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1' ~'o ~iaue and to ~iotd fhe same. together wif~ Ihs fenements. ~ier~itamenls anc~ apPurte-
I nances fhprefo ~e~on~in~. anc~ II~p renfs. iasues ana pro~ils fhereo~. unto Ihe mortgagee, in ~ee simp~e.
1he morlgago~ covenanls wilh tha mo?tgngee that fhe mortgngor Is inde~eatibly seized o~ aaid
land in /ee simple: Ihat the mortgagor has good rigl~t and law~ul authority to co~~ey ~atd Innd as a~oro-
said: tF~a! ~I~e ?r.o•t~agor will muke such )urther assu?ances to perject the jee simple title to said Innd~in~t ~
mort~agee as may reosona6ly be requi?ec~: that t{~e moHgagor i~e.~by fu~~y wnnanta ihe tit~e to sai
and u~ill dejend the same agninsf the law~ul claims of all penons whomsoever: and that aaid Iand i: f
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~ nces xce t taxes for the year 1973; but, subject to the
and clear o/ a11 encum6ra ~ e p~19
aforesaid tern?s, covenants, agreements, obligations and provisions of said
Declaration of Condaninium, which Mortgaqor i.n all things does covenant to
Mortgaqee faithfully to observe and perform;
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i ~ ee t1~e certoin prornis- ~
;t ~rou~ded ~twnys~ that if said mortgngo~ sl?nll pay unto saic~ r+'wrtga9 ~
! sory note hereina~ter substanfin~~y copied o~ idenli~iec~. to-wit: - -
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j,~T200. 00 _ Stuart, Florida Augus t 24 ~ 19 ~
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For value reoeived, 1, we, or either of us iomtly and severally promise to pay in lawful money of the United States of -
America to ihe order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principal
sum of FOUR THOUSAND TWO HUNDRED AND NO 100--------------------------_,po~lars i.
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t~oyHlNr with im~?~tt hom d~te ~t th~ rah of per oentvm pa annum on th~ unpaid balanu until psid. uid p~incipal and ir+terest ro b~ pay~bl~ ~s
i~ ~w~+rh~y ~s~a~~~n of _EIC:KTY-F~YE...~A1~1D _.~7.1~..0Q-- n----$ 5 ..17--- ~ ~~„a~ ~~t~.~.t, ~
30th. - a.~, ~ e~d, ~~h ~~M,;~ ra. _.30 th a.y of Novembe r ? 3
, - • - • 19__~_ ,
` October :
~ ~nd continvtnp on tM ....3~~1 _c, uf e~ch ~nd ~wry month thereaR~r vntil the 3O~'1. . day of
~ 19._.._7_'g, on whicfi said dste rF~e emire b~lance of prinap+l and interest then unpaid shall becwne dw and psyabta Euh payment is ~o be spplied
~ first to interes? snd the balanoe to principsl. 1~ case s+id insta4lments, w~ny of them, are not paid wi+fiin 15 days after the ssrtM become due, tM wFwl~
~ of said principal ~nd Interest sum slull fwthwith become due and pay+ble it the oprion of the holder of this note.
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~ We, the makers, sureties, endorsen and gvarantws of this note, hereby severally waive presentment for payment, notice of non-payment, protest and
~ ratic~ of potest, u~d d~ligence of brinying suit a~~inst ~ny pa~ry ther~ro, snd consent that tems of payme~t msy be extended w~thow nouce thereof to
~ any of ths svretKS of this not~.
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3 Now, should it be necessary to oollect thn nore tFvo~gh ~n sttomey, each of us, whether maker, surety a cndorser on th~s note, hereby sgree to p~y
~ ~11 coari of s~id colkdion, inclvdinp a roasonab4 attwney's fee.
~ S~id bank it hareby expressly avthoriud to rotain ~ny gener~t o~ speci~l depos~t, collateral, reai or personal sewrity, or the proceeds thereof, belonp-
~ inp to tither of us, ~ww w hereaher in 1M posteuion of it during th~ time this ~ote remains unpaid, and befo~e u after maturity hereo4 may ~pply ehs
t~~ 1o this w ~ny otMr dtbt or liabilitie~ of ~ith~r of us w s~id bank, dw or to become due. G~ven unde? the hand and seal oi e+ch party.
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~ pacumenta.ry $tamGS `
Stiixed e;~;r'~a! sote ) ~ ~ , _
- P. O ar;a ca~~•;:~~ ~ .G~''~,' s F- --=J-- " (Seal) .
~u Marvin O. MacNaught ~
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~ No Due ~~L~ )
; ~o~ ~qu ly G . MacNaught
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