HomeMy WebLinkAbout1840 , _ i +
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~'o ~4au~ and to ~l~ld !{~e sam~, Iogell~er tvii~e 1{~a te?iemenl~, herecliloments an~~ u~~purti~-
_ na?i~~s f~ier~tu ~~e~on~~in~~, a?ul 1~~~ ~~nls, issuc~~ an<I pro~lls t~~er~o~, u~~to f~~e Rtorlgagee, in ~ee simp~e. •
Iin~ I~ie n~orl~a~~ar covenanls ii~il~~ Ifin morlQagee I~iat Iho morfflagor is inc~ejen~t6ly se~tzec~ of sai~
Inncl in ~e~ slmp~e: f'~nl tl~e morlflapor ~~ds ~ooc~ rlghl ane~ ~aw~u~ aut~artty to convey said land os afore-
suicl: I~~at f~i~ morfpa~or wi~~ mc.~re ~uc~~ Ju~fl~er assurance~ fa perJPCI ~IIR ~ee slmple tllle to satc~ Iancl In Ihe
morl{~a~~~e ns m~y reasona~,~y be requirec~; th~t fhe mortgagor hereby ju~~y warranta the tit~e to aa~~ Ianc~
and u~ill d~~enrl Ihe sama a~ainst the !aw/ul clnims oj all person~ whomioever; and triat sa:d land is free
~?id clear o/ nll encum6ra~ices
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~ ~~~71~1~{L ]l[W~ys~ tha! i( saic~ mortgagor ahall pny unto satd rnortgagee t~?e certatn promis-
~ ~ sory note f~ereina~ter su6sfanti~illy 'copie~I or ic~enfi~tea, to-wtt: -
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80,000.00 Fort Pierce, Florida June 13 - 19 -
FG~~ VALUE RECEIVED, the undersigned~ j ointly and severally~ promise to pay to the ~
order of FIRS`'-' NATIONAL _BANK OF FORT PIERCE -
P. 0. Box 970 - - at Fort Pierce, Florida 33450 .
. the principal sum of EIGHTY THOUSAND and no/ 100- DOLLARS, with - ~
interest at the rate of 9 1 4 per cent per am~um from June 24, i975 until ~
~ paid, in installments as foll~~vs: " - -
One Hundred Zfaenty (120) equal monthly . paymeats of ONE THOUSAND ~
. TIrTE\TY-FOUR and 27/100's Dollars ($1;024.27) ,•wi~h the fi~rst
" ~ayment to commence July 20, 1975, and a like sum on the corres-
ponoing day of each like succeeding period rhereaEter unti~ the _
wno~e be fully paid_. Each installment shall_first be applied in ~
payment of :intexest and then on the ~unpaid. balance of the - 3-
~ 'principal.sum. - j
A late payrilent charge not ~ceeding ~/o of the delinquent paym~nt sha7.1 be ~added ~
to each instal]ment remauling unpaid five (5) days after its due date, ~?d a
- like sun shall be ad~.ed to each such installm~t tmpaid five days a~ter e~ch ;
succeeding pay~rent date. The maker reserves thz right of prepayment ~
at any time without penalty, in w'nola or in part. . -
. If any installment be not promp~ly paid wit'r.in ~eIL days next after the same be- :
comes due, then, at the option of the holdcr hereof, the full amount remaining due upon
this note shall t'nereupon become due 2nd payable at once, togethzr with all other inde~at- #
edness stipulated in this note ~r?d in the mortgage given to secure ~l-?e same. - ~ ~
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Tne maker$ and enciorsers of this note furth er agree to wa:ve notice of non-payment,
- protest- and demand for paym~nt, and in case suit shall be brought~ for the collection ~o~ . ~
- hereoi or the same shall'be collected upon derr.and of an attorn~y, to pay all expenses ::8'
of such cQllection, including z reasonab':e attorney's fee reon. ~
$0,G00.00 ~
Pl'OC22(~S . . . . . . . . . . . . . . . _ ,
~ 2. N,ortgage ~tle~ Ins~ance 46~ • ~4 . ~ ~
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- 3. ~ecordir~ costs . . . . . . . . . 328.04 - ~ Z AL ;
~ 4. Affaunt Fin~ced...... -~Lorin H: Garrett F
- S. Finance charge............ 42,912.40 , - - ~ - ~
~ 122,912.40 ~
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f 6 . Tatal- paymerats . . . . . . . . . . , - (SEAL) `
~ _ 7 , Annual percentage rate . . . . 9 1/4% - - - _ : . _ - ; _ _
' 8. Abstract Continuatian..... . 35,0p State DocumEntary ~
' . - amount of $120 attac~he~sto c~~~inal ~ ~
9. Attomey's Fee............ 2d~•~~ and canceled. '
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