HomeMy WebLinkAbout29441(!~ ~'o }lAUe ~Uld to ~iotd the same, together with Ilte tenements. h.reditument, and appurle
f~
nnnres Thereto 6elouging, and the rnnts, issues and profits thereof. unto the mortgagee. In fee simple.
end Ilte mortgagor covenants with the mortgagee that the mortgagor Is indejcastbly seized of said
~~ land in fee simple; deaf the mortgagor has good right and lawful authority to convey said land as of oro-
~~ said; that the morttagor urill malre such further assurances to perfect the fee simple title to said land in the
morttµtttee as may reasonably be rertuired: that the mortgagor hereby fully worrants the title to said land
'~ and will defend the same against the lawful claims of ell persons whomsoever; and that said land is ree
I greet clear of all encumbra-tr•es except those taxes accruing subsequent to December 3
~4 1980.
•~ ~r0uided ~twAys, that if said mortgagor shall pay unto said mortgagee the certain promis-
e sory note hereinafter suhstantinlly copied or identified, to-wit:
MOn rGAtiE N07E
= 9,700.00
PORT ST, LUCIE ,Florida
December 8 , I9 g0
FOR VALUt: RECEIVED, the undersigned, (jointly and sevtrally, i[ mote than one) promise to pay to
JOHN P. McANDREW and MARGARET E. McANDREW, his wife
of order, in the manner hereinafter speciCed,
the principal taro of NINE THOUSAND SEMEN HUNDRED AND NO/100------------------------- !ll><l DOLLARS
(; 9 ~ 700 , QD )with interest from date at the rate of 1 3 per cent. per annum on the balance from time to time remaining unpaid.
The aid principal and interest shall 6e payabk in lawful money of the United States of America at 655 Harborview Dr.
rnt-t St. Lucie, Fla. 33lr~2~c such place as may hertaftn be dcsignatrd by written notice from the holder to the maker hereof, on
the date and in the manner following:
both`-principal and interest due and payable in Thirty-Six (36) equal monthly installments
of $144.84 beginning January 8, 1981 and monthly thereafter up to and including November 8,
1983. On December 8, 1983 the remaining principal balance plus interest will become due
and payable.
"FEE MAKERS RESERVE THE RIGHT OF PREPAYMENT AT ANY TIME WITHOUT PENALTY.
F~~r the first year of the Note, the Note will be at an interest rate of 13%, with payments of
5144.84 monthly. At each anniversary of the Note, the interest rate will change to 1% below
the current market rate. This rate will be established according to the current rate being
charged by FIRST FEDERAL SAVINGS b LOAN OF~aMRT1N COUNTY, and FIRST NATIONAL BANK AND TRUST COM-
~krl~! OF STUART.
This note with interest is secured by a mortgage on real estate. of even date herewith. made by the maker hereof in favor of the said
~n}ee, and shall be construed and enforced according to the laws of the State of Fbrida.
It default be made in the payment of any of the sums or interest mentioned herein or in aid mortgage, or in the performance of
a,y~ of the a seements contained herein or in said mortgage, then the entire principal sum and acuucd interest shat! at the option of the
holder hereof become at once due and collectibk without notice, time beinga of the essence; and said principal sum and accrued interest
Thal: both bear interest from such time until paid at the highut rate albwabk under the laws of the State of Florida. Failure to exercise
this option shall not cowtitute a waivu of the right to excruse the wee in the event of any subsequent default.
Each person liabk hereon whether maker or endorser, hereby waives presentment, protect, notice notice of protest and notice of dis•
honor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought or rat, ifr, after matunty of this note or default
hrreunder, or under said mortgage, counsel shall be employed to collect this note or to protect the security of aid mortgage.
Whenever used herein the terms "holder", "maker" and "payee" shall be construed in the singular or plural as the context may
r.yuirc or admit.
Makers Addreu
it)9 S.E. Caltnosa Dr.
f' ~, T t...St ..--.i~its.~~,---F3.a..........33.452 ....................................
!{
RAMCO iORM 5~
........................ ...........•----...........---•-- tom.-----. ..-- - •-•--......-.._..(SEAL)
JAMES A. OD
........... .. ........ .......•---...-..-...... EAL)
JEANETTE-•i-
.... .............. ......•---- -d....-....---.....-...---.-....-.............................(SEAL)
- ...............B.Qf~..~5.-~~iE~rV'J~.--•........._.....-.....(SEAL)