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1~ TIiW~ ~ `0 the samp• together wilh the tenements, heredltamenta and appurtr-
nances thereto helouging, and the rents, tssuea and projita thereof, unto the mortgagee, in j.e atmple.
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the mortgagor covenants with the mortgagee that the mortgagor is indejewt6ly seized of sold
land In fee simple: that the mortgagor has good right and lawful authority to convey sold land as ajon-
aatd; that the mortgagor will make such jurlher auurancea to perfect the fee simple title to sold land to the
mortgagee as may reasonably be roquind: thnt the mortgagor hereby juUy warranb the tills to said land
and will defend the same against the lawful claims of aU persona whomsoever; and that said land to j?ef
and clear of all encumbrances except taxes subsequent to December 31, 1979.
~ss that t/ said mortgagor shall pay unto sold mortgagee the certain promta-
sory note hereinafter substontlally copied or identified, to-wit:
;~,6 , 000.00 Fort Pierce , Florida • Judy 7 ~ ig 80
1 FOR VALUE RECEIVEp, the undersigned, jointly and severally, promise to pay to the
or~ter of EVELYN M. WELCH. INC.
at 1901 York Court_~ Fort Pierce,
Florida 33450
the principal sum of SIXtY-SIX 1H0USAND AND NO/100------------- DOLLARS, with
interest at the rate of _.__-11_ per cent per annum from __~t~_ until
paid, in installments as follows:
Four (4) equal annual installments of SIXTEEN THOUSAND FIVE
HUNDRED AND NO/100 DOLLARS ($16,500.00) each, plus interest
on the unpaid principal balance, commencing on the 7th ~
day of July, 1981, and each July 7 thereafter unti~he
~ whole be fully paid.
~ PREPAYMENT IN WHOL)r OR IN PART AT ANY TIME , WITHOUT PENALTY ,
IS RESERVED BY MAKER.
If any installment be not promptly paid within -.30__~_ days next after the same be-
comes due, then, at the option of the holder hereof, the full amount remaining due upon
this note shall thereupon become due and payable at once, together with all other indebt-
~ edness stipulated in this note and in the mortgage given to secure the same.
The makers and endorsers of this note further agree to waive notice of non-payment,
protest and demand for payment, and in case suit shall be brought for the collection
hereof or the same shall be collected upon demand of an attorney, to pay all expenses
of such collection, inchuiing a reasonable attorney's f~ thereon.
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_ (SEAL)
~ Kenpe-tai ~ , erona
/ Sophud Petersen, Jr - (SEAL) ~
- (SEAL)
PAUE~~ _ (SEAL)
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