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f~~e sanie. I~rt~i~r wil~~ I~e lenemenla. ~r~ifomenla an~ app~utr
30 ~iaue and to ~iold ' ~ ~ ~
nani•es Ih~refo ~~~~Ionging. an~~ I~~e rents, issues an~I projifs fhercw~, unfo Ihe morfgagee, in ~PP simp~e.
I ~nd tl~p morfgago~ cov~nartfs u~ilh the mortgagee ihat ihe mo~tgagor is inde(eaaib~y seized o( said ~
i I~nd in ~ee simple: thal Il~e mo?Igagor has goocl righl nn~ ~awf u~ authority to rnnvey said land as af
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iI saic~: f~~a! Ihe mor!{~a4~or iri~~ ma~e such Jurther assuronces fo per~pct fhe Jee simple fitle to said ~anc~.in !he
murl4~a}~ee us may reasona6ly be requi~ed: tRal the mortgagor hereby jully warrants tl~e lit~r to saitl lant~
an~l u~ill dc~Pnd the same against the law~ul claims o~ all persons whomsoever; and Il~at said lan~ ia free i
j~ and rlenr uf all en~-umGrances (
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i ~rou~ded ~ltways, ~hat iJ said mortgagor shn~~ pny urtfo snid mortgagee the cerfain promis- ~
sory note ~preina~ter su~slantia~~y copie~ or it~enliJiec~. to-u~it: ~
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s_ 12,_309.00 Fort Pie~ce, Florida - QCtober 2~ , 19.1.~
For value ~eceived, 1, we or eithe~ of us, promise to pay without defalcation, to tfi~ order of
_ J. W. Dickson Snecial Aqent for Indian River Tradinq Corp..
at Re si denc e
the sum of TWELVE THOiSAND THFtEE HiII~iDRED AND NO/~ nn~w-- DOLIARS
wifh interest from date et tfie rate of nine % per annum, in the manner following:
_ monthly pa~ments to be made f9r 180 months and
insta~lments shall be $»~+-7'j _ on~ArniArQ 2, ~._~7~. and a like sum on the oorrespond-
i ing day of each like wcoeeding month thereafier until the whole sum shall be fully paid with interest at ~
i nine % on the unpaid sums from time to time owing. pRIYILEGg pg pREp/~yI~NT R~ERVED.
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~ (Granting option to the promisor the right o~ prepayment without penalty, and option to promise to add) 5__%
a interest charges or~ atl sums in default. .
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; Each i~utaNment first shall be applied in payment of the interest and then on the unpaid balance of the principal
; sum. If default is made in the payment of any installment when due, then at the option of the holder, and witfi-
~ out any other notice; all the remaining installments shall be due and payable at once. Privilege is given to pay two
~ or more instaHments at any installment maturity date, but this shall not extend the time of maturity of any sub-
~ sequent installment. Neither forebearance, no~ acceptance by the holder hereof affer any default in any payment
hereon shall be deemed extension.
~ Each maker, surety and endorser hereof, jointly and seve~aHy, waives demand, presentment, protest and notice of
~ protest for non~ayment and fwther agrees to any extens'ion of time of payment, either before or after matvrity,
without notioe b any of us; and to pay all oosts of aollection, including a reasonable attorney's fee in the event
r of arry defauh fiereunder, at~d hereby severolly waives all benefit of homestead and exemption under the constitu-
~ tion and laws of each State of the United States, as against this obligation or any extension of renewal hereof.
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~ Witneu the hand and senl of each party. • s
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~ ; Stamps affixed to recorded eopy. f
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~ Josh I
_ ngram, Jr.
" (SEAL)
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