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'~0 ~6• ,o~., top~eh~r wltk tIN t~Rb. h~nditeMMb snd aPP~~- ~
anci ~h. n~a, r.,w. a?~d w~ot~a ~?~«~.ol. anb ~h. n~wfww«. ~n 1« ,~n~pb:
eano~s t1~~lo b~~~inq. 1
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Satd !~d in ~h.
soid: t6at tlu mortgaeor u?tU ma~~ such ~ thae tl~e n~ortgoeo+' l~nby f~Ur wo~.~na ~h• utl. to ,oid lo?~?d :
mo.e9oAe. a+ n+ay reoso~bir 6..«tut~dc ns whomso~oK: and that aotd lau?d ta j?r~
~ and u~tU d~j~nd th~ aan~ agatnat the law~ul claima o~ all ptno
and clear of all ~ncumbrance~
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~~5~ t,iat tj sald ~wortgegor Pa7? ~nto antd wwirepop~t t~ o~tatn p+~aRi~-
iory note he?einajter subslontiaUY = oopisd or ~ td~nH/l~d. !o-wfl: , . :
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=9, 910. 00 Fort Pierce, F1Qrida. February 15, 1965.
For value received, I, we or either of us, promise to pay, without defalcatioa,
t to the order of JAMES M. CANNON at St. Lucie County Bank ia Fort Pierce, Florida.'
~ the sum of Nine Thousand Nine Hundred Tea and no/100 Doltare with interest from date -
' ~ : at the rate of 6~i per aanum, ia monthiy instaiiments se fotiows: ~100. 00 on the 15th
" j day of March, 1965, and a like sum on ihe ctirrespoading day of each succeeding moath
thereafter untii the whole be iuily paid. Provided bowever, the monthiy payment due
j hereunder ahalt be reduced by the sum oi ;18. 00 per month aad the further sum of
; ~10. 00 per xaoath for so toag a period of time as is required to amortize by such
a monthiy paynaeats two certain mortgage debts owed by payee aad assumed by makers
~ to Firet Federat Saviags a4d Loan Association of Fort Pierce in the present amounts
+ - of ~1019. 87 and =448. 82 respectivety, with interest on the unpaid batances at 6. 6y6
~ per annum, which paymeots are due on the 5th day of each month. This ~promissory
~ aoYe is executed for the purpose of evidencing the bataace due oa the purchase price
` + of the real property described ia the mortgage deed securing the paymeat hereof;
~ and aiakera agree that the entire purchase price of said reat property, inctuding the _
~ aseumed mortgage iedebtedne8aes, shalt be payabie ia a monthiy instatiment of .
~ ~ a100.00. which monthty i~staliment shaii coatinue untit ait of the indebtedaesses;
j ~ including this note, are paid in fuil. ~
F ~ : Each payment when received on account of the indebtednese evidenced hereby,
~ ~ eball first be applied ia payment of tbe interest and thea oa the uapaid balance of the , ,
f , principai sum. If default is made in the payment of any sum when due, whether on ,
~ - thia note or the notes taking priority hereto, thea at the option of the holder, and ~
~ ; without aay other notice, the remaining balance hereof ehalt be due and payable at -
~ + once. This aote may be prepaid in whole or ia part at any time. Neither forbearance, _ !
~ ~ nor acceptaace by the hoider hereof after any defauit in payment hereon, shall be
~ ; ~ deemed an extensioa. - .
~ ~ Each maker, surity aad endoreer hereof, jointty aad seversily, waive~ de- • '
~ ! mand, pre~~atment proteat and aotice oi proteat for aoapayment and further agrees . ~
; , to any exteasion of time of payoneat, either before or a~ter maturity, without notice ~ ;
; to a~y of us; aad to pay ail costs of coilectioa, including a reasoaabte attoraey's fee ~ ;
in the event oi aoy default hereuader, and hereby severaliy waives ait beaefit of ~ ;
~ homestead aad exemptioa under the constitution and laws of each State of the United .
~ ~ States, as agaiost thia obiigation or a~y exteasion or reaewai hereof. ~ ~
_ Witness the haAd and seal of each party.' ~
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; : - . - /S/ J+OI~i B. Hi)GHES (SEAL) ' ~
} . . ~ /g~ MARY J. HUGI~S (SEAL) ~
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