HomeMy WebLinkAbout1237 , , ti
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i~~~ t~ 7~~~~ f~~o same, fofletRer u~[lh Ihe tvnemer~ts, heredttnments nnc~ appurl~-
nances Ihereto ~olon~inp, nnc{ i'?v renis, issuea are~l {~ro;l~s t{~erQO~, unlo I~iu mori~apee, tn ~Qe stmple.
~i~~ •!he morfflnpor covenanls will~ tF~e morlpa~ee fha! the n~ortpa{~or Is inc~eJenaib~y selzec{ oj sai~ ~
~anc~ in ~ee simple; I~iat i{~e morfpagor ~as floocl rifllil ortc~ ~aw~ei~ a~~l~~erily lo conve.y sat~~ ~cind os g~ore-
saic~; l~af t~~o morlf~n~or u~i« make suc~~ ~urlf~er assttrar~res to per~ec! fee simple fitle fo satc~ Iunc~ in fEie
mortgagee as mny rensonn6~y I~e requirc~c~; lhat 1{~e morffla~or {~eref~y ~u~~y ~u~rranfs 1{~e ttt~e fo said ~arc{
and wlll deJe?id lhv snme a~ai?isl the laiuf ul claims o~ nll p~rsons whomsoei~er: an't{ lhat said lanc~ is )reo
ar~d clear oj al[ encumbrances . " "
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~rou~ded ~llways, t{iad i~ saic~ mortgagor sha~l pny unlo saic~ mortgagee Ilie certaiR promis-
~ sory nole hereina~ter su6stanlially copied or ic~enti jiec~. to-wil: :
~ MORTGAGE NOTE
5`?~.~~~~ - Port St. Lucie Ftorida
. . pate: ~7unE_ ~1~ _ 1975 . _ -
_ For value received, the undersigned, jointly and severally. promise ta pay to the order of -
. ----~=--'Por~t,. Lucie ~an'~c
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_ _ - _ P~ 9._~BQx _43$1 --PQr~_ S~._~,uc~~--r
tc~rida------ -
;he principal sum of _ OTt~f--~YlOAS~Id _~IIL~ IIO~~.QQ--~---r---- - . _ _ _ Dollairs .
(S ~rG ~ CvJ.00 with interest thereon from date, payable monthly, at ihe rate of __E~ht per cent
per annum; the interest and principal of this no~e payable in instalments as fotlows: .
E3eginning on the first day of Atl~~'tiSt_1 _ ~ 19 _ , ihe sum of _ _ _ _
~ isca ~iundred ~.ighty-t~ro _and _2~/100-- - - _ . Dol~ars -
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•27 . and ihe same amount on the same day of each month thereafter, and the balance of principal
i ~ayabie on the first day of _ JUly ~ ig $0 , The aforesaid monihfy paymeMs are to be applied first to interest
~ at tne rate aforesaid due month(y upon the principal sum or so much thereof as shall from time to time remain unpaid, and
tne balance of each monthly payment shall be applied on account of principal. ~
Alt instalments of interest and principal are payable 2t the office of the payee in ~prt St. i,UC16
~~o;~aa, or at sucl~ other place as the holder hereof may designate in writing, in laNful m~ney of the United States of America. If
ar,y of sa~d instalments of inter~st and principal shall not bs paid when due, then the entire principal sum and accrued interest ~
snali become due and payable at once, at the option of the legal holder of this note. Failure to exercise this option shall ~ot
- constitute a waiver of the right to exercise the same in the event of ar~y subsequent default. '
' li is further agreed that each maker and endorser, jointfy and severalty, shall pay all costs of collection, including a .
_ reasorabie attorney's fee, on failure to pay the principal of this note or any interest thereon at maturity. This note and all
s~~ms due hereunder shali bear interest at the rate of ten (10) per cent per annum from due date until paid. 7t~e total interest
payable hereunder shall not in any one year e~cceed the highest lawfu~ rate af interest in Florida. _ -
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The maicers a~d endorsers hereof he~eby severally waive presentment for payment, protest ar~d notice of protFSt and
~ non-payment of this note, and~ expressly ag~ee jointly and severally to remain and continue bound for the payment of the
; pr~ncipai and interest ~rcvided for by the terms of this note, notwithstanding any extension or e~ctensions of :he time of, cr
~ far ine payment of said principal or interest, or any change or changes in the amount or amounts agreed to be paid under or
~ by virtue of the obligation to pay provided for in this note, or any change o~ chanrces by way of release or surrender or suhsti.
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; tuticn of any real estate and collateral, or either, held as security for this note, and waive all and every kind of notice ot such
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~ extens~cn or extensions, change or changes, and agrez that the same may be made without the joinder of the undersigned. _
~ _ - _ . ~-----1 Ag~~ii~a F~ca~s c.
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