HomeMy WebLinkAbout1613 ~V~ ~ t~ T1Y~R the some, together with the tenements, Irereditaments and apprnrte-
nances thereto l,Plon{ring, arrrl the ?enfs, Issues and profits Ihereoj, unto the mortgagee, In fee simple.
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the morlgnvor covenants with the mortgagee that the mortgagor is tndejeaalbly aetzed of said
land in fee simple; that the mortgagor has good right and lawful authority to convey aaid land oa ajon-
~i said: that the mortgagor will males such /urfher assurances to perfect the fee simple title to aaid land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the title to said land
I( aatcl will dejertd fh.S tame against the lawful claims of all persons whomsoever; and that aaid land is free
and clear of all encumbrances
EXCEPT: an existing first mortgage dated 12/17/74, recorded
8/6/75, in ORB 242/1415 of the Public Records of
St. Lucie County, Florida.
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~~'ti?V111rR 711Wt~Ss That ij :aid mortgagor shall pay unto said. mortgog« el~e• certain pro~rsia_
sory note Iterefnajter substantially copied or identified, to-wit:
i'it'tt.ltVl f 5~\.N~! 1 fit rn
~._t ~ , 1 S ~ _ 8 6 Fifkid ' 19-~0..
Miami,
'~:~R VALUE REGEIVED the undersignfxi, jointly and stav~eratty, promise to PAY TO THE ORDE OF
JOtIN F. BURNS
`':eprirtcipatsumoi____ NI:~F:Z':iE:11 THOUSAND ()tiff HUKDREU rIr'!'~' SFVEN still 86/10(1 DOLLARS
9 ,1 S ? . R b ) togett?er with the interest thereon from the date i ~ e r e o f
the rata of i g h t percent uer annum unfit maturity, act payable in lawful money of the United States of America.
~s ioli~ws: 'f'in equal annual Pa.~•ments of interest in the amount of One
t•uyan(1 Fi~•t: ihfndred Thirt;: Ttko and 63/100 (~1,53'.b3) Dollars-----------------
~i: comment i*tg or_e (i) year from tL•e date hereof ,
Six f b; equal annual i,ayzent s of nrinc spat and i nterc st ie the a:naiint
F~.ur Ttto~_sand one flttntlred I=art}• l~entr an(i 14/100 04,144.14) Dollars----------
~~h `ori.IT:cTtCif~g three t 3) }•ears from the data: hereof.
Tifis ~otc is exeeutid t~ithotrt .any personal liahiiitti• ran the I~;trt of
~e ~laker• and the i ayee, his successors, heirs and assigns I,~, his accei~t:ilico
roof, agues titan, in the event ai-a default in the payment of `.leis tiote, his -
i C r(:l;1Ctl~' shall be 1 lm>_ted to the SerL'rlty of the 1 ands cncumi~ered ill Islet t i%i%
the • 1'urchasc '•coney ~tortgagc souring this Kotc,
This date may be prepaid in full at any time and in Part at env time
l ~ r 1)eceerber 3i , 1U80 without Penal ty or hones and all ~repayinc:nts ells i 1 aptrl y
the next ensuing installment.
'!'l:is 4etc is scr.:tred by' a Purchase )tfone~ ~lortgagF~ of even date here- .
t;? ar.d shall tie contitrued in accorc:;tnce with its terms under the lattis of the
.payments shalt apply first to actrutd Interest, end the remainder, ff any, to reduction of principal. N any inst211ment of principal a
~ rest Is not paid when due. or upon any delauR in the performance of any of the covenants or agreements of this no.c, or of anal
. _~rumeM new or hereafter evidenci:~g or securing this note a the ob:igation represented hereby, !ha wtwta indebtedness (including
.~cipa! and interes!) remaining unpaid, shall, at the option of the holder, become immediately due, payable sod collectible. and while in
'sett, this rote and deferred interest shall beer interest at the rate of ~ ('I1 ~ 1 Q percent ~ annum.
.•:h maker and endorser severally waives dc:rand, pretest and nciice of malu?ity, nonpayment or protest and all requirements neces-
. ry to hold each of tt.em liable as makers and endors_rs. Each maker and endorser further agrees, jorntty and severally, to pay ap
ss al coilccticn, rnctuding reasoaaWe attorney fees in case the principal of this ate or any payment on the principal or any interest
•:.eon K trot ysid at the res,~ectwe maturity thereof, of in case it becomes necessary to protect the security lrereot, whether suit be t
aught or rot.
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er :uch other sap as shah be Qesigrtated by the troidK persona a 1 1 t y