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i! ~o ~iaue an~ to iioid f{~e same. fixj~~l~~er u~it~~ f~ie fenemeuls. I~ere~Iituntenls anc~ appurfe
~ nn~nes I~u~relo ~~~~on~~in,ry. a~ul II~e r~nls. issues anc~ pro(ils I~~preoj. unfo f~~p mortgagee. in (ee simp~e.
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(I nn~ f~~r mo?fgagor cov~nanls wif~~ the morf{~agee I~~ql Ihe mortgagor is in~e~easi6~y seiz~ o~ saic~
~an~ iri jep simp~r: Ihat t~~e morl~aflor has good right and Iaw~u~ auftiorily !o conney saic~ ~and na aJore-
ij saicl: Il~at tl~~ morl~~aflor u~i~l make such ~u~ther assumnces to perfPCt th~r fee simp~e title to said Iand i~ !he
'i mo~f{~agee as may rcasonably 6e requtred: that the mortgagor I~ereby /ul~y warrants Ihe tU~e to sai~ land
I~ an~l ~oill ~lefend tlie same againsl Ihe law(ul c~aims o( aII persorw whomsoeve~: and t1~af said ~anc~ is )ree
an~r clear o~ ~11 eni•um~~rances exeept COL1I1ty and Drainage taX@s fOY' 1973.
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~ ~rouided ~iways, that if said mortgngor shall pny unto said mortgagee the certain promis-
~ sory nofe {~ereinaJter sutistantia~~y copiec~ or identijiec~, to-u~it: ~
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$ 35, 000. t?~ Port Lauderdale, Plorida Noveau~er 19, 1973
Fc~r Value Received, KF.NN~TH H. LSLLY and PSRJO LELLY, his
wife, the makers, hereby jointly and seveially promise to pay
to RUTH ~i. I3SI.48TH, the payee, or oruer, at Sun Bank of St,
~ t.ucie ~vunzy, Evrc Pierce, Florida, the ~rincipal sum of
! Thii ty-five Z~ousand Dollars, with interest from Decembez 1,
i 1973, on deferred balances until ~aid at the rate of seven
~ and c~ne-half (1~) per centua? per annum payable auiually.
' in seven (7) successive, equal, annual installmenta of $5,~~0.00
~ each, ~lu~ interest, plus interest when due. beginninr~
~ December 1, 1974, and continuing until the full amount ot this
~ note, a~nd its interest, are paid in gull. Any delinquent installment8
~ of principal or accrued interest shall t~ear intereetat the rate
of ~~96 ~er annum fram date of maturity until paid. This note
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may be prepaid in whole orin part atter Decem~er 31, 1973,
~ wit2iout ~enalty or premfum for auch pxepayment.
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~ If any payment is not made within t2~.irty days after it fa due,
the.entire unp~id pri~cipal and all interest then accrued
~ thereon shall become due and payable without notice or demand
~ therefor at the option of the holdert and failure to exercise
~ that option shall not waive the riyht to exerciae it in
the event of a subsequent default. In the event of ciefault
in payment, the makere will Yay al2 cost of collection,
~ including a reaaonable attorney's fee. Protest is waived.
This note is secured by a purchase money mc,rtgaqe of even
date t-.erewith or. certain land in Ste Lucie County. Plorida.
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ls/ KENNETH H. LELLY (S~L)
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Kenneth H. Lelly
~ /s/ P7RJ0 LELLY (g~p~,j
Pi r j o Le l ly
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