HomeMy WebLinkAbout0843 i~
IIji
j ~ ti
f( asr~Vt ~ W ~~IL fhs snme, fogellter with the fertemenls. heredtlamenls and appu?fe-
nancrs]]I~~herefo belonging, and the rents, issue: and proJifs ihe?eoj, unto the mortgages, in fee simple.
ffin~ fife mortgagor rnvenartls with the mortgagee flea! the mortgagor is indefeasibly aefted of said
land~in fee simple: that the mortgagor has good right and lawful authorlfl? to convey sold land a: ajo»-
said; that the mortgagor u•lll make such further assurances fo perfect Ihs fee simple tfils fo said land tn- Ihs
mortgagee as may reasonably be required ; that the mortgagor herby fully watmnts the title to said land
and will defend the same against the lawful claims of all persons whomsoever; and flint :aid land is free
and clear of all encumbrances
t
i -
t
(1
~COV~ded always, that lj said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
t
f
I~
a
s 1.9...Q.OQ...0.0 Ft . Pierce ~tor;~_ .October.....2................... ~9 80._ ~ -
f'OR VALUE RKEIVEd the utrdersigrted promises ro p.y to the order of -
QSCAR-..T.-,-.MAIN.--and--,MILDRED L. TtAIN his wife
the pincipal sum of....:~Iin.~.~
~.~~1 Thous and & N o,~ 100 - - - - - - - - - - - - - - - - - - - - oopar ( ~ . 1
s 9 000 00
together with interest Thereon kola daH, at the rate ol..........-......_...~.~.........-.-.-„---......per card, per annum - ....until ma111rify, ssd interest ~
t
bung payable.. See_•.belOW ...-_..on the. .....__...-......day of
- . and
_ f
each year; both principal and interest being payable in lawful money of the United States or its epuivalenl, al Sn8 Pa? in Ave . ,
Ft. Pierce, FL 33450
_ .....said principal sum to be payable on the dales and in the amounts
specified bebw. to-wit- i
7fie principal sun of $19,000.00 shall be payable in monthly installments of. interest only at the
rate of 13% per anmm cc~amtertcing ale month from the date hereof and on the same day of each
succeeding month thereafter, until this obligation is paid in full, with principal being
payable in full five years from the date hereof.
Interest due under this note shall be adjusted on each yearly aimiversary date hereof_ to be equal
t to 1°f° above the interest rate then being paid an six month ~tmnev-market" certificates, rnovided,
however, the interest rate due hereunder shall never be less than 13°! nor shall it ever be more
than allaaed under Florida Usury Law.
This obligation cannot be asslmed without the prior written oansent of payees.
Z This obligation may be repaid raithout penalty
Each make. and endorser sererslly wa~~es demand. protest and no?~ce 61 ~wasurity. rwn-payment cr. p.ut. t ..~kt .1) ~equwem, r,ts nec«ssary to hold each d
i them liable ss makers and endorsers-
= Each maker and endorser fwther agrees, jointly and seaenHy, to s•.+y aN costs of cdlection, including a i.:.son.sble aNoriwy's fee in case the principal of
- this hole Or any payrnenl on life pincipal or any iMeresl Ihaeon ;s nut p,sid al the resp'c/iw malurdy thoread. or i/ becomes necessary to proleH the
security hereof, whether sail be bought or not. 1
This hole and deferred interest paynierrls shall bear irderesl at the rare ol...... 1.3............per c.~ril, ay .w,nem hom maturity until paid.
ibis role is seiwed try a t -..,.mortgage of even date lK•rew;th and is to be eonstriNed anrf ~~.f.KCed according to ilia Iswi of the Stale o/ ibrida:
upon default in the paymisrst of prmapa~ andlor interest due on any note secured by said Mptgege, all notes so secured and renia' - shall fpthw.th
become duP and payable isgtwilfrststwlirig ffieir Tenw. i ~ -
( p '
G.F../.`j'~„e ~ 5~-. _ ( all
Se
J liebert
_ . (5eati
c
,r
-sr s
~t ,
o t
t i
I
?~3~0 843 -
-
- .~.V << ~ - - - -