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~a ~ve xnDr to ~olD the same, together with the tenemgnts, hereditamenta and appur-
tenances, unto the said Mortgagee in fee-simple.
said Mortgagor does covenant with said Mortgagee that said Mortgagor is rode
fea-
sibly seized of said land in fee simple; that the said Mortgagor has full power and lawful right
to convey said land in fee Simple •as aforesaid• chat ii shall be lawful for said Mortga,~ee at all
times peaceably and quietly to enter upon, hoEd, occupy and er4joy sau>1 land; that aaul land is
fi+ee fnom all incumbrancea; that said Mortgagor will make such fjurther assurances to perfect
the simple title to said land in said Mortgagee tes may reasonably be nequir+ed; and that said
Mortgagor does hereby jolly warrant the titt(lee to said land and will defend the same against the
lawful claims of all person8 whomsoever.
~robiDe~ alhm~s, that if said Mortgagor shall pa~+ unto the said Mortgagee tlu~oertain
. promissory note, of which the following in words and figures is a true copy, to wit:
FAN ~ • ~~n/A~ ~ TVTSLANX .w au.n .an u • ,.wa nr•~.. r
.UI.IC lAN 1'R'D.? ?{/fll.l,K4Y r.....p vt w1a.
• , ~ 24, 000.00 Fort Pierce ~ ~r;d, ;
April 25 ,1980
FOR VALUE: RECEIVED, the undcrsigtra•d, (r.intly acrd ~•vrwlly, if more thin axtr) promises to pay to
GERALD A. BARNES •
or order, in the manner hereinafter spcei6cd,
the principal sum of Twenty Four Thousand Dollars and no/100 xxxxxxxxxxxxxxldloo DOLLARS
• 24.r QQQ ~ Q(~ with interest from date at the rate of 9 per cent. per annum on tlta ba6ncr from time to time retraining unpaid.
Thr said principal and interest shall be payahla• in lawhd money o[ the Urritad States of America at 5205 SOUth Indian
River Drive, or at such place as may Irercaftrr be designatrd by written notice from tha holder to the maker hereof, on
the dau and in the manna (olbwiag:
Maker shall make one payment to Payee of Twelve Thousand
Dollars ($12,000.00) on April 25, 1981, and shall pay the full balance
of the principal and accrued interest to Payee on April 25, 1982.
This note may be prepaid in whole or in part at any time
without penalty.
This note with interest is secured by a mortgage or? real estata, of even datr h.•rcwith, made by the maker hereof in favor of the said
payee, and shall be construed and enlorrad according to the laws of .the Sate of Florida. The terms of card mortgage arc by this reference
made a part hereof.
if dcfauk be made in the pryment of any of tlu- sums or interest mantwned herein or m said mortgage, or in the prrformancr of
sny of the agreements contaimd hrrcin or in vid mortgaga, than the enrire pnn:ipa) wm and accruad merest shall at the option of thr holder
hereof become at-once due and collectible washout notice, uma being of du esa.•rrca; arrd said pritrctpal sum and aceruad interest shall both
bear interest from such time until paid at the highest rate alloss•ahla under the laws of the State of Florida. Failure to exercise this option shall
not constitute a waiver of the right to czereice tlx• same in eha went of any subsequent default.
Each person lubk hereon whether maker or endara•r, herebywats•as prca•ntmrnt, proteu, noriee, notice of protest and notice of dishonor
and agrees to pay all costs, including a reasorabG• attornay•. lee, whrth.•r suit b.• brought or not, if, aftrr maturity of this note or default
hereunder, or under said mortgage, counsel shall be employrd to collect this note or to protect the security of said mortgage.
Whetuver used hrra•in the terms "holder", "rn.tkrr" and "payee" shall be construed in the singular or plural as the context tray
require w admit. t
Maker's Address < < ' (SEAL) .
# ~ - 'f ~ ~ rl ~ :a , /1 (SEAL)
~
~ - .
~ and •ahaU perform, comply with and abide by each dnd every the stipulation8, agreements,
conditions and covenants of said promissory note and of this deed, then this deed and the estate
hereby created shall cease and be null and void.
i
the said Mortgagor hereby eouenants and agrees:
1. To pay all and singular the principal and interest and other sums of money payable by
virtue of said promissory note and this deed, or either, promptly on the days respeetluely the
same severally come due.
~ 2. To pay all and singular. the taxes, assessments, levies, labilitie's; obG~ations and encum-
brances of every nature on said described property each and every, and if the same be not
promptl~? paid the said Mortgagee may at any time pay the same without waiveng or affecting
the opteon to foreclose or anyy right hereunder, and every payment so made shall bear enterest
. from the date thereof ~~x~arx»dc~cxxxxxxxxpwac at the highest
• rate of lawful interest.
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