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1' 30 ~iaue and to Mold the same, fagether with 1{te tenements, heredilumenl! and appurte-
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narices Thereto belonging, and the rnnts, issues and profits thereof, unto the mortgagee, in fee simple.
Ind the mortgagor conertants with the mortgagee lhnt the mortgagor is indefeasibly seized of said ~
land in fee simple: that (ho mortgagor has good right and lawful aufhorltY fo convey said land as afore-
said: that the mortgagor u~il! make such further assurances fo perfect the fee simple title fo said land in the ~
mortgagee as may reasonably be required; that the ,mortgagor hereby fully warrants the tills to said land
I~ and will defend the same against the lawful claims of all persons whomsoever: and that said land is free
i and clear of all encumbrances except taxes accruing subsequent to December 31 , 1979
and that certain mortgage in favor of Annie M. Campbell recorded in Official
Records Book 266, page 561, of the Public Records of St. Lucie County, Florida.
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~rouided always, flint if said mortgagor ahall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
u
UOMTOAGE NOTE
15,216.65 Ft. Pierce . }bnJ..
Agri 1 1 , l9 80
FOR VALUB RECEIVED, the uwiersisaed, (jointly arr.: severalty. if [acre than one) promises w pay to
J. FRANK WILLIS and GLORIA R. WILLIS, his wife . ur order, in the mawaer fiereinaftu specified.
the principal awn of FIFTEEN THDUSAND TWO HUMORED SIXTEEN and 65---------------------~1~ DOLLARS
(i 15,216.65 )with isterest [torn date :t the. sate of 13 per scat. per aawttu on the balance from tithe to time remaiaists unpaid.
The said principal asd interest shall bo payabls in lawtul asottey of the United Ststss of America at
or at arscb place as may hensftrr be drsignated by written notice from the holder to the maker hereof, un -
the date and iw the nsanwer (ollowietj: -
Face amount of this note and mortgage payable with interest
from the date hereon, at the rate of Thirteen per cent (13X)
per annum in Sixty monthly installments of 5178.09 and one
balloon payment of ;14,105.57. .
First installment shall be due one month from the date hereon.
The maker reserves the right of prepay without penalty at any time.
'Iltis torte with interest it secured by a utort~a~e on real sorts. of even date Kerr rich. made by the maker herrot iw favor of the utd
payee, cad shall be oowstrued attd enforced acoorditts to the laws of the State of Fbrids. 'I'be terms of [aid ttatt~aae arc by thu reference
made a part honor.
I[ defauk be made in the payatent a( nay of the sttrws a interest mentioned bcrcin or in said ntortRa~e, or in the performance d
any a[ the a~retmewq comtaiwed herein or in said mott~sje, then the entire principal strm cad accrued iwtercst shall at tb•: optiow of the
holder bereo[ became at once due and oolketibk witl+out notice, . tiers beiryf at the essence; and said pritteipal wm aMl accrued interrsr
ahaU both best interest from suds brae uwtil paid at the hiabest rate albwabk undo the laws oI the Starr of Florida. Failure to a:ercisc
this option shall tort ooastiwte a waiver of the rylht a ettercise the same is the evert of awy wbseyrsewt default.
Etrch pesstw liab4 hereon whether tacker or endorser, hereby wsives praewtmewt, protest, notice notice at protest ar*1 wotics of dis•
honor cad ssrea to pa~? all coats, iaehsdist* a rcasonabk attorwey's ke. whether suit be bwst~ht or tart, it, aster tnawnty of this store or default
hereunder, or tutdu sasd mortp~e, tntsasel shall be empbrcd to collect this note a to protect the seewity of said tnortRaYe.
Whenever wed haeia the fermis '7wWes", "soaker" and "payee" shall be construed its rite sio~ular or plursl ss the cowuat roar
rtauire or admit. ~ ~
bLakcr's Address -C ».:~.........(5E11L)
. (~R BETj.I~F. BELEMpNTI
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