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~ 30 ~ue and to ~iold fhe same, to~ethPr u~if~~ fhe lenem~nts,~ herec~ifaments an~ ~ppurtr-
nancc?s thereto belonginp, and Ihe ~nts, issues and proJils thpreo~, unlo Ihe morlpagee. in f
ee simple. ~
nil~ !he morlflaflor covenunts with Ihe mortga~ee fhal f~~e: gor is in~eJ~~6ly seizec, oj said
Ianc~ ~n JeE? simp~e; that the morlgagor {~m good ~ig~t and ~awfu~ uut orily fo convey said ~nnc~ as a~ore-
said; Ihat the mo?fgagor w~ll make such (wther assurances to per(ect the jee simple title to said land in the
mortgagee as may reasonably be required: Ihat tF~e mortgagor he~6y f ully warrants the title to said land ~
and will def
end tl~e same against the Iawjul claims o( all persons whornsoever; and that said land Is f
ree
and clear oj all encumbrances
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, ~rouided ~lways, that i~ said mortgagor stia~~ pay unlo said morfgagee the certain promis- F
s sory nofe F~ereinafter su6stantinl~y copied or identi(ied, to-wit: -
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' fORT PIERCE, FLORIDA. MSlC~I 21 ~q 7'4 ~
PAYAAENTS INTEREST
' On?Tt AMOYMT •AL. OU~ DATE AMOYNT PAIO TO ~ ~
+ Fa vdw received, th~ undersiyned promis~(~) to P~Y to tM ord~r of Nw ~
ST. LUCIE COUNTY BANK ~
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FORT PIERCE. RORIDA ~
the printipal swn of
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~ • date of ist. draw ~
~ - 21- ~~0~ with in»rat kom - :
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~ at tiK r~t~ of~-pe? unt p~r ~rrwm on ths w?paid b~lann untll p~id. ~
TM iaid principal and intaest aFwll b~ p+y+ble ~t tlr St. tuci~ Carnry b+nk, ~at s
Pi~rce, ftorid~, a at svch otMr plaa n tM hold~r may d~sisnat~ io writiep, wW ~
principal to b~ p~id ~t tM d~t~ u~d in tM ma~ fotlowinp: i~
S
_ ~1 AAA -~L~~ intsrw t nue March 2~ 1Q.75~ ~
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Resl Estate Con~truction Loan-i~t 26. Block 57. LAKEWOOD PARK. ~
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If def~ult bs m~de in sny instsllment under thii note ~nd 7f any such default i~ not made 9ood within 30 d~ys of tM dah of taid dtfwk, fM ~ntG~ ~
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~ orfnc~pal tum and acuued inters:t shalt ~t ooce become due and payable without notiu +t tM optio~ of tFN holda of thit nof~. Failure fo ex~rti~ this ~
oa+~on iMll no~ const7tute a wsiver of the riQht to exeruse the ssme in the ev~nt of ~ny wbsequent defavh. In tFw ~v~nt of d~f~vh in tM payrrwnt of
~h~s nae and if tM ume is collected by an attwney at law the undeni9ned hereby agre~ ~o pay ~11 co•n of collecrion inctud'u+p a rusonabl. monwy'~ fK. ~
~ Sstd St. Lucie County M~k beiny exp~essly authori:ed to retain any yenerat a ipecial deposit, collater~l, rtd or pKwe+al s~curify ot proc~edi tl+snof, ~
beleng~rg to either of u~, whether maker, security w endoraer, now w hcr~after ~n possession of said St. Lvci~ Cou~ty 6ank durinp th~ tim~ this rwb n- ~
~ .nains u~paid and befor~ w after rraturity spply iam~ to thi~ or other debt or G~bil~ty to said Bank, dw w to b~can~ dw to tM hold~r of this rat~. j
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~ Prtaentment and prot~st ~nd ~otiu ar~ hereby w~iwd. 3COtt-JO~IIISOn~ TAC•
AooRES~ Rt. Box 3911-C ~ g~
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sooK225 P~E1177 ~
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