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~AVe ~ f0 ~ll~ the same, together with the tenements, hereditaments and appwte- ~
?tances thereto belonging, and the ?wnfs. issues and profits thereof, unto the mortgages, in fee simple. y
the mortgagor covenants with the mortgagee that the mortgagor is indejeasi6ly seized of said
land in fee simple; shat the mortgagor has good right and lawful authority to convey :aid land as afore-
said; that the mortgagor will make ouch further assurances to perfect the fee simple title to said Land in the ~
mortgagee as may reasonably 6e required: that the mortgagor hereby jolly warrants the title to :aid land
and will defend the same against the lawful claims o/ all persons whomsoever: and that said land is free
and clear of al! encumbrances except taxes subsequent to December 31, 1979.
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~COUtdwed ~lU~UfS, that if said mortgagor shall pay unto said mortgagee the certain promi:-
sory note hereinafter substantially copied or identified, to-wit:
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1 N STALLM ENT N ATE
s__23, 400.00_______ Fort Pierce, Florida, Marcb__!~S________, 19 80
For value received we, jointly and severally, as prinicipal promise to pay without defalcation to the order
of CODY_L._BAILEY_ and _CAROLYN_A._BAILEY,__his_wife
at the office of said payee in Fort Pierce, Florida, the sum of
~aenty-three thousand, four hundred and no/100----------------
DOLLARS,
with interest from date at the rate of_Zt!a?lVe per annum, in monthly installments, payable as follows, to-wit:
ztao hundred thirtx_five and_no/100 ppltARS, on the-------- day of _ _ APril--------. 19_80
and ~t~Q_)_llu?~~ _~?•~Y'f iv_e__I10~100 ` ppLLARS, on the _ _ _ _ _ _ _ day of each succeeding month there-
~ after until the whole sum named is fully paid.
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~ Esch installment first shall be applied in payment of the interest ind then on the unpaid balance of the principal sum. If defauN
is made in the payment of any installment when due, then, at the option of the payee all the remaining installments shall become due and
payable at once. Privilege is given to pay two or more installments at any time.
Should it become necessary to collect this note through an -attorney, either of us, whether maker, surety or indorser on this rote
hereby ogrees to pay all costs of collection, including a reasonable attorney i fee.
F The makers, sureties and indorsers hereof severalty waive presentment, protest and notice of protest tw non-payment of this note
i and agree that the time of its maturity may be extended before or after maturity and do further severally spree to any renewal thereof before
~ o. after mawrity, without rotice of them. In the event any payment required hereunder is snore than 10 days
~ --__:~e,Lhe maker agrees to pay 5$ of said payment or the
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--__ximum atrount payable without violating any usury -----(SEAL)
__State documentary statutes whichever is Thomas G. Nicely rr~~ 1l,,
stamps attached to original lesser, in addition to said paymenf-as-a lame peiial~y and-seYvide charge.
note and cancelled)
Maker hereof further agrees to reduce the~rinci~al_balance__- ___(SEAL)
~ ..~reof by at least $1,000 in addition to the monthly payments required hereunder during the first
1 = ~~.•e years, by an additional $2,500 during the second fivQ--yea~ss,-aAd--by-aa-additional-(SEAL)
_',000 each five years thereafter. ~ (Jps/
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