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7o ItuLVe ~ to Ilte same, together with Ihs tenemenft. hereditaments and appurfe-
rtancesnnfh,Y~er~elo belonging, and the rents. issues and prolila thereof, unto the mortgagee, in jes gimp e.
ILI~II the mortgagor couennnts with the mortgagee lhat the mortgagor is incjefeasibly seized of said
land in fee simple: that the mortgagor has good right and lawful authority to convey said land as of
ore-
said: Ihat the mortgagor will make such further assurances to perfect the fee simple title to said [a.td in the
mortgagee as may reasonably be required: that flee mortgagor hereby fully warrants the title to said hued
and will defend the same against the lawful claims of all persons whomsoever: and that said land is free
and clear of all encumbrances
. .
I
I -
~i
~COU~ded i~lwnys, that if said mortgagor shall pny unto said mortgagee the certain promis- -
I sory note hereinafter substantially. copied or identified, to-wit:
MONTOAGr: NOTE
r 32,000.00 FT. PIEhCE , l~lorul..
- May 15 • 1 ~ 80
l•'OR VALUE RECEIVED. the undersigned, (jointly and terrrally, if more than one) promites to pay to
WALTON E. DIXON and LOUISE B. DIXON, his wife
. or order. in the manner hereinafter rpecified,
the principal suwt d Thirty Two Thousand and No/100----------------------------------~lt)0 DOLLARS
(i 32,000.00) with ioterest from date at the rated 12 per cent. per annum on the balance from time to time reatainiag unpaid.
The raid principal seed interest ,ball be payable is? lawiul woney d the United States of Americs at P . O. BOX 2047
McAllen, Texas 76501 ar at wch place u may kerrafter be d.•sir;nated by written notice irum the holder to the maker hercoi. on
the date and is the manoes tolbwinS:
Face amount of this note and mortgage payable with interest
~I thereon, from this date, at the rate of twelve per cent
~ (12x) per annum, in 120 monthly installments of X352.35 and
one final Balloon payment of S 24 558.26 First payment
shall be due one month from the date ereon.-
The right to prepay in part or whole, at any time, without
~ penalty is hereby reserved.
'I'bis note with interest a recured by a tnortaaRc oa real estate, d even date herewith. made by the maker hereof in favor d the raid
prta~, and a
~aoartrued and eatareed aeoordiaS W t6s law, d the Ststc d Fbrida. The teravr of raid mortSase an br tbir reference
D~
- It default be made in the paymes?t d say d the scam, or interest mentioned 6rrcia w in raid mortgage. or in the performance d
any d the s~ee~ u tontaiaed herein or in raid mott~e~ then the entire principal wm and accrued interrtt ,hall at the caption d thr
holder het~eo[ beeaae at Doer dus and oolkttibk witlaut notice, time beirgt d the esrence; sad said principal wm and accrued interest
shall both bear intacst from sutM time until paid at the 1?glbat me allowabk under the lawn d flee Statue d Ybrida. Yailure to aterciu
this option shall Dot ooartitute a waiver d the ri~itt to eaercire fete same is the event o[ say subsoqucnt default.
Each person IiaWe hes~eon whether makes or endorser. hereby waives prereattateat. protest, notiu mice d protest and notice d dir
honor and aSnes to pa~? aA Dora. isdudirts a rearonabk sttoeney's ee. whrtber swt be browcht or not, i!<. steer sn:turrty d this note or de.(ault
bat:undv, or under satd moctsase. counsel shall be tznpbyed to ooNat this rote or w protect the security d said mortgage.
1Nbertever cared herein the terms "bolder", "maker"' and "payee" ,hall be ~~eoo~,sytr~ued is the rio~utar or plwal ss the cor?tcat u++y
require a admit. . ~0~/~„4M1~..»
ktakes"s Addrerr L .....................(515111.)
rles H Curr
t !.ibii~ ..,~.(,~,a.i(, ...........(SEAL)
- ~ nnilynn trry
_ .......»..............................taSALj
X331 P~
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