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~o ~{aue and to fold the same, fogelher with the tenements, heredifamenls and appurte-
nances thereto belonging, and the rents, issues and profits thereof, unto the mortgagee. in fee simple.
the mortgagor covenants with the mortgagee that the mortgagor is indefeasibly seized of said
land in fee simple: that the mortgagor has good right and lawful authority to convey said land as afore-
said: that the mortgagor mill make such f urther assurances to perfect the f
ee simple title to said Innd in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the title to :aid land ~ 1
and will defend the same against the lawful claims of all persons whomsoever; and that said land is free
and clear of all encrrmbrorrces subject only to taxes accruing subsequent
to December 31, 1979, and that certain mortgage from James L.
Roberts, Jr. and Mary Yvonne Roberts, His wife, to Florida Bank
at Fort Pierce, dated November 3, 1978, and recorded in O.R. ;
Book 297, page 1417 of the Public Records of St. Lucie County,
Florida.
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i _ hided always, that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter suhstantially copied or identified, to-wit:
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PROI?IISSORY NOTE
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Fort Pierce, Florida, Mard1 14 1980
$ ~n o0o tan
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For value received, I, we or either of us, promise to pay,
without defalcation, to the order of FLORIDA BANK AT FORT PIERCE
501 Orange Avenue, Fort Pierce, Florida 33450, the sum of $50,000.00
with interest from date at the rate of 16$ -per annum, in 60
monthly installments as follows: 51.215.90 on the 14th day of
19 80, and a like sum on the corresponding day of a
h moat thereafter until the whole be fully paid.
Each installment first shall be applied in payment of the
interest and then on the unpaid balance of the principal sum. If
default is made in the payment of any installment when due, and such '
default continues 30 days, then at the option of the holder, and .
without any other notice, all the remaining installments shall be
due. and payable at once. Privilege is. given to prepay this note in
whole or in part at any time without penalty. Neither forebearance,
r nor acceptance by the holder thereof after any default in payments
hereon, shall be deemed exension. A late payment charge of $60.80 ,
shall be added to each installment remaining unpaid 10 days after its due
date, and a like sum shall be added to each such installment remain-
.
ing unpaid 10 days after each succeeding payment date.
Each maker, surety and endorser hereof, jointly and severally, 3
waives demand, presentment, protest and notice of protest for non- -
payment, and further agrees to any extension of time of payment, and
further agrees to any extension of time of payment, either before
~ or after maturity, without notice to any of us; and t_o pay all costs -
of collection, including a reasonable attorneys' fee for any and all
proceedings, appellate or otherwise, in the event of any default ;
hereunder, and hereby severally waives all benefit of homestead and
exemption under the constitution and laws of each State of the
United States, as against this obligation or any extension or re- _
newal hereof.
Witness the hand and seal of each party. t
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a2 ~-S ~ . ~o b C r 6 S (SEAL)
JAMES L. ROBERT'S
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a0~3~'? ~~1563 ~ ~ qn ~ S (SEAL)
1~R1' RDB~PS
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