or aot~ i~, atta maturup of this aote or defauit f~
~ hereundu, or uader sa~d mongage~ caunsel sha11 be emplored w oollect tbis note or to protect the aecurity of said mortgage. ~
Wbenever wcd 6erein the ternos "holder". "malcer" aad •`payee•• ~hall be aon~trued in the ungulu plu~al as the oonuxt mar 1
. requite or admi~ ~
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' t Maker • Address -
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~ NfCK CONSTANT REALTOR, ~~~fi~~5~`~E~~~~' ~ } s
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~ ...........~....~_~~4~_.s.ou.tn...u.....s.....1....... . . p-..~.. - r~ .cs~?r.1 ~ ~
~ Ft. Pierce, Florida 3345~ 800K~~~G PAGE~~c3z
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