HomeMy WebLinkAbout2609~o ~inue ~nd to ~old f~~~ surn~~. fo{~r!{~er wil~~ t~~e fNnemenfs. tiere~~ilumPnb un~ appu-fv
nanc~~s I~~~rnfo ~~~~u~illinc~. an~~ 1~~e r~nfs. issues unc~ pro~ils fhereo~. unfo l~~e mo-tgagee. !n jee ttmp~e.
~~ the mortgagor covenanls wlth Ihe morfgagee ihot ~h. ~~AQAo. t, t~d.Jaw~bly aetzed o/ sntd
land In /ee aimple: t1~nt the mortgagor hw good -tght and lawjul authority to convey ,atd la.~d w aJoro-
said: thal the mor~gnpo~ u-iII make such jurtl~sr nssurancea to per(vct ths /ee a[mple t~tb to aatd Iand in ths
mortf~agee as may • reasona6ly 6e required: that the morteagor hsroby ~ully warranti the ~trl~ eo •,atd bnd
and u~ill defend the same agninst ths law/ul clnims o/ aI1 penons u~l~omswver ~d ehat :atd lw~d u Jroe
and cle~r oJ all encum6rances ,.
Taxes subsequent to 1980.
~~V~~ ILLW~~s~ fha! i~ said mortgagor al~aU par unto said mortgagee fhe certain promL-
sory note hereina~ter subslantially copied or idenll~fsd, to-arit:
47,000.00 Fort Pierce, Florida March 16, 1981
For value received, the undersigned promises to pay to the order ,
of WILLIAM F. SAI~SON, EMERSON G. SAI~SON and HOWARD W. SAt~SON,
at 3150 River Drive,- Fort Pierce, Flozids 3's45G, ot
at such other place vithir. the Uaited States of America vhich the holder hereoi
may designate in writin^ to the undcrsigned, th~ su~ of Forty Seven
Thousand ($47,000.0~)----------------------------------------Do2lars,
in installments, as follovs: Eleven (11) consecutive ~onthly ir.sto:ir~ea;.s
in the amount of $ 509.17 each, due and psyable on the 16th day o:
each calendar manth 1~ereafter, coscnencing on A ril 16 , i9 81 ,
and a BALL00~ and final install ~ nt of $ 47,
• ~ue o.-,c p~y~bie
or. the 15th day of March . , 19 tobEtt~er
. v:tr. i: :~r es: ~:~
the nnpai~~ balance hereof fr t dote hereof at the rate o; 13 ?ercent
(13~) per annum, payable on the ss:~e dates i.-~s ta~lraents of princi~~oi ~ are ~ue.
lf any one or more of the following events st~ould happen: There ss.ov2d be a
d~fault in the paymen[ o: interes~ or ar. instal:a~eni of princ:pal due f:ere:.r~oer,
or any party hereto shouid make an assignz~ent for the benefit ot his crecitors,
o: attachment ot garnisnment proceedings should be comnienced, or a judg.~.cnt bE
entered against any pErty to this note, or a receiver be appa:r.te4 over ony
property of any party hereto, or proceedia~s be instituted by or against any
party hereto under the Bsnkruptcy Act, as amended, tne holder hereof may, ~t
his option, vithout notic~ or deznand, declare this note iurnediately due a:d
payable. After the maturity of this note, Whether by scceleration or otherwisc-,
it ahall bear interest at the highest legal rate.
The holaer here~~f a~a~, ~:ithout notice aad vithout releasing the liability ~f
a~y party hereto, grant extensions or renevols hereof froW time to ti~~e ~nc: fcr
any term or terms, add or release one or more parties hereto, acyuire ad~~tior.~:
security, or release any securfty in whole az ip part. ihe holder here~: s:~:~
not be liable for or pre~u~iced by failure to collect or for lack of d:~i~;er.ce
in bringing suit on this note oz any reneual or extensior. hereof.
Al l pa z~f es r.ereto waive ;: rotest and agree that, in t;~e event a oe: acl t occ:,zs
a~d this note is placeZ ir~ tne hs.-~ds of a~ attorney for collection. tney wiiS
pay iifteen per cent (:5~; of the principal hereof as attorney's fee. i~.c
w•ords "any party hereto" or "all parties hereto" shall, in adZitior. to the
u:~dersiFned, inc~udz enalorsers, s~reties sad guarar.tors of this noze, a:~::
t1~e word "undersi~r.ed" s:ail :nclude the singular as well as the p~urs: r;~.bE: .
~ Right to pre-payment ~.~thout penalty.
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) omas A. Osteen
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B~OXJ~ PAGE~~ ~iary~ ~~ stee ~ (SEAL) -
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