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HomeMy WebLinkAbout0397 ~ t ~ f~~e sante, l~et~~er wilh fhe fene+nanla, he?ec~itamvnb ancl dppttrte ~i ~0 ~AUt illt~ t0 ~O~d . 1 na~ir~s 1~~Preto ~,p~onging, m~~ Ihe rents, issues and pro~ils Ihereo~, unto 1{~s rnorlgagee, tn ~se si?np~e. ~ the murl~of~or rovenanls with the morfgagee lhat the morlgagor 1: indereaai6ly seized of aaid jl land in /~e simple: Ihat 1l~e mo~tga~o~ has good rigl~t and law/ul nulhortty io convey ~a~d ta?~d aa afore- i' suid: f{~al Il~e mort(~a~o? u~ill make sucf~ ~urthe~ assurancea to pe~~pct Ihe (ee aimple ttlle to sait~ Iand in the j'` morl4~ngee as may reasonaE?Iy ~s• require~I; iha! !tie morfgaflor hereby ju~~y wanants the fil~e lo saic~ ~a~?tl ii u,i11 :lejend tlie snme against the lawjul claims of n~~ perso~u whomsoe~~er: nntr thot said lund ia jree and clear o~ all encum6mncps I~ ~i . ~ ~ ; . . i . , :j , . i ; ~ ~ ( ' ~rou~ded ~ilways, 1{ia! i~ saic~ morlgagor shalt Pay unfo said mortgagee t~e cerfain promis- , SO~V IIOtP IIPIPIIIQ~IP~ SU~S~qR~14~~V fO~IP~ O~ [~Pll~i~IP~. ~O-Wt~: ~ ~ ~ ~ ~ MORTaAGE NOTE RAMCO FORM b~ i Fort Pierce ~ F~;a~ 485, 000. 00 ~ 14 78 _ October 31 FOR VALUE RECEIVED~ the undenigned~ (jointly and ~cverally. J more than one) promixs to pay to ~~lalter R. Dorsey and Alice R. Dorsey, his wif ~ or ~rder. in tlie manr.er heniaafter specified. ~h~ prinripal ot Four hundred eighty five thousand and 00/100---------Jloo mL~.~?tts ( i 4 8 5~ 0 0 0. Xh6~ interat Irom dau at the nte o~ pcr cen4 per artnum oa the balaace irom time to time remainin6 unpaid. The uid prina~l and intenst ahaU Sbe pa bk {in lanFriu'l money oI the 4USnited States o[ Ameriu at,,,~p,~~.g~~p,~.~~.}~~c~,a ' 226 Camelot Drive, Portpr'3~1u~~lttPf'asMl~~~~~fter~~lF~gnated by wriurn noticc from the holder to the maker hereot, on the date and in the manner following: s Monthly installments of $3,729.65, including principal and i interest, until fully paid. The first mortgage payment is due 3 on January 5, 1979, and interest will run on tNe fifth day of ~ each succeeding month. Maker reserves the right of prepayment ~ at any time, without penalty. anytime after the fifteenth year. ~ No prepayments may be made prior to that date. a x ~ ~ ~ e ~ : ~ ~ ~ ~ i ~ { ~ 1 ~ ; e ~ ~ ~ - 7'his note with interest is fecurcd by a mortg e on real estate, o( cven d~te herewith, made by the m~ker hereot in favor of the taid payec~ and shall be construed and entorced accordi g to the laws of the Stite ot Fbrida. If de(ault be made in the paymeat of any of the sums or interat mentioned herein or in uid mortga6e, or in the pcdormana of any o( the agrecments contained herein or in said mortaa6e~ then tbe entire p»nupa! iuro and accn:ed intetest sh:i) at iht option of the ; = hoider henot become at once due and colkcubk without -nouct, tiau beins of the esfence; and ~aid principal ium and accrued interest ahaU both bear intercit from soch time until paid at tht hiabest rate albwable undv the laws of the Stau ot Fbrida. Failure w exercise thu option sball not constitute a waiver of th~ riEht to acerciie tbe same in the event ot any ~ubnquent dJault. - Each perwn liable hueon whether malca or endorser, hveby waives preseatment~ protest~ noeice notice ot protat and notice ot dis- _ honor and aar?es to par a1l costt, includins a rea~onable attoraep's (ee, whether suit be brought or not, ij, alter maturitr of this note or de(ault _ hereunder, or undu uid mortgase~ counstl ahall be empbyed to colkct this aote or eo pmeect tLe security ot ssid mortga6e. - WFltMVti used hereia t6e temu "holder"~ "maku" and "payce" ihall be wnawed 'n t6e ai lar or plural a~ the conteXt mar require or admit. ` .................................(SEAL) • Maker't Address . . GAROLD W. LEWIS -•---:•--••-•--••-•••-•--••••••••--••••--------•••-..(SEAL) ~ a~~297 3~7 ~ . n ` ~ ;r ~ v~~'i'l/Y~,~ ' .....(SEAL) . ~ ;J} S..i~eat~her~ee-Road~~--i~t-: -P3er~~;-~FL----~~~3~St~-.. ~O ANN LEWIS , (SEA ) ~ ~ ~ ' - ~ ~ _ _ ~ . . . ~ ~