HomeMy WebLinkAbout0778 ~ ~ i~
~ w' ,
~
~0 Altd t0 ~IOI~ eha soma. together oath the tane,nnt:, hereditaniana ti?id 'aPPtuta- -
nancet theroto bebngtng, and the nne,. tasuas and pro/tta ehan% unto eh. mortgagee. to ,imPle.
the mortgagor covenants wteh the moregageo that the mortgagor ~ tnd./east6'll~ ..tud o/ ,atd
land in /N sifliPle: that the mortgagor has good right and law/ill authorety t0 convey sold land as a/ore-
said: that die mortgagor will nwha such /wiper assurances to par/act the /ae :tingle Htle to said land in the
moregagee as mar reasonably 6e requtnd: that eh. aitoregagor ha?e6r lolly u,a,rants the ettle to said land
and will da/and the san~t aQairut tht law/ul clatena o/ nU pano.u u~honuoover: and that ~aJd land to /?a~
and clear o/ alI ancum6ronces BXC23pT taxes subsequent to December 31, 1978, _
a) Mortgagee agrees to join in and. consent to any Declaration of Condominium in
regard to subject property.
b) Until such tame as the mortgage balance is paid in full, Mortgagee shall be
entitled to access over a portion of the subject property unencumbered by the
mortgage, to any portions.wbdch~xemain ~ncvmo~red, the location of said access
shall be ghat portion marked "red o03d~'~ afr'uE#~ attached 8xhibit "A".
c) Mortgagor shall be ~gr~j,~~,~elt~tal3~' ~~laisposal plant, well lines
and all other mechanisms lrMll~Wbiter service to the
rt ~ jj
p dje Tyne westerly 120 fe~~e
ea terly ~ feet0of subject property shall be
released from the lien and encumbrance of the mortgage upon payment of the princi
sum of $!0,000. The westerly boundary line of the parcel to be released shall be
parallel to the westerly boundary line of .the, parcel originally not encumbered by -
the 11o ag ~ . _ _
that ii said mortgagor shall Par unto said moirtgagN the awttw t~-
_~r,,~~~Sii..atnafes substantially ~Ptd or identi/id, to-wie: _
- ~
$ 37,500.00 PROMISSORY NOTE Stuart , Florida
August 14, 19 79 ~
.
FOR VALUE RECEIVED, the undersigned, jointly and severally,
PROMISE TO PAY to the order of RAYMOND G. HEMPHILL AND PEARL
HEMPHILL
the sum of THIRTY SEVEN THOUSAND -FIVE HLiNnRFn AHD_Ntl,/_100------------
DOLLARS ( $ 37 , 500.00 ) , a t 113 Crofton Drive. Pitt$burgh, PA 15238
or such other place as the holder ereof may
designate in writing, together with interest from date at the rate
of ten 10 percent ( 1~ 0 T$) per annum on the unpaid balance
unti maturity. The said
principal and interest shall be due and
payable as follows:
~ One a ent of rinci al shall be due and
' P Ym P P payable eighteen (18) months
from date of closing.
Accrued interest shall be payable semi-annually every six months
commencing six (6) months from date of closing and every six (6) months
thereafter until principal and accrued interest shall be fully paid.
THIS NOTE IS SECURED BY A MORTGAGE ON REAL PROPERTY IN ST. LUCIE COUNTY,
FLORIDA.
Prepayments, in full or in part, ma be made at any time, without
penalty. If default be made for ~5 days in the payment of
any installment of principal or interest 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 _
E exercise such option shall not constitute 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 ten .percent ( 10 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, which shall
include costs, expenses and attorneys' fees on appeal.
as
K315 P~cE SUNBLEST DEVELOPMENT, INC:cSEAL)
E
L
O ~ ~ BY ( SEAL] -
r. hnmac F_ Smith _ Area