HomeMy WebLinkAbout1029 J. _
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Il~11lt ~ W T1V~ the same, t • ~ ~ ~
ogether with the tenements, hereditament! and appurte-
nances thereto 6elongtng, end the rent!, tuuei and projUs JhereoJ, unto the mortgagee. to jee simple. ~
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the mortgagor covenants with the mortgagee that the mortgagor u indefeasibly seized of said
land to fee simple: ~taet the mortgagor hw good right and lawful autho?ity to convey said land as ajoro• j
-~:a.+n-: .::;U ••'3_~t •:E"F` ~.nimn~~ to ner~Mt Ibe rwe simple title to said land in the i
mortgagee as may reasonably be required; that the mwtgngor hFreby jolly war?ants the title to said land
and urill defend the same against the lawful claims o/ all persons whomsoever; and shat said Land is Jree {
'and clear o/ all encumbrances
And subject to that certain Mortgage executed by Joseph G. Carvalh
and Joan L. Carvalho , his wife in favor of A.R. Hayden a.Zd Eli~abe h
W. Hayden, His wife, in Offical Record Book 270, Page 1741 thru 174 ,
filed and dated July 6, 1977, in the original amount of $30,400.00 '
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j ~~V~ 7i~iV~s~ that ij :aid mortgagor shall pay unto said mortgagee the certain prom4-
sory note hereinafter substantially copied or identified, to-wit:
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.x s 22 000.00 -__Port St. Lucie Florida _._____December tq?9
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~ or ~rtlue 'Zrrrtt~rd the undersigned jointly and severally promises to pay to the order ~ `
JOSE G. CARV LHO and JOAN L CARVALHO His wife ~ '
b~x~ the prinapal sum of._Twenty__Two-Thousand and 00/100 22 000.00
Dollars (s__.... f
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t ether with interest thereon From date at the rate of...-14___ ~ _ !•','c
,x o9 per cent. per annum until maturity,
said interest bein Ei hteeh
~ . ~ X g payable monthly on the day of each and every month both prindpal
- and interest bein ~."1~
g payable in lawful money of the United States at________________________________
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t ----------------------------------------•-----------------•-----------•-----------•-----------------------------------------------•------------------Flom j~:.
~ or at such other place as the holder hereof may designate in writing. Principal and interest payable in install- y~.~
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Two Hundred Sevent Three and
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.x meats of ----•-----------=---------------------------x .100....--------------•--- Dollars (S 27 ~ ~ x_7_._1
each on the._.__18...--day of each and every month, beginning on the_.__.18_-..---.day of-January ~ ter"
~.t 19.~., and continuing until said principal and interest have been paid. Each installment payment shaft be y~
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;:1;. uedited first on the interest then due; and the remainder on principal; and interest shall thereupon cease upon s'ti
4~ the principal so credited. :;~•r
7t Balloon payment in the a:noaat of $ 17,892.76.
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The last payment hereof to be ballooned with the entire unpaid r~*
4~: principal, together with accured interest, to be dae and payable ~ ~
~t This Note 'nay be prepaid in part or in whole at any time before due ~~t
without penalty therefor. x
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THIS I S A BALLOON NOTE . jr
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' ter;
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s fir`.
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~`~`i Each maker and endorser severally waives demand, protest and notice of maturity, non-payment or protesirand all re- Y
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quirements necessary to hold each o{ Them liable as makers and endorsers. jr.:
~ ~ ~ Each maker and endorser further agrees, jointly and severally, to pay all costs o! collection, including a reasonable actor- Yj
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.r.~- ne s fee in case the rinci al of this note or an a meat on the rrnci al .or an interest thereon is nos ai at the res ective arL`
r-_: maturity thereof, or in case it becomes necessary to protect the security hereof, w .ether suit be brought or nos. ~
f:. This note and deferred interest payments shall bear interest at the rate of 1~ per cent. per annum /rom maturity
• r until paid. kJ
r;;~ This note is secured by a first mortgage of even date herewith and is to be coosirued and enforced according to the laws
• 1-;; of the State of Florida; upon defaulj/ilrr the payment cf principal andior interest when due, the whole sum of principal and ~
f.•..
x.~~ • interest remaining unpaid shall, at the option of the holder, become immediately due and payable. y
for 15 days ~ f/ ~
~ ..(Seal) '/c~./~c-c.s~_ . (Seal) Yr.'• •
jtichard~ V, Tackson -