HomeMy WebLinkAbout1758~o ~iaue and to ~otd the same, together with f~is fensmenft. heredilamenta and appurfe
rsances thereto belonging, and the rents, issues and projils fhereoj. unto the mortgagee, in jse simple.
the mortgagor rnvenani: with the mortgagee thot the mortgagor u indejecutbly seized of said
Land in jee simple: that the mortgagor has good right and lawjul authority to convey said land as ajo~e-
said: that the mortgagor will make such /anther assurances to perjecf the jee simple title to said land to the
mortgagee as may reasonably 6e required : that the mortgngor hereby fully war-ants the title to said land
and will defend the same agatntt the lnwjul clatr-ss o/ all persons whomsoever: and thnt said land is free
and clcmr of all encumbrances except taxes subsequent to December 31, 1979.
~~~ ~llUayS, that i/ said mortgagor shall pay unto said mortgagee the certain promb-
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sorp note he-sinajter substanttaUy eopted or identified, to-wit:
s _ ~ 4, 00000 _ _ Port St . Lucie. ~~,__ .November _~ ly 80_
~Or ~tl~lit` ~~t`Ct`tbt'a the undersigned jointly and severally promises to pay to the order
of ... Welcome__ Homes__Construction.c...Inc :~ .........................................................................
the principal sum oi....Fs)uL..TblG2u,SdD.d._~tO4~..D4l~QQ.--_--------_. Dollars (S9.a0QQ.._D~...._..._ .1.
togNher with iroerest thereon from date at the rate of....._....12 .................~er cent. per sttrstttn until maturity
said interest being payable monthly on the----..-•---25th .--______...day of each and every month both principal
and interest being payable in lawful money of the United States at _..2457___De_l_an_ o_ _ R__o_ad,-._Po~~__.._..
St. Lucie, Florida 33952 -~ ~~ ~- ~ - -~ -~
.Florida,
a al such other place.as the-holder hereof may designate in writing. Principal and interest payable in install-
ments oF..._.One. Hund_red_ Eighty__Eight.,and-_30/100------_-~ popsy:, (i~8$ ~~Q._.. _)
each on tlte~ . 25thday of each and every month, beginning on the.---25th____.~y ol..Deeember.---
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1980.., and confirtuirsg until said principal and interest have been paid. Each inslaNtttettf payment shad be
vedited first on the interest -hen dw; and the remainder on principal; and interest shah thereupon cease upon
the principal so credited.
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Maker reserves the right to prepay all or any portion of the within ''.i'
indebtedness at any time without penalty.
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EaKh maker and endorser several) waives deman
y d. protest and notice of maturity, non-payment a protest and all re- i'"
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quiraments necessary to hold each d them liable as makers and endorsers. ~ -'~;.
Each maker and endorser further agrees, jointly and severally, to pay sU costs d cdlectron, including a reasonable actor- ..ti
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ner s fee in case the principal d this note a any payment on the principal a any interest thereon is not paid al the respeNive i~"
maturity (hereof, a in case if becomes necessary to protect the security hared, whether suit be brought a not ;'~I
This note sad deferred interest payments shall bear interest at the rated per cent. per annum from maturity ter'
untr) yard.
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This note is secured by a first mortgage d even date herewith and is to be construed and enforced accadirr9 to the laws ',
of tM State d Plaids; upon defaub in the payment of principal andfor interest when dw, the whole wm d principal end y
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interest remaining unpaid shall, st the option d the holder, become immediately dw and payable. y': ;
X344 P,~i758 ~~:
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..................................................-----.........ese.n . ~ .~ .... .. s.au
A r erne C . Santoro =~' ;
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