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~o ~ue and to ~old I~e same, fugel~~e? wilh Iha lanomenta, hr?edilonrenls ancl appu?fe-
1lAIl1'PJ I~~~rrlo f~p~on~~in~, a~d Ihe rPnfs, issuea nnd pro(ifs thP~eo~, u~fo 1~~e mortgagee, in (ee simplp.
• 1i1Na fhe morfpaflor corenanft u~tl~~ the morlpagee Itial Ihe mwfgagor is inc~e~(po~~bly arizec~ o~ said ~
~an~~ in (en stmp~e; f/~af Ihe morlgagor has gooc~ ?tghf and ~nw~u~ aut{?orify fo convey saia ~un~ at a~on-
sni~: thpt ~hP morl~agor u~i~~ ma4e ~uch Ju?Iher aasuronces to per~ect ftie fe~ sirnp~e NI~~ to :oid land in tl~t '
mo?fgnpee as may reasonab~y ~?equtred; t/~af Itie mo~tgago? 1~..~6y ju~~y wa?ranls ths ttl~s fo s.td .l¢.~d . ~
a~~d will deJend tlie same aguinst tl~e lawju~ claims o~ all penons whomsoever; and tl~at aaid lane~ t~ ~?w?=. 1
anc~ clear o~ all e~uumbronces t87D@g ~1~ SL]bB8Qll2ilt tp DeOAIbg1^ ~74 iild
aertain morbqaqe fxom Backiel hl~qine Sales ~ and Servive, Inc. , a FLqxi,~ Qo~pora-
tion fi~ Anth~ony Baclciel arxi Friecla M. Hadciel filed in Qlt eoolc 195, Paqe 741, St.
Lucie Ornmty, FLarida p~ablic x~eo~rds. _
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~rouided ~lways, that i~ said morlgagor al~al! pay unlo said moNgagee the certain promia-
sory nofe ~erpina~fer suf~stantia~~y copiec~ or it~entl~iet~, to-wit: ~
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i$ 26,206.67 PROMISSORY NOTE Stuart Florida. ~ '
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March 1975 .
FOR VALUE RECEIVED, the undersiqned, jointly and severally, PROMISE
TO PAY to the order of Raco Distributors, Inc.
the sum of twent six usan two un re an six an oo DOLLARS ~
j at ~ . r suc o er p ace as
j the o er ereo ~may esiqnate n t n, toge er with interest from date
E at the rate of 8 $ per annum on the unpaid balance until maturity.
; The said principa an nterest shall be due and payable as follows:
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~ The entire balance of premiwn and interest is due and payable ~
~ ninety (90) days from date of this Promissory N te. ~
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~ At option of maker hereof, the due date may be extended an additional
~ ninety (90) days. ;
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~ IF DEFAULT be made for 15 days in the payment of any install-
~ ment of principal or interest or any part thereof, the whole sum then re- ~
~ maining unpaid with interest shall at holder's option become due and payable ~
~ without notice. Failure to exercise such option shall not constitute a
~ waiver of the right to exercise the same in the event of subsequent default.
~ After maturity both principal and accrued interest shall bear interest afi~
~ 10 $ per annum until paid. The makers and endorsers of this note
~ furt er waive demand, notice of non-payment and protest. If this note is
~ not paid at maturity and the same is placed with an attorney for collection,
~ the makers and endorsers hereof agree to pay all costs of collection, inclu-
3 ding all court costs and reasonable attorney fees.
:~5
JAMES D. REVELLE
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