Loading...
HomeMy WebLinkAbout2631 • 1 I! .r ~o due and to ~iotd the same, together with the tenements, heredilamenls and appurte- nances thereto belonging, and the rents, issues and profits thereof, unto Ihe.mortgagee, in fse simple. the mortgagor covenants with the mortgagee that the mortgagor is indefeasibly seised of said land in fee simple; that the mortgagor has good right and lawful authority to convey said land as afore- said: that the mortgagor will matte such further assurances to perfect the fee simple title to said land in the mortgagee as may ?easonably 6e required ; that the mortgagor hereby jolly warrants the title to said land and will defend the same against the lawful claims of all persons whomsoever; and that sold land b free and clear of all encumbrances There is no prepayment penalty in regard to the Note secured by this Mortgage. Mortgagor has no right to sell or assign his rights, title or interest in this Mortgage. If Mortgagor assigns his right, title or interest in this Mortgage without the written consent of the Mortgagee, then the unpaid principal balance and accrued interest shall become all due and payable. ' ~COU~ded ~IU~UJS, that ij said mortgagor shall pay unto said mortgagee the certain promis- sory note hereinafter substantially copied or identified, tb-wit: j ..»..»».p' r~?.».i 1 2 8 ~a»» 8 For valua received, .1 or We. promise t7 pay to the order of ...........LEONARD D . COl`TWAY the principal sum of .....»FORTY...THOUSAND,--------.-.-,---.-.-.--.'.»».---.-.--~».'»'» ~ fifteen (15$ ~ 4 0 , 0 0 0.0 0 together with interest thereon from date at the rate of per cent par annum w?W ' maturity. said principal and interest being payable as follows: Five hundred dollars per month interest at the rate of fifteen percent f (15gb) per annum; the first payment being due and payable on or before October 28, 1980, and paymh tsTheerrincipaluand accrued~interest8a11 ~ day of each and every mon P due and payable on or before April 28, 1981. I I Each maker and endorser severally waives demand. protest and notice of maturity, non-payment or protest and all require- ments necessary to hold each o! them liable as makers sad endorsers. The maker agrees that ii any installment becomes ddinqucnt the holder has the option to demand payment of the ~rhole unpaid balance. ' r Each maker and endorser further agrees jointly and severally to pay all costs of collection, including a reasonable Attorney's fee in cos : the pr:ucipal of this note or any payment on the prin. ipal or any interest thereon is not paid at the sespectivs mates itY thereo:. or in case it becomes necessary W protect the security hereof, whether sui: ba brought or not. This note and deferred interest payments shall bear interest at :l-~c rate of .».18..». per cent per annum from maturity until paid. This note is secured by a mortgage of even date herewith and is to be conetrued and enforced according to the lawn of the State of Florida; upon default in the payment and/or interest due on any note secured by said mortgage. all notce so secured rrnd rett?aining unpaid shall forthwith become due and payaLle notwithstanding their tenor. r .....:~o~rris....Go: c~an.....».» .............».....»_..».....(SEAL) - (SEAL) .....Pearl..."r~on..» 3 s i I ~ II , W.