HomeMy WebLinkAbout0248 IIRVe ~~0 ¦W~~ I~~e san~e, (O~PIIIP~ u~il~~ fhe fertem,enls, he~edifume~~ls an~ qNN11ftP ~
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~~ances 1{~Prnlo hP~or~f~ing, an~ 1~~e ?pnfs, issues an~ profils f{~ereof, unfo Ihe mortgapes, tn ~pe simp~e.
fhe mo?lgogor couen4nls u~ill~ fhe mo~lgagee ltiaf l1~e mortgagor is Inc~ejeasl6ly seized o~ said
~ land in /ee simple: Il~at the morfgago~ haa good rigl~t and Iawf ul autl~orily lo convey ~atd [a.~d os aJors- '
~ sai~: thol tF~e morlgagor wiI! make suc1~ Jurf~er wsumnces !o per(PCt t~e /ee stmple title fo aatd Innd 1~ t~e a
+ mo~tgagee as muy ?rusona6ly be ?equired; I~nt the mortgagor heroby ~u~~y u•arrantt ttie fitle fo :atd l~nd
I and u~ill de~en~ fl~e snme again:t the ~aw/u1 claims o/ all penons wleomaoeve~; and lhat :aid land is (ree
and clear o/ all encumbrnnci~s
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~~V~ 7UW~s~ Ihat if said morlgagor shal[ pay unto aaid morfgagee fhe certain promti-
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~ sory note I~ereina(ter subatantta~~y copied or idenfified, to-wit:
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s_~...504_.15 Ft. Pierce Qececnber ~16 t9 77---- '
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FOR vALUE RKEIVfD ~h. w~d«sgn~d c?onw+s ro wr ~o ~h. ord«.d
W~LLTAM L. BAILEY and IAIS S. HAILEY, his wife ~
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Seven Thousand Five Hundred Four & ZS 100 ~
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/ ~i 7,~ 504 .15 ~ -
t a Dn swn d......__ ___........._.........._~~.._......---Oolfars - . . :
ro~har weM inlwesl lfiereoe 6on+ dats, at Ihe rate of 9•
0---..._...... ..Wr t~nl. Per.......__..d~1x111R4._._.__..----•------_..until msfu?i1y, sa:d mteresl ~
See Below ~
be~n9 oaYa6le ._..a+ the. .-••........•.••.-•-.--..day ol.._......
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each year; bolh ~e~ 1 and int~nsl bei First Federal Savin S& ~
P~ ~ ^9 payable in lawful money d the Unitad Ststes a its equiva(sM, at - g
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Loan Association of Fort Pierce, 121 S. 2nd Street, Ft. Piezce ;
ACC011f1t NO. ---3ZSg6 •--°...-_--•-•._........._..._....•-••_........_........said {xi~tipal swn to be PaYabM on ~ dates arod in IM amwir~ts specified bebw, to-wt1- ;
Ir.terest shall accrue from the date hereof, but payments of principal and interest shall not f
co:~ence until December 20, 1978, at which time the principal and interest accruing hereunder
sha11 be payable in monthly installments of $64.00, comnencing on the 20th day of becember, 19/8,
and on the 20th day of each succeeding month thereafter until paid in full, with the last
in~tallment payment to be adjusted according to the balance then remaining due hereunder.
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Y-ravilege is qiven to prepay this obligation in whole or in part without penalty, provided
:-~:tever, that if full payment of this obligation is tendered by Makers on or_before December 31.
~yi8, a$1,000.00 discount shall be deducted from the principal amount of the obligation.
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- Each maker and endorssr scveratly wa~ves danand, protesl and notice o) malurily, non-psYmaM or prolesl and ap rsquirdnsnts necessxy b hold cacl~ oi
E them Lable as ma~ers and enQorsers.
_ Each mak~r and endo~ser (w~her agrees, lanlly and severaNy, to pay stl cosls of colkclion. includiny a roasonabl~ altorntys fes in cass the princ~psl of
- th~s no?e a amr paymeM on tha pinc;~sl or any irutrest t}xreon is not pa~d at fhe respective malunly Ihereoi, o• in cast it becomes necessary io proted rhe '
secur~+y Ireied, whMher sui! be brouyhl w no1. 't
This note and defe?red iNe~esl pay~r~ents shal) bear inleresl at the rate d........_.~.nQ......_per cen1, per a~nueq frwn maturiry en1i1 paid- ;
Th~s nde is secured bY a SeC011f1.......morrgage of even date Fvrewirh anc is lo be consl.ued and enlo~ced accord~ng Io tMe laws of Ihe State d ila~da;
u~o~ default i~ Ihe payment o( principal andfw inter~sl due on any note secured by said Mo?tgaqe, all ndes so aec. oreJ. and renwin;ng unpaid shall fo.rhw~th
beco~ne due a~ psYable notwithslandirg their fenw. -
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Marqaret S. McDawell ~
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