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~ ~o ~inue ~nd to ~iold I~~e same, fogef{~er wifh f{~e tenementa, heredifaments and appu~fe
' e~ancrs I~~~rnfo ~ip~on{~i~~g, an~~ t~ie rc+nls, issues a~ul profils lhereo~, unfo ihe morfgagee, tn ~ee simp~e.
~nd ~hc• morf~agor covena~~ts with Ihe mortgagee Ihat the mortgagor ia inde(easibly seized oj anid
~ land in J~•P sim~~l~; tl~at Ihe morlgagor has good rigl~t and IawJul aulhority fo convey snid land cu ajore-
~f sai~~: f~~af f~~e morl~a~or u~i~~ make such /urther assurances to per~rct fhe Jee simp~e lifle fo aaid ~nnd in fhe
ii murf{~af~ee as mny reasona6ly 6e requi~ecl: lhat the morlpagor here6y ~ully wananta tl~e fiflo to said land
'~ an~l u,i~l def~n~l fl~e same against Ihe law~u~ claims o~ aII persons whomsoever; and Iha! satd lond u/ree
~~~~~1 ~I~~~~ o( all encum6rances except those taxes accruing subsequent to Oecember 31 ,
~ 1980.
~ ~rouided ~itways fhaf i said mori a or shall
~ ~ g g pay unfo said morfgagee the cerfain promts-
~ sory nofe {~ereinajfer suhsfanfia~~y copi~~ or ic~entiJiec~, to-u~it:
1
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MORTGAOE NOTE
= 35,000.00
11AMC0 FORM S~
Port St . Luc i e , Fbrida
February ~ ly 81
FOR VALUE RECEIVED. the uadenisned~ (jointly and ~everally~ it more than one) promiset to pay to
LELA H. OLMSTEAD
. or order. ia the maaner 6ereinafter specitied,
~,~ p~;~ .,,m ~ THIRTY~FIYE THOUSAND DOLLpRS AND NO/100----~------------------~100 DOLI.ARS
(i 35 ~ ~00. 00 )~~ ~u~~ f~ dste at t6e nte o[ ~ 3 per cent. per annum on the balance iran time to time nmaiaina unpaid.
The ~aid principal aad interest ~6all be parabk in lawful moncy ot the Ueited Statei of Ameria at 606 Beaeh Court, Fort Pi erce,
FL 33450 or at such place u may hereatter be designated br written notice trom tbe 6olde~ to the maker hereo(~ on ~
the date and ia the manner tolbwins:
~ •
~4,000.00 due and pa ab~e on or before August 19, 1981.
As to the remaining ~31,000,00, payments shall be due as ~ fol lows: . `
Payable in One HunAred Eighty (180) consecutive monthlx installments of E392.23
beginning Apr11 1, 1481 and each month thereafter until said principal and
interest due thereon are fully paid.
THE MAKERS RESERVE THE RIGNT OF PREPAYMENT AT ANY TIME WITHOUT PENALTY,
Thu note with interest is iecured br a mortaage on rea! eatate~ o( even date herewith. made bv the maker hereot in favor ot the uid
Dayee, and ~hall be construed and enforced according w t6e law~ of the Sate ot Fbrida.
I( default be made ia the paymeat of any ot the sumi or interat mentioned herein or in wid mortsaae, ot in the pcrformaace ot
any o[ the a~m menu coatained herein or in ~aid mortgsae, thrn t6e entue principal sum aod accrucd interest aball st the option ot the
holder hereo( become at once due and oolkcu'b4 without notice~ time beins ot the es~ence; and uid principal ~um and accrued inteteu
shaU both beu intcrest trom such time unW paid at the hig6est rate albwabk under the lawt ot tl~e Sate o( Fbrida. Failure to e:ercise
thia option shall mt conuitute a waiver of the ria6t w exerciae tbe same in th~ event of any subxquent detaul~
Euh perwn liaWe hereon wbether maker or endor~er~ huebr waives praenuaeny protest, notice notice o( protat and notice of dir
honor and aarees w par all cosu, indudina a reawnable attorne~s (ee. whether iuit be brouaht or not~ it~ a[ter maturitr o( this note or de(ault
baeunder, or undei u~d mortsaae~ aounu) sha11 be employed w eolkct thu note or to protect the ~ecuritr of nid mortaaae.
Whenever u~ed 6uein the temu "boWe~'~ "maker" and "paree" shsU be wni ed i e unaular or ral a~ the context mar
require or admit. ~
' Maku't AddreM f• - • ••••-•- - s~i.~• -.~(Gf~-----•-(SEAL)
J0~ ff S'~~
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BtTt1K ~~9 FaGE s~c~ JA ~ MOST ~j G ,
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