HomeMy WebLinkAbout0444~0 ~Y~ ~~ ~~ ek• ,o,~u.. eop.e~.r u,1eh th. e•~um.na. hardtean.na and .ppwe•-
nancea Ihewto be~on~Ing. and !h~ nnb. ta~ue~ and pro~ifa tharo`. unto f~u ~nortpaOM. in ~N ~imp~i.
~ cl~. n.o.egngor cou.nonti wt~l~ ~k. Mo.lpop.. tkat ek. n~o,eoupo. a tnd.j.o.t6ty ,.+z.d o~ aald
laRd in (...r~b; eha~ el~. ~ore9agor J~. ~.ood ~t~l~e a-d la~/u! out6o~tey io conw~r aatd lo,~d e. afor.-
sctd: tkat the moHgagor wiu n~1« auc~ ~urf~ w~uroncYa to pee~i~ct t~ ~s~ atenpl~ tit~ !o ssid ~ in !~
nwresa9e. a, ~wy ~o~bly b. ~~.t,~.d: lhat t1~t mortgopor litrtby /uUr wo~.+ona eh. eiel. eo satd la.~d
ond will d%nd the :nm~ apatnst fhe laui/ul clainu oj aU psnoiu u~homsotwr, and tAat aotd land la /r+~
and clear oi all ~ncuni6~ncea except taxes for 1981 and all subsequent years and
existing first mortgage with First Federal Savings and Laan Association of
Fort Pierce.
~~ICi~UI~ ~IU~S, el~a< i~ ,~d ~wre9~or .I~U ~r unto snid mortgngee d~. ~~ p.~or+++_
:ory noe. h~.+eina~e.r ,u6.eanttaUy copied or idenet/ted. eo-u~te:
MORT('iAd[ NOT<
; 30,2d0.00
StttBrt ~ Fbrida
January ~9 , ~9 81
FOR VAI.UE KECEiY6D, the uadersianed. (jo+ndr and sevcraUy~ ii more than one~ ptomiaes w pay to
JOHN C. RICE and RUTH A. RICE, his wife
. ac oeder. ia dee tasaaer he~e~nJter ~peci!'ud.
che ~incipal wei ot THIRTY THOUSAND TfdO HUNDRED and NQ /100 DOI.LARS
( s 3~, 2~~. ~~ ) rith intecist ~rwn dstt at tbe rate of 1l~x per ccnt. per annum on tl~e balaece fcaa tiene w ti+ne remainir-s unpaid.
TA~ ~aid principsl and i~tesest ihall be papsbk in lawful awnef of the United States o[ Americs at 900 ColorSdo AVe., StuSlt,
Florida 33494 er at wch placc u may herratt~r be d~sisnated br «ritten notice trom the lwWa to tbe tnaker hereof. on
~he date and in ehe manner followins: ~
INTEREST ONLY PAYABLE IN SFMI-ANNUAL PAY~NTS IN THE AMOUNT OF TWO TE~OUSAND ONE HUNDRED
FOURTEEN and NO/100 ($2,114.00) DOLI,ARS BEGINNING THE ~rDAY OF JULY, A. D. 1981; AND
CONTINUING UNTIL ~~DAY OF JANUARY, A. D. 1982; AT WHIC~i T~ P_RINC~ ~ ST
PAYMENTS IN THE AMOUNT OF FOUR HUNDRED SIXTY-EIG~{T~nd 9~/lOD'-L$468.92) PAYABLE
MONTHLY SHAtL BEGIN ON THE ~~'DAY OF FEBRUARY, A. D. 1982 AND SHALL CONTINUE MONTNLY
THEREAFTER UNTIL THE,~~DAY OF JANUARY, A. D. h9~87`; T WHICH TIME THE FULL UNPAID '
PRINCIPAL AND INTEREST BECOMES DUE AND PAYABLE./~ ~~
`)
THIS IS A BALLOON MORTGA~GE AND TIiE FINAL PAYMENT OR T8E BALANCE DUE UPON MATURITY IS
APPROXIMATEI.Y $22,710.40, TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS
MADE BY T8E`MOBTGAGEE UNDER THE TERMS OF THIS I~ORTGAGL.
IF DEFALUT BE MADE IN THE PAYMENT OR ANY OF THE SUMS OR INTEREST ME IN OR
IN SAID MORTGAGE LATER THAN FIVE DAYS FROM DUE DATE THAN S II'1'PEREST
AT THE HIGHEST LAWPUL RATE AI.LOWED BY LAW.
THERE SHALL BE NO PREPAY!'~I~Tr PENALTY IN PART OR WHOLE ~
Thu note with intereit i~ secured b7 a mortRa4c on rca1 estate. of evea date herer+itb. made bp t6e v~aker 6eetof in fsvor of the uid
payee. and ~hall be construed and rn(orced accordins to the lavvi of the State ot Florida, Tbe tecros d wd mortsase a,se bp eh+s rtference
mad~ a part hereot.
If dctault be made in theps rment oE anr oI the sums or interest a~entioned lunein or in ~aid nwrtasae, or in tbe pedorrnsnoe of
anr ot tbe sgceu-ena contained hereie ar in uid mortssae, thm tbe eotire prinapal iwn ud sccrued iatere~t abs11 st tbe optan. ot the
holder hered become u once due aad oollectible r.ithout aotice, time beina o~ tbe euence; aod ~sid principa! wm and ac~eved intemt
~hall both bear intercst (rom rucb tia~e until paid at the bisbat rau aUowabk under the laMrs oE ebe Snte of Fiorida. Failure w exeewe
ehi~ option ~haU not corotitute a asiret o[ the riFbt ta ex+nci~e the ume in the event o~ aey subtcqveot ddaul~
Eub persoe liabk heseon w6eeher makn or endorser, herebp ~raiva presentment~ p*otat. n~tice notice oE ptotht aod iwtice o[ dis~
honor and asrees w pir sU casts. includina a rrasonable attorner'a fee, ~rAether iuit be brous6t or Aot~ i~. s(ter matunt~ oE tlus nae or de(aulc
berruader, or under said mortaaae. oouwei ahall be empbped to ooUect tl~ia note or to protect the securiq of aaid mortaaae.
W~llfIPYK Y!!d ~{tfllfl ~1t ~lfQN ~~~10~tf•~~ ~sfll~~[tfr~ ~lld ~~ n COpt~~ ~l! lIOSII~iT OT Q~~~ si ~It COtI{q[~ ZBir
require or admit.
Maker's Addcess .. ._._ .._ ........___ , _... .(SEI1L)
2 W~ ~Die
' ' ~ _........__.(SEAL)
~ 3~7 ~t,~ ~y3 Noreen S. Dreyer
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