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tp ~0~ tl+e sane. together with the tenements, hereditaments and appurle-
~p ~Ve iUld
nances Thereto belonning, and the rents, issues and prof ifs thereof . unto the mo?fgages, in fee situp e.
the mortgagor coi~enanls with the mortgagee that the mortgagor is indefeasibly seized of said
land in f
PP simple: that the mortgagor has good right and lawful authority to co++~ey said land as of
oro-
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said: that the mortgagor will make such further assurances to perfect the fee simple tide to said land in t e
reasonably be required: that the mortgagor hereby fully warrants the title to said land
mortgagee as may rsons whomsoever: and that said land is free
i anti will defend the same against the lawful claims of oll pe
and c!<~ar o f all encumbrances
f EXCEPT real property taxes subsequent to December 31, 1979.
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'`i that i said mortgagor shall pay unto•snld mortgagee the certain promis-
~rouided ~llwaysr (
sory note hereinaf tee substantially copied or identified. to-wit:
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FoRrrt~tot PROMISSORY NOTE
S 50,000.00 Stuart, Florida April 14, !q 80
FOR VALUE RECEIVED, the undersigned jointly and severally promise (s) to pay to the order of
LOUISE H. WHEELER
at Stuart National Bank Account No. 0464198 06, Stuart, Florida
or at such place as the holder(s) of this note may designate in writing tl~e principal sum of
-----FIFTY THOUSAND AND NO/100---------------------------------------
DOLLARS
together with interest thereon from May 29, 1980 at therate of 13 7~ per annum on the ~
unpaid balance until paid. PAYABLE AS FOLLrJWS: In equal monthly installments of $554.72,
including interest,-with the first installment due on the 29th day of June, 1980, and
continuing on the same day of each month thereafter until May 29, 1992, on which said date
*_he entire unpaid principal balance and any accrued interest becomes due and payable. Each
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( each monthly payment shall be applied first to the payment of interest on the unpaid balance
€ *hen to the payment of principal. The privilege of making payments in advance of the due
dates without penalty is retained by the maker.
i
s,
If default be made in the payment of any installment under this note, and if such default is not made
l good within 30 days after due date the entire principal sum and accrued
4 interest shall at once become due and payable without notice at the option of the holder(s) of this note. Failure
to exercise this option shall not constitute a wais•er of the right to exercise the same at a later time for the same
default or for any subsequent default. In the e.•ent of defaults in the payment of this note, and if the same is
placed in the hands of an attorney at law far collection. the undersigned hereby agr•e(s) to pay all ~ ~~OS`~~ c
Lion including a reasonable attorney's fce. Presentment, p~ t~ •~tit
s ,
Martin D. Boyce; -D7iir2ctor
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(SEAL) ~ '
(SEAL)
M106TATE t,E(i11i &tJPrLY CO. - ORLANDD, FLORIDA
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