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3'0 ~inue and to ~io~d 1{~e sant~, l~~ef~~er u~if~~ l~ir tenemc~nls. ~ereditumrnf: uru~ app+ul+• ~
~!f nanc~s iherelo ~?~•~o~~gin~. an~ f~~o renfs. issups an~ pro~ils I~~prPO~. unfo ihe mortgagee, in ~ee simple. ~
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tl~e morfyagor coi~e~~anls ~nilh the mortgaQPe tl?at llee rrto~t~agor is indefeasiti~y aeizpd of said `
i) lund in ~ce si?nple: that ~l~e mortQaflor has good riQht and law/ul auil?ortly to convey said la~~d as aJore-
~j sard; that tl~e morfgagor u~il! rnake such (urlher ossuranres Io pe~pcl tha jee simple litle !o aaid Iand in the
mort~age~ as may reasw~a6ly Ex? require~: t{~at the mortgago~. hereby ~ully warronts the title to said ~nncl
I and u~il~ de/e~nd Ihc s e agnins! fhe lau~~u~ c~aims oj a~~ pe~sons wtiomsoei~er: anrl Ihn! said lnnd Is f?ee
~ a?~c~ c~~nr aJ n~~ enrumtirancas
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~~V~~~ ~~~s~ Itia! i~ said mo~tgagor :hall par unfo said morf8agee !he cerfntn promis-
~ sory notP here~najfer su6stant~atly copiPCl or it~entijtecr, !o-wif:
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' . 38,OOO.oo . Mortgag~o~t'Fi"erce March 15, 76 ?
' ~ . Flonda _ 1: :
fOR VAIUE RE~EiVED the undersigne3 prom~sez to pay to the order of _ ~
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John C. MacConnell and Martha F. MacConnell
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, i ri~_ Cnnupal wm or Th~.rty-~i.ght _ Thousand and OO~Z~Q--.------.-------__---,---.----------_-------- ~
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~ tnaet~.rr w~th iMerest thereon a~ the rate of niTle ~9~.per cMf pe~ annum lrom thiS aate
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. e,nnt maJunfy, both pn:Kipal nnd inlerest beioy payable in law(ul Money o( fAe Unite~ Slates, wt~ priotipal sum and interesl payable in insfatlments as iollor.c.
j $300.00 on May 1, 197b, and a like sum on the first day of each month thereafter until ;
~ the full amount of this note (including principal and interest) be fully paid. Each ~
~ installment shall be due on the first day of each month, but shall not he considered
; delinquent until 10 days after the payment is due. The promissor shall have the right
' to prepay any amount of this note; provided such payment exceeds $1,000.00, without
; penalty.
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~ Such insrallmerN paymenls shall be applied first ~o the interest accrui '
~ ng under tf~e terrt?s of fhis nofe and then lo a reduction oF the principal ~ndebsedr•::~
The maEers and end«sers ot this note fu~ther agree to wa~re demand, nol~ce of rwn-paymenJ and profest, and in the evenf su~t shall br Eroughr tcr ~n~
f .oilecrior hereoi, o. 1he same has to be tollected upon demand o( an attors~ey, to pay reasonable atlaney's fees for makmg such COIIECItOA. AII pe'/IRP(~I: F~~"E- •
! urder shall bear interest at the rate of. ..ning--~erceM per annum Irc,r maturity until paid. This oote is secvred by a rtwrtgage oi even dat~ herew~rh ar.: i: ~
~ co~stru~.~ and en!arced accord~ng fo the laws o( the State o( florida: ~Fon defauit in the paymeM of principal andlor in~eres! when d,x, tbe r.no:e ~.~m
~ C~~~upai anA interesr remainirt uo ~d shaR, at the
j 9 pa opteon o! ?he holdns, necome imrnediatety due and payaWe. faiture to exercise tisis op:ion sh ;i1 not ce~:=~ .u~e
? a wa~v~r of tFx nghl fo exeruse the same in tke e~ent o} wbsequcnt delauh.
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~uch other iace as shall be ' ~
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` ° ~.~111'ET ' S : McDO ALD _ _ . ~ r,:
~ ~':s~a~.ited bv the hotder o( Ih~,
~,ot., •n ~.i:.hn9 . ~EFI
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