HomeMy WebLinkAbout1038 LL__.... L~,J ~ 1 it, i
>~Ye ~ ~ 1W~ the some, together with f~a tenements, ~lltredifamenis and appurle• ~
naflCPS Iherelo belo?Igi?Ig, and the rents, issues and profits Ihereaj, unto the moNgagee, in jee simple. ~
the morlgdgar rnvdhants with the mortgagee that the mortgagor b indejeasi6ly seised of said
land in jee simple: That the mortgagor has good right and lawful authority to conusy said land as ajon-
said: that the mortgagor will make such further assurances to perfect the jee simple title to said land in the
mortgagee as may reasonably be required: that the mwlgagor hereby fully warrants the title to said land
and will defend the same against the lawful claims of all persons whomsoever: and that :aid land u fee
and clear of all encumbrances
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EXCEPT wort a e iven to The Lomas and Nettleton Company, as recorded in
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O.R. Book 237, beginning on Page 85, as assigned to Beneficial Mutual
Savings Bank, as recorded in O.R. Book 238, beginning on Page 2124,
~ both of the Public Records of St. Lucie County, Florida.
EXCEPT taxes subsequent to December 31, 1979.
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~COUI~ ~IUlUJS, that if said mortgagor shall pay unto sold mortgagee the certain promis-
sory note hereinafter substnntially copied or identified, to-wit:
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FORM 101 PROMISSORY NOTE
S 13, 300.00 Port St. lucie Florida May 23 19 80
FOR VALUE RECEIVED, the undersigned jointly and severally promise (s) to pay to the order of
NORMAN POWELL and JOYCE POWELL, his wife,
Port St. Lucie Bank Account #235 725 20
at P.O. Box 4381, Port St. Lucie, Florida 33452
or at such place as.the holder(s) of this note may designate in writing the principal sum of
--THIRTEEN THOUSAND THREE HUNDRED and no/100------------------------------- DOLLARS
together with interest thereon from May 23, 7980 at the rate of 12 per annum on the
unpaid balance until paid. PAYABLE AS FOLLOWS: In equal monthly installments of $144.03,
which includes interest, with the first payment due on the 23r~ay of June, 1980, and
continuing on the same-day of each month thereafter until May 23 1985, on which said
date the entire unpaid principal balance and any and all accrued interest becomes due and
Fayable. Each such monthly payment shall be applied first to the payment of interest on
*ne unpaid balance then to the payment of principal. The privilege of making payments in
advance of the due dates without penalty is retained by the maker.
It default be made in the payment of any installment under this note, and if such default is not made
good within 1S days after due date the entire principal sum and accrued
I interest shall at once become due and payable without notice at the option of the folder(s) of this note. Failure
to exercise this option shall not constitute a v?~aiver of the right to exercise the same at a later time for the same
default or for any subseyucnt default. In the ev:nt of defaults in the payment of this note, and it the same is
placed in the hands of an attorney at law for collection. the undersigned hereby agree(s) to pay all costs of collec-
tion including a reasonable attorney's fee. Presentment, protest an notice are hereby v?•aived.
_ (SEAL)
S LT
(SEAL}
i CAROL A. L
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(SEAL)
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(SEAL)
~ MIOSTATE LEGAL SUPPLY CO. -ORLANDO, FLORIDA
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