HomeMy WebLinkAbout1169 70 ~ ~ th. acne.. tog.th.. wteh eh• t..tnt.nb. ka+i~iear.,.nta .nd .ppurt.-
nancea thereto 6eloagtnp, and the rwtb, taatta and projlle thereof, tuzto flee wlortOaQN, in jN afrreple.
the rttort~aeor cownanta with tFte ntortyapN that !?te etitertpopor to endejewi6ly eettted o/ coed
Iand to /N etrrtple: that the mortpopor has flood right and lawful authority to cortt~ep eetd load as a/ore-
told: that the ntortgago? will ntat<e ouch further aaurortca to perfect the jN afrrtple titb to said land to flee
trwrtgoll.e as titay reaaona6ly 6e requtnd: that the mortgagor hereby jt.llr tuar.+s,tb th. tftb to aatd land
and will defend the same agalnat the lawful claims of all peno?u whomaoewr; and that aatd lend to /rN
and Ilea. o/ all encumbrautcea , except taxes accruing subsequent to December 31, 1979.
~l~uayS, that iJ said moregago. ahaU pay unto ,std mortgagN the certatn promt,-
sory note heretnajter substantially copied or idnetjtd, to-toil:
i v , ~ utl . llv Ft . ~ l erce ,Florida
. November 30 , 1>i 19
FOR VALUE RECEIVED, the undersigned, (jointly and aeveraUy, it more than one) pmmiv~ to pay to
_ WAYNE E. ALLEN & JO ANN ALLEN, his wife T
or order, in the wanner hereinafter apecitied,
' the principal auw of SIX THOUSAND ONE HUNDRED AND NO/100~~~~~~~w.+w~w..~~~.....~.q.~q....~~....~ /IOO.DOLL~?Rs
i= 6 ,100.00 )with intersst from date at the rate of Ten per cent. per annum on ehe balance from tint to time remaining unpaid.
The said principal and interest shall be payabk in lawful money of the United States of America at 2050 S . U S . #1
Ft. Pierce, F1 33454 at such place as may hereafter be designated by written notice from the bolder to the maker hereof, oa
the date and iu the manner following:
Payable in Thirty Six (36) consecutive monthly installments of
565.56; beginning one month from date and each month thereafter
_ until November 30, 1982, On November 30, 1982 the full principal
amount of 55,484.68 will become due~and payable.
The makers reserve the right of prepayment at any time without
penalty.
Thu note with interest is secured by a mortgage on teat estate, of even date herewith. made by the maker bereo[ iA favor of the said
payee, and abaU be toruttued and entortxd according to the laws of the State of Florida. The terrtu of said mortgage ore by this reference
~ made a part hereof.
If det:ult be made in the payment oI any of the sums or interest mentioned herein or is said mortgage, or in the performance of
any of ebe a reemenu contained herein or in said mortgage, then ebe entire prinupal sow and accrued interest abaU at the opt'aa of the
holder hereof become at once due and coUectibk w-itbout notice, time beinngg of the essence; and said principal sum and accrued interest
,hall both bear interest from such time until paid at the highest rate aUowabk under the laws of the State of Fbrida. Failure to exerrbe
this option aball not corutitute a waiver of the right to atercise the acme in the event of any subsequent default. '
Each person liabk hereon whether maker or endorser, hereby waives presentment, protest, notiu notice of protnt and notice of dis•
honor and agree to pay all cosu, intJuding a «asonabk attorney's lee, whether suit be brought t?s ij, after matunty of thu note a default
hereunder, or under said mortgage, counsel shall be empbycd to collect this note or to proteu ebe security of acid mortgage.
lA'heneva used huein the tenw "bolder", "maker" and "payes" ab eons ed i the or p au the context auy
require or admit. ,
Maker's Address _ .».....».........(SEAL)
p~ rank A.~Leeland
5717 Buchanan 8oac32i PACEiib'~ ~ (,:AL)
Ft. Pierce, Fl 33450 Elaine~Leelan ~2~~ .r..~...
.~.~......~~.~2L.~. SEAL)