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10 ~e ~ ~ T1V~ the same, together with the tenements, heredifaments and apptute-
nances thereto belonging, and the rents, issues and pro/its thereo/, unto the mortgagee. in /ee simple.
the mortgagor covenants with the mortgagee that the mortgagor u indefeasibly seized o/ said
land in fee simple; that the mortgagor has good right and law/ul auihortty to convey :aid land as a/ore-
said: thnt the mortgagor will ma4e such further assurances to perfect the fee simple title to satd land in fire
mortgagee as may reasonably be required: that the mortgagor hsireby /ally warrnnts the title to said land
! and will delend the same against the lawful claims o/ all persons whomsoever; and tlsnt sad land is /ref
and clear o/ all encumb?ancess except taxes aCCruiag subsequent to December 31, 1979
~V~ ~U~S, that i/ :aid mortgagor shall pay unto said mortgagee the certain prom4-
I spry note hereinafter substanttnlly copied or identi/fed, to-wit:
ssowTawss t~ro~
661, 844.91 Stuart , Fbrida
May 6 , I9 80
FOR VALUE RECEIVBD, the undersigtred, (jointly and scvrnlly, i( more than one) promises to pay to
RUTH A. RICE _ _
or ostler, in the manner bereiaattcr speciEicd,
the principal sum dS~-0NE THOUSAND EIGHT HUNDRED FORTY-FOUR and 91/ /100 DOLLARS ~
61, 844.91) with interest from date at the me d 14x per cent. per annum on the balance from time to time rcmaiaiag unpaid.
The acid. prinapal sad interest shin be.payabk in lawiW money d the United states d America at 900 COlOradoAvenue
Stuart, _ Fl 33494 or ai such place as may herea[ter be d~Yjanated by written notice from the holder to the maker hereof, on
the date and in the manner folbwing: -
Principal in the amount of Ten thousand and No/100 ($10,000.00) Dollars plus accrued
interest in the amount of Four Thousand Three Hundred Tt~enty-Nine and 14/100 ($4,329.14)
Dollars due and. payable oa the 6th day of November, A. D. 1980; then accrued interest
I~; only payable in the following schedule:
Three Thousand Six Hundred twenty-nine and 14/100($3,629.14) Dollars on the 6th day of
~ May, A. D. 1981
f Three Thousand Six Hundred twenty nine and 14/100 ($3,629.14) Dollars on the 6th day of
November, A. D. 1981
~ Three Thousand Sin Hundred twenty-nine and 14/100 ($3,629.14) Dollars on the 6th day of
May, A. D. 1982 .
Three Thousand Sin Hundred twenty-nine and 15/100 ($3,629.16) Dollars on tfie 6th day of
November, A. D. 1982; With a Principal Reduction of twenty Thousand and No/100 ($20,000.00)
Dollars; then
Principal and Accrued Interest due and payable in the amount of Two Thousand and ho/100
($2,000.00) Dollars plus accrued interest semi-atmually thereafter at the rate of
2X belw prime interest rate until paid in full.
This note with interest is secwed bar a mortgage on real state, d even date herewith. made by the maker hereof in fa~~or d the said
payee, a>~
hl~~cowtrued and tnlorted according to the laws d the State d Florida. The toms oE.uid mortaaae are by this tcference
made a
s
I( default be shade in the payment d aay.of the sums a interest mentioned herein or in said mortgage, or in the perforrsaace d
any d the ag~cments contained herein or in said mortgage, then the emirs principal sum sad accrued interest ahatl at the option d the
holder hereof become at once due sad oollectibk without notice, time beinn,g~ d the essence; astd said principal sum and accrued interest
shall both bear interest from such bate until paid :t the highest me albwabk under the laws d the State d Florida. Failure to acercise
this option shall not constitute a waivu d the tight to atetcise the same io the event d any subsequent default.
Each person liable hereon whether maku or endorser, hereby waives presentment, protest, notice, notice d protest sad noticed dis-
E horror and agrees to pay all costs, iruhding a reasonable attorney's fec, whether sett be brought at not, if, after maturely of this note or default
~ hcreuadu, or undo said mortgage, counsel shall~be empbyed to collect this age or to protect the d said mortgage.
Whertetru u:rd herein the terns "holder'', °maker" and "payee" ns~ia i u or plural as the contact map
require or admit.
Maker's Address •...~..3 ._.~.(SEAL)
6285 Stinson Kay-
Riverdale, Georg~.a 30296 (sEAL)
- ren B. Ge ley ,
~ (SEAL)
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