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~o ~iaUe and to ~totd the same, trtgefhe? with the tenem.nts,~h.?editamentstaAd appurte-
nnnces thereto l,elanging, and the rents, issues and projils thereof, unto Ihs mortgage., in fee simple.
T1~ flte mortgagor cotrenanls with the mortgagee that the mortgagor is tndejewibly seised of said
land in Jee simple; that the mortgagor has good right and lawful autho?tty to conusy said land as ajon-
said : that the mortgagor will make stub /urther a:sunnncei to pe~ect the fee simple tit4 to said (and in the
mortgagee as may ?easonably 6s ?equired: that the mortgagor hereby fully warrants the tttb to said land
and urill defend the same against the lawful claims of all persons whorruoever; and that said land rs jttw
and clear of all encumbrances except taxes accruing subsequent to December 31 r
1979. ,
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CoUtded )AW~Ss that ij said mortgagor shall pay unto sold n?ortgagse the certain promis-
sory _ note hereinafter substantially copied or identified, to•wit:
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~ ~ x(10.00 Ft . ?'i crce rtor~Aa ' ','t,~~~~..,.~~r 3 w
tOR YAIUE RKftVED t!se undr+s~yxd rromises to pay to the weer of
:).j~'ID S. I•'OP,EL and DOROTHY T. MOREL. his wife
,,,e ~„nri~,, ~ _ One Hundred Six Thousand Five Mundt ed &0/ lOn Dol{ars Is ] OF. , S!)0 . QD f-
annum ~ .,,d .ntrreft -
,uye+her with intaest fhea•on horn dale, al the rate of._...... 1_..-.' O..-.... ......per cent, per
t,• n9 pa.able See below on the ~ day of and - t
:,.ch car, p - p.. . 9 Pay - . y 541 NE 14th St
y both r,nci al ar+d intaest bein able rn lawful none d the United States or its rQuiva'~ent, al
Roca Raton, _ FL_-- 33432..- .....,,id principal sum to Ix payable on the dates and in the aa.mrnts spec.Urd tclow, to-v.+t ~
"-he princiral sum of $106,500.00 shall be payable in monthly
~~~ta1lTTlents of $1,099.47, including interest at the rate of
i~ per anmiEn, com,-nencing December 3 , 1980, and on -the same
cay of each succeeding month thereafter until this obligation
_ s paid in ful-1, ,
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E r'rivilege is, reserved to prepay this obligation in whole or
in part at anytime without penalty.
Ewch raster and endorser severally wsi.es demand, protest and notice d maturity, non~payrxrrt a p+olesl and ail reQuirernenls necessary to hold each d
F If„•rr Lr51c as maters and endorsers -
Esch mater and endorser lather agrees, Ianlly and seve.ally, to pay all costs of collection, including a reasonable anocr+ty i fee m case the prnupal d
_ th,s note w any payment on the princi,'fal or any interest (hereon is not paid at the respective n+alwily liwreof, win case it beca~+es r+e;essary to protect the
curity hereof, whether suit be bought w not.
This note and deferred inte.~fl,pay~ngnts shall bear interest at Ire rate d_......12.... ..-.--Der cent, pc•r annum from matwity unt+l paid.
this note is secured by a S. lY'.,5 C _..mortgage d even date herewah and is to be construed and rr,fo; ed accord,ng to the laws of the State of Florida.
upon d<•tault in the payment d principal andlw interest due on any note secured by said Mo•tgage, all not xcured acrd re:rammg unpaid shall lorthw+th
~ F'e•<~me due and payable nolyrithstanding (heir lentx. ~ 7
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