HomeMy WebLinkAbout1116 ~o have and to Mold Ilre same, futletlte•r u~ilh the tenements. ltereclitunteufs and uppurle
nnnces tlu•reto helungin!I. and Ihe rt•?tfs, issues cutcl profits thereof. unto Ihe mortgagee, in fee simple. !
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nd the murtrtayor c-ot•rnanls with the mortguftee Thal flee mortgagor is indefeasibly seized of said ~
Gtrul in fee siruple: that the mortgagor has good right and lawful authority to convey said land as afore- i
said; that the ntorlga}tor will malre such further assurances to perfect Ihe fee simple tine to said land in the
morfyaitee as may reasonably be required; that the mortgagor hereby fully warrants the title to said land
anri will defend the Same agalnat the lautful claims of all persons whomsoever; and that said land is free j
and char of ell encumbrances r
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~routded Always, that if said mortgagor shall pay unto snid mortgagee the certain promis- ~
agcy note ltereina(ter substantially copied or identified, to-wit:
INSTALLMENT NOTE
February _15 _ 1980
s 7 $l U 0 0_.. Q9 _ _ _ _ _ _ _ _ Fort Pierce, Florida, _ _ _ _ _ _ _ _ _ _ ,
For value received we, jointly and severally, as prinicipa) promise to pay without defalcation to the order
of__JOHN L. LESTER and RUTH W. LESTER, his wife
at the office of said payee in Fort Pierce, Florida, the sum of
f
__----Seventy-Five_Thousand ($75,_000.00) and no/100---------__ _ DOLLARS,
yearly ,
with interest from date at the rate of_ _11_ _ _ _ _96 per annum, in ]a7o7ctbfy installments, payable as follows, to-wit:
and 29/100 Dollars, plus interest,
Tin Thousat~d_ Seven_ Nundred_Fourteen~~, on the _ 15 _ _ day of _ Fehruax-y_ 1981_ _ _ '
Fourteen and 29/100 Dollars, plus interest, ear
and TP..c1.791ous?~--Seven-Nuridred_~ $$~i, on ~ Fcb.lS ~gcof Path succeeding ~t>s[ofbcthere- '
after until the whole sum named is fully paid- This riDte cannot be prepaid during year of Closing.
Each installment first shall be applied in payment of the interest and then on the unpaid balance of the principal sum. N default
;s made in the payment of any installme~tt when due, then, at the option of the payee aU the remaining installments shall become due and
payable at once. Priv;Iege is given to pay two o+ mae installments at any Ytrne. '
Should it become nccessery to co;lcct this note through an attorney, either of us, v?hethe? maker, surety or indorser on this rote
hereby ogress to pay all costs of collection, including • reasonable attorrtey's fee_
The makers, suret;es and indorsers hereof severally waive presentment, protest and nonce of protest for nonpayment of this note
end agree that the tame of its maturity may be extended before or after maturity and do further se.erally agree to any renewal thereof before
or after maturity, w;thout rot;ce of them.
- - David- -Pfalz - (SEAL)
(b _ _ _ State documentary
stamps attached to original - - - -Mary--Pf~~z` - " -l~Al)
note and cancelled)
- - Leslie Pfa1z --(SEAL)
- - - - - - - - - _ (sEa~)
Frances Pfalz
r;It~K327 ~~~~~1115 .