HomeMy WebLinkAbout0825 _ •
~o ~iaue and to {old IhP same. tagt•fllPr u~itlt IhP tenements. he?ellitwtte?tIM and appurte-
nances 11lPrelu bPlon~tirut, and fhP rents. issues a?ul profits IhereuJ, unto IIrP mortgagee, in JPe simple.
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~ Iind the morlgnryor covenants with 1hP morfga{{ee Ihal the mu?tgago? is indefeasibly seized of said
lunl/ in f eP simple; that 1hP mortgagor has good right and lawful authority to cone•Py said land as a/ore-
said; that 1hP morltta{tur will male such further assurmecPS to perfect 1hP JPP simple title to said land in the i
morhtngec as may reasonably be requirPCr: that the mortgagor hereby fully warrants the title to said land III
artU IPill (IPJMrII file SamR agQl/1St the lawJUl claims OJ all persons whomsoever, and that said land is free
and clear of nil encumbrances
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rouided ~lwa s drat i snid mort a or shall _ I
y f J g 9 pay unto said mortgagee fire certain promis
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ry hereinn(ter suhstnntinll~ copiPrl or idPnti(ied. to-wit:
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MORTGAGE tNJiL RAMCO FORM 53
S 2, 500.00 PaLn Bay ,Florid.,
gep . 19 ~g
FUR VALLE KECEIt't:U, the undersigned, (juiutly and severally, if more than unc} Nromiscs to pay to ,
r]elton E. Brown and Ann L. Broanr husband and wife
or order, in the manner hereinafter specified,
nc~ principal sum of Ttao thousand five hulxlred and ---------OQ/l00 DOLLARS
t S 2, 500.00 )with interest from date at the rate of $.79 per cent. per annum on the balance from time to timt remaining unpaid.
"[~hc said principal and interest shall be payable in lawful money of the Lt?lited States of America at
nr at sus h place as n,ay hen•a(u•r be d.•sicnatnl by svrittcn notice tn,: ,the holder to the maker hereof, on
the date and in the manner folluwinq:
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Tta~enty four equal successive tnonthl~ installments of
$113.93 ea~ct~, beginning Ochober /Y 1979 and payable
on the /~~i t3ay of each successive month thereafter
until paid in full. This dote is prepayable in wtlole
or in part at any time without penalty.
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7"his ROlC with inu"rest is srn,rrd by a mortgage uo real estate, of even date hcn•with, made by the maker hereof in tavm of the said
payee, and shall be cortrucd and enturicd accordinG to the laws of the State of Fbrida.
I( default F,e made in the patrneut of any /,t the sums or interest mentioned herein or in uid mortgage, Or in the performance of
any of the agreements contained herein or in said mortgage, then the entire principal sum wad accrued interest shall at the option of the
holder hereof 6ccumr at Dole due and cullectibk without notice. time being of the essence; and raid principal sum and accrued interest
shall both bray interest from such tirne until paid at the highest rate albwabk under the laws of the State of Fbrida. Failure to exercise
this option shall not constitute a waiver of the right to exercise the same in the event of way subsequent defrtult. '
F,ach p,•rson lial,le hereon whether maker or enllorur, hrrl•by vraives presentment, protest. notice notice oI protest and ttotice of dis•
honor and agrees to pay all costs, including a r!•asonable attorney i fee, whether suit be brought or not, ir, after maturity of this note or default
hereunder, or under said mortgage. counsel shall be empbyed to rnlkct this note or to protect the security of said rrwrtgage.
K'hencver used herein the trrrns "hot<lci', "rnalcrr" and "payee" shall be construed in the singular or plural as tht context may
require or admit.
\t.der's Address ' .......................:.:.:................................(SEAL)
Chester..L:...Sams
~,K3i 824
S PAGE ~ ' ~ ..(SEAL)
Shir ey J.
150 Banyon dr.
............................................(SEAL) 1