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~0 I~AVt ~ W 1W~ I~e aame, togefhvr u,ith fhs tenemenft, horo~ifame~ti and appuils-
nances l~erefo be?(onging, and tl~e rents, issues anc~ pro(if~ fhereo`, unto fh~ nlortgag~ tit js~'sinipls.
iL1iU fhe mo~tgagor cove~ants with 1he martgagee lhat 11~v ~~ortgaAor b ind%att6ly aelzed o~ aat~
lond tn /ee simple: tl~at the rriortgaeor has eood rteh! and lawjul nutF?oritr to eonver sntd la.~d as ajoro-
said: that the neortgQgor wlll ma~e such jurtke~ assuraneea fo pe~~cf !/~s j~e itmpl~ 1itle to iatd Ia?td in the _
~norfyagee aa muy reasonnb~y be requi?~ed: that t~~ mortgogor 1?.n6y Ju~~y warranta the titjs to ,oid Ia.~d
and will dejend ~I?e sane agnirut tl?e IawJul clatnu oJ aU persona whomso~uer: nnd that ,atd [a.~d, ts (ree
and cl~ oi nil encu~6mnces, EXCEPT that eertain mortgage from E. E. Hughes, ~
Trustee, to Sun Bank of Ft. Pierce,_dated November 30, 1973, in an
original principal amount of $50,000.00.~- '
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~Ul~ll ~~s~ that ff said rnortgagor iha~~ pay unto safd moMgagse fhe certain pro~it-
sory note hereirtn~te~ subse~t~al[y copied o~ Iclenti~ied. to-w~t:
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~~S,__21 ~000 . 00 TEQUESTA, Florida NOVembe=__ 30- 1973---`
FOR VALUE RECEIVED, the undersigned, jointly and severally, PROMISE TO PAY to the order of~_
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-----------------Twe~,t-~-o c~ ThoL~and 1 ,A,II.~IIII) - - QOLLARS,
at ~ Post Off?e~_Bax~ 65,~, t~ r„#;~ Flor;~3.a ~3e,~,94 __~or such other place as th8 holder
hereof may designate in wriNng, together with interest from date at the rate of ~?.~.t~ ~ per centum per annum on the
unpaid balance until maturity. ihe saici principal and interest shall be due and payable as follows:
The principal shall be payable in five (5) equal annual
installments, in the amount of Four Thousand Two Hundred
($4,20Q.04) Dollars each, the first such installment being
; due one (1) year from the date hereof, and subsequent
installments on the same day of each year thereafter. Inter-
: est on principal from ti.me to time outstanding shall be pay-
able annually, beginning one year from the date hereof, and ~
on the same day of each year thereafter until the entire
principal amount, together with interest thereon, has been
repaid in full. This note may be prepaid at any time with-
~ out penalty.
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~ : If defsulf b~ ms•f~ fa dsys in tl+~ psym~nt of aery insql4e»nt oI princ:pd w inhrest o~ any prt thenof. 11r whol~ swn dNn r~msininp unpsid
~ +,~~h imerest shall at holdK's opt~ becan~ dve ~nd psyabte withocrt rwtiu, hilun to ~,crtist seul~ option sbsl cautitufe ~ w~iwr of th~ riphl to ~xKCis~ th~ wmt in
E ..^e e•.ent of s~bseyuent defaul?. AfiN en~Minr botfi prindp~l ~nd ~arwd in~ereat ahalt bear inrerest ~t pe? cennwo per snnwn until psid- The m~k~.s and
i . e` dorsera of this no!~ funhN wsiw d~m~ne~, ratiee of rw~n-parmewt arr/ protest. If fhis nob is not psid st m~turity and tM sa~n~ is p{~cd with an ~trorn~y for eolbction,
i ~.e mak~n and endonrs her~of ayrN to wY all oos1~ of eoll~ctiae~, iedud'wq ~C court oosts and reasonabb ~nor~ey ises.
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/s/Frederick H. Ri t r _ _~SEq~~
Fre eric H. Ritter, Trustee
~ Attest: ~__(SEAL) `j
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l~f~IJ~Nf~1~tJ~1~1:I~. f. S~~~fV~IJV'GIYY'Y`I~I^~N~I~~~'V~I:I~JJfJ~f~~'~i~IVJ~lfIfJ~1J~JlJ:I'J'^1sV'wCyR !
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