HomeMy WebLinkAbout0179 ~f.__ _
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~ ~ the same. together with the tsnvments. het~sditomenfs and appurte-
nances thereto belonging, anr~ the rents, issues and profits thereo/, tusto the mortgagee, !n /ee simple.
the mortgagor covenants with the mortgagee that -the mortgagor !a ind~/ewlbly stilted o/ sold
land in fee simple; that the mortgagor has good right and lawful authority to convey said land a ajorw
said: that the "mortgagor will made such /urthsr assurances fo per/ect the fee simple title to said land In the
mortgagee as may reasonably be required; that the mortgagor herby /oily waaTartis the title to said land
and will defend the same agatrs! the law/ul claims o/ al! persons whomsoever; and that sold land is /rte
and clear o/ all encumtbrancesexcept taxes accruing subsequent to December
31,1979.
V~~ ~u~ys, that lj said mortgagor shall pay unto sold mortgagee the cereaitt p?om4-
sory note heretnalter substantially copied or identi/led. to-veil:
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Mortga~~ Note
~ s 51, 200.OQ _ .Pierce fl„,~a October 17 _ _19 80
FOR VAtUf RECEIVEg Mr wdasiyne! powises to p.y to tl+e aaer d
FORREST R. JORDAN and HAZEL.J, JORDAN.~HIS.WIFE - '
~~a p?mapal wni d ~.~.~ty...On~. _Thousand Two Hundred and- no/one.-hundredths- . Depart -
t~gelMr with interefl (hereon at the rated ten cent per arrow how this ..date _
~nnl mafwity, both pnncipal and interest being payable in hrriul Money d the lJrntsd States, such principal swn and interest parable in instafiroants es folbws _
~ Five annual installments of $10,240.00 principal plus accrued interest with
the first payment commencing October 17,1981 and a like sum due on each like
succeeding period thereafter until-the entire remaining principal balance is
paid in full. The first payment to be-made October 17,1981 may be deferred
until January 17,1982 without a default being declared.There shall further be
a prepayment penalty of $1,000.00 per lot should any portion be prepaid for
the purpose of releasing either of the two lots secured by this Note.
Such instaUwens WYwarMa shall Oe applied lira le tIN interest ecarwsp under Ilte tersaa d This neN and chest a • reduction d 1M pNidpsl itsde6ledraess.
TM rooters and endorsers dthis-ssssta hrrthar a0?ee to waive dswrasd, rsetue d non•peywesM and proNSl, and in Ilia evesM toil shah tae MrwslM br slw
colledwn heed, or tM saeae has Io be collected upon dswwassd d an amorssey, a pay reasonabt~ atNrne~s tees for sssakisg tsaeh toNectiew. /?M raywents Mn. ~
under shall bear isMe?as at Ibe rased .tgp-..pMCMt yet anwiw fra+n iralsrlily uafil paid. this stoN is seared br a staoel*pe d even dale herewilta and is b
be conssrwd and enlo.ssid accssrdsrg to sM laws d Nit Sate d Florida; upon ddauN in tilt peysaerN d princigl andior-itMatest rlrtsen dw>•1M wMM veer of i
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ar~nc~pal and interest reraainirg unpaid shNl, al list option d Mse holders, oe~e1M dw and able. Faihre b e~oasoise This shah saet consrilsrle
a waver d 1M riQhl to •=excise the sswe in tM evert d wbserNresM delauN. and-s @f~ 1 con ue8 fOr 30 days.
Payable a< ~.3 C.! ~ KNa lS-~ {_jc-V Q.. _1SfAI '
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^ obert...L. Smith
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cr such aher place as shall be ~l S ~ r: • „ s, , ................................1SEAL1 ~
ens, wed Sinith . .
9 br the holder d this L.~a sa.i..ed to Mati der. P: , .
t ' emote ~n wnun9 Ga:$fg? k+:.:~t ~S ~i:C~lZ lK.
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