HomeMy WebLinkAbout1665 ~0 ~ ~ the same, loge)her with the terre~~enfr. he?edllorNru(tr and appurfe•
/la/ll'ys Ihyrelo belonging, and the ?enfs. Issues and profile thw.wf, unla the mortgages, to fK simple.
Ihy mortgagor coiwnanls u~tth the mortgagee lhaf the mortgagor tr (ndrfeasibly seised of sold
land in fee simply: that the mortgagor hat good right and lawful authority to convey rnld land as of
onr-
snid: that the mortgagor will ma4e ruck further assurances to perfect the /ee simple title to said land to the '
mortgages as may reasonably be required: that the mortgagor hereby fully worranfs the title fo :aid land
and u~dl de f
ynd the same against the lawful claims of all persons whomsoever; and that said land ti free
and clyar of all encumbrancer except taxes for 1977.
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~1WAys, that ij said mortgagor shall pay unto sntd mortgagee the certain promis-
sory note hyrPirlnfty? substantially copied or Identified, to-wit:
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PROMISSORY NOTE.
$ 32.000.00 Fort Pierce, Florida, Februar /b , 1979
For value received, I, we or either of us, promise to pay, without
defalcation, to the order of FLORIDA BANK AT FORT PIERCE, 501 Orange Avenue,
Fort Pierce glorida.33450, the sum of $ 32000 00 with interest from date at the
rite of 9-3I4 per annum, in 20Tg~>~'ter~installzaents as follows z $ 2040.64
on the day of Mae , 19 79,•and a like t;um on the correspon ng
day of each month thereafter until the whole be fully paid.
Bach installment first shall be applied 3aa payment of the interest-and
then on the unpaid balance of the principal sum. If default is made in the
~ payment of any installment when due, and such default continues 30 days, then
at the option of the bolder, and without any other notice, all the remaining
installments shall be due and payable at once. Privilege is given to prepay
this note in whole or in part at any time without penalty. Neither forebearance,
nor acceptance by-the holder thereof after any default in payments hereon, shall
be deemed extension. A late payment-charge of $
1~, shall be added to
each installment remaining unpaid 7 days after its due date, and a like sum
shall be added to each such installment remaining unpaid 7 days after each
succeeding payment date.
Bach maker, surety and endorser hereof, jointly and severally, waives
demand, presentment protest and notice of protest for nonpayment, and further
agrees to any extension of time of payment, either before nr after maturity,
without notice to any of us; and to pay all costs of collection, including a
reasonable attorney's fee in the event of any default hereunder, and hereby
severally waives all benefit of homestead and exemption under the constitution
and laws of each State of the United States, as against this obligation or
any extension or renewal hereof. ~ •
ilitpess the hand and seal of each party.
/s/ Morris Gates (sEAt.)
Morris Gates
• / s / Anna Gates (S~)
Anna Gates
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