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~o ~iaue and to ~iotd the sa?nv, together with the tenements, {teredil6menla and appurte '
nances thereto helunging, and the ?ents, issues and profits thereof, unto the mortgagee, in fee simple.
end the mortgagor covenants with the mortgagee that the mortgagor is Indefeasibly seised of said
~ Itt?td in (ee simple: lhat~ tlie. mortgagor has good right and lawful authority to convey said Iand as afore-
said: that the mortgagor will make such further assurances to perfect the fee simple title to said Land to flee
mortgagee as may reasonnhly be required; that the mortgagor hereby fully warrants the title to said land
and trill defend the same against the lawful claims of all persons whomsoever, and that said land is free
and clear of all encumbrances except taxes accruing subsequent to December
31, 1979.
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~ ~rouided ~Iways, that if avid mortgagor shall pay unto said mortgagee the certain promis-
~i~ sory note hereinafter substantially copied or identified, to-wit:
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$ 149, 000.00 Fort Pierce. Florida, - - _ 19 gQ
For value received, _I, we or either of us, promise to pay, without defalcation, to the order of
R & j` TAY' ~ t:'1 nri rla ~p,~
rrat] QTl
at Post Office Box 3132 _ ~ _ _ in 1?'ort
Pierce, Florida, the sum of-~ ~ ArID NO~00~ DOLLARS
with interest from date at 'the rate of 12 96 per annum, in monthly instalments as follows,
~ $1,569.32 on the 20th day of 19~, and a like sum
i on the corresponding day of each like succeeding period thereafter until the whole be fully paid
~ ~h laatalo?ent first shall b applied In payment of ebe Interest and t1Kn on the unpaid bnhare of the principal sum. It default la
made in the palraeat of any lostalment wbea dw. then at the optioa of the bolder. and without way other notice, all the remaining
! ladalmrnq shall b due and payabM at seta. Z'rlrllege 4 ghee to pay two or more fastalmeats at an7 le?slnlment maturity date, but
f ~ this sbwll eat a:tend tb lieu of mwtarrity of way subeauent lastalmeat. Neltber [oebsaranee._aor aoceptanoe by the bolder hereof after
.ay defadt in say ps7meat hereon, shall b dsea?ed a:ta?riaa.
E Bath taaker• surety and eadoesar hsesot, jolntl and stnerdb. waives demand. presentment. t+rotst and settee of protest for ?wn-
t+asment. sad further agrees to any axteasia? ot~tittw oI wtym.nt. either betoee or after maturity, without notice to any of us: and
to Pay all facts of aollaetion. InehdinR a ressooaWe attoroet~'a tee In tM treat of any default hereunder, and hereby snrerwlly wairea all
~ benefit of bornedaad a?d exemption under the ooartitutioo and Lwe of each State of the United Seats. s. stalest this oblisTtioa or any
i exue?sbn or renewal hereof. .
Wiens the hand and seal oI each parttr.
i The principal indebtedness evidenced hereby shall be repaid trogether with interest
~ • at the per annum rate herein specified in 61 equal and ca->secutivie mthly paymPx:.s,
beginning March 20, 1980. At the expiration of said 61 months, the principal balance
then remaining due shall be due and payable in full.
f There shall be additional payments due hereunder on April 15, 1980, in the amount
of $10,000.00 including principal and intezest aecnaed and on May 31, 1980, in the
( a~rount of $10,000.00 including principal and interest accrued. The aarount of
i ironthly payments as provided for hereunder shall immediately, after the payments
{ of April 15, 1980 and May 31, 1980, as aforesaid, be refigured so as to reduce
( the arrount of moarthly payments based on 25 years at 12$ interest using the reduced
principal airount.
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U-IiOC;iC-IT, INC.
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(SE.iL)
Willard L. Bolton, President
Secretary
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