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~0 ~ th~ sam~. tog~thK wtth th~ t~n~a~entr. ke»~~Jfa~n~nls and oppurte-
nances tl?ereto be~ohgtng, and tl~~ renb. issuea ar~ pm/tlt th!?r% unto lla~ mortgoges. ~n ~e~ sir»p~e.
~ the rr~orleagor c~ovenanta u?itl~ tl?s rnortgayt~ thot the mortpaQor is indefea~ib~y seized of said 'y
land in ~ee simple: ibat ih~ mortgagor fws y~i~ ~ty~hi w~ ~cvSul auikartty !o cQnc>ep sald Isnd as c+j~- .
aaid: tl~at ti~e mortgagor wil~ ma~~ tuch Jurtlter assw+a~ncei to perf~ct the ~e~ simp~ ttt~ to said ~and in f~ f
mo~lgagee as muy roasonably ba rpuired: that t~?e mortgnga• ~troby (uuy wan+anb th~ til~e fo said ~and
and wtll de(e~d tl?e sarne a9ainat th~ loiwjut claima o~ a11 penons wfionuoeuer; and tl~at .atd la,~d ~s /.~es
and cTear o/ nll encumbnances
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~V~ ~W~S~ lhat if said mortgagor shal~ pay unto aatd rriorlgagee the ~ceMain promts-
sory note l~ereina~ter substanlfal~y copie,d or identifisd. :a-u~it:
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Fo~t Pieroe, Florida ~ arch 2~ ~q ~a ~
For value received, i, we, or either of us, promise to psy without defalcation, to 1he order ot
St. Lu~cie :brtgagg Co. st their offiqe in Fort Pierce, Fbrida, the sum of ! 1. 540s58
with interest from date at the rote of I0.0 % per annum, in monthly instatiments as follows:
~ 28~00' on the ZOth day ,X,. 196~ , and a like sum on the oorresponding
day of each like sucaeeding month thereafter ~r ~c~~M~ak}t
until paid in tull.
A late payment charge of S
2~-~-.., shall be added to each payment remaining unpaid 7 days after ih
due date and a like sum shall be adderl to each such installment remaining unpaid 7 days after each suoceed-
ing payment date.
Each installment first shall be applied in the payment of the interest and then on the unpaid balar?Qe
of the principal sum. tf default is made in the payment of any installment when due, then at the option of
the holder, and witiwut any other notioe, a!) the remaining inatallments shall be due and payable at once.
Privilege is given to pay two or more installments at any installment maturity date, but this shall not extend
the time of maturity of any subsequent installment. Neither forbearance, nor aooeptance by fhe haider
hereof after any defaulf in any payment hereon, shall be deemed extension.
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Each maker, surety a~d endorser hereof, iointly and severally, waives demand, presenhnent, protest
and notice of protest for non-paymeni, and further agrees to any extension of time of payment, either before
or after maturity, without nofioe to any of us; and to pay all aosts of collectior~, including a reasonable attor- ~
. ney's fee in ihe event of any default hereunder, and hereby severally waivea all benefit of homestead and '
exemption under the Constitution and laws of each State of the United States, as against this obligation or
any extension of renewal hereof. ~
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WITNESS THE HAND AND SEAL OF EACH PARTY: ~8~ ~rnice Peeples Paulk ~~a~~ ~
3ern ce Peep es Pau k
/ B_ Pzaulk ~Seal)
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OR
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