HomeMy WebLinkAbout2839 t ~o ~tue end to ~lotd the same, togellser wIlh the tenements, hereditaments and appurte-
nances thereto belorsging, and the rents, issues and profits thereof, unto the mortgages, in fee simple.
~11d the mortgagor covenants with the mortgagee that the mortgagor is indefeasibly seized of said
land in fee simple: that the mortgagor has good right and lawful nuthority to convey said land as afore- ~
said: that the mortgagor will make such further assurances to perfect the fee simple title to said land in the i
mortgagee as may reasonably 6e required: that the mortgagor hereby fully warrants the title to said land
anti will defend the same against the lawful claims of all persons whomsoever: and that said font! is free '
and clear of all encumbrances excepting taxes accruing subsequent to December 31, 1978.
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~COU~ded ~tways, that if said mortgagor shall pay unto said mortgagee the certain promis- '
if ,
j+ sory Hole hereina(fer substantially copied or identified, to-unit: -
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MORTOAO< NOTt
y
~ S 15,000.00 - Fort Pierce ~ F{a;d,
April • !9 79
FOR VALUE RECEIVED. the uadersigaed. (jointly and severally. it more than one) ptanises to par to
ROBERT A. CAIRNS, as Trustee - . ~ iA ~ ,naorser ~n~wr ~+ed,
else priaeipal sum otFIFTEEN THOUSAND and-------------------------------------------no/l~C DOLLARS
(i 15,000.00) wills interest trots date at the rate of 8.5 pct cent. per annum on the bslaaee trap tame to trine rematwo~ uapasd. +
TheSsua~~rio~i and intertxt sbsU be paysbk ;n lawful mosey of the united Sates of America at 1010 Executiveenter Dr.
Orlando, FL 32803 or at sucl? place as mar herralter be dcaigaated by written notice trap the bolder to the maker hereof, oa
the date and is the manner toUowiaU:
Face Amount of Note and Mortgage payable with interest thereon 1
from date at the rate of eight and one half percent (8.5~) per
annum, in ten (10) equal annual installments of $1,500.00, plus
interest on the outstanding principal balance; the first of
said annual payments be become due and payable one year from
date hereof;
Mortgagors reserve the right of prepayment without penalty, and ~
prepayments will accrue to the principal last remaining;
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3~ acres to be released at closing; releases will begin at the -
North boundary of the property and run the entire East-West dis-
tance thereof. Mortgagor to provide survey for property released f
from this mortgage along with the Mortgage Release documentation;
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Easements will be provided for ingress and egress from Juanita Ave.
~ and Mortgagors will provide the Mortgagee easements to the canal for
dFaina~e an~ other utiliti~s until such time as the mortgage is satisfied;
~ This noee with snterat recur by a mortgage on tea eststt. even daft bcrcwith, made by tbt nsaker hereof in favor of tl?e said
l payee, and shall be construed sad erstorced sccordins to tbs laws o: the State of Fbrida. The terms of sstd mortgare are by this rt:terence
made a part bueot. -
a -
- It default be made iri the payment of any of the sums a' iatesut mentioned herein or in said mortgage, or in the petformanco of
any of the a~reeaaeau contained heresy or in said rnortYage. then the entire principal sum sal atxrurd interest shall at the optics of the
ho:der bend( become at sate due sad colkctibk without notice, tune being at the essence; sad said priatipal win sad accrued interns
,hall both bear interest trap such brae until paid at the bi~bat rate allo+rabie under the bws of the State o[ t'brida. Failure w exercise 's.
ehis option shall sot constitute a waiver of the right to sxuuse the same is the event at say subsoqueat dt:tauQ
honor and s lsabk hereon whether maker Or endorxr, hereby waives pnseatmeat, protest, aotia antics of protest and rsotiu of dis~-
hereutsder g
~r ~ 11 cosu, includinY a rcawnaLk attorrseys tee, whether suit be brouKht or not, if. suer matur.tr o[ this rwte or ddsuk
4 mortgage, twtsnsel shall be ea?pbred to collect this cots a a protect the security of said mostsade.
Whenever uscd herein the tetws "bolder", "makes'' sad "payee" shall be coastrwti ' the singular al the eoate:t may ~
require or admit.
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