HomeMy WebLinkAbout0670 ~
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~o ~inue and to ~iold t~i~ snme, fogef~ier u~ilh ihe fenemenls, herec~ifamenls anc~ appu?fe- ~
nar~cFS l~~~reto ~e~un~~in,ry. nncl fl~~ rents. issues ant~ pro~ifs thereo~. ttnfo I~~e morfgagee. in fee simp~e. V ~
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~n~ the mo~fgas~or coi~hnanls w~~h th~ morlgagee that Il~e mortgagor is indeJeasi6ly seized o~ aatd
~an~~ in jPP simp~~; I~~al tht~ morfflago~ ~~as good righf nn~~ ~au~~u~ aufhorify lo convey aaia ~and as alore-
, said: tliat tl?e mo?t~aflor u~ill make sucli /u?Il~er au~wancNS lo perject the ~ee simple lille to sa~d IaRd ~R the
~ mort~apPe as may r~asu~in~Iy ~p requirecl: t{~al the morlgagor hereby jully wannnts the tille to said Iand
~ and u~ill d~Jend the same af~ainsl thn lau~jeil claims o~ aI~ per~ona whomsoever; and !?~at said land is jree
an~ c~~ar o~ ~ncum~~rances
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f~ ~rouided ~llways, f~~af i~ saicj morfgagor s{~a~~ pay unlo saicl mortgagee the cerlain promis-
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sory notP ~~ereina~ter su~~stantia~~y copi~~~ or ic~e~fi~ic~. fo-wil:
~ 50 t 000. 00 Fort Pierce, Florida November ~ 19 7~
FOR VALiTE RECEIVED. the undersigned, jointly and severally, promise to pay to the order of
; FLORID1~i BANR AT FORT PZERCS ~
FZFTY TtiOIISAND i 00/100ths----------- DOLLA , ~
at Post O!`tic~ Hox 3469~ Fort Pierce, Florida 33450 or such other place as
the holder hereof may designate in writing, together with interest from date at the rate of tel'~ (10?
per centum per annum~ on the unpaid balance until maturity. The said principal and interest shall be
due and payable ~?s lollo~ws s
Interest at the rate of 10= ehall ba payabla
quarterly beginninq February 20, 1976.
Principal payable in thr~e (3) aanual payments.
; Firet paym~ent dua July 7, 1976 in the amount ot
i 516,666.00 plua interestf Sacdnd payment due
, July 7, 1977 in the amount of 516,666.40 plus
~ interestt third and tinal payment due July 7,
~ ~ 19'18 in the amount of $16,668.00 plue intarest.
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~ PREPAIIMENT WITHOUT PENALTY AT l1NYTII~E.
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If default be made for 30 days in the payment of any installment of principal or interest or
¢ any part thereof, the whole sum then remaining unpaid with interest shall at holder's option become
; due and payable without notice. Failure to exercise such option ahall not constitute a waiver of the
~ right to exercise the same in the event of subsequent default. After maturity both principal and accur-
~ ed interest shaU bear interest at 10= _ per centum per annum until paid. The makers and endorsera
~ of this note further waive demand, notice of non-payment and protest. If this note is not paid at matur-
e ity and the same is placed with an attorney for collection, the makers and endorsers hereof agree to pay
r all costs of collection, including all court costs and reasonable attorney fees.
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60JiS~`i~ f~~f ~j~ WP?LTER LEE Cl~?RI.TON (SEAL)
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