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30 ~iaue and to ~totd I~ie sume, log~f{~er wilh ftie fe~~ementa. {~arecJilonenls and app~ule- ~
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uanc~•s I~~~rnfu ~?~~~ongi~~~. pn~~ ~~~e r~nfs. iss~ies anc~ projifs f~~ereroj. untu Ihe morfgagee. in ~ne simp~p.
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I .~n~ Il~e mo~lga~~or coi~enants with the morfgagee ~that the mortgagor is indefew~6~y seizecl o/ said
lnn~l in ~e~e simpl~~: Ihal_ tl~e morlgagor has good ?ight ant~ ~aw(ul authority to convey said lnnd at ajore-
saic~; 1{~af f~~p morfqa~or wi~~ make such Jurltier assurances fo per~rc! f~e /ee ~imple tt1le fo satd Iand in !tie
mo?fgngee as may reasonn6ly 6e requi?ed: tl~at fl?e mortgo9or here6y /u~~y wnnanla t{~e lil~e Io saic~ Innd
I! arul u~ill dPJ~~nd t{~e snme agai?ut 1he lawJul claims o~ all penons wl~omsoever; and that said land is /~ee
' and cl~nr o( al[ encum6rances excepting taxes accruing subsequent to December 31, 1977;
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~~V~~ IllW~s~ I~at i( snid mo~tgngor t~n~~ pny unto aaid mortgngee the cerfafn promis-
~ sory note hereina~fer su6stnntially copiec~ or iclenfi~iec~, to-wit:
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MOqTOAGC NOTC
J 8,~~0.~0 '
Fort .Pierce , ~ t~.r.~~
July S, , :~78
: rX VALCE RECf i~'F.D~ thc und~rfi~nc~. (iuintly ~nd ~~'v~v.~:ly, i! mare th.~t: ~~nt) pron.:ses tt~ p~/ to
itLFRED R. MAIGE, JR. ~ a single msil , ur order, in the mann~•r nercir~a:te~ s~e~:E:~d,
cre prineipa: iu~n of E~ght thousand and--------------------------------------------np/IGO DOLLARS
i S 8~ with int~nst trom datt at the ~a;e o! SEVEN ;~.~r c~r.t. ;>rr ann4~n on th~ b~lance from timt to time remaining unpaid.
' i he uid prirtci~~l ~c:d interest shaii tx payable in ?awiu: mor.~p oj t:.c linur.: Statcs ot America at
~~r at such piace as ~u.~>• i~rr~ af~rr i.r dcsi~o.~u~ri by wntt~n notice Irom the holder to the maktt hereo(~ on
e;~e date and in thc manncz following:
' Face Amount of this Note and Mortgage payable, with interest thereon
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from date at the rate of seven percent (7~) per annum, in interest
only payments.for a per~od of five years at the rate of $46.67 per
i month. At the end of five years the entire principal balance of
k $8,000. will become due and payable. First of intereat only payments
; shall be due and payable one month from date hereof.
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~ MorEgagor reserves the right of prepayment in full or any part thereof
a at any time without penalty. •
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"Thi~ note with int~rest is ucurcd by a mortSaRe on rtal estate, o( evcn date hercwith, made by th~ maker hercof in (avor of the said
;~ayec~ :nd ihall be construed and en(orccd according to the law: ot the Sute of Fbrida. The terms of uid mortgage are by this re(c~ence :
made s part h~reo(.
:f dcfault be made in thc payment of any of the sum~ or interest mention~d hcrcin ot in said mortqage~ or in ~he prriormance ol
anv of the aqrccmenes containcd hcrcin or in uid 'mortgage, then thr entirc prinripal ium and accrued interest shall at the option o! tAe
noldrn c~reof become at once due and ~ollectible without notice, time brin~ of the essenee; and said principil sum and u~rucd inter~it
~n~;; both bcar interest (rom ~uch time until paid at the highcst ratt albwaok under the laws of the Statc af fbrida. Failurc to ezercise
cni~ opiion shall~not constitute a waiver of tAe riaht w exeruie the ume in et?e event ot any subx~uent dcfault.
s Each perwn liable hercon whether maker or endorxr~ herebr waivea presentment~ protest, notice notice of protest and notice of ci~•
; honor and agreei to pay a11 costs, includins a r~a~nabk attorney'~ (ee. whether suit be brought or not, i~, afte~ maturity of tbis note or deiaulc
~ hereur?der. or under iaid monga6e, couaul ~hall be anpbred w colkct thu note pmtect the aecuritr o( said mortaaae.
= Whenever uud herein the cerms "Fwlder•'~ "msker" and "wrK" ~haU co ed in the iingular a plural~~ he conte:i mar :
~ rcquire or sdmit. ~~..Y .
Maker'~ Addre~
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