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~o ~,rWe .and to Mold the same, layelher u~ilh the tenements. heredrftiinenfs and appurle
, nunc•es thereto b~~lunt~iutt, and the rents. issues and profits thereof, unto the mwfgngee, to fes simple. ~
the mortgagor covenants with the mortgagee that the mwtgagw fs indefeasibly ssfsed of said
nIN~
I~ land in fee simple: that the mortgagor has good right and lawful authority to convey said land as afore-
said: that the mortgagor u~ill.m a loch further assurances to psrfec! th• fee simple title to said land to the
mortgagee as may reasonably ~ be~ot~d : that the mortgagor hereby fully warrants the title to said land
ones will defend the same against the law/ul claims of all persons whomsoever: and that said land b Tres
and clear of all encumbrances
except taxes accruing subsequent to December I
31, 1978, and that Mortgage dated 11-1-78, recorded in OR8 297
at page 2545, public records of St. Lucie County, Florida, from ~
~ Raul A. Coto and Marta Coto, his rife, to First Federal Savings
~1 and Loan Association of Fort Pierce, in the original sum of
$36,000.00.
~I
I
it
4 ~rou~ded niWnIJS, Ihat i f said mortgagor shall pny unto said mwfgngee the cerentn promis-
sory note hereinafter substantially copied w identified, to-wit:
it
PROMISSORY NOTE ,
$ 4,000.00 Stuart , FlOrlda ,
June 1, 1979
FOR VALUE RECEIVED, the undersigned, jointly and severally,
PROMISE TO PAY to the order Of R UL COTO a d MARTA COTO his wife
the Sum Of FOUR THOUSAND AND NO/100--------------- D LL Sat
5934 NW 39th Stre t Mia i F r'd , or sucFi other place as
t e o er hereo may esignate in writing, together with interest
from date at the rate of ten___C1o$) $ per annum on the -
unpaid balance until maturity. T e sai principal and interest
shall be due and payable as follows:
In monthly installments of FIFTY TWO AND 87/100 DOLLARS ($52.87) including
principal and interest, commencing on the 1st day of July , 1979, and
continuing on the 1st day of each and every month thereafter until the
~ 1st day of June , 19 84 at which time the entire balance of principal
~ and interest then unpaid shall become due and payable. Each payment is to
be applied first to interest and the balance to principal.
PREPAYMENT IN FULL OR IN PART MAY BE MADE AT ANY TIME WITHOUT PENALTY.
THiS NOTE IS SECURED BY A MORTGAGE ON REAL PROPERTY IN
ST.LUCIE COUNTY, FLORIDA.
Documentary Stamps in the sum of $ 6.0o have been
l affixed to the Mortgage and cancelled.
IF DEFAULT be made for days in the payment of any
~ installment of principal or interest or any part thereof, the
F whole sum then remaining unpaid with interest shall at holder's
option become due and payable without notice. Failure to exercise
- such option shall not constitute a waiver of right to exercise the
~ same in the event of subsequent default. After maturity both
principal and accrued interest shall bear interest at ten(lo) $
per annu,~t until paid. The makers and endorsers of this no e
further waive demand, notice of non-payment and protest. If this
y note is not paid at maturity and the same is placed with an
attorney for collection, the makers and endorsers hereof agree to
pay all costs of collection, including all court costs and
reasonable attorney fees.
oa p ~ ~ ~ a
BOCK ~ P~f,E2878 0 ~l
ROBERT F. McROBERTS, JR.
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