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~o ~aue and to ~totd I~e~ sanie. lu~~et~~er toil{: l~~o fertamenls, tierec~tfame~ts anc~ appurfe-
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~ nnnn~s f~i~ri~fo ~?r~ou~~in,ry. an~~ f~~~ mnls. issu~s onc~ projifs f~~preo~. ~u~fo I~~e mortgagee. in jee simple.
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jl ~n~ I~~e morfgac~or covenanls wit~i I~~e o~orf{~a~e~ I~~at !he morlgagor is inde(easib~y seizec~ oJ said
lan~l in fe~ ~impl~~; Ilial llie morlf~aflor has goocl ri~hf antl lawful auttiority to rnnvey sa~d la.~d as afore- ~
said: Ihat tl~~ mort~afto~ u~e~I malre such Jurfi~er assurances to perft~ct fhe fee simple ti1~e to sait~ ~nnd in Ihe
mort~~a~?~~P ns m~y reasona6ly be reK~uis~d; Ihat tl~e mortgapor here6y Julli u~arrants the iif~e to saicl lan~ ~
anri u~iU dpJvnd Ihe same againsl Ihe lawful claims o/ alI persons u~homsoe~~er: and that soid land is free ~
~?,d ~-l~a. oJ nl! ~?~~~~mbrances eXC@Pt taxes accruing subsequent to the year
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1~ ~rouided ~lways, fhat ij said mortgugor shnll pny unlo said mortgagee the certain promis-
' sory notp hereinajter su~slantia~~y copie~~ or i~enti~iec~, to-wit:
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> PROMISSORY NOTE
; 10,000.00 ~ ' Fort Pierce, Florida September 11 19 72
~,~r value received, I, we or either of us, pro:r.ise to pay, without defalcation,
-.~o ~;.e order of SAMUEL O. SHUMAKER and LOUISA V. SHUMAKER,:~ his wife
at 3700 Galt Ocean Drive
. au er a e, orida , the su,-n of
TEN THOUSAND and no/100 DOLLARS,
~ in~eresL from date st t e rate of six (6) $ per annum, in equal annual
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~ ~::~-~al~ments as follows : '
` S2,000.00 plus 6$ interest on principal balance due one year ~rom above date.
~ S2,000.00 plus 6$ interest on principal balance due two years from above date. ~
52,000.00 plus 6$ interest on principal balance due three years from above date.
52,000.00 plus 6$ interest on principal'balance due four years from above date.
52,000.00 plus 6$ interest on principal balance due five years from above date.
Eacn installment shall first be applied in payment of the interest and then on
u:.~aid balance of the principal sum. If default is -made in the payment of any
~:-.a~allment when due, then at the option of the holder, and without any other ~
:~.~~ice, all the remaining installments shall be due and payable-at once. Privi-
~~~-e is given to pay two or more install;nents at any installment maturity date, ;
t:.is s:zall not extend the ~irte of maturity of any subsequent installment. ;
..~i~:.er forbearance, nor acceptance by the holder hereof, after any default in ~
~::a ~aymen~ nereon,.snall be deemed extension.
~acn raaker, surety and endorser hereof, jointly and severally, waives demanci,
~ser.t~, ent, protest and notice of protest for nonpayment, and further ag-rees to #
~ extension of time of payme:~t, either before or after maturity, without notice
~ a:~y of us; and to pay all cos~s of collection, including a reasonable attorney ~
in t~e event of any default hereunder, and hereby severally waives all benefit ~
'r.omestead and exe;nption under the Constitution and laws of each State o~ the
~:~~ed States, as against this obligation or any extension or renewal hereof.
y ~~.:SS the nand and seal of each party. ,
/s/ Herbert J. Feibelman (SEAL)
~e 5~-~?,T.~ ~F F LO R 1 D A ~ ~ . ~
DL?LUMfNZARY ~AMP 1AX ~ /s/ Violet Feibelman - (SEAy)
c° ~ " DEP1.+'OF
REYEHUE ` , ' ' ~
o ~ 1 5.001 , ~
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