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HomeMy WebLinkAbout2220 . ~ i t ~o Piave and to ~iotd the same, together with the feneme?tts, hereditamenls and appu.te- ~ nances thereto hplon~ting, a~d the rents, issues and profits fhereoj, unto the mwigngee, in fee simple. end the mortgagor covenants with the mortgages that the mortgagor u tndejeasi6ly seized o/ said land in /ee simple: that the mortgagor has good right and law/uI authority to convey said land a afon- i~ said: that the mortgagor will make such /urther assu?ancYS to per/pet fits fee simple title to said land to !hs mortgagee ns may reasonaGly 6e required: that the mortgagor hereby /ally warrants the title to said land II grits will defend the same against the law/uI claims of all penons whomsoever: and that said Ia?td k jree and clear of all encumbrances , except taxes accruingrisubsequent to December 31, 1979. I i ~ • ~COV~ded Ii~Ways~ that if said mortgagor shall pay unto said mortgagee the ce?tntn promts- sory Hots hereinafter substantially rnpied or identified, to-wit: MORTSAO[ NOT[ RAMCO FORM Q.1 Phillpsburg, New Jersey i 3, 000.00 April 22 ~ I9 80 FOR VALUE RECEIVED, the undersisned, (jointly and severally, it more than one) promises to pay to {~T. JAY HORNS ~ KATHRYN T. HORNS, his wife , or order, in the manna hereinafter specified, the psindpsd sum ~ THREE THOUSAND AND NO/100---------------------------------------100 DOLLARS (i 3,000.00 ) interat from date at the sate of 12 per cent. per amum on the balzotx from time to time remaining unpaid. The said principal and interest shall be payable in lawful money of the United States of America at -Box 647 Greenwood, S. C. ! 29646 or at such place u may hereafter be designated by written notice from the holder to the maker hereof, on the date and in the manner [oUowing: Payable in Two annual payments of $1,500.00, plus interest ' due thereon. The first annual payment due April 10, 1981 and the final payment due April 10, 1982. i € The makers reserve the right of prepayment of any time without penalty. ~ This note with interest is secured a mort by gage on real state, of even date herewith, made by the makes bereo[ in favor o[ the said payee, and shall be corutrued and enforced accordins to the laws of the State o[ Florida. z I[ default be made in the payment o[ gay of the sums or interest mentioned bereia or in said mortgase, or in the performance of any of the a~reemenu contained herein or in said mortgage, then the entire principal sum and acvued interest shall at the option of the holder hereo[ become at once due and oolkcu'bk without notice, time beinngg of the essence; and said ~incipal sum and accrued interest shall both bear interest from rudt time unW paid at the hiaheat me alkrwabk under the laws of the State o[ Fbrida. Failure to exercise , this option shall sat comtitute a waive of the nght to exercise the same in the event of any subsequent default. Each petwn liable hereon whether maker or endorser, hereby waives presentment, protest, notice notice of protest and notice o[ disc ~ honor and aart:a to pay all costs, including a reasonable attorney's fee, whether ruirbe brousbt or not, i/, after matunty of this note or default hereunder, or under said mortgase, counsel shall be empbyed to collect this note or w protect the security of said mortgase. Whenever used herein the terms "bolder", "maker" and "payee" shall be construed in the ainaular or plural as the context may regdire or admit. Maker's Addrea /S/ DAVID P. SISCO ......(SEAL) r David P. Sisco 142 Lock Street BUT)Ei..SIS~O .........................................................'.........---(SEAL) /s/ Ruth Sisco r ..........._phillipsbur~z.. N~...J'..... 08865 ........(SEAL) BooK~1 PdGE~17 ................................................................................._........._..._....(SEAL) r