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~0 ~ ~ tkt same, together witk the tenements. hereditaments and appurte-
nances t~ieroto belonging, and the rants. issues and profits ths?eof. unto the mortgagw. 1n fee simple.
the mwtgagot; covenants with the moNgagee shat the mortgagor u tndef
eosibly setsed of raid
land in fee simple: that t~ii mortgagor has good right •and lawful authority to convey said. Land w aforo-
satd: that the mortgagor will matte such further assurances to perfect the /ee wimple tills to said land to the
mortgagee as may roa:onably be required; that eke mortgagor ktroby„ lolly warranb the titb !o said land •
and will d%nd tke same against the lawful cbtmt of all persons whomsoeve?; and that satd lane( is free
and clear of aU encumbranceseXCept 'sub j eet t0 that nwrtgagt3 executed by
Lloyd Taylor and Clotilde F. Taylor, his wif~,in tq$vor of Fixt
-Federal Savings and Loan Association of Ft. Pierce-dated June 23,
1976 and recorded in O. R. Book 254, Page 64 of tlie'Pub1Yc Records
of St. Lucie County, Florida in the original amount~of $32,000.00.
ALSO SUJBECT to that certain Second Mortgage executed by Indian
River Gardens, Inc. ,a Florida Corporation in favor of Clotilde F.
Taylor dated .January 10, 1978 and recorded in O. R Book 290, Page
2083 of the Public Records of St. Lucie County, Florida in the
original amouht of $8,516.26,. -
1
+ Ult~ AIDS, that if said mortgagor skall pay unto snid mortgagee the certain promis-
f~ sory note heretnaf ter substantinlly rnpted or identified, to-wit:
i
i -
r.....,~. r+d.. [L. (hrrc~M hr.aM M.r,tU/ bldlMrq-IMMat1 twe/.Nd' iEMINOLE FORM ~7
I 1V1ort~axe 'Vole
11, 200.00 Fort Pierce• F,o,,,, August 3 1479
fOR VALUf RECEIVEC +M unders~t1e • prom.us ee .ar to the w-ar d
INDIAN RIVER GARDENS, INC., a Florida Corporation
i Eleven Thousand Two Hundred and No One/Hundredths---- j
.-a c+:nc~pal sum c! ..o:•a s
~ _ ten this date ~
•_;etner wrth rnteresr threon of the rare of ~s• ce*! Cf•! hom
I matunty, both W •ucal any •ntMZSS be.n; paYaC'e :n :wwtul .Y. •.ey at tae t~-,.+?~ Mates such p.,napaf s.'++ eny *'c•cs' Aavab!e .n :cs•a1:meNS as t,liows
24 equal monthly payments of $93.33frepresenting interest only3with the firs
~ payment to commence on September 3,1979 and a like-sum on the corresponding
day of each like succeeding period thereafter.Then 59 equal manthly payments
of $108.09 with the first payment to commence on September 3,1981 and a like.
sum on the corresponding day of each like succeeding period thereafter until
August 3,1986 on which date the entire remaining principal balance shalTTe'=
some ue and payable
in one-Bf?LL paymen n ess mo i ie as agree y
on rac o Jury
T~IYT~3: e a ere o is Note reserve the right of pre-
! payment in whole or in part at any time without penalty.
1. Such ms+ati^e~+ par,.en+s s^a,~ be r~c!.ed `:rst to tM mterast acc:u r.4 wde+ the +erms of this Hole and then to s rod.c•ion of N,e pr+nc:pal indebtedness.
i Tne mare-; a- • e^'a-:e-~ of rti s ^:'e F,•rher a~•:M to wave CeTr+a nonce ct no^ par+nent and p:otes•. and :n Me event suit sns?1 be brought for the
~ .:•.or he•rpF t..„ ~ to t~. l«c'~ ' uvon '••'^a^d o! an ar to par •ea:o~ab:e +t•crney s Fees for <ra:~nq suth colter+wn AIt parmer4s here-
, -r shad cea• -es• ~ ra•e or ten -a.:,^• pe• a•.•,.~ f•c . ry ;a C F'.s no'e :s scc..•ec by a norr9aye of e.en _ate •erew+rh and rs ro
_ cc^•+•,.>y r-7 e- s•ce= ac-erd:-; Ia.vi of +^e S+ate cF Fio• Ca :,[fin 'e+3..;t - • t^e :av•nent of p•, •.o,: a^~ pr ~~t_rest when ;,e, t''^.e whole sum of
c ca' any :n*erss• ~np~ 0 s'> ` a• t`e o7s,ar of t".e .:ol:e•s c~cc^+e •'T"'c_ a+etr ~x .•n~ paraa;! Fa !~•e to eRerc~se rhn oCncn sh~~l not comhlute
.v a:rer cf +he y`t +p ever: use she <o••• • e~en+ OF subseCve^t Cef gut:
.r••le at - 2501 Sunrise Boulevard
f~ James E.Hat~il~l
Ft. Pierce,F1a.33450 a~
James R: Td~Al~r
r /
- :uch otter [lacy as sha.~ ~ Joseph G.M~1l~r
'e ynated b~ • ..'o'ver of rhos
,n ,:.r:bnp iSEAIi tw
r
f - - - - - - -
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~ ao~iK 314 P~cE 89 ~ =