HomeMy WebLinkAbout2248~o ~iaue and to ~iold I~u• s~un~•, fu~~i•t~i~~r toif~~ I~~i• f~nemNi~fs, hrrrc~ilampnls a-u~ appurlP
'I n~uu-es flu~mlo ~u•~on~~inq. a-u~ 1~~~ rnnfs. issui~s an~~ p-ujifs I~~enw~. ~uifu I~~P morigager. in JPP simp~P.
l~I~~ I~u~ murl~~u~~or ~•o~~~~~~u-~fs ~nil~~ I~~i~ m<»f~~a~~~~~• f~~of fhe morlgagur is in~~eJeasih~y seizet~ oJ sai~~
~aru~ in ~~•i~ simp~~•; i~~al f~~~ morl9~fior ~~as goo~~ rig~~t un~~ ~awjul aufl~orily lo connPy sai~ ~an~ as aJore
sai~1; t1~at fh~ nwrf~~a~~or u~ill malr~ sueli jurfl~vr assuranc~s fo per~ec~! the )ee simple tit~e to said land in Ihp
morl~~a~~~~i• as mu~~ n~asuna6ly h~ r~~luir~cl: Ihal Ihe morf,ya~~or here6y (u~~y u~arranls the lille lo said ~a~id
u-i~~ u~i~~ c~~•j~~n~~ 1~u• samr ~f~ainsl f~~e ~aw~u~ c~aims oJ a~~ persuns u~homsoPt~er: and ltiaf saia ~anc~ is ~ree
ruul ~•lr~r o~ all ~~n~-um6rnn~•~s exoept for final ad valorn.~n real property taxes fOr
1980 and subse~ent y~ars, and a First Irbrtgage from Ralph H. Fbgg arid Sharan
I~ F'ogg, his wife, to First Federal Savings & I~oan Associati~ of Fbrt Pitrce,
in the original principal am~uit of $66,000.00, 3ated May 4, 1975 and rev~rded
in O,R. Boalc 311, Page 1816, of the Public R~vords of Saint Lucie County,
Florida.
~rouided ~tways, f~~al i j sai~I moN~~a~~ur s~ia~~ pay ~u~fo sai~ mort,yngeP ftie cerlain promis
sory nuf~~ ~uv~~innffrr su~~cfanlia~~y ropicv~ or it~~~nfi~i~~t~. to ~rif:
PI?l1NQSSORY NC7I~
a 20,000.00 , May 4, 1981
~ Fbrt Pierce, Florida
For vali:e received, I, we or eitner of us, pramise to pay, without defalcation,
~o t~e Order o~ FTARII~ AANI~ AT FORT PIER(~, SOl Orange Avenue, Pbst Office Box 3469,
~ ort Pierce, Florida, the sum of Zt~aenty Zhousand Dollars ($20, 000 . 00 ),~a~:n c~nand, with
interest fran th~e date hereof, or any advanoes here~r3er, at a v.ariable rate, ~ich shall
from time to time, autamatically increase or decrease, so that at all times it shall be
~~,~uivalent t,o the prime rate, p].us twc~ peroent (2$) , the prime rate shall be the prine
iending rate as establisned by FLaRIA NATION~IL HA-~S OF FII~RII)A, INC., Jadcsa~ville,
r'lorida. Any change of sLrh Prime Rat~e shall be effective at the beginning of the busi-
ness day, uPon which such change occurs. Interest shall be payable in oansecutive mcctthly
instal]mP.nts upc~ ti~e first day of eadi mQnth, vo~:mencing up~n Aoril l, 1981.
Each installment first shall be applied in paymerit of the interest and then on the
;~:~paid balanoe of t.,`~e principal st.ar~. If any default is made in the payme~it of any in-
stallr~r-t of interest ~n due,. and such clefault ooaitinues for fiftaen (15) days, then
at ti~e opt,i~on of t:e holder, and witiwut any other notice, the entire principal balance
~Lr Gtar,rl; n~ arld all aocnied interest shal.l be due arid payable at onoe.
Privilege is ~iven to grega1 this I~bt~ in ~Imle or in part at any tim~ witt~t
:~.:-~alty. Neithe= forebearaiu~e .:or acoeptanoe by the holder hereof after any default in
;-~;rments herE.'an s:~ll be des~d an extensian. Interest, at tne rate specified herei.n,
:.: all ~ntinue to aocure upon an~ ir.terest paym~nts i f not mac3~ wY~en due .
Each ma;cer, surety and endors~ hereof, jointly and severally, wa.ives dgn~nd,
-_ = ~sentme.nt, protest and Notice o` protest for nonpaytrent, arz~ further agrees to any
:,~:tensior: of tirr.~ of payment, eit~ before or after maturity, without n~otioe to any of
~~:;; and to pay at~ costs of collec}~on, including a reasonable attorneys' fee for any and
:-~ 11 proceedings, a~pellate or oth~rwise, in the event of any default herewzd~r, arra
:.~ reby severally waives all bene fi ~ of hanest~ead and exenpt? on ~der tt~e o~nstitution and
]~:as of each State of the ifiited S:ates, as against this obligati.on cr any ext~nsion or.
~ ~=nerMal hereof .
trTl'INFSS the hand and seal of each party.
/s~ T~I.PH H . FOC,G
RAI~H H. FOCyG
/s~ SI-i~I2CN L. FC)C~
SHI~OIJ L. FC)GG
~~+~x349 ~~~E2247