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~Q ~e ~ W the same, together with the tenements. hereditamenls and appwte-
nancys thereto belonging, and the rents, issues and profits Ihe?eoj, unto the mortgagee, to (yy simply.
the mortgagor covenants with the mortgagee that the mortgagor is indefeasibly syised of said l
land in fee simply; that the mortgagor has good right and [awful authority to rnnuey said tend as ajore-
said: lhaf 1hy mortgago? will make such Jurlher osswnnc~es to perfect the fee simple title to avid Innd in the
mortgagee as may reasonably tree required: that the mortgagor hereby fully wts??anta tke lifts fo tatd land
and will defend the same ogainst the lnwjul claims of all persona whomsoever: and that said land is free
and clear aj alt encumb?nnces except taxes accruing subsequent t0 December 31, 1978.
~rOUtdPd ~IU~IIJS, that if said mortgagor shall pay unto said mortgagee the cerenin promis-
sory note hyryina(lyr subsfantialty copied or identified, to-wit:
. r~,~ a: o•r.es... n•-.Mtr t.••rsMw,Mr VMrK IKtoa•d' SIMtYOLE roHM
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• 50,000.00 Vero Beach, , F,,,,,,,a October 23, „ 79
FQC VA't!E s'ECE~`i!D tt•e undcrsrgne! prom+x••. tc t.,y to Itw ord+~
COMMERCIAL BANK OF VERO BEACH
~ ~ nr FIFTY .THOUSAND AND NO/100---------------------------------------------- c~ralAr:
date of first disbursement,
t. t. ri,,•r :•e r+ i.,paest Ih:•rev~n at ttvj rate Ot 14 pe+ cenl per annum Iran -
dd m,.r••.•~y, b:th w+^uvat and interost being payable rn Lawful Money of rh•r Undo! States, such prrncrpal cum anj mter~st payable m ~ns't"n,• •a+ .+s F-tt•,.,a
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Accrued interest on this note shall be due and payable quarter-annually, commencing three
(3) months from the date of the first disbursement hereunder and continuing each three
I months thereafter until the total sum advani.,Ed hereunder has been paid in full.
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The entire balance due hereunder shall be due and payable one (1) year from date.
`:acr::+ • • • rt payments shall be aDPlied lirst to the interest accrwnq under the terms ~+1 this ^ote and then to a recru!t+pr; of the wrrKJat 3:•htei•~~ss
the m.i••r•_ a-=~ c~dcrsers of this note further agree to ..-awe demand, nptr~e of non-payment and o orrsr, a-d :n the event sud shrfl try brou~~•t f-. the
t •.r«r or the se^+e has to be collected upon demand of .ln Tftnrv+ny t0 pay reasonable ettorne7': fees for n,ah~g s•~ch collection o~y•-.~^r; r,o•...
t t r ct ~t the .ate of s ,
....percent p.r annum from r.,.ru~ay ,nt-1 paid. Thts note B setu+r'd by a m:;.tg~y.. of ever, a!e'--•rrr:,L ~n• ~ to
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a•~d • ~'-••c^! acco+drng to the laws of the Slate o! Fter,da uGO^ detach in the paynenf of pnnc pal .~ndlx inter^_st wh^n d•u. tie ~.t.o!e :•1~: of r
• = r •r a•• r a r= n• ••n,ng unpaid shall, at the Ophon of tree holde , c c Omra +m ~c.7~ataly a rnd pa i abtP ra+i~m t~ ea•cruse thr Opho^ al! not const•tu•e
! ct ' ;^r t~ .,~-use the same in the even? of suF:equom d••r rill ~
• 601 - 21st. St. , P. 0. Box 2767 ~ (/yyL
- L~-A'K1 a ~cA~,
Vero Beach, Florida 32960
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- ••a: h ethr r•lace as shall tae _ _ f l,l ~ ~
! • d b~ tt•e kolrier of re.is t
r.. rt. na. y
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