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~o ~iaue and to ~lold ff~e same, toyelher wilh the fenementa, hereditamenle an~ uppurle- i ~
i; nan~~es thprefo on inc , an t{~e rents, issues an ro ~ts fhereo , unfo !he morl a ee, in ee sim e.
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II ~n~ t{ie morlgagor coi~enants with t~e morfgagee that t~e mortdagor is indefeasib~y seizec~ o~ said I
;j Iand in fee simple: thnt 1{~e mortgagor has good right and Inw~ul authority to convey ~aid land as a)ore-
~i said; that tl~e mortgagor wil~l maFre suc~ f urlher assurances to perJPCt the ~ee simple title to said Iand in tf~e ~
mortc~uc~ee as may reasonably be required: tFat the mortgagor hereby fully warranta itie iitle to said land j
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! and ioill dpfend tf~e same against the la~u)ul claims oj all persons whomsoever: and that said land is free I
anc~ c~ear o~ n~~ encumbrances, except taxes accruing subsequent t0
~ December 31, 1~385. i
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; ~rouided ~lwAys, t{~at ef said mortgagor s{~aU pay unto said mortgagee f{~e certain promis-
sorl note hereinnjter sub~tantially copiec{ or identifiec~, to-wil: ~
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$rO ~k~y~, New York
s23,000.00 •zYx~
Fe ruary j.S . :~~86
FOR \'ALI;E RECE[~~EU, thc undersign~d, (jointly and se~'~rall~•, if morc than one) promists to pay to
JOSEPHINE M. FESSEL
, or order~ in ~he manner h~rcinaftrr sp~•~ i(i~ ~1,
ch~ principal s~m o[ TWENTY-THREE TH~USAND AND NO - - - - - - - - - - - - /100 Dc~1.1..~H~
23 ~ QQQ . QQ with intcre~t from date at the rate of 1~ per ccnt. per annum on thc b~lancr (rom time to timc r~mainine unp.~i~l.
1hc saiJ principal and interest shall b~ payable in law(ul money o( the Lnit~d Stat~~ o[ Am~rica at 1100 Mi tehel l Ave E'~~?
St. Lueie, FL 33452 ~r at such place as ma~• hen•a~tcr be d~•siqnated by writt~n notice (rom the holder to the makcr h~r~~~l, ~n
th~ datr and in tfi~ manncr (ollowing:
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; Principal and Interest is due and payable in THIRTY-SIX (36)
; equal and consecutive monthly installments of SEVEN HUNDRED
~ FORTY-TWO DOLLARS AND SIXTEEN CENTS ($%42.16), beginning on
rlarch 28~ 1986 and.monthly thereafter until the entire
~ principal balance plus the interest due thereon is paid in
~ full.
THE MAKERS RESERVE TtiE RIGHT TO PREPAY AT ANY TIME WITHQUT
PENALTY AFTER JANUARY 15, 1987.
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~ 7~his note ~vith intcrest is securcd by a mortqaqc on real eetate, o( cven datc hcrcwith, made by the maker her~of in fa~•or o( thr s.+i~l
pay~e, and ?hall br constru~d a~~d en(orc~d according to the taw~ of the State of Florida.
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' If d~(ault be made in the payment o! any of the sum~ or intuest mentioned herein or in iaid mortgage, or in th~ prr(orm:~m,• u(
~ a~f~• uf the aRrcemcnts contained herein or in said mortgage, then the entire ptincipal ~um and acuvcd interest shall at the cption of th~•
~ holder hereof become at once due and collectible without aotice~ time bcing of the euence; and iaid princepal sum and accru~d int~•r~.t
~ shall both bear interest from such time until gaid at the highat ratt allowable under the laws oE the State o( Florida. Failure to ~x~~rc~s~•
~ this option shall not conuitute a waiver of the right to exercise the tame in the event o( any ~ubsequcnt dcfnult.
~ Each person liabl~ h~reon whether maker or endorser, hereby waives presentment. protest, notice, notice of protest and noticc uf d~~-
honor and aSrees to pay all cosb, ind~~ding a rcasonable attorney'~ fee, whether iuit be brought or not, if, atter maturity of this notc or d~~l•~~Jc
hcreunder, or under said mortgage, counul ahall be empbyed to colkct thit note~/br to protect the security of said mortqaRe.
~ N'henc~•cr uu~d herein the terms "holder", "makei' and "payed' ~hall ~ construed ' t6e~iry~~ilar or plural as the cont~zt ~n:~>•
require or admit. ' l~/ ,
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!?fak~r's Addr~s~ .............•-....L....--....~7.._.....
~ 2255 62nd Street ~ IN~Y~C~ . 0 L~~I .
' Brook l n , New York 11204 ' : ~JC%/~'`'~" . . __r se ~i. ~
y N~A ~PUL RI.....
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