HomeMy WebLinkAbout1550 •
r I
s
• ~ - s
30 ~laue And to fold the same, together with the tenements, heredilnments and appurte ~
t nnncrs Ilterefa helunffiu{f. and the rnnfs, issues and profits !hereof, unto the mortgagee. in fee simple. I
ii '
!1 ~Ild the ma?tffanor rotrenanls with the mortgagee that the mortgagor is indefea,i6ly seized of said
i d f pie: fltat flte mort a or has good right and lawful authority to convey said tared as of ore-
an in ee sim g U
said; that the mortgagor aril! make such further assurances ro pert ect the jee simple title to said land in the
morhfagee as may reasonably be required; that the mortgagor hereby fully warrants the title to said (rend i
attci u•il! defend the same against the lawful claims of all persons whomsoetrer; and that said Innd is free
arttl clear of all encumbrances except that certain First Mortgage executed by
~I The Church of Christ of Fort Pierce, Florida, a corporation not
l~ for profit in favor of First National Bank of Fort Pierce dated
~ January 15, 1979 and recorded in O.R.Book 302 at Page 586 of the ,
Public Records of St. Lucie County, Florida in the original principal
14 amount of $30,000.00.
1
1
1
i
,t
,1
~'COUided ~lw2lys, that if said mortgagor shall pay unto said mortgagee the certain promis-
t
i
•j sory note hereinafter substantially copied or identified, to-urif:
j
1^,•e'-z• Her*. ite. rhrx•pM Na,tWe ~ Meat`tY laataHmsars laias.•.• tx=!..•:.•t; SEMINOLE FORM ~7
4 iVl orb ~ ~ ; r ,~rw~~•
~ s _ 30 r 000.0.0 Fort Pierce , Flonc!a December 13 tv 79
FOR YAIUE RECEIVED tte urrders~9rw t perm, r t tc t• to thr• ,'r.i.y ref
CHURCH OF C}}RIST OF FORT PIL•'RCE, FLORIDA, a corporation not for
profit.
a;,><,p,l win of Thirty Thousand and No/One-Hundredths - - - - - l•~Ilars
i '
~ topNtroer w•!h rnlmest thereon at are rste of 10 • 5 ,er csr•r p.•.. n•,rm frcm th1S date
~ unAl malwdy, bplh prmCPit Md rntr`r2'f f'•r ^ sv.~p•. l.• ^rl r~,~r.•. t !h^ 'r•+ ~i d~ a were r• n •1 a rn.~ •le •r. ~ lr•,Ic-. -
180 equal monthly payments of $331.62 with the first payment to commence one
month from the date of this Note and a like sum on the corresponding day of ea 1•
like succeeding period thereafter until the entire principal balance is paid irk
(full. The makers hereof reserve the right of prepayment in whole or in part at•~
any time without penalty.
Such installment payment:. shalt be applied fast to the interest accru•nq under the terms of the note a•rd then Io a rr!dudron of the prmvpal rndeWednr•ss
The makers and endorsee o1 thrs Wore furrh~r aQre!• to warve d•'mand, notice of non-payment and protest. acrd ro the event su•1 shall b~ brought ter the
colkchon hereoF- or the same has to be c.~iterred upon e;en, and of an anr~me,. to pav reasonable ••norncv s fxs ter ma?ing such coliectran All payments here-
ur•d!r shall bear interest at the rate of 10.5 perc:.nt prr a„r,.:m from rr,,twr!r until pa,d. Thfs note rs secured by a mortgage of even catt• herewrih and rs to j
tk construed and enforced according fo the laa+s of the irate of Flor nn de(~ult u• the Daymc•nt of p•rncrpsl red: or interest when .1.,e, the whole- aura al `
prrnCpal and interest remarnmg unpaid >hall, a• optron of the holders c.•aome rmmc•3w:cly due and parable. Failure to elrMUSe this optron shad not conslrtule
a warve, of the ngM to elceruss the same m the event of subsequent defauit
Payable st P.O• BOX 14 •SEAL?
- liam E. Teschner
Ft. Pierce, FL• 33450 s[~l.
{ tSEAI) ~
or such other place as shall Ix a ~ C@ H. TeSC r 1
desrgrraled by the holder of this
E nose rn wnfrng. EAII
i
i
sr}oK c~G~ ra~~.545