HomeMy WebLinkAbout0875 the same. faµ•Iher u~i1h the tyneme?tli. heredrfume??fs and appurle
~o ~iaue and to ~otd ~ 'Y
nun,-,•> Ilu•rrfu la•luurt,n,?. <uul the re?,1>. issues au,l prof ils Il,an•al, unto Ilry mortpapey. in f
ye simply.
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end the morlpapor covenants with thy morfpapye that the mortgagor is indejea,ibly sstred of said
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a! land in Jey simple: that the mortgagor has good right and lawful authority to convey said land a ajorr-
said; Ihaf the morfpapor t?fill make such further assurances to psrjyct Ihs fee simpb Nfb fo sold land in the
j! mortgapee as may reasonably be required; thnt the mortgagor heroby fully warrants the title to said land
ii a?ul will dyfe?rd thy gamy agalruf Ihs lawful claims of nil persons whomsoever: and that said land is free
~ and clear of all yrtcumbrancys except those taxes accruing subsequent to December 31 ,
ii 1979.
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~rou~ded ~tways, that i( said mortgagor shall pay unto sold mortgagee the certain pr+omis-
~I sory Holy hyyinaftyr substantially copied or idenUfisd, to-wit:
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MORTGAGE NOTE RAMCO FORM 63
Tallmadge Ohio
= 18,500.00 ~
July 23 , t9 80
FOR VALUE RECEIVED, the undersigned, (jointly and severalty, i[ more flan one) promises to pay to
BEATRICE S. MOTEL
- , or order, in the manner hereinafter specified,
the principsa sum of EIGHTEEN THOUSAND FIVE HUNDRED AND NO/100-----------------------iloo DOLLARS
(i 18,500.00 ) interat from date at tIu me aE 10 pu cent. per annum oa the balance tram time to time remaining unpaid,
sai ci and interest shall be payable in lawful money of We United States of America at 4624 Nest Estates. Ave. ,
~4~0~ ~o~; or at such Va as ma 6erearter be desi Hated b written notice from the bolder to the maker hereof, oa
nos 60646 p r g r
the date and in the manner following:
Both principal and interest due and payable in Twenty-four (24) equal monthly
installments of 5178.53 beginning September 1, 1980 and monthly thereafter up
to and including August 1, 1982. Also, on August 1, 1982, the remaining
principal balance of X17,855.67 plus interest will become due•and payable.
~ THE MAKERS RESERVE THE RIGHT OF PREPAYMENT AT ANY TIME NITHOUT PENALTY.
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This note with interat u secured by a mortgage on real estate. of even date herewith, made by the maker hereof is favor of the aid
payee, and shall be construed arrd enforced iccording to the laws of the State of Fbrida.
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If dcfault be made is the payment oI nay of the suau ar interest mentioned herein or in said mortgage, or in the performance of
any o[ the agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of the
v holder hereof become at once due and wUecubk without notice, time beinagg a[ the essence; and said principal sum and accrued interest
shall both bear interest from such time unu7 paid at the highest rate allowable under the laws of the State of Fbrida. Failure to exercise
i this option shall not constitute a waiver of the right to arercise the same in lire event of any subsequent default.
Farb person liable hereon whether maker or endorser, hueby waivq presentment, protest, notice notice a~[ protest and notice of dis-
honor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought air rat, il+, after maturity of this note or default
G hereunder, or under said mortgage, counsel shall be empbyed to eo t this note or to protect We security of said mortgage.
Whenever used buein the terms "holder", "maker" and "payee" shall be construed in the singular or plural as the context may
4 require or admit.
~ Makers Address ~s,~/CHARLES D. EMRICK .--------...(SEAL)
CHAtRES...p ~...EMRTCK
~ ~S(/ESTHER E. F1N .......................................(SEAL)
147 Minvood Dr. ESTHEIt~ ~M~tI~K _
Tallmadge, Ohio 44278 _
..(SEAL)
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(SEAL)
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