HomeMy WebLinkAbout0184 L; t. ~ . _ .
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~o ~ue ~nd to ~totd I~re anme, logefhnr with fhe fenemenfs. he~edilumenls and appurfe-
nance~ ftiereto ~ie~ongin~, an~ !he rents. Issues un~ profifs t{~ereo~, unlo the morlgagee. tn lte ,dmp~e.
nI~Y fhe mortgago~ covenanfs wilh the morfgagae Ihaf fhe mortgagor ta Inc~e(eattb~y seized o~ aatc~
~mi~ in fee simp~e: Itiat 1{~e mortga~/or hat good rigtit and ~awju~ aut~ortly to convep :a~d Io.~d m a~ore-
said: thaf the mortgagor will make such ~u?ther assumncea to per(pct the Jee aimple tills to said Iand in t1~e
morl~a~ee as may reasona6ly 6e required; Ihat the mo?tgugo~ I~ere6y ~ul1y warrania the tille fo :atd land
a~id will dejend ihe :nme against the lawju! clntma o/ aI1 penona wl~omsoeuer: and t1~at said land ii jnx
and clear o/ all encum6mncas exeept that eertain mortgage, dated July 12,
1974, from WILLIAM PRENDERGAST to O.G. McWHORTER, TRUSTEE, in
the original amount of $9,183.18, recorded in O.R. Book 231, Page
2774, St. Lucie County, Florida, public records.
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j ~~1V~~ ~1~1Ays~ Ihat iJ soid morlgogor shnl~ pay unto,snid nwrtgagee tlu csrlnin pr~ow~b-
~ sory note tiereinaffer su6stnnlinlly copie~ or ic~enti(iec~, lo-wit:
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$ 23,000.00 PROMISSORY NOTE Stuart , Florida ~
July O~ , 19 79 '
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FOR V_~i~E RECEIVED, the undersigned, jointly and severally,
PRCMISE TO PAY to the order of William I;. Prender ast
the si:.-~ of Twent Three Thousand and 0
DOLE.l~~S 23,000.00 , at 429 S.E. T ir Terrace, ania "
Florida 33004 , or such ot er p ace as t e o er ereo may
esignate in writing, together with interest from date at the rate
• of ten percent ( 10.0 per annum on the unpaid balance
unti maturity. The sai-~'d
p
ncipal and interest shall be due and
i payable as follows:
j In morithly installments of THF2~ HUNDRID E~ORT'~C NIt~ and Ol/100 DOLT~TtS ($349.01)
I including principal and interest, ori the 2nd day of each morith beginning ai the
~ 2nd day of August, I979, and vontinuing on the 2nd day of each and every mo~?th
; thereafter until the 2nd day of Jtil.y, 1987, o~ which dat,e the entire balanoe of
¢ principal and interest then ~paid shall beoane due ar~d p~yable. -
~ TFIIS NCYiE IS SDQJ~ BY A MOR'PGAGE ON RF.AL P1~JP~:R'KI'Y IN ST. I,LTCIE 00[A~Tl'Y, FIARILIA.
Da,~nentary Sta~s in the siun of $34..50 hav~e been affixed tio the mort~gage and
~ canoelled.
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Prepayments, in full or in part, may be made at any time, without
penalty. If default be made for _1~ days in the payment of
any installment of principal or interest or any part thereof, the
whole sura then rer~aining unpaid, with interest, shall, at holder's
option, become due and payable without notice. Failure to
~ exercise such option shall not constit~te a waiver of the right to
~ exercise the same in the event of subsequent default_. After -
~ ~ maturity, both principal and accrued interest shall bear interest
= at t~ percent ( 10.0 per annum until paid. The
~ makers and endorsers of is note further waive demand, notice of
~ non-payment and protest. If this note is not paid at maturity and
~ the sa.~e is placed with an attorney for collection, the makers and
~ endor~~rs hereof agree to pay all costs of collection, which shall
~ incluce costs, expenses and attorneys' fees on appeal.
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~ PHII,IP E. DUNN
O D ~J (SEAL)
' RC~ S • LAPINSI~
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~ 3^R!( ~AG~ 18~ ( SEAL ) ~
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