HomeMy WebLinkAbout2037 >riAV~ ~ W the same, togethe? with the :teMmenfs, her+~ditalnents and appurte-
nances]t~h,~ere~to belonging. and the rents. issues and pro/its thereof, `ahto'the morfg~ee; to fee simple.
n11Y the mortgagor covenants with the mortgagee that the mortgagor is ind~/eattbly seized of said
land in fee simple: that the mortgagor has good right and lawful authoritp to convey said land as a/ore-
said : thot the mortgagor will malre such /anther assurances to pent
sd the fee simple title to said land In the
mortgagee as racy reasonably be required: that the mortgagor hereby fully wan+anb the title to sold land
and will defend the same against the lawful claims of all persons whomsoever: and that sold Land 4 frw
and clear of all encumbrances
~V~ ~lwnys, that i f said mortgagor shall pay unto said mortgagee the certain promb-
sory note hereinafter substantially copied or identif
led, to-wit:
i
AMOUNT LOCATION i -DATE
(s 5,000.00 I Part St. Rude. Florida MAY 19 1990
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to pay to -
MAX DAVID6CN
or order, in the manner hereinafter specified, the principal wm of
-----------------FIVE TliD~I~ID and lib/100------------ : ls5 000 00 1
With interest from date at the rate of 12 1/2 per cent, per annum on the bolap~~or~, tir~g tQ Y~me remaining npaid. Thg said principal
and interest shall be payable in lawful money of the United States of America at ((}7U6~ 1V• KedT.1.e -~tF• ~4,[0,~/
or at such place as may hereafter be designated by written notice from the holder to~he`marc~~ hereo~sdate and in d~f 1'fnl~ner fdlowirq:
Principal and interest is payable in equal installments as follows:
Begirming June 19, 1980 the sum of $112.49 and the sa®e amount on the same day
of each month in each year thereafter until the entire principal sum of $5,000.00
together with interest as Herein provided has been paid in full.
All payments are to be applied first to interest at the rate specified hexein upon -
the prindpal sum of $5,000.00 or too muds thereof as may from time to time rennin
t.a'tpaid and the bal,anoe of. each 1 be applied to prindpal. -
The makers of this Note hereby r ri.g}~t of prepaymelt in whole or in part
at any time without penalty.
I
E
The tax required by Section 201, of the Flora tatut and- roper
stamps have been affixed to the gage which es 8a by
this Note. ~ -
This note with interest is secured by a mortgage on real estate, of even date herewith, made by th er hereof in favor of the
said payee, and shall be construed and enforced according to the laws of the State of F1Crrida he terms of said mortgage
are by this reference made a part hereof.
} If default be made in the payment of any of the wms or interest mentioned herein or in said gage, or in the performance
of any of the agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of the
i holder hereof become at once due and collectible without notice, time being of the essence; and said principal wm and accrued interest shall
both bear interest from wch time until paid at the highest rate allowable under the laws of the State of Florida failure
t to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any wbseq<rent default.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and patios
of dishonor and agrees to pay all costs, including a rsasonsbk attorney's fee, whether wit be brought or not, if, after maturity of this note
or defwlt hereunder, or under said mortgage, counsel shall be employed to collect this note or to protect the security of said mortgage.
Wherever used here in file terms 'holder', 'maker' and 'psyee' shall be construed in the singular or plural ss the conUxt msy
~ require or admit.
MAKER'S ADDRESS -
1804 S.E. Iafayette l1~ n ~
Stuart, Flodda 33494 BGOK ~1 PIGEL:I/. ~ ~I ' ~
l -
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