HomeMy WebLinkAbout1236 ~o ~iaue and to Mold the same. fogplher with the tenement, hereditumenb and appurfr
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ttartcps Ihprnfo hPlortgirtg, and Ilte rents, issues arid profits thereof, unto !hs mortgagee, in lee atmple.
the mortgagor covenants with the mortgagee that the mortgagor rs indejeai6ly seised of said
land in /ee simple; that the mortgagor ha good right and lawful authority to convey said land as alon-
said; that the mortgagor will make such further asstu+ances to perlrrct the lee simple title to said land in the
mortgagee as moy reasonably be required; that the mortgagor hereby lolly warrant the title to said land
and will defend the same against the lawful claims o/ all persons whomsoever; and thnt ,aid land is /Itee
and clear of al[ enctun6?ances except that certain Mortgage Deed from Ronald
Dean Smith and Elvira Blanchard Smith, to Midwest Mortgage Company
dated May 2,1966 and recorded in O.R.Book 144,Page 499, of the
Public Records of St. Lucie County, Florida.
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~CO~tded ~tways, that if said mortgagor shall pay unto said mortgagee the certntn promts-
} sory note hereinafter subatnntially copied or identilted, to-wit:
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v ~.a7• ww., tM. (~n.crM r.rMM + MwMlt t.+hau.w-frrna bd.Mfl arEM1~10LE FORM 71 3+
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20 358.45 MOrtga~e Na[e
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s ~ ort Pierce , it«~ ...October 1 .w 80
FOR VALUE RECEIVED the enderaiynei pomites to pay to the «der of i
.__INDIAN RIVER GARDENS, I~IC. , .a F~.orida .Co~poiCation ~
tree ar~w•t :vim of ..........Twenty.. Thousand Three Hundred Fifty Eight.. aid.. 45/100--- Ddl,~f -
toyethe. with interest thereon at the rah d tet'1 _ p« cent per anrwm how tt118 date _
unr,I maturity, both pnntipal and interest being payable in lawful Money of ilia Urrte.! Stater, suds principal sum and iet/arest payable in instali,rentr as idbws:
83 equal monthly payments of $196.46 with the first payment to commence on ~i
November 1,1980 and a like sum on the corresponding day of each like succeed- t
ing period thereafter until October 1,1987 on which date the entire remaininq~
balance shall fiecome due and payable in one BALLOON payment.The maker of this
Note reserves the right of prepayment in whole or in part at any time without
penalty.
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Such instalMtent payasertts shall be applied 6rs1 to ilia iraeretl actxtrrt/ under the tertttt of Ntis naN and then ro a reduction of ilia principal indebledrterr.
iM makerr and erd«serr d thin note further a4ree ro waive demand, notta d ean-payarnt anA pretest, and in tM event soil shag be OrotglN tw 1M f
coliectior~ hereof. « tM same has to be collaued upon demand d an an«nay. a par nasatable aMerney's lees far makaq tech cotlection. AM payetartla-here ~l
under shall bear interest at llts raN d ten.._..p«t:.nt per annww 6«e r'ahrify until paid. Thin note is seared by • woAyapa d awn date ttarewidt and is to
be constrwd and ed«ad according ro trie laws of the StaN of Florida; upon dafauM in tlto payment of principal andior interest when due. 1110 whole sow d
tx~napal and inre?est remaining urgwd shah, at the open o/ tM holders, ttecoma immediately dw and payable. Faihre N exercite This option shah tree/ constth,te
a watvR of the right to exercise tM same in tIN ereN d subsetxteM dafatrlt.
~ Payawe st 2501 Sunrise Boulevard ORANGE AVENI.tE -AUTO...SALES. INC..
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Ft.Pierce,Fla. 33450 a Florida Corporation,
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tSEAtI
Q~~umeatiry Stares ie the :mwat ..1sEAu
o+ such other place as shall be B . ~ ~ - -
~ d S ~ lure been >ttfi><ed t• - Y- .
i ^es.gnated by the holder d ?.~~s s~s___. _ - James, E•I~~leld,PreS.
~ ..ore ,n .,,t.n9 tln mortj>tje wbic4 is security ttK _ cSEAU
- - - {c~nonnnnrt+ta nisi ~
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