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~Io ,~be xnd to ~olD the same, together with the tenements, her+eclitamenta and appur-
tenances, unto the said Mortgagee in fee-simple.
c~~ said Mortgagor does covenant with said Mortgagee that said Mortgagor is indefea-
sibly sew trf etiid land in fee simple; that the said Mortgagor has full power and lawful right
to convey said land in /ee simple •aa aforesaid that it shall be lawful for said Mortga,~ee at all
times peaceably and quietly to enter upon, hold, oc~eupy and e>;joy said land; that sacd land is
free from all incumbrancea; that acid Mortgagor wi make such further assurances to perfect
the fee simple title to said land in said Mortgagee as may reasonably be required; and that said
Maw
~~c~i~
of all y jay warrant the tit to said land and will defend the same against the
j persona whomsoever.
~robiDrt~ ulb~ngs, that ij said Mortgagor shall pa unto the said Mortgagee the osrtain
promissory ate, of which the following ~n wands and figures i8 a true copy, ib wit:
~M ~ • M[7RZriA~ l~s ~ TYT~LAM% w+ar~ v % w~~. row
•urras uw •wwc w~uNN~t ~rwrs w ~ ii
~ 28, 000.00 Fort Pierce , qo,;d,
March 5 ,1980 '
IaOR VAI.[7i; RECEIVED, the ttndetsigacd, (jointly and severally, if more than oat) promises co pay to '
CAARLES REAL ESTATE, INC.
, or ordep in the manner hereinaker specified,
cite principal wm of Twenty Eight Thousand and No ~lpp ppL~S
2$, 000, 04 with interest from date u the rate of 15 per cent, per annum on ehe balance from time co time remaining unpaid.
The said prinripa! std interest shag be payable in lawlu) marry of the United Braces of America u
Fort Pierce, Florida or u such place u may henaker be desigmud by written tsocice [ram the holder eo the maker hereof, on
the date std iu the manner [opowingc
$354.05 per month on March 9, 1980, and on the ninth day of each month
thereafter, until paid in full.
...L . J
litE.+ Tt'uiu~~siyi2et'~ by their signatures unconditionally personally guarantee
the payment of the sums promised to be paid.
Buyer may prepay in whole or in part at any time without penalty.
This note with interest is scoured by a mortgage on real estate, o[ even d:te herewith, nude by the maker hereof in favor of the said
payee, seed shat! be eottstrtted and enforced according to the laws of the State of Fbcida. The terms o[ said mortgage are by this reference
trade a part hereof.
'II dcfauk be made in the payment o[ any o[ the sums or interest mentioned herein or in said mortgage, or in the performance o[
any of the agreements eoteuined herein or in said mortgage, then tfte ensire principal sum and accrued interest shag at the option of the holder
hereof become at Doer due and eofieectbk without notice, time being of thr essence; and said principal sum and accrued interest shall both
bear utcerese [rota such titre untt7 paid ac the highest race albwabk under the laws o[ the Sace o[ Florida, FaJure to exercise this option shall
nae eottuicute a waiver of the eight to exerctscc the same in the event of any subsequetx de[auk.
Each person 4abk hereon whether ttuker or endorser, hereby waives presentmetu, praesc, notice, mice o[ praesc and tsocice of dishonor
and agrees co pay all cows, including a reasonable attorneys (ce, whether suit 6c brought or two, i[, after ttucuricy o[ this note or defauk
hereutder, oc under said mortgage, counsel shall be employed to talker this nae a to protect the security of said mortgage.
Whenever used herein the terms "holder,', "maker" and "payee" shall be cotutrued in the singular or plan! u the context may
require a admit.
Maker's Address (SEAL).
r
(SEAL)
• LAl!1T
and shall perjarm, comply with and abide by each and every the stipulations, agr~menu, . •
conditions and covenants of said promissory note and of this deed, then this deed and the estate
hereby created shall cease and be null and void.
the said Mortgagor hereby covenants and agrees:
1. To pay all and singular the principal and interest and other sums of money payable by
virtue of said promissory note and this deed, or either, promptly on the days respectively the ~
same severally come due.
2. To pay all and singular the taxes, assessments, levies, labilities, obligations and eneum-
brances of every nature on said described property each and every, and if the same be not
promptly paid the said Mortgagee may at any time pay the same without waiving or affecting
the option to foreclose or anyy right hereunder, and every payment so made shaA bear Interest
from the date thereof at tlee rate of D~CXI[6tXlfAD7lgLOG highest rate of
interest per annum lawful under the laws of. the State of Florida.
3