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HomeMy WebLinkAbout0297 • r ~a ~tue :ittD to ~iolD the same, together with the tenements, hereditament~s and appur- tenances, unto the said Mortgagee in fee-simple. ,~1ttD said Mortgagor does covenant with said Mortgagee that said Mortgagor is inde fea- sibly seized of said land in fee simple; that the said Mortgagor has full power and lawful right to convey said land in fee simple •as ajoresaid• that it shall be lawful ~or said Mortg~ee at all times peaceably and quietly to enter upon, hold, occupy and-enjoy said land; that said land is free from all encumbrances: that said Mortgagor will make such ffurther assurances to per fet:t the I~ simple title to said land in said Mortgagee as may reasonably be required; and that said Mortgagor does hereby fully warrant the title to said land and will defend the same against the lawful claims of all persons whomsoever. ~robiDeD :ilfn:i~s, that if said Mortgagor shall pa unto the said Mortgagee the certain promissory note, of which the following in words and figures Tisza true copy, to wit: , ~N Illil • ~/OfZT~Ca6 - Lys T U T ti l A N % wa~nw~ v. a ~w~. Nns• , `ri~l~1 ~vr+?= uw ?iwr ~.wn r~ ~rwr~. ve w+w i 800.00 Fort Pierce " March 19 . l9 80 FOR VALUE RECEIVED, the undersigr?ed, (jointly and sevnaUy, i( more than one) promises to pay to NETTIE REASOR, formerly known aS NETTIE R. D6ATLEY . or order, in the tnatcner hrreinaftcr spcctfud, the principal sum of Eight Hundred ~I00 DOLLAR-S 8 ~ ~ ~ ~ ~ )with interese from date at the rate of 11 ~ per cent. per annum on the lulance (rom time co rime remaining unpaid. The said principal and itueresc shall be payable in lawful money oI the United States of America ac Fort Pierce r C, l~,X !O~ ~ Florida or ~ such P~ ~ asay hereafter be desigaaccd by written ctocice [rom the holder to fire maker hereof, on the date and is the matwer Iollowing: 532.00 per month beginning on April 1, 1980, and oh the first day of each month thereafter until all principal and interest is paid in full. Bu~•er shall have the right to prepay without penalty at any time in whole or in part. Makers individually and personally guarantee the payment of the above said sum. . 4 This note with interest is secured by a mortgage on real estate, of even dace herewith, made by the maker hereof in favor of the said t wree. ~ sluff ~ construed and enforced according to the laws of the Scare of Fbrida. The terms of uid mortgage are by this reference made a pare hereof. If defauk be made in the paymcat of any of the sums or inaresc mentioned. herein or in said mortgage, or in the performance of any e( the agrnments eonained herein or in said mortgage, then flu entire principal sum and accrued interesi shall at the option of the holder hereof become ac once due and eoUeaibk without notice, nme being of flee essence; and said principal sum and accrued interest shall both bear interest from such time until paid at the highest rare allowable under the laws of the State of Florida. Failure to .exercise this option shall not eonsticuce a waiver of the right to exercise the same in the event of any subsequent default. Each person Wbk hereon whether maker or endorser, hereby waives presentment, praest, notice, notice of protest and notice of dishonor and agrees to pay all costs, including a reasotubk attorney's fee, whether suit be brought or nor, i(, after maturity of this note or default hereunder, a under uid mortgage, counsel shall be employed to collect this note or co protect the security of said mortgage. Whctuvcr used herein the corms "holder", "tnakci ' and "payee" shall be construed in the singular or plural as the conceit tray ' require a admit. Maker's Address (SEAL) PF~tRY SI~iEr JR. 1601 Citrus Avenue (SEAL) Fort Pierce, Florida (SEAL) _ ,rt-.. and shall perform, comply with and abide by each and every the stipulations, agreements, conditions and covenants of save promissory note and of this deed, then this deed and the estate i I hereby created shall cease and be null and void. t ,~1tta the said Mortgagor hereby eouenants and agrees: J 1. To pay al! and singular the principal and interest and other sums of money payable by virtue of said promissory note and this deed, or either, promptly on the days respectively the same severally come due. 2. To pay all and singular the taxes, assessments, levies, labilities, obligations and encum- brances of every nature on said described property each and every, and tf the same be not promptly paid the said Mortgagee may at any tome pay the same without waiving or affecting the option to foreclose or any right hereunder, and every payment so made shall bear interest ~ ' from the date thereof at the rate of ~'X}Ci~l(1K~'X~K#}fElQ'K highest rate of - interest allowed by the laws of the State of Florida.