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l; ~'o ~iave and to ~lold l~e same, toyether with the lenemerits. ~eredilament~ and appurle- ~
nani•es lEeereto E~e~onc~inr~, an~{ t~~e rnnts, issues anc] projifs thereo~, unto I~~e mortgagee, in ~ee ~impje.
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~LI~U t~ie morfyaqo~ covenru~ls u~ifh t~e mortgagee lhat f~ee morlgngor is inc~e%~;61y seizet~ o~ said
;i Iand in fee simple; rhnt thp +nortgagor has go«1 right and law~ul authority to conuey ~aid ~and as afore-
! said: f{~at t{~e morf~a~or wi« make suc{~ further nssurancea to perJe~c! the fee ~imp~e tif~e fo said ~and in the ~
~f morff~a~ee as may rensona6ly 6e required: thcet t{~e mortgagor here6y ~ul~y u,nrrnnls the tille to aaic~ lnnd ~
and u~ill dP(end the same aga~nst the lau~~ul claims of nI~ persons whomsoever; and lhat said lnnd ia ~ree
and clear oJ nll enc~umbrances except taxes accruing subsequent to December 31 , 1985 . ,
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~rou~ded ~tways, that i~ saic~ mortgngor shall Pay unto saic~ mortgagee the certain proniis- ~
~t sory note hereina~ter sub~tantial~y copipc~ or identi~iec~, to-wit:
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MDRTGAGE NOTE 11AMC0 iORM 8~
hew Jersey
~ 2 , C'0(, . 00 Cranford ~
February~~ , Igg6,
FOR VALUE RECEIVED, the undet~ignrd, (jointly and sc~•era:ly, if more than one) promises to pay to
GLYNN A, PADRICK ~ PATR~CIA S. PADRICK, his wife
~ or order, in the manner hereinaiter :pecitied,
ci:e prineipal sum oi TWO THOUSAIv'D r~u~1D ~10 /100 DOLLARS
S 2, 000 . 00 ) with interat from date at the rate of 10 . 0 M< <ent. per annum on the balance (rocn time to time remaining uapaid.
i he said principal and interest shall be payable in lawful money of the L'nited Statei oE America at 1218 M3hlman, Rosenberg,
Texas 77471 or at such place as may hereaft~r be designated by written notice Irom the holder to the maker hereo(, on
the date and in the manner fol(owing:
Principal payment of $1,000.00 due and payable May 24, I986, then second and final
payment, plus interest will be due and payable August 24, 198b.
THE MAKERS RESERVE THE RIGHT~TO PREPAY AT A~~ TIME WITHOUT PENALTY.
Thia note with interest is secured by a mortqaqe on teal estate, of even date herewith. made bv the maker hercof in favor of the said
~a~ee, and thall be construed and en[orced acco~ding to th~ laws ef the State ot Florida.
I[ default be made in the payTnant of any of the sums or interat mentioned herein or in ~aid mortgage, or in the performance of
an~ of the agreunenta contairtad herein or in uid mortgage, then the entue prineipa! ium and accrucd interest shaU at the option of the
'r,older hereof become at once dut and coilectible without notice, time bcing of the essence; and said principal sum and accrued intenst
~hall both bear interest from such time uatii paid at the 6ighest rate allowable under the laws of the State of Florida. Failure to exercisc
th;~ option shall not constitute a waiver ot the right to exercise the iame in the event of any subsequent default.
Each person liable hereon whether maker or endorxr, hereby waives prexntment, protezt, notice, notice of protat and notice of dis-
honor and agrecs to pay all costs, including a reasonabie attorney't fee, whether ~uit be brought or not, if, after maturity of this note or de(ault
her:under, or under uid mortgage, counsel thall be employed to tolkct thi~ note or to ptotect the security oE said mortgage.
H'henever used herein the termi "holder", "maker" and "payee" shall be omtru~ in th singular or plural as the conte:t may
reqvire or admit. ~ ~ ~
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Makei s Addreu . ~R STODII . ---~------(SEAL)
311 Casino Ave. ~ - ~ - r ~ .........(SEAL)
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Cranford, Ivew Jersey 07016 ~,`1 ~ Y P~STOLDARD
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