HomeMy WebLinkAbout0280 30 ~taue and to fold the same, to{jefher with the tenements, hereditamenta and appwte-
nances thereto belonging, and the rents, issues and profits thereof, unto the mortgagee, in fee simple.
the mortgagor covenants with the mortgagee that the mortgngor is Indefeasibly seized of said
land in fee simple: that the mortgngor has good right and lawful authority to convey :aid land as afore-
said; that the mortgagor will moka such fwther assurances to perfect the fee simple title to said land In the
I mortgagee as may reasonably be required: that th> mortgagor hereby fully warrants the title to :aid land
and will defend the same against the law/ul claims of all persons whomsoever: and that said land is free
i and clear o/ all encumbrances
PROVIDED ALi~TAYS THAT IF SAID I~iORTGAGOR WILL PAY TO MORTGAGEE
THE CERTAIN PROMISSORY NOTE HEREINAFTER SUBSTANTIALLY COPIED:
PROMISSORY NOTE
$57,500.00 ,Florida
October 5, ly~1y
FOR VALUE RECEIVED, the underisgned promises to pay to the
order of PHILIP L.B. IGLEIiART and ROSALIND B. IGLEHART, his wife,
at 9100 Lake Worth Road, Lake Worth, Florida 33463, or at such
other place as the holder hereof may from time to time designate
in writing, the principal sum of Fifty Seven Thousand Five ~:undred
($57,500.00) Dollars, payable as follows:
Seven Thousand Seven Hundred Fifty ($7,750.00) Dollars nn the
fifth (5th) day of October, 1980 and Seven Thousand Seven Hundred Fifty
($7,750.00) Dollars on the fifth (5th) day of each October thereafter
until the Fifth (5th? day of October, 1984, when the entire unpaid
balance of principal and interest shall become due and payable, with
interest on the unpaid balance from the date hereof at the rate of
Eight and One-half (8 1/2$) Percent-,annum, payable on the Fifth (5th)
day of October, 1980 and annually thereafter.
This note may be prepaid ila~;who~le or in part at anytime without
penalty. ~
.
' This note is secured by a fi st mortgage on real property in St.
Lucie County, Florida.
~ After default or maturity, both principal and interest shall bear
i interest at the present highest lawful rate permitted under the laws of
~ the State of Florida. In case any installment of principal or interest
is not fully paid when due and remains unpaid for Thirty (30) days,
or in case of default in performance of any of the terms and provisions
of this note or of the mortgage securing same, the whole indebtedness
evidenced hereby and secured by the mortgage shall, without notice to
the undersigned, at the option of the holder hereof, §hall become due
z and payable at once (notice of the exercise of such option being hereby
expressly waived).
In case this note is placed in the hands of an attorney for
colelction, or suit is brought thereon, or in case of litigation with
third parties to protect the lien of the mortgage, the undersigned agrees
to pay reasonable attorneys fees, expenses of collection and costs of suit.-
ry< As to this note and the Mortgage, the undersigned and endorsers,
if any, severally waive all applicable exemption rights, whether under the
state constitution, homestead laws or otherwise, and also severally waive
valuation and appraisement, presentment, protest and demand, notice of
protest, demand and dishonor and non-payment of this note, and expressly
4ti agree that the maturity of this note, or any payment hereunder, may be
extended from time to time without in any way~~fecting the liability of
the undersigned or said endorsers.
~ `s ' ~ c~'U- - ( SEAL)
JOHN LL AM NORRI , JR. _
~ `c
j ~ \ ~ ~ ( SEAL).
pp ? ~
`'K3~g P~(:F ?A!1 JOB NE NORRIS - ~ '
J ;.ire 1l