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~o due end to iiotd tits same, together with the tenements, htKedilamenfs and appurle- ~
nances thereto belonging, and the rents. issues and profits therxoj, unto the mortgagee. fn jse simple.
nl~ fire mortgagor cot.~enanta with the mortgagee that the mortgagor is indefeasibly setzcd of said
land in fee atmple: that Elie mortgagor has good ?ighf and lawful authorifp to convey :aid land as afore-
said: that the mortgagor will make tacit further euaurances to perfect file fee simple title to said land in the
mortgagee as may reasonably 6e required: that the mortgagor hereby fully warrnnta the tills to sold land
and will defend the same against the lawful claims of nil persons whomsoever: and that said land is jtw
and dear of all encumbrances except taxes accruing subsequent to December 31, 1979
and the previously mentioned mortgage.
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t ~COUtded ~~5, that ij said mortgagor shall pay unto said mortgagee rite certain promis-
sory note hereinafter substantially copied or identified, to-wit: -
I
M4NT4A4t. N4TC a
Pt. St. Lucie,
3 20 ,100.00 . 1 +~~1
May 2, , 8Q
K?k YALU6 kECEtVkI), the unucrurned, (lvludy +nd Kvrrally, tl nor I unc) Nrwl+.?+, Iv 1.../ w
R. ELAINE GERRISH and SABRA S. GERRISH, his wife~r orUcr, a+ 1i+~ ;~+ar.+..r ncr.+++.terr ,~/r.a+rO, -
prrllClprl ,YI4 ur TWENTY THOUSAND ONE HUNDRED AND NO/100---------------------/IUU UULLAk~
.uc
_ ~ 2U, 100.00 ~ with Intcra,l Ifwn drlt al thi rrlc 41 12 • 0 per Ccld~ ~?+"r In un tl+c i..iwu. r Irsu l.u.r to Uu.c rcmanural uoNarJ.
/l+r t.rJ pruurprl at?d intcreat ,hall Ile pryaWc in I1MiY) owrlcy u( the UnltcJ .I .~+n.r+... ..l ~ • ~ • BOX 1482 , Shelby,
North Carolina 28150 I,r .e t.l.+e Illay t+,~r+-.tlrl t.r J.-.I,;r+.1+, rurtru ++..L., +1.. L..I,I,~r .lu I+., .,+a.rr h.l,.,l,
.i.lc rnJ ul, ll?c ,manner following. -
j The Sum of TWENTY THOUSAND ONE HUNDRED AND NO/100 DOLLARS,
($20,100.00) shall be payable at a rate of 12.OX per annum,
in monthly installments in the amount of $207.52, for a term
of TWO (2) Years. with a balance due of $19,924.12 plus
interest due for the 25th payment. ~ ,
The monthly payment shall commence THIRTY X30) days from
date hereof, and shall be due on Bach consecutive Thirtieth
day until the 25th payrrlent of ~19,~24.12 plus accrued interest.
THE RIGHT; TO PREPAY WITHpUT PEPIgLT~~I$.HEREBY RESERVED. -
'fhu uulr Wlth.lUtere,t-4 teGYfe'd by a t110tlpagr un real errors/ d et~eti dear t..•rcwtth, nuJe by Ihr n+alrr t?rrrul lu (rvur ui rile t+ld
,.r,rr, and ,haU be t{yµtr-tied(and {nfeuced accerdin~ W tbt; lawn atf ~jj;4i(e, tat FIVr+da. The trrnu of u1J nwrtgage are by this rekrenec
ul.de a part bereot~~. `z i=:. t: } •it;:~ !e .,ijl -
- l( tkiault het rnatie'ittttM Iwylneut'd aa,i ta[ the ,ww~eN irttttetwetuillrlyd herein ur in u1J uwllq+?;r, ur in r6c Itrrfwmaace of
.,1 the a reeulrny coAtaitlal llcrcin or. ul ,+id. Ittortg:yte, th{s 11M1s1plrtt principal wn? anJ rarurJ uderrlt ,hall at Ills uptwn d the
?...l.lrr hereof becomt at ernes due wnd cultetub6* without nobs{~ tiuia'brirgt of Ale eucnce; +nJ wuJ pnn.yr.ll:ulu ..u.l a.arucJ iaterr.t
.tall (weh Lear intctrrl Iron wch tut?r caul Arid st+ the hi>tbeu tats r?llgwabk ulnJcr the law, ul th. JI•+L ..f f IunJa. t~rllurl: w eXereirc
• Il+q uplwp ,haU rWt Cpn,IIIYLt a walYtf vi lbe right to CacrCNC the !n tits cYCAI Yf arty 1uWcyu+-Ilt J+l,lull.
. _ ~ ` ulc,t, nuur c, nuu+e .,I cutest anJ lorries u( dn•
l:.cb prrrun 4abla lurwn whelhcl p1al+Cr or endorrel, huabr carves pra,enur?eut, pt
:wrr.r rnd agree, to par all co,t,, ir?e~YJing a rrawpat/k 1?uornsys fee, whrtbcr wit he bruuKht w cwt, +i, r11r. u+.+wnty of tllu ruts ur elt(rult
l.rreululu, or under ,aid tttwyfage, r.9Ynr{l ,hall b{ empbyed tV ODIIeCt thu rote Yr W protect tl?c rr.uruy u( raid uwrlgagc.
Wherlrvcr wse~ herein tha t{nru "holdcr"r "stoker" arts! "papa» ~sitall be eorutrwcd in the y/ll;ulrr ur yluul a, the ctantcxl ul+r
rcywue a adlnu. •
1 I~Lakci, AJdre» ' l~Lx,.,.f"- /t..c.....-.....:-. ......(St:ALq
470 N.W. Floresta _ ` ~
Pt. St. ~.ucie,. Florida is 33452 -r +:1~. PAMEt,A RUNCIMAN
~ t•ai ,
gq~K JJ~ PeGE 2114