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~o ~iaue and to ~totd the same, fuaelher with Il,e tenements, heredifumc nls and appurte ~
nnnces fl,en•lu belunginry, and the rents, issues and profits Ihereu(, unto the mortgagee. in free si?nple.
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end Ibe rnurf{tagor co,•enanfs will, flte mor/gutti•e lltal the mortgagor is ir,delrusihly s.•iz~cl of said '
land in fee simple; that the mortgagor has good right and lawful aufhorily to r•ont•ry said land as afore- I
said: Thal tl,e mortgator will malre such further asstera?eces to perfect Ibe fee simple title to said land in the ~
murlttattr•r• as may reasonably be required; Ihaf the mortgagor .hereby fully warrants the Lille fo said land
I' anti will clefend the same against the lawful claims of all persons whomsoet•er; and that said land is free
grid cdc>ar of all encumbrances except taxes accruing subsequent to December 31, 1978.
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~rou~ded always, that i f said mortgagor shall prig unto said mortgngee the certain promis-
. sort' note hereinafter substantially copied or identified, to-wit:
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S0 000 00 Port St. Lucie Florida,.-.--Q~tQb~~----~~----..--.--.1979___
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.,1~ { ~Dr ~2l~uf ~Zt'C!`IbC~1 the undersigned jointly and severally promises to pay ~to the order ~
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e'-~ FRANK BRANCA and SALLY BRANCA, .h /,~_wi.~~ If
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principal sum of.FIFTY..Tt7(111SAi`jjl_~jjl-,NQ~]-QQ------ --.-.Dollars-(S-SOyDDO-.134----------), Jr
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i together with interest thereon from date at the rate oF...---.-....10'~______________~er cent. per annum until rnaturtty, Zrr
ck~ said interest being payable monthly on the *SQSn-.bcl.R~ .............day of each and every month both principal ~ `
and interest being payable in lawful money of the United States at---_.~.Q_7.4_.r1_.~~___CS)IluEtez~_~c3.1.._________ ".1.~
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Street, Jensen Beach, Florida 33457 Florida, kr
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rat such other place as the holder hereof may designate in writing. Principal and interest payable in install- y-'~
merits of ~ Dollars, (S kt+'~
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~ each on the.______________dat' of each and every month beginning on the ___...-.-.-.-._-.-.day oF.___.._-... _
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z'- ~ 19____._., and continuing until said principal and interest have been paid. Each installment payment sha)I be
credited First on the interest then due; and the remainder on principal; and interest shall thereupon cease upon
~1~ the principal so credited. J~
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:,'1~ Maker reserves the right to prepay all or any portion of the within indebtedness
~-Y at any time without penalty. ~~X
This 'Dote and all accrued interest thereon shall be due and
~t payable within six y:,~
=,"'i~ (6) months from the date hereof. ir`,
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Each maker and endorser severally Waives demand, protest and notice of maturity, nonpayment or protest and all re• y..~~
jr' quirements necessary to hold each of them liable as makers and endorsers. jr:.
~ Each maker and endorser further agrees, jointly and severally, to pay all costs of collection, including a reasonable actor- i;±
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y';`:~ net' s fee in case the principal of this note or any payment on the principal or any interest thereon is not paid al the respective jr!'
:'.t maturity thereof, or in case it becomes necessary to protect the security hereof, whether suit be brought or nat.
k:•`~ This note and deferred interest payments shall bear interest at the rate of 10~ per cent. per annum from maturity .sr'
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mot", until paid.
This note is secured by a first mortgage of even date herewith and is to be construed and enforced according to tf,s (aws
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sit' of the State of Florida; upon default in the payment cf principal andior interest when due, the whole sum of principal and j(;;
interest remaining unpaid shall, at the option of the holder, become immediately due and payable. k~~~
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3~t~~K319 P~~E2~87
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