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~o ~ue ~nd to ~iold ~~he aame, loyethe~ wilh Ihe tenemer~tt, heredilaments and appurle
nancrs lhrrelo Lelonf~in~, Q/I~ Ih8 MII~S, issuea anc~ pro~il~ Ihereof, u~lo 1{~e mo?tgngss. tn jee ~imp~e.
~d Ihe mortgagor couenanls with ~6e mortgugee Ihat Il~e morlgagor !s indo~easibly seized o~ said
land in Jee simplP; lhaf the mortgagor hat good ~ight and law/u! authority to conv~r said land as a(oro-
said; tl~at the morfgagor u?ill make such ~urlher asiurances lo pe?f
rc! ths jee stmple tttla ta :aid Iund in Ihe
mort~agee as may reosona6ly 6e required: lhat tf~e Morfgagor h~re6y ~ully wa~?anla the tills to saId land
and u~ill de%nd the same agninsl the law/ul clatms oJ a!l persons wl~omsoever; nnd I~at aaid land ts ~roe
and clear oJ al! encum6rances exeept tdX@S fOt th@ year 1975 d11d subsequent
years.
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~~VIU~I~ ~~s~ that if said morfgagor s~n~~ pa~ unlo said morfgogee the certaiet promis-
~ sory nofe he?einafter ,u6sia??~~a!!y cop~Pd or lc~entilied, to-wif:
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$ 7,500.00 PROMISSORY NOTE Stuart, Florida.
September 19~5 .
FOR VALUE RECEIVED, the undersigned, jointly and severally , PROMISE
TO PAY to the order of FRANK MALOCSAY, JR. and FSARIE E. MAIACSAY, his wife
the sum of ----SEVEN T , DOLLARS
at A t. 16 Seaside Jensen Beach F ori a 34 , or suc ot er place as
the ho er ereo may esignate in writing, toget er with interest from date
at the rate of ei ht 8 $ per annum on the unpaid balance until maturity.
' The said principa an i~ erest shall be due and payable as follows:
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~ In 60 monthly payme $152.08 each, including principal and interes ,
~ commencinq on the r day of October, 1975, and continuing on the ~
~ day of each and e nth thereafter until the _f~_ day of September,
` 1980, at which t' e entire balance of principal plus accrued:interest,,
shall be due an le in full.
Right of prepay in full or in part at any time without penalty,
is expressly reserved.
This note is secured by a mortgage on real property 'n St. Lucie County,
Florida.
IF DEFAULT be made for -15- days in the ent of any install-
ment of principal or interest or any part-thereof, ole suan then re-
maining unpaid with interest shall at holder's op n ecome due and payable
~ without notice. Failure to exercise such option not constitute a
~ waiver of the right to exercise the sar~e in the e of subsequent default.
After maturity both principal and accrued intere all bear interest at
~ -10- 8 per annum until paid. The makers and endorsers of this note
furt er waive demand, notice of non-payment and protest. If this note is
not~paid at maturity and the same is placed with an attorney for collection,
the makers and endorsers hereof agree to pay all costs of collection, inclu-
ding all court costs and reasonable attorney fees. Court costs and reason-
able attorney fees include any costs and fees on appeal.
Francis R. Walton, Jr.
BooK 244 ~~E 298 _ ~
Helen M. Walton
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