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' ~o ~ue ~nd to ~iotd t{~e same. ~O{jPI~IP~ u~U~i 1~~N lenemenfs. hereclifumrnb um~ n~,~,~uf~• { ~
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?:nnces I~~~rrio ~~P~o~~,yin~, urttl the rnnts, issues an~l projifs f~~Pr~o(, unlo t{~e morfgagee, in jrr sin~p~v. ~
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t{~e morlgagor covenants wilti ttie mortgagee ttial fhe morfgagor is inc~e%wib~y spize~~ o( said
4 lancl in jee simple: thnt the mortgagor has good right and law/ul authority to convey :otd lw~d as a~ore-
1 sai~~: Ihut tf~e morf~agor wi~~ make such ~urlhe~ asaurances !o per(PCt !tie les simp~e lit~e to aaid ~nnd in t~_
~ morl~apee as may ~ecuona6ly 6e ~equt~ed: that the mortgago~ l~ere6y Jully wurrants tl?~ tt11e to snid lnnd
, and ~oill dvf~nd tl~e same againat fhe lawJul claima o~ all persons whomsoaver: and tF~at ta~d Ianc1 is jree '
~ an~ c~var o~ a~~ encum~ronces
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' ~~rouided ~lways~ l~at ij said mortgagor s{~a~~ pay unto saic~ mortgagee fhe certatn promis- j
i` sory note tiereina(ter su6stanfia~~y rnpiec~ or ic~entif
ied, to-wit:
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, `L. , . . aaM~NULE FORM )7
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~ Mortgaye 1\TOte ~
~ s 8,143.06 Fort pie~c.e..__. Fi~~;da M.arch 6, 76 ~
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FOR VAIUE kECEIVED rhe cn~iersigne.f promises ic pay ro the «der ot
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i RAYMOND A. PADGETT and_ DENIECE A. .PAAG~TT, h~is. w?~.fe.._ . .
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i ~.;~~~i s,~, o~_ _~ight...~housand _Q.ne Hundred Forty-three ..aud Q6l.,~OU.--------------------- c_r~,:, '
~ !oa~t~ - ~:;•h i:.terest thereon at ~he rate oinitle._C9~.. .~aer cenr per annum r.~ _Apri?~._16,__19.76
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c,nhl malwdy, bolh prirKipal and interest beiny payable in lawful Money of tlr_ L'nited States, wth principal sum a~d inferest payable in inslallmenls as fot;u~+s
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' The full principai amount of this note plus interest will be due upon the ~
' promissors' receiving proceeds from the sale of their house in the North
! , or upon April 16, 1976, whichever comes first. No interest will be charged -
! on the principal amount until April 16, 1976, at which time this note becomes
€ j due and payable.
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~ ~ Such installmenl paymenls shall be apptied first to the interest accruing under the terms of this note and Ihen fo a redudion o( ~he princ~pal inde5rednes~
~ The makers and endwsers of Ihis note turther a ee lo waive demand, not~ce d no~ y
Q ~ yr -payment and protesf, and in fhe event suit shall be brou ht tor tne
~ collect~or hereof, or the same has to be collected upon demand of an atroroey, (o Qay ressonable allornsy's fees for makin9 wcl~ coilection. All payments oere
~ ~ u~der shall bear interes~ at the ra?e oL. ~.....percent per annum (rom rt~alwily until paid. This note is secured by a mortgage of even date horewith and ~s t~ ~
~ ' be conauued and enfwced accordin9 to Ihe laws of the State of florida; u~an detauU in the paymeM of principal aod~or in!erest whm due, Ihe v.hole s~m c! .
nnc+ 1 and imerest remaini
~ ; v pa ng unpaid shall, at the oplion of Ihe holdas, cecome imrtiediatdy due and payable. failwe to exercise this oplion shall ~o~ cc: st~t~•e
I a wa;ve. of the nght to exercise the same in ~he eveM of wbsequent de(ault.
i r~~y~ble at . . . _ _ . . . SE~~t
~ ~ CLIFFORD P: HAYCOCK .
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c< such oehr place as shall be ~
~ SHIRLEX.. A... HAYCOCK
7es~qnated by the holder ol this '
- ~ *_~to •~nhng SFAi•.
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