HomeMy WebLinkAbout1407 ~o ~iaue 2Uld to Mold Ilre same, together wilh the tenements, hereditaments and oppu?te•
i• nances thereto belonging, and the rents, issues and profits Ihereof• unto the mortgagee, in fee simple.
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j; the ma?tgapor covenants with the mortgapee that the mortgagor is indefeasibly seized of snid
land in fee simple: that tho mortgagor has good right and lawful authority to convey sold Land as afore-
said: that the mortgagor will mafie such further assurances to perfect the fee simple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the tills to said land ~
'j an?i will defend the same against the lawful claims of all persons whomsoever: and that said land is free
~ and clear o/ all encumbrances
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~COU~ded ~tways, that i f said mortgagor shall pay unto said mortgagee the certnin promis-
' sory note hereinafter substantially copied or identified, to-wit:
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$ -28.000.00 Vero Beach, Florida Apri 1 4 ~ ~ 9 79 _ No. -
nor value received, the undersigned jointly and severally promise to pay to the order of
CARL M. MOLFE arfd MARY E. WOLFE. his Mi fe,
at _ &-l3 Cause>Mfal~y Courts 601 Seataf~y Drive. Fort PierceL F1or1.41~33450 _
the sum of __Twenty-Eight Thousand and no/100--------------------'flollars ~
with interest aher date at the rate of E1.Qht 8 _ _ per cent per annum.
Principal and interest shall be payable in the following manner !f
=300.00 shall be due and payable on May 4, 1979, and a like sun t
on the sane day of each-succeeding calendar nonth next thereafter '
until the entire principal sun hereof shalt be paid in full.
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I Prepayments may be made ai 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; consents that this note or any part of
it may, from time to time, be extended or renewed without notice fer any period (whether or not
longer than the original period of this note); agrees that the exchange, release, surrender or sale of
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
- liable upon or in respect of this note shall not release any other such party; and agrees to pay, in
the event of a default, alt costs and expenses incurred in the collection of this note including attorneys'
R fees equal to 10 per cent of the principal sum or such larger amount as may be reasonable and just
y and also those costs, expenses and attorneys' fees incurred in appellate proceedings.
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~ 1752 Binney Drive /s/ Roger W. Baumker
,ADDr~ESS: _ _ _ _ (SEAL)
Ragef M. Baunk-er---
Fort Pierce. Florida 33450 _AA (SEAL),
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