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~ ' 1{~er u~ifh fhe fenemenf~, her~Iitamenla ancr oppu?fr-
~ ~o ~taue and to ~iold Sa~p.
I nances Iherelo ~~~onginry, anc~ l~ce ~enis, issues anc~ pro~ifs thereo~. u~fo Ihe mo?Igages. in ~ee simp e.
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~ die mort~ayor coae:~anls with the mortgngee that !he mortgago~ is incleJ~t6ly seized oJ said
~ Innd in (ee simple: lhat Ihe morlgagor hns good right and lawf ul autkority to rnnvey said land as a)ore-
saia: rha~ thp mortflagor ivi« mnke such ~urf~er assurances fo per~pct !he (ee stmple fltle to said Ia??~ tn the
lI mort,ya9ee as m~y reasonably be required: that !he mortgagor here6y jully warrants ihe title to said (and
~i and u~ill dejend the same agai?ut Ihe lau~(ul claims o~ all persoru whomsoever: and Ihat said land is ~ree
~ and clear of all encum6rances~ excepting taxes for the year 19T3; but, subject to the
aforesaid terms, covenants, agreements, obligations and provisions of said De-
- claration of Condominium which Mortgagor in all things does covenant to Mortgagee
faithfully to observe and perform; _
ii
'4
~
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~~QV(~ ~!((~ays~ that iJ said mortgagor shall pay unto suid ~nortgngee t e certain prom -
` sory nofe kereinaf ter su6stantiu~ly copied or identi~ied. fo-wit:
~
$~~~0~.~~ ~ '
s Stuart, Florida ~ ~ 3' ~
For value ~eoeived, I, we, or either of us jo~ntly and severally promise to pay in lawful money of the United States of
America to the orde~ of FIRST NA7lONAl BANK AND TRUST CAMPANY OF STUART at ifs office in this city the principal
. . . . . . . -
sum of EIGHT TNOUSAND AND NO/100.__ . . . • • - ~____-___Dollars
~ top~tl~tr wifh inhnsl hom dat~ d th~ wM of p~r cenwm per annwn on the ~rnpaid balance until psid, s~id principal ~nd interest to b~ psyabl~ q
i
~ ~
~ iollow~: In ~nonthly u~staUmenrs of _ONE__.HUN.DRED---SIXT~-TWO___&_.22/-1Q.Q__ et__..162..22._.~ t~va~~ ~nterest, on tM :
- - =3Ot'h day of esch ~~h ~ ri,~ . _30th a,y of . . ~v~_3._ `
;
= snd continufnp on tM ~~~'1. day of each snd ~very month then~her umil the _~0~1 - dsy of _~r-------------------__.. , .
a
~ -
a
19....7.$ , on which taid d~fe the entire bel+nce of pri~c7pal and interes~ ihe~ ~npaid sl+all becort+e dve and paysbte. Each p~yment is to be apptied
~ fin~ ro interest and tl+e balance to principal. In cast s+Id installmenq, or ~ny of them, are not ps~d within 15 days efter the same become due, t~ whol~
~ of uid principal ~nd i~terest swn ~h~tl forthwith become dw ~nd payabk +t tFm option of the holder of th~s note.
~ We, the maken, iwetie~, endo.sen u+d gwr~nton of thii note, hereby sever~lly waive p.esentment fo. payment, notice of ~on-payme~t, protess u+d
~ nofice of protest, and diligence of brirqirg suit ap~'wat any party th~nto, and conse~l that tim~ of payment m~y be eatended w~thout notice thercof to
~ sny of the swtt~ss of this r+ot~.
~ Now, should it be necessary to collect this note through ~n ~tlaney, each of vs, whether maker, surety or endorser on this note, hereby agree to pay
~11 coah of s~id colleuion, inctudinp • reaw~abk ~tto~ney's fse.
Sald Mnk b Iw?eby ~xp~essly ~vthorized to retain ~ny y~ntr~l a tpecial depos~t, colla~erol, real or personal sewrity, or the proceeds thereof, belong-
inp io ~ither of us, ~ow w hereah~r in tht posse~fion of it durir~ th~ tin» this note remains unpsid, and befo~e w after maturity hereof may apply tM
~ ~~me to this or a~y other debt or li~biliti~s o( ~ither of vs to said bank, dw or to become due. Given under the hand and seal of each party.
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pocumentary S=a~'4s
~ ~Ffixed on@.~nat ro!e •
P. O and cancr.ied (Seal)
~
_ ~ ROBERT O. SMITH
I ~
No Due c. _ - ~ y (Seal)
~ JEAN F. SMITH
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