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~o ~uc and to ~old 1he sume, togethc- wilh Ihe fenemenls, hereditnments and appi~rle-
nances Iherelo 6elonging, and the rents, issues and p-ojils the-eo/, unto the mortgagee. In fee stmple.
~d the mortgagor couenant: wlfh the mortgapee Ihaf •Ihe mortgagor is inde(~~61y seized o/ said
land in (ee slmple: ll~at the mortgogo~ I~as goocl right and law(ul authority !o conuey snid ~and aa afore-
:aid: ttiat the mortgagor wi~~ ma~e such ~urf~-er assurances to perjecf l~~e (ee ~imple iitle to said land i~ fhe
mortgagee as may -easona6ly 6e required: lhal !!~e moregagor here6y ~ully wnrronts the litle !o said land
antl wi~~ c~ef end !he same agairut Ihe ~au~f u~, clai~ o~ a~~ persons whornsoever: nn~ lF~n! snit~ In-u1 is ~ree
and clear oJ all encum6rances .
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~~V~ ~~5~ that if said morlgugo~ sf~nll pay unto saic~ morfgagee the cerfain promis-
sory note {-ereino(!er su6st~<<ally copiee~ or identijiecr, to-wii:
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S_i,750.00 ~ ~ _ Fo~f Pierce, Florida ~anualry 14 ~ 19 81 ~_-. ;~
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For value reoe~-•ed, 1, we or either of us, promise to pay without defalcation, to th~ order of
JOSEPH J. DeROSS, JR, of FEE, KOBLEGARD & TEEL
ar P•0• Box 1000, Ft. Pierce, Florida 33450 . .
the sum of ONE THOUSAND SEVEN HUNDRED FIFTY AND NO,C100--~---------------------p0~1ARS
with interest from date at the rate of ~ '% pe~ annum, in the manner foHowing:
installments shall be ~Q-00 «, February 15. ~981 , and a like sum on the correspond-
ing day of each like succeeding ~nth ~ereafter until the whote sum shall be fully paid with interest at
6 % y)~e up~i~i sums from time to time owing, Wi th d l l Of the above payabl e on or befor
~anuar 1 , 1 c
(Granting opfion to the promisor the~right of prepayment without penalty, and option to promise to add) __"___%
interest charges on all sums in default.
Each installment first shall be applied in payment of the interest and then on the unpaid balance of the principal
sum. If default is made in the payment of a~y installment when due, then at ths option of the holder, and with-
out any other notice, all the remaining installments shall be due and payable at once. Privilege is given to pay two
or more insfallments at any instalfine~t maturity date, but Shis shall not extend the time of maturity of any sub-
sequent installment. Neither forebearance, nor acceptance by the holder hereof after any default in any payment
hereon shall be deemed extension. .
Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment, prcte; and -~ti~e of
protest for non-payment and fu~ther agrees. to any extension of time of payment, either before or aher marunry,
without notice to any of ~s; and to pay all oosts of collection, including a reasonable attorney's fee in the event
of any defauli fiereunder, and hereby severally waives all benefit of homestead and exemption under the constitu-
tion and laws of each State of the United States, as against this obligation or any extension of renewal hereof_
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Witness''3~e h~nd' a~ seal of each party. -
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Star~ps affi ' ~ ~ =t~ :recordefi py. " 'N, & C I NC .
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AT~'E S~ : ~ ~ ~ ~ ~~G -~ , ' ~? ' ~ •
~ ti, ~ Cd Q~'reel and Secretar By : r`~" rt ` ~~ ~~`~ i de - i(s A~ K, l
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"~34? PbGE 4~5
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