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~0 I~AYe ~ t~ 1he same, togettier u~ilh Ihe te~~emenb, he?eclilamenla anc~ appiufp ,
/IA/ICPS Ihe?rfo he~ongin{~, and the ?rnfs, issues an~ pro~ils Itipn?o~, unto Ihp mortgag~e. in ~e~ simp~~.
f~~e morl{~af~or rnvenanfs wifti ftie mo~fgngRe ttiat ftie mortga~or ~a Indo~~,j61r aelze~ o~ sa~d
I land in Jee simple; thal the mortgagor has good ?tgl~t and lawf uI autho?~ty to convsy said land as aJors-
soid; thal Il~e morfgagor will make :ucl~ jurfhe~ nsswancea to per(rct the Jee simpls tille to aaid land In the
I morl~a~ee as may ?+cwsona6ly be ~equt?ed: tha! the mwtgagor I~ereby (ully warrnnl: t1~e tille fo said land
and u~ill deJend the some against the Iawf
ul clntms o~ nll penoru wl~om~oever: and lhat said land ts jns
and clear oJ all encum6rances exeept a mortgage dated July 27. 1973 from
m~rtgagors herein to mortgagees herein in the origin~l principal
amount of $55,000 and recorded in 0. R. Book 216, page 2T71, public
records of St. Lucie Covnty, Florida. •
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~ ~roualed ~lways, fhat i~ saic~ n~orlgago~ stia~~ pn~ unto safd nwrtgaQes the cerlain prornia-
~ sory nofe ~ereinajter substantially copie~ or ic~enfi~ied, to-wit:
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$ 7. 000 . 00 ' Fort Pierce , Florida October / v 19 ~5
FOx VALUE RECEIVED, the undersigned. jointly and ser•erally. promise to pay to the
order of FIRST NATIONAL BANK OF FORT PIERCE
p_ n_ Rex 9~n at ForC Pierce, Florida 33450
tt.e principal sum oi SEVEN THOUSAND and no/100- DOLLARS, with
~n~erest at the rate oi 9 1 4 per cent per annum from October ~3 , 1975 u~~~
paid. in installments as lollows: - -
72 equal monthly payments of $127.05, with first payment to commence
I3ovember 2'~', 1975 , and a like sum on the correspondit~g day of each
' like succeeding period thereafter until the whole be fully paid.
~ Each instal::. ~ shall~first be applied in payment of interest and
~ then on the unpaid balance of the principal sum.
E A late paya~nt dzarge r~ot exoeedi~g 5°/. of the delinquent payment shall be added
! to each install~o~nt renaining u~paid five days after its due date, and a like
~ .sun shall be added to each sudi installment ~~paid five days after
each succ:eecii~ PaYmait date .
The maker reserves the right of prepayment at any time~ in whole or
'in part, without Renalty.
If any instailment be not promptly paid within ten days next after the same be-
comes due. then~ at the option of the holder hereof, the ful! amount remaining due upon
this note shall thereupon become due and payable at once, together with all other indebt-
edness stipulated in this note and in the mortgage given to secure the same.
The makers and endorsers of this note furth er agree to waive notice of non-payment.
protest and demand for payment, and in case suit shall be brought for the collection
hereof or the same shall be collected upon demand of an attorney, to pay all expenaes
~ of such collection~ ;ncluding a reasonable attorney's fee thereon.
~ 1. Proceeds...... 7,000.00 ~
~ 2. Nbrtgagee 1`itle ~ Inst~aonce • 75 . 00
~ . . . /s/ RAIPfi H. GAI~I7IT
~ 3. Recordir~g oosts.... 32.50 ~1 h H. Gallott (SEAL)
~ 4. Approx. Abstract .Continua- P _
~ tion 35.00 ~
S. Attomey's~Fee............ 50.00 C. E. -SR. (SEAL) ~
6. Airvunt Financed. . . . . . . . . . . 7 , OQO .00 . E . Snellgrove , Sr .
7. Fin~ce (xiarge. . . . . . . . . . . . 5, 387. 60 State docu~tary st~ps in the a~no~nt :
8. Total payme~nt. . . . . . . . . . . _ 12, 387. 60 of $10.50 attad~led to (gEAL)
9. Peraentage Rate........... 9 1/49'0 .
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