HomeMy WebLinkAbout0990 `0 n11~~ the same, fogetlier with the tenements, hereditament: and appurte-
nances thereto belonging, and the rents. tuuei and profits thereof, unto the mortgagee, in fee simple.
the mortgagor covenants with the mortgagee that the mortgagor b indefswibly seised of said
land in fee simple: That the mortgagor hat good ?ight and lawful authority to convey said land ~ as of
o?a-
sntd; that the mortgagor will make ouch further assurances to per/ee! the fee simple lttb to sntd Iand to the
mortgagee as may reasonably be required : that the mortgagor hereby fully wafranta the title to said land
and urtll de/end the same against the lawful claim, of all penoru whomsoever: and that Laid land is f?ee
and clear of all encumbrances EXCEPT TAXES ACCRUING SUBSEQUENT TO
December 31, 1978.
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~~vtded ~{LW~S, that if snid mortgagor shall pay unto said mortgagee the certain promi:- -
sory note heretnejter substantially copied w idetttifisd, to-wit: .
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215 , 000.00 tart Piero.. December 28, t9 78
As hereinafter - stated date. t, vw fx •;,fwr of us promise to pay to tFte .order of
PHILIP A. HOEFFNER and MARIE );IOEFFNER, his wife,
Two hundred Fifteen Thousand & 00 100 '
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for value received. parable at 2 1 0 2 South 2 6th Street , ;
- Fort Pierce, Florida 33450 ~ - ~
from date at the rat. of. 8+l/2pa cane pp anrwm until paid; interest payable a3 hereinafter set
- ort~i: '
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And each of us wMther maker, N+nntor a e~dorsar. hntby sewralry waives and rtraunces any art afl hon~estesd eaan~ptioe? ruts we rnair ~
have unGr tt,e Cotxtitution or lags of tM STMe o1 itoride a any otMr Stag or Wrted States, as s{ainst thb note: and eatf? further waves dan~and, ~
nonce or non-paymtnt and protest, and in event if Oesanes rMteaary fo collect this note th?ou~ an attorrw?r, agrees to Pair art costs Of otlMct~orti
i11idi'i rtioiip1i1oin"''• f"and such default continues for a ~erlod of 30 das,~
~ • • If derault is made in any pari*•ro wMn dut~ffwn at the option of tfre hotdar.•and wi any other notice„ aq tM tratanoe ~ -
shall be due an0 parable st once.
The principal indebtedness-evidenced hereby shall be payable in the
manner following:
$55,250.00, together with interest on the unrepaid principal '
balance at the per annum rate above set forth, due on June 20,.1979.
The remaining principal balance of $159,750.00 shall thereafter be
payable in ten (10) equal and consecutive annual installments of
$15,975.00 each, beginning June 20, 1980. To each such annual
installment of principal shall be added interest on the unrepaid
principal balance at the rate above set forth. Maker reserves
a right of pre-payment in whole during the calendar year 1978 with-'
. out penalty. Beginning January 1, 1979, this note shall be pre
payable in'whole, or in par-t, at any time without-penalty. All -
~ partial pre-payments shall be credited first to accrued interest
and then to the installment of principal next ensuing. Provided,,
however, the making of pre-payments shall in rro way extend the
time for making of payments of annual installments of interest
~ coming due on June 20, 1979 and annually thereafter, or of
annual installments of principal coming due on June 20, 1984 and
an~ually thereafter until this promissory note be fully paid. -
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~ ~ 1s~3~i p~ 99,1
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