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1WY~ 1W~ i~e snme, togethar witti Ihe fenemenf~. I?rrtclilum~nl~ und appurls-
nancet therefo hPlongi~~g, an~ fhe tenlt, iasuei nna pro~ils Ihereol, unto ths mo.rtgag~e, tn jee itmp~t.
~ the morlgagor covenanls with ti~e rnorlgagee Ihat Ih~ nwrtgngor ts tnd~(.a,t6ly s~lsed oJ said ~
lan~ in ~ee simple: ttiat ttie mortgago~ hda good rigtil and ~owf u~ authority fo convey snlcl ~and as u~oro- `
said; ftia! t{~e mortgagor u~i~~ ~ake :„ch (wth.. wsurancei to psr~~cf t~s simple filte to sa1c~ Iand in fh•
mortgagee as may .g~oRa6ly 6e requi?ec~; t~at mortgagor h•?.by Juity war?nnfa fhe tit~s fo ,atd ~d
and u~ill de%nd t{~e same ngainst the ~aw(ul' rbima o~ aI~ penona wl?omsoev~; und that said la,~d t, /res
and c[ea~ o( QII encumbrnnces except the lien for 1972 real estate taxes.
THE MORTGAGEES hereby agree to r~lease individual lots from
the lien and operation of this mortgage upon payment to mortgagees
of aggregate principal payments hereunder as follows:
(a) Lot 14 shall be released upon paymer~ of $3,000.00
to be applied upon principal;
(b) Lot 15 shall be released upon payment of $3,000.00
( to be applied upon principal; '
~ (c) Lot 16 shall be released upon payment bf $4,000.00
' to be applied upon principal. ~
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~rou~ded ~lways, I~at iJ suic~ mortgagor ,hall ~xiy unto said inortgagee !he certain promit-
~ sory note hereinajfer subalnntially copiec~ or identilied, to-wit: #
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~ ~ 8.5~Q~_QQ------------- Stuart, Florida - --~ebr-~ar-y- - - ~97~ -
~ FOR VAWE RECEIVED, th~ undersi~ned, iaetly and savenlly, PROMISE TO PAY to the order of _ ~
s~ ------~74SEYH_Ii.~_ Li~PpIN--and--111.ZCE--M._ i..t~PPIN~---h1s--~,rife--------------- - - . ~
: F.ZGHT---THQLLT~_~'ZY~-HIt~IDXED---T1rtSNT'~G--zncl--no~lD4-----..~__..~___... DOILARS, L
i : at -Sttlart .---F1Dr1ds~----- - - - - - _or such other pface as tbe holder
t hereof may desi~nate in writinp tagether with interost from _-t~.- d,~t,g--~~~pf------- '
~ at the rats of psr centum per annum on the unpaid balance until msturity. The said principal and interest shall ~
! ; be due snd payable as follows: The principal shall be payable in four semi-annual instal~
r?ents of $2,130.00 each, plus interest then due, beginning six months from thB?~
date hereof and continuing ser.~i-annually thereafter until two years from the ~
date hereof at which time the er.tire unpaid principal balance and interest `
i si~all be full aid Each
y p . payment shall be applied first to the payment of in~;
tsrest on the unpaid balance ar_d then to the payment of principal. The privi-~;
lege of maY.ing payments in advance of the due datea without genalty is re#afned:;
; b the~~~a 3~er . .
~ FF N~~ fet ~0 dsrs in tfN psynwnt of swy inst~ll~wnf of principa) er inMrnt o? any pa» tMnof, tIN wbole suw ~Mw n~nainins
urepaid wwh iwh»st sAall at lald~r's option becoeM dw and psyabb vrithew notic~. Faibn to •:~rcis~ such opfien sl~sN nof coesti~~hy a w~ive? of tM ~
right ro~:~rcis~ tM saw~ ia tM ~von~ ef s~bveqwnf d~fauh. Aff~r ~nstvrity bofh princip+l snd accr.Nd inhrtsf shall b~ar inhr~st ~f p~r c~nw+w ~
per ~nn~m Yntii paid. TI~~ ~k~n and Mderun of ~his not~ furtlMr waiv~ d~mand, notic~ of non-payn»nt awd Prol~st, K tbis wob is not psid at
matvriryr snd tM s+nw is plac~d wit6 sn sMonNy fer coll~q:on, tfi~ mak~rs and ~ndors~n Mnof syr~~ eo P,r sll cosri of col{~ction, includiny all coure
. ~osrs and n~sow~bb ~tronNr fMS. ~
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: sJ Charles James Fox Sr. t
' ; - _ - - - - . _ ~ (SEAL) : ~
; c~.x~.ES .~.,~~ES ~,ax sx. ~
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- - - - - _ . ~sEa« ; ~
~ s/ Ruth Brock Fox : :
- - _ - - - - - y~`=y¢~~ua1 a~j~~/~y~ (SEAL) : ~
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