HomeMy WebLinkAbout2144 1~RVt W ~W~ fha same, together with Ih• tenements, hersditamenta and appurte-
nances thereto belonging, and the rents. issues and profib thereof, unto the mortgagee, in fw aimple.
~d the mortgagor covenants with the mortgagee that the mortgagor Is indefeasibly seized o/ said
land to fee simple; that the mortgagor has good right and lawful authority to convey acid land as afore-
said: that the mortgagor will malts such further assurances fo per/ect the fee simple title fo said land in the
morfgngea as may reasonably 6e required: that the mortgagor hereby fully warrants the title to said land
and will defend the snore against the lawful claims o/ all persons whomsoever: and that said Land is free
and clear o/ all encumbrances
...JJ
~VIU~LL ~r~s, that i/ said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
FOR VALUE RECEIVED, tr.~ undersigned, promises to pay to HAP.OLD
T. HUbFsARD, whose post office address is Route 1, Box 751, Fort
Pierce, Florida 33456, cr order, in the manner hereina^ter
specified, .the rincipal sum of CNE ~ HUNDRED SE'VENT'Y THOL'SAhrD AND
CO/100 DOLLARS ($170,000.00) •with interest from date at the-`rate of
i nine (9;~) per cent per annum on the balance from time to time
i~ecaain~ng unpaid. The said principal- and ir.~e'rest shall be payable
' n law°ul ;ncney ~ ° the Jnited States ~ f. America a t /2sutt 7,,r/
~oz~pucu,~..,L~~ar ~3•y50• olz. at~ such place as may heres^ter
be designate by written notice '_'rorr. the holder to ~he maker herec?",
on the date and in the :Wanner `'r,llowing: In ten (10) equal annual
paymsnt~ plug interest at all times computed upon.the unpaid principa
balance. Tha ctligor, in any event, stall Yacs the privilege to
prepay the remaining sum due together witfi interest at any time on
or after Five (5) years !'ro*? t}-~e .date hereo^ witho~~t penatt;~.
This note with interest is secured,by a mortgage ^n real estate,
of even date herewith, madE by the r^aksr !~ereo^ in ''avor of the ~a;d
payee, and shall be construed and enforced according to the laws o°
t?~e State of ^lorida.
If default to ma 3e in the payment o~ ^nst o" the sums or ante^est
~ mentj.oned herein or in said mn~•tgage, or i.n the per~'ormance o" any o`.'
tna agreetaent:. contained re re to o*~ in sa i.d mortgage . *t en the en*. ire
principal sG:n and accrued jnterest :tall at the of*inr_ of t'-a holder
tAreof becomA at once ct~~e and ~c'_lectible wit~:o•at notice, tins bein~
o° the essence; and said Frin~ipal sum an3 accrued irteres* stall y
both te2r interest °ror~ suct; tine until paid at tre !-ighest rate
allokable under the laws off' ire State o° Florida. "'allure to exer~is
*his option stall not constitute a waiter of the right to exercise th
p same in the event of anf subsequent default,
Each person lia~le hereon whether rlaker or endorser, hereby waiv s
presentment, protest, notice, neti~e o: protest and naticP o.° dishono
~ and aore~s to p3S? ~ 11 costs, Cncludiro a reasonab~t= a~tcrney~s fee.
whether suit 5e brcught: or not; if, a~'ter maturity o`_' this note or
t default hereunder, c.^ ~~ndei• :,aid mortg3gn. ^ounsPl st-:all bP employed
to collect this note or ro_ protect. tl~e sec~trtt~• o: sa j d mortgags.
Whenever used rereih the terms "he'_der" . -'maker" anc' "payee"
f shall be constr~aE3 {-n the syn~,ular cr F~lur-~1 as `.`.e context may
roquiro or admit.
3~~• ~U9 ~,r,:.2~.4i
Y
t
i