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~o due end to Mold the same, together with the tenements, he?edifamenfs and appurte-
nancesjt~hereto belonging, acrd the rents, issues and profits (hereof, unto the mortgagee, in fee simple.
xi~ the mortgagor coaenants with the mortgagee lhnt the mortgagor is indefeasibly seized of said
lured in j, r simple: that the mortgagor has. good right and lawful authority to convey said land as of
ore-
said: (hat the mortgagor will make such f urlher assurnnce~ to perfect the fee simple title to said land in the
mortgagee as may reasonn6ly 6e required: that the mortgagor hereby jolly warrartts the title to said land
and will defend the same against the lawful claims of all persons whomsoever: and that said land is f?ee !
and clear of nll encumbrances except current year taxes, and restrictions, reserva-
tions easements and covenants of record, if any; and as otherwise noted herein. j
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~ ~rouided always, that iij said mortgagor :hall pay unto said mortgagee the certain promis-
sory note heretnnjter substantially copied or identified, to-wit:
MORTGAGE NOTE
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AMOUNT LOCATION DATE
s 17,500.00 Ft. Pierce, Florida November 30, 197
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one} promises to pay to
R. EDWARD DURDEN and BETTE G. DURDEN, his wife
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or order, in the manner hereinaher specified, the principal sum of E
Seventeen Thousand Five Hundred and (vol100 (3 17,500.00)
With interest from date at the rate of 10.0000 per cent, per annum on the balance from time to time remaining unpaid. The said principal
and interest shall be payable in lawful money of the United States of America at Ft. Pierce, Florida
''i ~r at such place as may hereafter be designated by written notice from the holder to the maker hereof, on the date and in the manner following:
Principal and interest is payable Annually in equal installments as follows: Aeginning
on November 30, 1980, the sum of X2848.05, and the same amount on the same day of each
, in each year thereafter, until. the entire
~ principal sum of X17500.00 together with interest, as herein provided,-has been paid
in full.
All payments are to be applied first to interest at-the rate specified herein upon the
principal sum of E17500.00, 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 whole or in part at any time without penalty.
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~ 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 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 sums 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
( Florida
both bear interest from wch time until paid at the highest rate allowable under the laws of the State of Failure
to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default.
l 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 cosu, including a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this note
or default hereunder, or under said mortgage, 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'SADORESS ,Q~~ ~r ~?L~iJ~-~Y
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