HomeMy WebLinkAbout0145 ~o due and to Mold the same, IagPfher with fhs Mnemenfa. heredifumenfs and appl/rIP- !
11a?IfPS]fhP/Pf0 belO/Iglllg, and fhP rents, ISSIIPS and proflls IhPreof, Unto the mortgagee, in fPP simple.
><i~ flle mortgagor' col~Pna?Its u~ilh IhP mortgagee Iha! the mortgagor is indP/Pa:i6ly seized of said
land in f
PP simple; Ihat the mortgagor has good right and lawful al/fhority to rnnuey said Iu/ld as afore-
said; Ihat 1hP mortgagor will make such further assurances to perfect the fee simple title to said land in the
mortgagee as may reasonably 6e nzquired; Thal the mortgagor hereby fully wnrranta the title fo said land
a?Id will defend the same against the law/ul claims of all persona whomsoever: and that snid land is free
and clear of all encumbrances , except taxes accruing subsequent to December
31, 1979.
ceded always, Ihat if said mortgagor shall pay unto snid mortgagee the certain promL-
sory note hereinafter substantially copied or identified, fo-wit:
~ 15 , 000.00 -Fort Pierce, Florida June S 19 80
' FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
FLORIDA BANK AT FT. PIERCE
FIFTEEN THOUSAND APID NO/100--------------------------------------- DOLLARS,
at 501 Orange Avenue , Fort Pierce , Florida 33450 or such other place as
the holder hereof may designate in writing, together with interest from date at the rate of 15.5 ,
per centum per annum, on the un aid balance until maturity. The said principal and interest shall be
ciue and payable in sixty (60~ equal monthly instalments of T'wo Hundred Fifteen -
and 10/100 Dollars ($215.10) [principal and interest], the first of said
monthly instalments to commence one (1) month from the date of this note with
a balloon payment of Thirteen Thousand Two Hundred Fifty-one and 84/100
Dollars ($13,251.84), including principal and interest, becoming due on
3uly -1985.
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A late payment charge of $10.76 all be added to each instalment remaining
unpaid seven (7) days after its ue date, and a like sum shall be added to
each such instalment remaining un aid seven (7) days after each succeeding
payment date.
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€ If default be made for th'~days i e payment of any installment of principal or interest or
any part thereof. -the hole sum then re fining unpaid with interest shall at holder's option become
due and payable with ut notice. Fail to exercise such option shall not constitute a waiver of the
right to exercis the a in the s~ve of subsequent default. After maturity both principal and accur-
ed interest steal bear i terest at per centum per annum until paid. The makers and endorsers
of this note furl er w the demand notice of non-payment and protest. If this note is not paid at matur-
ity and the same ' laced with n attorney for collection, the makers and endorsers hereof agree to pay
'all costa of collection, includin all court costs and reasonable alto fees.
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(SEAL) 1
_ BOOK c)c33 PeGE 14~ - (SEAL)
(SEAL)
(SEAL)