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Ihe santv. logether wtth !k~ tanerr.enls, ht~ttamtn4 aru~ appurt~-
~wnc~s thatto btbnging, and 1he ronb, isswa and pro~ib thereo/, unto the mortgagN, tn j~e st~nple.
~ the mo.ig~ oow~w.~a wt~h el~• more9~~ ikat .tk. Qno.t~o~ +s ind%wi6ly :.tz.d oj :aid
~ond !n ~w siny~I~: fhnt ti?~ nwrtgagw ~wa good ~i9h~ nnd bWju~ autho~ily to conwy said ~and as a(ort-
:~d: ekae ek. ~9~or wtU s~ck j~,.fh~ ~.,~w~: eo P..Iece th. ~N aimpl~ titla to snid Ion~I jn II~e
~,ae9~,. os ~,~wy ,~v~o,o~blr b. .~.y~.rd: that t6e mortgagor ktre6y ~uUy w~a ~k. eteb to sa~d In~d
ond will dt/end t1~ san~ oAainst tl~t ~awjul clain~+ o( aU Pe?sons whomsoover: and thot satd lund is j?ee
a,~d deo. oj nU.~6.o~~cw EX~EPT that cerroin mortgcge to the Jensen Beach Bank,
recorded in OR 192/237d St. Lucie County recorch, and tcxes tor 1974.
~~5~ t1~at iE said rnortgagor shnU puy unto said mortgagee the rertatn promis-
so~r note ktreina~ter substantiuuy capisd or identi~led. to-wit:
$257,339.62 INSTALI~+iENT NOTE Jul 2 1974 Stuart Florida
For value received, the undergiqned promises to pay, in lawful money of the
United States of America, to the order o~ ROBERT .N~c~~;D~Ey and FIRST
as o an und~i~i e int re t ach
NATIONAL BANK AND TRU~T COMPANY OF STUART, Stuart, Florida,/at ~ox
2316, Stuart, Florida, the principal sum of TWO HUNDRED FIFTY SEVEN THOUSAND
~BREE HUNDRID THIRTY NINE DOLLaR.S AND SIXTY TWO CENTS ($257,339.62) with
? interest at the rate of eight (8%) percent per annum from July 2, 1974
i payable as fallows:
~ ~ ~In ten ~i0j equaZ, annua~ ir,~t~.Z~4A~v ef C25,~~3=9~
~ each plus accrued interest on the unpaid balance, the
~ first such installment to be due and payable on July
2, 1975 and each year thereafter until paid in full.
Notwithstandinq this, at any time after July 2, 1979, Payees~ upon givinq
Maker sixty (60) days notice in writa.nq, may demand payment in full of the
~ unpaid principal amaunt of this Note, together with accrued interest.
In case said installments, or any of them, are not paid within 15 days
after the same become due, the whole of said principal sum shall forthwith
become due and payahle at the option of the holder of this Note. Deferred
interest payments to bear intereet from maturity at 10 percent per annum, .
payable semi-annually. Payments on principal may be made in advance with--
out penalty.
Paymenta shall be applied first to interest and balance to principal, and
interest shall be calculated on the balance remaining from tiune to time
; .
unpaid. i'
Now, should it become necessary to collect this note through an attorney, ~
each maker, security or endorser on this note hereby agrees to pay all 3
costs of such collection, includinq a reasonable attorney's fee. The
makers and endorsers severally waive presentment for payment, demand,
protest and notice of protest for~non-payment of this note, and consent
that time of payment may be extended without notice thereof.
WINDJAMMER, INC.
eR a Florida Corporation
(Corporate Seal) 800K~
gy s/ Frederick J. Haugk
Attest: s/ F. J. Haugk, Jr. Its President
Its Secretary
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