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~t ~ ~ the snme, together with fhs tenements, heredifamenta and appurte-
nances thereto belonging, and the rents, issues and pro/Its thsreoj, unto the mortgagee. in fee simple.
ZUi~ the mortgagor covenants with the mortgagee that the .mortgagor is indvf
easibly seized of said
land to fee simple: that the mortgagor has good right rind lawful nuthority to convey sold land w ajore-
said: that the mortgagor will make such further assurances to perlect the fee simple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully war?ants the tide to said land
and will d%nd the same against the lawful claims of all persons whansoeuer: and shat said land u fee •
' pnd clear of all encumbrances except that certain .First Mortgage from James
Buchanon and Mary Buchanon,his wife to Vincent A. Grizanti and Flora
Doris Grizanti,his wife dated September~11,1975 and recorded •in O.R.
Book 243,Pate 2138 of the Public Records of St. Lucie County,Florida
in the original principal amount of $15,000.00. ALSO EXCEPT that
certain Second Mortgage executed_by Lon F. Parsons to James H.
Buchanan and Mary L. Buchanan ,his wife dated August 6,1979 and
recorded in O.R.Book 314,at Page 458 of the Public Records of St.
Lucie.County, Florida in the original principal amount of $2,000.00. ~
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t . i-t Itf,',i . '
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~(tQU(ded ~iLW~S, that if said marlgagw shall pay un[o tiaid-nw~Ngagee the certain promo- i
sory note hereinafter substantially copied or identified, to-wit:
I
~c••; ays r+a-, fN. (fri~cyM rs~alN r wtoM4, Mr.f1.rM-id.wrl Iwc~id.d) - - f3EMINOLE FORM n .
tVlortgage Note
s 16,000.00 Fort Pierc~~o~~da September 13 f9 79 ~
fOR VALUE RECEIVED the tindersigne' p~om~ses tc Day !c •~e ~r_er ~F
I, LO*' F . PARSONS ~
Sixteen Thousand and No One-*_-Iundredths -
tie pnnerpal sum of / - - - - - ~
~ •c;etker vrith interest therepn at the rate of twelve Mgr Ce.,r per .~-•,r7 from th1S date.
~ -t•l maturity, bah principal and interest je,n~ payable in lawful Mo~.e cf •!ee Uns~e! Stars. sutFt a*inC:pa! wr.+ ago ~:e•est navabie - •a~'~ers
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360 equal monthly payments of $164.8 with the first payment to commence on
October 13,1979 and a like sum on the corresponding day of each like succeeding
period thereafter until the entire principal balance is paid in fu1l.The terms'
of this Note are fully subject to the Rider to the .Mortgage securingy this Note
making this a Wraparound Mortgage Note. Any prepayment shall first be applied
to the first mortgage and note and thereafter the second mortgage and note and
after. those notes are satisfied the remaining balance shall be paid to the
xolde of this NQtg.A late , ppayment char a of $1.00 per day shall be added tae h -
instalment remaining unpai3 5 days aft~r it is due.
Such installment paymeMS shall be appLed first to the interest accruing under the terms of this Wore and then to a reduction of the pn~c~pat inaebted~sess
The makers and endorsers of this note further agree to ws•ve demand. notice of non•paymenl and protest, and m the eve++t sup! shall oe brou~h~ hr ehe
ceilecnon hereof, a tFe same has to bs collected upon demand of an attorney: to pay reascrab!e at!wney's fees for making such collection. k'i garments here-
i cer shall bear inrore9 ar the rate oftwelV~lrcent per arnu•n from n•arunty unto pa d. This note n secured by a mortgage of even date hrre« rh and
` y> construed and erFaced according to the laws of the State of Florida. ucon default h. the payment of p•inc~pa' tnd:or interest wF.en sue, the •.o;e w~+ or
f r,rc pal and interest remaining unpaid shall, at the option of tF.e holders. cerome im:+sec'iately due and payable Fa lire to eteruse th+s option sh iJl not co~st~tute
a waver of the right to exercise the same m the evert et subseQuent Cefault m'
~ {i{ ~-,y~ble at ...T02. Atlantic Avenue ~~imothy
yFFQuisroZZ sEA~
Fort Pierce, Florida 33450 sEA~;
SEAL:•
i c- such other place as shall be
Ces~9nated by the holder of this
r,pte m writing.. $EAI~
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Re-record a~~~x3~6 PAcE2296