HomeMy WebLinkAbout2707 ~o ~iaue and to hold the same, fu~tefltcr u+ilh the tenements, irrc<lifoments and apf:urle
nanc+•s Ilterelo 1?elun?inry, ortrl the rents, issues and profits Ihereo/, unto Ilte mortgagee, in fee simple.
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Ulnd fhP morlga{for conenanls willr the mort{fageN Ihal the mortgagor is inde(easi{~ly seized of said
Innrl in /ee simply>; that the ma"fgagor has good right nnrl lawful aufltorifV to convey solo land as olore-
said; Ilia) Ilte mot!{fnffur will make such further assurances to per/eel the fee simple title to said land in the ~
mo?Iryagee as mny reasonably be required; that the mortgagor hereby )ally u?arranls the line !o said land
anti trill defend Ilte same against the lawful claims o/ all persons whomsoever; and thnt snid land is /tee
;j nnl clear o/ nil enctrmhrances except taxes accruing subsequent to December 31, 1979;
and That certain Mortgage from GERALD A. KEPHART and EVA H, KEPHART, his wife, t
to CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION OF•ST. LUCIE COUNTY, dated
April 28, 1975, and filed of record April 30, 1975 in Official Records Book 238,
page 2989 of the Public Records of St. Lucie County, Florida. t
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~rou~ded ~tways, that iJ said mortgagor ahnll pay unto said mortgagee the certain promis-
,i sory note beret/taller substantially copied or identified, to-wit:
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MORTGAGE NOTE
6,000.00 Ft. Pierce , ra?r=J~
November ~ , 179 r
FOR VALUE RECEIVED. the uadenigaed, (jointly and scveraUy, it more thau w?r) fnurra?•r to pay to
GERALD A: KEPHART and EVA H. KEPHART, each single adults
, ur order, iu tlse ntuaner hereinafter specified,
the principal rum of SIX THOUSAND 'and 00/100----------------------------------------- /100 DOLLARS
(S (),000.00 )with intettut ttwu date at the rate oI 14 per cent. per annum on the balance tram rinse to time remaining unpaid. -
Thc aid principal and interest shall be payable is lawlul money of the United Stites of Auxrica at
or at such place u may hereafter be designated Isy wr?ttrn notice (runt the holder to the maker hereof, tin
the date and in the manrser folbwing: '
Face amount of this Note and Mortgage due and payable with interest
thereon at the rate of Fourteen per cent (14%) per annum in One
installment; due Six (6) months from the date hereof. ~ _
The maker of this note reservt~ the right to Frepay, in whole only,
at any time without penalty.
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This note with interest is secured by a mortgage on real estate, of even date herewith. made by the maker herco[ in tarot of the s+id
;,.syee, and :haU be corutrued and enforced according to the laws of the State of Fbrida. The terms of said tortgage arc by this reference
made a part hereof.
It default be made in the payment of any oI the sums or interest ntcutiourtl h~ r.•?a u? +n a..=•i uwrtK.? ;e, ur in d?e i?rrfurn?.rnr-e. of
any of the agreemenu cootatned hucin or in aid mortgage, then the entire principal awn aaJ accrued interest :frail at the upt?oa of the
holder hereof become at once due and ooUeetibk without ratite, time being of the euence; and said principal sum aril accrued interrst
shall both bear interest from such time until paid at the highest rate albwabk undo ebe laws of the State of fbrida. failure to exercise
this option shall not coattitute s waiver of the right W exetcsse the tame iu the event of any subaequeat default.
Each person Gabk hereon whether rnalter or rndoner, hereby waives presentment, protest, notice r?otice of protest and notice ~ of fir
honor and agrees to pay all costs, inraudins s rrsanabk attorney's fee. whether wit be brought or not, ir, suer maturity of this mote or default
hcreuadu, or undo sand mortgage, counsel ahsU be emplayad to tao8eet this note a to protect the security of said mortgage. •
Whenever used huein the terms "bolder". "makes" sad "payee" shall . bt io th sirsgsslsr of plural as the context inay
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requite or admit,
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