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the other, IT IS MUTUALLY UNDERS7'OOD AND AGREED AS FOLLOWS:
1. For value received, CAUSEWAY TRAILER COURT, INC., pro-
mises to pay to the order of FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF FOR~ PIERCE at its office in Fort Pierce, Florida,
the sum of $100, 341.10 with interest after date, at the rate of seven
per cent per annum in monthly installments as follows: ~900.00 on the
tenth day of May,` 1968, and a like sum on the corresponding day of each
month thereafter until the whole sum named, with interest, be fully paid.
Each installment when received shall first be applied in paymeni. of the
interest on the unpaid balance then due, and the balance remaining of such
installment shall be applied in reduction of the principal sum. If default
is made in the payment of any installment when due, and such default con-
tinues thirty (30) days, then at the option of the owner and holder hereof,
and without any other notice, all the remaining indebtedness shall be due
and payable at once. CAUSEWAY shall have the right to pre~ay this debt
in whole or in part at any time without penalty. Neither forbearance nor
acoeptance by the owner and holder hereof after any default in any payments
due hereunder, shall be deemed an e~rtension or waiver. A late payment
charge of Forty-five Dollars ($45.00) shall be added to each installment
remaining unpaid seven days after its due date, and a like sum shall be
added to each such installment remaining unpaid seven days after each
succeeding payment date.
2. The liens of the three mortgages hereinbefore respectively
identified shall be , and the same are hereby, consolidated and merged
into a single mortgage lien and by way of reaffirmation of the same, CAUSE-
WAY does hereby mortgage and warrant to ASSOCIATION all of the real
property hereinbefore specifically described.
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