HomeMy WebLinkAbout0634 ~o ~iaue and to ~totd the Same, together with the tenements,. hereditaments and appurfe-
trances 1he?eto hplort in and the rents, issues and
g 9. pro/ila thereo/, unto the mortgages, to /ee simple.
the mortgagor eovennnts with the mortgagee that the mortgagor is lndejeattbly seized o/ said
land in /ee simple: that the mortgagor hat goad right and bwjul authority to convey said bred as ajone-
snid: that the mortgagor will make such /urfher assur+anees to per/ect the /ee atmple title to said bred in the
mortgagee as may reasonably be required; that the mortgagor hereby /ully warrants the fish to said bred
and will de/end the same agatnat the law/ul cbims o/ all persons whomsoever: and that :aid bred is /tw
rend clear o/ all encumbnrnces
Collided ~twayS, that i/ said mortgagor shall pay unto snid martgagee the certain promis-
sory note hereina/ter substantially copied or identi/ied, to-wit:
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µ~,i;~~. !b. tiraab i ltMINOLE FORM ~7
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Mor~a~e Note
I; S 30,_000.00 -
e s Palm..-Beach.-, FI«~aa ..........................June....2T.............~9.. ~0
FOR VAIUE RKEIVEg the urdwsi9nei promises to pay ro the order of
J~.~~r3t...Wnkelm.~.,....D.D..S...,.....P...A...,---.~ploy>yea...Profit....Sh.ar..ing....Trus.t
the principal sum ol.....~~.~.rtr9..-.~.Q.u.9:R11d------.-.--..:..-.-.-.---.•=--•••--..:..-..-.----.--.--.--.- .....Dollsrs.
together .with interest thereon at the rate of......18~..------..per cent per annum ~rom........_.1L1t16---.27.,....1980.........
until nsaturilY, both principal and interest being payable in lawWl Money of the United States, such princ~al suer end interest payable in insta:lmenrs as follows=
Interest payments in the amount of $L~50.00 shall be payable monthly,
commencing July 27, 1980, and shall continue on~the 27th of each month
thereafter until June 27, 1982, at xhich time the principal balance
unpaid together xith accrued interest thereon shall be due and payable
in full. Maker may prepay any or all principal, provided that maker
~ shall pay 5~? of such prepayment as a penalty. A late charge of 5`~+ of
the payment rill be made on any payment 10 days late.
Such installment payanrrts shall be applied first to the interest scorning under the terms d Nris hole and then b a reduction d the principsl indebtedness.
Tire makers and endorsee of this note further agree to wsive demand, notice of nonpayment and protest, end in !M event suit shall be brought for the
collection hereof, or tM seine Irss to be oollpeued upon demand d sn attorney. to psy reasonable attorney's ices for waking such cdlection. Ap payments here-
I under shall bear interest at the rate oi.....1C1._..percasl per snmrm from nvturify wstil paid. This note is secured by a snorfyage d wen date herewith and is to
be construed and enforced seconding ro the bws of tIN State of Florids; upon defsuM in tM payment of principal and?or interest when due, tlse whole sum of
principal and interest remairrirg unpaid shall, of tM. option of the holders, Oecoase inunedislely due and paysble. Failure ro exercise this option shall not constitute
a waiver of the right to exercise tM same in tM event of subsequent deisuh. AMBRICAN DTVPLUPMENT, INC .
_ . .......ISEAL)
€ Payable at...Je~f~ry----k-i-ekelman-,---DDS-,....Trustee...... B3~.....-Frsnk---L~~Wood...-president
~ ..-c/o 2829 Okeechobee Blvd. .....................................................................................................(SEAL)
~ We-at-~~-Palm--Beach-; Florid-e ~~-3.3 -09~~
..........................fSEAL)
P a such other place as shall be - - - - -
} .1~.i~...E-. VIto~S~T ...Pt~~'s~ria1.1y
t designated by'~re holder of this ..(SEAL)
no!e in writing. -Marra --Ann...iliv-od;....Person-aY-iy........... .
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