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1NiVi~ RI{i~ ItiP S<II~IP, fugrl~tr wifti I~ts lenemenfs, tie+r~ilum~nls an~ oppurle
~iunres lherelo Gelongi?~g. an~I f{~p renls. issues anc~ prolifs Ihe?eo(. unfo 1~~ morlgoger. in ~se simp~~.
~1{f~ t~e morfgagw coi~nnn~fs u~il~~ f~e morlgoget I~al Iti• n~ortgogor is indr(.bs~61r s~i:ed o~ anid i)
land in ~ee simp~e: fhnt ftie morfgagor ~as good rigtit and ~ow~u~ nulhorily ~ fo c~onary snid ~und as afon- . 1
sai~; I~QI IIIR mortgago~ u~ill make such jurfher assuwnc~es fo per{ect f~e ~ee ~imp~e til~ lo snie~ ~and in f~?~ ~
morlgagee as map reosona6ly be ?tqulrttl: thal t?~ ~o.e9~o. I~~.ebr I~~r ~nb tRe tille fo :a~d lo.~d ~
nnd will deJend tl~e same against !h~ luw/ul claints o/ QU penons m/~omsoeve?: nnd ll~at said 1.....! ~?et ~
a~d cl~r oj all en~~~h.,~~~ except that certain first mortgage from ~
First Federal~S~L Assoc~ation, ~ort Pierce, Florida, recorded f
in O.R. Book 197 at Page 1373 • , ~
:
PROVIDED ALWAYS, that if said Mortagors shall pay unto said ~
Mortgagee the certain promissory note hereinafter ~
substantially copied or identified, to-wit: ;
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~ 3,~~9.00 ~ 533
r~ ~;a, Jaaw~sy 31, 19 75 ~
for value reoeived, i, we, or eit1~ of us, promise to psy without defakation to ihe erde~ of
$!i a' I.U~01~ 1~01't?~,t~t ~O~p~~j , a! the offiae of tfie psyee t
herein in Eort~ or at wd~~ other pFaoe as the pnyee henein sh~! designste i~ writirg, the . `
w
wm of ~ 3''°' • ~ wiih Int~efest ftom date at the rate of 10.0 ~ per e~n. P~Y~
in moMhly installments as follows, to-wit: -
. t 97 on the 1~t day of ~b ]9 75 ~d a like sum
on the oorresponding day of esd~ like wooeedirg month il~ereafter until pf1Q SO
l~11.
In the event arry smounts cuRently due and/or past due under the lerrrn of tfiis rote are no~ psid
by the 7t?h day o~ -tfie month, a Iste penalty of 5.07L of the oar~bined arr~ounts axrenHy due sr~d/or-
past due, will be added io and aolleded with whaiever amounts ar+~ duo for the monflt in ~Stion." if
' currenHy due and/or pnst due payments cr psrts thereof under the t~ms of this rwte remain unpaid
j at the end of any moMh, tF~en said unpaid amouM wiil be carried forward and added i~n the amounts ~
E coming due uncler the terms of this note for strbsequent montfis for the purpose of calafating wbsequent
; laie penalties. Amounts due under the terrns of this oo~e are understood b be but not limitad .
C l.
~ (1) Regularly amortired i~ and Pn~P~ P~Y~~- :,t
(Z~ 411~/ afld~Of OOUMy ta7C~! Wt1EA ~id tf1C ~yEe ~1!'tellf. '
~ 3 1nsurande emiums when id ihe I+e~ein. r~
~ ( ) '--Pr Ps b'Y PsY'~ . , ~
(4) Senior mortgage"p~y~oeMS whe~ paid by the payee herein. t
Strcef, sewer and wateflr-liens when paid by fhe payee herein. ~
, Eath installmer~t first shal) be applied in the payrne~n the intei~eif"at~t~tl+er~ on ihe unpaid bal- ~
anoe of the principal sum. If defauh is made in the paymeot af any ir~staltrnent when due, fhen at the
option of tfie fiolder, and witfiout any other notiae, all tfie rert~a+ning inststirr~ettifs shall be due and payable at ,
once. P~vilege is given b pay two or more installrne~ts at any instalknent msh?ritr ~a~e, but this shall ~r
not extend the time of maturity of sny wbsequeM installmeM. Neiti~r forbcaranoe, ~ no~'~aooeptanoe by
~ #~e hoidef her~of after a~ry de~fauh in any paymcnt hereon, shatt be d~emed ex~nsion. > >
~ Ead~ maker, wrety and endonR.~ hereof, jointly and srveralty, waives dee~and, p~nt. ; 51; -
~ protest and notiae of protest for rwr~paymeM, and furtF~er agrees ~o arry extension of fime o~f payrt~er~t.
~ either before or aftet matwity, without notioe ~o arry of us: and to pay al{ msts cSf aollection, induding a
s reasonaWe attorney's fee in the event of any default hereunder.
~ WIiNESS THE HANDS AND SEAt. Of EACH PART1f~S/ Lionel Johnson
~ Llof~el JobasCD .
~ $5•25 in Fla. State doc. ~
~ s~amps affixed to original ~ 1~
~ nq~e. /S/Mary Lee Johnson
~ . Mary L~ Johasoa ? ~ _ _
tS~LL) .i
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