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~t ~ W the same, together with the tenements. heredttaments rend appurfe-
nnnces thereto belonging, and the rents. issues and profits thereof, unto the mortgagee, in fee simple.
~d the mortgagor eovennnts with the mortgagee that the mortgagor is indefeasibly seized of said
Innd in fee simple; that the mortgagor ha: good right and lawful authority fo convey said land as a(ore-
snid: thnt the mortgagor will mnlre such further asswances to perfect the fee simple title fo said trend in the
mortgagee as mny rensonnbly be required; that the mortgagor hereby fully u~arrnnts the title to said land
and will defend the snore against the lnw(ul claims of all persons whomsoever; and that snid Innd is free
and clear of all encumbrances except taxes accruing subsequent to December 31,
1979.
Upon payment in full of the indebtedness secured by this mortgage,
Mortgagor and Nartgagee agree that that certain Agreement concerning
the conveyance or an easement by Mortgagor to Mortgagee (as more
particularly set forth in said A3reerlent which has been recorded in
O. R. Book 312 at page 2880 of the Public Records of St. Lucie
County, Florida) shall become null and void.
~~~~~dpd ~~s that i( said mortgagor shall pay unto said mortgagee the osrtaln promis-
sory note hereinafter substantially copied or identified, to-wit:
t 240,000.00
Fort Pierce, Floridit ~+Fi'il , 15~0~
AS SPECIFIED BBLOW ~ f
after date, I , we or either of us promise to pay to the order of i
JOBN F. SUII<PHREY, JR.' ~
---7.'f~10 HUNDRED FORTY THOUSAtJD and no/100------------------
s
for valve received, payables at post Offfee BOX 5545
Rnt~cyille, Tennessee 37918 with Interest
from ate at the rate of 7-1 2 pet cent r annum until paid; interest payable coaearrently 4
vfth principal payments a~ specified~belaw.
H ddwk 'r iwatte h any MI~M when dw and oenYrwes for 30 days, then at the option of the lalder, aed wilha~t ~ otMr notion
aN thr rrn+ai~ twlanoa ahaQ tte dw and payabfi N once.
r Md oath of va whetMr maker, ~uaruuor or endorser, hereby severally waives and renounces any and aN hon~esgad exMplion riohb
i vre may bane ands, th. Corwitution « taMrs of the Slue of Fbrida, or any she. State or unites States, as against this now artd each furtl+ar
~ waives dawwid, notice d rgrtpayrtwrt and pwsst, ,red ' ~t becao~±!~~e;~, ~p
aM scats of eollydiort, inehrdet0 nasawble a»o.nry's iN.~trlal 8A~ app@lt@~ .n anoensy. press b pry
lhl. nom. ~rl? b. ww~d ~ whd• a? in.p~ any rims p.n+w•after January 2, 1981.
•
~ ~n ,<.ns In defeutt tf,en boor fnletest a1 a~ maximum rate per annum they allowed
by the laws of the State_of Florida.
The indebtedness evidenced by this note lahall be payable-ia }
thirteen (13) consecutive semi-annual installments of principal in
the amount of $17,142.86__each, comaencinq six (6~ sonths from the
date hereof, and one installment of $17,142.82 due seven (7) pears
from the date hereof. Interest-shall be payable concurrently with
principal payments. .
Doctsnetrtaty stage is the atttount of
$360.00 affi~oed bo aac3rginal moolGgage. .
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