HomeMy WebLinkAbout0395 ~o ~aue and to ~otd the ,same, together with the lenemenlt., hKedttamvntt 4qd appwte-
nances thereto belonging. and the rents, issues and profits thereof, unto the mortgagee. to fee;simple.
the mortgagor covenants with the mortgagee iha! the mortgagor sa indeJeastbly seised of said _
land in jee simple; that the mortgagor has good right and lawful-authority to-convs~r-aatd-land ai afore-
said: that the mortgagor will make such further assurances to perfect the jee simple ails to~sald land in the
mortgagee as mQy reaaonably be required; that the mortgagor hereby fully warrants the title to said land
and will defend the same ogninst the lawful claims of all persons whomsoever: and that said land is free
and clear o/ all encumbrances
~V~ ~twayS, that lj said mortgagor shall pay unto sold mortgagee the certain promb-
sory note hereinafter substantially copied or identified, to-wit: '
$ 33, 000.00 PROMISSORY- NOTE ~~~+Q~/ , New York _
"S~ iv ti 1980
FOR VALUE Rf;CEIVED, the undersigned, jointly and severally,
PROMISE TO PAY to the order of JOSEPH C. DRAPER and ELIZABETH J.
DRAPER, his wife, the sum of THIRTY THREE THOUSAND AND 00/100
DOLLARS ($33,000.00), at 265 S.W. Cherry Hill Road, Port St. ,
Lucie, Florida 33452, or such other place as the holder hereof may
designate in writing, together with interest from date at the rate
of twelve percent (12$) per annum on the unpaid balance until
maturity. The said principal and interest shall be due and
payable as follows:
In 299 monthly installments of $347.57'each,~including principal
and interest, commencing on the 16th day of August, 1980, and
~ continuing on the 16th day of each successive month thereafter,
until the 16th day of July, 2005, at which time the entire balance
of principal plus accrued interest shall be`"due and payable in
~ full.
i
Prepayments, in full or in part, may be made at aDy time, without
penalty. If default be made for thirty (30) days in the payment _
of any installment of principal or interest or any part thereof,
the whole sum then remaining unpaid, with interest, shall, at
E holder's option, become due and payable without 'notice. Failure
~ to exercise such option shall not constitute a waiver of the right
~ to exercise the same in the event of subsequent default. After
maturity, both principal and accrued interest shall bear interest
at twelve percent {12$) per annum until paid. The makers and
endorsers of this note further waive demand, notice of non-payment
and protest. If this note is not paid at maturity and the same is
placed with an attorney for collection, the makers and endorsers
hereof agree to pay all costs of collection, which shall include
costs, expenses and attorneys' fees on appeal.
r~~ a_
LaMARSHfMILLS COMPANY, a Partnershi~00Kc,1~+~ PAGE 394 -
f BY: h~ BY: h~
GERALD W. LaMARSH, Partner EDWARD D. MILLS, Partner
I
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