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' the same, together with the fenomeMa,. heredifamenfa and apptt?fe-
nances Ihernto helt~nginry, and the rnnts, Issues and projils thereof, unto the mortgagee, in jee simple.
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~ll~ flee mortgagor couertanls with the mortgagee • that the mortgagor to indefeasibly seized of said
~ land in jee simple: that the mortgagor has good right seed lawful authority to convey said land as afore-
~i said; that the mortgagor will make such further asstuances to perfect the jee simple title to said land in the
mortgagee as mny reasonably be required ; that the mortgagor hereby fully warrants the title fo said land
artrl will defend flee same agninat the lawful claims of nII persona whomsoever; and that said land is tree
and clear of all encum6,nnces except those taxes accruing subsequent to December 31 ,
1979,
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~~~~lded ~lwayS, that iJ said mortgagor shall pay unto said mortgagee the certain promia-
~ sory Holt hereinnfter subatnntially copied or identified, to-wit:
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MORTGAGE NOTE RAMCO FORM SJ
1 ,750.00 Port St. Lucie .Florida
November 12 l9 80
FOR VALUE RECEIVED. the undersigned, (jointly and severally, i( more than one) promises to pay to
AMY G. VAN PELT
, or order, in the manner hereinafter specified,
the principal earn of ONE THOUSAND SEVEN HUNDP,ED FIFTY DOLLARS AND NO/100------------100 DOLLARS
(S 1 a 750 • )with interest from date at the rate of 12 per cent. per annum on the balance from time to time remaining unpaid.
The said principal and interest shall be payable in :awful money of the United States of America at 2539 Derwent Drive, S.W. ,
Roanoke, VA .Zt~{p~S~ or at such place as may hi-n•aftrr be designated by written notice from the holder to the maker hereof, on
'i the date and in the manner [ollowing:
j This note shall become due and payable in one payment of $1,750.00, plus interest, on
~ or before February 25, 1981.
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THE MAKER RESERVES THE RIGHT OF PREPAYMENT P,T ANY TIME WITHOUT PENALTY.
'This note with interest is xcured by a mortgage on real estate, of even date herewith. made by the maker hereof in favor of the said
p.yee, and shall be construed and enforced according to the laws of the Sute of Fbrida.
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If default be made in the payment of any of the sums or interest mentioned herein or in uid mortgage, or in the performance of
any of the agreements contained herein or in uid mortgage, then the entire principal sum and acuucd interest shall at the option of the
holder hereof become at once due and collectible without notice, time being of the essence; and said .principal sum and accrued interest
I shall both bear interest from such time until paid at the highest rate allowable under the laws of the 3(ate of Fbrida. 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 rson liable hereon whether maker or endorser hereb waives
!x y presentment, protest, notice, notice of protest and notice of dis-
honor and agrees to pay all cosu, including a reasonable attorney's tee, whether suit be brought or not, it, after maturity of this note or default
'"Ir hereunder, or under uid mortgage, counsel shall be empbyed to collect this note or to protect the security of uid mortgage.
Whenever used herein the terms "holder". "maker" and "payee" ,,{{hall be construed in the singular or-plural as the context may
require or admit. JU Mac Investments, InC.
Maker't Addreu BY.i......j.~A....MACLEOD.---PRES. ---...(SEAL)
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1845 S.W, St. Andrews Drive, Stuart
r . F~.........X34.~.4 - A---~ - - ---(SEAL) }
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t 80~1R(J`tJ PAGE...~~. ..........--(SEAL)
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