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li~f ~ ~0 1W~ II~p same, falether u~ifh the tenerllenft. heredifastenfs and nppltrtP-
ua?n•es Iherefo Grlunl~inp, and the renfa, issues and profits Ihrreuf, unto the mortgagee, in lee simple.
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the mortgagor covenants with the mortgagee that the mortgagor is indefensibly seized of said
land in jee simple: that the mortgagor has good right and lawful authority to eonwy sntd land as ajone-
said; that the mortgagor will males such further assu?ances fo perfect the jee simple fl1le fo said land in the
' mortgagee as may reasonably ~~dquirtikl: that the mortgagor hereby fully warrants the title to sntd land
anti eoiU delend the same against the lawful claims of all persons whomsoever: and that sold land is free
and clear of all encumbronces except taxes- accruing subs~egvent to Decembex
~ 31, 1978, and that Mortgage dated July 22, 1976, and recorded in
ORB 255 at page 1223, St. Lucie County, Florida, public records,
in the original principal sum of S26,000.OOtfrom Robert J. Morace ~
' and Sally Morace, his wife, to First Federal Savings & Loan Assoc-
lotion of Fort Pierce, Florida.
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~CO~tdttd ~IUAyS, that if said mortgagor :hnU pny unto said mortgagee the certain promts-
sory note hereinafter substantially copied or identified, to-wit:
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PROMISSORY NOTE
$ 5,800.00 Stuart , Florida ~
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June 1, 1979 :
- FOR VALUE RECEIVED, the undersigned, jointly and severally,-
PROMISE TO PAY to the order of -
the Sum Of g S ND EIG T - D ED ND •NO 100--------- D LAR at
110 Cor-tez Avenue Stuart Florida , Or SuC Ot er place as
t e o flex hereo may designate in writing, together with interest ~
from date at the rate of nine & i/2 (_x.5$2 $ per annum on the
unpaid balance until maturity TTe said
principal and interest '
shall be due and payable as follows:
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Interest payments only payable monthly commencing on the 1st day of July, s
1979, and continuing monthly on the 1st day of each and every month-there~-
after until the 1st day of Juner 1986, at which time the entire $alance ov
principal plus accrued interest shall be due and payable in full.
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~ PREPAYMENTS IN WHOLE OR IN PART MAY BE MADE AT ANY TIME WITHOUT PENA:LTX.
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THIS NOTE IS SECURED BY A MORTGAGE ON REAL PROPERTY IN
f st_ .,ciP COUNTY, FLORIDA.
Documentary Stamps in the sum of $ 8,70 have been '
affixed to the Mortgage and cancelled.
IF DEFAULT be made for _30- days in the payment of any
installment of principal or in'
serest or any part thereof, the
a
_ 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 (_1 Q) $
per annum until paid. The makers and endorsers of this no e
- further waive demand, notice of non-payment and protest. If this
~ 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
w reasonable attorney fees.
OR
. B,~K309 aMc~ ~
z~9o
ROBERT F. McROBERTSr JR.
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