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~o ~iaue and to Mold the same, fagelher with the fenemenls, heredilamenls and uppu?fe
uances Thereto belonging, and flee reels, issues and pmfils Thereof, unto the mortgagee, in fee simple.
~i >tLnd IhP mortgagor t•orPnanfs tvith IhP morfgagc~e Iiat the mortgagor is indefeasibly selZPd of said
;i land in fee simple; That the mortgagor has good right and lawful aufhortty to convey said land as afore-
' said: Iha1 the mortguttur will make such further assurances fo perfect the fee simple tills to said Land in the
morf{tsetse as may reasonably be reytrired; Thal the mortgagor hereby fully warrants 'ihe tills to said Land
'i an+i mill defend the same against the lawful claims o/ all perso?u whomsoever: ane~ t¢at _said land is free
~ and clear of all encumbrances
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~rouided always, . That iJ said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially rnpied or identified, to-wit:
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~ 20, 000.00 Fort Pierce, Fl nri rya Janug~~ 7 _ 19_$.0_
FOR VALUE RECEIVED, the undersigned. jointly and severally, promise to pay to the
order of BEN D . EMERSON , JR .
~ ut -varies iioutevard
at Fort Pierce, Florida 3'3450
the principal sum of Twenty Thousand no / 100 - - - - - - - - - DOLLARS, with
interest at the rate of 1S per cent per annum from date _ until
paid, in installments as follows:
Four {4) equal semi-annual inst~lm nts as follows:
Judy 1, 1980 - $5 , 000.00 pl s inters t on the unpaid principal
~ balance; January 1, 1981 - 5 000.00 plus interest on the un-
~ paid principal balance; Jul 1981 - $5,000.00 plus interest
on the unpaid principal bala ce; Jan y 1, 1982 - $5,000.00
plus interest on the unpaid incip balance.
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NO PREPAYMENT ALLO XCEPT WI E CONSENT OF THE HOLDER.
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If any installme t bye not pro tly p d ithin _._3Q_-_ days next after the same be-
comes due, then at he op ion of th h der hereof, the full amount remaining due upon
this note shall th eupon b come d a d payable at once, together with all other indebt-
edness stipulated this n to and n e mortgage given to secure the same.
The makers and en rs of t is note further agree to waive notice of non-payment.
protest and demand for pay eat, and in case suit shall be brought for the collection
.hereof or the same shall be collected upon demand of an attorney, to pay all expenses
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r of such collection, including a reasonable attorney's fee thereon.
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(SEAL) -
~ hn P. Svec
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(SEAL)
e~;`~ 323 PEE 1360
(SEAL)