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~o ~aue and to ~iold 1~~~ same, IOfJPIhP~ wifF I~~e tenemenls, herecliiume~~ls ancl appurte-
ncu~crs f~~~r~fo ~~.•~ori~tin~r, are~~ I~e~ r~nfs, issues an~I pro~ils Iherpoj, unb the mo?tgagee, in JPp sirnp~e.
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1; ~nd Ih~ mortf~ac~or couenants witti the mort~agee 1{~a! !he mortgagor is indejeasi6ly seized o/ said
~nn~~ in ~~•e simp~N; thnt the mortflagor ~as good ~ight ' anc~ ~awJu~ authorify to conuey :a~d Ia~~d as a(o~e-
saicl: Ih~t the mori~aflo~ u~ill malre sucl~ jurthe~ assumnces !o per(pc! t~e Jee simpte tit~e to soid Iand in tlee
~i morl~~c~~eP as m~y reasona6ly 6e ~equtred; tl~at tl~e mortgagor he~eby ~d«y worrantt tlee IFtle to said Innd
an~i u=ill dejend the same ogainst fhe law(u! claims o/ aIl persons whornsoever; and t1?at said land is jree ~
;I ~?~d ~•I~a~ o/ ~rt encumbrances except taxes accruing subsequent to the year ~
i 1971. ~ ~
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~ ~rouided ~lways, Ihnt iJ snid morfgagor shall pay unto sni~ mortgngee t~e certain promis-
sory nofp ~ereina~fer su6stantially copiec~ or identijiec~, to-wit:
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~ PROMISSORY NOTE
> 7 , 000 .00 " Fort Pierce , Florida . ~-Z~ 1972
value received, I,~we or either of us; promise to pay, without defalcation,
~:ze order of SAMUEL O. SHUMAKER and LOUISA V. SHUMAKER, his wife
J at 3700 Galt Ocean Drive, Ft. Lauderdale, F ori a
, t;~e. su:n of SEVEN THOUSAND and no 100
~O:..LARS,
ir~-~~:~~~~ irom aate a~ tne rate oi six o~er annum, in Sannual
_ ~.Gl:.::en~s as follows : ~
~T'~e sum of $1,400.00 plus 6$ interest on principal balance due one year from date.
^~~e sum of $1,400.00 plus 6$ interest on principal balance due•on the corresponding
ciay of like succeeding year thereatter, until fully paid.
~ac: ~nstallment shall first be applied in payment of the interest and ~::er. c:~
,::~~aid balance o~ the principal sum. If default is made in the payr?ent of aay
_a~~:r,e~t wien due, theri at the option of the holder, and without ar.y atY.er
._,~;~e, aly tne re~caaining installments shall be due and payabZe at once. Privi-
is given to pay two or more installments at any installment matur~ty date,
~:.~s s:~all no~ extend the tir?e of maturity of any stibsequent instalyr.:ent.
~_~:ar ~oraearance, r,or acceptance by the ho2der hereof , after any ce~a::it
~~~v.,.~ nere~n, s~.all be deemed extension. .
~~c:: M~;:~r, surety and endorser hereo~, jointly and severally, waives de::anc,
_ ~::~r.t~:~:z;., ~rotest a:~d notice of protest for nonpayment, and further agrees to
_•;~xta :sion of tir.ie of payr.?ent, either before or after maturity, witf:out :.~~~ce
..+~_:y c~ us; and to pay a~l cos~s of collection, including a reasonaL-?e at~orr.~y
v iat~e event of any c:efault hereunder, and hereby severally waives a~I Aer.e~~~
:.~::~~sLead and exemption under the Constitution and 2aws of each Sta~e o~ the
_..~~:.~d S~atzs, as against this obligation or any extension or renewal :~ereo~ .
._::~.:SS t:.a hand and seal of each party.
',!1 ` (S£AL) ;
Mary E. Rice
(SEA~,) ~
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