HomeMy WebLinkAbout1373 ~o ~iaue and to fold Ilte same, toyetater with late tene~ ?ttst heredad vny and apptr?le-
nnucrs tIIPrPtq 1?Paon~tin~t, aura the rents, issues and prof ils thereof, unto the morfgageded. ~n jiv simple.
~nd the mortgagor rnvenants with the mortgagee lhat the mortgagor is indefea,ibly seized of sold
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~j fortes to fee simple; that the mortgagor hat good right and lawful authority to convey said land as afore-
' said: that the mortgagor will make such further assurances to perfect the fee simple title to said land to the
mortgagee as may reasonably be required; that the mortgagor hereby fully warrants the tUle to said land
4. artci will defend the same against the lawful claims of all persons whomsoever; and that said land is free
and clear of all encumbrances accruing subsequent to December 31, 1978.
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~rouided always, that if said mortgagor shall pay unto said mortgagee the certain promis-
~i sory note hereinafter substantially copied or identified. to-wit:
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~+ORTGAGE NOTE ,
3 24,900.00 Port St. Lucie Fbrida
1~+3y 23 .1979
FOR VALUE RECEIVED, the undersigned. (jointly and severally, if more than one) promises to pay to
Letha Caldwell Elkins or ordu, it? the manner hereinafter specJted,
the principal sum of twenty-four thousand nine hundred OWI00 DOLLARS
(s 24 , 900.00) with intersst from date at the rate of 9X per cent. per annum on the balance from tint to time remaining unpaid.
The said principal and interest shall be payable in lawful money of the United States o[ America at Rt. BoX 209-C,
Bangor, Michigan 49013 or at such play as may hereafter be designated by written notice from the holder to the maker htreol, on
chc date and in the manner following:
Payable in two hundred and forty (240) equal monthly installments of two
hundred twenty four dollars and four cents ($224.04) including principal
and interest. First payment commencing 30 days from date and monthly
thereafter until said principal and interest due thereon are fully paid.
The maker reserves the right of prepayment at any time without penalty.
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'This note with interest is secwed by a mortgage on real state, of even date herewith, made by the maker bereof in favor of the said
payee, and shall be eorutrued and enforced according to the laws of the State of Florida. The terms of said mortgage arc by this reference
f made apart bereof.
If ddault be made is the payment of any o[ the sums or interest mentioned herein or in said mortgage, or in the performance of
an?• of the a reemenb contained heron or in said mortgage, rhea the entire prinupal sum and sewed interest shall at the option of the
hoiuer hereof Ixrnme at once due and coUecBbk without nodes, time being of the essence: and ssid principal sum and accrued interest
chatl both bear interest from such time untJ paid at the highest rate allowable under the laws of the Sate of Florida. Failure to ueruse
this option shall not constitute s 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 pmtest and notiu o is•
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honor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought or not, if, after tnaturtty of this note or default
i hueunder, or under said mortgage, counsel shall be empbyed to collect this note or to protect the security o[ said mortgage.
s N`henever used hueia the terms "bolder", "maker" and "payee" shall be construed is the singular or plural as the context may
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require or admit.
/s/ DENNIS E. NICHOLLS (SEAL)
Makers Addrest
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~noK3U9 ~~~137z /s/ D1~CES M NIi-[CHOLLS .......................(SEAL)
1147-B Hernando Ave. FRANCES M. NICHOLLS
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.........Fort Pierce....Fla,_...........~~4~Q......---•--•---•---....... ..........(SEA )
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