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)~ nA11t ~ W ~~ f1~e same, fogefhPr wtlh fh• Nri~menta, I~weditwnenti and appwfe-
nancet fherefo be~onging, anc~ 1/~e -ents. iuuas ant~ pro~llt f/~e-eo~, unfo fhe mortgapee, !n (te ilmp~e.
~ the mort9a9or couenanb w~th !he mortgngee Ihut the mortgapo~ ts indefeal6ly teizetl o~ iaid
~and in ~ee simp~e: Ihaf fhe morfgagor haa good Ng1~t nnd lawfu~ authortly fo c~onue7- satd ~and as afon-
saFd; fhaf fhe mortga9or wlll make auch jurlher Qsrw~ancea fo pe~e~ct t1~e ~e~ ~[mple tttl~ to satd Innd t~ fht
morfgagee as may -easona6ly be requtred; tl~at t1~ mortgapo~ h~ro6y /ully warranb the fitle !o satd lw~d
and will de%nd fhe same agntnat the lawJul clalnu oj al1 penona whomsoever and that ,atd la,~d ta /roe
o~d clear o/ all encum6rancea
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~V~ nlw~s~ that t~ said enorfgagor ahal~ pay unfo said nwHgagee the ce~tain p-om4-
sory note hereina(fe~ su6atantial~y rnpied or identt~ted, to-wit:
$66,000.00
Fort Pieroe, Florida, January 1, 1981
FOR VAI~JE RDCC~IVID, I, ~ae or either of us, pramise to pay, without defalcation, to the
order of VICPOR F. OGDII~T and DORIS M. OGDIIV, his wife, at 220 S. W. Aldea Court,
Fbrt St.. Lucie, FL 33452, or such.other place as payees may direct in writing, the
stun of SIXTY-SIX Tti0US1,t~ID AND NO/100 DOLIARS, with interest from date at the rate of
12-1/2$ per anrnun, in mc>nthly instal]smnts, as follaas: $813.47 on the lst day of
Fehruary, 1981, and a like s~n on the oorresponding day of each like succc.~eding p~xiod
thereafter until the whole be fuliy paid. Any pa~nent more than ten (10) days late
shall include a late charge of $24.00, but there shall be a 30~iay grace perioc3.
Each i.nstallm~nt first shall be applied in paymc~.nt of the interest arid then on the un-
paid balance of the principal sLUn. If default is made in the pajmient of any in~tall-
ment when due, then at the option of the holder, and without any other r~otice, all the
re~ining installments shall be due and payable at once. Neither forbearance, nor ac-
ceptance by the holder hereof after any default in any paym~nt hereon,~shall be dec~nad
extension.
Each rraker, surety and endorser herc~of, jointly and severally waives dc~nd, present-
ment, protest and notice of pmtest for non-payrnent, and further agrees to any c~xtension
of time of ~~ment, either before or after rn3turity, without notice to any of us, and
t~o pay all oosts of eollection, including a reasonable attorney's fee in the event of
any default hereunder, and hereby severally Waives all benefit of;hc~rr-estead and ex~~t.ion
under the o~r.stitution and laws of each State of t1~e Unitc~ States, as against this obli-
gation or any extension ar rencwal here~f.
I3o principal payment in excess of 30~ of the original principal of said rrortgage shall
be paid in any year for the first five (5) years of this note and Irortgage. A ten percent
(lOg) penalty on the then rE~naining unpaid principal 5ha11 be paid t~o the holder of this
r,ote and m~rtgage if said note and rrortgage is satisfied prior to the expi.ration of five
(5) ycars frvm date hereof. The purchase rroney mc~rtgage and this note shall be asst~ble
by any subscquent p~i-chaser only upon express written consent of the mortgagec~s, Pruvided
the holder her~f shall have the right to increase the interest rate on the un;~aid prin-
cipal t}~en rc3naining to an interest rate not to exceed 14~ p~x anrn,an.
tti~ithess the hand and seal of each party.
Jim G. ~.ssakis
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_ ~~.~:~~~~~_=_~~ LL.
a~3~s ~~E~~o
(~~~al)