HomeMy WebLinkAbout2895~o ~iaue and to Mold Iiu• satne, hxp•Ilrer with the lenernrufs, heredifamenls and appu-tP i
nances then•to heluntlirul. and Ilu• rents, issues and profits flcereof, unto fire Mortgagee, in fee simple.
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~± find IhP mariryufiur cor~r•nanls with IhP morlgagPP Ilcal IhP mortgagor is indefeasibly seized of acid
'! haul in fee simple: Ihal the mortgagor has good right and lawful authority to convey said land as aforn-
said; lhaf the mortgagor will malrP such further assurances fo perfPC! 1hP fee simple title to snid land in the
i morfryagoe as may reasonably bP natuirPd: That 1hP mortgagor hereby /idly warrants the title to said land j
anti will defend the same against the lawful claims of all persons whomsoever; and that said land is free jf
,~ and clear of all encumbrances except taxes accruing subsequent to December 31,
1979, a prior first mortgage to Jessie Meyers, Inc., dated July 9,
~ 1973, recorded in Official Record Book 216, page 445, public records
~~ of St. Lucie County, Florida, as amended, and a prior second mort-
~~ gage to Waco Groves, Inc., dated May 20, 1976, recorded in Official
Record Book 252, page 2899, public records of St. Lucie County, ~
Florida, as assigned. ~
i
This is a purchase money mortgage. -
~rouided ~tways that i said mart a or ahnll i
'~ ~ f g g pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit: j
s.._~7_~QQ~Q - Vero 13esch, Fbrida _.. D@Cember -_-8 ____--_-__, 1980-_
In the manner hereinafter stated _ __ after date, I, we or either of us promise ro pay to the order of
C .- REED --KNIGHT------ --------------------------- -
Two hundred seventy-five thousand and------------------00/100 ool.u-~s
for value received, payabb at _~__9~__~Qx__63101-_ Vero.- Beacht Flor~f3a-_ 32960_ __ or-_ such _
other.__Rlace_.~s~__t~e__-p~ee__may__ designate _in_ writing---------------------__~_..___-- with Interest
____-____ . at the rare of ___-____-...-_. __ aB stated below.
from __aate _ 11 per cent per annum until paid; interest payable ______..______.________~ . _ _
And each of us whether malty, Quarantor or endorser, hereby severally waives and renances arty and all homestesd exemption ruts we
may have order the Constitution a Laws of the State of Florida, a any other State, or United States, as spinet this note; and each further waives
demand, notice of rqn-psyment and protest, and in the event it becomes necessary to coiled this note ttrouds an sttomey, wets to pay all costs
of collection, includins ressonsble attornsy's fee.
If default is made in payment when due, then at the option of tl+e holder, and without any other notice, all the remairrrt~ bslann shall
be due and payable at cnce.
The principal debt shall be paid in three installmentB, to-wit:
$30,000.00 on or before December 1, 1981, $30,000.00 on or before
December 1, 1982 and $215,000.00 on or before December 1, 1983. In-
terest shall be paid annually on principal paying dates. All monies
paid shall be applied first to the payment of accrued interest and
then to the reduction of principal. The privilege of prepayment of
principal without premium or penalty iB reserved. This promissory
note is secured by a real estate mortgage of even date and is subject
to all of the terms stated therein.
No...-- ------- ---- ------ Oue -
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E
-
s, ~z
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/s/ A. Razzak Tai, as Trustee
--- --------------------------------------- -___---------- . SE/1t.
A. RAZ7.AK TAI, as Trustee
-- ___- _. SELL
soK 34 4 PaGE ~~~