HomeMy WebLinkAbout00367~ >lt1RVt l~ ~ TW~ the same, together with ~f~s~lenemenls, hrMdifaments and appurfe-
'iiancesjl~,~er~eto belonging, and the rents, tssups and projjfs fhe-eoj, unto the mortgage, !n j~e simple.
ii1~Y the mortgagor couenanls with the mortgages that !h~ mortgagw is indsjewibly seized of said
land in jee simple; that the mortgagor has good .fight and bwjul authority to convey said land a ajon-
said:. that the. mortgagor u-tll make such further assusances to perfect the j•~ simple titl. to said land in the
mortgagee as mat reasonably be required: that the mortgagor herby fully warrants the titb to said land
and will defend the same against the lawful claims of all persons whonuoewr; and that said land is free
and clear o/ all encumbrances except ad valorem real property ta)Oes for 1980 dad _
subsequent years, and, as to Paroel II, the easement and right of way shoran
on Schedule "A" attaot~ad.
~~uldetl ~llwnyS, that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinnjter substantially copied or identified, to-wit:
Pi~MISSORY NO-I'E
S 250,000.00 -
- r ], 1980
Fbr value received, I/we, jointly and sevierall FOB Pierce, Florida
Y. Promise to pay, without
defalcation, to the order of FIAltIDiA }3i1I~C AT F~plil• PIEIiLE, wittl interest from the
date }tereof at a rate of interest equal to one percent f 1$) above the -prime rate: as
est•ablis}~xi from time to time by Florida National Banks of Florida, Inc., Jackson-
ville, Florida, on tt}e unpaid b~an~ ~til maturity. The princi~~al and interest
Mall be payable as follows; -
Principal s}~all be payable .in 180 monthly installments of Qie Thousand
`P'te Hundred F.i9hty-eight Dollars and 89/100 (S1,388.89), oomr~ncing on
the 1st day of Jarn~ary , 1981, and a like sum on the - 1st y
eac:Ii ton t}iereafter, to and includ' ~ of
To E'ad'i rind ~• t}1e 1st day ~~'o~~=r , 1995.
P P~ E~Ym-nt shall be added accn~ed interest on the unpaid
balance, at the rate stated herein, which rate shall be adjusted on the
daY the prime rate established by Florida National Batiks of Florida,
Inc. rr~y dranc3e, -
cach installm~tt first Shall be applied in paytttent of the interest and then on
ttk unpaid balance o~n tl~ rind
~' ~ sue:. If default is made in thepayment of any
iiistalLmnt wlicn due, and such default continues 30 days, them at the option of
tik r~oldLr, and wit]~out any other notice, all tine remaining installnrnts shall be
due and }ayable at arras. Privilege is given to prepay ti~is Note ~ whole or in
!'art ~~t .any time wittlout penalty. Neither forebearanoe, nor ac
t1 k.•i-~~o i a i t°r any default in _ _ oeptance by the holder
rLnt ~of principal and/or interest Hatt paid one is dueoda~te s}~al~~r interest at~the
r ~• state:} herein.
:t~tti `11iak°r, suctty and ~ndc,rser heroof, jointly ~uxl severally, waives dc~tind,
F !-irotest arc} notice of .protest for naipaym~:nt and furtlx:r ayr~ces to
.~iy ~::tuisia~ of time of E~~~~t, cit.'~er 1?efore or after rrt~turity, wi thout not ice to
ai~• of us; arxi to pay all ousts of oollectio~n, including a reasonable attorneys' f~,
i:icluciiiiy ~~ Ec~ for any aci~:iinistrative or a
de:ault }~reunder, and ppellate procec~dirw3s, in the e~,^erit of any
varier
tits Constitution and ~ofrthe State of~the IJnitecl Staters~sas~ a ainstYthis~~~
abliyation or a~iy e~.rtension or renewal hereof. g
c~I`I'I~.SS tiie }sand anti seal of ead~ party.
(OOfiI'CW'11'E SEAL)
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w~:. -
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JAPf~O, INC. , a 1'lorida cx~rporation,
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X344 p~ 36