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, ~o ~aue and to ~iotd !he same, IofJet{?er with ll~e lenements, hereditamPnls ancl upp~ul~
riances I{IP~NIO ~~~~on~~ing. an~I tRe rnnfs, issues muI pro~ils Ihercwj, unfo fhe morlgagee, en ~PP simp~e.
I~ i~nd ~?,p murfs~agor cover~anls wifti ttie morlgagee t~~at the morlgapor ts indej~~ibly aeize~ o~ saic~ ~
~I (and i~ )c•e simpl~: thal ihe mortgagor has good right an~ ~awfu~ authority to rnnt~ey said ~antl as afore- I
"j saic~: f~~a! IhP mort~nflor wi~~ make suc~ ~urther assumncea fo perJPCt f{~e ~ee almple fille to said ~and in ftie ~
~ morl~af~ee as may reasonnb~y tie requi?ecr: Itia! 1{~e mortgagar hereby Ju~~y u~arranfs f~e til~e fo sai~ ~o~~
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1 and ioi~l d~(~nd Ihe son~e against tRe ~aw(ul claims o( al~ penoru w{~omsoever: and tl~at said Iant~ is Jree
( and c•1~ar o~ all encuml~mnces except those Of record.
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Zt is further understood and agreed, that in the event that the! +
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~ grantees and/or subsequent owners of the property herein described #
should allow the first mortgage (which has been w~sumed) to become :
~ delinquent, then the grantors herein at their option, shall have ~
I the right to declare the note secured by this instrument in default
~ and demand payment of the balance of~the entire indebtedness, both
~ principal and accrued interest; with demand, notice and protest ~
I expressly waived. ~
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~rovided ~twnyst f~at i~ said mortgagor shol~ pay unto saic~ mortgngee the certnin promis-
`i` sory notp hereina~ler sutisfantia~~y copipc~ or identiJiecr, lo-wif :
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~ 16,355.13 STUART,Fb.~a.. ~~x 15~ 1974
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FOR VALUE RECEIVED tl+~ und~rsprwd, joitnlY snd a~wrsUy. PROMISE TO PAV to tM wder of
S. K. C~tAYSCN a~ci FRAI~E.S E. C~tAYSCN, his wifP
i~ :~i~i.ccaa ""i,ni~aiu aj
LL-cc 'n`uTiuivu cii~`v=ii.v~ a;,~ 13/100's (S16,~55_1'~1 ----DOLIARS,
~ 1, a, 508 Stahlman Buildinq, Nashville, Tennessee o? sucf~ othe? plsd ss th~ hoidt?
~ ! he~eoi may des~ynste ~n wr~t~nq, togetliar w~ih inte?at from dat~ at the rat~ of ~~_pe? centum p~r snnum on th~ u~paid balance untit msturity.
~ j The saidp~ ~ne~Pa~ snd in~wal shall b. dw snd paysbt~ as follows: . •
~ One Tt~usand ($1,000.00) Dollars of princigal together with avcrued interest shall be due
~ ?.nd payable on Januaxy 1, 1975. Interest only shal~ be paid, ~.n m~nthly installments be-
~ cinning February 1, 1975 and c~tiriuing on the first day of each m~nth until Janua.ry 1,
I 1977. On January l, 1977 the entire pri.ncipal balar~ce of $15,355.13 shall beoame due
~ and payable up~n danand of payee. ~
~`"his n~te may be pr id withaut penalty at an~ time aftQx Janua~ 1, 1975. `
~ It Ee/ault De rnade f0~ ~dris In the DsYment Oi ~ny inSt~~~men Of principal or interett o? any aA thereol, the whole Sum then remaining
( .~~~a~G w~tn ~~terest sAall at hatler's option Decome dut and PayaD~e witf?out notlce. Fallure to exerCiSe such oDtion ihall not tonitftute a wsiver o1 the ~
~ gnt +o eaercist the same in the event oi subsequent tlN~ult. Alter maturity bOth princip~l a~tl act?ueO interest shall bear ~nterest at~$pa centum pe?
z~num unt~~ p~iA. TA! m~kl~S iAd tntlOrSl~S Ot lhK n0lt 1U~lhtf waiV! dltrfind, notice o1 non-paYment antl Drotest. H this note ~s not Patd at maWrity
~ a~~0 the same is p~aced wlt~ a~ attorney to~ co~~ection, the makers a~d endorsen nereot ayree to pay al~ costs o1 coiiection, incluCing all court costs and
~ ^esonaD~e attomey fees,
i /s/ Samuel W. Clinton _ ~sEA~~
~ ~ ~ e~ W. Clintorl
/s/ Katharine E. Clinton 15EA1)
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I~ Katharine E. Clinton, his wife ~
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~ ~oox235 PAGE1337
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