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1 7~ It~V~ Ally W the same, fogelher with the tenements, htredtta
m:nta Ond appurte-
nances thernto belonging, and the ?rnts, issues and projila, theneoj, unto the mortgagee, to jee simple.
the mortgagor covenants with the mortgagee that the mortgagor U indefeasibly seized of anid
land in fee simple; that the mortgagor has good right and lawful authority to convey said land as njoro-
said; that the mortgagor will make ouch further assu?ances to perjPCt the fee simple title to said land in the
mortgagee as may reasonably 6e required: that the mortgagor hereby fully warrants the title to :aid land ~
~ and mill defend the same against the lawful claims of a!! pemons whomsoever: and lhat said Iand is free
' and clear of all encumbrances eXCept taxes accruing subsequent to December '
31,1979.
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~ ~CO~t~ ~lUl1~S that i saki mort or shall gag promis-
s j 9a9 pay unto said rnort ee the certntn
sory note hereinafter substantially copied or identified, to-wit:
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r. m•, rr• :?..+cw! ~•r.eM r arwufr 1•aorM••4 IWws• I•crrM!' lEMIYOL[ iORM 7r
Mo~tga~e Note
S 85, 000.00 ort Pierce..., t~enda October 21 ..1980
FOR VAIUf RECEIVED tM undsnipne! prosruses to pay to 1M order d
KAY M. PARCELL TRUST
D'~nt~pal Brun erT Eighty Five ..Thousand and no/one-hundredths ~ 'Dollar:
rc•yN'.er wnh interest thereon at the rate deleVen -w cent p« anrwssr kosn this date
~ ~nnl maturely, bwh pr,nciPal snd interest bein7 payable m lawful Money of Hie llrusN Stall, such principal swn and iMetesl payable .n insra~:r.,;ms a: iolbws:
X240 equal monthly payments of $877.36 with the first payment to commence on
~ ~~ovember 21,1980 and a like sum on the corresponding day of each like succeed-
(+in3 period thereafter until the entire principal balance is paid in full. ~
~ The maker hereof reserves the right of prepayr.?ent in whole or in part at any
Rime without penalty.
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I Such ~nstallmem paysnnls shall b~ appl»0 fvst to IM uslarest accrwn9 under tM tenor of Mil noN ana then to a red,ct~on of tM pnnapal irdalM.dness.
j j The makers and endorsers of Mus hole (irrthsrr Apra. to waive dsrieand, riplice of non'pay~sMrl and protest, and in tM evswrl suit shall b. trrosrphr for flie
coneuion hereof, or tM sseie Ms to M clollleded epos derrwid of an altorriey, b pay rNSOnable aMOrnoy's INS la nre?irp-such eollsction. AM peyitreMS here, '
u^ der shall bear inlereft at Ilia rel. d 11.. percent pe. annwn hom rratwity iMfil paid. this now is sew.d br a niortpape d rrsnn date herewith and is to
j ~ be co~srrued a++d enlwe.d accwdnp to IM laws of IM State d Florida: swop ddauM in tM ayuwM of Orincipal andla int.r.st wl~n dur~tM wlwN swn of
`I ` p~.r,c aal and ~nIMe31 r.ft1aN11fIp Ynpa~d shall, ar IM opswn of sM holders, sxco~sre rnrn~edrMd dw and payablsr. fa~la. to .asrcise this ion shah ns~ s:onst~tute ~
f 1 + waver of rh• npht to ea«dse tM same in +he.vent of subsestiicn? d.fault. and such default continues ~or 30 days.
i 3794- d-w.~?~.,. S VREALTY OF FT.-P-IyE~RCE,INC..._.._ ssEAE~ ~ f
I ~ ~ By Executive Vice- President
i •,,c~ ahe? Mace as rhea _ _ ........._ISEAII
i ~ -e•,.~~,rred Dr the holder of l,i. (CORPORAT~ ~ SEAL)
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