HomeMy WebLinkAbout1490 i
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~0 ]~Yt ~ W he same, f hereditaments and appurle-
1 ogether with the tenements.
names thereto belonging, artd the rents, Issues and profits thereo/, unto the mortgages. th /es simple.
the mortgagor covenant: with the mortgagee that the moNgagor is tndejeasibly seized o/ said
land in Jee simple; that the mortgagor has good right and lawful authority to convey raid land as ajon-
said: that the mortgagor will majee such /urther assurances to psrfeN the /ee simple fills to saki land in the
mortgagee as may reasonably be required : that the mortgagor heroby /oily wamanb the Nile to sold land
and uril! defend the same against the bwjul claims of all persons whomsoever: and that said land is jr..
and clear a( al! encumbrances except those taxes accruing subsequent to December 31 ,
1979.
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! ~COU~ded 1T11W~S, that ij :aid mortgagor shall pay unto said mortgagee the certnin promts-
I sory note hereinaJfer substantially copied or identified, to-wit:
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MOw7GAGE ROTE RAMCO FORM tq
Port St . Luci~eFbrida
s 10 , 000.00 , 19 80
October 3
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to pay to
MARGARET J. BORLAND or order, in the manner hereinafter specified,
the principal sum of TEN THOUSAND DOLLARS AND NO/100--------------------------------~~ DOLLARS
~ 0 , 000 , 00 )with interest from date at the rate of 0 per cent. per annum oa the balance from time to time remaining unpaid.
The s=id principal sad interest shall be payabk in lawful sswney of the United States of Atneriea at 80~ ' S . 33rd St . , Fort
Pierce, FL 33450 or at such place as may hereafter be designated by written notice from the holder to the maker hereof, on
'i chc date+and in the manner following: -
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~ This note shall become due and payable in the amount of 510,000.00 on or before April 3,
1981. -
THE MAKERS RESERVE THE RIGHT OF PREPAYMENT AT ANY TIME WITHOUT PENALTY.
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This note with interest is secured by a mortgage on real estate, of even datr herewith. made bT the maker hereof in favor of the said
i payee, and shall be construed and enforced according to the laws of the State of Fbrida.
~ If default be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the performance o[ -
any of the aareemenu contained herein or in said mortgage, then the entire principal sum and accrued interest ihall at the option of the
holder hereof become at once due and colkctibk without notice, time being of the essence; and said principal sum and accrued interest
! shall both bear interest from such time until paid at the highest rate albwabk under the Taws of the State of Fbrida. Failure to taercise
this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default.
Each person liabk hereon whether maker or endorser, hereby waives presentment, protest, notice notice of protest and notice of dis-
honor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this note or default
hcreundu, or undo said mortgage, counsel shall be empbyed to collect this note or to protect the security of said mortgage.
Whenever used herein the terms "holder", "maker" and "payee" shall ~ E n DEYELO t ERS sgularC r plural as the content may
rcyuire or admit. t
Maters Addreu .-.Ey~~-::..---~;~-......... ~1.~.~t,.t--..~-4SEAL) F
3792 N.E. Ocean B1Vd. Apt. 206S P~
Jensen Beae ................(SEAL) }
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