HomeMy WebLinkAbout2185 ~ x~
r1~ i
~o ~iaue and to ~iotd the same, together with the tenements, heredifamenls and appu?te-
nances thereto belonging, and the rents, Issues and prof
its thereof , unto the mortgagee, in fee simple.
the mortgagor covenants with the mortgagee that the mortgagor is indefeasibly seized of said
land in fee simple; that the mortgagor has good right and lawful authority to convey said land a ajora-
said: Ihal the mortgagor will make such further assurances to perfect the fee simple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warmnts the title to said land
acid will defend the same against the lawful claims of all persons whomsoever: and that said land is j1ee
and clear o/ all encumbronces except taxes for the year 1980
always, that ij said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
1
$ 25,4oa.ao PROMISSORY NOTE stuart , Florida
May 19. ~ ~ 19 80
FOR VALUE RECEIVED, the undersigned, jointly and-severally,
-PROMISE' TO PAY to the opcder Of HENRY T. POWERS and LILY ANN WOOD
the Sum O TWENTY IVE THOUSAND FOZIR HURDRED and no 100 _ -
DOI+LARS ~ ~ 25 , 400.00 • ~ r at 100 -A rhea ant Run Drive Ft . Pierce Florida, ~ -
334so - , or such o er p ace- as e o er ereo may _
designate n writing, together with interest from date at the Yate
of ELEVEN percent _ ( ii.oo .per -annum on the unpaid balance
unti aaturity. The sai principal and interest shall bed and
payable as followss ~ ~ - -
In Ten (10) annual installments of $2,40:00 each pl ac ~ er ~ .
cou~encing on the 19th day of May, 1981, and contin th day bf -
each succeeding year thereafter until the entire indeb dress has been paid:~~~
. In any event, the balance of principal, -if any remaining unpaid, together
with accrued interest, shall be due and payable on the 19th day of May,-1990.--
i ~ - -
.THIS NOTE IS SECURED BY A PURCHASE MONEY MORZGAGE RECORDED IN ST. LUCIE COUNTY,
FLORIDA.
Prepayments-, in full or in part, may be made at any time, without _
penalty. If default be made for thirty days in the payment. of
any installment of principal or interest or any part thereof,- the
~ whole sum then remaining unpaid, with interest, shall, at holder's .
option, become due and payable without notice. Failure to
exercise such option shall not constitute a waiver of the right_to
exercise the same in the event of subsequent default. After
maturity, both principal and accrued interest shall bear interest
at ELEVEN percent ( il.os per annum until paid. .The
makers and endorsers of this note further waive demand, notice of
non-payment and protest. If this note is not paid at maturity and
x the same is placed with an attorney for collection, the makers and
endorsers hereof agree to pay all costs of collection, which shall
.include costs, expenses and attorneys' fees on appeal.
_
FloAda Douimentary Stamp: in the sum of s."~
have been affined to the taortgage and cancelled. ~ (SEAL
ROBERT F. McROBERTS, JR.
~SEALj
- a~ 331 P~cE 2182 ~ c SEAL,
T