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I lifWt fL11i~ ~ TW~ Itis same, toget~er with the tenemenli. hertdilamenl~ and oppurte-
nances lherefo tie~onging, an~ ftie renfa, is~uea and projilt Ihereo~. unto fhq mo?tgage~, in ~ee aimp~s.
~ Ihe morlgago~ couenanls wilti ftie morlga0ee itiat t~e mo?tgagor t. tnd.(~;t6ty aetsec~ o~ aatt~
~ana in ~ee simp~e; that tl~e morlgagor has good ?fe1?t arid ~nw~u~ authWtty !o ~onnep satd ~and aa a~on-
satd: eha~ ~ha mortgagor wtU mnke such /urthe~ assurances to perjpct the J~e'simple ti~ls to satd Tand in tk~
mortgagee as may reasona6ly be .~qut.~d: tl~at the mortgapor hereby ~ully wananfs the Ritle fo said Innd
and wtll de%nd fhe same against !~e lowJul clatms o~ a!l ponons whomsosver and thnt sa4d land ta ~?ee
nnd cleor o/ al! encumbrances -
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~ ~V~R ~~s~ that t~ suid mortanpor rl~nl~ pay unlo aotd nwrfgoges the certain promis-
sory not~ herotnnlter substanliol~y copied o~ identilted, to_wit:
, . .
~11,000.00 Fort Pierce, Florida January 29 19 76
FOR VALUE AECEIVED. the undersigned. j ointly and severally, promise to pay to the ~
Y
order of First, National Bank of Fort Pierce
P. O_ Box 970 at Fnrj- Pi Prrp, Flnr~ da 3~1?5lI-
tt.e principai sura of ELEVEN THOUSAND and no/ 100- - DOLLARS. with
in~erest at the rate of ~ per cent per annum from Feb . 5, 19 76 until
paid, in instaltments as followa: •
Interest shall be payable quarterly with the first interest payment
to co~ence April 1, 1976 and continue eacti July 1, October 1, and
January 1 thereafter'until the principal be fully paid.
i Princi~al payments shall be made in four equal payments of $2,750.00
~ each, wit'n the first payment to coumnence July 1, 1977 and continue
~ July 1, 1978,•1979 and 1980. '
~ A 1 a t e paymer~t d~arge not exc~eedixxg 5% of the delinquent interest or principal
~ payc~-:t shall be added to each installirnnt r~a~ing u7paid five days after its
c.:e da.te, and a like stm shall be added to each such in,stallment u~npaid five
~ ~ys after each sucxeeding PaYu~nt date. _
~ ~HE ?4~.KERS ~IEREOF RESERVE ~THE RIGHT OF PREPAYMENT IN WHOLE OR IN PART
AT E1\Y TIME WITHOUT PENALTY .
i; :.n, :nstaitment be not promptly paid within ren days next after the same be-
~ c:.ni~s due, then, at the option of the holder hereof, the fuil amount remaining due upon
~:.is note shall thereupon become due and payable at once. together with all other indebt-
;:rir.~ss ~tipulated in this note and in t2-.e mortgage given to secure the same.
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=".~e :~akers and endorsers of this note further obree to ~vai~~e r,otice of non-payment,
~ ->-roies;, 2nd demand for payment, and in case suit shall be brought for the collection
~ ~reof or the same shall be collected upon demand oi an attorney, to pay all expenses
~ o: such collection~ ;ncluding a reasonable attorney's fee thereon.
~ ~ Proc.eeds.. . ...........$11,000.00 . .
~ 2 . v.:,~ tgagee ~ Title ~ Ins~amoe . . . 112 . 00 .
~ ~ ~ ~ ~ ~ (SEAL)
Y 3. ~st-ract Cvntinuation ~approx. ) 50.00 ' ~ ' ' ~
~ ~'irst fiatianal 2 Points Discount 220.00 John Guy Long
..~.~cr:.in fees. 4
~ ; g ?.50 -
:~;.u-r~isal fee 75.00 ~ ' j (SEAL)
~ r . Cr~ Report . . . . . . . . . . . . . . . . . ;~bc1e ~atr ici
a J . ng -
~ r~~~~~~:~y~s F~ sc.oo
~ . ~::::~:::t Fin~ced . . . . . . . . . . . . . . . 11, 000.00 (SEAL)
_G. rin~::ce Charge.. 3,034.10
~o;.a~ ~ayments . . . . . . . . . . . . . 14,034.10 r p
~2. ~'-rcentage rate 9 1/Z'/o e~:; ~40 PAGf 7~
(SEAL)
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