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~o ~laue and to ~iold f~ie samP, I~el~~rr with I~~e te.nemenla, hereditamenfs and appurlp-
{1 nanMS Iti~~?~fo ~,rlonc~incl, en~I fl~e renfs, issues ~en~~ pro~its thereoj, unto fhe mortgagee, in ~ee simp~e. -
tl~P morlga4~or covPnanls u~~ih ~hp mo~lpaflee thaf the mo?Iga~o~ is inde~eaaibly seized of said
land in ~~e simple: that Ihe morlgago? {~ns ~o«! rigl~l a~d lawful authority fo convey snid land as ajo?~e-
aaii~; I~~af t{~e mo?t~a~or u~i~~ ma~ie sucti ~urfhe~ assurances lo per~ect the ~ee stmple Itt~e to ioid ~an~/ in tke
I morl~a~pe as may reasonably be rPquired ; Ihat 1he mwtgagor here6y Jully wnnnnts the ttile to said land :
and u~i~~ c~ejend Il~e same against fl~P ~uu~~u~ c~aims of al~ penons u~ltomsoever; and that snid Iund ts jree
anc~ clPUr o/ al~ encum6rw~ces
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' ~~V~~ TiNVAys f~~af i sai~j morf n or sha~~ ~
~ ~ l g g pay unlo said mortgagee ttie cerlairt promts- ~
~ sorY nofe hereina~fer sutisfantia~~v co pie~ or i~enli~ied, to-wit: ~
S 60, 000. 00 Fort Pierce. Florida Januarv 2~, 1g~7
~ FOft VALUE BECEIVED, the undersigned, jointly and severally, promise to pay to the order of
FLORIDA BANK AT FORT PIERCE ~
~ ------SIXTY THOUSAND & 00/100ths---~-r^------------------------- DOLLARS ~
, ~ ,
j at Post Office Box 3469, Fort Pierce~,,; F~erida 33450 or such other place as ~
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the holder hereof may designate in writing, together with intere~t from date at the rate of eiqht (8~)
i per c~ntum per annum. on-the unpaid balance nntil maturity. The said principal and interest sLall be
due and payable as follows :
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Nine (9) semi-annual principal payments of $3,470.00.•
each plus interest at the rate of eight (8$) percent ~
with a final balloon payment of $48,676.41 plus ~
. interest at eight (8$) percent due on the tenth (lOth) , ~
semi-a'nnual payment due at the end of the fifth (Sth)
year. . ~
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If default be made for thirty 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 shall not constitute a waiver of the ;
right to exercise the same in the event of subsequent default After maturity both principal and accur- i
ed interest shall bear interest at per centum per annum until paid. The makers and endorsers ~
of this note further waive demand, notice of non-payment and prntest. If this note is not paid at matur- ~
ity and the same is pla~e~i with an attorney for collection, the makera and endorsers hereof agree to pay
all costs of cotlection, including all conrt costs and reasonable attorney fees.
~ RU-MAR, INC., a Florida corpora~~AL)
.
R. W. CA~LTON, individually ° By:~ ~
R. W. CARLTON, President
- (SEAL)
BOOX ~ ATTEST: ~ ~
^ ecre ary- reasu=er ;
'~aN. "•Yr'~l
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