HomeMy WebLinkAbout1598 ~0 ~ W the same, together with the tenements. heredifomertfs and apptlrfe•
~Ila?IfPJ Iherelo belonging, and IhP rent, Issues and profits thereof, unto the mortgagee, in fee simple.
the mortgagor covenants urifh the mortgages Iha! the mortgagor is indefeasibly seized of said
Ianrl in f
eP simple: Ihat the mortgagor has good right and taint ul nuthority to convey said land as of
ore-
said; shat the mortgagor will made such further assurances to perfect the fee simple title to said land in the
mortgagee as may reasonably bs required: that the mortgagor hereby fully warrants the tills to said land
and will defend the same against the law(ul..cfavns of all persons whomsoever: and that said land is free
and clear of all encumbrances '
~COUidet! always, that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter subsfanlially copied or identified, to-u~il: ,
S - 11,200• Stuart, Florida, ~ D ~ ~RC ' ` 19 79
For value received, I, we, or either of us jointly and severally promise to pay in lawful money of the United States of
America to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal
sum of - --EIEYEN THOUSAND TWO HUNDRED AND ND/100-N N~~~~NNNN~~~~NN molars
together with interest from date at the rate of10- _ per exntum per annum on the unpaid balanot unH) paid, said principal and interest ro be payable as
follows- In months instaument of .-On!_Hundr~ed Fo1'tJr-Eight and OZ/100~--- ~__--148.02------_.~ Ir?dudir?g interest, on th.
- day of each month beginning on the 2- day of 19~
d a
and continuing on the ~ day of esch and every month thereafter until the day of --._---_-_----------Aprll---
f
pp~~
19 W.-. , on which said date the entire balance of principal and interest then unpaid shall became due end payable. Each payment is ro be applied
first ro interest and the balance ro principal.
~ In case said installment, or arty of them, are not paid within 15 days after the same become due, the whole of said principal end interest sum
shall iorthwirh beepnte due and payable at the opt'wn of the holder of this note.
4 We, the makers, swetrcs, frdorsers and gwrantors of this noM, hereby severally waive presentment for payment, notice of non•paymtnt, protest and
1 notice of protest, end diligence of bringing suit against any party there% and consent that time of payment may be extended without, notice theroof ro
s any of the swedes of this note.
Haw, should & be necessary ro collect this note throegh an attorney, each of us, whether maker, swety or endorser on this note, hereby sgree ro pey
all cost of said colkdion, including a rcasonsble attorne~/s fee.
Said bank is hereby expreuly Quthp?ized to retain arty general or special deposit, collateral, real or personal security, or the proceeds thereof, bekxtg~ r
ing ro either of us, now a hereafter in the possession of it durirp the Yxne tar's note remaira unpaid, and before or after matwity hereof may apply tl+e
same ro this a any other debt a liabilities of either of ua ro said deli a ro become due. Given under the hand and seal of each party.
- / ~ /s/ John C. Davidsoh Seal
P. O. i )
John C. Davidson ~
/s/ Carol J. Davidson
r No Due (Seal)
Carol J. Davidson
Form tog
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