HomeMy WebLinkAbout1625 ~o. ~iaue and to ~iotd IhP same, IapPther u?ith IhP lenemwlts. llereditamenls and a!ppurtP- i -
r1a11CPt thPMtO l1PlU/l{tlllp. afld the rP11tS, tssues, gild profits thereof. unto thI mortgages. iR foe simple.
~1nd the mortpagor covenants with the mortgagee thnt the mortgagor is tndejeastbly seized o/ said
la?ICl to fee stmplP: that dhe mortgagor has good .tght and lawful autho?tty to convey said land as ajoro-
~ said: that- the mortgagor-will make such further aaurances to pert
Pct the f
se simple title to said land to the
j mortgages ns may reasonably bs requlrsd: that the mortgagor hsroby fully warrants the fills to said land
R anti will defPrld the same against the (awful claims of all persons whomsoever: and that said land b free
and clear of al[ ertcumbmncP: -except those taxes accruing subsequent to
December 31, 1979,
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~C0tl~ded ~W1UJSr that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter subsfanttally copied or identified, to-wit:
MORTGA4E NOTE RAMCO FORM as -
= 26,000.00 Port St, Lucie ,Florida
' October 23 • 19 80
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) praniscs to par to.
PAUL STERNPTZKE and FLORENCE REYNOLDS
, or order, in the manner bercinafter ape~edy
the principal wm of TMENTY-SPX THOUSAND DOLLARS AND NO/10.0-------~----•___~_.._,.___.,/IOt) DOLLARS
26,000.00) with interut from date at the rate of 12 per cent. per annum on the balance horn time w time remaining unpaid.
t The said principal and interest shall be parabk is lawful motley of the United States of America at 5002 P81m Drive, Ft. Pi-tree,
Fla. 33450 oc at such plan u may heieatter be designated br written. notice from the holder w the maker hereof, on
the bite and in the manner folbwing:
Payable in One Hundred Eighty (180) consecutive monthly installments. of 5312.05 -
beginning November 24, 1980 and each month thereafter until said principal and -
interest due thereon are fully paid.
THE MAKERS RESERVE THE RIGHT OF PREPAYMENT AT ANY TIME WITHOUT PENALTY.
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This note with interest u secured bar a mortgage on real estate, of even date herewith. made by the maker hereof in favor of the said
payee, and shall be construed and enforced according to the laws of the State of Florida.
If default be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the performance oI
j any of the a reemenu eon:aiaed herein or in said morrt~ggage, then the entire principal sum sad accrued interest shall at ebe option of the
holder hereof become at once due and colketl~k without notice, tints beinagg of the essence; and said principal sum and accrued interest
shall both bear interest. from such time until paid at flu highest rate allowabk under the laws of the State of Fbrida. Failure w taercise
thu option shag rat constitute a waiver of the right to exetcue the same in tlu event d any subsequent default.
Eac]s person liable hereon whethu maker or endorser, hereby waives presentment, protest, ratite notice of protest and notice of dis-
honor and agrees to par all costs, including a reasonable attorney's fee, whether suit be brought or not, if, after tnatunt of this note or default
hereunder, or under said mortgage, counsel shall be empbyed to oolkct this note or to protect the security of said mortgage.
Y+(henever used herein the terms "holder", "mater" and "payee" shall be construed in the singular or plural ss the context mar
require or admit. : ~
Maker's Address /s/ RAY E. KELLY -.....(SEAL) ~ I
-~11Y-•~. KELLY
~ ............................................(SEAL)
2406 .N. 43rd St. Y-~.--~-•-•~•~~--~.
..F t....P1,erce,...El,a.,.--.33450 ............................-........-.......-.........._................-........-...................(SEAL)
p~j ....................................................................................................(SEAL)
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