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.
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'~ 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 ~ ~~_
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::••:: •:i •::: •:•~ •~~+:• •~:~~., c~~c~ii, i.iiv~c i.oi~c~ a~i.i u iiiy ~I,IIIJCyUCt11, i,v
December 31, 1980.
~:
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~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)