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'~o ~inue ~nd to ~iotd I~ie same, i~ethe~ wifh the lenem~nta, ~terec~itaments and appurle-
nances Ihereto ~,e~o??nin~, an~ Ihe ?rnts,' issues an~ profifs fhereo~, unlo Ihe mortgagee, In Jee simp~e.
the morf{~ago~ co~~ennnls u~ilh tl~e mo~tgagee lhal the mortgagor is inde(ewi6ly aeized oj snid
` land in ~ee simple; that the morigagor har good right and Iaw~ul auihortiy to ronv~y said Iand as o(are
I sai~: that f~~e morlflaflor u~i~~ make auck (urther wsu?ances !o per~pct fhe ~ee simp~e ttfle to aatd land in the
morl~u9ee as may reasona6ly 6e required; Iha! the mortgago~ hereby (ully warrants !he tttle to said lund '
~ um~ u~ill ~IP~Pn~I ~hp same aqairtat tlte ~au?~u~ c~aims o) al~ persons w{~omsoever: a~d ~har said lnnc~ is free ~
anil clenr oJ n~l encumbrances eXCept taxes for the yeBT 1974. ±
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~rou~ded ~lways~ lhat i f said mortgagor a{~a~~ pay unlo sai~ mortgagee the cerfain promis- i
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l~ sory nole hereina~tpr su6stanlia~~y copie~ or icrenti~iec~, to-iuif:
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•;aae No~~. f4. ;P~.c~ ?.r~ M~~~ M~-~~~ ~~~d) SEMINOLE FORM ~7 `
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Mortgage Note
23 500.OG ~t. ~":Lerca.. . Fi~~~ Ds~e~r 31 _.~9 7k
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FOR VAIUE RECEIVED ths uadersigne! promises to pay ro Ihe order of
'.~Z ~R'~ID RAI~. ffiId DORI`~J ti. IZAt~~. ~ ht8 W~fe f. _ i i
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tna p?inc~pai sum of _.'~A~t~'9.Q... . f~Y6 ~7C1i~ ~ 1~~~.00 ollsrs ' ;
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together with iMerest therwo al Ihe rals of .7.. . _...De? caM per annum From ..C~tB.._ . ~
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~n1,1 maturity, both principa) and interest bein9 DaYable in lawful Money ol the Unitsd Slates, such princ~pal wm and int~rsst paysbls in installmenls as follows: j ;
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:.'~incipal ~a intereSt pa~?able in 204 a~~. nr~mthty insr.al].me~r.s fa tha ~t of S2?s.oo ;
oach includin~ iatsreat aad ths 205th paymeat in tt~ eamauat of $153.80. First ~~~yment
c~mwenai.ng J~nuary 1, 1975, ~d annthly tharaafter twtil said principal suoa ~ct inter~st
; ?u,ca therocm, ~rs fully ~aid. T't~e makers ~~sezv~s r~~ right to pre~apr saiae in whala or in
~ ! _,:~t at m~r time, witho~ut pen~aity.
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~ Suth installtnent payments shall be apPlied firsl lo the inte?esl sccruiny under fhe tsrms of this nofe and then to s rsduttion of 1hs printipal iodebtedness. ~
The makers and endwsers of this note fwther a9ree to warve dertw~d, not~ce of no~-psYment snd Protsst, and in th~ evsnt wi1 shall bs brou9M tor the ;
~ collect~on hereof, or tFre same has to be collected ~pon demand of an attorney, to pstr reasonaWe anorMy's (ess for makiny such cotlection. All psymsMS here- :
a ! u^der shall bear interest at the ~ate oi .....9.._.... psrce:+1 per annum from maturity until paid. This nols is setured by a mortya9e o( evso date herewith and is to ;
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t~e construed and entorced according to the laws of the Stste of Flwida; upon default in tM paymeM ot principsl and~or intarest when dus, ths whole sum of
~ pr~nt~pal and inrerest remaining unpaid shall, at the opfion of ths hoWxs, oecoms immediatelY due and payable. Failure to exxc:se this option shall not constitute ~
~ a warver of iAe right lo exerux Ihe same in the event o1 wbsequent defauU. ~
/s/ Willie Clyde Ponders i °
j ~avawe ar ..rj=~'S:i?n~'4~`N~ ~.~.'~.S/+3 . . . . . .~sEAI.)
_ _ _ _ . CLYDE POI~ffiETi.S.. :
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~ Ft. i'iai~ Fl. .',3v_`•C
, s[-~C~~--a_ro.lyn .E. Ponde~s..... . . . .....~sE~~1 ~ :
f _ . _ C~~2~L~i~i ~'bI~$)ERS
_ . .(SEAL) •
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j o+ such ofhu place as shall be . . _ ~
' ~es~gnated by the hotder of this __1SEAL)
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