HomeMy WebLinkAbout2884 ~0 ~Ul ~ ~0 nV~~ the same, tuyelher with the tenements.- heredrtuMenti and appu?fp
nanres Ihen~lo helon~linp, anti the rec4b, issues and profits thereof, unto the mortgapee, In fee simple. j
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the morfpapor coc~ennnts with the mortgapee Ihaf the mortgagor is indefeasibly seized of said
j lapel in f
ee simple: that the mortgagor has good right and law/ul nuthoritr to convey said land as of
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said: that the morfpapor u;{Iltmake such further assurancra to perfect the fee simple title to sold land to the
mortgagee as may reasonably be required; that the mortgagor hereby fully warrants the fills to sold land
anti will defend the same against the lawful claims of all penoru whomsoever: and that avid land is /?es
accd clc•nr of all encumbrances except that Mortgage dated 12-11-78, recorded
in ORB 302, page 1990, St. Lucie County, Florida, public records,
from Raul Coto and Marta Coto, his wife, to First Federal Savings f
& Loan Association of Fort Pierce, in the original sum of
$39,200.00, and except taxes accruing subsequent to December 31,
1978.
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i ~~u~ded ~IUIIIJS, that if said mortgagor shall pay unto said mortgagee the certain promts-
sory rate hereinafter substantially copied or identified, to-wit:
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PROMISSORY NOTE
$ 3,240.00 Stuart , Florida
.
- June 1, 1979
- FOR VALUE RECEIVED, the undersigned, jointly and severally,
PROMISE TO PAY to the order of RAUI, COTO and MARIA COTO his wife
the sum of THREE THOUSAND Tt90 HUNDRED FORTY & NO/100-- D R at
5934 NW 39t~~; Miami, Flor~i-da , or suc
o
Fier place as
t e o er hereo may esignate in writing, together with interest
_ from date at the rate of ten (10$) $ per annum on the
unpaid balance until maturity. T e sai principal and interest
shall be due and payable as follows: - ~
E
~ In monthly installments of FORTY TWO AND 83/100 DOLLARS ($42.83) including
principal and interest, commencing on the 1st day~of July , 1979., and i
continuing on the 1st day of each and every month thereafter until the
1st day of June, 19 84, at which time the entire-balance of principal
and interest then unpaid shall become due and payable. Each payment is to -
be applied first to interest and the balance to principal.
PREPAYMENT IN FULL OR IN PART MAY BE MADE AT ANY TIME WITHOUT PENALTY.
THIS NOTE IS SECURED BY A MORTGAGE ON REAL PROPERTY IN
ST,,, LUCIE COUNTY, FLORIDA.
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Documentary Stamps in the sum of $ 4.95 have been
affixed to the Mortgage and cancelled.
IF DEFAULT be made for -15_ days in the payment of any
~ installment of principal or in'
serest or any part thereof,-the
s whole sum then remaining unpaid with interest shall at holder's
option become due and payable without notice. Failure to exercise I
such. option shall not constitute a waiver of right to exercise the
same in the event of subsequent default. After maturity both
principal and accrued interest shall bear interest at ten (io) $ -
per annum until paid. The makers and endorsers of this no e
furthAr waive demand, notice of non-payment and protest. If this
note is not paid at maturity and the same is placed with an
attorney for collection, the makers and endorsers hereof agree to
pay all costs of collection, including all court costs and
reasonable attorney fees. i
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s°o~x ~y ~act:288
ROBERT F. McROBERTS, JR.
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