HomeMy WebLinkAbout2920 . ! ' l~
~o ~iaue and to Mold jhe same. together with the tenements. .hereditament: and appurte-
nances Ihernto helortgirtg, and the rnn1s, issues and profits thereof, unto the mortgage, in fee simple.
i' ]~N,
1<i~ fhe mortgagor covenants with the mortgagee that the mortgagor is indefmst6ly seized of said
land in fee simple; that fhe mortgagor hw good right and lawful authority to rnnvey raid land as aforo-
said: that fhe mortgagor twill mbke'such further assurances to perfect the fee simple title to said land to the
aruitfiA ll defend th same algainstrtlteilawf ul claims of all gpersons wh~umsoevs
~ antd that tsaidtlnnd is /ree ~
and clear of all encumbrance: EXCEPT taxes subsequent to December 31 , 1978 .
-
I -
~ ~
~COUided always, that if said mortgagor shall pny unto sold rtsot•1gltpee fhe certain promts-
sory note hereinafter substantially copied or identified, to-wit:
rtoRTOAOt NOTt; RAMCO FORM iti~
Ft. Pierce
= 7,6$0.00 .19r;da79
FOR VALUE RECEIVED, the undersigned, (jointly and severally, i[ more than one) promises to"pay to ~
HOLIDAY PINES, A Florida General Partnershi
Br order, in the manner hereinafter specified, ~
t}:e principal sum o[ SEVEN THOUSAND SIX HUNDRED FIFTY AND NO/I 100----_-__ ~It><1 DOLLARS
{ ~ 7 , 6 $ 0 . Ox)with interest from date at the rate ~ $ , Q per cent. per annum on the ba arses from time to time remaining unpaid.
The said principal and interest shall be payable in lawful money of the United States of America at 1 $ O O O Highway 5 4 W e S t
e p h r y h i 11 s , F 1 a . 3 3 $ 9 9 or at such place as may hrrraftrr be designated by written notice from the holder to the maker hereof, on
the date and is the mannerlolbwing:
Payable in Ninety-Six (96) equal and consecutive j
monthly installments of ONE HUNDRED TEN DOLLARS
AND 26/100 0110.26) including principal and interest.
First payment beginning sixty days from date hereof
and monthly thereafter until-said principal and
interest due thereon are fully paid.
,
s
- l
i
THIS NOTE MAY BE PREPAID IN PART OR IN WHOLE AT ANY TIME WITHOUT PENALTY.
Borrower shall pay to the note holder a late charge of four percent
(4~) of the monthly installment not received by the note holder
within twenty (20) days after the installment is due.
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 j
payee, and shall be construed and enforced according to the laws of the State of Fbrida.
It default be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the performance a(
+ny ~t the agreement contained herein or in said mortgage, then the entire .principal Sum and accrued interest shall at the option of the
t.~•Id~r hereof become at -once due and colkcubk without notice, time beinngg of the essence; and said principal sum and accrued interest
shall both beu interest from such time until paid at the highest rate albwable under the laws of the State of Fbrida. Failure to exercise
:his 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 o[ dis• ~
.-~onor and agrees to pad aD costs, including a reasonable attorney's fee, whether suit be brought or not, ifr, after maturity of this note or default j
h-reundu, or under sa,d mortgage, counsel chap be employed to eolkct this note or to protect the security of uid mortgage.
Whenever used herein the termlt "holder", "maker" and "payee° shall bt construed in the singular or plural u the context may f
qu~rc or admit.
Makers Address ~ S[....J.~-L.~.AH-...~.~....Q.JaI~AN~.OK ..................................(SEAL) 1
- JULIAN A. OLMANSON
.....................••---..........................(SEAL)
s./.--..ELS.I.E--- - - A S IV.....--.............................--(SEAL)
~L,~.. -
U R
ELSIE B. L A S N
- ........---....-----.............(SEAL)
I
:1 I
.~:~.F.z