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~ ~0 IiAVe ~ W 1W~ the same, together with the tenements. ~heredttaments and appurte-
nances thereto belonging, and the rents, issues and projib thereof. unto the mortgages. in fee simple.
-the mortgagor rnvenants with the mortgagee that the mortgagor is indefeasibly seized of said
land in fee simple; that the mortgagor has good right and law/ul authority to convey said land au ajoro-
said: that the mortgagor urtll make such further assurances to perfect the fee simple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the title to said land
a?td urill defend the same against the law/ul claims of all persons whomsoever; and that sold land is free
and clear of ail encumbrances except taxes subsequent t0 December 31 r 1979 .
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I ~COUIt~ ~lwAys, that if said mortgagor shall pny unto said mortgagee the certain promts-
1~ sory note hereinafter substantinlly copied or identified, to-wit:
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- INSTALLMENT NOTE
Z 25, 500,-00___ _ _ Fort Pierce, Florida, . May--~-___ 1980
For value received we, jointly and severally, as prinicipal promise to pay without defalcation to the order
-CAROLYN A. BAILEY as Trustee
of - - - - -
at the office of said payee in Fort Pierce, Florida, the sum of
Twenty-five thousand, five hundred and no/100-----------------
DOLLARS,
with interest from date at the rate of-~lY~_ per annum, in monthly installments, payable as follows, to-wit:
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Two hundred seventy-five -and- no/100 DpLI~,RS, on the _ _ 8~ day of . _ J~ _ _ _ _ _ _ _ _ , 19_ 80_ _ _
~ -and ZW~o_huIx3red ~y??ttY-fiv_e_and n~~1~jLLARS, on the __-8~ day of each succeeding month there-
after until the whole sum named is fully paid.
Each installment first shall be applied in payment of the interest and then on the unpaid balance of the principal sum. If default
is made in the payment of ary installment when dire, then, at tht option of the payee all the remainirsg irotal4nents aMlt become due and
payabk at once. Privilege is given to pay two or more installments at any time.
Should it become necessary to co~kct this note through an •norney, either of us, whether maker, surety or indorser on this note
hereby ogress to pay all costs of collection, including a reasonable attorney's lee.
The makes, sureties and indorsers hereof severally waive presentment, protest and nonce a! protest for nor?~payment of this nose
and agree that the time of its maturity may be extsssded before or after maturity and do further severally agree to any renewal thereof befwe
o? after maturity, without splits of them. ~ the event any payment Y~U1red hereunder 1S It1Dre than lU days
:te,tne maker agrees to pay 5~ of said payment or the
a>•rount payable without violating any usury -Humphrey-Stephens------- ----(SEAL)
State documentary -
stamps attached to original - - -(SEAL)
note and cancelled) Marjorie C. Stephens
:~utes, whichever is lesser, in addition to said - - - - - - --(SEAL)
:,-rv.nt as a late penalty and service charge. - - - - - _ _ (SEAL)
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' a~331 PEE 64 -
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