HomeMy WebLinkAbout1508 ,~i ' :1i tqj ~
~ ~ the same. together with the tertenarsts. herdilamertts and apptsrte- .
nonce: tlt.reto belongln~, and the rents, issues and prolils fhereo/. auto the ttrtorlgagee. in (a atmpb.
fhe mortgagor covenants with the mortgagee Ihat flee awrtgogor u inde(~asi6hr seitzed o/ said
land in /eo sttnple: that the m+orfgagor hat gtwd righf and lawful authorffy to conwp said land as of
er~e-
said: that th. mortgagor will mahst such /trth.r assurances to per/ect flee (M sintp4 Ntb to said lord to flea
mgrtgagee a: may reasonably 6~...qutnd: these ehe ntortgtpor herby /ally warrsnU flea title to said larwl
' oral will defend the same agdnsf the lawful claims of all pe?soru wltomswver; and that sold land is f
rw
and dear of oll encumbrausoei
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• ~ ~3, that t/ said mortgagor ahaU pay unto said mortgagee th. certain promts-
sorp Hots hetnina1ter substantially copied or identified. to-wit:
LTIC~ 131 ~ •
• MONTGAG[ NOT[ ,
s 78,100.00 Vero Bea h , Fbrida
April ~ •1979
FOR VALUE RECEIVED. the undersigned. (jointly and severally, if more than one) promises to par w
AMERICAN BELTEX, INC., a New York corporation
r or order, in the manner hereinafter speci5ed,
the principal ~ SEVENTY-EIGHT THOUSAND ONE HUNDRED AND NO/100-----------------------~1~ DOLLARs
(i78 s 100 - ~ )with interest from date at the rate of n 1 neper cent. per annum on the balance Iron time to time remaining unpaid.
"the said priacipa) and interest shall be parab]e in lawful money of the United States of America at
or at such place as may hereafter be designated by written notice from the holder to the maker hereof, oa
the date and in the manner following:
Interest only shall be due and payable six months from date hereof.
The sum of X78,100.00, plus remaining interest accrued thereon, shall be
due and payable one. year from date hereof,
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This note with interest is secured by a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the said
1•a.re, and shall bt construed and enforced according to the laws of the State of Florida. The terms of said mortgage are by this reference
;r.ade a part hereof.
If default be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the performance of
3~,y' of the agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of the
},-•Idcr hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest
s}.all both bear interest from such time until paid at the highest rate allov.•able under the laws of the State of Florida. Failure to exercise
i this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice of dis-
}~onor and agrees to pay all costs, including a reasonable attorneys fee, whether suit be brought or not, if, after maturity of this note or default
}:creunder, or under" said tTartgage, counsel shall be employed to collect this note or to protect the security of said mortgage.
H'henever used herein the terms "holder", "maker" and "payee" shall be construed in the singular or plural as the context may
require or admit.
hlatei s Addreu _ _ {SEAL)
Hurley Rountree
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- _ _ _ - _ (SEAL) t
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