HomeMy WebLinkAbout1215 . ' t
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~ ~a ~iaue and to ~iold same, fogef~~er wif~~ Ihe fenPmenfs, herec~ifampnla an~~ qppu?Ir I
'i nonrrs fhPreto f?P~un~~ing, an~~ f~~e rents, issues ancl proJifs 1~~~reo~, unto I~ie morlgag~, in fPp simp~p. ~
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i) ~nd 11~e mo?t~a~~or cpnenartfs u~~~h ~hp mo~l~a~ee Il~at the mortg~go~ is indeJeasi6~y seizetl o/ said
j~ ~aru~ in ~~•e simp~P: t{IqI I~IP morl~agor has goo~ ?ig{~! am~ ~aw~u~ aulhorily lo convey saicj lan~• as a~ore-
saic~; 111AI IIIP morf{~a~or u~i(~ make suc% ~urther assur4nces fo per~ecf 1{~e fee simple tif~e to said lancl in fhe
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mort~a~re as may ~easona~Iy be requirec~: t1~a1 t~e mortgagor tiereby ~ufly warranfs fhe fit~? lo :aid lond ;
! an~( u'il~ d~'~i'nd fl~e same against the Iau~(u1 claims oj a11 persons u~bomsorver; and ?hot sa~d !a?~d is fres
; a?~d c!~•ar o~ nIl enc~~mbroncps EXCF.PT those taxes accuring subsequent to Decetaber 31st,
1973.
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; ~rou~ded ~tways, f{~af i( saic~ mortgagor sl?alI pay unto saic~ mortgngee the certain promis- ~ +
~i sory nofP IIPIPIRAfIpr sutisfantia~~y copie~ or identifiec~, to-wit: ~ ~
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January 28, 1974
2.925.00 Fort.Pierce, Florida, ~q~~
FOP. V.1LCF. RECEIVED the undersi~ned promises to pay to the order of G. ALBEP.T Bt00DW(1RTH
and G. ER:I~ST BI.OODt~)ORTH, as Trustees under Trust Agreement dated July 23rd, 1957, recorded
in Deed Boo~: 230 at pa~e 480 of the Public Reeords of St. Lucie County, Flori~a.
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the principal sum of TWO THOUSAND ~ NINE HUNDRED ~ TWEb'TY-FIVE~ Dollars 2, 925.00------)
to~ethet with interest thereon from date, at the rate of 8 per cent, semi-annually
until maturity, said interest being payable Ser.?i-annually on the lst ~ay of August 1974
and the lst day of February,1975 and semi-annually thereafter; both principal and interest
bein~ payable in lawful r.~oney of the llnited States or its equivalent, at Cherokee Products
Company, Haddock, GEORGIA 31033said principal sum to be payable on the dates and in the
amounts snecified below, to-wit: . .
Payable in Five(5) successive equal semi-annual installments of S 585.00 each, plus interest
on the unpaid balance. First pa~rment due six (6) months from date anc~ serni-annually there-
after, until said principal sum and interest ~iue thereon are fully paid. The makers reserve
the right to prepay same in whole or in part at any tir~e, hithout penalty.
Each ~a~:er and endorser severally waives de~and, protest and notice of maturity, non-
oaya:ent or protest and alZ requirements necessary to hoZd each of t~ein liable as r~aker and
eadorsers.
Fach r.;aker and endorser further aRrees, jointly and severally, to.pay all costs of col-
lection, includinR a reasonable attorney's fee in case the principal of this note or any
payc~ent on the principal or any interest thereon is not paid at the respective maturity thereof,
or in case it becomes necessary to protect the security hereof, whether suit be brou~ht or
not.
This note ~ de£erred interest payr.~ents shall bear interest at the rate of 8 7, pez cent, ~
semi-annually from maturity until paid.
Tilis note is secured by a r~ortgage of even date herewith and is to be con- 4
strued and enforced accordin~ to the laws of the State of Florida; upon default in the payment
of priacipal and/or interest due on any note secured by said Mortga~e, , notes so secured
and iriin~ unpaid shall forthwith become due ~ payabl~ notwith ~ndi R their tenure.
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Ra ert S. Porte
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