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~o ~i1ue and to ~ioid the same, luyellser with the tenements, Iterediwmenls. ontt uppurle- `
nances Iherelo helututinct, and the renla, issues and profits Iltrreuf, unto the mortgagee, in fee simple. ~ ~
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~j ~nd the mo?tNagpr covenants with the mortgagee that the mortgagor is inde(eatibly seized of said
jj land in fee simple; that the mortgagor has good ?ight and lawful authority to convey said land os aforo-
saicl; that the mort{tattor trill make such further assurances to perfect the fee simple tills to said land in the
mortgagee as may reasonably be required; that the mortgagor hereby fully warrants the fills to said lnnil
i; ahci trill defend the same against the lawful claims of all persons whomsoever, and that said Land is free
erred clear of all encttmbronces except those taxes accruing subsequent to December
31, 1978.
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1; ~ ~rouided ~ltways, that i f said mortgagor shall pay unto said mortgagee the certain promis-
e sory note hereinafter substantially copied or identified, to-wit:
MORTGAGE NOTE '
~ 21000.00 Ft. Pierce Fbrida
May 11 . l9 79
FOR VALUE RECEIVED, the undersigned, (jointly and ccverally, if more than one) promises to pay to
SIMEON JUNIOR LAYFIQI.D ~ NORMA JEAN LAYFIELD, his wife
, a ruder, in the manner hereinafter spet~ed,
TWENTY-ONE THOUSAND AND NO/100---------------
the ppring~p~a1 sum of 1f00 DOLLARS
1=21,000. 00 )with interest from date at the rate of 9'~ per cent: pu annum oa the balance from tiro` to time remaiwng unpaid.
The said principal and interest shall be payable in lawful money of the United States of America at P.O. Box Drawer 608, Buckhanno
West Virginia 2620 at such plan as may hereafter be designated bl• written notice from the holder to the maker hereof, on
the date and in the manner following:
Payable-in Two Hundred Forty (240) consecutive monthly installments
of $195.75 beginning one month from date and each month thereafter until
said principal and interest due thereon are fully paid.
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The makers reserve the right of prepayment at any time without penalty.
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f This note with. interest es secured by a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the said
a payee, and shall be construed and enforced according to the laws of the State of Fbrida. The terms of said mortgage ue by this reference ~
- Grade a pan hereof.
If default be made in the payment of any of the :ems or inteest mentioned buein or in said mortgage, or in the performance of {
any of the agreement! coDUlned heretD t+r in said mortgage, then the entire principal sum and act7ued interest shall at the optioD of the
- holder herso[ become at once due and wUectibk v~itbout notice, tiDx being of the essence; and said principal sum and accrued interest ~
shall both bee interest from such base until paid at the highest nu albwabk uncle the laws of the State o[ Florida. Faiiure to exercise 3
s this option shall cwt constitute a waiver of the nght to exeruse the same in the event of any subsequent default
9. Each person liable 6ereoD whetbe make or endorse, heeby waiver presentment, protect, notice, notice of protest and Dotite of dis-
_ honor and agrcu to pay all costs, including a reasonable attorney's fee, whether suit be brought or not, if, aftu maturity of this note err default
hereundu, or undo said mortgage, counsel shall be empbyed to collect this note or to protect the security of uid mortgage.
V1'herseve used herein the terms "bolder", "maker" and "payee" shall be construed iD the siaguLtr ~r plum as the context may
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I?Sakei s Addreu /s/ ~ S.s±~/.._ :.1,.~.s.:t.: ..............(SEAL)
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Ft. Pierce, Fla. 33450 i
F (SEAL )
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