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~o ~iaUe and to Mold IhP same, together with fhe tenements,' heredilumenh and appurte• ~
rearrest thereto helo,tgirtg, artd the rents, Issues and projifs fhereoj, unto Ihs mortgagee, to joe almple.
the mortgagor covenants with fhe mortgagee that the mortgagor is tndejeast6ly seized of said
land in Jee simple; that the mortgagor hat good right and lawful authority to convey said land a ajore-
~ said; That the mortgagor will made such further assttrancet to perlect the lee simple titb /o raid lend to the
' ~ mo.fgngee as ntay reasonably be required; that the mortgagor hereby fully warrants the reels to raid land
I( erect will de%nd the Same Against the lawful claims o/ all persons whomsoever: and that raid land is fret
II~ and clear of alI encumbrances, except taxes accruing subsequent to December 31, 1980.
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~rou~ded TLgWaysy that ij said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identijted, to-wit:
MORTGAGE NOTE RAMCO FORM 53
Mississauga, Ont. Canada
= 12,000.00 ~
April 11 , 1g 80
FOR VALUE RECEtVED, the undersigned, (jointly and severally, if more than one) promises to pay to
LLOYD TAYLOR b CLOTILDE F. TAYLOR, his wife
or order, in the manner hereinafter specified,
the principal sum of TWELVE THOUSAND AND NO/100------------------------------ ---/100 DOLLARS -
12, 000.00 )with interest from date at -the rate of TEN per teat. per annum on the balance from time to time rctnainirt6 unpaid.
The said principal and interut shall be payable in law[ul money of the United~'States of America at 406 S. 5th Street,
Ft. Pierce, Fl 33450 or at such place u may hereafter be designated by written notice from the holder to the maker hereof, on
the date and in the manner following: _
- Payable in Eighty Pour (84) consecutive monthly payments
of $149.22. First payment due May 11, 1980 and monthly
thereafter until said principal and interest due thereon
are fully paid.
t
The makers reserve the rightof prepayment at any time
without penalty. -
This note with interest u secured by a mortgage on real estate, of even date herewith, made by the maker hereof is favor of the raid
payee, and shall be construed and enforced according to the laws of the State of Fbrida.
If default be trade in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the pcr[ormana of
any of the agreements contained herein or in said mortgage, then the entire princpal :um and acwed intemt shall at the option of the
holder heteo[ become at once due and wlfectibk without aorta, time beingg of the essence; and aid principal sum and accrued interest
shall both bear interest from such time until paid at the highest rate albwabk under the laws o[ the State of Florida. Failure to exercise
this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default.
Each person liable hereon whether make or endorser, hereby waives presentmfnt, protest, notice, notice of protest and notice of dis-
honor and agrees to pay all costs, including a reasonable attorney's fee, whether sstit be brought or not, if, after maturity of thi; note or default
hereuadu, or undo seed mortgage, counsel shall be empbyed to collect this note or to protect the security of said rr,ortgage.
Whenever used herein the terms ''holder', "maker" and "payee" shag be construed in the singular or plural as the Context may
require or admit.
• Makers Addreu /s/ TONY SORRENTINO - . --.-•..--....{SEAL)
Tony Sorrentino
/ s/....S.ILY,A~IA..SORBET'1TxNl1 (SEAL )
165 Glenview Drive Silvana Sorrentino
..Mi.SriBSattgar-.OAt.~...CBAadA .............gR~- c~••--•-••--- -......_...---....................-•---.................--(SEAL)
BttOl(c~c7lJ PAGE~~9. .
- • --........(SEAL)