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1NiV~ ~ W the same, together with the tenew~enb, heredttamenlj and appurte-
nances 1her~efo belonging, and the rents, issues and pro/ifs the?eo/, unto the mortgagee, In j.. simple.
the mortgagor covenants with the mortgogee that the mortgagor is indejeastbly seized of sold
land to fee simple; that the mortgagor has good right and lawful authority to convey said land as ajoro-
said; flint the mortgagor wtU malts such further assurances to perfect the /ee simple title to said load in the
mortgagee as may reasonably 6e required: that the mortgagor hereby fully wnnanb the title to said land
and will defend the tame against the lawful claims of all persons whomsoever; and that said land is /ree
and clear o/ all encumbrances
Utter ~IUIUJS, that ij said mortgagor shall pay unto said mortgagee the certain promL-
sory note hereinafter subsfantinlly copied or identijted, to-wit:
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Mort a
93, 750.00 ~ ~eFLN~'~.erce i a July 17 T9 80
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foR VAIUt RECEIVED tM undersigns! prorrases Ie pay to the order d .
JOHN A. HOAG, TRUSTEE
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Ninety-Three thousand seven hundred fifty
I me pnnapa) sum of _ ......Dollars
together wdh interest thereon st the rated ten... µv cent per annum from .this date _ .
~.~til matwuy, both pnncipsl and interest bein'/ paysbk in lawful Money of tM_• U~ded Slates, such prirrtrpal ,.m and in!arest pay in ins,atiR.,:nts e; iolbws:
E 'Ten equal semi-annual payments of $12,141.05 with the first payment to cowmen e
January I7, 1981 and a like sum on the corresponding day of each like succeed ,
ing period thereafter until the entire principal balance. is paid in full.
The maker hereof reserves the right of prepayment in whole or in part at any
time without penalty.
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The terms of this Note are fully sub3ect to the exculpatory clause typed in o
page three of the ~or~tp~~e of even date l~erew~~h . I
Such rnsrallmenl paymeMS shat st fo the ~nreissl accrwnq rrr? t terms t ss note end then to a reduction d the principal indebtedness.
The makers and endorsers of this rests frxther agree to wave demand, police dnon-payment and protest, end in lire event soil shah be btou9hf tw IM I
couedrq+ hereof, or the same has to be collected upon demand d an ~aeorney, b pey reasonable aMOrMys tees tOr asakiny such coltetliort. AR gymerMS here•
' ~ ceder shall bees interest at tM rate d. ......percent per annurc Iron .rratwily uNil paid. This note is serawed by a nrortps9s of even dale herewith and is to
zee construed and en(oresd sccordiny to the hors d the Stale d tlorida; upon delsuq in the paymerN d principal andiw interest when drre;~TIN whole sere d
r.~~nc~pal and inlNest rema~niny unpaid shall, at the option d the holders, oecorne ierrred~alely due and payaW.. failure t eitsrcise this oplron shsN not constitute
c waiver of Use right to eaxciss the same in IM event of subseavent default.
P . 0 . Box 65 ~ • 1 _ . , t . ~ . ~ lSEl1l)
• arable ar Mi'1toTi A. Stein.. .
Stuart, Florida, 33494 ......._~sEAll
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s,xh orhrr place as shall be _ . ..........._.....ISEAI)
'_es~gnated by Ihe*old~rnariu311ch default- continues for 30 ..liars - ..--csEAu
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note rn wnbno.
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