HomeMy WebLinkAbout2959~Q IIiW~ tQ TlVld the same, together with the tenenrtettRs.<hereditarrtenls.and appurte
rtartces t-temto lseiortttirtg, artd the rents. issues artd prof ifs thereof, unto the mortgages, in fee aimple.
And the mortgagor covenants with the mortgagee that the mortgagor u indefeasibly seized of said
Irrrtrl in fee simple; that the mortgagor -tas good right and lnwjul authority to convey said land w ojoro-
said: that the mortgagor will make such further assurances to perfect the fee simple title to said land in the
mortgagee as may reasonably be required : that the mo-fgagor hereby fully warrants the title to said land
arm trill deje-trl the same against the lawful claims of all persons whom,oeuer; and that said land is free
and clear of ail encumbrances EXCEPT TAXES ACCRUING SUBSEQUENT TO DECEMBER 31, 1979.
~rouided Always, that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
w+owTGAQE NOTE
s 32,300.00
RAMGO iORM S~
Jensen Reach
December S
, Florida
. 19 80
FOR VALUE RECEIVED, the undersigned, (jointly and severally, it more than one) premises to pay to
ROBERT D. TIMMERMAN
, or order, io the manner hereinafter specified,
she principal au,a of THIRTY-TWO THOUSAND THREE HUNDRED AND OOf 100------------------x/100 DOLLARS
!S ?2 ,300.00 )with intcrsst from date at the rate of 10 per cent. per annum on the balance from time to time remaining unpaid.
TAc said principal and interest shag be payable is lawful money of the United States of America at 7407 Whippoorwill Dr.
C:';arlotte, N. C. 28210or at such place as may hereattrr be designated by written notice from the holder to the maker hereof, on
the date and in the manner following:
^aya6le in Ten (10) consecutive yearly installments of $5,256.68, beginning December 5 ,
°~jl , and each Vear thereafter until said principal and interest due thereon are fully
raid.
'; PREPAYMENT PENALTY IS APPLICABLE AFTER THE FIRST YEAR.
This note with interest is xcured by a mortgage on real estate, of even date herewith. made by the maker hereof in favor of the said
;;a~ec, and shall be construed and enforud according to the laws of the Sutt of Florida.
It default be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the performance of
Rn~ of the a reementa contained herein or in uid mortgage, then the entire principal sum and acuucd interest shall at the option o[ the
h~,ldcr hereof become at once_due and collectible without notice. time being of the esxnce; and said principal sum and accrued intereu
shall both bear interest from sucb time until paid at the highest rate albwable under the laws of tht State of Fbrida. Failure to c:ercix
this option shall sort constitute a waive of the right to exercise the acme in the Brent of any subsequent default.
Each person liable hereon whether maker or endorxr, htreby waives prexntment, protest, notice notice of protest and notice of dis-
'•~~nor and agrees to pay all costs, including a rcasonablc attorney's fee, whether suit be brought or rat, ir, after maturity of this note or default
h~rcunder, or under uid mortgage, counsel shall be employed to collect this note or to protect the security of said mortgage.
Whenever used herein the terms "holder", "maker' and "payee" shall lx construed in the singulu or plural as the context may
r~yuirc or admit- v/ -t ~
. i ~~-C ~! t. ~7 :. ~~= t/< s!~ -.~:.-t-a~•--(SEAL)
Maker's Address v-. -.........°------------- ----•--....-........ - .-
WILLIAM •.l. BESSfr~R
.. ....:........:~ ........................................ . . ........ ........(SEAL)
2201 S.E. Indian St. ~j
t ear.~,---~'~.a...........33.G9b..-- -•--......-•-------------•--•-----....... --- -$f}7Kc~---PdGE~V~~-- ••--- -- --- - -....... ---.......--- -.............(SEAL)
• ............................ •-- - .....------ --.......... ............................ -----...(SEAL)