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HomeMy WebLinkAbout0474 .1 30 ~iaue and to ~otd the same. loge){ter with the tenements, hereditumenls and appurfe nances fhemfo belonging, and the rents, issues and profits fhereo/, unto the mortgagee, in fee simple. ]<l~ f{te mortgagor covenants with the mortgagee that the mortgagor is Indefeasibly seized of said land in fee simple: that the mortgagor ha: good right and lawful authority to convey said Innd as aforo- said: that the mortgagor will make such further assurances to perfect the fee simple title to said land in the mortgagee as may reasonably 6e required: that the mortgagor hereby fully warrants the title to said land _ and will defend the same against the lawful clnima of all persons whomsoever: and that said land is free and Ilea. of all encumbrances excepting taxes accruing subsequent to December 31, 1979. I 1 ~COUlded IigWayS, t{tnt if :aid mortgagor ahaU pay unto sold mareyapee the certain prosttb- aory note hereinafter substantially rnpied or identtfled, to-wit: Muwrowac won s 43,000.00 - ~ Fort Pierce , ll„r,,, tom ~ FUIt VALUE RECEIVED, the uaderaigned~ (tu~nuy and overalls, :t more than one) prom?ses to pay to ROBERT D. SWEET and VIRGINIA SWEET, hiS wife , or order, in the manner hereinatte? spe~itie~l, the principal auto of FORTY THREE THOUSAND and -------------------------------------np /100 DoLLAIt~ 43,000.00) with interut trap date at the rated 14 per cent. per annum on the balance Iron time to timc remaining unpaid 'The said principal and intemt shall be payable in lawful moots of the United States of America at 1401 } Sl atervi 11 a Road Ithica, NY 14850 0. at weh lace as may hereafter be d.•s~rnated p by written notice from the holder to the maker her.•ul, ..n Ihr date and in the manner tolbwring: Face Amount of this Note and Mortgage payable, with interest thereon from date, 'i at the rate of fourteen percent (14X) per annum, in the following manner: ~ Interest payable quarterly with the first principal ~ payment due and payable twelve months from date hereof i in the amount of x15,000.00. Second principal payment due and payable twenty-four months from date hereof, in the amount of x15,000.00. Final payment of entire balance of principal due and payable thirty-six months from date hereof. Mortgagor reserves the right of prepayment without penalty. This note with interest is secured by a mortgage on real estate, of even date herewrith, made hY the maker hereo[ in savor nt the sa..l payee. and shall be corutrued and entorctd according to the lawn of the State of Fbrida. The terms of said mortgage are by this retrrrnrr made a part hereof. 5 it default be madt in the payment of any of the sums or interest mentioned herein or in raid mortgage a in the pertormanee ..f any of the agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at thr option nt tl~. holder hereo( become at once due and tolkctible without notice. time txing of the essences and said principal sum and arcru•d interr.• shall both bear interne from such time until paid at the highest rate allowable under the laws of the State ut FMrida Fadurc to nerru• this option shag not constitute a waiver of the right so ~s:ercise the same in the event of any wbsequent default. Each person liable hereon whether maker or endorser, hcreoy waisrs presentment. protest, notice notice of protest and notice of dn- ? honor and agrees to pay all cosu, including a reasonable attorney's fee, whether suit be brought or not. ire steer maturity of chi, note or deiault hereunder. or under uid mortgage counsel shag be empbytd to collect this note a to protect the security of said moRgage. Whenever used herein the: terms "holder°~ "maker" and "payee^ shall be eonatrtsed in the singular a plural as the contest mar require or admit. Makers Address " _ ..................(SI:AL? lJR I1V~•1MtONE X333 pA~E 474 .(SEAL, Canfi el d M d . j. .ITV- PbYN~ i• dl a Street--NaZei ng., E ssex•.•.-...•._•. . _ (E L, S A , ' -ENr'~:AN.~ . (SEA I. , ~ .