HomeMy WebLinkAbout09853o ii~we and to i~otd Ilre sanu~. together with the tenements, heredilamenls and appu-le-
rra-rces Thereto belonging, arld the /en if, issues and pro/lfs Ihereo/. unto the mortgagee. in lss simple.
the mortgagor covenanfa with the mortgagee that the moHgagor is inde/ewibly seized of said
Land in lee simple; that the moHgagor ha good Hght and lawful authority to convey said land as a/oro-
said: that the mortgagor will make such /uurher assurances to pe-fect the /ee simple title to said land Jn the
mortgagee as may reasonably be required: that the mortgagor hereby lolly warrants the title to said land
and will defend the same against the lawful claims of all persona whomsoever: and that said land u free
and clear of all encumbrances
~iroV~ IAW~S, that if said mortgagor shall pay unto said moHgagee the prt.tn promta-
sory note hereinafter substantially copied or identified, to-wit:
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~'' TEAS IS A BALLOON N~IE r''`
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`-,-iK S..»14 600.00_....__ _..~9~~ P~?~4~_..»-__.... Floridf+,...».E1s7~1de...»._»..»».»».19.__.~Q ,
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~.~ ~prs~ ~[Zet~bpa the undersigned joidly and severally promise: fo pa)r to the order , '7J'-
tl, pr;nc;pal sum ofFa_ urteen.Thou_sa~d-Six-Ntndred- dol_lars..~.~..w. (i14,t600: 00 .».._ ..»~. 1
''~ together with interest thereon from date-at-the rate ol....__»_._.11.» ...._......_~er eertt. per antum until mMurily, r s
- .
~` x said interest being payable monthly on ths.._-..... first---»...---..day of each and every n>ottllt both principal a>`Y
`~~~ and interest being payable in lawful money of the United States at_.____..•--------»---» ...............•- --- -----.._.»__. ^~
~ }~Y or at such other place as the holder hereof may designate in writing. Principal and interest payable in install• yr
~" ~ menu of __....._...See- belvw---------• ......................................•---------..._.__...»_.»_..... Dollars. (i- ---•----»._.._.._) j~ '
ix each on the---------------day of each and every month, beginning on the .~..»._._.._.....day of~_•---»--..---.»»--..--• r~
~' 19._._.._., and continuing until said principal and interest have been paid. Each ittstallmetrt payment dra~l be ~ `~
~~1i txedited first on the interest then due; and the remainder on principal; and interest shah thereupon case upon ~;,~:
`'"~ the prirrapal so txedrted.
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This note payable in installments of One Ntmdred Fifty and 70/100 dollars ~!
' x ($150.70) each on the 1st day of each and every month, begiiming an the 1st "~
I "__~!: day of December, 1980, payable far a period of (:0) years from the date of ~
•`~~ this note at which tame a balloon payment in the ano~ait of $10 , 889.46 , to- j.~
'`tix gather with accrued interest, if any, and all advancements made by the wort- x't~
*_~.. gagee under the terms of this martg~ge shall be due and payable. ~
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a >> i s .t'
~ ~ .,,r~ `~ There is no penalty far prepaytrent of this note. ~ ,5~~i•
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r ,r,~- d, prdest and rrofice of maturity, non-payment a protest end aN re- z<+'
~'"~~ Each make. and endorser severslly waives demon j.~'
j•'.- quiretrrerrls necessary to hold each of them liable ss makers end endorsers. ;s.
i ~%t-~ Each maker and endorser further agrees, jointly and severally, to pay all costs of collection, indudirr9 a reasonable Ntor- r~'
y;~ , n.r s fee in case the principal of this note a sny payment on the principal Ar sny interest thereon is not paid al the respective ~tiC'
i J'~ maturity thered, or in use it become: necessary to protect the security hared, whether wit be bought or not.
kr~ This nose and deferred interest payments shall bear interest at the rated 11 per cent. per anntaa from aretra•ity ~;y'
r s..t uNil paid. '~:
;r'I. This note is secured by a First mortgage d even date herewith and is to be construed and enforced according to the Jews yet
l sr'' of the State d Fbrida; upon defaub in the paynrenf d principal and for interest when dw, the whole soar d principal and j~t,
i~ interest remainirq unpaid shaft, st the option d the holder, become immediately dw and payable- ~~
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~,'~' OR ........ ~+~'
f ~~~ 800K~~ PAGE 7VtJ _ r •~
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