HomeMy WebLinkAbout1150~o Piave and to ~otd IhP same. together with IhP tenements, hereditamerrfs and appu-te-
rrances t1lPret0 6Plongirrg, and the rents. issues and prof its thereof , unto fhs rrtortgngee, in fee simple.
IU11~ the mortgagor covenants with the mortgagee that the mortgagor is irtdajeasibly seized of said
land in fee simple; thci ..'-.. ••-^' agor has good right and lawful authority to convey said land a of ore-
snid; thof the morigagor will make such further assurances to perfect t ull~wiaranbithettttle~to said land
mortgagee as may reasonably be required: that the morigagor hereby f y
and will defend the tame against the lawful claims of alI persoru whomsoever and lhnt said land is free
and clear of all encumbrances except taxes subsequent to the year 1979.
~1'oV~ ~1~Wa(jS• that i j said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified. to-wit:
8 2.000.00
Vero Beach, Florida ;;~3 ~~ 19~ 8D
As Hereinafter Specified after date, 1, we or either of us promise to pay to the order
of KINNIS C. SCHUMACHER & EDNA L. SCHUMACHER
Two thousand dollars and 00/100 ----------------------(52,000.00) --------------- ooLLARs
for value{ r~ec^eived, payable at ~~ '~_~ S o _ UP ~ '4~ E- ~ (Z,~{f , ~ ~ ~ ~ r 1..~
'~JC-~ ~~~ h- ~~' ~~~ 3~ with interes*.
from date at the rate of 12 per cent per annum until paid: interest payable monthly
And each of us whether maker, guarantor or endorser, hereby severany waives and renounces any and all homestead exemption
rights we may have under the Constitution or Laws of the State of Florida, or arty other State or United States, as against this note;
and each further waives demand, notice of non-payment and protest, and in the event it becomes necessary to collect this note
through an attorney, agrees to pay all costs of collection, including reasonable attorney's tee.
Frinicipal and Interest to be repaid as follows: 24 Consecutive tlonthly Installments of
S94,1S. First payment to begin one month from closing date and one payment on the Same
day of each month thereafter until the entire Principal and Interest due has been paid
in full.
The Makers of this note reserve the right of prepayment without penalty at any time.
State Documentary Stamps in the amount of 53.00 have been affixed to the Mortgage securing
this note and cancel.
1~HIS IS A PURCHASE MONEY MORTGAGE.
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f ~l,ttuiv~ 7D/tp B~lt,7ti NOTARY PJSLIC Of t~ETY IERSEY
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