HomeMy WebLinkAbout0981 I~ I
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i' ~o ~iaue and to ~toid ~
, lE~e same, foqet'ier wit{? !{~e tenemenfs, ~erec~itamenb anc~ appurle- I
r~anci~s l~iPreto ~~f•~onryinq, nnt~ t~ie renfs, issues antl proJils t{~ereoj, unio 1~?e mortgagee, in ~ee simp~e. ~
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lln~ f{~e mortgagor coi~enanfs u~il~ the morff~agee 1{iat the mortgagor is inde~easibly seize~ o~ said ~
':j land in rPP ~im~~(v: Ihat tl~e mortgnc~or {~as goocl ri~ht and (nw~ul aufhorilq to coni~ey said Iand as a~orr- ~
said: that tfie mortga~or iaiU muke such /urther assurunces to perfact !~e Jee simple title to said land in l1~e
mortyay~e as may ~~oso„ab[y be requirecl, t{~at the morlgagor here6y /u~~y warrants t{te lit~e to said land
a+ecl u~ill dP/~nd 1{ie s~me againsl !tie lawJul claims oJ al~ persons u~homaoeuer; anc~ tl~at snid lnnd is ~ree ~
°nr~ c~enr c~~ a~~ encum6rances, exeept tSX@S aeeruing subsequent t0 `
i; De~ember 31, 1985. ~
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; rou~ded ~tways~ f{~at tj saic{ mortgagor sjia~~ pay unto sait~ mortgagee tfie certnin promis- ~
! sory nolP ~ereinaEter substantia~ly copie~{ or i~{enti~ie~{, to wit: '
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w• t~,.. J~fAMI.U t OHM Sj
s45.000.00 Port St. Lucie, ii~~~.~i,
January , 86
FUR ~'ALUE RECEI\'f.U, thc uodersigned, (juintly and srve~rally, iE more than one) promiscs to pa~• to
IRMA B. PURDY
, er ordrr~ in the manner h~reinaRer spe~cifi~~l,
che Princ~pal s~m oE FORTY-FIVE THOUSAND AND NO/ZOO - - - - - - - - - -/~Qp DOLI.AR~
(S45 ~ n~~ . wit6 interut from date at the rate of Z 1 p~r cent. per annum on the batance rom tirj~~ Co time remainin~ unr~.i+i.
Th~ said principal an3 int~rest shall be payab{e in lawful t~soney of the United States of Amrrica at C O W111 iam H. Pure~y
:~3rc~in ton t~ills MI 48018 . 3 914 Charter Crest St.
g or at such ptac~ as may herrakrr be drsi,qnated by wnttrn notice lrom the holder to 1he makcn c~ m~~l, ~,n
th~ datc and in th~ mannet (ollowinG:
Principal and interest is due and payable in THIRTY-FIVE (35)
equal and consecutive monthly installments of FOUR HUNDRED
TWENTY-EIGHT DOLLARS AND FIFTY-FIVE CENTS ($428.55), beginning
February 15, 1986, and monthly thereafter up to and including
December 15, 1988. On January Z5, 1989, the entire principal
balance plus the interest due thereon is due and payable in
the amount of FORTY-FOUR THOUSAND SEVEN HUNDRED FORTY-SEVEN
DOLLARS AND FIFTY-ONE CENTS ($44,747.51).
THE MAKERS RESERVE THE RIGHT TO PREPAY AT ANY TIME WITHOUT PENALTY
This not~ with intcrest is xcured by a mortRaqc on real e~tate, o[ ~r•en dat~ hercwith, made by the maker hercof in (avor of the said
payee, and shall be construed and en(orced accotding to the lawi of the State o[ Fbrida.
I( d~(ault be made in thc payment ot any o( the iuma or interest mentioned herein or in uid mortgage, or in tht prr(ormanc~ o!
an~~ of the agreementt corttained herrin ot in said mortgage, then the entire principal ~um and accrued intereit ihall at the eption of thc
hold~r hereo( berome at once due and collectible without aotice, time being of the euence; and uid principal ium and accru~d interest
shall both bear inter~~t irom ~uch time until paid at tht highut rate allowable under the law~ of the State of Florida. F~ilure to exercisc
thi~ option ~ha!! not constitute s waiver of the right to exerci~e the tame in t6e event ot any iubuquent defrult.
Each pcrsor~ liable hereon whether ma]~er or endorur, bereby waives preuntment, protest, notice notice a( protest and notice o( dis•
honor and agrecs to pay all costs, including a reasonablt attorney's fse, whcther iuit be brought or not, ir, after maturity of this note or dcf:~ulc
hcreunder, or under said mortgage, counul ~hall be employed to colktt lhi~ note or to protect the iecurity of said mortRage.
~~'h~never uxd herein the ternu "holder", "maker" and "payed' atl be constr ed ' tEte ~ingular or plural as the contrxt may
rcquir~ or admet.
Maker'i Address .R..~.. R.... ...._(SEAL)
337 North Water Street .
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Decatur, Illinois 62523 ~ ~ ~ ~ ....~.~~....~_....~sF:«.,
~ ; 1 JOYCE . OGUE ~.R
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