HomeMy WebLinkAbout1140 ~o ~iaUe and to ~Iotd the sane, together with the tenements, hereditaments ant{ appurte-
nan•es Ihrrnfo belonging, and the reels, issues and profits thereof, unto the mortgagee, in fee simple.
fi end the mortgagor rnrenants wuh the mortgagee that the mortgagor is indejeaably seized of said
land in fee si?nplN; that the mortgagor has good right anti lawful authority to convey said land as afore-
. said: that the mortgagor tuiU make such further assurances to perfec! the fee simple title to said land in the
i'~ mortgagee as may reasonably be required; that the mortgagor hereby fully warrants the title to said land
ar?ri trill defe??rl the same against the lawful claims of all persons whomsoever; and that said land 4 /nee
~i and clear of all encumbrances
ij ?
.;li
.I
~I
i;
I
i)
I
E
~t?ovuled ~twaysf that i f said mortgagor shall pay unto snid mortgagee the certain promis-
i'
~4 sort' note he?ei??a/ten substantially copied or identified, fo-wit: ~
i ~
" Vero Beach Florida . _ _ _ 19___ No. -
?
= ;For value received, the undersigned jointly and severally promise to pay to the order of t
~~;Marie Louise Andersen
-
`~:at~~Place designated by_payee - - _
~R. -Two Hundred Nine Thousand Five Hundred and No/100--------
then sum of Dollars
j;~ - -
. with interest after _S _ at the rate of ____L+~~^^-4-- _ per cent per annum-
~~~Principal and interest shall be payable in the following manner:
;;This note shall be payable as follows: The sum of X20,000.00 per year,
t'commencing September 15, 1979, and continuing each year on or before
";September 15th for ten (10) years, and a final payment due on September 15,
':;1989 in the sum of x9,500.00. -
t' Prepayments may be made at any times and in any amounts without penalty- All payments
shall be applied first to accrued interest and then to principal.
If any payment is not made in full when due, the entire unpaid principal and accrued interest,
less any unearned interest and any interest in excess of the maximum allowed by law and any re-
• ~ bates required by law, shall at the option of the holder become immediately due and payable with-
•''out notice.: Failure to exercise the option shall not constitute a waiver of the subsequent right to
,exercise it. ~ -
~ - Each of us, whether maker, surety, guarantor or indorser, severally waives presentment, demand
:for payment, protest, notice of protest and notice of dishonor; ccnsents that this note or any part of
= iit may, from time to time, be extended or renewed without notice for any period (whether or not
~^~longer than the original period of this note); agrees that the exchange, release, surrender or sale of
w J;all or any real or personal property or collateral that may be given to secure the repayment of this note
shall not release or discharge any party obligated on this note; agrees that the release of any party
',:lliable upon or in respect of this note shall not release any other such party; and agrees to pay, in
i the event of a default, all costs and expenses incurred in the collection of this note including attomeys'
?.l-fees equal tti 10 per cent of the principal sum or such larger amount as may be reasonable and just
~ ~}and also those costs, expenses and attorneys' fees incurred in, appellate proceedings.
(`1 1
~ ;ADDRESS:. - _ - - - - - - _ _ _ SEAL
oy- An - en -indivi- - ( )
~ ~ - (SEAL)
• -