HomeMy WebLinkAbout0999 , . ' l .
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~ ~o ~iaue and to ~iold I~~r sanu~, lu4~c~l~~er tvif~i f~ie t~~nemenfs. ~~e~e<~iiurienfs nn~~ upp~~rlr ~
i1 nunri~x I~~~r~lo ~?~~~unqim~, un~~ Ih~ rnnfs. issti~s an~~ pro~ifs I~~ereu`. unfo f~iP morfgagee. in ~NP sin~pl~. ~
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1Ln~ f~~~ murt~~ayu~ rorrnan~s tnif~~ f~~~ mo?t{~apee t~iqf fhe mortga{~or is i?tc~eJc~nsiti~y aeize~ o~ sai~
~un~~ i?~ simp~i~: 11~a1 I~~e morl{~u~or ~~us go«I riflht and law~u~ aid~ority lo convey said Iant~ as ajore- l
soid: Ihat rl~~ morl~~c~~~or u~i~l make such /urfF~er asst~rances to per~PCt the ~ee simple til~e to said Iand in the
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morf,ryaf~t~e as may reasona~~~y ~~e req~ir~: Ihal I~ie morfgagor ~?ere~y ju~~y warrants f{ie fil~e to snic~ ~anc~ ~
c~nd ivill d~~i~n~~ tl~e same ~~ainst the ~au~/ul claims u~ a~1 persoria whomsoever: and thnt said ~ana~ is ~ree ~
and cb~ar oJ ~I! pni-umbrancps except a first mortgage to Citizen's Federal ~
Savings and Loan Association of even date herewith, from Dale W. Johnson ~
i~ in the principal amount of $56,000.00
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; ~rouided ~lways~ thn! i~ sai~ mortgagor- s{~a~~ pay unto sntd mortgagee f~e certain promis- !
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' sory note hereinaJfer substanlially c~opiec~ or i~enfi~iecl, fo-wit:
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12, 542. 15 ; ort Pierce, Florida _ December 30 19~~
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FOft ~'ALUE RECEIVED, the urtdersigr?ed, jointly and severally~ prom'r~e to pay to the order of
FRANK BONFIELD - - '
, ~~elve Thousand Five Hundred Forty-~ao and 15/100 _ DOLLAAS,
~ - 110 S. 20th Street, Fort Pierce, Florida ar such other place as
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~ the holder hereof may designate in ~vriting, together ~vith interest from date at the rate of 9
4 per centum per annum, on the unpaid balance until maturity. T1:e said principal and interest shall be
y c;~:e and payable as follows: The sum of $5,542.15 on or before January 9, 1978,
~ and, thereafter, in ten (10) semi-annual payments of $700.00 plus
~ accrued interest to date of payment. The semi-annual payments shall be
~ due ON June 30 and December 30 of each year with the first payment
; being due on June 30, 1978; all payments shall be first applied to accrued
interest and then to principal until this note be fully paid.
a This note is secured by am~rtgage bearing even date herewith
; upon certain real property, described as follows:
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The north 1 acre of the following described property, _
~ to-wit: Beginning 16 chains north of the south-
west corner of the northest 1/4 of section 3, Township
S 36 South, Range 40 East, run thence east 5 chains,
~ thence run north 7 chains, thence run west 5 chains,
thence run south 7 chains, to the point of beginning.
EXCEPTING, however, al1 rights of way for public road and
:s drainage canals.
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If default be made for 15 days in the payment of any installment of ~rincipal or interest or =
~ ~ ny part thereof, tt-.e w•hole sum then remaining unpaid ~vith interest shall at holder's option become ~
1ue and payable without notice. Failure to exerci~e such option shall not constitute a wairer of the
right to exercise ti:e ~ame in the event of subsequent default. After maturity both principal and accur-
ed interest shall bear interest at 9 per cenLum per annum until paid. The makers and endorsers , _
<=s of this note further ~vaive demand, notice of non-pay ment and protest. If this note i~ not paid at matur- :
r'~ ity and the same is placed ~~~ith an attorney for collection, the makers and endorsers hereof agree to pay s
all co~t~ of collection, including all court costs and reasonable attorney fees.
- - - (SEAL)
; 0 R ~Q(~ E_W . JOHNSON - - (SEAL)
3 BO~K vv FAGE :
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