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7~ 1tLfW~ ~d t0 TWlll the same, together wflh the tenemenla. heredifamsnta a?td appurte-
nancesjfltereto belo?tging, and the rents, issues and prof
ifs thereat, unto the mortgagee, in jee afmple.
I11~ the mortgagor couenanta with the mortgagee that the mortgagor b indefeasibly seized of snid
land to Jee simple: that the mortgagor has good right and lawful authority to convey said land as aJarv-
said: that the mortgagor;will make such further asstsnsrtces to perfi~ct the /se simple title to said land in the
mortgagee as Wray nwsonably be requtr+ed; that the mortgagor hereby /ally warrants the Nlls to :aid land
and will deje?rd the same against the lawful claims of all persons whomswver; and that antd land to jr..
and clear of all enrum6?nnce: except those taxes accruing subsequent to December 31 ,
1979.
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~CO~td~ ~IU2UJS, that tf said mortgagar shall pay unto said more ~
gages the cerfairs promo-
sory note hereinafter substantially copied or identified. to-wit: `
II
MORTGAGE NOTE RAMCO FORM S~
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s 3 , 600.00 Ft . Pierce , Fbrida
September 30 . l9 80
FOR VALUE RECEIVED, the undersigned, (jointly and se~traliy, ii more than one) promises to pay to
BILLY J. McCULLOUGH and JUDITH M. MCCULLOUGH, his wife ~ ~ order, in the manner hereinafter specified, G
the principal sum oiTHREE THOUSAND SIX HUNDRED DOLLARS AND NO/100------------------- X100 DOLLARS
3,(00.00 ) wsth interest iron date at the rate o[ 12 per cent. pu annum oa the balance from time to time remaining unpaid.
The said principal and interest shag be payable in lawful money of the United St:tes o! America at t
or at such place u may hetrafter be designated by written notice from the holder to the maker hereof, an
ehc date and in the manner tolbwing: ~
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Payable in Twelve (12) consecutive monthly installments of X319.87 beginning November 9, s
1980 and each month thereafter until safd principal and interest due thereon are fully
paid. #
THE MAKERS RESERVE THE RIGHT OF PREPAYMENT AT ANY TIME WITHOUT PENALTY. t
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This note with interest is secured by a mortgage on reai estate, of even date herrwith_ made by the maker hereof in favor of the said
payee, and shall be construed and enforced according to the laws of the State of Florida.
I( default be made in the payment of any of the sums or interest mentioned herein or in said mortgage, of in the performance of
any of the a reemenu contained herein or in said mortgage, then the ent'ue principal sum and accrued interest shall at the option of the
holder her become at once due and calkctible without notiu, time being of the essence; and said principal sum and accrued interest
shall both bear interest from such time until paid at the highest rate albwabk under the laws of the State of Florida. Failure to exercise
this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default.
Each person liable hereon whether maker or endorser, hereby waiver presentment, protest, rwtict, notice o[ protest and notice of dis-
honor and agrees to pay all costs, including a reasonabk attorney's tee, whether suit be brought or rwt, it, after matursty of this note or default
hereunder, or undo said mortgage, counsel shaft be empbyed to rnlkct this note or to protect the security of said mortgage.
Whenever used herein the terms "holder", "maker" and "payee" shall be construed in the singular or plural as the context may
require or admit. ](~,~g~,
Makeis Address --A'.•~UIsIJEIY ...............................................................(SEAL)
~t3/ -3 - --(SEAL)
,f~'~r. i----....-8o91c~ P~ - .
2011 South 10th St. , Fort Pierce, FL 33454- ~ (sEAL)
• ~ .............................(SEAL) i
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