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I~~e same, foget~er wifh I~ee lenemenls, herec~ifumanfs and appurfe-
. 30 ~i~ue and to ~iotd ~ '
nanc~s 1{~~?efo ~?P~uunin~, an~I fl~e renfs, issues anc~ pro~ils Ihereo~, unfo fhe rnortgaAes. jn (~e simp~e.
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,I 1he morl~a or cone~anls u~~~h ~hp morlgagee that ths mo~t~ag~ is tncle~xwialy, ieized o/ said +
~ ~an~ in ~ee sim~~~e; thal ~~~e merlgagor {~w goocj Ag~t anc~ ~aw~u~ uuf~ority to convey taic~ ~and _ as aJon-
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said: 16at thp mo?1ga~or u~ill malre suck ~urther assurances fo pi?rfpct tke jee simple ttlla to satcl ~and tn the ~
I':, mort~a~ee as may reasona6ly 6e required; t~at tl~e mortgogo~ l~ere6y Jully wananta tl~e fft7d '!o` iatd land
!j an~i u~il[ deJ~nd I{~e same against fhe luwjul claims oJ a!l penons whomsoeue~: and rhat said land t~ (ree ~
~ and cl~n~ oJ a[[ encumbmnces excepting taxes accruing subsequent to December 31, 1978;
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~rouided ~iways t6at i said mort a or ahall unto said mort ee the certnin
! f ~ 9 9 Pny 9a9 Promis-
~I sory note {~ereina~fer suf~stantia~~y copiecj or ic~entiJied. !o-wit: •
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S 49,000.00 Fort Pierce ~ Fb.,~, ~
~ May 23 ~ . t9 79 ~
fOA VALUE KE(:EIVED~ the unJeniKncJ~ {~uu~~ir rnJ ~ev~r~lty~ at morc ~h~n une) Nrum~sc~ a pay to ~
JORAI'! 0. PETERSEN - 8 single 8dult , w ~:Scr. in •he manncr l~etc~nafur syecificJ, s
~e Dsioeipat swo oI FORTY NINE TtpIJSAND aad-----------------------------------------nql~o Do~R~
( S 49 ~ Q~~. witb iaterut Irom Jatt at tAe rate o! TE@~ ~r «nt. Ner aonu~u un tl~e wlaace (raa ume tu tuae rea~aiainY unVaiJ. ~ -
The ~aid priocipal and intereat si?all be payaWe ia bw(ul ~y ol tbe UnheJ Jtate~ ot America at 3406 Dale Plaee - Fort ~
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Pieree, FL 3~+50 or at such placc a~ may hen•atter be Jrugna~es br wnttcn nutice (rum ~bt IwWt~ ~v tbe mai?cr bcrcof. un
:he date sad in the manatr folbwing: • ;
Face Amaunt of this NoCe and Mortgage payable, ~rith interest thereon ?
from daCe at the rate of ten percent (lOX) per annum, in ten (10) ~
~ equal annual installments of $4,900.00, plus interest; the first such :
~ payment to become due.and payable fourteen (14) months from date
~ hereof, thence continuing annually until paid in full; •
~ Mortgagors reserve t'he right of prepaymen[ in whole or in part at any
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l time without prepayment penalty.
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' Mortgagee herein agrees to subordinate this mortgage on the South 1/2
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; of caption property and to allrn,r mortgagors an ea~ement to said South 1/2
for ingress and egress, allowing for construction;
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Upon payment in full, Nartgagee agrees to furnish Mortgagors with an
- executed Satisfaction of this mortgage, as well as that mortgage to
I~?T~iRENCE H. BAi11~IICER filed of record in Official Record Book 281, at
Page 1586 of the Public Records of St. Lucie County, Florida.
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; 7hi~ note with intercit i~ ~ecured by a murtti~~r uo reri esute, o( ~ven Jatr Aer~•wph, ~n~Jt i?p ~h~ nul~r h~r.•of u~ (.vur u( ~he ~.~J
_ ;,.yee. and ~hsU be cautrued .n~i cn(otud .ccord~ng w tS?e laws a' ~he ~eatt d FleKwla. 'l'Ae .cr~w u( ~awl ..wrtga~,e •re br tAn relerence
~~iack a part be:co(.
I( dt[ault be made iu t}x- ~~ayuicn~ ol •ny uf thr ~um~ ot ?nt~rcat ~aentioneJ Ar-e~n ~r in ~aiJ rtwrlKaKe, ur in ~t~ {xr(urmaare u(
- .~ny o( the a}~teemewts c~nt~iocd bctc~n ur :n s..~J ^+~.-tya,;t, u~rn tbe e..tue yr~nuya! wm aod xutu~d ~nter~N a1~a11 at iLc u~xww o( ih~
r.older he~ro[ become at once Uuo and cvikctd,l.• wi~hw~t n.nice. time ix~ry~ ol lhe ra~eate; a~,d ~ai~l yrint~pal ~uin ao.l accrrecl intetr.e
shaU both bea~ interest Iro?n wtA ~iuu :riil paui :t the higAtu rite alk~vaWt unJu tbe lawn ol tbt S~st~ of FIunJ~. f+.lute w eutuu
ihia optan ahal! aot cunstitutc s waivcr w tt,- r~~hc w eurcir. ~he aaax in ~e cveat et aar wtaequcat d:tault.
Each perwn 4abk t?crcon wheih~r rnaker or en~tur~er~ hereby wii~e~ prcxntme~st. {uoee~t~ notiee rwtice o( prwe~t ao<! ne,tice o( d~~-
nonor and agtcc~ a wy all cusu~ includinK a n'.,wn~l,k auwncp's t~e, vi?ri..cr ~uit Le bnwKbt a aot. ir, sf~~f a~zwrur of ~hit ~w~e trr de(~ul~
- hueunder~ ot under uid mortYaYe~ cw?nset at?sU Le empk,ye~ to wikct thu nw.e w w yruiect tbe ~ecy~l` c?( uiJ mwtgaYe.
- Whencver useJ hrrcin the terraa "Iu~Wcr"~ "~ualcr" and "~arcc" ~haU I~e uuutt~ed ia fa'~ ur ylural ,u ~he cunteat rwy
' rcyuue ot adaiit. ` ~
~ ldshei s A~Wre~s ~ .(St:l1L) i
~ ~ ~ P 320 .
~ ! ,t: 77O ~a-~'. ~ ~ ~:.-~....(S~„L)
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~ `~~znB~H~.~: _~.i~. . .
` 6001 S. U S 1- Fort Pierce FL 33450
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