HomeMy WebLinkAbout0804 30 #iaue and to ~totd t~~e santc~, tuc~e~l{~e~r u~i1h Ihe fPnemenls, h~c~ilamenfs uncJ uppu?fe-
nanres f~~rrelo ~?elunyin,ry. au~~ f~~~ rnnts. issu~s nn~I pro~ila fhertiw~. :weto f~ie Qu~Jgpdee. in ~ee simp~e.
~nd Itic~ muripo~/or ~onenanfs u~ifh I~~e murfgagee Ihaf fhe mortgagor is inc~ejeasid~y seiz~ o~ sai~
Ianc~ in Jee cim~,l~: tl~at Ihe mort~apor has good rigf~t anc~ lau~Jul uulhorily to ronuer saic~ lane~ as a(ore-
sai~1; I?Iq~ IIIP mortn~go~ u~i~l ma~:e such ~urll~er assurances fo per~ec.t the ~ee aimple lille lo snicl Iand in tF~e. '
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morfga~ee as may reasonah~y be requiret~; t{~af f{~e morlgagor hereby ~u~~y warranls f~e tit~e to aaid Innd
nnd irill d~Jend the snme ngainst fl~e Iau~~u~ rlaims o( all persons w{~omsoever; and tltat said tnnd is jree
a~~d ~IP~~ o) ~ll ~ncumhrances except taxes accruing subsequent to December 31 ~
1477.
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~rouided ~11wAys, 1{eat i~ saiJ morlgayor stia~~ pay unto saic~ mortgogee the certnin promis-
sory note hereina~fer su~sta?efial~y copie~ or ic~en~i~ie~, fo u~it:
144 IN~TAI.LMtNT NOTt ' ~~~~~~w M~~
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S 2~ 000. 00 Florida, J3*+uar~?r...l.~.T ~ I9~.8.
For value receivod the underaigned jointly and st~crally promrsea to par to the order o/ BANK OF ST _ . iCT .
COUNTY, as Trustee under the Last Wi11 and Testament of ERNEST CLYDE COLLINS. deceased.
` t1~e principal sum o/ T~'JO THOUSAND ~nd Nn / 1 noUars 2* OQO. QO ;
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togetlur witk interest tht~eon Jrom dote, at the ralt o/ nine C9~? ~~r p~r annum Lntil maluritr, said interest ;
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~ 6eing payable ~nnt~al l~_on the ~l~ th ~~r o/ Taanarv_ 19Z9, ,,,~d on like d~,v
' each ycar; both psincipal and snterest 6ein6 psrable in lau~/u! moreer o/ the United States or its equiva~ea~, at ~ 71 ~lranvP
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Avenue, Fort Pierce Florida 33450, said principal ~um to 6e parablt on tht doles ond in t?tt amounts
speci/ied 6tlow, to•wit:
1wo (2) equal annual installments of principal in the amount of $666.67, with a third
and final payment of $666.66 due three (3) years from the date hereof; interest on the
entire unpaid principal balance at the rate of 9X per annum shall be due and payabZe
with each annual principal payment. -
f Maker reserves a thirty (30) day grace period on each payment due. Maker further reserves ~
` the right to prepay same in whole or in part at any time without penalty.
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Eaeh maker and endorser se~enit~ w~ive~ dcm~nd, proteat and nottee of m~turit~, non-parment or rotest and a!1 r i
p equtremeats nmseary t
to hoid eaeh ot them llable as makers ~nd endorsets.
Each tnaker sne endorses furtAer Krees. )Wnq~ ~nd se~enll~, to p~~ Rtl eoats ot coltettlon, fncluding • reasonable attorae~'s tee In use ~
; ehe pzfoclpal of thts nou or ~n~ parmeat on the princip~l ot snr laterpt thereon 1s not p~ld ~t the respectl~e maturit~ thereol, or 1n dte 1t i
Decomes neeess~rp to protecc tAe securlt~ hertof, whecher suit be ~rouLnt or not. -
Thb note •nd deterred tntereat yspments shall be~r laurett at tRe rate ot per cent, Der annum irom m~turft~ unW patd.
Tt~ls note Is secu~ed b~ ~ mortsa~t ot er~n date Ae?e+ltb snd b to be construcd ~nd enTorc~d aeeordtn` to the l~ws o( the
State o[ Florlda: upua default 1e tAe p~rment ot prlnclp~l andior lnterest due oa anr note secured by ptd ~tortg~ge, all notq so seeured and ;
remalning unpaid sh?Il torthwitti ~ecome due •od D~ri~e Aot~rlthstandin~ their tenor. .
/s/ John Ficara Jr. ~
John Ficara, Jr.
~s~.r~
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