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~o Piave and to ~iotd the same. together with theR,•terltmMte. htlred{t4menfs and appurte-
??a?tces thereto 6elongi?tg, and the rents, issues and profits theredj, urtto `the mortgagee; in jes stmpls.
the mortgagor covenants with the mortgagee that the mortgagor W indejeasi6ly seized of said
land in jee simple; that the mortgagor has good right and lawful authority to convey raid land w ajorv-
~ said: that the mortgagor will make such further assuraneee fo perfect the jee simple title to satd land in the
mortgagee as may reasonably be required; that the mortgagor hereby fully warranty the titb to satd land
and will defend the same against the lawful claims of all persons whomsoever; and that said land is free
and clear of all encumbrances EXCept tdXeS accruing subsequent to December 31, i 979.
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~V~ ~IUatJS, that ij said wwregagor shall pay unto said mortgagee the certain promir-
i sory note hereinafter substantially copied or tdentijted, to-wit:
MOpTGAati NOTIs
- 5.000.00 Ft. Pierce , F~;a,
January 2, , 1980
FOA VALUE AECEIY.ED, the wadessit{acd, (jt>,ntly and snerally, it more thou one) praxises to pay to
L. K. SMITH and LILLIAN A. SMITH, his wife
yr ordu, in the manner bereinsiter speciticd~
its princppal sues of FIVE THOUSAND. AND NO--------• -•--••-------•-------~-------..-•--------,/100 DOLLARS
(i S,OOO.00 ) with interest Croat dais at tits rate or Ten per teat. per annuso on the balance eras time to time r~euwinitc~ unpaid.
The. said principal atsd interest abap 6yt payable is 4wlul money of the United States o[ Aaterica at
or at such place ss ?nay bereaitrr be designated by written notice from ebe bolder w the msleer tiered, oa
the date and in the manner [ollowiai:
Face Amount of this Note and Mortgage
payable with interest thereon at the
rate of ten percent (10x) per annum, in
42 monthly installments of E155.65,
beginning One month from the date hereon. .
The maker of this note reserves the rj~ght
to prepay, in part or whole, at~any time
without penalty. ~ {
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Thu t?Ote with interest W securest a frlart On real tstate, w evcd •
p'a~ie iKfcwitn. iu3a.c" yr
payee, and shall be owtstnsed sad sett aooorditt~ to the Laws aI the State tit F'brida. •Ibe terms at said nsort~e are by this retcreace
made a part ba+eo[.
J.
If delat?lt tit made in the payment a! say of the suns oe interest mentioned herein or in said mortRaRe, or in the periora?aara: d
am of tbs apse ou contained herein or its said mortjass, then the entire principal scan sad accrued interest sbatl at tb: optiow, d the
bolder bereotbewme at Dace dw sad eotlecttbfe witboet e?otioe, tiwe beia?t o[ the essence; and said sum aw?! scen~ed seternt
ahaU both bear interest from such terse until paid u the bisbest rate albwsbk wader the lsMn d the to of Florida. 1'ailare a acercisc
this option abeU sot oostititute a waiver of the sisltt t0 t:acise tht same in the toast of any subsequent drisuit.
Escb person liable btaoon whether tnsJces a endorser. hereby waives pr~aeatmeot, protest. notice tsotia of prowl end tsotice of ~ dis-
honor sad ajtees to ps~r aU cow. iacbsditt; s teuoaabk attors?sy'e lee. whether suit bs Lvos?Rbt or not, ir, suer asatt?nt of this smote or detatdt
hereunder, at cadet sand mostpse, touasd shall bsi aapbyed to collect this note or tv protect the securer at said
y awrtsagt.
Whenever wed herein the terms "bolder", "m.ker" sad "payee" sb`aU conttrt?ed in the singular pis?rsl a< the contact twy
rtquire es adtaia. >t[aker's Address . ~ J / ,~Lc~ r-~~ - . .!-~(SEJIL)
~t~. L~NNOX
s~3~3 47'1 (SE„ l.,
P~Gf -
MI IE LENNOX
(SEAL )
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