HomeMy WebLinkAbout2194 70 ~ eb. ranee, togetkK wftlt t?te tenetw.eti.~fterdltsr.~ttst and opptute-
nances]1ltehto belonging, nrtd flee rents. tows and pro/ifs tlsereo/. unto the mortgagee. 1n /ee alrnple.
iL1~p the nartgagor covenant, with t?te mortgagee that the mortgagor L end%atbly ,clod o/ said
Iand !n /ee ample: that the mortgagor /tar good rlgltt and bw/uI authority to eortaey said land as alor~t-
satd: that t?te mortgagor will made such /ttrther airwanns to per/ect the /k simple title to said land in t?tr
mortgagee ar mny reasonably l» rpul,yd; that the mortgagor hereby /r~Ily warrants else title M said land
and will defend the sane against the law/ul claims o/ all persons whomsoever: and that said land is /rw
and clear o/ all enctembmnces, except taxes accruing subsequent to December'31 , 1979.
and that certain first mortgage held by Security Federal Savings
& Loan Association of Indian River County, dated June 3, 1976,
filed June 4, 1976 in O.R. Book 25:i, Yage ri4i, as dilieilti~ci j, -
agreement dated March 18, 1977, filed March 21, 1977 in O.R. Book 2 5,
Pa a 210 of the Pultsiie Reearda of St. Lucie Celzrt ~ Florida
g ,
1
~r ~U~S, that l/ said mortgagor shall pnr unto sold mortgagee the certain prom4-
sory note heninn/ter aubstanttally copisd or idsnti/fsd, to wit:
I
November 5 ,1y 79
FOR VALUE RECEIVED, the undersigned, (jointly and severally, it more than one) promises to pay to
JACK A. BOOT & MIGNON C. BOOT, his wife
, or ordu, in the taanner hereinafter specified,
the principal sum at Fifty seven thousand six hundred fifty nine and ---------------51100 DOLLARs
(557,659.51 j with iaterast Gom date at the rau of 10 pcr cent. per annum on the balance trom tint to time reawait?i unpaid.
The uid principal and interest shall be payable is lawtul mosey of the United Sates of America at Rt . 5 , BOX 90UA,
Ft. Pierce, Fl 33450 or at such plan as may hereafter be designated by written notice from the holder to the make bereot, on
the date snd in the manna [oUowing:
Payable in One hundred twenty (120) consecutive monthly installments of
- Sb19.61, beginning one month from date and each month thereafter until
November 5, 1989. On November 5, 1989 the full principal amount of
529,162.71 will become due and payable.
Borrower shall pay to the Note Holder a late charge of Five (5) percent
of any monthly installment not received by the Note Holder within (15)
days after the installment is due.
The maker reserves the right of pre-payment at any time without penalty.
This note with interest is secured by a mongage on real estate, of even date huewith, trade by the rasher hereof in favor of the said
payee, and shall be construed and enforced acwrding to the laws of the State of Fbrida. The terms of said mortgage are by tbu reference
made a pan hereof.
If default be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the pedormanu of
any of the a reements rAnuincd huein or in uid mortgage, then the enure principal sum sad accrued interest shall at the option of the
holder hereof become at once due and collectibk without notice, time being of the essence; and said principal sum seed accrued interest
thall both bear intuest from such time until paid at the highest me albwabk under the laws of the State of Fbrida. Failure to exercise
chit option shall not constitute a waiver of the right to exercise the same in the event of say subsequent default.
Each person liable hereon whether maker or endorser hueby waives presentment, protest, notice notice of protus and notiu of dice
honor and agrees to pay all costs, including a reasonabk attorney's fee, whether suit be brought or i~, otter msturitr of this note or dcfault
hereunder, or undo said mongagt, counsel shall be empbyed to ooUect this note or to protect the sceurity of said mortgage.
N'benever used huein the terms "holdu", "molter" and "payer" shall be construed is the singular or plural as the context may
requue or admit.
Maker Addrcu ~sI..JQr~~? .4•...~~iifYX,~~~».» ............._..»..............(SEAL)
Joram 0. Petersen
3406 Dale Place .........(SEAL)
Ft . Pierce , Fl 33450
+ix
3 J~'3x (SEAL