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]1~1V~ ~ 7W~~ Ihe same, togather wtth ftie lenemenla, he?ec~ifamenls and appurfe-
nances Ih~reto 6eloregin~, and the ?ents. issues and pro~lfs thereo), unto Ihe mortpagee, in ~ee stmple.
nll~ 1{~e mortgago~ covennnf~ wifl~ l~ie mortgagee t{~at Itie mo~fgagor is in~e(eosi6ly aetzed o~ satd
land in f
ee simple: thaf the mortgagon c~u good rigl~f and ~aw~ul autho?ity to corivey saic~ land as af
ore-
said: tha! ttie mortga~or u~ill mnke such f urfher aasurance3 lo perJec! the jee simple litle 1o said land in the
I moNgagee as m~y reasonably be requirecl; that f{~e mortga~or here6y /ully u~arrants fl~e title to said land
nnd will de(end the same a9ninst Il~p lawJul rlaima of all p~sons wl?o~nsoever: and Ihat said land is /ree
ond clear of aII encumhrances except those taxea accruing subsequent to December 31, 197 .
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~ ~V~ ~~W~ys~ Itiat iJ sai~ mo?tgagor shall pay unio said morlgngee ttie certnin promis- ~
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f sory nofe hereina(ter substantia~~y eopied or ic~enfi~iecr, fo-wit: ]
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FIRST MORTGAGE NOTE
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$ 80,000.00 April 13 1978 '
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For value received, the undersigned, jointly and severally, promise to pay in
one year from date hereof to the order uf AMERICAN BANK OF MARTIN COUNTY at its banking
i~ouse in Martin County, Florida, in lawful money of the United States of America, the
sum of EIGHTY THOUSAND AND NO/100 Dollars, in installments as follows: `
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Interest to be paid on July 13,1978, October 13, 1978, January 13, 1979~and -
; April 13, 1979. The enitre principal sum shall be due and payable April 13 , 1979, ~
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F together with all costs of collection, including reasonable attorney's fees paid or incurred
for the collection of this note or any part thereof, whether suit be brought or not. Should
~ any payment not be paid within then days after the same shall have become due and payable, the
~ entire unpaid balance, a~ the option of the holder, shall become due and payable and shall
~ear interest at the highest legal rate until paid. In the event of acceleration or prepay-
~ r.~ent, the unearned portion of the finance charge or interest of this note shall be computed
~ according to the swn-of-the-digits method and refunded to the makers. ~
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~ Presentment and demand for payment, notice of dishonor and protest are waived by each
~ :~~aicer and endorser of this note. Each married woman who is a party to this note hereby agrees
~ tnat her separate property shall be responsible for payment hereof and shall be subject to :
levy and execution.
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~ A~dress: 1302 Nebraslta Ave. THE PINES OF FT. PIERCE DEVELOPMENT (SEAL)
~ CORPORA
~ON
_ Ft. Pierce, FL 33450 ' S J BY: ~ij
~s.,~~., ~y~,--~ (S~,)
Tony S olongo p, sident
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