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ehs same, together wiih the isneiresnis, t.rra::.?uru~.-.ts u~: 3ppt;rl=-
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nances Thereto belonging, and the rents, issues and projits Ihsreoj, unto the mortgagee, in jss simple.
end the mortgagor +covenants with tits mortgagee that the mortgagor to indejeasibly seized of said
land in fee simple: that the mortgagor has good right and lawful authority to convey said land as ajoro-
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said: that the mortgagor will make such further assurances to pe?ject the fee simple title to said land in the
i~ mortgages as may reasonably be required: that the mortgagor hereby fully warrants the title to said land ~
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I~ anti will defend the same against the lawful claims of all persons . whornsowtx; and that :aid land 4 free i
and clear of alt encumbrances except taxes accruing subsequent to December 31, 1979. ~
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` ~CQUtded ~AtJS, that ij snid mortgagor ahnU pay unto said mortgagee the certain promis-
!I sory note hereinafter substantially copied or identijted, to-wit: _
MORTGAGE NtlTE
• 20,000.00 Ft. Pierce . Fl~red~
. December . 19 79
FOR VALUE RECEIl'.ED~ the underai~ered, (jointly and te~-eraity~ iI more tA.n moor} promitea to pay to t
ROY K. TALLEY s ,6s n.anner here:naftet anecitied;
tee lu+w+t~ :um of TWENTY TIiOUSAND AND NO------------------------------------------100 DOLLARS
t S 20 , 000.00 )with iate»si (rout date at the rate of 12 per cent. per aaatem oo the balance from bent w time rtatainisti tenpaid.
"I'he said principal said ir?tereat sbaU be Wry w lawttel snorer of the United States of America at
or at such pbte as tray bens(ter be designated by writers notice from the holder to the ertaker hered, ua
the date asd is the »taetner followinj: I
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Face Amount of this Note and Mortgage payable with interest
i thereon from this date at the rate of Twelve percent (12X)
~ per annum in Monthly installments of ;240.04, inclusive of
E - principal and interest, for a period of 180 months. The
First payment shall be due One month from the date hereon.
The right to prepay, without penalty, is hereby reserved.
'T'hin note with interest u secwed by a mortgage oR real estate. of even date herrwith, made by the rnakcr hercut in favor of the t.Kl
payee. and shall be ooeeatrued atsd eo[oeted acoordirt~ to tbs lams of the Sate of Ybrida. 77te terms trf said nwrtsare are by thu relcrrurc
mach a part hereof.
If default be ereade,in the psytneot of snr of the sums as interest mentioned herein a in said mortRarte, a in the perforrstanre of
any o[ the mean contairtod itereia or is said mortaa~e, tbeA the enure princiiui mom sRd accrued iaurest shall at tAe aptba of the
holder hereof beoaae at onu dw sad edlectibk witiwrt notice. time beiryt of the esKRCe • and acid principal mom and accrrcd interrs~
shall bode bear interest from steth time until paid ai the biRiseat rate slbwabk under the Iswa of the State of l:lorida. tailwc to exercisr
thin option shall not txsastitute a waiver of the nsbt to exer~w. the same is the cvewt of awy auteseyueot default.
~ Bach person liable hereon vrhsther makes or endorser. hereby waives prssentmeat, proteu, notice reo.ice of protest and notice of dis- t
honor and saran to par all costa, ieteludites a reasoaabk attorae~'s fee. whether sort be browlht a ant, ir, after nsaturtty of this emote or ddauk
hereunder, or teades said tnortaase, ooWtsel shall bs empbred to oolloct tbu note oc w protect the secwiry of said rw+r4latlt•
Whenever Wed herein the terror "holdu", "maker"' and "payee" ahaU trt coaauued io tbt einaular vt plural sa the context ruay
rcquue a admit. , ~ , ~ /
- Iv{aker'a Address ..:.7~ ~...~1.!.'.:.-..s:.....!-~. .~..uGL,GFs.'-.:a.~~ .........(SEAL)
t~AN SCHARFSCHWE~RDT
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