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~0 ~ W the same, together with the tenements. heredifamenfi and appurte-
nances thereto belonging, and Ih. rents, issues and profits thereof, unto the mortgagN. in fee simple.
the mortgagor covenanb wIlh the mortgagee that the mortgagor is indejewibly seised of aaid
land to /ee stmple; that the mortgagor has good right and lnwjul authority to convey said land as aforo-
said: that the mortgagor will make such further wstsrartces to pe?jret the fee stmple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the tills to said la?td
and will deje?td the snme against the lawful claims of all persons whomsoever: and thnt said land 4 f
ree
' and clear of al! encumbrances excepting taxes accruing subsequent to December 31, 1978;
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~e0u~ded ~tways, that if said mortgagor shall pay unto said mortgagee the certain promis-
~I sory note hereinafter substantially rnpied or identified. to-wit:
MOItTOAOS MOTs
X41,000.00
Fort Pierce ~ t•la,r,a),
March 27 , 1y 79
FOR VALUE RECEIVED. the uAdersiSned, (jointly and xvcrally, if more than one) i?turnises to pay to
RONALD L. COURTNEY and JACQUELYN id. COURTNEY, his wife ~ ur order, in ttte manner hercittafter apeci[ieda
the priucipaf sum of FORTY ONE THOOSAND and---------------------
--------------------no/100 DOLLARS
(i 41, 000.00) wish iatereu from bate at the rate of 8.25
per cent. per aanutn on the balance from flax w time remaitutts unpaid.
T~ said Pri~Ml and interest shall be paysbk iA Iawlul.r+oAey oI the United Stater of America at
or at such plan at may ttercafttr be dctiynated by wrtttrn notice trwn the holder to the maker hereof. un
the date and iA the manner foUowia~:
Face Amount of Note and Mortgage payable with interest thereon at the
E rate of eight and one quarter percent (8.25X) for a period of ten (10)
years, in semi annual payments inclusive of principal and interest.
The first of aaid semi-annual payments to become due and payable six
~ (6) months after the date that mortgagors take possession of property,
~ thence to continue semi-annually thereafter until paid in full.
Prepayment hereunder not to exceed $10,000.00 in any calendar year, in-
cluding the principal amount of the semi-annual payments, unless agreed
to by both parties, mortgagor and mortgagee;
k
This note with interest is secured by a tnort~age on real snare, of even date herewith, made by the nuker hereof in favor of the said
payee. and shall be construed and eAforted
a p~ accotd+ns to the 4ws of the State of Florida. 9'he reran of said nwrt~age are by Ibis rcferenee
~ It default be made in the
yment of nay of the sums e? interest ntentiota•d 6a•nvn ur nt .ant uwrt.;a~r, ut in tlaa• tu•rf..nn~ua•r. ut
any of the agreements contained herein or ir? said mortpse. t6eA the entire principal sum a?w! sccrurd interrst shall it ttte uptwA of lIM
holder hereof become at once due and colkctibk wuhotat notice. time bei,yt of the euence: aAd said principal wm anal arcrw•d intere.t
shall both bear intercu from such time until paid at the hisbeu rate albwaWe utttkr the laws of the State of FM?riJa. }allure w eaucisc
this optioA tbrdl trot coAStitute a waives of the ri~ltt to exest:ise the suns iA the tveot of aAy subsequt:at default.
honor a
d~ liable hueon whether msker or endorser. hereby waives prtuerttmeat, protect, notice notice of protest and notice of dis-
agrees w pair all frosts, iACludirts a rrasonabk attorney's tee. w)tethet toil be brought or not. ir, after matunty of this trots tx default
hereeAder. or tsndes aaid mortgase, oounteJ tball bs aAployed to collect this trots o: w protect the security of said moresare.
Whetxvcr used herein the terms "holder", "mares" and 'payee" shall be trued iA the al u she t~Atea;t mar
require or admit.
Maker's Addreu :R .(SEAL)
p p ~ ..B. ,
H. ERNSB ER
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Lane...-, Port , St,., Iucea•• PL VIRG
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