HomeMy WebLinkAbout0490 . ~ .
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. ~o ~iaue and to ~iold I~i~ sanu~. fu~1~~f~u~r u~il~~ l~~~• fertemertls. ~u~?etLfu?rlrnls anc~ ~~pNurlr
rau~rrs I~u~mto ~~rlun~~inq. t~~e rc~?~1~. issues an~~ nro~ifs I~irn•u~. unlo f~~e mo~fyagrn. in ~PP simp~c>.
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nd a~orfr a or cooenanls wilh f~~e rnorf a ee Ihal fhe morl a r is ~Ade ~~asib~ SPl2P~ o( snic~
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, la?~d in J~~e simplN; thnf tl~P morlpaflor has good rtpF~t and lawjul authority to coni~ey aaid land as a(ore- `
sai~~: f~~af f~iP neurl,rya~~ur u~i~~ ma~e suc~ ~urf~ier assurance~s to per~PC! f{~e jee simp~e tif~e fo saic~ fanc~ in Ihe ;
murf~~a~~ee os may reasonaF~ly be reyuirnd: that thp mortgagor here6y ~ul~y wa?rants Ihe litle to said land
nn~i u~ill d~(~~n~l ~he s~me aflainsf the lau~~ul rlaims o/ all pe?sons whomsoever; and Ihat said land is jreb j
an~~ c~~•nr o~ n~~ en(•um~~ranCes except those taxes accruing subsequent CO i -
' December 31, 1978. (
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~rowded ~tways~ f{~uf i~ snic~ morlgagor shall pay unfo said morfgagee the certuin promis- i
i~ sory nofe herpinaJler su{islanlia~~y copiP~ or ic~enliJie~, fo-u~it: I
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MORTGAGE NOTE
E 63,~00.00 Port St. Lucie , Fbrida
May 1, 1979 ~ 19 "
FOR VALUE RECEIVED, the uadenigned, (jointly and x~•erally~ i[ more than one) promises to pay ~o ~
JAMES TERRY AND CLARA D. TERRY, his wife
~ or order, in the mann~r hereinatter ~ed.
~he prinripal ~um ot -----SIXTY-THREF THOUSAND DOLI~ARi AND NO/100--------- ~100 DOLLARS
r. s 6 3, 0 0 0. 0~ witL intereit (wm date at d~e nee ot 9$ pe~ cent. per annum on the balance Irom tim: to timc remaiaing unpaid.
The uid principsl and intezest shall be payable ia lawiul money of the Unit~d Statef of America at 2000 S. OCean Blvd, Whitehall 17
:~oca RatOII, FL 33432 or at such ptace as may hereafter be designat~d by Mvitten notice (rom ihe holder to the mater hereo[, on
:he date and in the man4tr following: ~
' pAY11.~3LE A.S FOLIr(~7S : In se?*ii-annual installments of interest only -
; ~aith the first ser.ii-annual ins _a1L~nent due on November 1 , 1979,
' and continuing on a sei~i-annual basis thereaf.ter until May 1 .
; 1984, on w*~ic:~ said clate the entire unpaid 'principal balance and
~ any accrued interest b-~:.oi~.~es due and payable. The privilege of
~ makin~ ~ayr_ter_ts in -advance of the due dates without p~nalty is
~ retained by t`~e »ai:ers.
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~ This note with incerest u secured by a mortgage on real estate, o[ even datc her~with~ made by the maker hereof in favor o( tk~e ~aid
~ payee, snd ~hall be rnnswed and enforccd accordina w the la~+n oi the Sute o( Fbrida. The terms of said mortgage ue by this re(enrtce
~ made a put bcreof.
= It default be made in the payment ot any of the sums or intemt mentioned herein or ia iaid raortgage~ or in the pertormana o(
- an.• of the agreemenu ooetained hereia or in uid mortaage~ then the entin principal sum and accrued interat ahall at the option of the
~ holder hercot become at once due and colkctibk w-ithout notia, time being of the es~ence; and uid principal tum and accrued intercst
" ihaU both beu interest from ~uch time unW paid at the 6ighest nu albwabk under the laws of the State of Fbrida. Failure to exercise
ehi~ option shall not constitute a waivv of tbe rig6t w acerciu tbe rame ia the eveot o( sny sub~equent defaul~
4 Eac6 person liable bueon whether malca or endoner, hueby Mraiva preseatment, protat~ notice~ noace o[ protat and aotice of di~-
honor and agrees to pay all oosts, indudin6 a nasonabk atwrney'~ fee, whether :uit be broug6t or aot, it, altu maturity of thi: note or detault
- henu-da, or undv uid mortgage, oounul ~hall be employed w oollect thu note or to proeect the ~ecuriey of uid mortgaEe. ,
~ N'benever used herein tbe term~ "boldv", "maker° and "payee" s6aU be conatrved in tbe siagular or plural ai the context mar
require or sdmit.
~ ' Maku'~ Addrea LIBA• HOLDING C04[PAi7Y I"1C.
( SEAL )
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