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~0 T~Yt ~ l0 the soma, together wtth the tenerryn~, he~editar~em, and appuNs-
nances thereto belonging. and the rent, Issues and profits thereof, unto the mortgagee. in jse timpls.
the mortgagor covenants with the mortgagee that the nor-tgagor is -indefeasibly seised of sold
land in fee simple: tha~''tbe~rriortgagor has good right and Inwjul authority to coRVSy sold land w afore- -
_ said:.shat the mortgagor will make such further assurances to perfect the fee almple title to said land in the
mortgagee as may reasonably 6e required: that the mortgagor hereby fully warrants the title to said land
and u~lll defend the same against the lawful cbims of all persons whomsoever: and_ that said land is free
and char of «!l encumbrnncea excepting taxes accruing subsequent to
December. 31, 1978. _ .
- - y_ t 3`a -
' ~V~ ~WiUJS, that if said mortgega' sIN[t t unto'-said mortgagee the certain promis-
ii sory note hereinafter substantially copied o? fdentifieel, to-urtt: ~ -
rS ~.~.TOrtQ.40 Vero Beach, Florida Segt~~*~,_ 193 No. ~ -
For value received, the undersigned jointly and severally promise to pay to the order of ~
- OIYVIS S. COIIRSEY and ALICE->K. CODRSE7t, his Wife, - -
at Sebastian, Florida _
the sum of F.3,fteen Tho and and No~10~---~---------------------- Dollars
with interest after date at the rate of ------reins°°°-"- per cent per annum.
Principal and interest shall be payable in the fdlowing manner.
Principal-sad interest in the attatooat of-$150.00 shall be
due and payable -ono atonth frost date and a like ammunt _
shall be-due and payable each oonsecutitre-month thereafter _
until-the entire indebtedness evidenced by this note shall _
have bean g sad is fall .
G
Prepayments may be made at any tunes and in any amounts without penalty. All payments
shall be applied first to accrued interest and then to principal.
If any payment is not made in full when due, -thy entire unpaid principal and accrued interest,
less any unearned interest and any interest in excess of the maximum allowed by law and any re-
bates required by law, shall at the .option of the holder become immediately due and payable with-
. out notice. Failure to exercise the option shall not constitute a waiver of the subsequent right to
exercise it.
Each of us, whether maker, surety, guarantor or indorser,~everally waives presenLtnent, demand
for payment, protest, notice of protest and notice of dishonor; ccnsents that this note or any part of
it may, from time to time, be extended or renewed without notice for any period (whether or not
longer than the original, period of this note); agrees that the exchange, release, surrender or sale of
all o.• any real or personal property or collateral that may be given to secure the repayrrwnt ofthis note
shall not release or discharge any party obligated on this note; agrees that the release of arty party
_ liable upon or in respect of this note shall rat release any other such party; and agrees to pay, in
the event of a default, all costs and expenses incurred in +he collection of this note including attorneys`
fees equal to 10 per cent of the principal sum or sucn larger amount as may be reasonable and just
and also those costs, expenses and attorneys' fees incurred in appellate proceedings.
ADDRESS: 143 >g 14th Stx~t _ ~S _ (S~
nald Hoard Cohron
lest Pierce, Plarida 33450 S (SEAL?.
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