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3'0 ~ue And to ~intd (he same, fogel~~e~ wif{? I~ir tenements. heredilaments anc~ appu?Ir-
nances fhprnfo hp~onging, anc~ Ihc? renfs, issues anc~ pro~ils Ihereo~, unto Ihe morfgogee, t~ lee simp~e.
~lltd 1he murff~agor conenants wtth Ihe mo~tgugee 1{~af Ihe morlgago? tj i~~~ewi6[y seized oJ said
land in Jee simple: Ihal the mo?tgagor l~as good rigl~! and law/uI nutl~o~itp to conasy satd land w aJore-
sai<l: thai Ihe moriflago~ ~uill make such ~urther assuronces to per/e~ct !1?e /K aimple ti11e to sa~d Iand in the
~ morl~agee as may reasonably 6e required; that tl?e mortgagor he~e6y ~ully wananb the tille to said land
anrl u~ill dejpi~d ~he same agains! Ihe Inwf ul claims o~ all persons whomsoeuw~: nnd thut satd lond is jree
and clear oj all encum6rances except t8X@8 accruinq subsoquent to
December 31, 1974. .
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~~V~~ TILW~ys~ lhat il said mortgagor :hall pay unto said ntortgages . the cerfain promis-
~ sory nofe {~ereinaJter sutistantia~~y copietl or icrenti~ied, to-wit:
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5,000.00 PROMISSORY NOTE Stuart, Florida.
February ~ p lg 75 .
FOR VALUE RECEIVED the undersigned ointly and severally,.PROMISE i
TO PAY to the order of ~~i1ALD M. CARPP an~ L. 1?fARJORIE CARPP, his wife ;
the sum of -------FIVE T D D N DOLLARS
at Cedar Pointe 145-2 Stuart Florida 33494 , or suc other place as
the holder hereo may designate in writing, together with interest from date
at the rate of -8- $ per annum on the unpaid balance until maturity.
` The said principal and interest shall be due and payable as follows:
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~ In ten equal annual payments of $500.00 each, plus interest, commencing
; on the ~ day of February, 1976, and continuing on the ~-C1 day of
E February each year thereafter, until the 2{i day of February, 1985,
f at wnich time the entire balance of principal plus accrued interest,
~ shall be due and payable in ful1.
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~ Right of prepayment in full or in part at any time without penalty,
t is expressly reserved. ;
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~ This note is secured by a mortgage on real property in St. Lucie `
~ County, Florida. ~
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~ IF DEFAULT be made fo= -15- days in the payment of any install- ;
~ ment of principal or interest or any part thereof, the ~~hole sur.i then re-
: maining unpaid with interest shall at holder's option become due and payable
= without notice. Failure to exercise such option shall not constitute a
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~ waiver of the right to exercise the same in the event of subsequent default.
~ After maturity both principal and accrued interest shall bear interest at
: -10- 8 per annum until paid. The makers and endorsers of this note
~ further waive demand, notice of non-payment nd protest. If this note is
~ not paid at maturity and the same is placed ~ith an attorney for collection,
a the makers and endorsers hereof agree to pay all costs of collection, inclu-
~ ding all court costs and reasonable attorney fees.
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~ OR n ean Josep Au in
~ BOOK~V PAGE~~1~
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