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HomeMy WebLinkAbout0842 - ~ - t; l • ~ ~ r A ~ ~0 ~ W the anme, f ether wilh the tenemenl~~t " L t o8 hvreditamen~i and appurte- ?ta?tcesjt~h,,pr~eio belonging, and the rents. issues and projils thsreoj, unto the mortgag«, in je. simple. ><i1i1~ the mortgagor covenants wish the mortgagee that eery mortgagor is tndejeasibly aetzed o) said land in lee simple; that the mortgagor has good right and lawful authority to rnnewy said land as ajore- said: that the mortgagor will males stuh'/nrther a:stu~ancei to perjirct fhv lee simple title to raid la?td in the mortgagee as may reasonably be requirod: that the mortgagor hereby fully wanwtb the title to satd laced and urtll defend the same against the lawful claims of all p.rsoro whomsoever: and that said land it jr+se and clear o/ all encumbrances • except that certain mortgage given to Walter R. Dorsey and Alice - R. Dorsey, his wife, recorded in ©fficial Records Book 297, Page 396 of the Public Records of St. Lucie County, Florida; and except that Agreement recorded in Official Records Book 221, Page 588 of the Public Records of St. Lucie County, Florida. ~ ~V~ ~wnys, -that ij said meet a t>r shall g g pay unto said mortgagee the curtain promb- spry note hereinafter substantially e:+opied or identified, to-wit: rYri1 i4, . ;y 8J0 FOR ~'A1.L'E RECE[l-ED, the ,.nr?rsigned, (y~intly and severally, if :nary than one) promses to paa• to , GAROLD W. LEWIS AND JO ANN LEWIS, h,is wife , or order, in the manner hcreinaher specified, the principal sum of ONE HU2vDP.ED FORTY EIGHT THOUSAND EIGHT HUNDRED AP7D ,NO~loo DOLLARS 148, 80Q. Q(}.ith interest from date at the rate of 9~. per «nt. per annumbn the balance from time to time remaining unpaid. The said principal and interest shall be payable in lawful money of the LTnitrd States of America at or at such place as may- hen•after be desiSnated by written notice frc,m the holder to the maker hereof, on the date and in the manner follor.ing: Interest only, monthly, through 1980. Beginning January 5, 1981, the sum of $1,387.03, including interest, shall become due and payable and a like amount shall be due on the 5th day of each and every month thereafter until entire principal and interest are fully paid on December 5, 2000. This mortgage shall not have the right of prepayment until after M.ay 14, 1985. This note with interest is secured by a mortgage on real estate, of teen date herewith, made by the nuker hereof in laver of the said payee, and shall be construed and enforced according to the taws of the State of Florida. If default be rr:ade in the pa;-rrent of an}- of the sums or interest mentiontd herein or in said rnortga¢e, or in the ptrforrnance of any of the agreements contained herein or in slid mert¢age, then the entire principal sum and accrued interest shall at the option o! rise holder hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest shall both bear interest from such time until paid at the highest rate allowable under the 1aw•s of the State of Florida. Failure to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default, Each person liable hereon whether realer or endorser, hereby waives presentment, protest, notice, Holies of protest and notice of dis- honor and agrees to pa}• all costs, including a reasonable attorney's fee, whether suit be brought or not, if, after maturit}• of this note or de[ault hereunder, or under said mortgage, counsel shall be employed to collect this note or to protect the ucurity of said mortgage. N'hcnever used herein the teams "holder", "maker" and "pa}-ce" shall construed in th singular or plural as the context tnay require or admit. Baler's Address •------..(SEAL) Ross 'Y-u 345 Weatherby Road -----------..(sEA Ft. Pierce, FL 33450 p~ _ _ ~sE:~L) BOflI( PAGE - - - - - ...-................(SEAL) ri`__ ~ - viz.