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~o ~t~u~ and to ~iotd Ihe snme, toget~er ivit~ f1~e te~iements, ~?erec~itamenfa ancl app~irte-
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nances thervfu Gelongind, anc~ fhe ronts, tssues nnc~ projils tf~ereo(, unfo i~~e mortgapee, ~n (eo slmple. :
the morfg~{~or cavenanls wltfi t~e mortpaflee f~at llie mor!{~apor is in~eJeAai6iy selzec~ of aaic~
land in jeo simp~e; f{?at tjie mortpagor has gooc~ tight arid laiu~u~ a~ithority to conuey said ~unc~ as ajore-
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satd; tl~at ihe mort~n~or tulll meka scich /cirther assurancea !o perject the jee simple tille to satd land in tF?e ~
mort(~apee as n~ay reaaona6ly 6e required; Ihat !ho mortflnpor liereby /ully tuurrants fhe tltle to sai<1 lund
arid ~vtl[ de%nrl the same agatnat Ihe lawJul clalms o~ all persons whomsoe~er, nnd Ihat aatd land is freo
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and clcar u/ nll encumbrances except taxes accru3ng subsequent to December 31 , 1985.
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FIRST MORTGAGE FROM IMMANUEL MISSIONARY BAPTIST CHttKCH, INC. to
~ SUNBANK OF ST. LUCIE COUNTQ;~~~Q~ted 4-18-78 and recorded 5~1-78 in Official =
. Records Book 286, page 191, of the Pub13c Records of St. Lucie County, -
Florida, in the oriyinal principal sum of $ 24,000.00, and xe-recorded
~ 5-i6-78, fn Officia]. Rscords Book 287, page 100, of the Public Records of -
St. Lucie County, Florida. _
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~ ~rouedrd ~tlways, t~at i( saic~ mortgagar a~a~j pay iento safd mortgagee the certain promis-
sory note ~iereinnjter sub~tantially copiec~ or ideritt(fec~, to-iuif:
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; 45 ~ 000.00 FT. PI~RCE ' ; 1'Ivt~da ; `
- • October 31 , , 86
_ FUlt VALUE KEI;ttVk:U~ thc~undcr~~YncJ, (lu~~~tiy +n~ x.~r~l1~•, ~1 u~utr ~h~n v~~c) Nrumius lo pay to •
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% PRESTON P. BURNETT AND ELVERA D. BURNETT, HIS WIFE • ~~~ss;`+
• , ur ordcr~ in thc mannrr hereinaf~et specJud~ ~
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~hc principal sum of fol'ty five thAUSand anzl no------------------------------..__________,[.IpO DOLLIRS
(S 95~OOD.00 ) with intersxt frum date at the rate o! 12~ pcr .ent• per annun. un the bilance trom time ~o ~ime romaining unpa~J ~
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Tlu ~.sid principal and im~rat shall b: paysbte in laM•tul ~nonry o( thr l.'nitcd 3utet uf .~mcric.? at 3575 S. INDIAN RIV~ft DRIVEi~~~`
FORT P~ERCE~ FLA. 33482~r a~ such plarc a~ ~n.~~• lu•n ala•~ br ~!~•~n:naer.l by wnii~n n~~~+c fn•u, thc hoWet iv ~hr n~ake~ hetrof, un`:;~'._~.
~he date ar~d in 1hc manncr (ullaw~ng:
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59 monthly installments of interest only in the amount of S 450.00 each, an8
one instalimenti of $ 45,450.Od, the first installment to became due and ::;`~K'
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payabl~ on or before ths 31st day of November 1985, anfl one installment
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to become due and payable on or before the 31st day of eacl-, succeding month
until the whole of said indebtedness is paid. -
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` FLORIDA DC3CUNi~NTARY STAhIPS HAVE BEEI~ ~PAZD FOR AND AFFIXED TO THE MORTGAGE ~
SECURING THIS NOTE. ~
NO gREPAYMENT PENALTY.
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' 'f'ait note aith intctcst is sctursJ Dy a mor:.a{c on rt~l eua:e, o( r~•rn d~t~ hen•with, rnade by sn~ ms:rr 'r.rreud in faeor ol t~c a.~ii(
pa?•ce, and ~hall be eonstrved ~and cntoreed actording tv ~he laws u! ihe 5sa?r of Florida. 7'hs trrms ~f u~d murtsabe rrc by ~Aii trfcrenec
rn~Jc a part bereoL .
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If default be madc i» ~h~ payane~t of any ot~chr sumi or i/~t~rut m~n~ioned h:•rtin or in taiJ mor~:,a?t, or in the pcrfurman~e uf =
any of the a~recmrnt~ containcd 'ncrcin or in said ~n:.rt,;i~e~ then the erure princi~,~l swn and ~ccrurd inter~st ~hall ~t the o;~t~on of the
holder herco! beeome at once due and collec~ible w;~hout notice, time btin,~ of the cssence; and ~aid princi;~al ?um .n~l ac~ru~J ir.ter~.~
shatt ho~h bcsr ineerest frort suct~ ein~e until paid ~t ~nc hi~;hest rise slluwsblt unJer the lawi o( the Jtat~ ci Flor:da. t'a~iure to cu~u>c
thia option shall not eonstiwie a waivet o! the right eo c~ereise the ume in the c~~ent vf ~ny ~aubuyurnt dcs~vit. ,
Eich person lisLk hercnn whether maier or endoritr, hereby wai.~e• presentment, protest, noiicr~ rotict af protcst anei r.otice of dii•
honor and agrees to pay ail co~u, including a ~cason~Lir ~?wrney't fce, whc~hct :vit tx drovKh~ or not, if, atu~ m~~~rity o! ~his note or dciault
hereunder, or under said mortbage, couniel shaU be emptoyed to cpllecs ~hia ~oie or ~o proecct the accuriiy o( said mortyage.
~Yhencver used hrrein !he ~erms "holder", •'m.~.cr" .+nJ "plyce" shall be conitrueJ in ine ~in~ulsr or pl.,r~. a~'~4?~ c`o:ie,ce~inay
rcqu;rc or admit, • . ~
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