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~'o due and to ~ioid fhe same, together wish the tertemenfs, hareditamenla and appurte- '
rtances thereto 6elortging. and the rents, tasuea and profits thereof, unto the mortgages, In fee atmple.
the mortgagor covenants wish fhe mortgagee that the mortgagor is indejeasi6ly seized of said
land to fee simple: that the mortgagor has good right and lnwjul authority to rnnvey said !seed a ajoro- F
said; that the mortgagor will make such further asatuartcea to perfect the jge atmpls tltle to said land in the
mortgagee as may reasonably be required; that the mortgagor hereby fully warrants the title to aafd land '
and will defend the same against the law/ul claims of all persons whomsoever; and that said land is /?ee
and clear o/ all encumbrances subject to taxes for the calendar year 1980 and
subsequent years.
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~~rouided ~iwayS, that ij said m¦ortgagorr alto!! pay unto acid mortgagee the certain promia-
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MORTGAGE NOTE ~ RAMCO FORM 31 -
x 40,000.00 Stuart ~ .Florid..
January 2p - . 19 80
FUR t'ALUE RECEIVED, the undersigned, (jointly and sc~•crally, if more than one) promises to pay to
HUGH f ~Nr,LER and Rl1TH W ENGLER, His Wife -
, or order, in the tnantter hereinafter specified,
the principal st:m of -----Forty thousand exactly----- ~ /100 DOLLARS
t s40, 000.00 )with interne [rom date at the rate of 1 Q, Q per cent. per annum on the balance from time w tune t'eataitting unpaid.
The said principal and interest shall be payable is law[ul money of the United States of America at 3073 PrUI tt Rodd, Port $t
Lucie, Florida 33452 or at such place as may heri•aftcr be designated by written notice from the holder to the maker hereof, on ~
~h~ date and in the manner following: in 59 equal monthly instalilrients of .$351.03 each, the first payment
commencing on or before the 20th day of February 1980 and continuing on or before the 20th ~
day of each month thereafter for a-period o,~ fiv (5~ years or no later than the 20th day "
of December 1984. On ar before the 20th day,, of ~anuary 1985 the entire unpaid principal ,
balance together with all accrued interest thereals'shall be due and payable as a balloon
payment. Payments shall first be applied to,accrued interest; the balance to principal,
This note may be prepaid in full or in part-fit any time without penalty.
LATE PAYMENT CHARGE: An ~
y payment not paid within ten (10) days of the due date shall be ,
subject to a late payment penalty__of SM~of the amount of the monthly payment in arrears.
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This note with interest is secured by a mortgage "on real estate, of even date herewith, made by the maker hercol is favor of the said
payee, and shall be corutrued and enforced according to the laws of the State of Fbrida.
If default be made in the payment of any of the sums or interest mentioned herein or in said ttw or in the rformattce of
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any of the agreements conuiaed herein or in said mortgage, then the entire principal sum sad accrutd interest shall at the option of the
holder hereof become at once ~ue and collectible without ttotiee, time "being of the essence; and said principal sum and accrued interc:t
shall both bear interest from such time until paid at the highest rate albwabk under the laws of the State of Fbrida. Faitwe to exercise ;
this option shaft not corotitute a waiver of the right to exercise the name in the event of any subtxqueat default.
Earh person liable h~rcoqq~ whether maker or endorser, hereby wai~•es presentment, protest, notice Rotiee of protest sad notice o[ dis• R
hs~nor and aRrn-s to pay all costk, inrluding a rrasonabk attorney's fee, whether suit br brouKht or not, ir, alter maturity of this note or default
hereunder, or under said t mrtgage, counsel shall he entpbyed to collc.•t this note or to protect the security of said mortgage. .
Whenever used here fhe terms "ho}8er", "maker" and "payee" shall be cons ed i the tar or plural as the context may
require or admit.
Maker's Address - - - • ................................................(SEAL)
o as' "oc ~ e
3081 Pruitt Road . ...........(sEAL)
Port St Lucie, Florida 33452 Susan Slockbower
rt..t .
8ti~ JrGO tAGE Vl~
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