HomeMy WebLinkAbout0803 j~ L~ J r - r
ll~Q ~0 'TW~1~ the same, luflelher with the tenelmlrtfs, hereditamenls a?td appurfe- i }
uances fhernfo Iselon~fing, aad the reels. issues and projifs Ihereoj, unto fh4 mortgagee, in jee simple.
~nd fhe mortgagor covenants with the mortgagee !hest the mortgagor is tndejeasi6ly seized of said {II
i~ la?td in jee s(mpls: thal the mortgagor has good right and lawful authority to convey said land as ajors-
said: that the mortgagor will make such. further assu?ances to perfect the fee simple Hfle fo said land in the
ij mortgagee as may ?c'asonahly 6e required: that the mortgagor he.e6y (ally warrants the title to said land
lj as??i will dejertd fhe same against the lawful claims of all perso?u whomsoever: and that said land is free
;f a?sd clear of all encumbrances accruing subsequent to December 31, 1979. ~
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~t'QU~ded ~~~ys, that ij said mortgagor shall pay unto said mortgagee the certain promts-
sory note hereinafter substantially copied or tdentijied. to-wit:
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MORTGAGE NOTE
S .20,000.00 Port St. Lucie , Flor;da
January 2 19 80
FOR VALUE RECEIVED, the undersigned, (jointly and sevrrall}•, if more than one) promius to pay to
ELMER A. MAPP and FLORENCE E. MAPP, his wife
, or ordu, in the manau hereinafter specified,
the principal sum of twenty khousand and NO/100 DOLLARS
(i 20,000.00) with iatcrest from date at the rate of 11 per cent. pe: annum oa the balance from time to time remaining unpaid.
T!he said principal aad interest shall be payable is lawful taoaey of the United States of Amerin at MCR SC m,~1101e~ Cd) h
3 3,S ~g or at such place as ma}• hereafter be designated by written nonce from the holder to the maker hereof, on J
the date and in the manner folbwing:
payable in one hundred and eighty (180) equal monthly installments of
two hundred twenty-seven dollars and thirty-two cents ($227.32) including
principal and interest. First payment commencing February 2, 1980 and
monthly thereafter until said principal and interest due thereon are
E fully paid. -
The maker reserves the right of prepayment at any time without penalty.
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~ This note with interest is secured by a mortgage on teal estate, of even date herewith, made by the maker hereol 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 is the payment of any of the. sums or interest mentioned bereia of in aid mortgage, or in .the performance of
` any of the a ements contained herein or in said mortgage, then the ene;n principal sum and accrued interest shall at the option of the
t holder hereof become at once due and collectible without notice, time being of the essence; and aid principal slues and accrued interest
;all both heir interest from such time until paid at the highest rate allowable undo the laws of the State of Fbrida. Failure to exercise
~ ±his option shall not constitute a waive of the right to exercise the same in the event of aay subsequcat default.
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Each person liable hereon whether maker or endorse, hueby waives presentment, protest, ttotice, notice of protest and notice of dis•
::^.onnr and agree to pay all torts, including a rcasonablc attorney's fee, whether suit be brought or not, if, after maturity of this note or default
r.crcundu, or under satd mortgage, wunsel shall be employed to collect this note or to protect the security of said mortgage. .
Whenever used herein the terms "holder", "maker" and "payee" :hail nstrued in the singulu o plural as the context may
r: quire or admit.
Makei s Address b ,.(SEAL)
S J Y B
F.O. Box 4161, Ft. Pierce, Fla. 33450 - • ...................................•-------•-••----•----.......-(SEAL)
RUTN B. SCHWAB
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164 B~nne~dDrive, Ft. Pierce, FL 33452 f~~7's~
r per y a ress
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