HomeMy WebLinkAbout0974 ~o ~we and to ~loid t~e same, togelher with the tenements, ~trorlitaments and appurte-
nnncea t{~ereto belo~ging, anc~ t~e renta, issuea and projils thereo~, unfo fhe mortgagee, ln (ee simp~e.
lUlli !he mortgugor couenants wilh the mortgayee tl~at the mortgago~ is Indejeasibly seized o/ satd
Iund in ~ee simp~e; fhat ihe mortgagor ~?at good right ancj ~aw~u~ authority to convey said ~and at ujore-
said: that !he morlgagor will maTee such jurthe~ asaurnnc~s to per/pct the f
ee simple tttle to said land In the
mortgagee as mny ~~onably be ~u~d; thnt the mortgagor I~ere6y /ully war?~anti the tttle to said land
and u~ill dejend the same against the lawjul clalms of all persona wF?omaoeuer: and that ,a~d loRd Jree
i a~d ~[ea~ o/ nll encum6rnnces except taxes accruing subsequent to December
: 31, 1985.
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i ~~1(~ ~s~ that i) said mortgagor shall pay unto said rreortgagee the certain promir-
sory note hereinn(ter su~tantia~~y copied or ic~enti~ied, to-u~it:
MONTG~GC NOfC ~ 1fIM(:U fOpM S3
= 8, 000 . 00 Port St . Lucie r~„~:,; .
D4a~y-~-~ ~ q 8 6
FUR ~'ALL'E RECEI\'ED, the undersigr.ed, (jointl~• and Sf\'C[JII)'~ if mure chan onel promises to pa.- to
R. CHARLES SCHIERBAUM and KATHERINE P. SCHIERBAUM, his wife
~ or otder~ in the mannen c~rcinatter speciiied,
che principal ~um oE EIGHT THOUSAND dlld NO------------------------ /100 DOLI.ARS
(~8 ~ . OQ ) w~th inurat from date at the ratt of j~ . per crnt. per annum oo the balance irom time to time remaiaing unpaid.
The said principal and intercst :hall be payabk in lawiul money of the Unitod Statei o[ America at 1G Tle3@r Drive,
Wentzille, M~ 63385 ~r at such plac~ as ma>• hi-n•aftrr be d~•si¢nat~d ba• writtrn notice trom the holder to the maker her~of, un
the date and in the ma~ner followinq:
PRINCZPAL AND INTEREST DUE AND PAYABLE IN TWENTY-FOUR
(24) CONSECUTIVE trIONTHLY ZNSTALLMENTS OF $369.16 BEGINNI~IG
JUNE 15, 1386 AND MONTHLY THEREAFTER UNTIL FULL PRINCIPAL
BALANCE, TOGETHER WITIi ACCRUED INT£REST IS PAID IN FULL.
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MAKER RESERVES THE RI~HT TO PREPAY AT ANYTIME WITHOUT PENALTY.
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R This note with interest is secured by a mortqa~e on real estate, of rven date herewith, made by the maktr hereoE in favor of the uid
payte, and ahaU be tonsuued and enforced according w the l~rn of the State of Fbrida. ~
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IE default be made in the payment of anq o( the sums or internt mentioned herein or in said m~rtgage, or in the performaace of
any of the agreemenu coauined herem or in said mortga.se, then tbe entire principal :um and awved intemt ahall at the eption of the
holder heteof become at once due and collectibk without aotice, time being oE ehe wence; and said priscip~l sum and accrued intenst
~ ~haU both beu interest irom iuch time until paid at the highat nu allowabk uade~ the laws of tht State of Florida. Failure to exeaise
this optioa ~!?aU na~t co~utitute a waiver oE the nght to exerciae the ~ame in the rveat oE u?y tut~equeat def~ult. ~
Each penon liabk hereoa whet~er maka or endorser~ hereb~ waiva preseatment, protest~ ootice~ notice of pmtat and notice oE dir
hanor and asrea to gay all costs~ indudiag a roasonablc attorney's fee, whether ~it be brought or not, if, after matwi~y of thu note or de(ault i
hereuadet~ OT YRdGr f11d mortgage~ counsel ahall be empbyed to colkct thia note or w protect the ucurity ot said a?ortqage.
Khenever use~ herein the terms "holdei', "maker" and "payee" sbali cacutrued in tbe siagulu or plural u the context mar
rcquire or admit. ~ ~ ~
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~ Maker's Addreu . . . . . ...~,,./...........~SEAL)
Lo ' s ' o e ~~~~dd~G
326 Cherryhill Road ~+~••-•••••••-••-•.(SEAL)
Port St. Lucie, Florida 33452 Beatric ilodeau
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