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HomeMy WebLinkAbout1489, ~o ~iaue and to ~iotd 1~~~ sumi~, fup~l~~e~ tvilh f~~~ fenemenls. Iiere<Iilumenls an~~ uppwtr ~ianc~~s I~i~n•fo ~-~•~on~~inc~. an~~ f~i~ renfs. issu~s an~l proJiis ti~Nrno~. w~fo 1{~P morf,yagee. jn ~pr simp~e. ~M '~ 17n~ f~i~ morigac~or rov~•nnnfs u~if{~ f~~P morfga~Pe f~~at f~-e mori~agor is indeJeasi~~~y seizc~ o~ said ~u~~~~ in Ji•i~ simp~~•: I~~~t f~i~ mortgaflor ~~ns goo~ ri~tit an~ ~aw~u~ aulhority to convey saic~ ~nn~~ as a~ore- suirl: IGoI ~1~~ niuri~~a{~or u~i~~ make sucl~ /infl~er assurane•es to per~PC~ IhP (ee aimple fit~e to said ~and in Il~e muri~~uiJe~i~ us mn~ r~~osunu~,~y Er~ requirptl; Ihat 1{~e morfs~ngor I~ere~~y ~u~ty warranfs I~~e lit~e fo sai~ ~an~ m~ri ~rill ~l~~j~~n~l thn sumr ~uJuinsl 1hr I~iu~u1 claims o/ al~ pprso~~s wl~omsoei~er, and Iha! said land is free i ~ , i n ~ ~~_ .::::: --~ - - - - ::••:: •:i •::: •:•~ •~~+:• •~:~~., c~~c~ii, i.iiv~c i.oi~c~ a~i.i u iiiy ~I,IIIJCyUCt11, i,v December 31, 1980. ~: . ~rou~ded ~tways~ t~~af i~ sai~ morfgnyor 5ha11 Pay unlo saic~ morlgngee ttie cerlnin promis- sor~ note {~i~r~in~(t~r su~,stanlia~~y copif~r~ or ic~enli~iec~. fo-wif: MORTGAGE NOTE1 ; 19,500,00 Port ST, Lucie March 2Q FOR VALUE RECEIVED~ the undenigned, (jointly and ~everally~ it more than one) promiui to pay to HAROLD [?ORN and EVELYN DORN, his wife . Florida .198~ . or order, in the manner hereina(ter tpecified~ ~he prineipal ~~ oi NINETEEN THOUSAND FIVE HUNDRED DOLLARS AND NO/100-------------~100 DOLLARS (j ~ 9, 50~. ~~ ) wit6 intenit~ rom date at the rate of ~ ~ pcr «nt_ per annum on the balance Irom time to time remainins unpaid. TAe iaid principal and interest ahall be payable ia law[ul money of t6e United Stata ot Amerin at 555 Butternut Dr ., Hol l and ~ Michigan 49423 or at ~uch place a~ may her~att~r be design~ted by writt~n notic~ (rom thr holder to the maker hereot~ on ehc ~:te a~d in the manner following: ~ ~ Both principal and interest due and payable in SIXTY (60) equal monthly installments of ~2b8,62 beginning April 20, 1981 and :~onthly thereafter up to and including March 20, 1986. On April 20, 1986 the remaining principal balance of E 12~621.98, plus interest will become due and payable. PREPAYMENT PENALTY: 10% of the unpaid principal if paid off in 1981. 8% of the unpaid principal if paid off in 1982. 5% of the unpaid principal if paid off in 1983. 'I~hi~ nete with interest i~ ucured by a mortgaRt on real e~tate, of even dat~ h~r~with. made bv th~ maker h~r~o( in fa~•or of th~ said vayee~ and ahaU be construed and entorced arcording to the laws of the St~te of Florida. I( dc(ault be made in the payment o( any of the tum~ or interest mentioned h~r~in or in uid mortg~gr, or in the per(ormance of any o[ the agreemenb contained hercin or in uid mortgage, then the entire principal sum and acuucd inter~~t ihall at the option of th~ holder hereo( become at once due and collectibk without notice~ time being o[ the esxnce; and uid principal sum and accrurd inter~st :hall both bear interest from such time until paid at the highut rate albwable under the lawt o[ the State of Florida. Failure to exercise thii option ihall not con~titute a waiver of the right to exeruse the sune in the cvent of any subsequent default. Each perwn Gable herean whether r:aker or endorser, hereby waives presentment, protest, notice, notice o( protest and notice o( dis- honor and agree~ to p~y all cosb, includina a reasonable attorney'a fee, wh~th~r suit be brought or not, i(, after mituritr of this note or default hereunder~ or under uid mortgage, couaul ~hall be empbyed to collect thif noie or to p~otect the xcurity uf said mortgage. Whenever used herein the temu "holder", "maker" and "payee" ahall bc con~trued in the singular or plural a~ the context may r~quirc or admit. Maker's Addrea RAMCO FORM S~ /S/ ~S~ 51~5 Hickory Ilr. -- - Ft....P.ier.c.e,---Ela.....33k5_Q------------- ---~-----.....----~- - A`ARC RABINS .........--•----...._..•--- -----~~ ...............................••-,.-..........._........(SEAL) MARC RABINS KERP.Y RABIN~ ............. ............:.........(SEAL~ KERP,Y_..RABI.N.S....-~--~ ---~- ---~--....... ... ............~---......8t)OK~~~- PAGE ~~~ ..._.._....--- - -~-cse~L~ ............................ ....................... ........................~ --•---........(SF.AL)