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HomeMy WebLinkAbout1014 1 S~ j~,~ , ~Vt ~ 11W~d the same, together- with the tenemen(s, heredilaments and appurte- nances thereto l~elu?tging, and the rents, is:ues and profits thereof. unto the mortgagee, in fee simple. ~nd~ the mortgagor c~ovennnts with the mortgagee Jhat the mortgagor is indejeasi6ly seized of said land in Jee simple; that the mortgagor has good right and lawful authority to convey said land as afore- - said; Jhat the mortgagor will make such furthe? assurances to perfect the fee simple title to said land in the mortgagee as may reasonably 6e required: that the mortgagor hereby fully warrants the title to said land and will defend the same against the luu~ful cluims of all persons whomsoever and that said land is free and clear of allencum6rartces except taxes subsequent to December 31 , 1978. ~sf that if said mo?tgago? slinll pay unto wid t~srlpo8ee tJ~. certain promis- aory eota ht>lreinalttzr substantially copied or identified, M-u~ih ~ • ^ • .;,t:- i i - ~ . . s :5.,47,00 Ft. Pierc~,a.;da Octobe_r___.~.,~',t9 79 F(;R VA'_UE kECE1VED the u~dcrsigned prcmrses to pay !a the waer o! ERKA CORPORATION . _ _ „t`pr~~c,paltumor FIFTEEN THOUSAND FOUR HUNDRED NINETY-SEVEN D,I,aa!515,497,00 .-ge•^e- w:•h interes! thereon 4cm date, at th^ ren~ of 8 • 5 .................per era, per a n n ltm ant,! maturty s.+ ~ntrrest •~~g:a.abic semi -annual l,y,~~ ~,y Apri 1 ar:d.. October ..-t bo•'. pri-r;p-,i and .,e.rst be-.„g o3ya•`.!e 1 r,..l,rl money a! rhr• IJr.it@rt St~r•-: o• its E4•u'v~,e-,r, at P . 0 . BOX 1rJ69 , ~ i rand Cayman British West Indies ' sa• p~•napal sv^~ to be p r,b!~ on the dales and m the amou~es sPcc Ged be'cw tc•w~t 1. S7,14R.50 on the of October, 1980. } 2. ~7,74~3,50 on the of October, 1981. i i E •c!. ma.r r rn~o-:er :ercrrily waves den aid. protost a^.d nor•ce o! ma'uriq, non-payment a protssT and aq requirements necessary to hold each o+ F.,a n.,~er a^d e-'tors^r tur,:,er agrees, toin!!y and se•erat!y, tc Cay ail costs of wpedion, includrny a reasonable attorney's lee in case the pnnupal d ^.o•~ .r c•.+n,ert en Me s~~-c.gal or any ;n~e-as1 Ihere~•n rs not ptrd at the respective maturity therpl, Or in case d beconms necessary to erore<t me i s r ~nfy : e•:.ol, • e?,Pr z•n• cr• t: fight or not 9 a i~ nose deterred •crerrst pay-rsents shall be.p interest at the rare nl ..............w .......per cMl, per annum from matuidy cold paid. Th~~ r,~re secured by a mortgage cl even date M,~rewdh and rs to be construed and s.. forced according to the laws of the State o! F!o-ode upon ~claa!r ~c t6r• payment o+ pr.,dGal aod!or nteresl due .n any note secu•ed by card Mortgage. all Holes so secured and re:naimng unpaid shall forth«~th bicome d,~ and payable notwithsr,rndrng their tenor W. C . Company ~~Iaene'Z' . Drumm, President Seal' i t ' nK319 PdhE~~12