HomeMy WebLinkAbout0640 ~o ~iaue and to ~iotd I~~e snn~~, !o{~ef~~er u~ilh !h~ lenemc•nfs. {~ere~~ifanenls and appurle~
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nnni-~~s t~irr. fo ~~~•~i~n{~in~~. a~~~~ f~i~ rnnfs. issues arul pro(ils i~~pr~o(. iu~fo i{~e mortga~ee. in ~ee simple.
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!I Iin~ fl~~ murl{~a{lur co~~i~nnnfs u~i1h I~~p mo?fgn~ee f~~at fhe morlgayor is ine~ejeaaib~y SPlZP~ o~ saic~
`i lan~l in simple: Ihal 11~~ mortf~a~or hn - I~t ancl Iawfu~ authorily fo convey said ~and as afore-
` soid: Ihat ~he morlfl~flor u~ill make such Ju~~~c~~~a~ices to per(PCt ~lF~e jee simple Iille to said Iand in Ihe ~
mort~~a4~c~N as mny r~~asona~~lv 6o required: that ~he mortgagor ?~e~eby ~ully warranls ihe tille~ to soid land ~
a?~d u~ill J~J~nd the same a~nirist tl~e law/ul claims o( al~ pe?sons whomsoeve~: and that said ~anct is (ree ~
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~t~ou~ded ~lways, I~nf iJ sai~ mortgagor shall pay unfo saic~ mortgagee the certnin promis- ~
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sory nole tiereina~le? su6stantially copirc~ or ic~enti~iec~, to-u~it: ~
~ lOJ 000 . 00 Fort Pierce~ Flori ~ ~a~ch ~1_._ 1~~. . `
~ FOR VALUE RECEIVED. the undersigned, jointly and severally, promise to pay to +he
order of Carl T, Ryan and Mabel H. Ryan, his wife, .
_ such place ~'es~gnated by payee
' At -
the principal sum oi TEN THOUSA~\D a~d no/ICO- - ' DOLLAF~S, n~i!?~ ~
interest at the rate of e1S~?t per cent per annum from ~2 ~e un`_?i
paid. in installments as follo~vs : '
The principal and interest here~.mder shall be payable as toilews:
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'i Eight equal annual payments on principal of $1,?_50.CO e~c'~ w:.~~ ~~e
i first principal payment due -on the lst day o~ A;~ri.l ,?°79 , zr_~'
f a like sum payable on the corresponding day ef each succeed~^~
~ period thereafter until paid in fu11. Ir~terest pay~^er.ts be
~ due and payable quarteriy on the t~pzi~ bala^ce o` t~e -~r-^c:_Y~ ~
~ sum, commencing on the lst day of July, 1°78, ~nd each Oc~ebe~,
~ January and April theYez~ter u^ti1 t~e pr;nci~~1 b~ia~c~ ~s
~ paid in full. "
PREPAYMENT IN WHOLE OR II~ PA~T iS :~~:~~Y R~S~~`~~ LY `rlL:~ ~S, :zT~'._-
OUT PENALTY.
If any installment be r.ot prompt•.y paid within 30 da~~s nest aft~~ ~'~e same '~e- _
~ comes due~ then, At ttl@ Option of the ho't?er :^.CZ'COf, ~f!p f':.1 uT`'!O'a^i rema"'.;"^'
this note shall thereupon become due and ~ayao'e u': once, toge!her «itn r_?: c`~er inc:c:`-
edness stipulated in th:s note and in the mor~~~~C fii~ ~`1 ~pc~.~re the same. ~
~ The makers and endorsers of this note fur~`~ er agree to «~a:ve notice of nor.-g~}~me.^.t.
~ protest and demand for payment, and in case s~a;t shRll be broug:zt for ±~:e co;:ec~io^
~ hereof or the same sha]1 ne co:~ecte~ upon demar.d of an attoi•.^.ey, to na~ ~~l ex~er.5e~
~ of such collection~ includin~ a reason~ ble ~"orr_e}~'s fee thereon.
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~ . / s / DONALD E . RYAN ~c^p~,~
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~ Dona~d E . ~yar.
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~ , /s/ JEAN H. RYAN
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