HomeMy WebLinkAbout0838 i~ laf?IiV~ ~ `0 IhP samt•. ItKft•IltPr with the (P/lPmPnls, hP/Ptlilumenlt and oppuriP
nances fht•n•fa helwlging, and Ilte rnnls, issues and profits IherPOJ, unto the morlgogPe, to jPP simple.
Illtr murlflaflur r•ul•t•nartls u•itll the mo?fpageP Thal the mortgagor is IrtdPleasi6ly sPiztd of said
land in ll•e simtllr•. Ihat the mortgagor has good right rind lawful anlhorily to convey said land as aJorP-
snirl: Iltrtl Ilte murlrya{tor It•ill mob such Jurlhttr assu?anrPS to perfect the Jtrtr simple title fo sold land to the
mortgagee as m/ly reasonably he required: that the mortgagor hereby fully wnrrants the ~te to sold land
and will dt•(t•nd the same against lhs lawful claims of all persons whom:oener: and Ihat said land is /revs
and clear al tell enr•tlmbrances except taxes for the year 1980 and subsequent
years.
Subject to that mortgage in favor of First National Bank and Trust
Company of Stuart dated May 8, 1979 and filed May 9, 1979 in Offi-
cial Records Book 308, Page 1400, public records of Martin County,
Florida, which Mortgagor herein agrees to assume in the approximate
balance of $31,512.09
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~CDUided ~twaysr Ihat iJ said mortgagor shall pay unto sotd mortgagee the cerfatn promis- I
sory note he?einajlPr sultslanlially copied or identified, to~wtl: I
21,000.00 November 80
S STUART, Florida, _ ~g
FOR VALUE RECEIVED, the underslgr?ed, iolntly and severally. PROMISE TO PAY to the order of GEOR E W . and
BARBARA A. SOMMER, his wife
Twenty-one thousand and 00/100--------------------------------------ool_t.ARS,
a, 3205 SW 78th Avenue, Palm City, Florida 33494 orwchothsrpuluasthsholder
hereof may tlesgnate in writing, together with Interest from date at the rate of 1' 1 per certtum per annum on the unpaid balance until maturity.
The card p.rnclpal and interest shall be dw and payable aS fO110WS : In three equal annual installments
of $7,000.00 each plus accrued interest beginning one year from date hereof
and continuing each year until principal and interest are paid in full.
Buyer shall have the right to prepay all or any part o€ the principal at any
time or times with interest to date of payment without penalty and said pay-
merits shall appl7yCagainst the principal amount next maturing. _
~ U default b! made for _15__tlays m the payment of any untallrnent of prrncrpal or urterelt ur any part thereof, the whol! Sum then remamrnq
~ unPartl wrih rniereSt Shall al hOltllr'S OpUun hetOm! OUe and payable wrlhout nU1rCe. 1 drlurB to exertrit sucn OPirOn Shall not cons 1 to a warner OI the
right 1o ertlrc rS! the Same m the event OI Subfeq aerie default. Atler maturity both prurc rpal ono at.tr ued rater Kt Shall bear mlerlst at~~+,per Centum per
t annum until paid. The mal.erl and lntlurlert o1 thK DOIt Iw(her warns Almond, nuUte ~rl non~payrnent and protest. 11 IhK note K n t gird at maturity
{i Intl Ins Same rS placed wrih an attar ney fur Cu4ec UOn, the m~keri and endurSerl hereof agree to pay au CuSM of culletlron, rnCludrl~l CoWI COStt and
+eawnabre attorney lees.
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HOLLOWAY TOOL INC . ~ . ISEAII
~ s V ~ ISEAI)
CARRO LLOWAY, resident
(SEAL.)
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_ go~K 343 PacE $3
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