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I~ 30 ~iaue and to ~iotd the same, lagether with the lenemenfs. hereditanenfs and appurfe-
nances 11?ernfo belon{tint, and the rents, issues and profits thereof, unto the mortgagee, in fee simple.
I end the mortgagor covenants with the mort a ee that the mor
g g tgagor ?s indefeasibly seized of said
}f 1???,d in fee simple; that the mortgagor has good right and lawful authority to convey said land as ajore-
~f said: that the mortgagor ruill make such further assurances fo perfect the fee simple title to said Land in the
mortgagee as may reasonably 6e required: that the mortgagor hereby fully warrants the Lille fo said land ~
I! and ?oill defend the same against the lawful claims of all persons whomsoever, nail that said land is free
j and clear of all enct?mbrances
1 That the mortgagor reserves the right to pay the mortgage and note in full
~ without any penalty by payment of one or more installments on any installment
date, preferrably providing that at1Y sum prepaid will be paid in a manner
which leaves a balance of the mortgage consistent with one of the next
nearest balances after the .payment is•made;
Because of the interest rate and other considerations, this instrument is not
j assignable without written consent of the mortgagee and additionally, in the '
event the conditions herein are in default for more than five days, the
mortgagee shall have the right to attach interest on unpaid sums up to the
maximum legal rate chargeable in Florida and additionally, under such conditions,
all sums thereafter may, at the option of the mortgagee, be graduated to an
interest rate consistent with that normally being charged at the time by First
Federal Savings and Loan Association of Ft. Pierce under a similar condition.
~i ~rou~ded~ ~tways, that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-unit:
1
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i_ ~ • ~ Fort Pierre, Florida ~ 9 19 ~
For value received, I, we or either of us, promise to pay without defalatbn, to the order of
ANNIE 6. iiILSON
,t 2503T~B/oston {Aveuunue .^f#. Pierce,. Florida 33450
the wm Of ly~ L7lWe ~,1 ~~~1~~~..~~~~..Z.l~wwlw~..~..~~w~w~Mw w..w~~~~w~=..~~..~~W~~
with interest from date at the rate of 9 % per annum, in the manner following: -
installments shall be X100.00 on June 10. 1980 ~ , and a Hke wm on the correspond-
ingday of each like suooeeding mOni~1 - thereafter until the while sum shall 6e fully paid with interest at
9 % on the unpaid sums from time to time owing.
f (Granting option to the promisor the right of prepayment without penalty, and option to promise ro add) 5 %
interest charges on all wms in default. or aS optioned.
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 any installment when due, then at the option of the hoder, and with-
out any other notice, ail the rematrnng installments shall be due and payable at once. Privilege is given to pay two
~ or more instaNments at any installment maturity date, but this shall not extend the time of maturity of any sub-
s Sequent installment. hleitFter forebearanoe, nor acceptance by the holder hereof after any default in any payment
( hereon shah be deemed extension.
Each maker, wrety and endorser hereof, jointly and severally, waives demand, presentment, protest and notice of
protest for non-payment and further agrees to any extension of time of payment; either before or after maturity,
without notice to any of us; and to pay all costs of collection, induding a reasonable attorney's fee in the event
of any defauk hereunder, and hereby severally waives all benefit of homestead and exemption under the constitu-
lion and laws of each State of the United States, as against this obiigation.or any extensiron of renewal hereof.
i Witness the hand and seal of each party.
Stamps affixed to recorded copy.
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