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Home My WebLink About0010 , j ! . ~ ~ • ; ; ~ j L ~ MORTGAGE I~TE ~ ; ~ i $80,000.00 i,larren, Michigan January 19, 1976 ~ 4+ ; For value received the undersigned promise to pay to the order of i WARREN BANK, A Michigan Bat?king Corporation the principal sums of EIGHTY THOU_ . , j~ SAND AND NO/100 Dollars ($80,000.00) together with the interest fraa date here-` ~ ~ of upon the unpaid principal at the rate of Warren Bank Prime + 2~ per annum ~ ~ . ; i~ until fully paid, and with interest at the rate of Warren Bank Prime + 4~. per ~ ~ ~ annum on all overdue principal and interest from the date of its or their n?a- ~ n t shall be aid b the undersi ed in lawful' turity. Said principal and i teres p y gn ' money of the United States of America a ollows: This a~ortgage and all other • mortgages of same date are i a~.F teral for a certain obligation not to V - exceed $80,000.00 which of promissory note and mortgage notes. All notes embrace the ssim . The pr~missory notc may, at the option f~ the Bank, be renewed from time to time at an interest rate which may be more or ? less than the interest rate set forth herein and/or at a principal figure which ; may be more or less than the principal stated herein. The aaortgages and mort- gage notes shall be in full force.and effect until all sums due to the Bank are paid in full. Renewal of the obligation on a periodic basis is contemplated by the parties and cancellation of one or more of the notes and their renewal shal not in any way cancel the lien by virtue of mortgage as contained herein until ~ the obligation and all other debts due to the m~rtgagee are paid in full. ` PAYABLE IN FULL UPON DEMAND , a Both principal and interest of this note are payable at {darren Bank , ; ~ 27248 Van Dyke, Warren, Michigan, 48Q93. ! i~ Should default be made in the payment of any installments of interest ` I ~ f and/or principal due hereunder, then such default shall mature the entire in- ~ ~ debtedness evidenced hereby, without notice at the option of the holder there-! ~ of. Every person at any time p~ payment of the debt evidenced here ~ V ~ - by waives presentment for pa , notice of non-payment of this not s€ and consents that th4 holder n the time of payment of any part o7c the ~ ~ whole of the Aebt at any time at the request of any ot~`~er person liable. ~ ~ ~ - ~ ~ ~ This note is secured by a third mortgage of even date herewith, made by w i~ the undersigned to the above payee, which mortgage covers real estate in St. ~ ii Lucie County, Florida, described as: • ~ ~ The SE 1/4 of Section 6, Township 36 South, Range 39 East, situate ! i ~ and being in St. Lucie County, Florida. j ? i ~ LESS AND EXCEPTING THEREFROM, all rights of way for public roads ~ ~ and drainage canals. ~i F`Y•r~~ ~ _ ( ~ ~..t -3~• c~- ~ 6 ~ - , ~ /~'1~- ~ { ~ Salah A. Gouda t + ~ I~ ,~,c~l r~ 'v lil r~' lj%~v 3 i DiF?nne Gouda ~ ~ " ~ ~ ~ ~ ~ , ~ ~ ;I i 1~ : ~ ~ ~ sc~.Kz9~8 ra~E 10 ~ ~ - ~ ~ ~ ~ ~ , ~ _ _ _ _ - ~ . . _ _ r~~