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HomeMy WebLinkAbout2865 , ~ _ ` i+ J ~o Piave and to Mold the some, fagefher u~ilh 11?a fenemenls, heredilnments and appurfe- ~ notices thereto belOnglllg, and the rents, issues and profits fl,ereo(, unto the mortgagee, in fee simple. ~ the mortgagor c-o?~enants with the mortgagee that the mortgagor is indefeasibly seized of said land in Jee simple; that the mortgagor has good right and lawful authority to convey :aid land as afo?+e= ~ said: that the mortgagor will make such Jurthe? assurances fo perfect the fee simple title fo snid land in the mortgagee as may reasonably be required; that the mortgagor hereby fully warrants the !ills to said land a??d will defend the same against the lawful rlaims of all persons whomsoever; and that said land b free and clear of all enct~mbr~ances except current year taxes, and restrictions, reserva- tions easements and covenants of record, if any; and as otherwise noted herein. i i II ~ i i~ 'f • ~rou~ded Always, that iJ said mortgagor shall pny unto said mortgages the certain promis- sory note hereinafter substantially copied or identified, to-wit: MORTGAGE NOTE AMOUNT LOCATION DATE s 2,200.00 Ft. Pierce, Florida November 29, 19T FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to pay to FREDERICK F. WHARTON, JR. and VIOLETTA K. WHARTON, his wife or order, in the manner hereinafter specified, the principal sum of Two Thousand Two Hundred and No/100 It 2,200.00 With interest from date at the rate of ~ 1.O000pef 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 Ft. Pierce, Florida o r at such place as may hereafter be designaUed 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 follows: Beginning on December 29, 1979, the sum of >f47.84, and the same amount on the same day of each month, in each year thereafter, until the entire principal sum of X2200.00 together with interest, as herein provided, has been paid in full. All payments are to be applied first to interest at the rate specified herein upon the principal sum of X2200.00, or so much thereof, as may from time to time remain unpaid and the balance of each payment shall be applied to principal. This note is•prepayable in whole or in part at any time without penally. l This note with interest is secured by a mortgage on reel 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 otthe wms or interest mentioned herein a in said mortgage, or in the performance of any of the agreements 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 unfit paid at the highest rate allowable under the laws of the State of Florida Failure to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any wbsequent default. 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 cosu, including a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this note or default hereunder, or under said mortgage, counsel shall be employed to collect this note or to protect the secu ' f said mortgage. Wherever used here in the terms 'holder', 'maker' and 'payee' shall be construed in singular or p rat as a context may require Or admit, ~jQQ~+ MAKER'S ADDRESS BQ9K~~~ PAGE2VU1 ~ L i ~ 6(~t...__,~ .n~nrrrrn h __~,fAtJL~2fn J nsrTrro . ~ Q Q W W N H i