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~o eve and .to Mold the same, together wish th. tenemsntiA hersditamenis and appurle-
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nances thereto belonging, ana the rents, issues and projifs thereof, unto Ihs mortgagee, in j.. simple.
the mortgagor covenants with the mortgagee that the mortgagor is indejewibly seized of said
land in jee simple: thnt the mortgagor has good right and lawful authority to convey said land a ajon-
said: that the mortgagor will make such juriher assurances •to perjeN the jee simpls tills to said land in the
f mortgagee as may reasonably 1» required: that the mortgagor hereby /ally warrants the title to said land i
f and will defend the same agninst ihs lawful claims o/ ali persona whomsoever; and that said land to jrw
and clear of nll encumbrnncea +
SUBJECT to mortgage given to Elizabeth M. Johnstone and Dorothy See
Mayer, dated February 27, 1978 and recorded in O.R. Book 282,
beginning on Page 1721, of the Public Records of St. Lucie County,
Florida. SUBJECT to real property taxes subsequent to December 31,
1979.
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' ~IUAyS, that ij said mortgagor shall pay unto said mortgagee the create pno~nis-
Cory rwte hereinafter substantially copied or identified, to-wit:
i
FORM tot PROMISSORY NOTE
= 250,000.00 Stuart, Florida April 19 80
FOR VALUE RECEIVED, the undersigned jointly and severally promise (s) to pay to the order of
WILLIAM W. ADAMS, as Trustee
at 2172 A. Maya Palm Drive, Boca Raton, Florida 33432
or at such place as the holder(s) of this note may designate in writing the principal sum of
---TWO HUNDRED FIFTY THOUSAND and no/100-----------------------
DOLLARS
together with interest thereon from April , 1980 at the rate of 15 °6 per annum on the
unpaid balance until paid. PAYABLE AS FOLLOWS : The entire unpaid principal
balance and any and all accrued interest thereon shall be due and payable
on or before January 2, 1981. Each such payment shall be applied first to
the payment of interest on the unpaid balance then to the payment of
principal.
If default be made in the payment of any installment under this note, and if such default is not made
good within 15 days after due date the entire principal sum and accrued
interest shall at once become due and payable without notice at the option of the holder(s) of this note. Failure
to exercise this option shall not constitute a waiver of the right to exercise the same at a later time for the same
default or for any subsequent default. In the event of defaults in the payment of this note, and if the same is
placed in the hands of an attorney at law for collection, the undersigned hereby a e(s) to pay all costs of collec-
tion including a reasonable attorney's fee. Presentment, protest and notice are h waived.
PM (SEAL)
-CORPORATION
- (SEAL) _
~ sident~
ATTEST : (SEAL)
(Corporate Seal)
(SEAL)
MIDSTATE LEGAL SUPPLY CO. -ORLANDO, FLORIDA
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