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To HAVe and'to Ho~d the snms, toQather with the tenements.
, hersdttsmen~s and appurtensnces thereto belan~inp. and ths rents.
~ taauea and proflts thereof, unto ths mortQa~ee. tn fee stmple.
• ~ And the mort~apor covenants with the mort~apee that the
mort~a~or is indefeasibty setsed of said tend tn fes stmpte; thet
the mortpnqor haa ~ood rtpAt and tawfut author~ty to convey satd
tand as aforesetd; thst the mor.tgaQor witi make auch further
~aaursncas to perfect the fee simpie titie to set~ tand in the
mortpa~ee as m~y reasonabtY bs requtred; that the mortqa~or hereby
fu~ty warrents the titie to sa.id ~snd And wttt defsnd the seme
Apainst ths iewfut cislms of all persons whdnsoover; and that aaid
tand ts f ree er~d c tenr of a~ 1 ~ ancumb~ances exeept taxes accruing subaequent~
to December 31, 1986,
P~ovtded Atways, thnt r~f satd mort~npor shatt pay unto SAId
~ewrtpsa~ the C~rtai~ praniss~ry note lterei~af~er substantiatty
copied or tdsnttfted, to-wit: ~
MORTGAGE NOTE .
/~1ESTLl~O M I CH 1 QAN _
" JUNE su 1887
' sa.ooo.oo
FOR VALUE RECEIVED. the underslQrl~d. (1o~ntly and severa~~y. if
more than one) promiaes to pay to
HAHRY O. DeMEESE and BEA BASYE De1~ESE. his wjfe
or order, ~n the mannsr heretneftar apactfted. tha prtnctpnt sum
F 1 VE THOt1SAAD MD IJD/ /00 DOLIARS (=6.000.00 )
with tnterest from date at !he rate ot t0 pe~cent. per
annun on the ba?ance fran ttine to rematn~n~ unpaid. The satd
prtncipat and tnter~st shall bs payab~e tn ~awfui nioney of tha
Untted States of Amsr~cs ~t: •
260 MAXt1A111 DR 11/E FAYE7TEY 1 t,.LE NC Z0304
or et such p~ace as ~?ay hareafter be deai~nated by wrttten notjce
from the .holder to the maker hereof; on the dete and ~n the
me,nnsr fo! IoMlln~:
ls.000.00 PAYABLE AS FOl.LOqfS s .
In consecutlve ~+onth/y instatuasnts of =230.73. tnctuO~nQ
~nterest at th~ ~ate of 10~ on th~ 26tA day of e~ch aanth
be0 tnntnp JULY, ~ae~. such monthly lnstail~eents sAat! conl~nue
until thO entire fltdebtedntss evldenCed by tltis nOte ls fuity
patd, except tha# any ~emalnlnp l~debtedness. tf ~t sooner pejd
she~t becon+e due snd payable o~ tt~e 26th day of Jt~IE, 1989.
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this note wtth Intorest ts secured by a ~ortQape on rea~ estate.
of sven dete hera+~rtth, rnsde by the waker hereof in favor of the
ss~d payee. and thai~ be construed and enforced accardtn~ to the
iaws of tAa State of Ftortda. The teras of satd ~rtpape are by
th~r re~erence wade a part heraof.
If defauit bs wade in the pay~aent of any of the suns or t~tereat
eienttoned hereln o? in satd wartpape. or tn the per~ormance of
any of the aprsa~nents contatned hsrstn or tn satd awrt0a~e. then
th• ~nt[re princiD~t scra end aacrued Jnt~rest shal! at the optlon ,
of the hoide~ hsreof becaNe at once due and co~le~tlbte wtthout
nottce, t u?e betnp of the essenco= and satd pr~nclpsl awn and
accrued tnterest shatl both Ma~ tnterest fres~ sucA tt~ne unttt
Dstd at the htphest ~ate a~iowable under the Stete of Fior~da. •
Falture to exerctse thts optlon shatt not constttute a waiver of
the rt~ht to exerciss tAe sams ln the event of any subseQUent
aefau~t.
Each peraon itab~s l~ereon ~rheiher ~naker or endorser, hareby
walves present~nent. protest. nottce. notice of protest and noltae
oi dtshono~ ind a0raes ta pay sli costs, includinp a reasonabte
attoreey's fee. whather sult be broupht b~ not, tf atter ~ewturtty
ot thts not~ or Qefauit hereuadar, ar under sa~d inort aDe,
couns~t sha~~ b~ awptoyed to ca «eot this note or to prc,tec~ the •
securtty of satd wortpa~s.
Mhan~ver used h~r~tn ths terws ~hotder~. •+aaker• aed ~paye~•
sh~tt be construed in the s/nptttar or p/urat ~s the context nay
requ~re or a4nit.
Propsr doctinenta~y sta~s a• (SEAL) ~ R ~x
hsv~ been afl~xes~ to the • ~A~E 9W
mort9ape securtnp Lh~s a~OK 551 fr/
note.
(SEAL)
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