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- ~Q ~ ~ th. same, together with the tenements„ heredttameMs and nppurts-
nnnces theroto belonging, and the rents, issues and profits thereof, unto the mortgages. to je. simple.
the mortgagor eovenonts with the mortgagee that the mortgagor b indefeasibly seized of said
land in fee simple; that the mortgagor has good right and lawful authority to convey said land as ajoro-
said: that the mortgagor wil! males such /urther assurances to perfect the jes simple title to said land in the
mortgages as may roasonably be required: that the mortgagor hereby juUy warrants the title to said land
and will defend the same against the law/ul claims of all persons whomsoever: and that said land is /.es
and clear of all encumb?anees
~V~I~~{l ~ss that ij said mortgagor shall pay unto said mortgagee the certain promts-
sory note heni'nofter substantially copied or identified, to-wit:
MORTt;AtiE NOTE
AMOUNT LOCATION - D9TE
s 15,000.00 198 Vindale, Fort Pierce, Fla. 33450 ? ~
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to pay to
D. C. NELSON $ ALLIE NELSON, his wife - .
or order, in the manner hereinafter specified, the principal sum of FIFTEEN THOUSAND DOLLARS $ 00/100- - - - - - - - - - - - -
IS 5, 0 0 )
With interest from date at the rate of 11.00$ per cent, per annum on the balance from time to time remaining unpaid. The said principal
I and interest shall be payable in lawful money of the United States of America at
or at wch place as may hereafter be designated by written notice from the holder to the maker hereof, on the date and in the manner following:
180 monthly installments of X170.49 each, the first installment to become due and
payable on or before the 19th day of December, 1979, and one installment to become
due and payable on or before the 19th day of each succeeding month until the whole
of said indebtedness is paid, with interest as herein provided.
All payments are to be applied first to interest at tl~e rate st~ecified herein upon
the nrincinal sum of X15,000.00, or so much thereof_ as may from time to time
remain unpaid and the balance of each payment shall be applied to principal.
THIS NOTE IS PREPAYABLE IN WI-10LE OR IN PART AT ANY TINS WITHOUT PENALTY
The tax required by Section 201.08 of the Florida Statutes has been paid and proper stamps
~ have been affixed to the mortgage which secures the obligations evidenced by this note.'"The
makers of this note herein reserve *he right of prepayment in whole or in part at any time
without nenaltv."
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i; 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
~ :aid payee, and shall be construed and enforced according to the laws of the State of Florida The terms of said mortgage
are by this reference made a part hereof.
If default be made in the payment of any of the wms or interest mentioned herein or in said mortgage, or in the performance
of any of the agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of the
holder hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest shall
both bear interest from wch time until paid at the highest rate allowable under the laws of the State of Florida Failure
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to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any wbsequent default.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice
of dishonor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this note
or default hereunder, or under said mort
gage, counsel shall be employed to collect this note or to protect the security of said mortgage.
Wherever used here in the terms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may
require or admit. ~
MAKER'S ADDRESS .S . lK` ? '~t/; - , , it f % /
32[l Ps~F 2484 ~ ~ t ! L-~:, W ~ ~;~-~.~-~I~-~~ W t