HomeMy WebLinkAbout2090~o ~iaue and to Mold the same. tapvther with IhP tenemertls. -~.lclifumepij ertd -appurty
ttattcvs Ihvrnlo 6vlon~tirtp, attd the rnttls. issues artcl profits hereof, unto the mortgagee, in jee simple.
!~ ~~ Ilty mortgagor rnvenanls with IhP mortgagee that the mortgagor is indefrosibly seized of said
ij Ictncl in fee simple: that the mortgagor has good right and lawful authority to convey said Iartd as ajore-
~; said: that the mortgagor' will make such f urth~r aptsrwtces to perfect the fee simple title to said Land in the
ii mortgagee as may rnasonalsly be requtred; that tGt mortgagor herehy fully wa--ants the title to said land
!; a-tci will dejv-td the same against the lawful claims of all persons whomsoever: and That said land is free
,~ and clear of all encttm6-ances except taxes accruing subsequent to December 31 , 1979.
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~~ ~COUtt~ ~lwayS, that if said mortgagor shall pay unto said rrpaMgagee the certain promb-
~+ sory note hereinafter suhstantially rnpied or identified, to-wit:
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MORTGAGE NOTE ~tww~~.v rvnw~ es
Port St. Lucie' Florida
= 2 ,200.00
• October 21 19 80
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to pay to
NILLIAM S. RUSSELL b NANCY L. RUSSELL, his wife -
, or order, in the manner hereinafter specified,
the principal sum of TWO THOUSAND TWO HUNDRED AND NO/100--~-------------------------100 DOLLARS
(; 2,200.00 )with intcrut from date at the rate of 12 per cent. pu annum on the balance from ti}me to time remaining unpaid.
Tfic said principal and interest shall be payabk in lawful money of the United States of Amerin at 1204 f-111nde1 Drive
Wilmington, Delaware 198t~at such place as may hereafter be designated by written notice from the holder to the maker hereof, on
the date and in the mannerfoUowing:
Entire principal balance and interest due thereon i:o be
paid on or before November 9, 1981 with no penalty for
early payment.
..
'This note with interest is secured by a mortgage on real estate, of even date herewith. made br the maker hereof in favor of the said
payee, and shall be comtrued and enforced according to the laws of the State of Fbrida.
If default be made in the payatent of any of the sums or interest mentioned herein or in uid mortgage, or in the performance of
any of the agreements contained herein or in uid mortgage, then the entire principal sum and accrued interest shall at the optwn of the
holder hereof become at once due :rid colkcu'bk without notice, time beinagg of the essence; and said principal sum and accrued interest
shall both bear interest from such time until paid at the highest rate allowabk under the laws of the State of Fbrida. Failure to exercise
this option shall not constitute a waiver of the right to exercise the same in the crept of any subsequent default.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice notice of protest sad notice of dis-
honor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought or not, il', after maturity of this note or default
hereundu, or undo said mortgage, counsel shall be empbyed to collect this note or to protect the security of said mortgage.
Whenever used herein the terms "holder", "mater' and "payee" shall be wnstrued in the singular or plural as the context may
require or admit.
Makers Addreu ~SS',..,.I'~-RJORIE_.H.-.-KEPFORD,_--$~~-.{t...~~~$_.,.--....(SEAL)
for WATERBED WAREHOUSE, INC.
4470 S. U. S. 1
Stuart, F1 33494
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