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'~o ~laue and to Mold the snots, together with the tenements. heredilamenfa and appurte-
I nances Iherefo 6elouging. an~I the rnnfs, issues and projils thereof, unto the mortgtgee, In jse simple.
the mortgagor covenants with the mortgagee that the nto?tgagor is indejeasi6ly seized of said
I larttl in jee simple; that the mortgagor has good right and lawful authority to convey said land as afore-
~ said; that the mortgagor will matte such further assurances to perfect tks jee simple title to said land fn the
morf{fagee as may reasonably 6e required; that the mortgagor Itere6y fully war?ants the title to said land
• atui will defend the same again:! the lawful claims of all pent.ns whomsoever; and thnt said land fs je•
` and clear of all encumbrances _ eXf7gpt t8}~8 Sf7CYU~IK~ SLZIJBeQL1Lnt t0 Dyer 31, 1979.
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- ~rou~ded always, that ij said mortgagor shnll pny unto :aid mortgagee the certain prowtts-
sory note hereinafter su6stanfially copied or identified. to-wit:
i 100,000.00 Fort Pierce, Florida, July 8 • 18 ~
For value received, I, we or either of us, promise to pay, without defalcation, to the order of
PAiJI! f~tING and HAN~LD~ C~IItING, his wife
atcJo 601 Seasaay Drive, - in Fort -
- H[~iDPED ~ AMID NO/100- DOLLARS - •
Pierce, Florida, the sum. o 1
with interest from date at the rate of - - 96 =per annum, in instalments as follows,: •
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~ - E.e1-fa.ta>o:iuf tlr~E' ahwd >se applied in yymant of tin intar+st and t7lea oa thi onpaW loalarlee of tbs prfnelyd u detaelt ie
` - - made fn the of w fa.htment when dos. thee at the optloo of ttr bolder. and ..ithoat w other notie,` aft the remafalas
Insfalmeat~ aLall M • des and pvabte at ogee. Ai~ile[e b dKn to oaf t'ro ar asw~e ilrtalmeats at and inetatmeot e~il~data. hot
fhb alrll not ~cbead the time of maturitr of arv rnfreesmt instalment. xeftber tarhsnnee. mr aeeeptaaes h the hoWar ~ - -
_W detank in w pnlmerd hereon. chaff t!e deemed ezteadoe.
" . ]9eeh mda-e, eor~ and endorser bmeot: iointl~ and oe~asltf. ~afw demand. praeentment, prof~aR- and noNae of ~roteet for aon-
pa/ment: a~ ftr:ther attre+s fo w eztension o[ time of pa~meat. either before or after alateriq, srithoat notko to aa7 of ss: sad
to urv'aD cosh of oollcetioe, inelodins a reasonable attort>t7rn to fn the eoent of and detsnlt bereerlder. and herebf ee+era0~ ~rairs dl _
t benefit of homestead and exemption ender the eorut+tatioa and leers of each 844 of the United Stsfas. r asainet tllfe ohlisatioa or w _
. . aRension ar rsne~d hereof. ' _ : _ _ _ : _ - -
_ : witnes the hand and seal of sash part.. _ - : , : j. ~ • - ' _ ' -
'principal and irrt~exest i.retallments shall be paid as follows: _ - _ - -
_ ~A ; Interest: Quarterly_ installments _ to be paid on interest oonly far three years:
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~ i.--- Zhe sum of $3,000.00; ~each,• shall be paid beginning oan OcGdier 8, 1980 to
- - - : - and including July 8, - 1982; :based - on_ the .principal sun of $100, 000.00 at
~ 12$ interest per annum:: ; ~ : i , ; . _ . _ . : _ - .
an OcbobP.r 8, 1982
- ii. 'Ihe sun of $1, 500_ .00,' eadi, shall be paid lieguming - . -
. to and including July _ 8, 1983, ba_~ed on the principal sun of $50, 000.00
' _ • _ at 12$ interest per a_
r>nun. . _ . • _ - _ . - - - _ .
- ~ B. Principal: ~ principal installments of $50,000.00, each, shall be paid as - -
follows:. ~lment - ~ - -otr>+the~seo~nd anniversary of the- c]osin,I.date, i.e.;
~ _ ' ii _ One installment paid ~ oen the third anniversary of the. _closing ~ date, i.-e. ,
_ ~ July _8; 1983._ = _"-"...i _
s - " ~ Right of prepayment in _whole or_- part JoSeph~J. +Morrow ~ - ~ (SEAL). _ .
~ - =-w _without penalty , ! • - ; _ Joseph J. l~forrtyw_ . - ; : ~y - : -
_.1•.~..{: ~ ~++t,.1,.',~ (SEAL)- }
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r ~ •tf, ~~~.r ~~}1 w...}t !!r. `3~1•~1~~%1S +~:v; tr l..~..-} .'..i~ ri.~t. 1 i. -
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