HomeMy WebLinkAbout1838 ~o ~~aue and to Mold the suntc•. fugether with Ilre fenemeuls. heretltfumenls and appu?le
nnnr•o. Ilu•n•lu L.•lurutirar, and fire real.. issues uud pru(ifs Ilrr•n•u~, unto the morf{{agee. in fee simple.
end the mu?1{{a~{car corenmtls wills Ilse mortgagee Ihaf the mortgagor is inde(w•asibly seized of said
land in fee simple: that the mortgagor has good right and lawful authority to convey said land as afore- j
said: that the morf~{agor toil! make such further assurances to perfect the fee simple title to said land in the
mo.f~{a!ler as may reasonably be required: thnf the mortgagor hereby fully warrants the title to said land
arm will de(e?r.l the same against the loin(ul claims of all persons whomsoever: and that said land is free
and clrnr of a!! encumbrances accruing subsequent to December 31, 1978. ~
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CoUlded ~~IUn S, that i( said mortgagor shall pay unto said mortgagee the certain protasis-
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sory note hereinafter substantially copied or identified, fo-wit: I
- CH-1394
MORTGAGE NOTE ~ RAMCO FORM 81
s 17,500.00 Port St. Lucie , Fbrida
October 31 t9 79
FOR VALUE RECEIVED, the undenigned, (jointly and severally, if more than one) promises to pay to
WASHINGTON REAL ESTATE, INC.
, or order, in the manner hereinafter specified,
the principal sum of sevente~n thousand five hundred and OO~I~ DOLLARS
17, 500.00 ) wtth sntenst from date at the rate of 11X per cent. per annum on the balance from time to time remaining unpaid.
The said principal and interest shall be payable in lawful money of the United States of America at 100 Cruiser Road, North,
North Palm Beach, F334s`~ at such place as may hereafter be designated by written notice from the holder to the maker hereof, on
the date and in the manner following:
l Payable in sixty (60) equal monthly installments of three hundred eighty dollars
and fifty cents ($380.50) including principal and interest. First payment due
December 1, 1979 and monthly thereafter until said principal and interest due
thereon are fully paid.
The makers reserve the right of prepayment at any time without penalty.
t
This note with interest is secured by a mortgage on real estate, of even date herewith. made by the maker hereof in favor of the aid
'3 F1Yee, and shall be construed and enforced according to the laws of the Sute of Florida.
If default be made in the payment of any of the sums or interest mentioned herein or in aid mortgage, or in the performance of
any o[ the agreements contained herein or in said mortgagt, then the entire principal sum and accrued interest shall at the option of the `
holder hereof become at once due and collectible without notice, time being of the essence• and said principal sum and accrued interest
~ shall both bear interest from such time until paid at the highest rate allowable under the laws of the State of Fbrida. Failure to exercise
Y. this option shall not constitute a waiver of the right to exercise the same in the event o[ any subsequent default.
Each person liable hereon whether mater or endorser, hereby waives presentment, protest, notice, notice of protest and notice of dis-
honor and agrees to pay all costs, including a reasonable attorney's fee. whether suit be brought or not, i(, after maturity of this note or default
~ hereunder, or undo aid mortgage, counsel shall be empbyed to collect this note or to protect the security of aid mortgage.
Whenever used herein the terms "holder", "maker" and "payee" shall be construed in the singular or plural as the come:t may
require or admit.
hiakeis Address /s/ ALBERT J, SANOWSKIS
••ALBERT J. SANOWSKIS
- • ......(SEAL)
1249 S, E. Airoso Blvd. , Port St. Lucie, F1. ^r7g _ -..(SEAL1
- - 334 SZ- - g:;.~K... - - pSGE •
- - -•-----......(SEAL)