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~ ~o ~i~ve and to ~otd fhe sante, togef~er wtf~ the tenements, herec~ilaments ancr oppu?fe- ;
nances Ihpreto h~Ionginfl, an~ fhe r~nfs, tssues n?~~ profils thereo% ctnto the mortpap~tot In 1se simp~t. ~
Ihe mortgagor covenants wilh the mortgogee lhat ffts niorlgagor is tnde~easi6ly teise~/ oj said ~
Iancl in ~ee simp~e: tl~at the morfgagor hns good ~Ight nnd ~awlu~ aut~ortfy fo conuep said ~and aa a(oro- ~
! saicr; f/~a! 1/~e morfgago~ wi~~ ma~e tuch further assu~nnces to pe~(~ct ttie fee atmp[e etfle to said [and tn !he
I mort~aepe as moy n.waonably be ~equired; t/~at the mortgnpor h...by ~ully wannnb the tille to :atd la?~d
ancl iuill deJend the same ngatrut the law/ul claims o~ nl! penons who?nsoevsr and tl~at :~td la.~d t,
and clear oJ all encum6rances~ except t8X@S BCCrL1~Ylg subsequent t0 December
31, 1973.
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~ ~~V~~ ~w~s~ f/~at i~ said mortgagor shall pay unto saic~ mortgagee fke cerfatn promb-
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I sory note hereina~fer su6stuntiaUy eopiecl or identi~ied, to-wit:
t
~ i, PRO~MISSORY NOTE
~30,000.00 Fort Pierce, Florida, May 2, 1974.
For value recefved, I, WILLI~i J. MORG~N, promise to pay to the order
of ROBERT E. BR~NSCOMB and t1I,ICE L. BRANSCO~IB, his wife, THIRTY TtIOUS~ND
(~30,000.00) ~ND NO/100 DOLL~RS, with interest fran date at the rate of
per annum, in instaltments as folZows: ,
$1,540.00 principal payment on I~fsy 1, 1g75, and each May 1 thereafter -
until paid in full; and
Interest on unpaid balance on December 1, 1974, and each December 1
thcreafter until paid in fu11.
~ If default is u:ad~ in the payment of any instalment when due, then at
the option of the holder, and without any other notice, all the remaining
:nstalments sha21 be ~ue and payable at once. Privilege is given to pay
two or more instalments at any instalment maturity date, but this sha12 not
cr-tend the time of ma~urity of any subsequent instalment. Neither forbear-
s ance, nor acceptance by the holder hereof after any default in any payment
; hereon, shall be deemed extension.
~ Each maker, surety and endorser hereof, waives demand, presentment,
` protest and notice of protest for non-payc?ent, and further agrees to any
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extension of time of payment, either before or after maturity, without not-
; ~ce to any ef us; and to paS~ ~11 costs of collection, including a reasonable
attorney's fee in t:-e event of any default hereunder, and hereby severally
~ waives all benefit of homestead and exemption under the constitution and
` laws of each State of the United States, as against this obligation or any
.~.-~~t~nsi~n ~r rene:a,~?1 hereo£.
tn e s s: L(!~Cl~ j~~='t Gp~% ( SE.~I.)
' . „ William J. M rgan
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