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~o ~laue and to fold the same, (ogelher with the terrvment:, hereditaments and appurte-
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na?rces thereto belo?rgirrg, anti the rents, issues and profile thereof, unto fhs mortgagee, to (!e simple.
the mortgagor coverrnnt: with the mortgagee that the mortgagor L tndefea,i6ly :sized of said
i land in fee simple; that the mortgagor ha good right and lawful authority fo conusy said land a afore-
said: that the mortgagor will make such further assurances to perfect the fee simple title to said land in the
mortgagee as may rensona6ly be required; that the mortgagor hereby fully warrants the !ilia to said land
~ anti will defend the same against the lawful claims of all persons whomsoever: and chat said land is free
and clear of all encumbrances
EXCEPT real property taxes subsequent to December 31, 1979.
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r ~ ~ltways, that iJ said mortgagor shall pay unto said mortgagee the certain p1+Omts-
sory note hereinafter substantially copied or identified, to-wit:
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FOAM ~o~ - PROMISSORY NOTE
s 51,000.00 Stuart, Florida May 27, l9 80
FOR VALUE RECEIVED, the undersigned jointly and severally promise (s) to pay to the order of
RAYMOND J. LINNERT and DOROTHY LINNERT, his wife
at 1222-8 South Lakes End Drive, (High Point Condominium)
Ft. Pierce, Florida 33450
or at such place as the holder(s1 of this note may designate in writing the principal sum of --FIFTY-ONE
THOUSAND and no/100------------------------------------------------------- r
DOLLARS
together with interest thereon from June 1 , 1980 at the rate of 11 7 per annum on the
unpaid balance until paid. PAYABLE AS FOLLOWS: In equal monthly installments of $500.00, wi:
. includes interest, with the first installment due on the 1st day of July, 1980, a:,d conti~
on the same day of each .month thereafter until the 1st day of October, 1983, on which sa
date the entire unpaid principal balance and any and all accrued interest becomes due an:
payable. Each such monthly payment shall be applied first to the payment of interest on t
the unpaid balance then to the payment of principal. The privilege of making payments i:i
sdvance of the due dates without penalty is retained by the maker. THIS NOTE CAN NOT BE
~ ASSIGNED TO OR ASSUMED BY AIVY THIRD PARTY WITHOUT THE WRITTEN CONSENT OF THE HOLDERS OF
~ THIS NOTE.
i If drf~ult be ma.lc in the paymrrt of :lny installment under this nuts, and if .ugh drfaulr i. n.n ma~ir
good within 30 days after due date the entire- principal sum an~i .r~rnr.d
interest shall at once become due and payahle without notice at the option of the holderls) of this note. l~:,iturr
to exercise this option shall not crmstitute a waicrr nl the right to exerciu the wme at a later time t:?r thr .:rrn.•
default or for any subseyucnt default. In thr r~~cnt of defaults in the payment of this note, and if t!lr s:+ra~ is
placed in the hands of an attorney at law for r~~llc~tion, the undersigned hereby agree(s) to pay all .oa> of
lion including a reasonable attorney's fee. Pn•~rnhnent, protest and notice are hereby waived-
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G1 ~ y NAN Y NTA
C ISEALI
MARY V SUTTON
__ISEALI
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