HomeMy WebLinkAbout1029 _ ~
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~0 ~ fhe s!~ms, together wtlh fhe tenements. heredifaments and apptute•
nancsa]i~h,~ere~ to belonging, and the rents. toffee and prof
ifi thehoJ, unto fhe mortgagee, in f
n simple.
n1111 the mortgagor covenants wtlh the tno?fgagee that the mortgagor V indefeasibly seised o/ said
land in Jet simple: that fhe mortgagor ha good ?tght and lawful authortty to convey sad land as .aJor+e-
aatd: that fhe mortgagor will ttw)ts such /urther watu+a?tcss to per/rct the ja simple fttle to said fond in the
mortgages as may reasonably be rwrutred: that t11e mortgagor hereby /ally uron~anb eke title fo ,std land
and will. d%nd the same against t/s. lawful cloii?u o/ aU persons whomsoever: and tkat said land is free
pled clear o) all encumbnar?ces . -
It is understood and agreed that upon the sale, conveyance
- 'or transfer of the hereinbefore described property, this
tfiortgage shall be satisfied in full notwithstanding anything
herein or in the promissory note secured by this mortgage
to the contrary.
Mortgagor agrees. that any residence constructed on the
aforedescribed property shall be a minimum 2,000 square foot
in area.
~V ]~sr that i/ said tnorigagor s~~p pay unto said mortgages fhe certain promo-
sory note hereinaJfer substantially copied or tdentijied. fo-wit:
i~
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Mr. ryap. NW., tb. (lriKipd ?q.y.r M.yyy I.y.{~..1.-y~..y! SEMIPIOLE FORM ~l
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Mortga~e Note ~
s?~,.400-~-~-~••---.... erfield Beacy J..... -
. ..........................•---..,•florida.........Au ust.-3 79
..................................19....... .
fOR VALUE RECEIVED the undsrsiynei promises to pay to tM order d
. _ _ ............................MORRIS...GATES...and... ANNA...GATES.,....hs...wife.... ~ •
ti,o pri ipal ~ TWent Thousand and no/100-------------------------
:v"'
..................................Dollars
together with interest thereon at the rat. d..eight.......p« cent per amwn Gom.....ddte -
untd motor' both
Ity, principal and interest being psyabl. in larvhll Money d tree United States, such principal sum arrJ interest wyabte in installments as Idlows:
One Hundred Ninety-One and 14/100 ($191.14) Dollars on the fifteenth day
of each month comn?encing August 15, 1979, and continuing on the fifteenth
day of each and .every month thereafter. This is a balloon mortgage and the
principal balance remaining together with accrued interest, if any, shall
be due and payable ten (10) years from date.
This note is prepayable at any time without premium or penalty.
Suet inslsllnwst payments shall be applwd (rrst to the interest acuuinp under tM leans d this note and then to s reduction d the prindpal indeblednsss.
TM makers and endo?ser: d this note hlrtller spree to waive denwd, notice d nonpayment and prdest, and in the evert wd shall be brouptll for 1M
collection hared, a the same flea to be collected upon demand d an attorney, to pay reasonable aftorne~'s tees for making such cdledion. All payments bere•
under shell bear irserest a7 tM rate oCtell.._.perceM per annum 6om maturity until paid. This note is severed by a nlortyape d even date herewith and is to
be construed and erdwgd according fo ?he laws d the State d Florida; upon default in fhe payment d principal ,red/or interest when dw, the whob sum d
prinppa) end interest remaining unpaid shall, at the option d the holders, become irnrnedistety dw and payable. Faihr~ to exercise this option shall not constitute
a waiver d the right to exercise tM same in the event d wbsequult detach.
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p,y,~eit...2315 -Tamarind Drive T `rh _
IsEAu
Ft. Pierce, Florida 33450 O S E. HUSSEY
. .............................................._....:....._...........................................................(SEAL)
JO MARIE LIND UIST
I~ Q
or such other
desgnued by the holder d this . ~ .....iSEAI)
note in writing. ~~i~ (-r.~~~~`~~s~l~ie, .s.. .....ISEAI)
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~31.~ r~1026
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