HomeMy WebLinkAbout0007 ~o ~iaue and to Mold the samt•. lult.•fher willr fhr tenements, hereditumPnls unrl appurf?•
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nanca•: Ihrn•lu I,r•lunginrt, and the rr•nls, issues and profits Ihr>n>oJ, unto tlt~ mortgagee. in Jee simple.
end !h?> mortryayor c-ovenanfs with the mortgagee that the mortgagor is indefeasibly seized of said
Iand in Jee simple: that the mortgagor has good right and lawful authority to convey said .land as afore- j
.aid: Thal the mortgagor bill make such Juriher assura?tces to perfect the fee simple title fo said land in the
morttluflt•P as may reasonably he required: that the mortgagor hereby fully warrants the title to said Iand
anti n•ill defend the same against the tau>jul claims of all persons whomsoever; and that 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-
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sory note he?einajler substantially copied or identified, to-unit: i
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= 12 , 000.00 Ft . Pierce Y1 ° "vim 80
fOR VAWE RECEIVED the undersigned promises to pay to the order or ~ anusY'y lb, 1980
ORVAL L. SHELTON and WILLIAM GEROLD
Twelve Thousand and No/100-------------------- ~,~r~s12,000.00
the principal sum of.....•-•----- s _ - .
togMhar with irttarest thereon hem date, at Ilse rase ot.......$~ir-.__B1:ZOW,_....._......p•? per._.,....._...........- ..................._...-.until matwity, said interest
being payabl..-S.eB...Below..........a, the ..daY of.__...._ and..-............. _
each year; both principal and interest being paYSbk in lawful money d the United States or its equivalent, at _ '
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.....................................said principal sum to be payable on the dates and in the smouMs specd,ed below, lo-wit:
No interest shall accrue during the first 90 days.. Thereafter
interest shall accrue at the rate of 10% per annum until
maturity. from date of note.
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~ The entire principal amount and all accrued interest shall be
a due and payable in full 180 days from the date hereof.
Privilege is given to prepay without penalty.
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Each nsaker and endorser severally waives demand, protest and notice d maturity, non-payment or potest and all requirements necessary b hold each of
~ them Uabk as makers and endorsers.
Esch maker end endorser further agrees, ioinlly and severally, to pay all costs of colksction, including a reasonable attorney's fee in wse the principal of
this hole a any payment on the principal w any interest thereon is not paid at the respective malwity thereof, or in case it becomes necessary to protect IM
security hereof, whether suit be brought or not.
This note and deferred interest payments shall bear interest at the rate ol......1.r~...... ........per cent, per annum hem maturity until pad-
This rate is secwed by a ...............mortgage of even date herewith and is to construed nd enfw according fo the laws o! the Stale at Florida;
upon default in the Payment of principal andlor interest due on any note secured by sai Mortgage, a secured inir,g unpaid shall forthwith
a payable no larrdirtg 1 tenor.
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f..... (Seat)
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