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' ~o ~iaue and to ~lotd !he same, togetEier with lhe tenemenft. ~ereditamenta nnd appurte- +
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i ~zar~ces f~~ereto ~P~on~in~~, nn~ t{~e renis, issues mit~ profifs t{iereo`, unto ihe mortgngee, in jee simp~e. ~
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, ~nd the mortflnpor coi~enants with !he mortgagee that the mortgagor is indeJecuibly seized o( ~aid ! ~
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land in !ee simpl~; that the mortgagor has good right and lnwf u~ authority to convey aaid [and at a~ore- I ~
said: thal the mortgagor will ma~e such /urther assurancea lo per~PCt the (ee ~imple title to said land in the 1
(i mortf~agee as may reasonubly 6e required; that the mortgagor I~ereby /~Ily warrants t{ee title !o aaid lnnd (
I~ and wiI[ de~end Ihe same ngainst the lawju~ claims oJ aIl persons tvhom~roever: and t{~nt sa~d l~d 'u ~ree ~
and clenr o/ a[! encumbrances except taxes accruing subsequent to Decemher ~
~ 32, 1985. ~
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; ~rou~ded ~lways, t{iat iJ saic~ mort~agor shall pay unto snid mortgagee t~e certain promis- +
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sory nolp {?ereinaJter substantially copi~c~ or ic~enti(ied, to-wif: (
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MORTGAGE NOTE RAMCO FORM 3~
s 3 7, 3 4 2. 7 S \
a~"~~C , Florid,,
Februar ' 86
Y a~ ; ~9
FOR VALL'E RECEI~'ED, the undersigncd, (jointly and se~•~rally~, if mote than one) promises to pay to
JOHN W. SHORTRIDGE and SALLY SHORTRLDGE, his wife
, or order, in the manner hereina(ter speci(ied,
che prineipal sum of THIRTY-SEVEN THOL~SAND THREE HUNDRED FORTY-Ttv'0 ~ 75---L1U0 DOLLARS
i S~ 3 4 2. 7 5) with interest from date at the rate of 1 2. 0 0 pcr cent_ per annum on the balance from time to time remaining unpaid.
The ~aid principal and interest ahall be payable in lawful money ot the United States of America at P.0 . BoX 3875
~ OLt Pierce, FL 33454 or at such place as may hen•after be drsienated b}• writtrn notite [rom the holder to the makcr hereof, un
:r- datr and in thc manner following:
BOTH PRINCIPAL AND INTEREST DUE AND PAYABLE IN ONE HUNDRED EIGHTY
~180) CONSECUTIVE MONTHLY INSTALLMENTS OF $448.18 BEGINNTNG MARCH
26, 1986 AND MONTHLY THEREAFTER UNTIL FULL PRINCIPAL BALANCE, ALONG
WITH ACCRUED INTEREST, IS PAID IN ~'iJLL.
THE MAKER RESERVES THE RIGHT TO PREPAY IN WHOLE OR PART AT ANYTI~fE
WITHOUT PENALTY. IF A LUMP SUM PREPAYMENT IS MADE, THE HOLDER OF
THIS NOTE WILL AGREE TO REAMORTIZE AT THE SAME INTEREST RATE.
Thii note with interest is secured by a mortgaqc on real estate, of even date herewieh. made bv thc maker hereof in favor of the said
~ayea~ and shalt be construed and enforced according to the laws oE the State of Florida.
I( default be made in thc payment of any of the iurrei or interest mentioned herein or in said mortgage, or in the performance of
anti• of tht agreemenu contained herein or in uid mortgage, then the entire principal ~um and accrued interest shall at the option o( the
t;o:der hereof become at once due and collectible without notics, time being of the essence; and said principal sum and accrued interest
~hall both bear interest from such time until paid at the highat rate allowable under the laws of the State o[ Florida. Failure zo cxercise
ch~~ optioa thall not con~titute s waiver of the right to exerciu the same in the event of any subseq~~e~t defauit.
Enth pcrson liable hereon whether maker or endorser, heroby waives presentment, protest, notice~ notice of protest and notice ot dis-
honor ar.d agrees to pay all cosu, including a reasonaak atto:ney i fre, whether suit be brought or not, if, after maturity of this note or de(ault
hereundu~ or under iaid mongage, counsel thall be employed to collect this rtote or to protect the security af said mortgage.
ttihenever uxd herein the terms "holder", "maker" and "payee" shall be construed ir, e singulat or plural as the context may
require or admit.
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Maker's Addrtss ' .............••-•--•--•........._....--~-----...(SEAL 1
5313 Myrtle Drive n , c a r t z
Fort Pierce, F1 33482 .........................~....------......--~--~----....._._.~sE4[.~
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e a Schwar z
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