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~0 ~AVe ~ ~ the same, together with the tsttements, hereditamenls and appurte-
stances Thereto belpngittg, and the rents, issues and profits !hereof, unto the mortgagee, to fee simple.
I the mortgagor covertnnfs with fhs mortgagee that the mortgagor is indvjeasibly seized of said
~ land in /ee simple: that the mortgagor has good right and lawful authority to convey said land as afon-
i! said; Thal the mortgagor aril! maTee such /urther assurances to perfect fhs fee atmple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the title to said land
artd aril! de/end the same against the lawf
u! claims of all persons whomsoever: and that said land is free
and clear of all encumbrances except those of record.
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~ ~~uldetl ~IUAyS, that if said mortgagor shall pay unto said mortgagee the certain promi:-
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sory note hereinafter substantially rnpied or identified, to-wit: i
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s .1.~~.4.4.Q:QO Fort P,.i.~.r~p._.,r._~... ~lotie.........
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fOR VAUlE RECEIVED tM rtssdersigeted promises ro per to 1M order of
- DEh~IN.IE--.Y~l...DER...MEER................-. .
~~Q4~~~A~1 ~.QL~.4.4 - - - - - - - - - ~at~r:ls 13,.000..00
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th. prtrtcipal of...r~hrl.~t.~.r4c~. _
tent, P«-....•annull~ .....until mstur4r, said ~meresl
together wtth irtleresl Hereon Iron daN, al Ilre rate d 1.1 --.»••wr
being parable...1.7.9-....08........... at the 16th.. .dar o1 _ ..June ..and.-.. month~y._.- -
- - ~ P O Box 47.39 r -
~ each Year: bah principal and interest being Parade in lawful money d the United States or tts egtrtva?eett, at =
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~ Hilton ..Head. is.lit?d~.....S...C'...-2992H..-......-mid principal sum to bs parable a+ 1M dates and in the amounts spcuf~ed bebw. to-wd:
E Principal and interest payments of $179.08 being payable
monthly, on the 16th day of June, 1980, and on the 16th
day of every month thereafter for a period of three (3)
years, at which time the principal sum shall be payable
in one lump sum.
` Privilege is given to prepay this note without penalty.
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lath maker and endorser severally waives dentartd, protest and nonce of trtattrrilY, non-parn~ « prWesl and sr regwreoterds necessary to hold each d
e them Gable as ma?ers and endorsers. -
Each maker end endorser further agrees. jointly and sevasNy, to pay all costs of t:ollectan, sncMrding a reasonable attorney's fee in case the prutupsl of
th.s nae a art, partrsens on IM pnncipal a any rrtserest therron is not paid al the rsspectiw ew«oy thereof. or in case it becomes necessary to prates she
` xcw~ty hared, whether sail be brought a not -
TMs nae and deferred interest,Q~yrttents shall bear interest at the rate d-.....~1s,Q ......per cent, per antstMe from rwttxtty setts! pad.
this nae is secwed bra 2n~+--•• ---•-••'"Ortgage ev°n dale herewith and is to be construed and enforced according 1o the laws of the State of Flw.da.
I upon defauh in the payeisrtt d principal andla interest due on any note secwed by said Mortgage, all notes so secured and tswwimng unpaid shall forth.+~tA
` become due sad psyttble nawititstatsdirtg tMi? terra.
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~~e ~a{''L~~Padgett
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