HomeMy WebLinkAbout0193 ~
7~ T111~ 11~s aame, tog~the~ u~ltl~ /1~~ ~nimenla, h~difgntenta and appurts-
nancet f~erefo be~vngtreg, ancl !{~e renlt, taiwa and pro~its Ihereo~; unto Itis nwtlgagK, i~ I~e timp~e.
nl~ll fhe mo?fgogor rnuenanta wilh Ihe mortgagee Ihal th~ mortgapw ia indt/.a,i6ly aetzec~ of soid
bnd in ~ee simp~e; lhat fhe mo?Igagor kas good ?igl~t and ~awJu~ autl~oMty fo eo~vsy satd ~and ar ajoro-
anid; f{?at fl~e mo.t9agor will mafee such ~urtker asaurances to pt~rcf fhe ls~ atmple tifle fo said lancl in ths
mortgagee as may ?easonu6ly be requind; f~af t~s mortgagor h.mby luuy warranb t/~e ttf~e Io :nid Is~d
and will deJend tl~e sume against !!~e Iowjul claims o( alI penona whomaoeuer; ~d ~hoe :a~d I~nd t. jne
a~d cipar oj aII encum6rancea exceptf.ng taxea accruing subsequent to December 31, 1977.
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' ~COUI~ ~~S t1~ae t said mort ,hnU
~ ~ gagor pay unto said mortgaAee t~e certain promii-
sory nole /~ereino~fer substanfiaUy' eopied or identi~fea, to-wit:
MORTOAOE NpTR
= 6,570.00 ~ort Pierce , Fbrida
April 5, . ~9 ~g
FOR YALUE RECEIVED. the uadenigned, (jointlr and ~everaUy~ if more than one) promise~ to pay to
FR~?NK DE T~MAS CONS11tUGTION~ INC. ~ a Flo~cids Co~eporetion , w orda, in tbe manner heninatter tpeciEied,
~he ~indpal awn ot SIX TADUSAND FIVE HUNDRED SEVF~C and------------------•------no /l00 DOI.LARS - :
6,570.~ ioterut fwm date at tbe rate o( 8-1~2 p~r cent. per annum oa t6e bal:nce 4om time to time remainins uapaid.
The ,a;d prineip.l and iniere.e ,l,all be p~rabk in Ia..[u~ awner ot ebe u~~eed saw ot wmeriu ac 371 Midway Road - Fort
Pieree, Fla. 33450 ~ ~t ~uch place u may herea(te~ be desisnated br written notice trom thc holder to the m~kcr hereof~ on
~he dau and ia ehe manner fo[bwins: °
Face Amount of Note And Mortgage payable, with interest theeeon fram
~date at the rate of eight and one-half percent per annum, in manthly -
increments, including principsl a~d interest, for a period of ten (IO)
years, with the firat such payment due and payable May 5, 1978, and
monthly thereafter; ~
Prepayable at any time without penalty;
Default eu~der the first mortgage hereof automatically constitutes
default under the second mortgage;
Thit note with intere~t i~ secured b~ a mortgaRe on na1 e~tate, oI even datc herevvith, made by the maker herco( in favor of the iaid
payee, and ~hall be ca~utrued and enforced accordins to the law~ oI the Sute ot Fbrida. The ternu of aid moregage an by thii rcfercoce
made a put hcreot. . -
I( detault be made in the payment o( a~r ot the ~umi or intereit men[ioeed hcrein or in uid morrq~ge~ or in the prr(ormance o!
any o( ths sgreemenb eontsined herein os in uid mortaa6e, then t6e entire principa) wm and accrued interest shall at the option of the
holder hereot become at once due and tollectibk without noticq time beins oI the esunce; and uid principat ium and accrucd intenct
ahall both bear interest from ~uch time until paid at the his6eat rate al)owabk under ti~e larvi of the Sute ot fbrida. Failure to exercise
chu optioA ~hall not wnstitute a~?aiver ot t}u right to e:crwe the wne in ~he even~ ot anr ,uMequenc defaule. ~
EacL pcnon liabk hereon whether maker or endoner~ herebp v?aives preae~tment, protest, notite notice o( protcit and notice o( dir
hoear sad aatep W par aU cosb, iecludin~ a rcawnabk attorner'~ fee. whether ~uit be brouaht or not, i~~ after auturitr of thi~ note or detault
hereunder. or under iaid mortgaae~ connsel ~hall be empb~ed to oolkct this note or W protect the iecuritr o( said mortsase.
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M?heaerer u~ed btrein the term~ "boWu"~ ••maker" and "psTee" shaU be ooaatrued ia the singulu or plural ai the rnntext mar
rcquitc at admit.
Maka'~ Addre~ ..__...-••.....(SEAL) :
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