HomeMy WebLinkAbout2408 3'0 ~ue and to ~Ivld the same. logethe~ with the tenementi. hvredltame~b and appwt~-
nances 1~~erefo I~elonpinp, and the r~nts, issues ancr pro~lfs the?eo~. unfo Ihs mo~lpaget. tn fN ~tmpl~.
T11~11 the mortgagor covennnia u~ifti ttie morfgagee thQt ftie morlgagor ir In~e%,i6ly ,e+~d ol satd
land in (pe simple: rha~ the mortgagor hw good ~tght and lnw~ul autkority fo convey said land os ajon-
saic~; t{~at fhe morlflagor will moke sucl~ /urfher assurancei to per~ect !~e (ee iimpl~ tifls fo iald Ia?~ in tIu
mortgagee a: may rensonn6ly bs requirecl: that Ih~ mo?tgagor hvre6r (ully wa?ranb tl~e tttle to iatd Iand
and wil! defend Ihe same ngainst the lawju~ claima o~ all penons whomsoever; and lhaf said lnnd b/?e~
and clear oJ all encumbrance; Th18 mortgaqe 18 q~V@A t0 88Cllre th@ payment O
that oertain obliqatian at indeb~t~ecbness now in exisbenog aa ev3,c~loed by that
vertain p~omiasaty na~t~, a eq~y o~ which is atta~dyed hereto. ~us nrut~gage is a].s~
q3v~., bo ~ecvre stu3i fut~u+e ar additietsal adtianoes as may be made by tl~e mo~rbgar~ee
at its aptian to the mosbgago~r, ar his suooes~ 3n title, fot anY I~1~. P~j~
that all suc3i advanoes are b~ be made within 20 years frc[a the dabe o~ thi.s mo~bgage
within suc.h lesser per3,od of ti~ae as may be px~ovi~ied here~ft~r by la~w as a
'te Eoac tbe suffic,i,es~cy of a~ct~ual mt,i,oe or reoo~rd mtioe o~ such ap~tiroc~a].
fut~us+e a~ ad~ditianal adv~oes as against the rights ~ credito~s ar subaequ~it ~ur-
d~asers~far valuable eonsf~ratian. 1l~e t~o~tal aana~mt o~ i~e.bbec~~ess eec.vred by
may 8ec,ti+ease a~ 3.t~+ea~.~e fx+om tinie b~ tinie, bnt the bofisl tmp~aid balanoe
~o secvred at any rne time shall nat e~ooeed the m~axin~a Frinci~ aaaait of
$49, 400.00, plus 3nterest, aa~d any made foar the p~aym~nt of ta~oes, ,
or insuranoe ori the I~+o~~erty aovered by the lien of this most~gage, with inberest
an stu~i ' .
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~~V~~ ays, that i~ saic~ mortgngor 1hnll pay unto said morfgageg_the certain promis-
son? nofe hereinafter su6stanltally conied or tdentiiicrd. ~o-mit:
$ 4 9, 4 0 0. 0 0 Fort Pierce, Florida November /a 19 ~ 5
FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
~ FLORIDA BANK AT FORT PIERCE
FORTY NINE THOUSAND FOUR HUNDRED & 00/100ths------------------- DOLLAR$,
at post Office Box 3469 or such other place as
the holder hereof may designate in writing, together with interest from date at the rate of 9 1~2$
per centum per annum, on the unpaid balance until maturity. The said principal and interest shull be
due and payable as follows :
Fifty-nine (59) equal monthly payments of
$639.25 including interest, with a balloon
balance of $30,829.69 plus interest due on
Sixtieth (60th) month.
The firet monthly payrnent aill be due
Deaember 20, 1975, and on the 20th of e h
~nonth thereafter
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~ If default be made for 30 days in the payment of any installment o! principal or intereat or
; any part thereof, the whole sum then remaining unpaid with interest shall at holder's option become
~ due and payable without notice. Failure to exercise auch option ahall not constitute a waiver of the
~ right to exercise the same in the event of subsequent defaulk After maturity both principsl and sccur-
g ed interest ahall besr intereat at 21,~~per centum per annum nntil psid. The makera and endorsera
~ of this note further waive demand, notice of non-payment and proteak If this note is not paid at matnr-
~ ity and the same is placed with an attorney for collection, the makera and endoraers hereot agree to pay
~ all costs of collection, including all court costs and reasonable attoraey feea.
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~ (SE~II.) ° -
~ ~ , 6~~K2~5 ~24Q5 ' ~ ~
& :~'S (ggp~,) JANET E. FELIX (~AL)
FD'r~?.Rn F a F ET.IY, (SEAL)
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