HomeMy WebLinkAbout0298 •
~o ~iaue and to ~lold I~~e snn~e. t~~~Pf~u~~ toU~~ I~~a Ir?tements. here~~ifum~•nls iuu~ u~~p~uf~• ;
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nnnc~s i~~Pri~to ~?~~~u~i~~ing. an~ f~~e n~nls. issues aa~r pro~ils 1~~rrruj. unlo Ihe morlgagee. in jrr simp~~•.
~~I Il~e murfga~or covenanls wi11~ 11?e morlgagee Ihnl the moriga~or is i~dejeasi6ly 1P/Z('tI u( said
;i ~an~~ in fNe simp~e: fhaf t~e morlgagor hat good rigti! an~ ~aw(u~ auftiorily !o convey snid ~an~ as n~ore-
~j saic~; f~~al the mori~apor u~tll make aucti ~u~lher assum~cea lo per~pct !he ~ee simp~e Itt~e fo aai~ ~and in itie
( murfga~ee as may reasonab~y be requirecr: fha! f~e rnorlgagor ~ereby (u~~y waRantt ftie fit~e lo saic~ ~anc~
I' an<r u~ill d~/end the same agnirul fhe lawful claim: oj all persons whorruoever; ond tl~nt said land is Jree
~ and ~•~~~ar o~ a~~ encum~mnces .
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~roulded ~lways, t~at iJ said mortgugor sf~nll pny unto saic~ mortgagee the certain promis-
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~I sory nofe hers~na~ter sab,~.~e~allr copfec~ or idenlt~ted, to-wil: !
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MOA?OAO[ MOTt , 11AMC0 iORM S~ ~ ~
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s 41. 250. 00 Uec~crnt~er 1~j/ : r~ 8~
FOR ~'AI.UE REI:El~'ED, th~ uncl~t•iKr,e~I, (loinQy and u~~•?.~Ily, ii nx~rc ~tian ~,n~) Nnnni~~s t~~ p.~y to pA~ ~j
r ~ • = N~L\E .
and SHELBY 8, 1'~~O~E, t113 wife , or ord~r, in th~ manncr h~r~inaft~r eyrcit:cd,
~i~e principal sum o~ ~~~f~ F~~ 1~)0 U~)1.t..~RS ;
~ 3~?1, 25~. ~0 ) vrith intrn~t (rom date at the nte o( 10 prr c.nt. pcr ann~m on th~ balan~e from tinx to tiine reneaining unp:?id.
i he qid printipal ar?d ~nterett shall be payable in lawlul nwn~y o( tAc l n~tcd Statet uI AIOCfI[i dl fj~j [~.W. r'~rket Strec~t,
:~I"19011t711Y'g~ uS. 228~1 ~r at suih placr as rnav h~•r•~ah~-n c~ drsicnatr~! b~ Nriuro nutii~ It.;m thr }:alder u~ the m~krr F.~~rcr~f, ~~r.
+te date and in the manner folbwins:
I:~terest only of $343.75, shall be payable for the first six (6) m~nths, first interest installme~n
, ~i~;~ one (1) irnnth from date. Six rronths fran date of closi~ rr~ker shall ~r~ake a principal
'i :~educti,on of said mte in the arrount of $13.750.00. `Saker shall then camnence interest only
.::~yments of $229.17 ironthly for 12 trnnths. 'It~ereafter, maker shall gay unntly installments of
I; ; 265. 39. to become due azici payable on or before the 14th~ay of each succedi-~~; unntn ~cil the
~ :~.~nle of said indebtedness is paid irlcluding interest -~rom date at the rate of 1~/o ner arnlun
;,n t~e ~aid principal balance. `
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~ :~~ch installment first shall be applied in payment of the interest artid then on t~e ~aid
~ ~ k~ 1 an:e of the princi~al s~n.
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~ :`.~is rote may be prepaid in wtx~le or in part at any time without penalty.
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~ _e release provisinns set forth in the p~chase ironey cmrtg~ge sec~iru~ this oblig,ation shall
~:-f"c~ct and control the am~rtization of this obligation. Said release pruvisi.ons are e~ressly
~ ?lde a part of this rnte. Grace period of 30 days as set farth in the Mo~rtgage Securirag this
= note, shall be reduced to ten (10) days, upon th,e sub~rdination of this mo~rtgage to a canstructi.a
~ lender
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"i hi• not~ w~th ir.teresl n ucuz~d by a 2nort,aqr un r~al est~t~, ut ~r~n drt~ hrn w.+h, rc+~!~- hv ~h~ r.,.~k~r i,~ r.~,( i? 1~.u~ in~~ se::l
~ ; and thall br cun~tru~A and rn(~rc~A ~tcnrd~rg to th~ lawt ot th~• St~t~ o( Florida. l h~ c~ rnu u~ i u~! n;crt..:ee ar~ f;y tt is rrl~~rr.~~r
a :~:adr a part hrrtof.
~ I( d~laul: tx n~ad~ m thr ya;r.~rr.t u( any of th~ ~ums or intrrr~t m~ntioned h~•rrin or in saic! ~.t„r~i•ar~, ~~r in th~• ;Krl~.r:nan~~ uf
an~ uf the agrccmcou con'aincd 'nrre~n or ~r~ sa~d mortgage, th~n t6~ rntire prin~~pal ~u~u and a.:nird ~ntrn~i ;h.~~l a: the ~~nt~~~n u! tb~
nnldrr h~rtr.(. bettu~u a~ .~n~o dur and n~ll~r~ihl.• w~tFnut t~ntirr, tim~ fw~ir.q n( th~ (Sf~-Rt and ~ii:i jer~u~ ~;~al ,u~n .u:~l ~ni.~! :rtrr: ,t
u,ill buth brar u~t~rr~t Iro~n such t~m~ umit paid at Ihc I:~Kl~cu rat~ alluwablr un+l~•t tt~~ I.,w; ~.1 thc St: t~• t•! I lnrn!.~ f.~::.,r• iu ~~~•n r.,.
j ~tti~ opliun ?hall nol ~oiwtitut~ a wai+~r ui th~ riKAt lo e:~t.i~c thr ~~n.- in the ~«n1 0( any suLstyqrr.: ~I~~inuit.
Fach prrwn l:abl~ h~reon whrther matrr or cndnrxr, h~rrh. wai~~s preuntm~nt, pm:eet, noti~r, nut~~r u( ;.tu«~t .~r.+1 not~~c u( d~r
f~„n~~r a~~d aRrrc~ tu ;~ay all rust~, im Iuil~n4 a t~.+~~nabt~ attnrn«'s v.h, thrr suit tK- h~~~~~qht nr n~~t, afr~r ia.i~.,: i~~ n1 tlu~ ,t~• o. d~l.~~~lt
~.~reunder, or undrr ~aid rt~ortgaKe, counxl ~1u11 tx ~mpb~~~d to cull~ct th~~ nct~ ~r w~~rule:t thr i~: :rit~ ul c:~.~tK.~r~. -
N h~n~v~•r uud h~rcin the I~rm~ "hnl.lri•.~ ••mek~r" and "p.~)•~~" st~all 1?r construrit in tn~ i~s~,•„1 ~r ur plii~al a~ tl~r ~~~nt~•et n.a~
° r~ yu~rc or adnut ~
~taker'~A~1dr ~~~.~1.~
4 3~~Ke)01 iYrc 298 ~ i~I. }IAiCW.E.'Y, SR., as stee
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