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~o ~ue and to ~loid f~~e same, together with fhe tenemenfs, he~editamenls and appurfe- i
nances I~~~rrfo ~,e~onc~ing. n~ic~ l~~e ~ents, issues anc~ pw~ils Ihereo~. iinfo Ihe mwtgagee, iR jee simp~e.
the mort~agur c•ovpnanls wit{~ the mortgagee Ihat the mortgagor is inde/ewi6ly seized o) said
land in Jee simple: tl~at ff~e mo~lgagor has good right and luw(ul aulhorily to convey sa~d l~d as a~ors-
said: Ihal tl~e morfgagor u~ill malre such /urther assumnces !o per(ect the fee simple title to snid land in the
mortgagee as may reasona6ly 6e required ; lhat If~e morlgagor here6y jully wananta t{~a ti1le to said Iand
and u.~ill dejend the snme against the lau~(ul claims o~ all persons wl~omsoever; and tl~u! snid Innd 'u /ree
and clear oJ all enrumbmnces
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: ~rou~ded ~tways, thnt iJ said mortgagor shall pay unto said mortgagee the certain promis-
i sory note I~ereina~fer su~stnntia~~y copie~ or idenli~iec~, fo-wif :
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~ $ 18,000.00 Fort Pierce. Florida March 10 19~_
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FOR VALUE RECEIVED. the undersigned. jointly and severally, promise to pay to the order of
DR~M, INC., a Florida corporation
Eiqhteen Thousand and 00/100ths--------------------------------- DOLLARS,
at FI.ORIDA BANK AT FORT PIERCE or such other place as
the holder hereof may designate in wi~iting, together with interest from date at the rate of
per centum per annum. on the unpaid balance until maturity. The said principal and interest shall be
due and payable as fOllo~ts: ~
i In quartarly annual installments of ~1,500.00, plus intere~t at 7~t
on the unpaid balance. The firat installment shall be due on
June 10, 1972, and a like sum on th~ corresponding day of each
like succeedinq psriod thereaft~r until the `+hole bs fully paid.
Purchaser rasQrves the right to prepay any or all amounts du~ on
said mortgage or note at any time withaut penalty.
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If default be made for 60 days in the payment of any installment of principal or interest or
any part thereof, the whole sum then remaining unpaid with interest shall at holder's option become
due and payable without notice. Failure to exercise such option shall not constitute a waiver of the
right to exercise the same in the event of subsequent default. After maturity both principal and accur-
ed interest shall bear interest at per centum per annum until paid. The makers and endorsera
of this note further waive demand, notice of non-payment and protest. If this note is not paid at matur-
ity and the same is placed with an sttorney for collection, the makers and endorsers hereof agree to pay
all costs of collection, inclnding all court costa and reasonable attarney fees.
' ~ (SEAL)
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BOOK~OQ PA~1061
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