HomeMy WebLinkAbout1270 s0 nAV~ W IZY~~ the same, together with the tenemenla, hereditamenls and appurte-
nances thereto belonging. and the rents, issue: and profits thereo), unto the mortgagee, to fee simple.
~d the mortgagor covenant: with the mortgagee that the mortgagor b inde/enaibly seized of said
land in fee simple: that the mortgagor has good right and lawful authority !o convey said land ns aJore-
said; that the mortgagor will malts such further aasurancea to perfect the Jes simple title to said land in the
mortgagee as may reasonably be required; that the mortgagor hereby Juliy warrants the title to said land
and will defend the same against the lawful claims of all persons whomsoever: and thnt said land is free
and clear of all encumbrances except taxes accruing subsequent to December 31,
1978.
~~s, that i/ said mortgagor shnQ pay unto :aid mortgages the certain pramb-
eorp nob he?s;rta~ter tu6stantiaU~r copied or identi/ied, to-wit:
l 2@0,000.0 ~ Fort taorid._.r.8i!b~_ 1~_.; 19
79 -
As hesteinafter set forth 1. we or either of a praniae to pey to trte odder of
J08Ep8IUE 'l~IM
1~ d Tlwusatld and 00100 M__N,_,M____MM__M_M_____ OOL~'1RS
for wive aoeiwd, tjsyable st 503 $I Rancho Drive
Fort Pierce,- hlorida 33850
with
Iran. at thi rate of 8.5 ~ ant per snrwn anti! Psid: interest Ma+W as h~re~}fal~At
_ Bret forth: '
And .ad. of us wheth.r m.k... eusrantot or endoesar, hereby uwaUy waters _and nnar~os any and ali hoawt~ad •as~pn ~d~a. w~. ~sy
k heva under et+. Constitution a L.m of the Stars of florid:, or any ether State a urrtea States, as as+~~* ti~is note: orb each fvtiMr M,wa denurw.
notice of non•paynn.rr< and Deoteat, end {n avarR z< baoonw nsowary to ooliaet this rwta thr~oudh an atton+ey, ::tees >o pay ail costs et ooilaetioet,
t~ce+a~s n i attome s te. -
~ - -
-
~'ffitii principal ~ indebtedness etridt~nced hereby shall be ~ payable iu
five : (5) equal and. eoaseeutiw annual inatal3sents in the- a~aount
of ~eo,ooo.oo each, beginning one ~1) year-!rave date. interest - .
at the per annum rate above sst forth shall bs payable aaa the
unrepaid principal balance along ~?ith installment_ s o! _ principal..
f
Iu the event of detault.in-the payment o! the.indebtednese evidenced
hereby, or any part thereof, or in the perlormanes o! any of the ~
covenants and~oonditions of the mt~rtgat2e assuring this aotef then,
and in.sut;h event and. provided that such default is-not cared within
thirty f30) days attar receipt of notice theseof given by the holder =s
hereon to -the vradersigaed ~ (whit;h notice shall bs sufticiant i! depos-
ited-in-.the United States mail, certified or registered sail, return•
receipt requested, postage prepaid, addressed to the undersigned at 1
2721North Central Avenue; Pht~enix, Arizona 85008 or such other
address as the undersigned nap hereafter designate in a ~,rritten-notive~
to the holder-hereof), vithont further demand, but upon giving a.
-..#~evond notice (which second notice shall be suffident it deposited
in the ~vnited States maa1, postage prepaid, addrest;ied to the under- -
signed at the address specified is the first notice);-the entire
indebtedness evidenced herebp, together ~+ith all accrues interest, - "
sha11 beoome~due, payable and oollactible.
O-SA[1L CO. O!' CENTRAL FIARIDA,
a llorida•oorporation
~ seal! sy : ,J~i4 ~-f ES ~3~~e - sty, ,
~ts President
No. Oue._._ _ _ ~C~~._..Seal ~ . - SELL