HomeMy WebLinkAbout2137 ~~AY` fIINL 1~0~~ the same, fogelher wifl~ the fenemenls, hereditoments and appurfe-
rrarrces thereto belonging, and fho reels, issues and profits thereof, unto the mortgagee, in fee simple.
the mortgagor covenants with the mortgagee that the mortgngor is indefeasibly seized o/ said
land in fee simple: that the mortgagor has good right and lawful authority to convey said land as afore-
said; that the mortgagor will mn4e such further assurances to per/ecf the /ee simple title to said land in the
mortgagee as may reasonably 6e required; that the mortgagor hereby fully warrants the title to said land
and will defend the same against the lawful claims o/ all persona whomsoever; and that said land is ine
and clear o/ all encumbrances
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~rouided always, that if said -mortgagor shall pay unto said mortgagee the certain pr+omis-
aory nofa hereinafter substantially rnpied or Identified, to-wit:
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MORTGAGE NOTE
= 37,000.00 .Fort Pierce ,Florida
.
ate: March 19 L 1979
For value received, the undersigned, jointly and severally, promise to pay to the order of
PORT ST. LUCIE BANK~Port St. Lucie, Florida
the principal sum of Thl rty Seven Thou sand and no/100- - - _ - - - - - - _ Dollars
(s _~7~~~yAQ_ with interest thereon from date, payable monthly, at the rate of N lee per cent ( 9Z (
per annum; the interest and principal of this note payable in instalments as follows:
Beginning on the first day of May _ , 1979__ ,the sum of Three Thousand~__ ~
__aII~-IIO.f LQQ-_------------------------ _ Dollars
(S 3 s 000.00 _ and the same amount on the same day of each month thereafter, and the balance of principal
payable on the first day of 19~~ .The aforesaid monthly payments are to be applied first to interest
-MAX------
at the rate aforesaid due monthly upon the principal sum or so much thereof as shall from time to time remain unpaid, and
f the balance of each monthly paymen! shall be applied on account of principal.
All instalments of interest and principal are payable at the office of the payee in_ppYt__$t. - LllCl.e____- . ~
Florida, or at such other place as the holder hereof may designate in writing, in lawful money of the United States of America. If +
t any of said instalments of interest and principal shall not be paid when due, then the entire principal sum and accrued interest
shall become due and payable at once, at the option of the legal holder of this note. Failure to exercise this option shall not
constitute a waiver of the right to exercise the same in the event of any subsequent default.
,
t It is further agreed that each maker and endorser, jointly and severally, shall pay. all costs of collection, including a
reasonable attorney's tee, on failure to pay the principal of this note or any interest thereon at maturity. This note and all
sums due hereunder shall bear interest at the rate of ten (10) per cent per annum from due date until paid. The total interest ~
( payable hereunder shall not in any one year exceed the highest lawful rate of interest in Florida.
_ The makers and endorsers hereof hereby severally waive presentment for payment, protest and notice of protest and
nonpayment of this note, and expressly agree jointly and severally to remain and continue bound for the payment of the
principal and interest provided for by the terms of this note, notwithstanding any extension or extensions of the time of, or z
for the payment of said principal or interest, or any change or changes in the amount or amounts agreed to be paid under or
by virtue of the obligation to pay provided for in this note, or any change or changes by way of release or surrender or substi.
tution of any real estate and collateral, or either, held as security for this note, and waive all and every kind of notice of such
extension or extensions, change or changes, and agree that the same may be made without the joinder of the undersigned. ~
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- Thomas C. McCarty 'J
- - (SEAL)
g~~r3U5 -~~.~2133
- - - _ _ - - - (SEAL)
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