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~0 ~ ~ the :ame, together wlih the teret:teents. ` ~ ti a?id ' ' e- _
nances thereto belonging, and the ants, issues and lfs thereo unto l • KK ~
tN'aj h n~w~t~Q~~~~F iii Jee d le.
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the mortgagor eoe?enants with the mortgngee that the mortgagor 4 tndeJeasibly seized of said
land in fee simple: that il{~e ,~Qr~i~jir,tnw guuv~ rid .i w-.a'{ I:a:::Js:I a:::i:..~ity is ~stozp rzid I.sssd as aJart-
said; that ehs mortgagor will mare :eech /uriher auurwncea to per(act the je. stmpb title to sold land to flee
mortgagee as may reasonably be nquirod: thaeldee moortgagor ha~eby /uUy worrareb tihe-.eitle eo said Iand
Rne~ e.,t~l itaJsn,~ maestatil !A! lo,.~lul Clet„~ p~ A~ DIr19ge wi phd t?rOe epjd ~ to JrN
and clear of alI encumbrances except taxes accruing subsequent to December
31, 1979. ~ `
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V111~I1 ~UIUAyS, that iJ :aid mortgagor ahaU pay unto sold tccatoape the carlaln promts-
aorp note leereinaf
ter substantially oopted or tdentifted. to-aril:
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36 000.00 Port St. Lucie February 80
S . t Florida. , 19
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pY ~ ~Z~t~l tM wederspned jointly and severally promises to pay to the order
of WILBE H. TtiOMS N anti JOYCE A. THOMSON, his wife
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the principal sum of THIRTY SIX THOUSAND AND NO/100 Douars(s 36,000.00
together with interest thereon ham dots at the rate of 11 .per cent. per smum until maturity ~ .
ssid interest being payable motethly on the.. let ~y of each and every month both princpal
and interest being payable in lawful money of the United States at G56 Calmoso Drive Port
~i St. Lucie _ ..Florida, -
f or at such other place as the holder hereof may resign. to in writing. Principal end interest payable in atstall•
;r THREE HUNDRED FIFTY TWOd AND 85/100 352.85
? ~ menu of... Dollars, (S. j
,x each on the 1st ,~,y of each and every month, beginning on the 1st day ~ Marc h
` i9 8 , and coMirtuittg until said principal and interest have been paid. Each installment payment shsA be
.,s cre~?ed first on the inlers~ then dw; and the remainder on pr'tnapal; and interest shah thefeupon cease upon
3 ~ the prindpal so txedited.
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In the event any of the payments due herein shall not be paid within
~y Ten (10) days from the due date thereof, a penalty shall be imposed
~'3 equal to five (5$) percent of the amount of such payment due.
Maker reserves the ri ht to
g prepay all or any portion of the within .s
~r indebtedness at any time without penalty, provided however, that the
•;r Maker shall not have any right of any prepayment priviledge for the ~;+.i
r~ first three (3) years from the date hereof.
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i Each weaker and endorser severally waives demand, protest and notice of maturity, non-payment or protest and all re-
quirements necessary to hoW each of Ihem liable as makers and endorsers. x
Each maker and endorser further preen, jointly and sweralfy, to pay aq costs of cdledion, including a reasonable actor- ~r
nets !ee in case the principal of this cafe a an ~3`s
y payment on the principal a any interest thereon is not paid of the respective
- maturity !hereof, or in case it becomes necessary fo profaN the security hereof whether wit be brought or not. x•
This Hato and deferred interest paymertls shall bear interact at 1M rate of ~ 1 .per cent. per annum from maturity
until paid.
This note is secured by a first mortgage of even data herewith and is to be construed and enforced according to the laws ~+'s„
of the State of Florida; upon defaub in the 4"
payment of principal andtor interest when dw, the while wm of principal end k,,;
^i interest raneainirsg unpaid :hall, of the option of the holder, become immediately dw and payable.
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800K~ ~V lseaq Marilyn C. Rinehart (S.al)
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