HomeMy WebLinkAbout0129 ~l1 ~21U!' 2I111 tU ~~Al~ the same, togethcr with the tenements, hercditaments and
appurtenances themtc~ beli~nging, and the rents, issues and profits there~~f, unto the mortgagee, in
fee simple.
,.`1lll, the m~~rtgag~~r cuvenants with the mortgagee that the murtgagur is indefeasibly seiz-
ed uf ~c i~1 land in fee simple; that the me~rtgagor has gcxxi right and lawfui authority tc~ convey tiaid
land as atiiresai~i; that the mortgagor will make such further assuranres to perfect the fee simple
titl~ a~ tiaid land in the mortgagee, as may reasonably be required; that the mortgagor hereby fully
w~arrants the tiNe to.said land and will detend the same against the lawful claims c~f all persons whorn-
s~~e~-er, an~i that tiaid land is frec and clear c~f all encumt~ranres
COVENAN'~'S, ?~ESTR?CTIONS, EASEMENTS AND TAXES OF CURRENT YEAR
~.~r~~uil~'1 ~"~~fji~tti$, that if sai~i nu~rtgagc?r ~hall pay unto tiaid nt<itigagce thc rcrtain pr~~missury
n~~tc hrreinatter tiuhstantiall~~ rr~picd or identitied, tu-wit:
i
~ ~;~ar#~M~e ~ate
f
~ S 13,000.00 January !2 t9 90
f For value received, ihe undersigned jointly and severally~ Promise to pay to the
t order of GARY W. ZANELLO ~
~
~ the principal sum of Thirteen Thousand Dol lars & No/100 ~ DOLLARS
I
~ (s 13 , 000 . 00 1 With interest thereon at the ~ate of 10 per c m per annum from
~ date until maturity, said interest Deing payable
as set forth be2ow,
both principal and interest being payable in taw(ul money oi ihe United States of America at
or at such other address as the hotdei trom time to time may specify by written notice to the maker, said
principal and interest to be paid on ihe date and in the manner following:
In equal monthly installments of S1~].80 commencing on Februar.y ]O,
1990 and continuing on the ]5TH day of each month thereafter unti2 the
prfncipa2 sum of $13,000.00 and the jnterest accrued thereon has been
paSd. Said installment when so paid shall be applied first to the
interest then accrued and the balance thereof to the reduction af the
principal hereof.
Privilege is reserved to prepay, at any time, all or any parts of
indebtedness due hereunder without premium or fee.
This note is to be construed and enforced according Io the laws of the State ot Florida, and is secured
by mortgage on real estate ot even date herewith.
!f Oefault be made in the payment of any oi said sums or interesl or in the perlormance of any agreements
contained herein or in ihe said mortgage, and if such default is not made good within __3~._ days, then,
al the option of the holder ot the same, ihe principal sum then remaining unpaid with accrued inierest sha~~
immedrately become due and collectible without notice, time Deing ol the essence o( this contracl, and sa~d
principal sum and said accrued interest shall both bear interest at the maximum rate per annum allowed
by law, from such time until paid.
Each maker and endorser waives prese~tment, protest, nolice ol p?otest and notice ot dishonor and agrees
[o pay all cosls, including a reasonabte attorney's fee, whether suit be brought or not, if counsel shall after
maturity ol this note or default hereunder or under said mortgage, be employe o cotlect th ote or to
protecl the security thereot.
_ - _ _ (Seaq
Documentary Tax has been paid and A. I I JR
proper stamps have been affixed to n ~~rYK-_ (Seal)
the Mortgage. OLLEEN F. IMINO
Maker's Address (Seap
XXXP9t.MRTT1LpAI11~ _ _ _ _ (Seal)
~FQRZPLEBC~-----.-Plar-ida am ~
~co ~~2 6G~G!( tJ ( ~ PAGE
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