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a Mfr. ;
~Q ~V~ a~ W T111~ the same, togefhvr with the tenements, hereditaments and appu?te-
nnnces thereto belonging, and the rents, issues and prulils Thereof, unto the mortgagee, in fee simple-
ii( ~u the murtgagor covenants with the morfgage~ that the mortgagor is indefensibly seized of said
I~ land in jee simple: that the mortgagor has good right raid lawful authority to rnnvey said lnnd as ajore-
4; said: that the mortgagor will made such further assurances to perfect the f ee simple title to said land in the
! mortgagee as may reasonably be rvyuired: Choi the rnoriVnttor hereby f ally wannnfs the title to said land
and will defend the snore ngainst the lawful claims al ell persons whomsoever: and lhnf said fond is f ree
and clear of nllencumbrnnces EXCEPT taxes subsequent to December 31, 1979,
and that certain mortgage dated October 1, 1979, to Vimer Enterprises
Inc., a Florida corporation in the original principal sum of $90,000,
~lUII JS, that ij said mortgagor shall pay unto snid mortgagee the certain promis-
sory note h.rina(ter substantially ~ opisd or identified, to-wit:
PROMISSORY NOTB
$ 15,000.00 stuart , Florida
December 19 , 1979
FOR VALUE RECEIVED, the undersigned, jointly and severally,
PROMISE TO PAY to the order of T. J. CAHPO
the Sum Of FIFTEEN THOUSAND AND NO/100---------------- D LL a
i
118 South Federal Hi hway, Stuart, FL, or sac Ot er place as
t e o der hereo may esignate in writing, together with interest
from date at the rate of TEN (lo$) ~ per annum on the
unpaid balance until maturity. T e sai principal and interest _
i shall be due and payable as follows:
i
f Payment of principal, plus accrued interest, shall be due
and payable in full on or before April 1, 1980.
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THIS NOTE MAY BE PREPAID IN FULL OR IN PART WITHOUT PENALTY.
THIS NOTE IS SECURED BY A MORTGAGE ON REAL PROPERTY IN
ST. LUCIE COUNTY, FLORIDA. -
i
Documentary Stamps in the sum of $22.so have been
I affixed to the Mortgage and cancelled.
E
~ IF DEFAULT be made for TEN days i n the ray:~ent^.f 3 ny
installment of principal or in'
serest or any part thereof, the
whole sum then remaining unpaid with interest shall at holder's
option become due and payable without notice. Failure to exercise
such option shall not constitute a waiver of right to exercise the
same in the event of subsequent default. After maturity both
principal and accrued interest shall bear interest at 15 $
per znnum until paid. The makers and endorsers of this note
f urthzr waive demand, notice of non-payment and protest. If this
note is not paid at maturity .and the same is placed with an
attorney for collection, the makers and endorsers hereof agree to
pay a?? costs of collection, including all court costs and
reasonable attorney fees.
_ GREFF DEVELOPMENT CO., a
Florida corporation
l[ aoa~l~ pecE23~4 •