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~Q ~ W ~1Y - t~~ame, togethK wifh Itio t~nsrnents, tie?~~tom~nls und appcufs-
nancrs IhPMIO ~longing. anc~ f~e rents. issue~s nnd pro~ifs thereo~. unto Itie ~no?igag~s. In le~ ~i~p~e.
• ~ tl~e'nio?tgagor rnvennnts with tke mortgagi~ Itiat f~t nwrtgagor is indsj~mt6ly soiu~ u( sald
Iand i~ /es simple; that _l~~ mo~t9agor hat good dgl~t aRd law~ul ~~iko.~ey ~o rnnney :ald Iand as a/on-
~ anid: t/~af f~e mortgagor wi« ma~e sucti furf~er assurances fo pe.~~cf th~ j~ stn~ple fitjs to sat~ ~a~d in th~
mortgagee as moy reasona6ly be ?equirecl; t{~at tke ~nortAagor h~reby ~u~~y u:arrnnts fhe tif~e to satd ~and
~ and u~tU dejend thP snms ngainst th~ InwJul claims o~ aU penon~ wl~omaoev~: a~d thut said Iand is jn~
and clear o( alI e~cumbr~nnce~a
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: ~~3~ f~nt i~ said moNgagor tha~~ paY unto said nwrtgngee ths certntn prom4- I
i sory ~ofe ~ereina~fer substantin~ly rnpied a~ ic~entif
ied. to-wtt: , .
INSTALLMENT_ NOTE
s , i.,.~ d , 19~.~
e~ next after date~-promise to pay to the order of
ltil~ii ~A~~
LLARS
ac 201 N. Ocean Blvd. Apt. 305~ PomBano Rparh~ FZorida _
iOR ~'ALUE RECEIVED, ~~ith interest from at the rate of~_per cent per
annum until paid, pay able f ive ye 8r ~1' 10d :
g8,000.00 plus intereat at the rate o! 6x per ~n~ an the uApiia 5alance;
j oa ar b~far~ Ju~e e•1972~
k $S,U00.00 plus intere~t at the rate o~ 6~ per annum aa the vnp~sid balaACe;
~ an or b~fote 3~une d.1973;
$8,000.00 plw int~re~t at the ~ate o! 6x per annus on the unpaid balance;
on ar b~far~ Jvan~ ~1974;
$a.000.00 plus interest at the rate of 6x p~c aiua~m oa the unpaid balarce;
at or b~for~ Juae a s1975; a~
$B,~OU.00 plw intereat at the ratt of 6x per anrna~ oo the vapaid balanc~;
an or before June ~•1976.
DEFtCt'L~In case said installments or any of them are~ot p~id within~-da~•s aEter the same bec.~ome due
the ~rhole oE said principal sum shall fotihwith liecome due and payablc at the option of the holder of this note.
Deferred interest pay-ments to bear interest from maturity at~-per cent per annum, payable on demaad.
Pa~~ments shall be applied ~rst to interest and balance to principal and interest shall be calculated on the balance
remaining from tim~ to time unpaid.
~ In the event this note is placed in ihe hands of an attorney for collecti~n or in case thc hQlder shall become a parh•
eith~r as pl:untiH or as defenciant in any s~it or I~gal procec~cling in reiaNon to the propert}• described or the lien
~ rreatecl in said morifia~e, or for the rern~-er} or protectian of said indebtedness, the maker hereof N~ll repay on ;
demand all costr ancl expense arising ti~erefrom, inchidinG re:~snnable attorney's fees, with interest thereon at the :
rate of ten per cent per annum until paid.
The makers, indorscrs and guarantors hereof and all o*.hers ~vh~ may bec~mc liable for all or any part of this
- obligation severally ~~•aive presentment for payment, protest, and notice of pmtest and a~f non ;na}~ment, and
c~onsent to an~• number of renewals or extensions of time of pa~-ment he:cof. Am• such rene~+als or extensions may
be made «-ithout notice to any of said parties and without a{~ecting thcir liability.
1'his note ia eecured by a lst
~ortgage aa phrop~rt~ i~ St. Lucie
Count~. ~lorida~ sore partiaul~rly
' descsibed in the ~wrtgese itselg.
i
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" ' ' . ~ 7C~~ '
~ ~ ~ Otto Q. Xlein
d00M _ _ ( Seal l
~ L~~ta T~.-~Ie~-
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