HomeMy WebLinkAbout1019 i ~o i{~we and to fold the same, tagefher wlfh the tenements. h.rdifamenls and appurfe-
rtartces thereto belonging, and the rents, issues and profits Thereof, unto fhs mortgagee, in fee simple.
~tnd the mortgagor rnuenants with the mortgagee that the tirtartgagar is tndsfeasibly seized of said
land in fee simple: that the mortgagor hos good right and lawful authority to rnnuey said laid os of
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said; that the mortgagor will make such further asstrrnrtcss to perfect the Jee simple fine to said Land to the
mortgagee as may reasonably 6e required: that the mortgagor herby fully warrants the stile to said land
and will defend the same against the lawful claims of all persons whomaoetror: and that add land u free
and dear of all encumbrances except those taxes accruing subsequent to December 31 ,
1979. .
V~ always, that ij said mortgagor shall pay unto said mortgagee the e:ertain promis-
sary note hereinafter substantially rnpied or identified, to-wtf:
MORTGAGE NOTE RAMCO FORM sa '
= 14,500.00 Port St. Lucie ,Florida
_ October 1 .1980
FOR VALUE RECEIVED, the undcnigned, (jointly and severally, if more than one) promises to pay to -
FRANK A. MARTIN and VIRGINIA A. MARTIN, his wife and
ROYAL FLAGG JONAS and BARBARA JONAS, his wife , or order, in the manner hereinafter specified,
the principal suss of FOURTEEN THOUSAND FIVE HUNDRED DOLLARS ANO NO/100------------------<I~ DOLLARS
14 , 500.00 )with interest from date at the rate e>< 10 per cent. pu annum on the balance (roro time to time remaining unpaid.
'Ilse said principsl and intercn shall. be payabk in tawtul money o[ the United State, et[ Amain at 41 O 71st Street. Miami
Beach, FL 33141 or at such place as may hereafter be designated by written notice from the bolder te? the maker hereof, on
-the date and in the manna following:. -
i Both principal and interest due and payable in Twelve (12) equal monthly installments of
5308.09 beginning November 1, 1980 and monthly thereafter up to and including October 1,
1981. On November 1, 1981 the remaining principal balance plus interest will become due
and payable.
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THE MAKERS RESERVE THE RIGHT OF PREPAYMENT AT ANY TIME NITHOUT PENALTY.
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This note with interest is secured by a mortgage on rest tttatt, of even daft herewith, made by the maker hereof in favor of the said
payK, and shall bt construed and enforced according to the law, Of the State of Florida.
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If dJault be made in the payment of any o! the sums or interest mentioned herein or in said mortgage, a in the performance o[
j :ny of the agreements contained hernn or in said mortgage, then the entire principal sum and accrued interest shall at the option of the
holder hereo[ become at once due and colkcu'bk without notice, time: being ~ the essence; and said principal sum and accrued interest
shall both bear interest from such time until paid at the highest rate albwabk under the larva o[ the State of Florida. Failure to exercise
this option shall not constitute a waivu of the right to exeruse the same in the event of any substquent default.
Each person Liable hereon whethu maker or endorser, hereby waives presentment, protest, notice notice of protest and notice of dir
honor and agrees to pay all costs, including a reasonable attorney's fie, whether suit be brought or rwt, i!<, aftu maturity of this note or default
hcrcundu, or under said mortgage, counsel shall be employed to collect this note or to protect the security of said mortgage.
Whenever used herein the terms "holdu", "maku° and "payee" shall be construed in the singular or plural as the context may
require or admit.
i`faleer't Aaaress Q;...R~ARKS_..a~1CIa..QRVIl . ..R-: ~..pJ1~tIC$--.....-.-'"'(SEAL)
LOU~~PA
KS ~
2196 Flanders Road, Port. St.-.-Lucie,- FL.33452. (SEAL) {
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tMe~~~ ~p OR
BOO~J'!V PATE O~ ..................................(SEAL)
. B~-~esad
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