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30 ~iaue and to ~iotd the same, together with the tenements, heredtfaments and appurte-
I~ :suits?S thFaCtfT llclvai iia ~ a s ~ r.t tl____ t ~ ! 1_
}j uiia a.a? icitaa, wastes uia p.~a
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I And the mortgagor covenants with the mortgagee that the mortgagor is inde%asibly seized of said
j land in Jee simple: that the mortgagor has good right and lnwf ul authority to convey said land as a/ore-
said; that the mortgago? will make such /urfher assurances to per/pct the /ee simple title fo said land to the
mortgagee as may reasonably be required: that the mortgagor hereby /ully warrants the title fo said land
and will de/end the same against the lawful claims o/ all persons whomsoever: and that said land i, /tee
and clear of all encumbrances except taxes accruing subsequent to
December 31, 1979.
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~ ~COUided Always, That i/ said mortgagor shall pay unto said mortgagee the certain promis-
sory .note hereina/ter substantially rnpied or identt/ied, to-wit:
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' s 5, 000 :00....._.... Port-. St ....Lucie........... Florida,.I~fa~~ ~f
1980 .r
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~ ~ ~Dr ~~lit' ~?tPFf'ibP~ the undersigned jointly and severally promises to pay to fM order . -
~ LOUIS_-C.--,MADISON.and.-ELAINE..L.___MADISOtJ,~•-his_-wife______-._-.-•______________________~_r'~
' the principal sum ofF~VE,~hOUSAi~D.-AND__NO,~100 .........Dollars (S._S.t.000.00 i~~t
".f f together with interest thereon from date at the rate ot...12$
.......................per cent. per atxxsm until maturity/ ~f
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' ! said interest being paysbl: monthly. on the 2 9th .......................day o1 each and every month both .r-
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• - r and interest being payable in lawful money of the United States at - 411-Newkirk Drive '~J~
. _-Plainfield I 11 i no i s _ . 6 0 54 4 ar
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~ ° a st such other place as the holder hereof may designate in writing. Printapal sad interest payable in install-
r ntettfs oF..SEVENTY__ONE_-AND--74,~100~ -----------Qollars, (=71.74.._.
~ ~J ~ each on the29 th .....day of each and every month, beginning.on the 29th _day o1
June ,
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i i~Q...., sad continuing unto said principal and interest have been paid. Each installment payment shs~ b. " ,e
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credited first on the interest then dw; and the remainder on principal; and interest shall thereupon cease upon ;
' the prlnctpsl f0 uedtted.
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i7otwithstanding anything herein contained to tl~e contrary, this tt;
Note and all accumulated interest due thereon shall be fully due ~;t
and payable within five (5) years from the date hereof, reserving ~;!y
unto the Maker the right to prepay all or any portion thereof at
. any time without penalty.
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~ - J. Each maker and endorser severally waives demand, protest and nctice of maturity, non-payment a protest and aN re• ~~'y
• < quiremenfs necessary to hold each of them kable as maksrs and endorsers.
~ ~ Each maker and endorser further agrees, joinly and severally, to pay all costs of coNedion, including a reasonabb actor-
• ~ net s fee in use the principal of this note a any payment on the principal _o? any interest thereon is not paid at the respediw x~--~ 3
r avturify IhereoF, or in case it becomes necessary to protect the security INreoF, whether suit be brought a not. ~
' r ~ This note and deterred interest payments shah bear interest at the rate of 12 $ per unl. per annum from matwity x+.'1 3
until paid.
s ~ This note is secured by a first mortgage of even date herewith and is to be construed and enforced according to the laws ti".y
t-, of the State of Florida; upon deFauk in the payment of principal andlor interest when due, the whole wm of principal and ~L."
r interest remairwng unpaid shall, at the option of IM holder, become immediately dw and payable r
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. ~ ...............................................---...._..------•-lam Ca15Y'1"ttiI"1'L~'"7:~-'I;~ll.y............._...... (Seal) ~?~.e
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