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7~ ~{AY~ ~ ~ Ilse same. toget~ler iuitl~ the tenements, ~eredifaments •and appurte-
nances]t~h,,e~rofo belonging, and the rents, tunes and profits fhereo/. unto the mortgagee, in fee atmpls.
fhs mortgagor covenants with the mortgagee that the mortgagor b rodefewibly seized of said
land in /es simple: that the morggago? has good right and bwf
u! authorlt~? to conwq said land a of
oro-
said: That the mortgagor will ma4e .such further asawrvnces to perfect the fee simpb tills to sold land In the
mortgagee as nay ~rewonably be required: that the mortgagor hereby fully warrants the tttb to sold land
and will defend the same agairut the lawful claims o/ aU.penons whomsoever: and that said land. u free .
and clear o/ all encumbrances except subject to that mortgage executed by
Lloyd Taylor and Clotilde F. Taylor, leis wife - in'` favbr~ °of First
Federal Savings and Loan Assocation of Ft Pie=ce dated February 23, +
1976 and recorded in O. R. Book 249, Page 415,•of the~Public Records
of St. Lucie County, Florida in the original amount of $28,000.00
ALSO SUBJECT 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. bock 290,
Page 2479 of the Public Records of St. Lucie County, Florida in
the original amount of $3,343..08.
~u~ys, that ij sold mortgagor shall pay unto said mortgagee the certain promo=
f sory note lte?einaf ter substantially copied or idenfif
ied. fo-wit:
f
i
s
r ;
aa., fM (1.,.uotl /p.Oi..w Mwsob M,r.~w.h•WwM r,Kbda!! •EM/INOLE FORM ~1 ~ ,
,l•1 ort ~a {~e 1Vo~e
~ ;14, 850.00 ~ ` F`Ort Pierce . F:~..:e August 3 1979
fUR VALVE 2E~i 'IED Fhe unc.•rs-y~e • ; _ : rc ;=av t. 'o :cr of
INDIAN RIVER GARDENS, INC., a Florida Corporation
i
~r nc,pal w~ Four_ teen Thousand Eight Hundred fifty and No One-Hundreths--
ten this date. '
• ;•r-er w,!h +rseres+ .'.e~con ar •c •a+e of rP.• `•c-
1 matur,l/, b7*!• pr uCa! ar_ ,nteres+ oo-*; e.~t~e .,,•r^r a ;v[^ ~-,nrOa' a,• _ai~`_te ^S•d.E::~ents a: i_:ip..: j
Z4 a ual monthl payments of $123'.75 (representing interest only) with the fir
9 X
n in da
and a like sum on the corres d
payment commencing on September 3,1979 Po g
, of each like succeeding period thereafter.Then 59 equal monthly payments of
~ 5143.32 with the first payment commencing 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 remainin rind al balance shal ecome ue
an paya a in one paymen n ess mo i i e as agree y on roc
~JTZzT~ITLl-'~~ma ers o is Note reserve the right of prepayment in
,whole or in part at any time without penalty..
i Such ,nvall~nt pay•ner•rs shag be apD„ed first fo Ma .n+erest accrwnq under the terms o4 ehis note an, rhea to a reduct=on of the pr„c.psi ,ndebredness
The mater a-a e-9crsers of th,s no+s !u-+^er agree to ws=ve remand, nonce of nog Cay!*en! and pro+.ar, an3 .n the event su,r shall be broy9ht for Me
~ C'=Gr' herocf, or saa.r hes to be COIiK:e~: upon de•*,and of an r+t-7rner. Io.paY reasonable ar,orneY s feel Ipr ^+a1.ny such cot!ect.o°. A!1 payments Isere•
-e• shaft bea• .•~s• a• •we ra•e of ten trcenr per a^^.r+ t•cT .rgrur.ry Lrr-I pa d. T~,s Wore .s Y-curcC e. a marrg,ye of even ate `ere«,rh and s to
~ co^srr,,.~o a-~d a !once: acrot~~nq +o laws of roe Sars of qo•,-'.a ~tcn der „!r ur the CiI^+•^t of D''^< pa:.+n' or =^~erest when Cue. rfis whole sum of
~cpal and +rteresr reera•rmy unp~~d salt, at r^e op+.on oI rye hotCe•s oeconse .mmed,are!y :u' e-d pa±aD4 Fe •'u=e'+o eaeruse rhn Option shall not canthrure
j «a .er of the ..ght tc e><erc,se tt+e same rn rwe went o4 wbseduent Cefauh
~ ,,,.;lQe, 2501 Sunrise Boulevars~ S/ James E.Hatfie~B~
Ft-.Pierce,Fla. 33450
~ `r~ James R. TurnersE~~:
,uch ocher p~aee at s~au be S~ Joseph G Mf 31~~"~`
~ :ez~gnared by the ho'CCr of rhn
•c,e ,n wr,hnQ iSEAIr
- - ~ - - - - - 1.
~,~'~K3~4 past x.15