HomeMy WebLinkAbout0791 ~0 ~~NVt ~ W ~i11~ l~e same, togefho~ mlt~ fh• tenomenls, l~vrodltanienl~ and appurte-
nances fhe?eto 6e~onging, un~ !{~e renta, issues and pro~tft l~ereo~, u?tto fhe mortgnge~. trs ~ee ~Impls.
~ tha rr~ortgagor coveuanls will~ tl~e rrio~tgnge~ lhat the nw?tgogo? ia indej~~6iy setzed o( said
janc~ in ~ee simp~e: fhaf t/~e mortgagor kas goo~ rigl?t nnd ~awfu~ autkority fo conu~y sald ~a?td w a~on-
said: 1/~qt the morfg4go~ u~i~~ ma~e such ~urt~?er assurances to per~rct ftie Jet stmple t1t1~ to sald Iand in ftie
mortgagee us moy .~oRa6l~ 6~ ~.ayu~.~d: thnt ths morlgaAor k~?eby Jully u~on~nnta the Ulle to :a~d [o.?d
and wi~l de(encr Ihe same agnins! fhe ~awJu~ c~oihts of nI~ penoni whomioeier untl tl~a! tatd ~en~I ia Jroe
and clear o~ al! encum6rances excepting taxes accruing subsequent to December 31, 1977.
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~ ~roV~~ IUW~s~ t/uet if saic~ morlgagor stia~~ psy unto said mortgugee fhe certatn promii-
sory note hereina~t¢r SubsiaRl~ally roPied or idenli~isd, to-w!!:
Mow~owss Non
S 9,000.00 Port Pierce ~ Fbrida
~ December 2~ . 19 77 •
FOR VALUE RECEIVED~ tAe uadersianed~ (joindr and ~everaUy~ i( more than one) pranixs to psy to
WILLIAM BECKEIT and MI.DRED BECKEIT, h18 wife . a~a~ in the manner hereinafter ~pecified,
che wise;PV sum o[ NINE TH4USAND and -------------------------------------------no /100 DOLLARS
(=9,000.00 )„rith interat trom daee at the raee oE 7 per cent. per annum oa t6e balar?ce frao time to t;me remainie~ uopaid.
'I7?e iaid principal aad iaterat a6aU be parabk in lav.ful moner of tbe United Stata o[ Americs at 231 Hernando AVe; FoI't
°ieree, Florida ~~?S~ or at ~uch place as mar hercafte~ be desianated by written aotice (rom the holder to the maEer hereof, on
che date and i~ tlu maaoer Iolbwina:
The smocsnt of this Note and Fbrtggge payable from date att~e interest
rate of seven percent (7'~t) per annum for a period of eight years.
?Sonthly payments in the amoant of $122.71, including principal and in- -
terest, with the firet such payment due and payable Januasy 28, 1978.
IC is expressly understood that this mortgage and note do not carry
the right of pre-payment; in the case of the death of either iRLLIAM
BECKETT or MILDRED BECKEIT, payments are to continue monthly until
mortgage ia paid in full.
This note with ieterat is ~ecured b~r a monga~e on nal eitate, o( even date herewith~ made by the maker herco( in tavor of the iaid
payee. uid shaU be rnnatsued and rnforced accardina W the laMn o( the State of Fbrida. The term~ of uid mortgage are by this rc(crcnce
made a part be~eot.
If default be made in the paymeat o( any o( the iwru or interat mentioned herein or in ~aid mortgage, or in the pertormance of
anr d the reetnenu ceatained herein or ia uid mortaa~e~ thea tbe entire priacipal rum and accrucd interest shaQ at the option o[ the
r
beWet he betane at oace due aod coiketibk without notite. time being o( the wence; and said priacipal wm and accrucd intercit
i1~a11 both bear interest (rom wch time until paid at the his6at rate allowabk uadet the lavns of the State o( fbrida. Failure to ezercisc
thia optioa ~6a1! uot co~utitute : waiver ot tbe r~bt to acerci~e tbe wne in t~e event of :nr wbequent de(auit.
Esch pcrwn liabk hcrsoa whether mal~er or endoner~ herebr waives pruentmeat, protat, notice notice oE prote:t and notice ot di~-
houor and asrees to pa~r a11 co~u, includin6 s reasonabk attorner's (ee, wFuther tait be bwught or tat~ ir. atter maturity of thia note or detault
beteua~der. or unda wd nartaase~ counsel ahal! be anpbyed w oollect this aae or ~o pmtect ehe ucuritr of sa;d mortg:ge.
Whewever uaed 6ueia tbe temu "6o{da", "maker" aad '~Wpee° ~halt be ooattrutd in thc unsulu or plural ss the context mar
reQuire or admit.
Maksr'~ Addnn _ ..................._......__.......(SEAL) i
G~O'k~~~ E. RAKE-........
8~,1„~,..~~.. ~
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