HomeMy WebLinkAbout1309 i
i0 ]ZAp~ ~ t0 IW~ fhs same, together with fh• ten.menfs, h.redifamenls and appurfe-
' rsances Iherelo l?elongirig, and ihs rents, issues and profits thereof. unto the mortgagN. in fee atmple.
I the mortgagor covenonts with the mortgagee that the mortgagor u indejeasi6ly seized of said
land in fee simple: that the mortgagor has good right and lnwjul authorifr to convey sold laid as ajon-
soid; that the mortgogor will make such further assonances fo perfect the fee simple itlb to said Ia,id in the
~ mortgagee as may reasonably be required; that the mortgagor hereby fully wa?ranls the title fo said Inrid I
grid will defend the same against the lawful claims of all persons whomsoever: rend that said land is free
and clear of all encumbrances except taxes accruing subsequent to
December 31, 1979.
II
~r0uided ~IUnyS~ that ij said mortgagor shall prey unto said mortgagee the certain promis-
spry note hereinafter su6stantinlly copied or idsnfijied. fo-wit:
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Jl_„c•!t.)r` -~~r •,~rt ~r• 1%.•K~t.~L~+~1?•.1~.~K~.•+l% !Q7.~.1% •tir.•!k•.r%A~ ~a(?.~+~t'.~+U!.•~r.•~ .C~~.1`!~1~..t:'i,~t:'
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:8,000 :00 Port _St.-.Lucie-».......Florida,.,~~~~1' .._'_..»..._».1980...
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~ ~pr ~~IIP ~Ztt: M1Tta the undersigned jointly and sewraNy promises to pay to the order '~r?~~~
~ I3EK-_11SSOCIATES PROFIT. SHARING PLAN_
,f IM prtricipsl sum of EIGHT»~HOUSAND_-AND_.NO,(100.--~ .DoNars(Z 8~OQQ-:-QQ--------» J.~
' - ~ together with interest thereon from date st the rate ol._..16 $ .....................per cent. per smuin until mNurity,
" said interest being payable monthly on the See .Below _....._...day of each and every nanth both principal
.
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and interest being payable in Iawhd money of the United Stales at..~,.7.4Q..-~e~4~!!~4~'~-_~Qd~
Dad ton f . Oh io» . 4 5 414 -------------------------------------------•----------........-----........_...--------------.._...----Florida, '~?f
or at such other place as the Holder hereof may designate in writing. Principal and interest payable in itistaM- ~'t~
~ nients of. See Below Dollars, (s-
! = each on ffie. day of each and every month, beginning on the .-.._._»-_------day of_•-•---_-..»..__._....»..,~se•
' 19_.._--., and continuing until said principal and interest have been paid. Each instaHmsnt payment shs~l be
~ ~ credited first on the interest then dw; and tfie remainder on principal; and interest shah thereupon cease upon
, the priritipal so rxedited.
Amortization of the within Note shall be in equal semi-annual
.j; installments of $1,333.33, plus interest on the outstanding balance x~
of indebtedness at the above mentioned rate so that the entire debt Wiz.
a shall be fully due and payable within three (3) years from the date x~'y
o hereof, reserving unto the Maker the right to prepay all or any x,.-
portion of the above indebtedness at any time without penalty. ~j,
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' * Each makes and endorser severally waives demand, prdest and notice o! maturity, non-payment or protest and ant re• ~
J%c remenls necessary to hold each d tlieni liable as makers and endorsers. x,
~ ~ Each maker and endorser further agues, jointly and severally, to pay a~ costs d collection, including a reasonable atlor•
nay s fee in case the principal of this note a any payment on the principal_a any interest thereon is not paid at the respective
~ ~ eiaturity tMreof, or in use it becoeies necessary to proles the security tiered, whe?her suit be brou9N or not.
This note and deferred interest payments shah bear interest st the role d 16$ per cent. per anrxxn from malurify ~
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- udil paid. s~,'~
~ This nols is secured by a first mortgage d even date herewith and is to be construed and enforced according to the laws ?L,;
of she Slate d Fkrida; upon default in tM payment of principal and for interest when dw, the whole swn d principal and ~,.y
interest remaining unpaid shall, st the option d the holder, become immedia ely dw a gable ~'L!~
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~ Stair o (Seen ~L.r
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