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! nAai(~ ~ the same, together with the tenements, heredifaments and apptute-
nances Thereto belo?tging, and the rents. iasues artd prof
its fhe?eoJ, unto the mortgagee, to fee simple.
the mortgagor rnuenants with the mortgagee that the mortgagor k indejeasi6ly seized of said
land in fee simple: that the mortgagor has good right and lawful authority !o convey said land os of
ore-
saId; that the mortgagor will make such further assuroncea to perlrct the fee simple title to said land in the
mortgagee as may reasonably he ?equtred: that the mortgagor hereby fully warrants the title to acid land
artri will defend the same against the latujul claims of all persons whomsoever: and that :aid land k free
and clear o/ all encumbrances excepting taxes accruing subsequent to December 31, 1978.
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~COUided ~liways, that if said mortgagor shall pay unto said mortgagee the certain promts-
sory note hereinafter substantially copied or identified. to-wit:
i 2 T,139.75 Fort Pierce , t l•,r~Ja
March 16 . l9 79
FOA VALUE RECEIVED. tee ur,dersiKaed, (jointly and aeveraUy, more ~hau war) N.wo~K•. to pay w
STEPHEN UIinUSE and VALERIE UHOUSE, his wife ur order, in the maattrt herciaatter apecitied,
~ the principal awn ofT{~~y SEVEN THOUSAND ONE HUNDRED THIRTY NINE and---------------75/100 DOLLARS I
(i 27,139.75) with interest [roar date at the rate of NINE per teat. per annutu ou the balance from torte to time remaiwiaK unpaid,
Tee said principal atd iatsrest abaft bs payable iw lawful rnostsr of tee United States o[ Atnerica at 16847 Ashton Road-Detroit,
MICHIGAN 48219 a at such plan as away hereafter be drsignatcd by wnucn +wtite [torn the huller a tee tanker hereof, ua
the date.aad in tee manner [oUorriaK:
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The face amount of this Note aad Mortgage payable with
!R ~ interett thereon from date at the rate of nine percent
(9X) per annum, for a period of five (S) years, in
ii equal annual installments plus interest on the outstanding
principal balance;.
k
~i Mortgagors reserve the right of prepayment without penalty.
Thu note wire interest is secured by a rnortasje oo real caste, of even date herewith, made by the nuker bettor in favor of the u~J
Payee, and abaU be corutrued sod en[osced sooordittt to tits laws o[ the State o[ Florida. The terms ut sad awrtKage are by the retcrencc
4~ ; made s part hereof.
If de[suk be made iu the psyaneat of say of tee luau eK iatereat auntianeJ l.~•n•.n ur u..a~.l uwrt,;..~:r, ur in thr ~+rrt..nnruce ~d
any of tbs a~reemeaes contained herein or in said mortsase, the the entire pnocipal wrn and accrued interest stall st the ut,twa of the
,
holder hereof become u outs dw and ewUeet~k without wotice, time beiWt of the essence; and said priactpal sum saHl accrued inters
•!•sU bah btu interest from such time tuttA paid at rho bisbat tats albwsbis under the laws o[ the State of Flvritla. Fail,+re to esercise
this option shall not ooastitute s waives of the ridbt to esrercise the saaos in the erect of +•r sttbatqucot default.
y ~ Each person Gsbis hereon whether maker or endorser, hetebr waives prsseatment, protest, notice antics of protest and notice of dis•
r ; honor and aKras a psY all oosu, includitts a aawnabk atwratys fee, whether suit be brouKbt or tsa, ir, after suatunty of rhea ants ur default
hereunder, of under satd mortpss, oounsd shall be employed to ooilact this nuts or to protsu rite securer of said moatsaKe.
Whenever used herein the terms "holder', "make' and "psree' shall bs oonatruod is the siaaulat or plural u the contest war ~
require or admit. f l , ~
ualter'~ KK 1 ~ .`BaYU...D,.".'ELLIS..
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3CtV !~i+C 1728 ? ~
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