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HomeMy WebLinkAbout0882 • . • - ! ~o ~iaue and to fold the same, together with 1{te tenements, hereditaments sand appurfe- nartCPS 1{terelo belonging, and the rents, issues and profits thereof, unto the mortgagee, in fee simple. T1~ the mortgagor covenants u?ith the mortgagee that the mortgagor is indefeasibly seized of said land in f PP simple: Ihat the mortgagor has good right and lawful authority to convey said land as ajoro- ~ said: thot the mortgagor will mare such f u?Iher assurances to pert r~ct the fee simple title to said land in the f ntorlgngee as may reasonably be required: that the mortgagor hereby fully u?arrants the title to said land anti will r!e/end the same against the lawful claims of aII persons wltomsoeuer: and that said land is free ' and clear of all encumbrances except taxes accruing subsequent toDecember 31, 1919. I i i i ~i - ~rouided ~tways, that if said mortgagor .hall pay unto said mortgagee the certain promis- sory note hereinafter subsfanfinlly copied or idenftjied, to-wit: I MWrTGA4C NOTC ;10,000.00 Ft. Pierce , ; !„r,~•, April _•r' , 80 FUIt VALUE RECEIV):U. the understrned~ (?wntly and sccrrall~•, rf.nwre thar~ vac} prum~ses w pay ro ZEBEDEE CRUMPLER and DELORES CRUl~1PLER, his wife ur order in the manner hereinafter sixciiied, tl,e principal strw of TEN THOUSAND and 00---------------------------------------------/100 DOLLAk~ (S 1 O,000.OO) with intenat [corn date at the rate o[ 12 per cent. per annum on the balance from time to time remaining unpaid. The aid principal and interest shall be payabk in law[ut tttotxy of the United Sates of America at or at such place as tnay henvher Le Jeutinated by wntten novice Irum the huWer to the mater he«vi, un the date and in the manner [olbwing: _ Face amount of thi-s note and mortgage payable with interest thereon, from this date, at the rate of Twelve per cent (12~) per annum, in Sixty monthly installments of 6222.45. The First payment shall be due one month from the date hereon. 1 The maker of this note reserves the right t prepay, in part or whole, at any time,.-wf~h ut penalty. ~ ~ i 'this note with interest is secured by a mortKagr on rear a~:ate, of even .late her.-wrth, tnadc by the n?aker hereut to favor of the tassl yayee. and shall be construed and en[oreed according w the laws o[ the Jute of Fbrida. The terms u[ said mortgage are lsy this te(erence made a part hereo[. I[ default be rrrade in the payment of any o[ the sums or raterest mentioned hernn or in aid mortgage. or in the pcrforrnanre rrf any of the a regiments contained herein a in said mortgage, then the enure principal wm gad accrued interest shall at the option of the holder hereo( become at once due and coikctiblr without Hoagie. time heir?R of the essence; and said principal LYm and srcrucd interes~ shall both bear interest irom such time until pain at the biRhest rate albwabk under the laws of the State of Fkuida. Failure to exercise this option shall cwt constitute s waiver of the right to exercise the same in the event of any wbseyueat dciault. Each person liable hereon whether maker or erubrser, hereby waives presentment, protest notice notice of protest arul notice o[ di+• honor and agrees to pay all cosu~ including a n•asonabk attorney's fee, wbeth.r Buis be brouKht a not. i(~ sfter maturity o[ this note or default ~ hereunder. or under said nwrtgager cwrnsel shall be empbyed to collect this note or to prouct the security o[ said mortgage. Wberuver wed herein the terms "bolder'. "malei' and "payee" shall b~ construed is )he unsular or plural as the context u?ar ~ «yuite or admit. ~J J SBAL l~ aA~~'~ B()tNI~ PAGE S 1 V ..........................~......................................................................~st:Al., (SEAL; ......................................:............................................(SEALi n