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'~o ~u,e ~nd to ~otd !~e sa~ne, foyeiher wilh Ihe tenemenfs, he?eclitamenls an~ QPpu~~p-
??ances ihe?elo bplonging. ancr IhP renls, issues ana pro(ita I~e?eoj• unfo the mortgagse. in jee simple. t
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Ihe morlgagor covenants wi11~ the mo~tgagee lhat the mortgagor ta indeJ~~6ly seized oJ sai ~
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(and in JPP simple: ihat Ihe ~nortgngor hns good ~9~t and bwjul aulho~ity to convey said land as uJore- i
I satc~: Ihat 1~ie murfgagor wi~~ ma~e such Jurttie~ wsurances tu Pe~ec~ the jee si~nPle tii~e fo snie~ ~ond in the 3
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morfgagee as maY reasona6jy b~ required: tl~at the mortgagor here6y ~ully wgrranta tl~e title to aatd land
i and u~ill de/end the same against Ihe lau~(ul c~aio~s o~ all penons WIIOI11iOBVK: and Ihnl satd land ii jree
t __a ..1..... .,l ,.1I Q..cumbrances
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~ ~~V~ ~~5~ lhat if said mortgagor shall pay unto said rrtorf9n9ee f e certain promii-
R sory note {~ereina~ter su6stantially copipt~ or idenliJiecr. to-wif:
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~22,000.00 - Fort Pierce, Florida July 29 lg 74
FOR, VALUE RECF•IVED~ the undereigned. jointly and severally. prnmiae to pay to the ~
order o! FI~T NATIONAL BANK OF FORT PIERCE ~
P 0 Box 9?4 at Fort Pierce Florida 33450 t
~WI;NTy TWO THOUSAND and no/100's- - DOLLARS, with ~
the prlncipsl eura of ~
A~.~.~s 15 1974 until
interest at the rate o! ~'Pn per eent per annum fmm t-•
paid, in inetallments ae iollowa: 8t 15. 1975 .
j Principal of $22,000.00 payable on or before Augu
; Interest to be paid in quarterly instal8nd theil5theday oft of ~
t $550.00 com~encing November 15. 1974,
~ February, May and August, 1975.
A late payment charge not exceeding 5~ of the delinquent interes
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~ and/or principal payment shall be added to each payment remaining
~ -unpaid five days after ~ts due date, and a like sum shall be added
~ to each such installment unpaid five days after each succeeding
payment date.
The maker reserves the right of prepayment at any time without
~ penalt , in whole or in part. ten
Y days next after the same be-
If any installment be not promptly paid within
comes due. then~ at the option of the holder hereof. the full amount remaining due upon
~ this note shall thereupon become due and payable at once, together with all other indebt-
ednes~ stipulated in this note and in the mortgage given to secure the same. ~
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~ The makers and endorsere of this note further agree to waive notice of non-payment.
~ protest and demand for payment, and in case suit ahall be brought for the collection
hereof or the same shall be collected upon demand of an attorney. to pay all expenses
~ of auch collection. including a reasonable attorney's fee thereon.
;fr 1.
P roceeds , $ ?2,000.00
~ 2. Mortgagee ~ Title ~ In4uranae 192 . 00 ~ S~ I~tBE[tT J. li0(~~S'int
g5 , pp (3EAL)
u 3. Reo~rdi-ng fees............ , oc es er
~ 4. Aurnnt Fina~ioed. 22,000.00 er er
~ 2.200.00
5. Finance charge 24~477.00
~ 6. Total payments..........:: _ (SEAL)
7. Armual peroentage rate.. 1~
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State documentary stamps in the amqun~ (SEAL)
~ of $33.00 attached to original note and
~ canceled. ~1~ PACE1~OJ
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