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( editaments and a
~o ~aue and to Mold he same, tagelher tuilh the tenements, her ppurte- ~
nances thereto helou4ti?tg, and the rents, issues and projils thereoj, unto the mortgagee, in fee simple.
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the mortgagor covenants with the mortgagee that the mortgagor is indejeasi6ly seized of said
j, land in jee simple: that the morlgago? hoe good right and lawful authority to convey said !arid as ajors-
said; That the mortgagor will make such further waurances to perfect the jee simple title to said land in the
mortpageti a! inay ieasona6ly 6ti required; that the mortgagor hereby jolly warrants the title to said land
!i artci will de/end the same against the lawful claims of all persons whomsoever; and that said land is free
1 and clear aj ail encumbrances except taxes accruing subsequent to December 31 , 1978.
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' ~roo~ded ~~Wa jS, that tj said martgagor shall pay unto said mortgagee the certain promis-
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sory note Itereinajter su6sinnlially copied or identified, to-wit:
Mt,NTGA4L N4TL -
15,400.00 Ft. Pierce , Fl.,r,a~
December 17 ,1979
FOR VALUE REGIsi~:lil), the undersigned, ()ouuir anJ sct•~raUr, d store tt:+t. ~„c) promtua to par to
A & W LAND CO. , -INC. , a F1 orida corporation- . order, in the er,anner bereiaaftu specified.
the printapal sous ~ FIFTEEN TtIOUSAND FOUR HUNDRED and No------------------------------iloo DOLLARS
(S 1 5 s 400 • ) witb iAtenst ftom date at the rate of 9# per tent. per atsAU?u oA the b.lance fraA ume to lime rswaiotts~ unpaid.
Tbc acid pritxipal acid it?tetrest shall bs t»r~ iA bwful taooer of the United Sates of A?ACrica at
a at welt place u ttur Aen•akcr be drsisnated br wnttrn rwtice (ru?n the 1wWer to the tnal~er hereof, ua
the date aAd iA the tttaAAet (oilowiAs: -
~ Face amount of this Note and Mortgage payable with interest
thereon from this date at the rate of Nine and one-half per
cent (9~~) per annum in Pbnthly installments of 6179.63,
G inclusive of principal and interest, for a period of 144 _ ,
months. The first payment shall be due on June 17, 1980. -
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The maker of this note reserves the right to prepay, in part
~ or whole, at any time, without penalty.
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'I'bis note with interest is secured l,r a monRagc on real dote, of even datr hcr.•wuh, male br for ntal?cr hereof in ; Ivor of the s+,t1
payee, sad shill be ooastrued aAd aAfotecd ateordittt W the laws oI the State of FlortJa. The terms of aid Atortgagc ate br ibis rc(rreun-
E made a part baoof.
I( defauk be made i?? the paratewt of am of the sums or iaterat met?tivacd hrrria w in aid mw4taKe, a in the perfwmanre u(
any of the a~ Ata toatal/ted hereip Ot IA acid uwrtgsge, tbets the enure pritts ~p.t swa awl aun?cd intctctt abaU at the opttt?A t?f titr
holder hereof - «beeotAe at oAae dw aAd oollectibk witt+oYt Aotice, time txiaK pt the c{te,KC' sad said priaeipal sum ww.l accrYed iatcrr.~
ahaU bosh bear iotereat from inch lope YAtll gild at the biRhest rate alk,vrabk unticr the lat,n of the Sturm of Fltxida. t-adore W titre?t~
E thin option than not cAOStitutt: s waitrer of the right to esercise the sa?nc iA the event v( aar wlueyurot tlcfault.
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s Each person liable herteoA whether ntal<et or endotset hereby waives
honor sAd aaroea to PaX aU eau, i?sdeditt~ a resaoasble at ~ preaeatpteAt, Ixoteat, notice) ,notice of pretest ind notice of t!n•
herettAder, or ttAder said tttort~ast:, ottuASel ahaU be aAplortto fot?tleet~this m~ a ote
fs the wt r o(t+ald +s~tKatc'wte or det.Yit
s r uire~a
m
~ used bereiA the tcrrw "bolder'', "water" aAd "yaree" be ~ as'~"~~ ` ~ Flu ur ylur ~ at the cuAtcst tu+y
~ tdalter's Addrw ~ / .(SEALt
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