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HomeMy WebLinkAbout2871 ~ ~ r, ; • ~I II ~o ~iAUe lend to ~totd the same, together with tl?e tenements. he?edifaments and appwfe- nances Iherefo belonging, and the rents, issues and profits thereof, unto the mortgagee, to fee simple. ~il~ the mortgagor covenants with the mortgagee Ihat the mortgagor is indefewi6ly seized of said land in fee simple: that the mortgagor has good right and laiuful authority to rnnvey said land as afors- said; that the mortgagor will make such further assurances to perfect the fee simple title to said Land in the - mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the title to said land i and will de%nd the same against the lawful claims of all persons whomsoever: and that aaid land is free and clear of all encumbrances except current year taxes, and restrictions, reserva- tions easements and covenants of record, if any; and as otherwise noted herein. I l , 1 ' ~C6Utded ~iIIUlUJS, that if said mortgagor shall pay unto said mortgagee the certain promL- I sory note hereinafter substantially copied or identified, to-wit: MORT(iA~iE NOTE AMOUNT LOCATION DATE s 2,200.00 Ft. Pierce, Florida November 29, 1979 FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to pay to FREDERICK E. WHARTON, JR. and VIOLETTA K. WHARTON, his Wife t or order, in the manner hereinaher specified, the principal sum of ~ Two Thousand TWO Hundred and No/100 (S 2,200.00 ) ' With interest from date at the rate oA 1 .0000 per 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 or at such place 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 follows: Beginning, on December 29, 1979, the sum of #47.84, and the same amount on the same day of each month, in each year thereafter, until the entire principal sum of #2200.00 together with interest, as herein provided, has been paid 5 in full. I ~A11 payments are to be applied first to interest at the rate specified herein upon the principal sum of #2200.00, 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 penalty. ; l 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 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 V Holder hereof become at once due and collectible without notice, time being of the essence; and said principal sum 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 3; to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any wbsequent default. Each rson liable hereon whether maker or endorser, here p protest and notice Pe by waives resentment, protest, notice notice of of dishonor and agrees to pay all costs, including a reasonable attorney's fee, whether wit bs brought or not, if, after maturity of this note or default hereunder, or under said mort ~ gage, counsel shall be employed to collect this note or to pr t the security of sai ortgage. Wherever used here in the Urnns 'holder', 'maker' and 'payee' shall be construed in th si tar or plural as come t may require or admit. a MAKER'S ADDRESS r BtI~K PAGE W AR H S. W ~ y V, u