HomeMy WebLinkAbout1701 i! • ~ • i
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~o ~aue And to ~iold t~~e samP, fogel~~er u~il~~ I~~K fenemertfs, h~reditampnts an~~ uppu~fa ~
; r~a~r~~s f~~~reto ~~pjon4lia~r, an~~ 1{~~ rnnfs. issu~s anc~ prolils i~~N?eu~. unfo t{~p morfgagee. in jPP simp~r.
~in~ f~iP mo?f~ayur co~~enanfs u~ilti I~~e morfgage~ itia! ttie morlgagor is in~efeasib~y seizec~ o( said
lanrl in ft•~ sirnple; that ihe morlpagor I~as pood right nnd ~awful uut{~orily lo convey saic~ ~an~ as a~ore-
- snid: ~hat ~hP morf~~~go? u~ill ma~e such Juril~er assura+~ces to perjpct tl~e jee simple Iille to said ~and in the
morlga4~ee as mqy reasona6ly 6e ?equi~ed; lF~at tl~e mortgago~ Rereby (ully warrants tl~e tifle to said Iand
nnd ~ril[ d~(Nnd the samp against tI?e law~ul c~aims of o~t persons whomsoever: and t{~at saicl Iancl is ~res
aad cl~ar o/ ~f! Pn~umb.ancps gRCF.PT those taxes accuring subsequent to Decemb~r 31st
~i 1973 + ~
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; ~rovided ~lways, ihat if saic~ mortgagor sha~~ pay unto said mortgagee f~e cerfain promis- f
~ so nofF ~~ereina ler su stanlia ~
?Y ( h ~~y copiv~ or ic~enti`i~, to-u~if:
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$ 1,462.50 Fort Pierce, Florida,__ January_29th 1974
FOR VALUE RECEIVED the undersigned promises to pay to the order of G. ALBERT BLOOD~dORTH
and G. ERNEST BLOOD[20RTH, as Trustees under Trust Agreement dated July 23rd, 1957, recorded
in Deed Book 230 at paqe 480 of the Public Records of St. Lucie County, Florida.
the principal sum of ONE TEiOUSAND 6, FOUR gUNpRED SIXTY TWO ~ I3p 1pWollars($1.462.50 )
together with interest thereon from date, at the rate of 8 per cent, semi-annually
until maturity, said interest being payable Semi-annually on the ~th day of Au~ust. 197'4
and the 7th day of February, 1975and semi-annuallq thereafter; both principal and interest
bein~ payable in lawful money o t e United States or its equivalent, at Cherokee Products
Company, Haddock, Geort~ia 31033said principal sum to be payable on the dates and in the
amounts specified below, to~wit:
Payable in Five(S) successive equal semi-annual installments of $ 292.50 each, plus interest
on the unpaid balance. First payment due six (6) months from date and semi-annually there-
after, until said principal sum and interest due thereon are fu11y paid. The makers reserve
the right to prepay same in whoZe or in part at any time, without penalty.
Each maker and endorser severally waives demand, protest and notice of maturity, non- _
Payment or~proL~est and all requirements necessary to hold each of them liable as maker and
endorsers.
Each maker and endorser further agrees, ~ointly and severally, to pay a12~aosts of col-
lection, including a reasonable attorney's fee in case the prfncipa2 of.thfs note or any
payment 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 brought or
not . .
This note ~ deferred interest payments shall bear interest at the rate of 8 z per cent,
semi-annually from maturity until paid.
This note is secured by a mort~age of even date here~aith and is to be con-
strued and enforced accordinR to the laws of the Sta[e of Flarida; upon defau2t in the pay~nent
of principa2 and/or interest due on any note secured by said MortRage, all notes so secured
and remaining unpaid shall forthwith becoiae due ~ payable notwithstanding their tenui~e.
L'~i~~t- ~ li._~.t Y (Seal)
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:I aaa~ 223 i.701