HomeMy WebLinkAbout1070 - - _ a _ _ _ _ _ _ - - -
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I ~0 ~t ~ ~ ~l{l the same, t ether with the tenement:, keredttamenis acid appurte-
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nances thereto belonging, and the rents. issues and profits thereof, unto the mortgagee. In fee simple.
the mortgagor covenants with the mortgagee that the mortgagor b indefensibly seized o/ said
land in' fee simple; shat the mortgagor has good right and lawful authorittr to convey sold Land as afo~+e-
said: that the mortgagor will make such further assurances to perfect the fee simple title to antd Land in the
mortgagee as may reasonably be required; that the mortgagor hereby /uUy warronb the title to said land
and will defend the cams against the lawful clalnu o/ all psnor~s~~oww~tNr: and thot sold !nr?d u /ree .
and clear o/ all encumbrances except taxes SubSequQnt t0;-Q~cember 31, 1979, and'
that certain mortgage recorded in OPPicial Record Book 260, page 1608, St.
Lucie County, Florida, Public Records to-Sun Bank of Fort Pierce, Which mortgagor
herein assumes and agrees to pay.
~V~ ~U~S, that if sold mortgagor shall pay unto said mortgagee the rennin promis-
1 sory note hereinafter substantially rnpied or .identified, to-wit:
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$ 14,100.00 PROMISSORY NOTE stuart , Florida
February 27 , 1980
FOR VALUE RECEIVED, the undersigned, jointly and severally,
PROMISE TO _PAY to the order of x_ PERONA
the sum of URTEEN
DOLLARS 14.100.00 r a t
X3450 , or such other p ace as the o der hereo may
.designate in writing, together .with interest from date at the rate
of -twelve percent ( 12$ per annum on the unpaid balance
unti maturity. The sal principal and interest shall be-due and
f payable as follows:
In 22 payments as follows: 21 equal monthly payments of $145.00 including
principal and interest commencing on the 27th day of March, 1980, and con-
tinuing on the 27th day of each succeeding month thereafter until the 22nd
payment, which is a BALLOON PAYMENT, in the approximate principal balance=-
of $14,007.06 plus accrued interest. Each installment shall first be applied
in payment of the interest and then on the unpaid balance of principal.
Final payment to be made on December 3, 1981.
Prepayments, in full or in part, may be made at any time, without
penalty. If default be made for -30- days in the payment of
any installment of principal or interest or any part thereof, the
l whole sum then remaining unpaid, with interest, shall, at holder's
option, become due and payable without notice. Failure to
~ exercise such option shall not constitute a waiver of the right to
exercise the-same in the event of subsequent default. After
naturity, both principal and accrued interest shall bear interest
at twelve percent ( 12$ per annum until paid. The
makers and endorsers of this note further waive demand, notice of
non-payment and protest. If this note is not paid at maturity and
the sane is placed with an attorney for collection, the makers and
endorsers hereof agree to pay all costs of collection, which shall
include costs, expenses and attorneys' fees on appeal.
`~..V PJit~~I~ ~ v 5 (SEAL )
O
B RT F. McROBERTS, JR.
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