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~,~,~~1 ~ 1~~~~? ~~1 ~~(1 „~?~h?~~~~~~~•~ 'p}le Mortg With the execution hereof covenants and
; agrees in Mortgagor's own behalfe~~`f~`~~heirs, assigns, and devisees of the
j Mortgagor that upon said property being sold, assigned or transferred prior to
~ the repayment of the loan on said property in full; the Mortgagee and / or the .
City of Fort Pierce, Florida, shall be entitled to claim a lien against the
property herein mortgaged for a1l~iyy amount of interest, costs, or expenses paid
by the City of Fort Pierce for the benefit of the property hendn involved; that
any prepayment of the mortgage herein involved shall likewise entitle the
i Mortgagee and / or the 4~ity of Fort Pierce far thc reimbursement of any such ~
~ interest and / or costs advanced as aforesaid. '
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The Mortgagee with the execution hereof covenants and agrees that upon default i
and payment by the City of Fort Pierce of the amount of principal and interest
then due and owing after a default that the Mortgagee will assiRn the herein _
involved note and mortgage without recourse to the City of Fort Pierce, Florida,
~rouided ~Iways~ f~~af i f sai~I morf~~uryor sha« pay unfo sau~ mwf,yagPe IhP ~-erlain promis
so?y nuf~• ~~r~~~ina~f~~r .u{~cfanlu~~~V ~upi~•~~ or ir~vnli~ir~. fo irif: .
iC0 69~07•R-R~order trom: Fon Lin~ S~rst~ms. Box 18527, Tsmps 33609 ~~071 Rwiqd 2-70
Over 55000•-Sacund w/resl ~state-nonballoo~
PROMISSORY NOTE
ST. LUCIE COUNTY BANK -
No.~lp D~ FORT PIERCE, FLORIDA :
_ j~ferr_h R . 19I.Z_
Foc value received, the undersipned lana if more tnan one, ea~~ 01 them ~a3r.;fy asx! savera!!y!. ~~l=z tfl ~Y to ~ a~ of
St. Lucie County Bank, Fort Pierce. Florida
:he sum of~~y nin~btlritired Snd seven dollars afld 96/~0-•--•~N59Q7_~LLARS (TOTAL OF PAYMENTS),
payabla in 35 month~ instalments oi ! esch, on ihe ~ Gtt~ - dsy of each wcoessivs month
commeocin~ or~_-~._ri~ ~9 topethsr with costs oi collection, intluding attorneys' iees eqwl to /0% of the
I'4 ~ Nrincipal sum or suth largsr amounta as rs:sy be rwsonable ans! just if collected by Iegsl procasdings or tluough an attomey st law.
~ All psrments made hereunder chall be ueditad first to interest and lavrfu) chacpea then accrued and the romalnde~ to prMcipal.
~ The amount of this note includes the proceeds of 4~__. recording tae of S 13~19 _ Intan~ible tax oi b 11
_A~1 _
documentary stamp tax of ! 9•00 , and other char~ss a~arch ~,~raieal I5.00
f - iD~strib~ snd Sate Cost ot Each)
of i 6s.~Q~! ~_Irssulting in an AMOUNT FINANCED of i486S.00 plus a
FINANCE CHARGE of ~ 9Q1.04 (which amouM includes iMerest of ~ 901_04 _ crodit life insurance pnemlum of i 134_92
~ and othef Chara_es ~ ~ ~
cDexribe ~nd staN cost fw ~scA>
resulting in an ANNWIL PERCENTAGE RI1TE ot 11.08 g~.. Ths unders~gned has the ~ht to PrcPsY this loen in full and obcain
a refund of the unesmsd portion oi the flnance charg`s comPuted ur~ tl~e "Sum of the Digits•• method.
CREGIT UFE AND CREOIT UFE 8 ~ISABIU?Y INSURANCE. ARE M~LUNTARY AND NOT REQUIRED FOR CREDIT. Such Itaurano~ oow~ap ~s ~vailsbb st tM ,
cost d~st~nstW A~fo~r for th~ t~~m ot tM cndit: (a) t- 132 ~ 9~ for Cr~dit UM Imuranc~ (b) i fo. Chdit L1N 6 DisaOiRtp Inswsna '
cnack ~ Cndt LN~ Inw~anu Is d~stnd on M~ lit~ o( I~Lrs~a [:igoti' eirthdst~ 1~19~19 i
f
APfl~- ~ Cndit uta i OisaOility Inwrsnc~ ts d~slr+d on ~
Boz !
~ GWR Lift sed/o? OlsaalRy Insuqnu b nat d~s7hd , '
rOatel ~A~?? (Sitnstun
PROPEICiY INSURANC~ N writt~n In cone~etion with tl~fs lo~n. m~r b~ obbimd bY ~~b ~~'a~ ~ P«~ W hls ehoie~. If the ur~r• ~
si`n~d d~slrp propert~r Insursnu W b~ obtatn~d throu~h tM c~. tM cost wW b~ i tor ~ tam d rnoMhs.
In the avent sny instalmeat of principsl b not paid when R becomes due. t1~e entim amount ot thh note. less ths amouM of arry
rebates roquircd by law. shsN bsootns due and psyable st tt~ elsetion of the holder. _
~ _ The halde~ is hereby suthorized to spply. on or aiter maturity. to the peyme~ of this debt, arry funds or propeRY tn possesslon of holder
belonging to the Maker, surety. endorser, guarantor, or any one ot ihem, snd all endorse~s and wreties sgree that this note may, i~ whole or
~ in part. be extended or renewed trom time to time without notice to them and without rokase of their Ifabitity hereon.
~ PreseMmerrt. notke or dishonor and natice ot non•psyment aro hereby wahred by asch msker. endorser and oRher party to this
~ note, and esch oi them do hereby waive tha right to be sued sfter defautt In the count~r ot thair mslder~ce.
~ SECURITY-This loan is secured by a Mortgage M even date on the fdlowing desc~ibed roa~ P~~Y•
~ Z ~ ~ i..• n~t~ ~ c~siee ~ft$*~~ ,
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The Mortgsge wlp secun futuro or other indeMednass and wiq cover after acqui~d property. •
~ The undersigned acknowfedges rcosipt of a completed oopy of this note on the above date. .
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~ ~,~d~~ ~ 105 Kentucky AvQ S~gnatu • ~
Ft Pierce, !1 3',~?SO '
{Address~ Sl~atur~ ~ SEAL
~ (Addr~ss) Sf~naturr SEAL
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