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~o ~iaue and to ~lotd the same. IayPlher with the tenements, hf?Pllitaments and appurte -
nnnces Ii?ereio belonging, and the rents, issues and p?ofils Thereof, unto the mortgagee. in fee simple. '
the mortgagor coi~enants with the mortgagee shat the mortgagor is indefeasibly seized of said ,
land in fee simple; that the mortgagor has good right and lawful authority to convey said fund as afore- ,
said: that the mortgagor will make such further assurances to perfect the fee simple title to said land in the
mortgagee as may reasonnbly be required; that the mortgagor hereby fully warrants the title to said land
and will clPfer?d tIIP same against the lawful claims of all persons whomsoever: and that said land is free
and c•lPar of all encumbrances except taxes subsequent to December 31, 1979, and that
certain mortgage to First Federal Savings ~ Loan Association of Fort Pierce,
Fort Pierce, Florida, recorded in Official Record Book 316, page 2356,
St. Lucie County, Florida, Public Records, which mortgagor herein-assumes and
agrees - to .pay .
1
-
j
~~Utd~d }llwayS, that if said mortgagor shall pay unto sa?d mortgagee the certain promis- ,
sory note hereinafter substantially copied or identified, to-wit:
. PROMISSORY NOTE
- $ 4,200.00 ~ - - Stuart Florida - -
. -
_ April 18, 1980
- f
• FOR VALUE RECEIVED, the undersigned,-jointly -and severally,
PROMISE TO PAY to the order of GEM BUILDERS INC.
_ the hum of FOUR THOUSAND TWO HUNDRED AND NO 100------- DO L a
98G Preston Lane, ort t. Lucie,FL, , Or suC 'Ot er place-as
~ -t a o-der hereo may esigi~ate -in writing, together with interest
~ from date at the rate of 10.25X $ per annum on the _
y T e said principal and interest
unpaid balance until maturit
f shall be due and payable as follows. _ _ _ -
- i
• In equal monthly payments of $58.46 including principal and -interest, • - : -
commencing on the i8th day of May, 1980, and continuing monthly thereafter _
until the 18th day of April, 1984, at which time the entire balance- _ -
remaining unpaid, together with accrued interest, shall be-due and payable-
in full. - - - - - -
PREPAYMENTS IN FULL OR IN PART MAY BS--MADE AT ANY TIME WITHOUT PENALTY.
TSiS NOTE IS SECURED BY A 2IORTGAGE ON REAL PROPERTY III •
ST. LUCIE COUNTY, FLORIDA.
- 6.30 have been
Documentary Stamps in the sum of $
- affixed to the mortgage and cancelled. -
IF DEFAULT be made for 15 days in the payment of any
insta?lnent of principal or interest or any part thereof, the -
-
whole sum then remaining unpaid with interest shall at holder's -
option become due and payable without notice. Failure to exercise
such ootion shall not constitute a waiver. of right to exercise the
same .n the event of subsequent .default. After maturity both -
princ~nal and accrued interest shall bear interest at 10..25X $
per annum until paid. The makers and endorsers of this note
f urtrer waive demand, notice of non-payment and protest. If this
notz ?s not paid at maturity and the same is placed with an
attorney for collection, the makers and endorsers hereof agree to
pay ay? costs of collection, including all-court costs and
reaso;~able attorney fees, including attorneys' fees on appeal.
fl(I c~c~ ~ ~
BOOKe`.Jl.?t7 PAGE~,J~ ~ $ BE T F. 1(cROBERTS, JR.