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~ ~0 ~LiWt ~ W TW~ I~ie same, togsther wflh the tenemtntt, hfreditaetentt and appurfs- ~
nances lhereto be~onging, und the renfs, issues and pro(1b !he?co~, unto !h~ n~u?tgagN, in ~e~ sinepje.
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~ fhe mortgugor covenanb wtf~ I~e nwrtgagee lhal tjee mortqupor ta indt/ewt6ly seised o~ said
janc~ in (ee simple; lhnt the moNgagor hat goo~ rtg~t and ~aw~u~ auihaitr fo conwp said • ~and as a~o~t-
said: rh4e rhe mo~tgagor wlI! ~nake ~uch /urehar assur~ancsa to perfect tke l~t ai~nple til~ fo said Iand ~n tke
mortgagee aa neay reaaona6ly be requtred: that the n~ortgagor h~re6y /uU~ warranb the ttlls to ~aid land
nnd will d%nd the snme agatnst the IawJul clat~ns o~ all penont whomsoever: and tl?at taid Iand . is f
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and clear o/ all encum6rnnces . ~
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~~s~ llwt i( said mortgagor ihaU pay ruato said nwrtgapee t~e certain promts-
sory nole /~ereina~te~ subsfantiajjy copiec~ or iclentt(isc~. fo-wtt:
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_50~ 000 . 00 TEQUESTA, Florida November, 30_ _ _ ~q73___Y
FOR VALUE RECEIVED, the undersigned, jointly and severally, PROMISE TO PAY to the order of
SUN B~'1NK OF FT PIERCF
-Fifty Thou,~and (S~5_0,, OQ4.OQj DOLtARS,
at _ Post Office Box 2I4$. Ft. Pierce. F1Qri~2_.~450____~or such other place as the holder
hereof may designate in writing, together .vith interest from date at the rate of _eigY~t per centum per annum on the
; unpaid balance untii maturity. The said principal and interest shall be due and payable as follows:
Principal shall be payable in five (5) equal arinual install-
, ments of Ten~Thousand ($10,000.00) Dollars each, beginning
; one (1) year from the date hereof and on the same day of
each year thereafter. Interest on the outstanding principal
' balance from time to time shall be payable annually on the
; same dates. This note may be prepaid in whole or in part at
t; any time without penalty.
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~ . If default b~ m+de for _3
~ diys in th~ paymen? of ary imtall~nnl o( princip~l or inls~cst w any psrt thereof, th~ whol~ sum then rem~ininp unp~id
; ,::;rh interest sha.l st ho(dwi option b~cpn~ dy~ snd pa;rabl~ wiH~ouf nptite. Faipx~ !o eze?cese suth opt;o~ shal}~r ~onsrihM ~ wa~ver of th~ riyhr 1o extrcis~ t!M suM in
~ ~ event of subsequant dehult. ANer msnx~~y bo~h p.u+c~PSt ,nd +arv.d inNrest sh~ll bea ~nmat at -._7 p~r ca+rum Pa. annum until p~id iiN makps and
; , c-dcners of this no» tunher waiw denw~d, rwtia of rwr~-paYmen~ and protsst. It ihis note h not psid ~t ma!wiy snd tM s~me'is p1~c~d with ~n ~ttooNy fw collaction,~
...e maksrs and e~~dwaKS hwwf •9.« ro par dl oosri of colledion, ineludny ~p eowf costs and raasonabl~ sttormy feet.
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; ; /s/ E . E . HuQhes _ ~5~~
~ E, E. Hughes ~
Astest: ~_.(SEALj ~
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