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~~ ~t ~ W~~ f{~e aame, togelti~ wlfti ths tt~~e~f1~b. ~~ila~wla nnd appwts-
nnnces thereto be~onging, an~ Il~s -enfs, is~uea and prof ils thtno~, unto ftie morfgag~s, in ~se alenple.
nlRl ftie mortgapor coi~enanls with fhe rnortgagee !ho! tti~ moNgngo~ is indejewt6ly ~sized oj ~aid
~an~ in f ee simp~e: ~hat ih~ moNgagor hna good rigtif a~~ ~aw~u~ autho~ity !o convsy ,o~d la.~d m o%rs-
said: ~hat ~h~ mort4~agor u~ill mnlra sucl~ /urtl~er assurancea to per~rct tl~~ ~es iimpls title to ao~d land t~ tl~~
mortgagee as may reasona~~y 6e requi~ec~: thnf t~~ morlgngor he-e6y f u~~r worranfi ttie Itf~e fo aatd ~and
and u~ill de~Pftd I~P same agninst the lawJul clnims o~ all peraona whonuoever; and Il~at said land is f ree
m~d clear o( all encum6mnces exeept those Of IY~C'.c~ld.
.
~~V~~ W~ys~ tl~at i~ said mortgagor rl~a~~ pay unfo said rnorfgagee the certain promis-
~ sory note {~ereino~ter sutistanfia~~y ropiec~ or i~e~fiJied, to-wif:
~
t
1
s__40,000..00 ' v~,o eeKh, cso-~a~ ~rch 2, , 19R ~l
.
,. A$ beLOW S~Cl.fl~ ._ _. . ._. afte- date, I, he o- e~ther of us prom~se to pay to the order of
~ MCCOY P'SP1~ Ki]DI~+K. -,JR.
FORTY ~HOUSE~I`iD_ L1ND. NO~ lOO-----------------------------------------------------£OLLARS
for ~a~~ .~e~~ee, Payable at Office of John H.- Sutherland~~ttorney at Law~ Vero Beach, ~orida,
. or such_oth~er. plac~.as .payee may designate in writing "'~rh ~"'~.est
from ~./. -'~ ~- - ~< <~ rate of IO_. . per cent per annum until paid; interesf payab~c as belaa specified
And !Kh Of us whether makt~, g~araNd w erv.furser, hereby sevcrally r.a..es av~ ~e~oun_et a~v a^!: a'i hom~~trad exempLOn n{hts we may
have under tht Corstituhon d laws of fhe Statt oi flp~da. M anY other Sratc, or Un ted i~ates, as a3a ns1 th:s n~1r, 3n 1 cach fur~ncr ~wa.~cs d•'-mand,
nohce ot non-par~^~ a^d Wotesl, and ~n the evertt if Gecomes necessxy fo collecf th.~s n.te thro~sh an atto~nev. agreez to Day a!t costs of co:lect~on.
includ~n~ reasw~aWe attwney's fee.
Ztie principal and interest of this note shall be due and payable at the rate of $385.00
per m~nth cam~er~ing an the lSth day of April~ A.D. 19$1, and con~inuing on the saim
date of each and every rnnth thereafter i.mtil said principal s~n is paid in full. In-
terest shall accrue at the rate of ten (10) per cent per armun an the ~pa.id balance
from time to time remaining and all pa}r.r~ts shall be applied first to accrued interest
• a~d remainder to principal. In the event of a default in any payment of principal or
interest which ciefault shall not be corrected within thirty (30) days thereafter, then
the entire ~remaining ~paid balance of this note shall ium~ediately become due and pay-
able at the option of the holder of this note. Any payn~nt or any part thereof cr~y be
ua~de on or before its due date without penalty. This note with interest is secured dy
a m~rtgage on real property of even date herewith~ and made by the malcer hereof in fa-
wr of said payee, and the ternis of said mortgage are by this reference made a part here
of, and there shall be ro personal liability on the mal~:er of this note nor shall the
holder of this note be able to sec~e a deficiency decree against the maker, it being
~utiderstood that the property described on said m~rtgage shall be the sole security ~~~
ttu~ r-~ te . •
S~ ~O~ji~ 5,~~~~ 1~ sFn~
~~. °ie - - - ~JOHN H. SI]ni~~:RIAND, as TYu.stee ~der the
pro~riGions of a certain ~st Agrec~iC
dateci the 27th day of February, 1981.
~~r~49 ~
~ ~~~ ~~d~~E234.