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~p ~ttUe ttttD to ~ala the same, together with the tenements, hereditaments and appur-
tenances, unto the said Mortgagee in jee-simple.
~tlA said Mortgagor does covenant with said Mortgagee that said Mortgagor is indejea-
sibly seized of said land in jee simple; that the said Mortgagor has jull power and lawjul right
to convey said land in jee simple•as ajoresaid• that it shall be lawjul jor said Mortgagee at all
times peaceably and quietly to enter upon, hold, occupy and enjoy said land; that said land is
free rom all encumbrances; that said Mortgagor will make such ffurther assurances to perfect
the ~e simple title to said land in said Mortgagee as may reasonablyy be required; and that said
Mortgagor does hereby fully warrant the title to said land and will defend the same against the
lawjul claims of all persons whomsoever.
~raviaed ttliuttgs, that ij said Mortgagor shalt pad unto the said Mortgagee the certain
promissory note, of which the following in words and figures is a true copy, to wit:
FORM t111 . tdORt'GAGi NOTE ~ rut' fat.wlcx ~wa...w u • w•.•a
.{I'TlL U~M r1~Ifr. ~il.A• ~I,?YI~ O, N.~
! ; 19, 000.00, Fort Pierce ,Florida
March }P~ . l9 80
POR VALUE RE(:EIVED, the ur?dcrsigtsed, (jointly and severally, iF more than one) promises to pay to
CHARLES A. URSO, payee,
, a order, in the tnatuter hereiwtttec specified,
the principal sum of Nineteen Thousand and No------------- ~I00 DOLLARS
(~1,9r000~QQ ) wxh interesc (rom dace at the rate of per cent. per annum on the balance from tune eo time remaining unpaid.
Tke said principal and interest shall be payable in lawful money of the United Sates of America at
Fort Pierce, Florida, or at such phce as may hereafter be dtsignated by written notice (rom the holder to the maker hereoF, op
the date and is the tnatttter Folbwing:
' $250.20 tier mocrt-h can March 14, 1980, and on the first day of each mortth~ therz.after until
paid in full.
The tmdersigned by his sicmature unconditionally t~ersonally clua~rantees the payment of the
sums promised to be paid.
Maker may prepay in whole or in Dart at any time but if Maker prepays, Maker will have tD
nav all of the interest the Maker- would have paid if Maker had not .prepaid and had made all
of the monthly paym~ts.
N'aker shall also try the additional st$n of $24.80 per irnnth to Payee. $12.80 for insurance
and $12.00 for taxes.
Maker shall pay an additional $569.97 to Payee within 90 days from March 1,1980.
This nae with interest is secured by a mortgage on real _ estate, of even date herewith, made by the maker hereof in Favor of the said
payee, and shall be construed and enforced according to the laws o) the State of Ronda. The trans of said mortgage are by this reference
made a pare hereoF.
f IF default be made in the payment of any of the sums or interest mentioned herein or m said mortgage, or m the pcrlorrnanee of
any of the agreements contained herein or in said mortgage, then the entire prinnpal sum and accrued interesc shall ae the option of the holder
~ hereoF become at once due and collectible without naice, time being of the esvncr; and said princpal sum and aeerurd interest shall bah
bear interest (rom such umr until paid at the highest rate allowable under the laws of ehe State of Florida. Failure to exercise this option shall
~ na constitute a waiver of the right to exercise chc same to the event of any subsequent default.
Each person liable hereon whether maker or endorser, hereby wolves presentment, praest, notice, notu'r of praest and naice of dishonor
and agrees to pay all costs, including : reasonable attorney's (ec, whether swt be brought or not, iF, after maturity of this note or default
-
f hereunder, or under said mortgage, counsel shall be employed to eoUeet this nae or to praca the security of said mortgage. ,
Whenever used herein the Berms "holder", "maker" and "payee" shall be construed in the singular or plural as the context may
require or admit. l
Maker's Address EDDIE LEE MARTIN (SEAL)
(SEAL)
3404 Avenue N
Fort Pierce, Florida 33450 (S~)
and shall perform, comply with and abide by each and every the stipulations, agreements,
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.
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.~1tta the said Mortgagor hereby covenants and agrees:
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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 respeetevely the
se
~ same severalty come due.
2. To pay all and singular the taxes, assessments, levies, [abilities, obligations and encum- '
brances of every nature on said described property each and every, and ij the same be not
promptly paid the said Mortgagee may at any time pay the same without watvmg or affecting
the option to foreclose or any right hereunder, and every payment so made shall bear interest
from the date thereof at the rate of }pgR7~~}~~exe~gK highest rate of h..z~
interest per annum lawful under the laws of the State of Florida.
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