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~ W, the same: together. with the tenements: hereditaments and appurte-
nances (hereto belonging, and the rents. issues and profits thereo% unto the mortgagee, in lee simple.
~ the mortgagor covenants with the mortgagee that the mortgagoa` b indejeasi6ly seised of said
land in lee simple: that thsi mortgagor ha good rtght and [awful authority to convey sold land os ajore-
said: tha! the mortgagor will make such further w:urances !o perfect the lee simple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully urananb the title to said land
and will defend the same against the lawful claims o/ all persons whomsoever: and that said land to jroe
and clear of all encumbrances except:
A first mortgage given to Community Federal Savings and Lean Association
in Martin County, Florida in the approximate principal sum of $41, 000.00.
- ~p~~ that ij said rno~tgaear shall pay unto aerial, : Ilse certelss p~la-
sory note he?eirrajter subetentiaUy copied or idesstljieal, to-mils- - - , .._3-
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j~ :5,.000..00 ~ .Port-.St.: Lucie October /Z 1-, 1979
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~ the utderstpsed Icy and seVKally promiws 10 pay f0 fM order
RAYMOND C._HOWARD -
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--tbe principal-w~ of..Five thousand and. no/100----------- -...DoNKS(i..5,.000.0.0
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together with wdKest them from dste sl the rah of 5. 5 pK cent. per annum until mrurity,
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said intKest being payable monthly on the.... See. below day of each and every nanth both principal
and interest being payable in lawful money of the United Slates at 2915 Ford Avenue, Penn Hills,
.Pennsylvania 11546
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or at such othK plea as the ho1dK hKeof may designre in writing. Principal and intKest paysble in instad•
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~ menu of.. See .below. _ DollKS, (S )
each on the .day of each and every month, beginning on the day of ,z•-
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~ 19.. ,and continuing until said principal and intKest have been paid. Each inslaliment payment shall be ~ -
' ~ cred~ed first on the intKSSt then due; and the remainder on prindpal; and interest shah thereupon cease upon
r the prirapal so aedited.
_The entire principal arrd interest shall he due and payrable 30 days from t
the date hereof. -
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Maker reserves the right to prepay the entire principal and interest
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accrued to the date of payment without penalty.
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j* Each maker and endorser severalFy waive demand, protgl and notice of meturit~?, non-psYmenl or protest and all re-
'~t quiremeds necessary to hoW each of than (table as makers and endorsers.
Each looker and endorsK Further agrees, jointly and sewraNy, to pay ant costs of cdledion, including a rwsonable actor-
,1 ner s tee in case the principal d thn note or any parent as+ 1M principal a any interest thereon is not paid at tM respective
maturity tliereoF, or in case n becoawu necessary to proNd tl» security hereoF, whether suit be brought or rect.
~d This note and deferred ariKe:f PeYsaenfs shah beer interest r the rate of 10 per cent. per annum bom maturilr 1
s This'
note is secwed br a First awrtgaye of awn date herewith end is to be construed and enforced accor~ny to the laws 1
d tlwz Mate of Florida; upon deFauM is the paymeN of prirKipel erect for interest when dw, the whole sue+ d principal and
irrKest remaining unpaid shah. r the option of the holder, become „nsnediatelr dw and parable.
WELCOME HOMES CONSTRUCTION, IN '
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Attest: ..........__...(S..q ..(Seal?
Secretary. ~ g
_ _ ~ - cs.a4 sy:. -
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President
(CORPORATE SEAL)
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