HomeMy WebLinkAbout0535 ~
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~o ~iaue ~nd to ~lold Iti~ snn~p, to{/ethe? wlt~~ the tenomenls, hereJilumenls an~~ nppwtp ~
nnncps t~~Prnfo ~?~~unginn, an~ fhP ?rnlt, issues ancr pro~lf~ 1{~preoJ, unfo Ihe morfgages, tn jpe ~imp~e.
I ~ thP mo~lgapo? co~~enants with Ihe n~orfgapae Ihat !he mo?tgagor ii tnde(so,i6ly aelzed o~ soid
land in Jee ~imple; fhot ll~e ntorfgagor hai good ~ght and Iaw/u~ aufhortlr lo convey :otd lo?~d ai ofon- ~
~ saic~: Itiat Ihe mortflago~ u~i1l malre auch ~urthe~ auurnncei to p~~'c! Ihe ~se ilmplt 11lI~ to icld Iarttl in !h~ ~
` mortNagee as may reaaonably 6e rer~utred: lhal fke mo?taagor h~re6r /uUy wananb tkt iltle 1o aald land ~
a~u1 u~ill defeRd Ike some against ll~s law(ul clainu o~ all penona whonuo~uer: and tka! ,atd ta.~d a In. 3
and clear o( nll encum6rancei
This Nbrtgage shall not be asswned by any second party without first obtaining
pe~cmission in w~iting from the Irbrtgagee.
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~ ~V{~1~ ~~s~ that i( said mortgngor shall pay unto iatd mortgngt~ fhe cerfain promb-
~ sory note I~ereinaf
ter substanfin~~y rnpied or identtlied, to-wit:
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~ S 56,000.00
; Fort Pierce, Florida, April d,~1977
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POR VALUE RECEIVED, I or we, jointly and severally, promise to pay to the order of
DON J. McDONALD and SANDRA J. McDOVAI.D, his wife
903 Jackson IVay
Fort Pierce, ~la. 33450
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FIFIY-SIX 'I~ia1SAND and Noj100-------~ - ~
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i at the above address in equal , ~ allme_n/t~ of 5250.00 ea , th first in-
I 1 J~~ ~'~r~it~
~ sta~lment to becane due and payab on or before_the 15 da of May, 1977 and one
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~ installment to become due and payable on or before tiie lSt day of each succeeding ~
month until the First Nbrtgage is paid off which mortgage has been recorded in
Official Records Book 203 Page 237 , thereafter the pa}~nent ~.ill be $b50.00
each until the whole of said indebtedness is paid, with interest from the 4th day
of April, 197~ at the rate of 8~ per anntm on the wlpaid principal balance. The
Debtors agree to pay ~10,000.00 on this Note within five (S) years from the date
hereof. Any default on the First Mortgage shall be considered default on the
~ Second Mortgage and the Nbrtgagee has the privilege of calling for the whole amount
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~ to be paid. The makers of this Note herein reserve the right of prepayment anytime
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in whole or in part without penalty.
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lL,'-' ~ 7r 1 t'~--rZ (SEAI,)
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t~ PA6f ~/V~~ ALI CE E. NELSO?'V
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