HomeMy WebLinkAbout1479 ' ..i.
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~o ~iaue and to Mold the same, fagrlher with Ilse tenements, he?edifamenls and appu?te
• names llserrfo br•longirsry. and the rents, issues and profits IhereoJ, unto the mortgagee, in fee simple.
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lLn~ IhP mortgagor covenants wif{s the morfgage~ flraf flse mortgagor is indefeasibly SPI2Pd of said
land in free simple; that the mortgagor has good right and lawful authority to convey said land as afore-
said; that the mortgagor «~ill mare such further assurances to perfect the Jee simple fide to said Innd in the
morttagee as moy rnasonnbly be required; that the mortgagor herebp fully warrants Ilse title to said land f
anti will defend the same agal/lst the lawful claims of all persons whomsoever: and that said land is Jree
and char o all encumbrances ~
f except taxes accruing subsequent to December 31, 1978.
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~~Ut~fd ~lwayS, that iJ said mortgagor shall pay unto said mortgagee the certain pwmis-
sory note {sp?einaJfsr substwstially ••niWl .:r identified, fo-wit: .
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5..1$_.&OQ.QQ...._.... .1?at:t..St_..l.ucic.,..._.... iiorida,.---.....nctober t4 79... ;3? (
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~ ~;lOr ~~21~11~ ~.~t'CPitt~l the undersigned join?ly and severally promises to pay to the order ._7J~
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i D, LLrGAS JR and VIRGIYIA A. Li1CAS his wife
OI .....:.:........•___..__-__.i._.__.:.1...__......._........_...._-__-......_.___•.1..._.__.....__._--•_•__•__.._..____.......__..__...-.....____•._•_____ sift
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the prtncppa) sum oF._~.Zl,IiTEEN-.T11U13Sr~iD..~llT._11LT~lA~Ri:D.ALv11_~iQlLOQDoUars(S1~$~$S?Q:.QQ_......_....), ,~j`
- ~ Ten (10',) ,fir ceM. per anrtum until maturity,
~ ! ether wdh interest thereon Irom date at the rate vf. ,
x said interest being payable monthly on the _____.___.11 th• ...............day of each and every month both principal
and interest being payable in lawful money of the United States at_33Q-SI.L.HABB~.R-STRF.ET,____________________
,"1 ` STLIART , (33494) Florida, a;+~ .
or at such other place as the holder hereof may designate. in writing. Principal and interest payable in install- ;'~'I,
meMs of T'aIQ_HW~111ItEII_~~TY-ELC.t1T.ADtU._!a5/1~Q._..__..----- DoNars, (s2~8,.4~._.._.._J ~?r+'
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each on the._.Ilth ._day of each and every month, beginning on the_-....l.lth -...day ol.__~~~.-__._., r.r
~ 19..79., and continuing until said principal and interest have been paid. Each installment payment shad be
credited first on the interest then due; and the remainder on principal; and interest shah thereupon cease upon j•~,
the principal so uediled. •7,•r
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ti~ 1-taker .reserves the right to preps}~ all or any port i r>n of the within indebtedness ~7,
' ~ at any time without penalty.
notwithstanding anything contained herein tc, tae contrary, this ;:ote shall be
fully due -and payable within five (S) years from the` riate hereof.
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7his 'vote is not assumable and will become' frilly du.` and pavahlc• in the event of k+'~
the sal,- of [Ire property fTr whirl: t!:is Ne%.:' ~ t3nr's as cr~riiricy. ±ri~'
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Each maker and enda?ser severally waives demand, protest and nchca of maturty, non-payment or protest end aN re- k
quiremenls necessary to hold each o1 them liable as makers and endorsers.
i-~ Each rrsaker and endorser further agrees, jointly and severally, to Day all costs o1 collection, includirs9 a reasonable atfor- y~r
n.y s fee m case the principal of this note or am payment on itie principal .or any interest tlsereon is not paid al the respective a;,t'
maturely thereof, or in cas• it becomes necessary to protect the saCUrify hereof, whether suit ba brought Or not.
This Hole and deferred interest payments steal! bear interest at the rate of 10 per cent. per annum from maturity
• , until paid.
• / This note is secured by a first nwrtge9e of even date herewith and is to be construed and enforced according to Else laws k
of the Slats aF Florida; upon default in the payment cf principal and : or interest when d , tfre w sum of princip and
- / Merest remaining unpaid shall, a+ the option of ?he holder. biome +mmed~stely du pays
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