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HomeMy WebLinkAbout0915 .i I ( ( ~n ~iaue and to ~toid the same, togetl~er with the tenemenfs, {?ereditamenla ond appurte- ! ~iances therelo ~elonging, and 1hn rnnfJ, issues nnc~ profils thereo~, unfo tf~e mortgagee, in fee ~imple. ~ , n,~,~ . i I11111 the mortgngor covenants with t{?e mortgagee Ihat tl~~ marlgagor ts indek~6ly aeized of satd 1 l ~and in jee simple; ihat fhe mortgagor has good right and lnwful aufhority to convey aait~ lanc~ aa aJore- said; t1~at the mortgagor wi~~ make such ~urther assurancee to per/pct the jee simple titje to aaid lond in li~e i mortgagee as may reasona6ly 6e raquired: lhat the mortgagor f~ereby ju~~y warrants the tifle to said Innd and u~i~I defend tf?e same against the lawful claim~ o~ aI1 peraons wl?onuoever; aRd that aaitl larec~ ia /ree and clenr o/ aIl encumbrances except all taxes accruing subsequent Eo December 31, I985. ~ i ~ '1 ~ ~ ; ;i ~ ~ ~rouided ~lways, that i` sai~ mortgagor ~hnll pay unto said mortgagee the ce~tain promis- i i~ sory note hereina1ter substnntially copiec{ or idenli~ied, to-u~it: i :I MORTGAGE NOTE RAMCO ~ORM 8i Hollywood ~ Florida S 7,500.00 March ~jf ' 1986 FOR VALUE RECEIVED, the undenigned, (jointly and xverally~ if more than one) promise~ to pay to GEORGE C. FREEMAN AND ILA M. FREEMAN, His Wife , or order, ia ehe manner hereiaalter specified, che prineipal sum o[ SEVEN TI~OUSAND FIVE HUNDRED AND NO/100------------------------/100 DOLI.ARS 7, 500. 00 j~~ ~nterut fram date at tbe nte o[ 10~ per certt. pu aneum on the oalance from time to time remuaing unpud. The said p~incipal ar~ enterest shaU be payable in lawf ul moaey of the United State~ o[ Ameriu at fi 2 3 We S t 6 t h S t T e e t, Goncordia, KS 66901 or at such place u may herca(ter be designated by writttn notice [rom the holder to the maker he~eo(, on the date and in the manner tollowing: Principal and interest payments in the amount of One Hundred Fifty Nine Dollars and 35110Q ($Z59.35) beginning one month from the date hereof and continuing for a total of sixty (f~0) months or until paid in full. There shall be no prepayment penalty for payments in whole or in part.~ This note wich interest u iecured hy a mongage on real e~ute, of even date herewith. made bv the maker hereof in tavor of the :aid payee, znd ihall be conitrued and enEorced according w t6e tawf of the State of Florida- If default be made in the payment of any of the sums or interat mentioned herein or ia ~aid mortgage, or in the pedornuace oE any of tht agreemenq conWined huein or in said mortgage, then the entirt principal ~um aad accrucd interest ~a21 at the option of the hoider hemof ~become at once due and collectibk without aotice, time being of the essence; and taid principal :um and accrucd interett ~hall both bear inten:t from such time until paid at the highest nte allowabk uader the laws of the State of Fbridi. Failure to eaercix thii opuon shall not cosuatute a waiver of the right to ezetciu the ~ame in t6e event o! any :ubsequeat defaul~ Each pcnon liable hereon whether maker or endorser~ herebq waives preseatment, prote~t, notice notice oE protest and notict of dis- honor and sgrees to pay all cosu, including a reaioaable attorney's fee, whether suit be brought or not, i~, after tnaturity of this note or detault hcreuoder, or undu said mortgage, couniel ~hall be empbyed to collect t' note or to protect the ~ecurity u'd mortgage. Whenever used herein the terau "holder", "maker" and "paye ' all ~e oo in~e~ngutu as the con y rzquire or sdmit. ~ , Address I ~ (SEAL) . . 0 R 4~?6 P~GE WiZliam d:._.~tiexwaod[ 60GI1 v - y,s ................~.~_.~?~c'`.:: z z.~...........(SEAL) C~ ' Linda P. Sherwood 69 Hood Street, HOLLYWOOD, FL 33024 (SEAL) ( SEAL ) I - - . z - - - - - .:W ~ . -