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~o #iaue and to Mold the saute, tagetlter with the tenements. hereditumenfs and appu?te-
nances flternto l,t•longin~t, and the rents, issues and profits thPIPOf, unto 1lte mortgagee, in fee simple.
I~ ~n~ the mortgagor cove?tants 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 u~iQ make such further assurances to perfect the fee simple !Ills to said land in the
mortgagee as may reasonably be required: tha! the mortgagor hereby /ully u~arranta the title to said land
anti teil! deJ~?td the same against the lawful claims o) all persons whomsoever; and that said land is free
and char of all encumbrances , except taxes accruing subsequent to December 31, 1979.
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~eoo~ded ~~Wa(~Sr that if said mortgagor shall pay unto said mortgagee the certain promis-
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sory note he?einaf ter substantially copied or identified, to-wit:
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MORTGAGE NOTE - RAMCO FORM 83
i 20,000.00 Port St, Lucie, Fbrida
April 14 , l9 80
FOR VALUE RECEIVED, the ut?dersigned, (jointly and seseraUy, i( more than one) promises to pay to
THOMAS J. SULLIVAN b EDNA SULLiVAN, his wife
. or ordu, in the manner hereinafter specified, p
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the pritscipal sttm of TWENTY THOUSAND AND NO/100------------~--_._-___....~_______ __MJ100 DOLLARS
(j )with interest from date at the rate of Thirteeper cent. pu annum on the balance (roan time to time remaiair?g unpaid.
20=000.00
The sod principal artd interest shall be piyabk in law[ul money of the United States of Amuica at 120-87 Basin St . W. ~
West Palm Beach, Fla. 33411! such place as may hercaftn be designated by written notice from the holder to the maker hereof, on
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{ the date and in the manner following: t
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' Payable in Sixty (60} monthly installments of $455.07
including principal and interest. First payment is due
May 18, 1980 and monthly thereafter until said principal
and interest due thereon are fully paid.
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The makers reserve the right of prepayment at any time
without penalty.
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This note with interest is secured by a mortgage on real esute, of even date herewith, made by the maker hereof in favor of the uid
payee, and shall be construed and enforced accgrd~ng to the laws of the State of Fbrida.
I( default be made in the payment o[ any of the sums or interest mentioned herein or in uid mortgage, or in the performance of
any of the agreemenu contained herein or in said mortgage, then the ensue prinupal sum and acerucd interest shall at the option of the ~
holder hereof become at once due and collectible without ttotice, time being of the essence; and uid principal sum and accrued interest ti
shall both bear interest from such time until paid at the highest me albwable under the laws of the State o[ Florida. Failure to exercise
this option shall not constitute a waiver of the right to exeruse the same in the event of any :ubsequcnt default. r
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice notice of protest and notice of dis-
honor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought or not,.ir, after maturity of this note or default i
hereunder, or under satd mortgage, counsel shall be employed to collect this note or to protect the security of said mortgage.
Whenever used herein the terms "holder, "maker' and "payee" shall be construed in the singular or plural as the context may
require or admit. ~ ~ ~ ~
Maker's Address I ~ SEAL {
John F. Lynch
• ..............................................................................................(SEAL)
256 N.E. Solids Dr. Sarah R. Lynch
EALJ
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