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~o ~iaue and to ~totd the same. together wick the tenvAtenb, heradilamenfs std appurle-
~ nan~•es !hereto belonging, and the rents, issues and profits thereof, unto the mortgagee, in fee simple.
the mortgagor covenants with the mortgagee that the mortgagor u indefewibly seised of said
land in fee simple; that the mortgagor has good right and lawful authority to rnnvey said land as afon-
jj said: That the mortgagor will matte such further assurances !o perfect the fee simple title fo said land in fire
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the title to said land
lI anti will defend the same against the lawful claims of all persons whomsoever: and that said land is free
and clear of all encumbrances except taxes accruir~YSUbsequent to December 31, 1978,
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~COU~ded ~tways, that ij said mortgagor shall pay unto said mortgagee the certain promts-
sory note hereinafter substantially copied or identified, to-wit: '
MORTOAaE NOTE
~ 15,400.00 Ft. Pierce .Florida
December
j~ . tg79
FOR VALUE RECEIVED, the undersisned, (windy and severally, J Dare thin onc) promisrs to pay to
A L W LAND CO. , INC. ur order, is the tsaaner bereiaa(ter specit'ted,
tee pristapal sws of FIFTEEN THOUSAND FOUR HUNDRED and 00/100---------------•--------x/100 DOLLARS
t s 15 , 400.00) wits isterest taoot date at cis rats at 9 ~ / 2 pct «at. per awtws oa the balance ryas time a bate remaisist{ tsspaid. '
The laid principal and isterest shall bt parable is lawful snorter of cis United States of America at
a at wcb plan as may berratter be desisnated br written notice from lbe bolder to the maker bereot, os
'4 the date sad is the taaaoer toUowins:
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Face Anaunt of this Note and Mortgage payable with interest
• thereon from date at the rate of Nine and One-half per cent
! (9 1/2x) per annum in 144 Monthly installments of 6179.63.
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First installment shall be due one month from the date hereof.
The maker of this note reserves the right to prepay, in part
3 or whole, at any time, without penalty.
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f Tbis note with interest a revered br a tsortss~e os real state. o! eves date herrwith. made br the tttakcr bereot is tarot of the said
payee. and shall be eoastrtted and eatorced stcoordin~ to tie 4ws of tie Stste of Fbrida. The tertss of said mortpae are by ebu reference
made s part heroot.
~ It de(:uk be made in tie payment of asr of the wms or iwten~t tsentioned brreiR or in said tsartRase, or iR tlw~ petformasre of
x any oI ebe sts Contaised betels a in raid taortp;s, chest tie entire priscipal suea asd accrued isuerest shalt st rite option of for
l holder bereot beoorne at osoe due asd eoilettibk tritbout sotics, titot beistt~~ of the esance; sad said prtscipal wm asd sccrued rnterr.t F
thaU both bear interest from such tithe until paid at the hi~iat rate aUowabk under the laws at tie State of Florida. Failt:te to enetcisc
} this option shall trot casstitute s waiver of tie risht to exercise tie satoe is the event of asy wbsequeat default.
Each person liable hereon wiener tacker or endecser, hereby waives ptpentsKOt, protest. notice notice of protest asd sotice of dis-
~ horror aced aae~ea to pair all casts„ ittcludiss a rrasonabk utorse~'s fee, whether swt bt bswr t or if. ter watunt of this sore ar default
bereusder, or under sad tnortpSe, coensd shall be etapbyed to ooUect this note or t 'ty of said otort~ade.
~ Wienever used baein the tetras "holder". "maJ<er" sad "payee" U iw orsplural sr the content mar
rrquire or admit.
Maker's Address _ ........»....f...:.1 ..................(StAL)
•R S.~COLINA~
• BOOK322 P~cE 236 .(SEAT.)
• (SERI,)
ANNIE •V, COLINA