HomeMy WebLinkAbout0939 ¦KiV~ ~IIl1i ~0 1W~ IhP iamr. fo{~eftier u~ilti fhe feneenenl~, tiefec~ilument~ and appurlr i
?~anrrs I~~rrPtu f~r~unl~in~~. cu:~~ f~ie• r~nls. isaues anc~ pro~ils t{~srro~. unfo Itie morlgogtt, in ~k simp~~.
~nd th~ mu?f{~agur i~oi~~nants u~ith thP mortgagee Ihat tl~e rnwtgapor i~ inde~ewibly seizpd of said ~
land in ~~~P simple; Ihaf thp mortpago~ has pood righ! and lnw~ul aulhorily Io convey taicl ~and ai afore- i
s~id; thal t{~P morly~{~or u~i~l make such ~urthe? assuronce~ fo per(PCt the /ee ~imple tille to eaid land in tl~e ~
morf{)ugee ns may rpasona6ly be reyuired: thaf the morfgagor he~eby (ully warranls the tifle to aaid land i
an~i ie~i~~ ~~~~e~n~ tl~e same againsf fhe ~aw~u~ c~uims o~ a~~ penoru whomaoei~er; an~ ltinf said ~an~ ia jree ~
; an~ c~vnr ol a~~ encumhrances ; subjeet t0 restrictions, reservations and
easements; of reco~d, zoning ordinances, if any; and taxes accruing ~
subseq~aent to December 31, 1984 ~
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~ ~rouided ~llways, that i~ said mortgagor aha~I pay unto said mortgagee the certnin promia-
i sory nofe hereinajter su6stnntially copied or identi~ied. to-wit: i
M01~TQAGE NOT[
i16, 000. 00 Stuart , Fbr~d~
~ , ~ 9 8 5
FOR VALUE RECEIVED, thc uadeni ned (joindy :nd ~e~~erall if more isan one) promixa to pay to
JOHN W. TYLER and MA~G~,RET F. TYLE~ft, his wife
, or order. in the maaner hereinatter yxciGed,
o~ SIXTEEN THOUSAND and NO/100--------------------------~100 DOLLAxs
16 ~ 0 0 0. 0 D M'~t6 inten~t (rom date ~t tbe rate of 12 $ per eent. pu annum on ehe baLnce from timc to time remainin; unpaid.
The wd principal and interat shall be payablt in lawful money o( t6e United Suta of Ameziu st 269 S. E. Fourth Avenue
Pompano Beaeh ~ F'1 3o~~t6skch placc as may h~n•att~r be dctignatcd by writtcn notice (rom the 6older to the maker hereof~ on
the date and in ehc manner follow~ng:
~ INTEREST ONLY PAYABLE IN QUARTERLY PAYMENTS OF FOUR HUNDRED EIGHTY and
NO/Z00----($480.00) DOLLARS BEGINNING THE DAY OF _J~~_, A. D. 1985;
i AND CONTINUING THEREAFTER UNTIL THE DAY OF , A. D. 1988.
! THIS NOTE MAY BE PREPAID AT ANY TIME WITHOUT PENALTY
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` '!'hu note with interett u ~ecured by a mortgaqe on real estate, o( even date 6erewith. made bv the maker hercof in favor of the ~aid
r DayK~ ~nd ~hall be conitrued and enforced according to thc law: o[ the 5utc of Fbrida.
I( default be made in the payment o( any o( the •umt or intuut menuoned herein or in said mortgaae, or in the per[ormance of
sny of tbe agrecmenu coatained huein or in ~aid mortgage, thrn the entise princupal aum and accrued iaterctt ~all at the option of the
holder hereof become at oace due and coikctibk without notice, tiase being of the es~ence; and saud principal tum and accrued intere~t
•hall both beat interctt from iuch time until paid :t the highat rate albwsble under the lawt o[ tbc State of Fbrida. Failure to ezetciac '
thu optian ~haU aot coniutute s waiver of the right to exercise the tame in the event of any wbiequeat default. j
Each penon lisble hereon whether maker or endoner, hereby waivei prcsenaneat, proteit~ notiee notice ot prosest and notice of dir
bonor and agreei W pay all coats, including a rcasonabk attorney'~ tee, whether ~uit be 6roug6t or not, ij, after m~turity of this nott or default
Izcreundu, or under uid mortgage, couaxl ~hall be empbyed to eollect thii note or to prouct the ~ecurity of aaid mortgage.
Khenever uud herein the term~ "holder", "maker" and "payee' th be cotutru in the singular or plurat as the conte:t mag
, require or admit. ' ~
`~-..9 F aQ 'r•~~a".~
: Maker's Addreu ...........(SEAL)
~ c/o 501 E. Osceola St. ~Edward~~"F:~~~~ReiIly;~~~~as~~~~rustee
~ Stuart, Florida 33494 ..............................................~--..._...----.............~sEr?L~
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........(SEAL)
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