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1LAVt WIIS W IW~ the same, together with the tensmehf~, hendifanenla and appurle-
' nanceanthMer~eto belonging, and the rents, tssuea and projtfs Ihereoj, unto the mortgagee, in fee simple.
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the mortgagor cownanb with the mortgagee thnf the mortgagor to indejeaatblr seized of said
lnnd in Jes simple: that fhs mortgagor has good right and lawful authority to conwr said land as ajor~e-
~ :aid; thnt the mortgagor will make such jttrther asstuances fo p.r(rct the fee simple title to said bnd in the
mortgagee as mar remonablr be required; fhnf the mortgagor hereby /ally war?artts the title to said Innd
~ and will defend the name agatrsat the lawful claims of all persona whomsoever; and that aatd land u free
and clear o/ all encumbrances except chose taxes accruing subsequent to December 31,
1979.
~V~ ~Ud~S, that ij raid mortgagor shall rxir unto said mortgagee the certain promta-
I sort note her+einajter aubetantiallr eapfsd or identified. to-wit:
MORTOAOt NOT= 4714
= 4,085.00 Stuart ,Florida
December ~ $ ~ 1979
FOA VALUE RECEIVED, the undersigned, (jointly and severally, it more than one) promises to pay to
CFiitIS ERNESTON,JR. and DORIS H. ERNESTON, his wife
or ordu, is the manner hrteiaatter speed,
the principal sum of Four thousand eighty-five and no/100-------------------------- X100 DOLLARS
4,085.00 )with interest from date at the rate of 10 per cent. pu annum on the balance from rims to time remaining unpaid.
The said principal and interest shall be parabk in lawful money o[ the United States of Aateriu st 7003 Pine Tree Lane, West
Palm Beach, FJ~~b~da or at such place u may hereafter be designated b? written notice from the holder to the maker hereof, on
ehe date and in the manna following:
Principal and interest payable in monthly installments of
Eighty-five-and no/100-------dollars ($85.00), beginning the
18th day of January ,1980, and continuing until
the 18th day of January ,1985,at which time an
unpaid Principal and Interest becomes due and payable.
Maker reserves the right to prepay at any time without
prepayment penalty whatsoever.
i
Thu note with interest u secured a mortgage on real estate, o[ even date herewith, made by the maker hereof in Iavor of the said '
paytt, and shall be construed and enforced according to the laws of the Sute of Fbrida. The terms of aid mortgage are by this reference
made s part hereof.
It defauh be made in ehe payment of say of the sums or interest mentioned herein or in raid mortgage, or in the p?..rtortttatue of
say of the agreemeab contained huein or in aid mortgage, then the entire principal rum and accrued interest shall at the option of the
holder hereof become at once due and eolkctibk without notice, time beingg of the essence; and said principal sum any' sewed interest
shall both bear interest from such time anal paid at the highest rats allowable undo the laws of the Suu o[ Florida. Failure to rxtrcise
this option shall cwt constitute a wairer of the right to ertercise the tame in ebe event of any subsequent default.
Each person liable hereon whethu maku or endorser, buebr waives presentment, protest, notice, notice of protest and notice of dis-
honor and agrees to par all costs, including a reasonable atwrner's tee, whether suit be brought or not, if, after maturity of this note or default
hcreundu, or undo said mortgage, ooutuel shall be empbyed to collect this note or to protect the security o[ said mortgage.
Whenevu used herein the terms "bolder". "maker" and "payet° shall be construed in the singular or plural as the context mar
require or admit. ~ ~
Makers Addms ~
d ~ JHND. a~~
872 Colors o Ave. , ~ ,_„_,,,,_,,,~~~~~~!1,_ f,~,u,;t'~.-„_.._ (SEAL)
Stuart,Florida
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.(SEAL)