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I~LAI/~ ~ W IW~ !he same, toge!{~e~ wilh fhe tenements, herec~itamenia and npputfe-
nances fhereto bejonging, ana the rent~, issues and pro~ils fhe?eof. unto 1{~e mortgagee, in fea simple.
~d the mortgagor cove~nnis witf~ ll~e morlgagee t1~at Ihe mortgagor Is inde/~~61y aeized o( said
land in /ee simple; t1~at tke morlgngo~ haa good rigl~t and law/ul nuthorily to convey said land as a)ore- ~
I said; t1~at the mortgngor u~il1 mnke sucf~ ~urther os~urances to perject the jee aimple litle to said land in tl~e
mortgagee os may ~o?~6ty 6e required: t~nt f~e morfgagor 6ere6y /u~ly warrnnis fhe title fo satd Innd
. nnd will de(end the same against Il~e Inw/ul claims o~ aII persons whorruoever: and tha! said land is (ree i
and clear oJ all encum6rances except tBXes BCCrilillg subsequent t0 the year ~
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1970.
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i' ~~V~ 7i~W~s~ Iha! i~ said mortgagor shall pay unto said morfgagee the certain promis- ~
~i sory nofe ~ereina~ter Sobs~aR<<alty copiec~ or idenfi`iet~, to-~vif : _
~.000.00 Ft. Pierce . Florida. March 29 . 19 71
' For value received. I. we or either of us. promi~e to pay. without ~
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~~~~~cation, to Lhe order of JOHN TODD JONES and_KATHRYN JONES, his wife
18 702~
~x_~iyer t. _Wilkes Barre,_ Pa..xi~c~~tx~sxasxxi~ic~xicatac, the sum of EIG T~
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: ~~~;SAND Do21ar: . with interest from date at the rate f ~
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per annum . in annual inctallments as followG :~1, 600+inst. ~n the
; ? 9 th day cf Ma.rch 19 72 ~ and a like sum on the corresponding
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cf each Iike succeeding period the reafter until the whole be fully pa id.
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~ ~ Each installment first ~'Y1211 be applied in Fayment ~f the interest and
~~_:.~n c: the unpaid balance of tr.e principal ~Um. If default is made in the paf-
~ cf any installment when due , then at the cption of the holder and without ~
other notice , all the rer~.ainin~ in~tallnents shall be due and payable at once
~::~~v~iege is given to pay two or more installment~ at any installment maturity date:
~ ~'r.is shall not extend the time of maturity ~of any subsequent installment.
~:J ~-~;,~.er forbearance , nor acceptance by the holder herecf after any default in any
~ .:.-;,::ent r.ereon, shall be deemed extension.
~ r r.ach maker, surety and endorser hereof, jointly and ~everally waives
~:~.and, presentment, protest and notice of protest for non-payment,~ and further
~~l -_~ees to any exten~ion of time of paymetlt, either before or after maturity with- ;
notice to any of us; and Lo pay all cosL~ of collecti~n, including a reasonable
~~~~orney's fee in Lhe event of any defa~;lt hereunder, and hereby severally waivPs
benef~t of homestead and exemption under the Constitution and laws cf each
~e of the United : tates, a~ a~ain:-t this obligation or any extension or renes~al
- :._:~eof. ` ~
~ WITI~G~S the hand and ~eai of each party• J& L LAND CORPORAT.ION ~
:~~~-~ayment in whole or part
~'~hout penalty is hereby s/ Patrick B. Lally `
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~~r,ted. Patrick B. Lally~ President
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~ (corporate seal) .
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y$ ~ 835
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