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~0 ~ ~ the same, together wlth the tenements. hert7difanents and appurte-
nances thereto belonging, and the rents. iuues and. proofs thereof, unto the mortgagee, Jn fee simple.
the mortgagor eonenanta with the mortgagee that the nwrtgagor L indefeasibly seised of said
land in fee simple; that the mortgagor has good right and lawful authority to eontiey said land as of
ore-
said; that the mortgagor will make suck further assurances to perfect the fee simple title to said land In the
mortgagee a may reasonably be required: that the mortgagor hereby fully warrnnb the title fo sold land
and will de/end the same agatnat the lawful claims of all persons whomswver; and that said land is free
and clear of all ertcuntbronces excepting taxes accruing subsequent to
December 31, 1974•
~ . , ; ~
~V~ ~~5, thnt if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
I
i
• iEMINOLE FORM ~7
~I , .r• NWb 1M. P~i.dd t~,.OM r MarMtr y~Mlr-WwM Mc4MQ
Mortgage ii
.............,Flori~!!..J~n~ 2y, .....19 g0 1
~ s2,-x81--.36 ~~~~erae
a I fOR VALUE RECEtVEO th• ~r~das+pn~i Dra~isos ro Wy ro the cedar of -
James F' -Herndon....and...,J.oan...He.rndon,. t~.is....wi.f.e....... _ _ _ li
l _ .
~ r?w principa! d--.Two-•-tkt-ouea~d-r---•e~i~hty....ane .and... 3~~10t1 . ......~ottus
togefhw with id.rea thereon N the rob af._.1.O
..................per pnl o« anrwm Iron ~a.n.ua.ry....2.9.,...19.~iD..-...... ,
until maturity, Roth principal and interest besng P+YebM in Lawhd AAoney of the United States, such pr~napal sum and interest payable ~n insta.~ments u lolbws: ,
~ Face amount of $2081.36 together with interest of ten per cent per ~
annum due and payable January ?_9, iQ81 or whenever the property
located at 5514 Palm Dr., Ft. Pierce. Fl 33450 is sold, whichever
comes first.
Such instaUrnatt paymerNS shah tse applied first Io tM interest acuuinp under tM terms d this note and then to a reduction of the principal indebtedness.
TM rnakars and endorsers of this hole hKther spree to waive demand. notice of nornp,ytn.nt and Protest, and in tM event suit shall be brought for tM
R„ collection hereof, or the same has to be coileged upon demand of an attorney, b WY reeseneWe sttorswt/s tees for making such colbdion. All WYa~MMS here-
under shell bear interest al ilia rsb of.....1,Q......perceM Per aiu?wn hom n`alutity until paid. This nose is setwed by a mortgsge of even date herewith and is io
i» oonstrwd and erdorced sctording to the laws d the Stale d f7orida: upon default in tM payment of principal andlor interest when dw, IM whole sum of
prinapal and interest remaiesirg unpaid shall, at the option d the holders. oeeome imendial~ dw and WYSb~• Failure a else this option shaft not constitute
I' a waiver of 1M right to exercise the ssree in that event of s.-!~MQwrM default. I
nn ,
Payable at....3O1•-••~a•P•tOiN...-$ ~.r _ _
_ Ft.....Pierce.•....E1....3..3.4.0 ...~7 ~ .~w,C~6!=-~.......................................tsEAu
................................ISEAL)
or such other place as shaft be .
designated by tM holder d this ............(SEAL) `
hole in writing. .
- BOflK ~7 PAGE 376
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