HomeMy WebLinkAbout1309 ><jfgVe ~ W the same, together with the ienemerefs, heredilamerefs and nppurfe- i
na?eces Thereto l,elu++gir+g. and the reels, issues and profits ll+ereo(. unto Iht mortgages. in fe. simple.
the mortgagor covenants with the mortgagee that the mortgagor is indefea~tbly seised of said
land to /es simple; that the mortgagor has good right and lawful authority to convey snid land as a/on-
said: that the mortgagor will make such further autuances to perfect the j.. simple fide to said land in the
i~ mortgagee as may reasongbl~ be required: that the mortgagor hereby fully war?ants the title to said land -
~ a?erl will defend the same against the lawful claims of all persons whomsoever: and that said fared is jree
~ and clear of all encumbrances except those taxes accruing subsequent to
i December 31, 1977.
i
~ ~ ~SyS, that if said mortgagor shall pay unto said mortgagee the s:sNsiin pr+omis-
sory note hereinafter substantially copied or identified, to-wit:
MORTaASi NOTR ;
= 28,000.00 ~ - ~ February 15 . 19 79PierFL
FOR VALUE RECEIVED, the uadessignsd, (jointly and severally, if more than one) promises to pay to
JOHN S. KROUSE ~ GRACE T.KROUSE, his wife iY GRACE E. THORNQ'ON
_ , or order. is the manner berei??after specified,
the principal sum of TWENTY-EIGHT THOUSAND DOLLARS AND NO/100-----------------------!`100 DOLLARS
(i 28,000.00) with interest from date at the rate at 9 3/4 per cent. pa annum oa the baWsce from time w time remaining unpaid..
The said princpal and interest shall be payable in lawiW money of the United States of America at 6804 Donlon, Fort Pierce,
Florida 33450 or at :ucb plan as may hereafter be designated by written notice from the bolder to the maker hereof, oa
ehe date and in the manner following: '
Payable in One Hundred and Twenty (120) consecutive monthly installments of
TWO HUNDRED.FORTY-NINE.and 52/100 ($249.52), beginning Harch 15, 1979 and
'i monthly thereafter up to and including .February 15, 1989.
The entire remaining principal balance together with interest thereon
~ shall become due and payable. -
The makers reserve the right of prepayment at any time without penalty.
This note with intuest is aecwed by a mortgage on real estate. of even date herewith, made by the makes hereof in favor of the said
payee, and shall be conswed and enforced according to the laws of the State of Fbrida. The terms of said mortgage are by this reference
made a part hereof.
If defauh be made in the payment o[ a~ d the sums or interest mentioned herein or is said mortgage, or in the petformance of
any of the a reemenu contained heresn or in aid mortgage, tLea the entire principal suss? and accrued interest shall at the option of the
holder hes~eo[ become at once due and colkcubk without no ' time d the essence' and said pnncipd sum and accrued interest .
shad boeh bear interest from such time unte~ paid at the bigb~
rate allowle under the livrt of the State of Florida. Failure to a:errise
this option shall not. constitute a waiver of the s+gbt to exercise the same in ehe event of any wbsequent default
Each puson liable bacon whether maker of endorser, hereby waives presentment, protest, notice, notice of protest and notice o[ dis•
honor and agrees to pay all costs, including a reasonable attorney's fee, whether sort be brought or if, after matunty of this torte or default
hereunder, or under said mortgage, twe+nsll shall be employed to collect this note or to protect the security. of uid mmrtgage.
H'beneva used huein the terms "bolder", "maka° and "payee° all be construed in tb~singu or plural as -the context may
require or admit ~ /
Maker's Address ....a........ - • ......(SEAL)
/
~L B . EA ER
3441 S. Broad St. ,Trenton, NJ 08610 ~
.................................(SEAL)
..(SEAL)
a