HomeMy WebLinkAbout2890 ~o ~ilU1e and tb Mold the same, IogPlher wilh the fenemenls, heredifamenls and appurte- `
rraru-PS IhPrelo hPlorrging, and IiP rents, asstrPS•and pro/its fhPreo/, unto the mortgagee, in fee simple. ,
Lind the mortgagor cor~Pnanfs u~illr the mortgagee Ihal the mortgagor is indP/easibly seized o/ said
land in /PP simlrlP: thnf~f/?1<j'morlgagor has good ?ight and lau~/rrl authority to convey snid land as afore-
said: that IhP mortgagor will make such f urther assurances to per/ect the )ee simple title to said land in the
mortgagee as may reasonably be required; that the mortgagor hereby /idly warrants the title to saki land
and will dPfP?rd the same against the lau~jul claims of all persons u~homsoer~er; and thnt said land is /?ee
and clear o/ all encum6raaces except real estate taxes subsequent to
December 31, 1978, and that Mortgage from Gem Builders Inc.,
a Florida corporation, to First Federal Savings and Loan Associatio
of Fort Pierce, dated December 13, 1978, and recorded in ORB 299
at page 2590, St. Lucie County, Florida, public records, in the
original sum of $33,600.00.
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~rou~ded always, that i f snid mortgagor shall pay unto said mortgagee the certain promis-
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sort' note he?einaf ter substantially copied or identi/ied, to-wit: I ;
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PROMISSORY NOTE 1
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$4.500.00 Stuart , Florida
a
June 1, 1979
FOR VALUE RECEIVED, the undersigned, jointly and severally,
PROMISE TO PAY to the order of E INC. ~ ,i
the- sum Of F(JiIR THOUSANs, FrV$ HU~]DRED_& NO/100------ D LLARS at ~
• , or suc ocner place as
t e o aer hereo may esignate in writing, together with interest '
t from date at the rate of 0$ $ per annum on the _
unpaid balance until maturity. T e sai principal and interest
~ shall be due and payable as follows: -
In monthly installments of FIF'A'X NINE AND 481100 DOLLARS (=$54.48) including
principal and interest, commencing on the is t day of July , 1979, and
continuing on the 1 st day of each and every month thereafter until the
~ 1st day of June, 19 82 , at which time the entire balance of principal
and interest then unpaid shall become due and paya9le. 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 $ 6.75 have been
affixed to the Mortgage and cancelled.
IF DEFAULT be made for - 15_ days in the payment of any
installment of principal or ins
terest or any part thereof, the
whole sum then remaining unpaid with interest shall at holder's
option become due and payable without notice. Failure to exercise
- 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 Cio) $
per annum until paid. The makers and endorsers of this note
further 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
' reasonable attorney fees.
Maker shall have no personal liabilit on
r the Note and Holder shall loo ~ - ~
for soli ~e 'ty for payment
ROBERT F. MCROBERTS, JR.
BOuK ~t,GE~
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