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HomeMy WebLinkAbout2766 i~ ~ _ I ~ "fi ~ ~0 ~ ~ IW~ the name, together with the tenemenb, hereditaments and appurte- nances]I~h,.ere~fo 6elongtng. and the roofs, issues and projfts ths?eoj, unto the mortgagee. in jee simple. nlNi the mortgagor covenants with the mortgagee that tke mortgagor is indefeasibly seized of said land in fee simple; that the mortgagor hat good right and bwful authority to convey said land as of ore- said; that the mortgagor will melee such further assurances to perfrct the fee simple title to said land !n the mortgagee as may reasonably- be required: that thi mortgagor hereby /idly warrants the title to sold land and u•tll defend the same against the lawful claims of all persona whomtoeve?; and that raid land y free and clear of all encumbrances, except taxes accruing subsequent to December 31, 1979. - ~ ~V~ R11fV~s that t said more ~ j gager shall pay unto said mortgagee the certain promis- sory note hereinaJte? tubstenttally copied o? 1denUjled. 1~-wit: . - - . _ _ - . - . - - - - - =L~STALL~[T'NOTB " - _ - . _ _ _ _ - - - - _ _ - - _ - - _ _ _ _ _ _ _ _ $125,000.00 _ ~ - _ _ - _ - ~ - - - - - - - Fort Piexce,: Florida ` . - _ ray 15 i9sa _ ~ - - Foi- value -received,. we, jointly and severally, as.- p=lncipal. "p=omise -to-= _ • pay withouE-defalcation- to the order- of il. R.- LAUGHON, AS- TRUSTSS=,`at 324 South - Federal_ HighWay_-,._ StuarC,- Florid,:: the- sue= of ONfi HUNDRBD :TWBtiTY-FIVI~ THOUSAND _ = = -and NO/100 ($125;000.00)- DOLLAR9-,--iritfi interest .from date_ at =t_he rage-= _of ~_12x -per- ~ _ _ • , -annum,- in _ _ - } _instalLierits, =payable as =follows, to=wit:. ~ • - - _ - - _ - _ - _ _ - - . - _ - . $I2, 500.00 DOt.I:ARS; plus- interest-; -oa- the- 5th days of• January, 1981; . . - . . - _ - 'f - _ ; - - $12; 500.00 DOLLARS;: plus interest, oa: the- Sth dag_ of- 7uly;..198I ~ and _ _ - . . f _ - - - $12,50.0.00 DOLI.ARS,_ plus- interest, every- _six (6} months _thereafter- _ _ : - - - until the -whole sue named - is- folly paid.- - - ~ - - - - - - - - _ - .finch _instaIlment-first shall be -applied 3n:paynent= o£- tfie- interest-and,- then--oa- = = - ~ - the- unpa-id balance of the _ principal_ sum._ _If d_ efault is _made =in the_payaent: of,~ _ _ - _ _ _ ~ any installment When due,. then; 'at the optfoq of the payee `all the-remaining ; - _ _ - ~ instaIlments-shall beco~se-due and-payable- at~ b>xce. - Privilege- is given== to prepay ` ~ - - this .indebtedness _in whole =or= ie part =anytime= subsequent- _to ,-January = `i; 1982, = _ ~ _ _ however, principal payments of up to $60, 000.00 may be made .during -calendar year _ , _ ` ~ 1981. - - - - - - ' - _ ~ - - - . - : ~ - - - Should it -'become- necessary -too- collect- this -note - through an-attorney;- either: of - = - _ us, whether maker, surety- or- indorser on this: note--hereby-: agicees _Lo _pay_ all _ . _ _ _ - - _ costs of collection,. including a reasonable -attorney's .fee. _ - ~ _ _ _ - -The makers, sureties. and= indorsers hereof :severally verve.- ptesentmept,_ protest _ - ~ G .and- notice of .protest: for_non-payment: of ibis _ note. and; agree -that the time of_ _ - - - its maturity.tray-=be extended. before or after maturity a_nd do .further severally:__:._: - agree to_ any renewal -thereof before or after --maturity, without notice. of thet$.- - ; = - ~ - _ - - - -=$T~~nita=fl~-=LoFrea~~----.-~sEAL); _ _ - - - = - - - - = - ~ - - - - - - - - _ - _ - - _ _ -ANIZA~M.- LOPRBST~ as~. Trustee - - - _ ~ _ = ($187 X50-State -Documentary ' _ - _ _ _ . _ _ _ _ _ . _ _ _ _ _ _ Stamps -attached- to original _ _ f_~~~ ~ 1 _ ` - _ - _ _ - 'note: and. cancelled) ~ _ - _ _ _ _ _ _ _ ~ = - - - - - - t R ~g'f-~-_ - s