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I 3~ 'NWe ~ W >1W~ the same, together with the tenems~tli; ~dttalitentt ,q1t~ appurte-
- v
nances thereto belonging, and the rents. issues and profits fhereo/. unto-Ihe Mortgagee, in fee simple.
flee mortgagor couenanta with the mortgagee that the mortgagor is indejeati6ly seized of raid
land to fee simple: that the mortgagor has good right and lawful authority to conusy said land as of
ore-
aaid: that the mortgagor will make ouch f
ttrther assurances to per/ect the /ee simpb title to said land in the
mortgagee as may' reasonably be required; that the mortgagor hereby fully wananb the title to acid land
and will defend the same against the lawful claims o/ all persons whomaoeuer; and that said land to /rse
and clear of al[ encumbrances except those taxes accruing subsequent to December 31,
1979.
~rDUtded ~~5, that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter aubafantially copied or identified, to-wit:
MORTGAGE NOTE RAMGO iORM 0.1
= 25,000.00 P~,~-.S~ .~e.~.~. , F>orida
- ~ , 19 so
FOR VALUE RECEIVED, the undersigned, (jointly and severally, i( more than one) promise, to pay to
KATHERINE MASTRIZZI
, or ordu, in the manner hereinafter specified,
the principal sum o[ TWENTY-FIVE THOUSAND DOLLARS AND NO/100-------------------------/lam DOLLARS -
~ = 2 5 , 000.00 l with intense from date at the rate of 10 per cent. per annum on the balance from time to time remaining unpaid.
The said princip~~ fat and interest shall be payable in lawful money of the United States of Amerin at C/~ I?'425 • r1 . C AI'1r) q/ZR ,3y5
,f ; ~1 ~ cuR~ s~OI~CwNr+1f t-t ~ or atJuch place u may hereafter be designated by written notice from the holder to the maker hereo'l, on
the date_ind in the manner folbwln~ / t ~S efi$
~I Both principal and interest due and payable in Sixty (60) equal monthly installments
j of b241.26 beginning October 30, 1980 and monthly thereafter up to and includingg
September 30, 1985. On October 30, 1985 the remaining principal balance of X22,450.24
plus interest will become due and payable.
THE MAKERS RESERVE THE RIGHT OF PREPAYMENT AT ANY TIME WITHOUT PENALTY.
~'r
This note with interest is secured br a mortgage on real estate. of even date herewith. made br the maker hereof in favor of the uid
payee, and shall be construed and enforced according to the laws of the State of Fbrida.
It default be made in the patrneat o[ any of the sums or interest mentioned herein or in said mortgage, or in the performance of
any of the a~reemenu contained herein or in said mortgage, then the enwe principal sum and acuucd interest shall at the option of the
holder hereof become at once due and collectible without notice, time being of the esxnce; and said principal sum and accrued interest
Thal) both bear interest from such time until paid at the highest rate allowable under the laws of the State of Fbrida. Failure to exercise
this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default.
) Each person liable hereon whether maker or endorser, hueby waives presentment, protest, novice notice of protest and notice of dis-
honor and agree to pay all cosh, including a reasonable attorney's fee, whether suit be brought or not, ij, after tnaturit of this note or default
hcreundu, or undo saed aeortgage, counsel shall be empbyed to collect this note or to protect the security of sai~ mortgage.
Whenever used herein the terms "holdu", "maker" and "payee" sha be nstru in the singular or plural as the context may
require or admit. ~~~-C,
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A~taker's Addrtu
L~U -J. •BA~NO I
.............................(SEAL)
MJIRY-' -BI~RA KL.....
1380 Palm Beach Drive, South Port St. Lucie, (SEAL)
FC ----334.52------------------------------------------------------ - - • - •
- 8001( PdGE •
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