HomeMy WebLinkAbout1544 1 ' h he fenemenls hereditamenla and a urte-
30 ~ue and to ~iold Ihe same, fo~at~~er w~f t . pp
I nnnc~s ftiPrnto ~~e~aru~in~, aru~ l~~e ~~nts, issues anc~ prof
ils Itienw(, unlo Ihe mo?tgages, in jee simp~e.
~nd the morfga,yo~ cov~?innfs with the morfgagee Il~at the mo~tgagor is inde~easi6ly aeized o( said
~ land in Jee simple; that the mo?Igagor has good rigl~t nnd Iawjul autl?ority to convey said land aa a/ore-
~ satc~; Ihaf t~ie mortflapo~ wij~ ma~re suc~ (uAl~e~ assurancea to perj~ct the Jee simple t1tle to said Iand in f~e
I mo~t~aflep as m~y reasonably 6e required; ~hat ~h~ mortgagor hsreby jully warrants Il~e title to satd land
a~uj u+ill de%nd the same agains! the law~ul claims oj al~.persons whomsoever; and that said land is free
~ and c[ea~ o( aII encum6rances
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~rou~ded ~lwnys, fhnt ij sai~ mortgagor shall pny unto said mortgagee f~e certain promis-
i sory nofe tiereinafter su6stantially copiec~ or ic~enlifiecl, to-wil:
~
S_ 10, 000.00 Fort Pie~ce, Florida ~ , 19~
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/ For value reoeived, I, we or eifher of us, promise to pay without defalcation, to the order of
~ J0~ HR~D~RSQi and PA~Q.I~S P. ~IiSOf
at ~
tfie sum of ~~d aad noLi^^.-- - pp«A~
wilh interest from date at the rate of ~ % per annum, in the manner following:
. installments shali be Z , and a like sum on'"tfie correspond-
ing day of each like waceeding thereafter until the whole sum shall be fully paid with interest at
~ 96 ort the unpaid sums from time to time owing.
(Granting option to tfie promisor ifie right of prepayment without penalry, and option to promise to addj -96
interest charges on all sums in default.
Each instaMment first sha!! be appNed in payment of the interest and then on the unpaid balancde of the principal
sum. if default is made in the payment of any installment when due, then at the option of the fwlder, and with-
out any other notioe, all the remaining installments shalt be due and payaWe at once. Privilege is given to pay two
or more installments at any insiallment maturity date, but this shall not extend the time of m~turity of any sub-
~ sequent +nsta!lment. Neither forebearance, nor acceptance by the holde~ hereof aHer any default in any paymenfi
hereon shall be deemed extension.
I
~ Esrh malcer, wrety and endo~ser hereof, jointly and severaNy, waives demand, presentment, protest and notice of
protest for non-payment and further agrees to any extension of time of payment, either before or after mafurity,
~ without notice to any of us; and to pay all oosts of aollection, including a reasonable attorney's fee in the event
of any defauFt hereunder, and hereby severalty waives alt benefit of homestead and exemption vnder the oonstitu-
t~on and laws of each State of the United States, as against this obligation or any extension of renewal hereof.
Witne.ss the hand and seal of each party.
~ Stamps affixed to recorded mpy.
Jo~o fl. Sl~, Js. ;
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~rl~ia J. St~¦a
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