HomeMy WebLinkAbout1827 ~0 ~{AYt ~ W ~11~ Ihs same, together wfll~ the tenements, heredifamsnfa and appurte-
nances thereto belonging, and the rents, issues and profits thereof, unto the mortgagee, to fee simple.
the mortgagor covenanb with the mortgagee that the mortgagor is inde/east6ly seized of said
land in /ee simple: flint the mortgagor lies good right and lawful authority to convey said land as of
ore-
said: that the mortgagor will make such further assurances to perfect the fee simple title to said land to the
mortgagee as may reosona6ly be required; that the mortgagor hereby /ullr warrants the title to said land
and will d%nd the same against the lawful claims of all persona whomsoever; and that sold land is free
and clear o/ all encum6mnces except that certain First Mortgage executed by
foram O. Petersen in favor of Sun Bank of St.Lucie County dated
September 29,1976 and recorded in O.R. Book 258,Page 583 of the
Public Records of St. Lucie County, Florida in the origir.~l pr-='-c-Pa1•
amount of $15,000.00. ALSO EXCEPT that certain Second Mortgage ex-
ecuted by foram A. Petersen in favor of Fred F. Adams and John P.
Hoke which Note attached to said Mortgage was dated September 29,
1976,which Mortgage is presently unrecorded having an original
principal amount of $2,290.00. .
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~COU~ded always, that i) said mortgagor shall pay unto said mortgagee the certain promL-
sory note hereinn/fer substantially copied or identified, fo-wit:
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. •.r ,'rYro.r r hbo.e.r .rvawra4 •.w...,. ..a.o, btMINO~t . UitM J/
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Mortgage Note
s.2.Z.r.Q.a.a.....a.G ~ a:larida Actobez 15 ~9.?.9..
~ iGR VAiUE RECEeVE~ the undersignai promises to pay to ttte order of
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l JORA.;: O. PETERSEN
. - Twent -'t'wo ThoLSand and No One-Hundredths - - - - - -
, tr» pnnupal wm of y............---- .........................../......................................................................................................................Dollars
' togetnrr with interest thereon at the rats of .eleVe ::...per cent per annum from ...................thl&...datie.....................................................................
~ ur ~~Stfriy' ?$i;$`4'f~°P pa r irexZltS yawl- inc,yrv~j,/Vlo~ey owl .1t~ t thates. ,tKhr in~~pal sua~m and ijnlt .est,pO
a4 a ir1atall Oltsl a liowc
ff Y L l1 J j] t 1 L tJ f~8vembe
~~,~9~~ and a l~ik2 ~"u.-n on ~~ie correspontding eday o~ epac~Ii~e succ~e~ing.perio
';.Hereafter until November 15 1987 on which date the entire remainin rind a
!balance shaT a cue an pays a in one AL payrient. a terms o is o
!are fully subject to the Rider to the Mortgage securing this Note making this
ja Wraparound Mortgage Note.Any prepayment shall first be applied to the First
yortgage and `ote and thereafter the Second Mortggage and Note and after those
~tiotes are satisfies the remaining balance shall be paid to the holder of this
;tiote.
j Sucn instaiienent payments shalt bs appiied frst to the interest accruing under the terms of this note and then to a reduction of the principal ietdeWedrtess.
1. Tne makers ano endorsers of this note further agree to waive demand, noteu of non-payment and proteu, and in the went suit :hail be brought for IM
~ ~ coiiect+on hereof, or the same has ro be ~oilacsod upon demand of an attorney, to paY reasonable attorney's tws (or making such collection. Alt payments Iwre•
~ under :daft Dear interest at the rat. of.e...eV~rcent per annum from rr:turity until paid. This note is secured by a mortgage of ewn date Mrewith and is to
b. construed and enforced sccording to the laws of the State of Florida; upon default in tiw payment of principal andlor interest when dw, the whole sum of
pr~nupai and interest remaining unpaid :hail, at tM option of IF?e holdws, oecome immediately dy~Snd paYA¢fe. t'ailure fo er,ere~•w~te +pion shall riot constitute
a waver of the rigor to elseruse tits seers m tiN evont of subsequent de(auit.
~ ?~aysol.at.~~'~ .L7 ~ .../Sl. Georq~e Billir~u.~rsX......» ...........................1sEAt.~
.A1.e.,.... ..~.fie..e.......
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I Geory~ n~ri ~ngYiii~s
,....i....~t.f .~C.f'y.....~.........._.~..~~,5 ........................................................................csEAu
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or such Diner place as shall b. . _~.~-Yaleri.f:.:.61 tnghursi~...........» ..................csEAtt
designated by IM holder of ?h~s Va12r~e Billing','~urst
~ not. M wrir~ng. ...........................................:...................................................................»......ISEAI)
1~~;~318 rx;~1821