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~0 ~iAVt ~ `0 the same, together with the fenemenis, heredifamenla and appurle-
nancasjf~h,~ere~lo belongi~ig, and the rents, issues and profits thereof, unto the mortgagee, in jK simple.
null the morlg¢4o ~~ran~ with fhs mortgages Ihaf the mortgagor is indyjeasibly seized of said
Land in fee simply: that th~gagor has good nigh! and lawful authority to conaey :aid land as a/on-
said: that the mortgago? will males such /urfher assurances fo perfect Ih. fes simple filb fo said land fn the
mortgagee as may reasonably be required; that the mortgagor hereby fully warrants the fills to said land
and wtl! dyjynd the :ame again:t the lawful claims of al! penons whomaoeuer: and shot said land is free
and clear of all encumbrances except real estate taxes subsequent. to 1
December 31, 1978, and that certain Mortgage from Florida One
Construction, Inc., to First Federal Savings and Loan Association
of Fort Pierce, dated November 9, 1978, recorded in ORB 298, page
1953, St. Lucie County, Florida, public records, in the original
principal sum of S32,600.00;
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~t'OUided always, that ij said mortgagor sha!! pay unto snid mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit: I
PROMISSORY NOTE
$ 4,650.00 Stuart , Florida ~
_
FOR VALUE RECEIVED, the undersigned, jointly and severally,
PROKISE TO PAY t0 the order Of FLORIDA ONE CONSTRUCTION, INC. ,
the Sara Of FOUR THOUSAND SIX HUNDRED FIFTY & NO/100------------ D LLARS at
2050 Griffin Rd. ,Ft. Lauderdale, FLA 33312 , or Suc Ot er place as
t e o tier hereo may esignate in writing, together with interest
from date at the rate of ten (10$) $ per annum on the _
unpaid balance until maturity. T e sai principal and interest
shall be due and payable as follows: -
i
In monthly installments of SIXTY ONE AND 47/100 DOLLARS ($61.47) including
~ principal and interest, commencing on the 1st day of July 1979, and 4
continuing on the 1st day of each and every month thereafter until the
1st day of December, 19 83 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.
Docu;nentary Stamps in the sum of $ 7,05 have been
affixed to the Mortgage and cancelled.
IF DEFAULT be made for -15-- days in the payment of any
installment of principal or interest or any part thereof, the -
whole sum then remaining unpaid with interest shall at holder's
- option become due and payable without notice. Failure to exercise
3 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 t1o) $
per annum until paid. The makers and endorsers of this note
fur`her 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
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pay all costs of collection, including all court costs a d
reasonable attorney fees.
Maker shall have no personal liabil y /
~y~~
Note and Holder shall look to the o ~ ~l ,2~
sole security for payment. Q g
BGOK V iACf~~~ ROBERT F ~ McROBERTS f JR.
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