HomeMy WebLinkAbout0743 . ~ ~3
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l~ ~e ~ W iW~ the same, fogelher with the tenements, hereditamvnls and appurte-
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~ nances]f~h,~pre~to Gelonging, and the ?onts, issues and projib Ihereoj. unto fh~ mortgages. in /e~ simple.
the mortgagor rnvenanfs with the mortgagee that the mortgagor b indefectibly ieized of said
land in /ee simple: that the mortgagor has good right and lawful authority to rnnvey said land as afon-
I said: that the mortgagor will make such further assurances !o perfect the fee simple tttb to Bald land in the
~ mortgagee as may reasonably be- required: that the mortgagor herby fully warrants the titb to said Land
anci a?ill defend Clio same against fho lawful claims of alI penotut whomsoever; and thnt said land L free
i and clear of all encumbrances t~s aoen~ing subsequent to Dev~ber 31, 1978
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~ ar shall cause to be paid
_ ~~V~~ ~~yss that f j said mortgagor ahaU pay/unto said mortgagee the certain prom4-
~ ~ sory note hereinafter substnrttially copied or identified, to-wit: Promissory .note Of Barry W.
~ Irwin and Patricia Irwin to Earl R. Lendon and Eva R. Lendon, his wi e,
• in the original principal amount of $15,975.00 dated August 19, 1974
bearing interest at the rate of 8$ per annum payable in ten consec-
utive annual installments~of principal in•the amount of $1,597.50
each plus accrued interest with the first such payment due on July 1,
1975. Said promissory note has a current outstanding balance of
• j $6,390 principal plus interest .accrued from July 1,•1979
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(Subordination provision continued) .
for the purpose of constructing .a dwelling on the above-described
III land. or to any renewal, modification, consolidation, replacement or
I mortgage given to refinance such obligation so long as the Lender
i ! refinancing is a bank, federal savings and loan association, licens
t mortgage company, real estate investment trust or an insurance
company licensed to do business in the State of Florida. This sub-
! ordination shill be self-operative and no further instrument or
subordination shall be required. Mortgagee shall, nevertheless,
execute and deliver,~from time to time, such instruments and certi-
I ficates confirming this subordination as Mortgagor may reasonably
;j request. i
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