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HomeMy WebLinkAbout1880 r t 1 LL__.... . . ~0 ~AY~ ~ ~ ~~d the aame, together with the tenements, hereditaments and appurte- i nances]1heMI0 belonging, and the rents, issues and prof ifa theroof , unto. fhs mortgagee, in fee simple. n1111 the ?aotgagor rnvenanta with the mortgagee that the mortgagor u indefeaatbly seized of antd land in fee simple; that the mortgagor has good right and lawful authority to convey acid land as of oro- aaid: that the mortgagor will malts such further asaurances to perfect the fee simple title to avid land to the mortgagee as may ?easonably be required: that the mortgagor heroby fully warrants the title to safd land and will defend the snore agninat the lawful claims of all persons whomsower: and that said land V froe and clear of all encumbrances except current year taxes, and restrictions, reserve- ' tions easements and covenants of record, if any; and as otherwise noted herein. 1 f l ~ r,~ORTGAQE NOTE - AMOUNT t.O~ATiON DATE (s 2,625.00 Ft. Pierce, Florida ~ December 5, 1979 FOR VALUE RECEIVED, the undersigned, Ilointty and severally, if more than one) promises to pay to AGNES M. LEA11Y , or order, in the manner hereinaher specified, the principal sum of Two Thousand Six Hundred Twenty-Five and No/100 (S 2,625.00) With interest from date at the rate of 11 .0000 per cent, per annum on *he balance from time to time remaining unpaid. The said principal and interest shall be payable in lawful money of the United States of An;erica at Ft. Pierce, Florida or at such piece as may hereafter be designated by written notice from the holder to the maker hereof, on the date and in the manner following: Principal and interest is payable Monthly in equal installments as follaits: Beginning on January 5, 1980; the sum of #85.94, and the same amount on the swine day of each month, in each year thereafter, until the entire principal sum of X2625.00 together With interest, as herein provided, has been.paid in full. All payments are to be applied first to interest at the rate specie herein upon the. principal sum of ~2b25.00, or so much thereof, as may from tim~to~ dime remain tmpaid j and the balance of each payment shall be applied to princip~ This note is prepayable in Whole or in part at any time~~+ithout penalty. 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 said payee, and shall be construed and enforced according to the laws of the State of Florida The terms of said mortgage are by this reference made a part hereof. If default be made in the payment of any of the wms or interest mentioned herein or in said mortgage, or in the performance 7 of any of the agreemenu contained herein or in said mortgage, 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 wm and accrued interest shall both bear interest from wch time until paid at the highest rate allowable under the laws of the State of Florida Failure I to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any wbsequent default. I ' Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice of dishonor and agrees to pay all costs, including s reasonable attorney's fee, whether wit be brought or not, if, after maturity of this note gape, counsel shall be employed to collect this note or to protect the security of said mort t or defwlt hereunder, or under said mort } Wherever used here in the terms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may t require or admit. MAKER'S ADDRESS r., ~I J ` J ~ J W N N r