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i snrn~~. tu}~rl~~~•r u~~i~ I~~r f~~nrmi~r~ls. ~~rrei~ilurn~v~l. ~~n.l ~~~~~•~.~1~• -
- " ~o ~iaue and to ~old
fl(I/ICPS I~~eretu ~?~~~un~~iu~~. anc~ fh~ Mnlx. issues aru~ p?o~ils 1l~rnw~. unlo 11~p murfgage~. in (r~• .i~up~r. i
~n~ I~ie murt{~ar~or rui~~nants wilh Ihe mortgagee 1~~at t~~e mprfgago~ is indejea:~61y seiz~•~~ u~ snid ~
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; I~nd in ~ee simple: thal Il~e moriga~or has pood -ight and luu~/ul authorily !o conuey said land aa a(ore- ~
i~ sai<<: I~af fl~p mort{~agor wi« muke ~ruch f u~t~er assumnces to pe~~PCf !he jee simple rul~ ~o :oid tond i« lhe
~ morf~agrp as may rpusona6ly be required: lhat the mo?fgagor tiereby f u~~y wnRants the fit~w fo ~atc~ ~anc~ {
I an~i u~iU de~end the same against fhe lawJul claims o( all pe?sons whomsoever and 1l~at ~aid land is /ree ~
and clrar oJ ~Il encum6mnces exeeptinq taxes ~or the year 1976 but subjeet to the
aforesaid tera?s, covenants, aqreements, obliqatione and provisions of said
Declaration of Condominium, which Mertqagors in all things, jointly and .
severally, do covenant to Mortqaqee faithfully to observe and to perform. !
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~rou~ded ~tways, lhat iJ said mortgagor ahall pny unfo said morfgagee the certnin promIs- ~
sory note hereina~tpr su6stantia~~y copied or identilied. !o-wit:
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g 7 7 S 4_ 0 0 Stuart, Flor:da, ~ 1 0l v ~ ~ q 7 6
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f For value received, I, we, or either of us jo~~tly and severally promise to pay i~ lawful money of the United States bf
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` America to the order of FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city the principa ,
sum of _ SEVEN THOUSAND___SEVEN HUNDRED F I FTY AND NO/ 100
-------------------------Dollars
' together with interett from date at the r~te of ._9_ per centum per ~nnum on the unpaid b~lanu ~ntil paid, s+id princip+l ~nd interest to be pay+bte n
rotr~: ~„«,+h~,, irutallments of One_..Hundred____Sixty___:and___ 88j100 ~=_160.88 _ ;,,,~«s~, t~»
~ 3~d nd ~
day of each month be~inn;nq on the d~y of
- - - - - - - • 19--7 6
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; ~ and continuinp on the day oi e~ch and every month thereaher until the dsy of
i ~ 81 ~
~ ; 19 , on which sa~d date the entire bal~nce of pri~cipsl and interest then unpaid shatl become due and payable. Exh psyment is to be appl~ed.
~ 1 f~rst to interest ~nd the bslance to principsl. In usc ssid i~stallments, w my of thcm, are not p~id within 15 days after the same becane due, the whok
i ; of said principal and intcreat sum shall fonhwith become due a~d p~yable ~t the option of tF+e holder of this note.
~ ~ We, the m~ken, sweties, endorurs and guarantps oi this note, hcreby seve~ally waive presenlmenf iw payment, notice of nort-payment, protest +nd
~ not~ce of p~otest, ~nd d~ligence of briny~ng suit ~g~inst ~ny party thereto, and consent that time of payment may be extended w~thout notice thercof to
any of the surdie~ of this note.
~ Now, shouW it be necesssry to collect this note through ~n sttorney, esch of us, whether maker, surety or endorser on this note, hercby agree to pay
~ all costs o~ said colk~ct~on, includinp a re~sonabk anwney i fea .
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~ Sa~d bank ia hereby expressly authorized to retain any genei~l p speci~l depos~t, cotl~teral, resl w personal securityLw the proceeds thereof, belo~-
iny to either of vs, raw w heresfler in the possesian of it during the time this note rem~ins unp~id, •~id before or afrer maturity hereof may apply the
~ s~rrN to ttds or ~ny othe. debt w liabilitiea of eitFxr of us to said bank, dw or to become due. Given under the h~nd snd seal o( each party.
= p~cume~n Stsmps
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P. O _ ~ ~ / (Seal)
- Donald Townsend
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~ No. Due ~ . -i ---(Seal)
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