HomeMy WebLinkAbout0970 f ~ ~
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IIAYt Ww W ~lV~ I~e iart~e, logel~er wit/~ f~e ten~menb, 1?ereditamenf~ and appurte-
na?eces lkereto fiejongtng, and fl?e ?ents, issuea anc~ pw~if: t/~ereo~, un{o the mortgagee, lit fee it?nple.
IfIS1i f~e morlgagor cocenants wit~ t/?e mortgagee thaf the rttortgagor tt Inde%,.tbly setzec~ o~ tnld
~and tn fee sim~le; that fhe mortgagor has good ~ight and law~u~ authority to cor~vey inicl ~and a~ a~om-
satc~; f~a! the mortgagor wtl~ make ruc~i ~urther aasarnncei to perfACf the ~se simp~e fit~e to said ~and in the
mortgagee as may reaaonablp be requtred: tbal Jhe mortg~agor here6y (uUy warranb the title to sald land
and mill de%nd the aame apatnat the ~awJul clnima o/ al! penoni whomsoe~er, und that .~d tw~d t, /ree
ond clear oj a!! encum6~a,~ces except all taxes accruing subsequent to December 31,
1985.
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~u~ 711W~s~ tha! if aaid mortgagor ihaj~ pay uRto said mortgagee the certain promis-
- ( sory note 1~¢reinafte~ aubstanfia«y copied cx identtfied, to-u~il:
rwpHTGAGE NOT~ RAw.~,. . .-r
S 1G,SOd.00 Fort St. Lucie , Flor~da
June 4 , ~9 86 ~
FOR VALUE RECEIi'ED, the uadersigned, (jointiy and se~~~rally, i( more than one) promiscs to pay to ~
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ROBERT L. PHr.LPS ~ L:i1DA G. PHELPS, his wife ~ or order, in the manner hereina[ter specified, ~
;t-,~ principal ,~m of Ten 'Thoasattd Five Hundred & No/100 --------°----------'--"'-`7~~ DOLLARS
~ i0, 500.~0 ) with intenst (rom dau at the rate of 10~ p~r cent. per annum on the balance irom time to time remaining unpaid.
Thr uid principal snd inte:cst shall'be payable in lawtul money of tlie L'nited State~ o( Ametica at 258 Easy S~reet,
roTt Pieree, FL 3348~r at such place as r.~ay hr~eat:~r be dcsignated by written notice from the holder to the malccr hereof, un
ehe date and in the manaer foUowing:
360 Monthly Payments consisting of Principal and interest in the amount of
$92.15, beginning 7-4-86 and continuing ~ach and every month until the entire
principal and interest due thereon is paid in full. -
NO PAEPAYMENT PENALTY FOR PAYMENT~ IN WHOLE OR xN PART.
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This note with iaurest i~ cetured bY a mortgage on ceal estatt, of even dste herewith, made bv the maker 6ereof in favor of the said
p~y~e~ ~nd thall be consuved and enlorced ucording to the laws of the Suu of Fbrida.
It def~ult be aude ~n the~a ymeat oE any of the s-.ims or iaterat mentioned herein or in ~aid mort8~8e, a en the p~rEormance of
~ny of t6e agreemenu contained hue?n or in wd u~ortgage, thea tde entire prinripal sum and accsucd iat~ere~t ihiil at the option of the
noic~er he r
e o f beeome at oace due a s
d calkctiblc withoue notice, time being of the a~ence; aad said principal nim aad accraed intenst
~h:ll both beu interat fram such time unW paid at the hig6at r+u aibwabk under the bws of the State of Florida. Failure to exereise
:nis option ~hall not constituce s waiver o( tbe nBht to exercise the iame in the eveat of tny tub~equeat default
$ach pes~oa liable hereon whethu maker or endorser, hueby vnivea praeacment, pmtt3t, notice notice oE ptutat and notice oE dir
Fonor aad aarets to psf n11 cwts, iacludu?6 • Ks~onabk attorney's fee. whether ~it be broug6t or not, i~~ a[eu auturity of this note or de(ault
heseunder. or under ~aid mortgsse. eountel tl~a11 be empbyed to aollect thia note or to p~otect tbe ~ecu*i~Y °f wd ~gag°.
Whenever ured hrnin tba teraw "6older,,. °maker" and ~~1 ~~~~ed im the uagulu or plural as the context ma~y
require ot admit.
Makxr's Addrea • - - .............(SEALj
"JOd
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Wendy Young
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2538 Price Ct. Port St. Lucie, Fl 33452..-• - EA ,
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$O4K~~~..PAGE ...........................(SEAL)
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