HomeMy WebLinkAbout1837 . f r ~ •
I~ i~ ~{~IV[ ~ ~ the samo. togethK with tho tersea?enls, .hsredilanunb ond appuMe-
I nanns Iheroto belonging, and the r+snb, isiuss and profits fhenvj. unto fhe nrortgagse. in j~s aMrple.
fhs mortgagor rnaenants with fhe mortgagee that tht mortgagur is indejeaslblr seised o! said
land t.r jre simplo: that the mortgagor has good rtg~t and lawful authority to convey said land a ajon-
said: that fhe mortgagor wtU matte such further ouunare~~ts to per/ect the jet simple tttb to said land to the
. mortgagee as may r+aasonably bt .tqutnd: that .the sortgagor htnby /ally w~an+s?fb the titb eo said land
and will defend the snort against the law/ul chime of all perrons wlwmioewrt and that said land is j?ee
and clear of all encumbrances except a S Fi e r e i n stated . -
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~p~'~ded ~5, . that ij :air? ~A~ na~? untq ,aid rrwregao« th• osrtlatn w+owb-
sory nett he?einajter substantially copied or identified. to-wit: -
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. 00 ~ Vero Beach, Florida January 24 , , Iq 80
4 For. Value received, the undersigned jointly and severally promise to pay to the order of ~ i
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--H. R. HOLMAN and MYRTLE P. HOLMAN, his wife=----------------=--~- .
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at `.s P. .O. Box 698, Vero Beach, Florida 32960-------------------------------=------
t}1et~iof_~HREE HUNDRED TWENTY-SIX THOIiSAND ANQ NO~1Q0---------Dollars
.withinterest after date at the rate of ten (a 0~) per cent per annum. -
Principal and interest shall be payable in the following manna:: _ _
The~princi~al°.indebt~edness evidenced hereby shall be payable in
II: nine (9) equal and consecuti-ve annual- installments of Twenty-One -
Thousand Seven~.Hundred Fifty Dollars (521,750.00) each, beginning
' on,January 24,-1981, and a tenth (10th) and last annual installment
of:~One Hundred Thirty Thousand Two Hundred Fifty Dollars (130,250.00)
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~payable on January 24=1990, To each annttal installment of principal
shall ,be-added interest at the-.rate-specified herein. -
Pre nts ma be made at an times and in a amounts without
Pie Y Y ny penalty. Ail payments
shall tie applied first to accnied interest and then to principal. .
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~ ~ If any payment is not made in full when due, the entire unpaid principal and accru_
Ed interest,
less any unearned interest and any interest in. excess of the maximum allowed by law and any re-
I. bates required. by~ law, shall at the option of the holder become immediately due and payable with-
out notice. Failure to exercise the option shall not.. constitute a waiver of the subsequent right to
exercise it. ` - , -
Each of us, whether maker, surety, guarantor or indorser, severally waives presentment, demand
~ for payment, protest, notice of protest and notice of dishonor; ccnsents that this note or any part of
I it may, from time to time, be extended or rcneveed wittwut rwtice for any period (whether or not
longer than the original period of this note); agrees that the exchange, release, surrender or sale of ~ -
all or any real or personal property or collates{ that may be giveh to secure the repayment of this note i
shall not release o- discharge any party obligated on this note; agrees that :he release of any party
liable upon or in respect of this note shall not release any. other such party; and agrees to pay, in
the event of a default, all costs and expenses incurred in the collection of this note including attorneys' -
feec equal to i0 per cent of the principal sum or such larger amount as may be reasonable and just
and also those costs, expenses and attorneys' fees incurred i appellate proceedings.
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