HomeMy WebLinkAbout0624 ~0 W ~ 11~• sam~, togsti~w u,ith ti~~ t~nementa. ~~?+d1lam~nli artc~ nppwl~-
nancea th~nto ~~on~inp, nnd t1~ nnta. is~ua~ ~ pro~ib th~rao~, unto f1~~ mortpagN. 1n ~e~ rimp~.
~ th~ moNgagor cow~wnb u?ith tk~ mortgagw t~af th~ na?tgagor is ind~J.a~6ly s.ts.d o~ iaiol .
~nnd in ~~t sirnp~: that !~e mortgapo? ~o+ 9ood rig1~! and ~awju~ nufhwify !o eonwy rait~ ~artd aa cloro- ;
sald: t1~a! th~ mortgcgor wiU nw4e such Iwtl~e? auurnnc~a to perj~ct th~ j.. ,t~l. eitl~ eo.,~td (and tn ~I?.
~nortenpw aa ~y .aosonably b...q~t~d; that tk~ mortgagor l~~?v6y JuUy wanonb th~ titb to ~atd bnd
and wiU d~/ond tk~ son~ ugainst tht lawjul clalma o( all pe?son~ whomio~vt?; and tha! scld Innd ts Jre~ ~ ;
and cloor o( alI ~ncumb?~aancaa ,
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Upon principal payments totalinq $30,000.00, Mortgagor
shall be entitled to a partisl release of one condominium unit ;
and a like release on each subsequent $30,000.00 principal pay- ~
ment.
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~~~~~/{YLI~ ~~s~ thnt ij said moitgagor s{inu pny unto said nwrtgagee the oertain promis- ~
- aory nott herei~a(ter substantiauy copied or icjenti(ied. fo-wit: :
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~ 180,D00.00 Fort Pierce~ Florida January 9, 1g79 ' ;
FOK VALUE RECEIVED~ the undersigned. jointly and severally, promise to pay to the order of .
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FLORIDA BANK AT FORT PiERCE ~ ~
----ONE HUNDRED EIGHTY THOUSAND & 00/100ths----------------------- ~
DOLLARS,
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at P O Box 3469, Fort Pierce, Florida 33450 or such other place as ~
the holder hereof may designate in writing. together with interest frora date at the rate of 11-3/4$ ~
per centum per annum, on the unpaid balance until maturity. The said principal and interest shall be ~
due and payable as follows : . ~
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Principal amount of $180,000.00 shall be due and payable ~
one hundred eighty (180) days from date with interest at ~
the rate of 11-3/4$ per annum. ~
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THE MAKERS AND ENDORSERS OF THIS NOTE HAVE THE RIGHT TO PREPAY WITHOUT PENALTY. ~
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; FOR VALUE RECEIVED WE HEREBY GUARANTEE THE s
~ PROMPT PAYMENT OF THIS NOTE AT MATURITY. ~
~ DATED: Januarv 9, 1979 ~
~ ~ . /s/ >
~ Donald E. Jacobson ;
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/J/ ~
~ John R. Rea r
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~ /S/ ~
~ Vernon L. Scott ~
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If default be made for 30 days in the payment of any installment of principal or interest or ;
- any part thereof, the whole sum then remaining unpaid with interest shall a~ holder's option becorae
- due and payable without notice. Failure to exercise such option shall not constitute a waiver of the
y~ right to exercise the same in the event of aubsequent default. After maturity both principal and accur- t
~ ed interest ahall bear interest at 11-3/4~er centum per annum until paid. The makers and endorsera '
~ of this note further waive. demand, notice of aon-payment and protest If thia note is not paid at matur- ~
- ity and tbe same is placed with an attorney for collection, the makera and endorsers hereof agree to pay
all costs of eollection, including all court costs and reasonable attorney fees. _
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`~3 3.R.J., Inc. SEAL
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1 A gy;/s/ Donald E. Jacobson SEAL) ~
~ BQOK ~y fAGE 6~`~ - ~tf~ ~
~ /s/ Vernon L. Scott _ -
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ATTEST : ~SEAL)
~ Secretary
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