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~o ~inue and to Mold the same, together wtlh the fenemenls. hererlitamenls and appurte- i
nances !hereto helunging. and the rents, issues and pro/its tltereo/, unto the mortgages, fn lee simple. l
the mortgagor rnvenanls with the mortgagee that the mortgagor is indefeasibly seized of said
land to lee simple: that the mortgagor has good right and lawful authority to convey said land as aloro-
said: that the mortgagor will mane such (uMher assurances to perfect the lee simple title to :aid land in the
mortgagee as may reasonably 6e required; that the mortgagor hereby /uUy warrant the !ilia to std land
- fl artd will defend the same against the law/ul claims of all persona whomsoever: and that said land t free
artd clear of all enctrmb?ances
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~COUided ~tways, that it said mortgagor shall pay unto said mortgagee the certain promis-
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1I sory note hereinafter substantially copied or idenfilied, to-wit:
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40, 200.00 Stuart, Florida,l'li3y ~ / ,
19 79
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For value received, I, we, or either of us jointly and severally promise to pay in lawful money of the United States of
America to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal
sum of~ -----FORTY- THOUSAND TWO HUNDRED AMID NO/ 100----- - - -Dollars
rogerher with interest from date at tM rate of .10- per antum per annum on the unpaid balenw until paid, uid principal and interest to be payable as
' follow„ In monthly inst.uments of ..Three Hundred _Ei$hty-Seven and 94/100 387.94 ~
- It------ ) indudirq interest, on ilia
`s~ L~. day of each month beginning on tlse ls_`-~----- day of 19_~~. t
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and continuing on the ~f?' day of each and e r e~t.~~-r~.~-~ }
i very month thereafter until Ilse day of T'--t_ ~ i
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19 _..8~ on which said date the entire balance of principal and interest then unpaid shall beconse dw and payable. Each payment is to be applied
first to interest and the balance to principal.
In case said installments, or any of them, are rwt paid within 15 days after the same beconse dw, rise whole of said principal and interest sum
shall forthwith become dw and payable at tM opYron of the holder of this note.
~ We, the maker, sureties, endorser and guarantors of this note, hereby severally waive presentment for payment, notice of ewes-payment, protest and
3 notice of protest, and diligence of bringing suit against any party thereto, and consent that time of payment may be extended without notiot tlsereof to
s any of tM wreties of this note. •
Now, should it be necessary ro oolkrct this rsote through an attorney, each of us, whether maker, surety or endorses on this note, hereby agree ro pay
all costs of said oolkection, including a reasonable attor~s fee.
t Said bank is hereby expressly authorized to retain any general or special deposit, collateral, real or personal security, or the proceeds therwf, belorsg-
t 4 ing to either of w, now or Isereafter in Ilse possession of it during tM time this note remains unpaid, and before or after maturity hereof may apply the
g 1 same to this or any other debt or liabilities of either of ua to said barsk, dw or M beaonse due. Given under the hand and seal of each party. {
This is a balloon mortgage and the final payment or the balloon due upon maturity is
$29,346.00 together with accrued interest, if any, and a 1 advancements made by the
mortgagee under the terms of this mortgage. y-
P. O. ~ Gam- Seal)
D star J. Krenrick ,
No Du ~ J ~ L ~i~c a. vu~r~ ~n
~m too - Virginia Krenrick
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3CRM ~UO PACEs:?V7~ -
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