HomeMy WebLinkAbout0722 1 -
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7~ ~OAV~ Af~11 W~~ t~e sa~n~. tog~fl~er u~iih ff~e lene~nenfs, h~iluenenb ancl eppu?fe-
nances Il~e?c~to 6e~onging. nnc~ f~s re~ts. is~uet and pro(ifs I~ereol. ur~fo f~e mortgag~e. irt-~'rlmp~. ~
~ the morlgugor covenants will~ fhe r~sorlgagee Iho! 1he mwtgagor is :ncl~~eastb~y setz~ o~ s~
~ Iand In (ee slmp[e;.fhat !he mortgagor hna good right and ~aw/u1 autl~ae~ty to c~onvep satd Jond as ojon-
i said; that t6~ morl9agor wtll make such /wths~ a~rw~ances to pcr/ect ths atrnpli titl~ to aaid [and In .1h~
~ mo?fgagee as rnay reasonably b~ reqatred: Ihat the ~norteogor hero6y Jully wan~a?its the tilb to ,aid ta,~d
and u~tl! de%n~' tlee ~arne a~aina! ths Iawju! c~atms o/ aU ~ pe?so:u whomaoswr; and tl~at satd tand u(~
` and clpar o/ aIl ancum6mnca~s ~ ~
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~ ~~s~ tfiat if said mwtgago~ s1~aU paT ento sa~d mortgapse the certoin prom4-
sary note hereina(!er sufisla~tiully rnpfscl or ic~antl(iect. to-wit:
~ . .`--t~. R~. yFnwapN ~^a»!k .n »+3GfRr irs!vAMw+~~t+~~+~p Iwiiud~tl? SlMINOLE FORM
Mort~a~e Note ~ ~
s 39, 000_. 00.. ~ Ft. Pierce,,f~a;~~.. February 2~ iv76 ~
FOR VALUE RECE:YfO 1he u~criigne! prom;srs to pay lo fhe ader o! _ ~
Edith„J.. . Smi th, . a sa.ngl.e . at~ult, . _ . . . . ~ _ _ . :
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~.,K:;.a~ wm ~.....Thirty-nine Thousand..an~_.no/IOQ-.--------.-.-.--.--.--.--_-----.--.-=---.-~o.i~.:
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tt•;~eti~cr wi~h ir.lecest 1lrc.con al the rate of .--.8--- .-.per crnf per annvm f~om . ~ ~
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,,r.h1 masuri~y, both prir.u,~a! an~ interesl be~n~ payab+e in lariiv) llAoney a( ih~ Un~~e3 States, wth principal s,im and interest payabte in instattmenls as fotfows: ' ~
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First paymEnt due February 1, 1377 in amount of $1800.40 plus interest due;:
balance to be paid after that in quarterly payments in amount of $450.00 ~
! plus interest due; no amounts can be paid on this note and mortgage during~
1976; following that year this note may be prepaid without penalty except
that no principal payments in excess o.E $7800.00 per year may be made i
during the years 1977 and Z978. ~
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Such ~ns'a'!-:_nt payrrfnts sF.aN be rp~I~ed l~rst ta t}~e ir.:eresl acau;n~ under !Ae tcrms of Ihis note and Ihen fo a reduct~on d Ihe print~Fal i~eb~edness. j
T~.e n:3'~ers a?d e~dc•sers o! this ncNe (ur~F,e: agrx to ~.a:.e de~nd, noLce of r.on-paymenf and;xotesl, and in Ihe evenl wA sha(! be broughf fo~ !Se E
~o1'ecn3r S«ea1, or the same has to be col~ec!er~ u;,on rerrand ot an a~torney, to pay reasonable attorney's fees 1w mak~ny s~ch collection. Atl paymems berr ~
~•~er tiF.ait bEar i~,te:est at ~he rate of .~.erceM per annum (ro:n mafurlty until paid. Th~s note is secured by a mort9ape d even c'ate Ae~ewirh and is to ~
`e <anst.ued a,d er:tacc-~ accurd~ng to the taws of the State of Florida; aron c+etaulf in the paymeM of pr~nc;pal andjor inleres! wF.en due, the whole wm ol
y~rc•;.al and inserest rerr.a;ning +~npa~d sFatl, at tM opt~on of the holders, ceiame immedialely deie and payable. Fa+lwe to e~eercise Ihis ogtion shall not cons~itule ~
a.,ai~er ot-Ihe rigM 1c Fs~~rc~?a Ihe sa:r~rin the event d subseQuent de(ault. _
ya~fe at.. . / ' t,r _ ` - _ tl ~ ~ _ • c ,w._ ~ )
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Wilbu`r ~E i Schoonover ~
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. . _ . _ . . . _ _._..G...-: r. -..r...r:........
~ ' " ' ' ~ ' ^ .r~ z i 'SEA
He~en M. Schoonover ~
or :uch o~~~er place as shalt be ._.........±SEAt) i
;:~~gnateC bY 1he ho:dsr o! ihis . ' -
~afe i~ wrJin~. -
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