HomeMy WebLinkAbout0363~o ~tauf and to ~iold f~~~ sume. fuq~•I~irr u~il~i f~~r f~•nemrnls. I~rre~~~lumrnls unc~ upp~ulr
-~a~u•~s I~u~rnfo ~~r~u~ulin~~, ant~ I~i~ -enl~. issu~s uu~l pru~ifs t~ern•u~. unfo f~~e mo~fgapre. in ~eN aimp~t•.
ii ~in~ f~i~ morlf~a~~or r~venanfs wif~~ 1{ie morf~~a~ee Ihnf the murlgago- is int~eJeasibly seizvc~ o~ snic~
;i l~~n~l in J~e simplP: Ihat the morlga~or has good -ight and (awJul au~hori~y ~o coni•ey :o~d [n~~d as a(ore-
saic~; IIIqI ~IIP morl~~af~ur u~i~~ ma~re suc{~ furlhe~ assurancrs to per~PCf fhe fpe stmp~e ftl~e fo sai~ lancl in fhe
~ mo-f~~aU~e as may rt~asona6ly 6e requirecr; fha! Ihe mortgago~ hereby f u~~y u~nrrants fl~e til~e to said land
, an~i u~ill de%nd fhe same against fhe lawJul claims o~ all persons whomsoever:. and ./hnt said land ta Jree
~ ~~~d ~l~~~ o~ ~ll encuml~rartces exeept mortgaqe to First National Bank &
'~ Trust Company of Stuart dated November 15, 1978, securing note
'~ in the original principal sum of $106,294.75.
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} ~rou~ded ~lways, 1{~at ij sai~ morlgngor shall pay unto suicr mortgagee f~e certain promis-
~ sory note heraina(fer su6slanlially copiecr or iclentifiecl, !o-wit:
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= 234 ~ 000 . 00 ~~ V~~,~, ~, January ~~u 81
FOR VALUE RECEiVED, I/~Ye, juinUy ~uxl scveislly, proaiise to p~y to the onla oE
~ -A. L. Nad and Evin R. Welch, T`rustees. _- ,
------r~-~i Hundred Thirtv-fuur Thous~_F~ 00~0------ ~oLl,,~~s
,' P. 0. a 110 3. Fort Lauderdale, Florida 33339
with intuat from date at fl-e ra~ ten ( 1~~ pa ~t per aewwa until psakl.
payable as follows:
Yayable in full on bef re January 1~ 1982.
\O\V, shrnikl it hr~o~ne neccssary to rnllect this note through an attornc~, either us, wbcther makc~, surety, ur endorscr
of thic note. hcreby aqrcr. eo rar ~11 aos~s oE wd~ collcccion. incluJing ~caunu~Wt torney i fee. 'Ibe clrawea and endorsers
srveraUy waive prrsentmcnt for paymeat, protat, and notke of protest for non-pa oE tbis note a~xl oonsent that time of
~~aynxnt a~y bc e~tended without notice to or d~e release from any liabilitr oF y maker or aodoncr•
IN TI~F. EvEI~T ~ny paymeot oE (nterat or prindpal i~ ~w,t paid within None ~ ~ ~~ys a(~e~
tl~e sann• lwrnmes d-~e the holder of tltis note may. at his option. declare the k priodpl wm bereof to Uc iminediatcly
~I~~tannaw h~wb.~x cM no~a-to e~nrcise~ option shall not eonstitute a wai~-cr of the ri~ht~uci~~ ~~=p ~ e~
f Y ~ w r Prolxrh of any maker or a~dorser held b~- tfie
t6c Iu,Wer to any au•ns due and uapaid putwaat W thit aote.
Signrd, scalcd anJ Jelivaod in t}~e psesenoe of.
wieness
~~'itness
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