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the same, toyedter with -the tenements, hereditoments and apptute-
~o ~iaue and to Mold
nanresjl~hMe~reto belonging, and the rents, issues and projils thereof, unto the mortgagee, in jee simple.
><i1Lli the mortgagor r•ot~enants with ihp morigagee chat the mortgagor is indejeasi6ly seized of said
land in jee simple; that the mortgagor has good righ! and lawful authority to convey said land as ajore-
'i said: that the mortgagor will moire such further nssurances to perfect the fee simple title to said Innd in the
mortgagee as may reasonably 6e required: that the mortgagor hereby fully wa?rants the title to said land
arm will dejentl the same against the lau~~ul claims of all persons whomsoever; and !hat said land is free
1 and clear of all encumbrances
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~rawded ~lwnys, that ij said mortgagor shall pay unto snid mortgagee the ce?tain pronsis-
sory Hole hereinafter substantially copied or identified, to-wit: ~
1
I
ITIC~' 131
M ORTtiAGE NOT[ •
f=f. P: e r-c e.
s 12 , 500.00 pC fobt?r q .Florida
. 19 7 9
FOR VALUE RECEIVED, the undersigned, (jointly and severally, i( more than one) promises to pay to YOUng, MCMdhon, dnd
Levert, a professional corp. and Robert J. Youn Sr.
g ~ s or order, in the manner hereinafter apeci6ed,
tt~c principal sum of nd fT~~ DOLLARS
twelve-tl~ousa~nd & five-h~tn ed-------------------------------
~ 2 s cjQQ, DD) wet snteresl rom ate at t e rate o per cent. per annum on the balance from time to~tme remaining unpaid.
1 l,c said principal and interest shall be payable in lawful money of the United States of America at P.O, BOX 4g6, Vero
Beach, F1 or at such place as may hereafter be duignated by written notice from the holder to the maker hereof, on
t!:c date and in the manner following:
tenthly payments due and payable the first of each month (commencing on
l~ovember 1, 1979) until paid in full.
The amount of payment due each month is $150.00, including principal & interest.
This note with interest is secured by a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the said
l:a}~e, and shall bt construed and enforced according to the laws of the State of Florida- The terms o! said mortgage arc by this reference
rr:adc a part hereof.
If default be made in the payment of any of -the sums or interest mentioned herein or in said mortgage, or in the performance oI
any of the agreements containtd herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of the
t;older hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest
;tall both bear interest from such time until paid at the highest rate allow•abie under the laws of the State of Florida. Failure to exercise
it,;s option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice of dis-
}.-.;,or and agrees to pay all roses, including a reasonable attorneys fee. whether suit bt btought or not, if, after maturity of this note or default
i,-render, or under said mortgage, counsel shall bt employed to collect this note or to protect the security of said mortgage.
Whenever used herein the terms "holder", "maker" and "payee" shall be construed in the singular or plural as the context may
rcG„ire or admit. j~
Maker's Addreu '7~/'~-~-- ~ ~4C--, _ - _ (SEAL)
Dennis 0 Y ung~
_ - _ - - - - . _ (SEAL)
_ _ _ - - - (SEAL)
~=o•~: ~~,e_c ,~r.Jv 33~~
v Lorraine 6. Young
_ _ (SEAL)
~ C-.oPy ~ - -
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