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HomeMy WebLinkAbout0817- - . ~o ~tue 2ltld to ~totd flee same, together with the tenemetils, Xeredltamenfs and appurfe- -tartces Thereto lielortging, aced the rents, issues and profIfs thereof, unto the mortgagee, in fes simple. the mortgagor cove-tants u-ifh the mortgagee that the mortgagor is indefeasibly seized of said la-td in fee simple: t{tat the mortgagor has good right and lawf ttl authority to convey said land as of ore- said; flint the mortgagor will malts such Jurfher assurances to perfect the fee simple title fo snid land to the morlfingee as may reasonably 6e required; That the mortgagor ht-re6y fully warrants the title to said land and toill defend the same ngainsf the lawful claims of nIl persons whomsoever: and that said land is free and clear of all encumbrances except taxes accruing subsequent t0 D@Cember 31, 1979. ~t'ou~ded ~1wagS, that ij said mortgagor shall pay unto said mortgagee the eertatn promis- sory note hereinafter su6stanfinlly copied or identified, to-wit: - Y-.~RIuAGE NOTE RAMCO FORM 33 s 36 , 800.00 PORT ST . LUC 1 E , -Florida November 26, , 19 80 FUR VALUE RECEIVED, the undersigned, (jointly and sea•erally, if more•,than olx) promises to pay to JOSEPH P. TROMBLEY and CATHERINE M. TROMBLEY, his wife , or order, in the manner hereinafter specified, the principal sum of THIRTY-SIX THOUSAND EIGHT HUNDRED AND NO/100--------------------/100 DOLLARS ~. s 3 6 , 000.00 )with interest Irom date at the rate of 12 per cent. per annum on the balance from time to time remaining unpaid. "I~hc said principal /-d interest shall be payable in lawful money of the United States of America at ~.S/ 1~20.~+ ~_ ~~ -~~ _ ~J 1.t.e~,t ~l'. 3 jySa or at such place as may hereafter he dcsicmtcd by written notice from the hold~elr1/to the maker her of, on :},r date and in the manner following: ~avab~e in Ten (10) consecutive monthly installments of interest only beginning ~•=-comber 26, 1980, and each month thereafter until October 26, 1981, at which `ime the entire balance will become due and payable. ~~~ r1AKERS RESERVE THE RIGHT OF PREPAYMENT AT ANY TIME WITHOUT PENALTY. This note with interest is secured by a. mortgage on real estate, of even date herewith. made by the maker herco[ in faa-or of the said ._. re, and shall be construed and rnforced according to the laws of the State of Florida. ~ If default be made in the pa~Tnent of any of the sums or interest mentioned herein or in said mortgage, or in the prrforrnance oI .,n~- of the agreements contained herein or in said mortgage, then the entire principal sum and accrurd interest shall at the option of the :..]rr hereof become at once due and collectible without notice, tirne being of the essence; and said principal sum and accrued interest si:all both bear interest from such time until paid at the highest rate allowable under the laws of the State of Florida. Failure to exercise n is uption shall not constitute a waia•er of the right to exercise the same in the caznt of any subsequent default. Each person liable hereon whether maker or endorser, hereby waia•es presentment, protest, notice, notice of protest and notice of dis- ' •:~~: and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought or not, it, after maturity of this note or default } •;~•under, or under said mortgage; counsel shall be employed to collect this note or to protect the security of said -nortgage. H'henever used herein the terms "holder", "maker" and "payee" shall be construed in the singular or plural as the context mar ;• quire or admit. Maker's .1dd-ess .~. /{!~~'~f.'. _ ._ -.- ~/ ~~ ~ -... !~ . . ............. .{SEAL) ~f~DWORTH .B . A E 2915 E. King HiKh ~oatsvi ] le, Penn. 19320 ~~~~,~,~ - -- •'- - ~~~~~~'~-•--•-(SEAL) ELAINE M. ALIEN 34~ .P~~---.817 .. _ _ _ _ .- (SEAL I~F~1.~ ~'