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HomeMy WebLinkAbout0228 ~o ~iaue and tv ~iotd Ilrr sanu~. together with the tenements, heredituments and appurle names Iherelo helun~lin~l, and the rents, issues and profits thereof, unto the mortgagee, to fee simple. ~ nn,Y, zed o said Iilld the mortgagor covenants with the mortgagee tha! the mortgagor is indefeasibly sei f ~I land in fee simple: that the mortgagor has good right and lawful authority to convey said land as afore- ~ 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 tills to said land a?ul will defe?rd the same against the lawful claims of all persons whomsoever; and that said land is free n?rd clear o/ all encumbrances except current year taxes, and restrictions, reservations easetaents and covenants of record, if any, and as otherwise noted herein. I ~I _ II ~l'OUided ~iways, that if said mortgagor shall pay unto said mortgagee the certain promis- sory note hereinafter substantially copied or identified, to-wit: MORTGAGE NOTE AMOUNT LOCATION DATE s 29,250.00 Ft. Pierce, Florida December 27 197 FOR VALUE RECEIVED, the undersigned, (lointly and severally, if more than one) promises to pay to HARRY T. MORRISSETT and LILY L. MORRISSETT, his wife 2441 S.E. Isaac Road-Port St. Lucie, Florida 33452 or order, in the manner hereinaher specified, the principal wm of ' Twenty-Nine Thousand Two Hundred Fifty and No/100 IS 29,250.00) V1,'ith interest from date at the rate of 11.000llper 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. Pieroe, 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 k on January 27, 1980, the sum oP =286.69, and the same amount on the same day of each month, in each year thereafter, until the entire principal sum of X29250.00 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 I principal sum of X29250.00, or so much thereof, as may from time to time remain tutpaid and the balance of each payment shall be ap ed. principal. - This note is prepayable in whole or in part a time without penalty. A late charge of 4X will be adjied on~.the aym nt due if payment is not made within ten (10) days after due date of i4tstallm THE TAX REQUIREb BY SECTION 201. 8 OF THE FLORI A STATUTES HAS BEEN PAID AND PROPER STAMPS HAVE BEEN AFFIXED TO THE MO E WHICH SECURES THE OBLIGATIONS EVIDENCED BY THIS NOTE. 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, i If default be made in the payment of any of the wms or interest mentioned herein or in said mortgage, or in the performance i ~ 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 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 to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent 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 costs, including a reasonable attorney's fee, whether wit be brought or not, if, after maturity of this note or default hereunder, or under said mortgsge, counsel shall be employed to collect this note or to protect the sec~~rity of said mortgage. Wherever used here in the terms 'holder', 'maker' and 'payee' shall be construed in the sing~rlar or plural as the context may require oc admiL MAKER'S ADDRESS t 8110K ~ PdGE a ALPH~GUDEMA/N~ a N~'rR i/(ILU~G Cl~~ DIANA Y GL'DEMAN~,K_.