HomeMy WebLinkAbout1877 ~o have and ~to fold the same, together with the tenements, he?edifaments and appurte-
nances]I~l?~er~eto l?elo??gir?g, and the rents. issues and profits Ihereo/, unto the mortgagee, in fee simple.
1fIt1{ the morfgngor rnvePanls with tl~e mortgagee fl~af the mortgagor is tndeJewibly seised of said
land in fee simple; Ihaf Il+e mortgagor has good right and lawful authority to convey said land a aforr-
snid; that the morfgngor will make such further nssuraneea to perfeN the fee simple title to said land in the
mortgagee as may reasonably be required; that the mortgagor hereby fully warrants the fills to said land
nnd~will defend the same against the lawful claims of all penoru whomsoever: and that said land is /rte
and clear of all encum6ronces except taxes subsequent to December 31, 1978 .
111~1~ ~IUaIJS, that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
= 3,779.01 - Nc
Fort Pierce, Florida t"iay ly...Z4.
for value received, I, we, or elther of us, promise to pay without defalcation, !o the order of
Gene C . Drumm et toffiQp in Fort Pierce, Florida, the sum of
with interost from date at the rate of Q.- 5 % per snnum, M monthly installments as follows:
~ 7 9,~~ 7 on the 20th day ~ .Am p ~ 1 A 7 Sand a like sum on the corresponding
day of each like succeeding month thereafter for a period~of _..b~ months, at which limo the entire unpaid
tsa!ance becomes due and payable on demand.
A late payment charge of s~.3..~_, shall bs added to each payment remaining unpaid 7 days after its
due dote and a like sum shall be added to each such installment remaining unpaid 7 days after each succeed-
; tag payment date.
~ Each installment first shall be applied in the payment of the Interest and then on the unpaid balanga
of the principal sum, if default is made in the payment of any installment when dve, then at the option of
the holder, and without any other notice, all the remaining installments :hail be due and payable et once.
Privilege is given to pay two or more installments at any installment maturity date, but this shall not extend
€ the time of maturity of any subsequent installment. Neither forbearance, nor acceptance by the holder
hereof after any default in any payment hereon, shall be deemed extension.
Each maker, surety and endorser hereof, jointly and searerally, waives demand, presentment, protest
rnd notice of protest for non-payment, and further agroes ro any extension of time of payment, either before
or aNer maturiry, without notice to any of us; and ~o psy all coats of collection, irxiudirq a roasonable attor-
?~e,%s fee in the event of any default hereunder, and hereof? isveratly waived oil benefit of homestead and
~ exemption under the Constitution and laws of each State of the United States, as against this obligation or
any erte??sion of renews) hereof.
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WITNESS THE HAND AhlO ~EAi, C>IF,EA~H PARTYI ~ (Seal)
Bula M, Cramer .
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~o~,r 3~9 ~a~~1874
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