HomeMy WebLinkAbout1854 a'
- -
i~
` _Y, ~
30 ~t ~1~ ~ the dame, together with the tenements, hereditaments and appurte-
nances thereto belonging, and the rents, issues and proftfs thereof, unto the mortgagee, in fee simple.
the mortgagor covenants with •the moNgagee that the mortgagor to indefewi6ly seized of said
land to fee simple: that the mortgagor has good right and lawful authority to convey said land a afore-
said: thot the mortgagor will males stub further assurances to perfect the fee simple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warranb the flits fo said land
and well defend the same against the lawful claims of all persons whomsoever: and that snid land is free
and clear of all encumbrances except taxes subsequent t0 December 31 , 1978.
~u~S, that if said mortgagor shall pay unto said mortgagee the cwtatn psnasis-
sory note hereinafter substantially copied or identified, to-wit:
w70NTGAGE NOT[ RAMGO FORM 6,1
i 10,980.00 Ft. Pierce , Fbrida
~S~ ~ 1979
FOR VALUE RECEIVED, the undersigned, (jointly and severally, it more than one) prom' to ay
W
HOLIDAY PINES, A FlOrlda General Partnership m in the manner hereinafter specified,
the principal sum d TEN THOUSAND NINE HUNDRED EIGHTY AND NO/100--=------ /100 DOLLARS
(i 10 , 9 8 0. 0 D with interest from date at the refs of g , 0 0 per coot. per annum on the balance from time to time remaining unpaid.
1"he said acipal and interest shall be payable in lawful money d the United States d America at 1 S 0 0 0 Highway S 4 W e 5 L
> h r y h i 1 ~s , F 1 a . 3 3 S 9 9 or at such plan u may hereafter be designated by written notice from the holder to the maker hereof, on
i the date and in the manner folbwirg:
Payable in Ninety-Six (96} equal and consecutive
monthly installments of ONE HUNDRED FIFTY FIVE
AND 22/100 DOLLARS (155.22) 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.
THIS NOTE MAY BE PREPAID IN PART OF IN WHOLE AT ANY TIME WITHOUT PENALTY.
Borrwer shall pay to the Note holder a late charge of four percent (4~k)
of the monthly installment not received by the note holder within twenty
(20) days after the installment is due.
h
Thu note with interest is secured by a mortgage on real estate, d even due herewith. made bT the maker hereof in favor d the said
payee, sad shall be corotrved and enforcedd according to the laws d the State d Fbrida.
If ddautt be made in the payment d ady d the sums or interest mentioned herein or in said mortgage, or in the performsnce d
any of the a~reemenu contained huein or in said mortgage, then the entire principal sum and accrued inurest shall at the option d the
holder hcreoE txcome at once due and oolkcttbk without aotice, time beinagg d the essence; and said prinupal sum and accrued interest
shall both bear interest from such time until paid at the highest refs albwabk under the laws d the State d Fbrida. Failure to a:excise
this option slsall not constitute a waiver d the right w esuruse the same is the event d say subsequent default
Each person liable hesroon whether maker or endorser, hereby waives presentment, protest, notice notice d protest and notice d dis-
honor and agrees to pay all costs, includins a reasonable attorney's feeee,, whether suit be brought or not, i{, after maturely d this note or default
hereunder, or undo sasd mortgage, counsel shall be empbyed to colket this note or to protect the security d said mortgage.
Whenever used herein fist teener "hoidd', "makex° and "payee° shall be coaswed is .the singular or plural ss the contest may
rrgr,ire a admit S/ JULIAN A, OLMANSON
Makers Address .........................•-•------.....(SEAL)
JULIAN A. OLMA N
........-•------.............----(SEAL)
s / .E L S I E 8.,._.. --------...(SEAL)
_ ELSIE B. 0 ANS i~
- B~R~ 310 PAf f 852 .......................................(SE/1L) 1