HomeMy WebLinkAbout1719 ~o ~aue and to Mold the same. tugetl,er will/ the lenemerrfs, Ite?edilumenls and appurle
uaracrs flterefo Gelongir,d, anfl the rents, issues ant! p?ojils Il,weof, unto Ilte mortgagee, in fee simple. '
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1t4nd Ilte mortgagor n,venants with the mortgagee Ihat the mortgagor is indejensi~ly seized of said
!turd in fee simple; that the mortgagor has good right and lawful authority !o rnnvey said land of a~~re-
sai<I; that the mortgagor will make such further assurances to perfect the fee simple title to said land in the
mort{Ia{lee as may masonably 6e required; that the mortgagor hereby fully warrants the title 1o soil land
anti will tlejerrtl the same against the laurjul claims of all persons whomsoever; and that said land is free
ant! clear of nU encumbrances
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' ~rouided ~tways, that i f said mortgagor shall pay unto said mortgagee the certain promis-
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spry note hereinafter substantially copied or identified, to-wit:
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s _11_,500.00 Ft. Pierce t~da September 10 80
. 19
_ .FOR VAUIE RECEIVED the u,sdersrytred pratrses to pay to the orde. of
WILLIAM VARGO and CAROLYN T. VARGO, his wife
Eleven Thousand Five Hundred and no/100-------~~5 is 11,500.00 ~
IM principal swu d
together with intetcst thereon (row date, at Ilie rate of 8... ........per cent, par annum uru~l rnafw~fy. Ls•:f .nlevest
b«riq payable ...$~E ..BELOW on the day of and -
etch year, both principal and +ntarest being payable in I.+wlul mor++:y d the Ur+ded Stales a :,s cljar+v;arenf, at
.sa+d pnncipal sum to be par.~We on the dates and m the .rnou.ds speuf•ed below, to-~wu
Seller to hold a purchase money mortgage in the principal amaTnt of •
$11,500.00 bearing interest at the rate of 8$ per annum for a period
I' of 14 years, and payable as to principal and interest $114.01 monthly.
• This mortgage shall not be transferable or assumeable to any subsequent,.
f purchaser of the herein described property unless the prior written
consent of the'mortgagee shall have been given. If conveyance of the
property is made without such consent a default hereunder shall be deemed,
at the election of the mortgagee to have occurred and all then remaining
unpaid sums due-under the terms of this promissory note secured hereby
shall become immediately due and payable in full.
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f Each worst and endorser severally waives dewtnd. protest ant na~ce d rwarw~ty. torn-Parn+enl o. potest and sM repiwernerNs necessary to hold ~xh d
1hMi bable as maters ao.t rrdorsers
Each iwaker and endorser Iwihrr egress, !aptly and sever.s!!Y. Io pry aN costs of collection. +nclird+r+y a reasonable a/farieti s lee M case the pr.nupal d
th+s note a any payment on 1M p+nc,pal or any wMaesl !hereon ~s nor pad ar the rospectiw maturely rhereol, a in case it bKO+ees necessary to prorrcr the
srxirr+ty hared, whether sort be brought or not
TMs nde and deterred ~Me~et1 gayr~.Ms shall bear +Mdest at /he raft of 8. per cent, pct annurw (ram mrtwdY enhl pa+d
TMs note is secwed by a ilrS_G ~r9age d even dale here«.th ark! is to be c•.,nstrred and enforced accorJ~nq to the (aws of the Ssate o1 fto.~~t+
upon default in Elsa payrweM d pruscipal andtor u+leresr due on any note secwed by sail Mottya9e, all nWes so secwed and remauurg unpaid shag IorMw~th i
~ become due and payable notwitlrslandirq /lwir !snot
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