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~o ~ue and to ~iotd Ihe same, togel~~er wifh fhe fe?iemenl=. ~e?edilnnenls und appurte-
nancea Ihereto bP~ongtng, a~cl fI~P renh, issues ane~ pro/~ta ihereo~, unto ihe ntortgags~. 1n (es simple.
the morfgapo~ covenants wltli t~'~ortgagee 11~nt Ihe mo?tgagor ti lndajearib~y aetucl o~ aaid
land in Jee strnple: that the mortAaA~ h~ 9~ ?~9ht and Iaw~ul autho?ity to convep ~ald land aa a/oro-
:aid; that the mo?Igagor wtll ma~a such ju?11~sr wswances to per(rct tk~ jee sirnple title to antd [nnd in th~
r?io~tgagee as may reasonnblp 6e requtred: that the mwtgegor heraby julir war?ant~ ths dtle to sald land
and u~lll deJend the same against tl~e lawjul c[aims o~ al! peaons who?nsoeve~: nnd that :atd ta~d a Ereo
and clear oJ ull encum6rances
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~~V~ ~11W~s~ that i~ said mortgagor sl~aU pay unto saic~ mortgngee t~e certnin p~wnis-
• ~ aory note hereinajfer su6:t~t~at[y copied w Idr~rtti~i~. to-~uif: • •
s 35,000.00 Fort Pierce, Florida ~ 1S~ 1978
FOIi VALUE RECEIVED. the undersigned~ j ointly and eeverally~ promiae to pay to the
order oi RICHARD B. REED and SELMA L. REED; his wife, ~ ~
~ at~such place desi~nated by payee
the principal sum o! THIRTY-FIVE THOUSAND ($35,000 .00)---~0~~~ ~~tb _
interest at the rate of 8'~% per cent per annum from date ~ until
paid, in installments as follows : • ~
The principaZ and intere~it hereunder shall be payable in four ~
equal annual installments of $ 10,685.08 said annual pay-
- ments to include principal and interest until the entire amount .
of principal and interest is paid i.n full. Right to prepay in
whole or in part without penalty is reserved.- The first annual
installment to commence May 15, 1979. ~ .
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Tf any installment be not promptly paid within ~ 10 days next after the same be-.
comes c3ue, then, at the op~ion of the holder hereof, the full amount remaining due upon
this note shali thereupon become due and payable at once, togethsr with all other indebt-
edness stipulated in this note and in the mortgage given to secure the same.
~ The makers and endorsers of thia note further agree ~ to waive notice oi non•payment,
protest and demand for payment, and in case suit shall be brought for the coliection
~ hereof or the same ahAil be collected upon demand of an attorney, to pay all expenee~
~ of such collQCtion, ;ncluding a rcasonabla attorney's 6 creon.
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