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~o ~taue and to ~otd 1~~~ snnu~, fo~~i•1~~iv toif~~ 1~~e fe~tentenls, ~~wet~it~Renla uru~ appurtr
~ ~~an~•~~s Ilu~mto ~~~•~wu~iru~. ~ui~l f~~e rr~tls, essei~x anr~ pro~ils I~iNrwuj. w?!o f~ip mort{~agest ~PP simp~e.
~n~ Ihr morfg~qur cu~~rn~nls u~il{i 1{i~ mortf~af~e~ Ih~t Ihe mortga~or is inc~e(rusib~y seize~ o( sai~
i' lan~l in /c~~ simp~i~: tliul Ilic morf4~uc~or hns goo~l ri~tif anc~ lau~ju~ aufliority to conaey saicl tand as o(o~e-
~i sai~l: thut ~lie morlc~ac~or ~ril! ma~e such Jurlh~r assurnnc~s to perfect the fee simple litle ro said land in t1~e
hlOttqAt~PP as may rrnsonal~ly ?~e reyttirc~tl; thnt tl~~ morlga~or I~ereby fu~1y u~arrants tlte tit~e to said land
ij anc~ ioi~~ c~e~vn~~ tj~e sam~ a,yainsf t~i~ ~~wju~ claims o~ aIl persons w~omsoet~er; antl ftiat saFcj ~antj is ~ree
~ an~~ ~•~~ar o( a~l encumE?ranccs except taxes accruinq subsequent tQ December :
f 31. 1972.
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~rou~ded ~llways, l~i~l i~ saic~ morlyagor s~~a~~ pay unto saie~ morlgagee t{~e certni?t promis-
i sorv note ~~r?ei?taff~r sul~ctR?etint~v t-oni~~l nr irlvnti~lB~. ~A•U7~I= ~
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~ 20, 000. 00 Fort Pierce, Florida ~t~~= L~ 19~_t ~ ~
F'OR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
FLORIUA SANR AT P'ORT FIER~CE, a Florida banking corporation,
s------------------- ------------------DOLLARS,
---~os ee BOx 3469, Fort Pierce, Florida 334 0 _ or such other place as
at
the holder hereof may dssignate in ~vriting, together with ' tere~r'from te at the rate of nine (9!)
per centum per anr~n,~~~Y~paid balance until maturity. The said rincipal and interest shall be
cliie and payable
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Nine ( 9) semi-annual paysnent~ shal~ be made in the anmount of
$1,537.53 each}~~c'~bq interes* at e rate of nine (98) per cent~
with a BALLOON PAYMENT of $1~y113 32, plus interest at the rate
of nine (9~) per cent, to be p?q ble five (5) yeare fs~o~a ths
date of execution of this note ~d a+~rtqaqa. Tha Pi=st pay~nt
ahall be n~ade on the day of April, 1l74.
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' (Star~ps atfixed; to original note)
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' If default be made for 3~ days in the payment of any installment of principal or interest or
~ ~iny 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 ,vent of subsequent default. After maturity both principal and accur-
; ed interest shall bear interest at per centum per annum until paid. The makers and endorsers
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 attorney for collection, the makers and endorsers hereof agree to pay
i all costs of collection, including all court eosts and reasonable attorney fees.
s/ William E. Phares ~SEAL)
_ _ (SEAL)
_ E04K ~~9 PAGE~O~J ~
" (SEAL)
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