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Home My WebLink About1627 ~pt~pd ~p1~1~. tha~ if aaid Jlfordja~br sha,ll par~/ t~to the ta~d Jltora,~cajee tJ~s certa~in prom~sord note, of which the folloru~~ i~n taorn~a and ~t~ea~ss ~s a trr~a copy, to wit: • y , PROMISSORY NOTE S'20 i 000 . 00 Florida Septembet 9~ 19 75 FOR VALUE RECElVED, the undersigned jointly and severally promise (s) to pay to the order of James F. 8armon at Fort Pierce, Fla. 33450 or at such place as the hoider(s) of this nate may designate in writing the principal sum of $20 , 000. 00 ~enty thousand and no/100 --------------------------------DOLLARS together with interest thereon from 9/9/75 at t: of lp % per annum on the unpaid balance until paid. Due : April 29, 1976 in full with interest If default be made in the payment qf any instailment under this note, and if such default is not made g~ lp days the entire principal sum and accrued • r interest shall at once become due and payable without notice at the option of the holder(s) of this note. Failure ~ to exercise this option shall not constitute a waiver of the right to exercise the same at a later time for the same . default or for any subsequent default. in the cvent of defaults in the payment of this note, and if the same is piaced in the hands of an attomey at law for collection, the undersigned hereby agree(s) to pay all costs of colleo- tion including a reasonable attorney's fee. Presentment, protest and notice are hereby waived. (SEAL) ~ fs/ Brenda J. Raulerson (SEAL) (SEAL) s (SEAL) MID6TATE LEt3AL StJKLY CO. - ORLANOO, FLORIDA ~ an.d shall perfo~rrt, comply with and abide b~ e~ch and every the stipulations, a~neement,s, conditions and covencznta of said prnmissory note ared of this deed, then this deed a,xd tlie estacte hereby created shall ceuse and be nult and void. ~ ~ .~t~ the sa'id JKort~'agor hereb~ cove~cants acnd acg'rees: r .1. To pab all and sin~ula~ the prineLpal anct interest and other aums of money payable by airtue of said promissorrJ note and this deed, or either, prorriptiy u~ t~-~e days respectively the same aeveraily come due. ; ~ Po pay ol1 and stn~ular the t.ct~ces, a,~~easmenta, der~iea, Itobilities, obli~atione ~ and encumbrancea oj every nature on said desc~ibed p~opeit~ each and every, aad ! if tlae sa,rne be n.ot prn~np~~y paciat the said JKort~a~ee may ar,~ o.ny time pary the accma ' wit)wu.i wccivin~ o~ a~ec~reg the option to foreclo8e or a,n~ ri$ht hereu~ader, cznd eue~t - f pa,y~nent ao rnc~de slutlt b~ear interest frorn tha dc~ct,e ther+eof act t.he ra.te of ; per cent. per annurrd. ~ y'o pay al1 and ain~ular the eosts, CIN3TgP4 arui exDenses, includin~ lawyer's ~ feea, reasorutbly incurred or pdid ar,~ any Lime by said JKort~ccgee becctuse of tice failure on the pa,rt of the said JKort~a~or to perforin, corraply with and a,bide by each a~nd ~ every the Stipulations, c~~'reement~s, conditions and covencinta of Sa,id pruntiasory note a,nd th,ia deed, or either, o,nd every such paynaent sha,ll bea~r interest frorra date a,t the ; racte of per cent. per annu~n. - ' F € To keep the b tng now or her fter on. said l4nd insured in a sum not s less than 7~~..~ ~,~Q ~v ~~~0~ OD ~ Dollars, tin a co~npany o~ coinparuea to E be capprnved by 8aid Mort~a~ee, and ~he pol~c~ or policiea held by a~d payoble ~o scaad ° JKort~m~ee, and in the event any auns of mo~uy beoomes pcaycrble under 8ueh pol=c~ ar ° pol~cr,~s, th,e Jlfort~m ee BJutdl hava t~e option tp rec~ive a~d aPPly the 8a~ze on occousit ~ ° of the ~adebtednesa ~reby secured or to Dernzi~ ths .~fortga~or to receiv~ c~zat use it, or ~ ctny pcsrd thereof, for ot,Jcer purposea, without thereby w~a,ivirc~ or i~rcpairin,( any eq ~ lien or ri~l~ wnder or b~ virtue of this rraort~CCge, a~rtd rn~a,~y Pla,ce and Pdl1 fo~ aacch k insurdnce or a,ny part thereof, without waciuing or afJ'ectin~ the option to foreclose or ~ ~ any right hereunder, cznd each and every 8uch pa,ym,ent Shacll bear i~nter~est frnm cdate ~ at the na,te of per cent. per annum. p Q, ~ aaoK~4~ Pa~f1627 ~ :I; I' ~ : - _ ~ _ - _ _ - ~ 'pr ~ '