HomeMy WebLinkAbout1768 ~ T1AVt MNi l0 ~W~ itie same. lo{~efhw u~if~ I~~e tenemenfs. he?eclitumr~~ty iuu~ u~?~,urf~
am~ces fhPrefo ~~P~ongin~. a?~~ ftie ~rnfs. issues an~ profils IhwPO~. unlo Ihe mo?Igagee. i~ lPr sie~p~r.
Ihe mwtpagor rnvenanfs will~ the mortgagee ~hat the n~orlgagor is indejensibly spiz~ oJ soid
~ ~an~ i~ ~PP simp~e; fhal ftie morfgagor hai good right an~ ~aw(u~ aut~ority fo rnnt~ey said ~anc~ m a~o~+s-
1 said; fhaf t6e morlgagor will make iuch {urthe~ assurances to per(rct the jee simple tiile to said lond in• ths
~ mo~tgagee as moy ?easonn6ly be required: thnt !he mortgagor leere6y jully u~ar?nnta ll~e lille to :aid ln?~d
ared a•ill dP(end the same against llee Iawjul c~aims o/ all penons u~homsoetx~, and t1e~t soid Ian~ is frae
and clea~ oJ all encum6?onc~ea
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~ ~~Vt~ ~iWay~t~ that i j said mortgagor shall pny unto snid nwrtgages the certain promts-
~ sory note ~preina~ter su~stantin~~y copie~ or ic~enttfiee~, to-wil:
~ $ 40.000.00 PROMISSORY NOTE Stuart, _ Florida.
~ Oct~ober 19 75 .
~FOR VALUE RECEIVED, the undersiqned, jointly and severally, PROMISE
TO PAY to the order of RALP~Ei I. HANIItICR and I~.TA C. HI~ZQt, his wife,
the sum of Thaa.sand and no 100 ( 0 000.00) --i- DOLLARS
at D o ~S ~ EAc co i, or suc ot er place as
the ol er ereo may esiqnate n writi q, toget er with interest from date
at the rate of 8-3 4 $ per annum on the unpaid balance until maturity.
The said principa an interest shall be due and payable as follows:
Interest only fraa the clate of this Not~e to Deoa~ber l, 1975; in 180
oonsec.utive manthly installtnents of principal a~d int~erest in the am~t of
$399.78, ~cinq an January l,_1976, a~d oontinuing mrnthly thereaft~er ai the
~ lst day of each and ev~ry ~til January 1, 1990, when the ~tire
~ principal balanve, t~ogether , shall be ~e and . payabZe in full.
The Mak~ers hereof resezve p this Not~e in ftil.l or in part at any
~ time, atui frcm tim~e to time, without penal (prorvided Y~owever, tt~e.re sha~l.l be no
~ prepayment allc~aed prio~ t~o Januaty 1, 1976) . _
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~ IF. DEFAULT be made for thirty S30) days in the payment of any install-
; ment of principal or interest or any part thereof, the whole sum then re-
~ maining unpaid with interest shall at holdez's option become due and payable
without notice. Failure to exercise such option shall not constitute a
s waiver of the right to exercise the same in the event of subsequent default.
t AftPr maturitv both nrincival and accrued interest shall bear interest at
ten (10 $ per annum until paid. The makers and endorsers of this note
urt er wa ve demand, notice of non-payment and protest. If this note is
a not paid at maturity and the same is placed with an attorney for collection,
; the makers and endorsers hereof agree to pay all costs of collection, inclu-
t ding all court costs and reasonable attorney fees. Court costs and reason-
~ able attorney fees include any costs and fees on appeal. .
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~ U k~ TAUL A. B[J~SS
~ ~~~K ~44 PACE~ 769 -
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