HomeMy WebLinkAbout0603 ~ TO HAVE AND TO HOLD the same together with the tenements. hereditaments. and
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appurtenancea. unto the said Mortgagee-. ancl th~ir h~~ and assigna. in fee aimple. ~
AND said Ddortgagor ior Itseli and ita auccessors. legal representatives and assigns~ doth
covenant with asid Mortgagee-. their heira. legal representativea ai,d assigns. that
said Mortgagor is indefeasibly seized of said land in fee simple; that the said Mortgagor hath
full power and lav?~ful right to convey eaid land in fee aimple as aioresaid; that it shall be
lawful for said Mortgagee_, their heirs. legal representati~es and assigns. at all
times peaceably and quietly to enter upon. ~old, occupy and enjoy ssid land; that said land is
iree irnm all incumbrauces; that said Ddortgsgor, its successors and legal representatives. will
make such further assurancea to pertect the fee simple title to said land in said Mortgagee~.
thai r heira, legal representatives and assigns~ as may reasonably be required; and that
said Mortgagor does hereby fully wanant the title to said land and will defend the same
against the lawful claims of all persons whomsoever.
PROVIDED ALWAY3, that if asid Mortgagor~ its aucceasora, legal representatives or
assigna shall pay unto the said Mortgagee-, and their lega~ representatives or assigns,
( tbe certain promissorq note-, of which the following in words and figures aYn
true cop~f to-wit: Mortgage Note
Jensen Beach, Florida March 15, 1977
555,800.00
FOR VALUE RECEIVED the undersigned promises to gay to the order of
Copes Investment Co., an Ohio Partnership
the principal sian of Fifty five thousand eight hundr~d and 00/100 Dollars
together with interest thereon at the rate of 9 per cent per annum from
until maturity, both principal and interest being payable in Lawful Money of the
United States, such principal sum and interest payable in instalLnents as follows:
Principal - Orie year from date
Interest - Payable Quarterly
i Such installment payments shall be agplied first to the interest accruing
! under the terms of this note and then to a reduction of the principal indebtedness
E The makers and endorsers of this note further agree to waive demand, notice
! of non-payment and protest, and in the event suit shall be brought for the
~ collection hereof, or the same has to be collected upon demand of an attorney, to
# pay reasonable attorney's fees for making such collection. All payments hereunder
i I shall bear interest at the rate of 10 percent per arinum from maturity until paid.
This note is secured~by a mortgage of even date herewith and is to be construed
~ and enforced according to the laws of the State of Florida; upon default in the
payment of principal and/or interest when due, the whole sum of principal and
interest remaining unpaid shall, at the option of the holders, become immediately ~
due and payable. Failure to exercise this option shall not constitute a waiver
of the right to exercise the same in the event of subsequent default.
Payable at 1130 Vester Avenue Aqua Rabella, Inc.
Springfield, Ohio President
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or such other place as shall
y be designated by the holder
~ of this note in writing.
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~ i and shall perform, comply with and abide by each and e~•ery the stipulations, agreements,
~ conditions and covenants of said promissory note- and of this deed, then this deed and
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~ the estate hereby created shall cea.ie and be null and ~ oid.
~ AND the said Mortgagor, for itself and its succe~.gors, legal representati~ es and assigns,
~ hereby coaenant and agree: ~
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~ ~ Z6 ) Pa~~E J~~
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