HomeMy WebLinkAbout0283 1 - - - . . _ . -
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it t ~ ~ ~d the tame. together with the tene.~tenls, h.reditamente apptirte- !
nances thereto 6.bngtng, and the renb. tuuea~ and prvjits thenojr onto Ilte mortgagse, an fee simple.
the ntoregogor covertanb with the mortgagee that the mortgagor V tndijea:iblr seised of sdd
land in fee simple:. that the mortgagor has good rtghe artd taljul nathority to cont?e~? sold land as afore- i
said: that the mortgagor will maTte tuck. further autuaruw to perj~et.the j.. sirnpb till. ro sold land in t?te
mortgagee as may reasonably bt requtnd: That t1?e marigagar hereby jull~t warr+attb the title to said load
- and will dejead the same ctgdrtst the lawful claims of nQ psnon,- whomsaetvr: and that said ler?d o j?+e
and- clear. of alI encumbrances except that Certain First Mortgage executed b~ -
Charles. H. White- and Anita Whiter -his wife in favor of Port 5t.-Lucie ,
Bank dated April 30,1979 and recorded in O._ R. Book 308,Page 750
of the Public Records of St.Lucie Count, Florida sn the original
principal amount of $33,000.00 and subject to that certain .Second
Mortgage executed by-Willard L. Bolton grid Associates, Series 1 -
Limited Partnership, a Florida L?atited Partnership in favor of
Charles H. White an*.l.Anita White ,his wife executed on December 28, .
1979 and recorded in O. R. Soak 323, Page 791~of the Public Records
of St.Lacie County, Florida in the original principal amount of
$5,933.15,- said mortgage being a ba3,loon second mortgage. .
I~ .~~~ti~~dt~d ~~u>• that Ij said mortgagor shall pnr unto said tttaregagee the certain ptomis-
~ gory note hereittajter sulutantially espied or identified. to-wit:
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~+en~.~. nag. ir. P+esr t'~a0t. i tAar~l Wwda-lesar~st LtteNQ - •EMINOL[ FORM it -
WRAPAROUND BALLOON PURCHASR MONEY ~ .
Mortgage Note
s 45, 000.00__ .Fort.. Pierce Flwu;a ..January . 1$.- . i~80
1 FOR VALUE RKEIVED Ilr urtdarsipe»! ponwses ro DaY eo t!N order d - _
WILLARD L.BOLTON AND ASSOCIATES,SERIES'1= LIMITED PARTNERSHIP _
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ti,a principle sum of . ~'orky.-f.ive .thousand and no/one-hundredths - - - - - _ . Ddhrs
this date
~ toyetter wNh irrerest the.aon at lire rsb oe ten. _ .oer cent par annwn ban - . _ ~
t` ~ :,..t~1 maturity, bo?h principal end rnlerest bain~ paYSble ~n Lewh.-1 Maur of lna U+wte1 States. such principal s,m and ~nte•est para5te •nsta~4nents as Ioilo.rs
~~0 equal monthly payments of $408.75 with the first payment to commence on
February 1,1980 and a like sum on the corresponding day of each like succeedin
period thereafter until Februar 1 1985 on which-date the entire remaining
prin~c~ipa~l_ balance s a come ue an papa _e in one BALLOON a ent. e
e
s~o
fFiis ote are u fy
susject to
t~ R~r~er to t e Mortgage securing -thi_
Note making this a Wraparound Mortgage Note. Any prepayment shall first be
applied to the First Mortgage and Note and thereafter-to the Second Mortgage ,
Sand Note and any remaining balance thereafter shall be-.paid to the holder.
Such installment paymaMS shall be applied first to the inlarsst actrump under the lermf of this nose and then to a redextion d the priex~al indebtedness.
ihs makers and endorsers d the Role twtlter spree to weiw demand, rtofees of non-paynwnt-and protest, next yr the o~reeM sut shall be brought fer tM -
collecteon heretol, a tt?e saeee has to b coHacted upon demand o/ an attorney, ro psY raasasable attorney s lees lo• making such collection. Ail paymeMS rare•
u^Aar shall bear imertst at Nte isle d ..teS..pertsnl per tnnum Goer. trsFx~y yettel ord. this rtoM u sewed by s marpaps of ewn dale herr«ith and is to
ba construed s-?d eniaud accordietiq to ilia laws of tM State o! Florida; upo., dalauN m the WYmattt of pr.e+eipst andJor aaetest sullen due, rM vrhole sum d
i parnapal and interest remaitinp unpad shah. st the option d tM holders. oat iatelY due and paYabla. fsihtre toe cise Nris c~Otion shall not cor:zt,tvrs
s waiver of the r.pM to etarcise the same in the event d sub;tgtie!tt efdauH.
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PaYatk a<... -.2 3.7.. S...E..1Terada .Avenue " ~ si:`
Port St.Lucae,i?lorida 33452: Daniel H.Lee .
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{ or such char plat! as stisil b. - rme 118 F .Lee 5: a -
Cssyesalad b11 tM to'de- d this
I note m vKetitl9, _ _
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800 ~4 2. - _ .