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~o ~iaue and to ~iotd the same, together with the tenements, heredilumenb and appu-fr
nanc~sjt~h,~pr~efo h~lmiging, and the rents, issues and projils thpreoj, unto the mortgagee, In jee slmple.
1UNi the mortgagor coverranfs with the mortgagee Ihat the mortgago- is indejeast6ly seized of said
land in fee simple; that the mortgagor hat good right and lawful authority to convey said land a ajone-
said: that the mortgagor will made such further aasuroncet fo per(pct the fee slmple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby jolly warrnntt the Ntle to said land
and will defend the same against the bwjul claims of all penont whomsoever; and that raid land b jre.
and char o/ all encumbrances
In the event that the Mortgagors default in any pa nt or condition sti ulated in
any prior mortgage for a period of sixty days, or 3n the event of any de~ault in a
~,pr or mortgage so as to cause such prior mortgage to be accelerated and become due
land payable during the continuance of this wortgage, then the entire sums less any
.unearned interest secured by this mortgage shall become due and payable at the
.option of the Mortgagee. I
The Mortgagor covenants and agrees to make all payments and perform all conditions ~'
and covenants called for in any prior mortgage now incumbering the property, and in!,
the event of default in any such payment or payments, conditions or stipulations, '~,
the Mortgagee, without waiving the option to foreclose, herein reserves the right tl
make such. payments, or perform such conditions or stipulations, so as to maintain
the prior mortgages and prevent a foreclosure thereof. Any and all such sums paid
or expenses incurrec on behalf of the Mortgagor shall be added to the Mortgage in-
debtedness and be secured by this mortgage.
And the Mortgagor waives all right of homestead and exemption granted by the
Constitution and laws of Florida on the property encumbered by this mortgage.
ujded ~~s, that tj said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, fo-wit:
;_ 22.500.00 Fart Pierce._Florida - December 10 , 1980
FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the
order of Carroll Collins d/b/a Carroll Collins Bondine
at -Fort Pierce, Florida
the principal sum of TWII~.Y TEA ~USAND_FIVE 11tI~InED & 00/100---DOLLARS, with
interest at the rate of _'--- __ per cent per annum from -------------- until
paid, in installments as follows
Payable in three (3) equal installments of SEVEN THOUSAND FIVE
HUNDRED DOLLARS ($7,500.00} each, on January 10, 1981,
February 10, 1981, and March 10, 1981.
If any installment be not promptly paid within 10 days next after the same be-
comes due, then, at the option of the holder hereof, the full amount remaining due upon
this note shall thereupon become due and payable at once, together with all other indebt-
edness stipulated in this note and ie the mortgage given to secure the acme.
The makers and endorsers of this note further agree to waive notice of non-payment,
protest and demand for payment, and in case suit shall be brought for the collection
hereof or the same shall be collected upon demand of an attorney, to pay all expena~s
of such collection, including a reasonable attorney's fee th eon.
~'
(SEAL)
GLADYS LIPPN AL)
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