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~o ~taue nnd to ~otd ~/~e sam~~. I~xjrf~ier u~i1R I~e fen~mpn?s. l~ereditamrnls and appurtr
I nant-es t~~P~efo ~,F~onqing, an~ I~P ?rnfs. issues ancj pro~ils 1{~vreo~. ~u?!o I~p mo?Ipngee. in ~ee simple.
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I ~n~ ihe mor~yagor covenants witl~ thp mo~tgagPe that llee ntorfgagor is inde~easi6ly seized o~ said
fi jnn~ in fep simpje; fhat fhe morfgago~ {eas good rig{~I an~ ~au~~u~ aufhorily fo conoey sui~ ~nn~ at aJore-
?j sai~; ~~af fhe r?tortgagot u~il~ mQ~e such ~urfher ossurances to pe~f
ecl Itie ~ee sirr~p~e lit~e to sait~ ~onc~ in fhe
mort~~agPe os moy reosonobly be required: lkat the mo~tgagor here6y ~ully warrnnts the title 1o said land
I e~d u~ill dejend the same a~ainst tl~e lnwjul claims o~ nll persons whomsoever; and ll~at said land ia jree
and clear o/ all encumbrances exceptinq taxes for the year 1972= but, subject to the
aforesaid terms, covenants, agreements, obligations and provisions of said
Declaration of Condominium which Mortgagor in all things does covenant to
Mortgagee faithfully to observe and perform;
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~rou~ded ~lways, t~nl i~ said mortgagor shal~ pay unlo said morfgagee f~e certnin promit-
' sory nate hereina(ter substnntially copied or identi~i¢d, to-wil:
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~ g 2, 0 0 0. 0 0 Stuart, Florida, , 19 '
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` value reeeived, t, we, or either of ns jointly a~d severally promise to pay in lawf~l money of the United States of
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~ America to the order of FIRST NATIONAI BANK AND TRUST COMPANY OF STUART at its office in ihis city the princ+pal
~ sum of iW0 THOUSAND AND N01100----------------------------------------_pollars
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~ together wirh ~nteresr from date at th~ ran oi 8 per cent~m per annum on the ~np+id bslsnce until paid, said printipa! ~nd inftraf to b~ pay~bl~ as
~ FORTY AND 56 100-
, y
follow:: In monthly inirallm~nta of - , - - . (i__4.Q.,-~-~L----__ inciudin~ int~nst, on tM
t
~ - - _ . day of e~ch month beg~nn~ng on tM . . d~y of • 19__.._.~.
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; •nd cont~ouinfl on ths d~y of e~ch and evay mon~h ti»reafier until the _ d~y of
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i 19 , on which taid d~te the entire bsl~nce of principa! and int~rest tben unpaid shall become dw and pay~ble. E~ch p~ymtrtt is to be applied
~ f~rsr ~o in:erest and the balance to principal. In case s+id insuilmenti, w any of them, are no~ paid wi~h;n 15 d~ys after the sams b~come dus, tF+~ whol~
~ of said pri~c7pa~ and interesr :um shall foathwith become due ~nd p~yab{e at the optio~ of ~hs Falder of this not~.
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~ g y paymenr, notics of non-payment, protest ~nd
~ We, the makers, sureties, endorsers and uar~~tor~ of this note, hereby sever~li waive p~esentment for
~ notice of protest, u~d d~ligence of brirrying svit ayaimt any party tMr~to, ~nd conunt th~t tim~ of p+yment may be ext~nd~d withovt notic~ thereof to
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~ any Of the sutef~es of tbis noi~.
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~ Now, shouid it be necessuy to colfect this nore th.ough an artorney, each of vs, whe~her maker, swety a endon~r on this not~, F~e~eby ayr~e to pay
, atl costs of sa~d co±Jettion, ;ncludinp a rea~able stton?ey'• fee.
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~ Sa~d bank is hereby expressly avthoriz~d to ret~in any yen~~al a speciel deposft, collate~al, ~eai or perso~sl secunty, or the proceeds thereof, belonp-
; ~ng ro Qither o~ us, now or htreafter in the possession of it during th~ tim~ this ~o~e rem~ins u~paid, ~nd befw~ a aft~r maturity hereof may ~pply tM
~ sam~ to th~s or any other d~bt or li~b~litiN of ~ither of ut to s~id bank, dw or to becom~ du~. Giw~ u~der th~ Mnd u?d s~~l of taci+ puty.
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+ P. O X L„ ~G` ` _ _ (Seal)
; Lawrence P. Skates
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' No. Due Seal)
~ ~,m,~ Marc . Skates ~
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EOkR~1O PACE2c)~
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