HomeMy WebLinkAbout0979 i
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I~ T1iWe fii~ W IW~ !he same, togetf~er wlth !he fenemenft, heredtfaments and appurte-
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nances t{~ereto bejonginc~, anc~ t{~e rents, issuea und pro(ils thereo`, unfo tke mortgnge~, in ~ee simp~e.
~ ~he mo~tga9or covennnts with the morlgagea tl?at the mortgagor i~ tndejeasi6ly seized of aaid
lnnd in Jee simple; that the .mRrtgagor h~ good rtgl~t und lau~~ul authorlty to convey ~~d la,td as a~ore-
~ said; that the mortgagor will mnke such Jurther ossurnncei to per~ect the Jee i~mple ttlle to iald Iand !n tke
~ mortgagee as may reasonn6ly 6e required: that tl~e mortgngor here6y /ully tuarrunts the title to sald land
and u~ill defend the same agairwt t{~e Iaw/uI clnims oJ all persons whomsoever; and lhat anid Iand ii /ree
and clear oJ aIl encum6mncea .
In the event the mortgagor is required to pay any funds as a
result of claims against the mortgagee, same will be credited agains
~ the next payments due on inis n~ze a~~u iiiul~tyciyc.
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i ~V~~ ~~st that i f said mortgngor sha~~ pay unto saic~ mortgagee the certain promta-
~ sory note he?eina~ter substantta~~y copied or ic~enti~tec~, to-wit: I
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! R! S'~f4~L!'~ ~r+IT N ~.7TlE
= 3 2 5, 00 0. 0 0 ~t Pierce, Florida, Mav 31 , ~ q 8 5
For value received we, jointly and severally, as prinicipal promise to pay without defalcation to the order
of EDWARD F. MATULA and RUTH A. MATULA, his wife
at the office of said payee in Fort Pierce, Florids, the sum of Three Hundred Twenty-Five Thou-
sand ($325,000.00) and no/100-----------------------------
DOllARS,
with interest from date at the rate of ten y~. p~~ annum, in monthly installments, payable as fdlows, to-wit:
S 3, 4 9 2. 4 9 pipq~cRS, on the day of June q8 5
and $ 4 9 2. 4 9 pip~yX~, on the 3 0 th day of each succeeding month there-
afrer unril ka~xatmk}cyoatxqo~~cbcttot b~c~ May 31~~~5 ~~c~t,uneethe entire renaini.ulg
j~~ 1 ~ terest. Yant
j pr~~fch installm~nt fint sFull ~ sppli~d i~ paym~M of th~ int~r~st ~nd t?~en on t!» unpaid b~l~ne~ of th~ priexipal sum. If d~Fauh
is mdt in tM payrn~~t of ~ny inst~llm~nt wh~n dw, tMn. ~t th~ option of th~ p~ye~ •fl th~ nmaininp irat~llmtnb shall Mcorne due u~d
k p~y~bl~ ~t once. Vrivilp~ is 9iven fo p~y two o~ ma~ imt~llments st any firr~e.
~ Shovld it ~ecomt necessary to collect thii note thro~yh an •rto~ney, either of us, wFwthe? makN, svnty w indor~er on this note
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1?~~~by aprees to p~y all costs of collection, includinp • reasonable atbrn~y's fN.
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E TM m:kers, ture~iss and indorien Mreof uver~IFy w~ive presentment, prote~t ~nd rat:ce of protes~ for nonpayrtknt of this not~
~ ~nd agree that ths time of in m~turiry m~y be extended bela~ u•fter maturity and do furth~r kver~lly ~yree to any r~~ewil th~rwf befw~
w.fr.r mar~.iry, M,~rFwu, nor~u of r?,en,. TH I S I S A BALLOON NOTE .
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