HomeMy WebLinkAbout0240 ~o ~tve ~d to Mold the same, together with the tenements, hereditaments and apptsrte-
i rtnncesjl~herefo hNlonltinn, anal the reels, issues and projils thereof, unto the mortgages, to fee simple.
gi~ the mortgagor cotrertanfs with the mortgagee that the morlgagw is indefeasibly seised of snid
land in fee simple: !feat thA mortgagor has good right and lawful authorit-y to convey said land as aJore-
~ said: that the mortgagor will malts sucl? further assurnnces to perfect the fee sirrtpls titlra to said litrtd to the
i mortgagee as may reasonably 6e required; that the mortgagor hereby Jolly warrants the tttle to said land
and will defend the same agninst the lawful claim: of all persons whornsoauer; and that said land is J?ee
and clear of all encttmbronces .
'
,l
r
~COU~ded 71iW~ysr that iJ said mortgagor shall pay unto said mortgagee the certain prom4-
1~ sory note hereinafter substantially copied or identified, Io-wit:
j) -
jl
s _150.x.00000 Fort P3~.g»._. Fto.ida.........March. -21 80----
- 19..
FOR YAtttE RECEIVED tM wdersigewd prwnites to pay to !tea order of
_ .............._..._.SUNBURS.T....SER~1C~----C4~4~iATION.,....a. Florida....Corporation........._.
she i- ne Hundred Fifty Thousand and no/100 - - - -
prnaps) sum of.....Q_......-•-•-----»..»...» ................._.......,1.............»...... ~ ........Dollars (S15.O.,.O.QQ.,.00. 1.
together with ieMarost fleereors Eau date, at the rate d
...................1,~..-Q...... ..»_par caM, Par......... annum............. ....wail matwity, said interest
bung payable.-----SEE BELOW ~ .
...............a+ the..--..-... daY of..- . _.......-...and.......... _ - _
each year; bah pincipal and interest being payable in lawful nrwney of the United States a its equivalent, at 1600. S-.....,Federal Hwy,.
Fort Pierce, Florida 33450 p.incipal sum to be
_ psyabk on the dales and in the amounts specified below, to-wit:
Interest being payable quarterly, commencing on the day of
1980, and on the day of every third month there-
after until the principal sum is paid in full, said principal
sum shall be payable in one lump sum in two (2) years from the
date of-this note, or on demand, whichever shall occur last.
Privilege is given to pre-pay this obligation in full without
E
penalty. ~ •
i i C~
? Each maker and endorser severely waives demand, protest and notice d maturity, nor?paymsM p protest and aM requirements seQes7~ry lo_hd~ aach,d[, -
t rhem Gable as makers and endorsers. = ' - G- L _
Each maker and endorser further agrees, IoiMty and severally, to pay all costs d edGeetion, includiesg a reasonable aMorrnay's fee=ia~rsi~ jherpsinppal d ; ~
- rhos note or any paYmenl on tM principal or any interest thereon is not paid at the respediw maturity thereof, or in case it becomes >?epsiatlc b-p(o~ijt tM ;
security hared. whether wit be brought a rat. - ~ , ~v ~ '
This note and deferred ins paymaMs shall bear interest at the rare of.....~..Y..r.~........per cent, per anrwm from maturity until pa
This nde is secured by a Zll'&~.......mortgage of even date herewith and is to be construed and enforced according to the to Itls Sfata d Ap?idar•f
upon default in fhe payment of principal ardfo? interest due on any note seared by said Mortgage, all notes so secwed and remaining ~-stet!! ioe~li~rith ~
become due an?d payable esotwithststd'ing their tenor. • , ~ ti . ~ ~sss`~
FERGUS DEVELOPMENT, INC. -
--(CORP.ORATE---.SEAL) a....F.~.Qr.~. .»...Co .por.....fon..... ..........__.-lsran
_ ~ ~U
~ . ~s.aq
B ~4°-C : ire' ~t-~ b •---P.re -~3ent.......
Y• -
I
i~
f'
i
~,2 ~ ~A~ ~~40
If i
to