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jj ~~~~~i , I.•„r ~~l1 ~~r~,l~.,~~~~,•. The Mortgagor with the excution hercof covenants and
~~agrees in~tortgagor's own behalf and in bchalf of the heirs, assigns, and devisces
i of the Mortgagor that upon said property being sold, assigned or transferred •
l prior [o the repayment of the loan on said property in full; the Mor[gagee ~nd /
( or the City of Fort Pierce, ~lorida, s~all be entitled to claim a lien against
~ the property herein mortgaged for any amount of interest,costs or expenses paid ~
` by the City of Fort Pierce for the benefit of the property herein involved; that ~ ~
I~
~ any prepayment of the mortgage herein involved shall likewise entitle the '
Mortgagee and / d`r the City of Fort Pierce for the reimbursement_of any such ' ~
;f interest and / or costs advanced as aforesaid. ~
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~i The Mortgagee with tfie execution hereof covenants and agrees that upon default ,
and paymenl by the City of Fort Fierce of the amount of principal and interest
then due and owing after a default that the Mortgagee will assign the herein
involved note and Mortage without recourse to the City of Fort Pierce, Florida.
.
rou~ded ~llways~ t~?at i~ xni~I nlurlgntlw s{~~~~ pay unto s~ul murf~~agP~~ fhe i~erfuin promis
sory nul~~ ~i~r~inn~lvr cu~~?tn?~tiol~v rop~Mr ur ir~vnlifi~•r~. fo u~il:
ICD 64-407~R-Reordcr trom: Fore L'+ns Systems. Box I8527. Tampa 33609 Revised ~-70
O.er f5000--Secu~ed w; real eztate-nonbaUoon
PROMISSORY NOTE
~ ST. LUCIE COUNTY BANK - ~ - .
No. ll:t 7 L' ~ J fORT PIERCE. FLORIDA =5685.96,
- Jan. 21, , 19 77
For value received, the undersign~sd (and if more than one, each oi them jointiY and severally?, promise to pay to the order of
•5i. Lucie County Bank~ Fort Pierce, Florida ~
t~e sum of~i~ s1~[ 21~ed _ef h five & 96 00-------5685.96-------
_g_~__ _ _ DOLLARS fTOTAL OF PAYMENTSI.
payable in__ ~nonthly instalments of 3 _each, on the `l-~- day of each successive month
commencing.on_.__ !~'~1'Ch_____ 6~ ~~g~T_ , togethe~ w+th costs oi co{lection, including attorneys' fees equal to 10%.of the
principal sum or such larger amounts as may be reaswwble and just if collected by legal proceedings or th~ough an attorney at law.
Ali payments made hereunder shall be credited tirst to interest and lawful charges th n a ued and the remainde jo ncipal.
The amount of this,twte includ~ers~~9rceeeds of a~~ fl~0• ~~rd~ee ~S~ 3~~~~ngi~t~of S~1' ~
doc~~meniary stamp tax oi 9.____ 9 and other tharges ~
~3 SS (Deuriba and Stat~ Cost ol Esch!
of S__, ~ ~resultinq in an AMOUNT FINANCE~ ot s 5123.55 plus a
FINANCE CHARGE of 562~wi~~ 562.41 ~
~ch amount inNades interest of ~ credit IHe i~surance premium of ~
and other charge~___ ~ of ~ )
i~~w ~„a s~m c~c to~.gg - ~
resutting in an ANNUAL PERCENTAGE RATE of_ ~ ",f,. The undersigned has the right to prcpay this loan t~ tull and obtain
a refund of the uneamed portion oi the finanoe charge computed under tBe "Sum of the Digits" method.
CREOtT LIFE AND CREOtY IIFE d~ DISAHIIITi iNSli~neAijE ~LUl;TA_ RY ~NO s
T REQUIRED FOR CREOIT. SuCh (nwranct cov~np ts avsllabl~ st th~
~tost desi tti JenninQ
gnated Aelow tor the term ot the credit: (a) i ~or CnCit Ufi
Insunnc~ (b) S ~or Credit Liy a, pisapilny 1 ttt~
t Check ~ Credit Life Insurance is desirad on tbe lite of BiRhdate
Bop~• ~ Crcdit Life 6 Oisability Irtsunnce ts desir~d on i~
~ Cradit Lite and/or Dissbility tnwnnet is nd d~sind_ ~ i~~ '
I ~
oate) 1-Zi-77 (Sisnatun ' ,%1 ~ ~ - ~ ~ / ~I '
PROPERTY INSURANCE. N writbn In conn~ctbn with this Iw~n, may b~ o~taimd by tM urW~nttn~d throus~ an ot hls choic~. H tM u~-
signad d~sir~s prop~rty Insuranu to W ohbinW throu~ tM tnditor, tM cost will a i a t~rm of nwntla.
In the eveni any instalment ot principal is not paid when it becomes due, the entire amou~ of this note, less the amouM of any
rebates ~equired by law, shalt become due and payable at the dection of the holder.
The hotder is hereby suthorized to appy. on or afte~ maturity, to the payment of this debt, any funds or property in possessbn of holder
tr~elonging to the Maker, surety, endorser, gusrantor, or arry one oi them, and all endorsers and surcties agree that this note msy, in who{e or
in part, be extended or renrwed trom time to time without ~o!ice to them and witbout release of their tiability hereon.
Presentment, notke of dishonor and notice of non-payment are hereby waived by each maker, endorse~ and other party to this
note, and each oi them do hereby waive the right to be sued after default in the couMy of their residence.
SECURtTY - This loan is securedby a MortgaB
e of even date on the foll n ~nbe~ ea ro ~~~~1
Real Bstate t4ortqage aa file in ths Public tesce~rc3s o~ ~t. I.~ciS ~wt~; Fio3s .
The Mortgage will secure luture or other indebtedness and will cover aiter acquired property.
The undersigned acknowledges receipt of a completed copy of this note on the above date.
,
fAddress) 647 ttorth 2Ad St. Ft. P1erCe. Fl. Stgnatur • ~
SEAL
•
(Address) Slgnsturo: SEAL
Doc. Stamps affixed t-o the original note
(Address) _ Slgnature: SEAL
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