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~0 ~ ~ ~ ~ 1?~ ian~t. top~ihn u~ith fin~m~nli. ! i ~ '
t her~ditan~nb snd appurt~-
nancw th~e+~to ~e~onpi~p. a~ f~ n~ta. tuwa and p?o~i4 tl~tno(. unfo Iti~ mortgaQN. in ~i~ sinip~.
~~1~ ~?s~~ co~er~un~a witk t6e n~ort~ae~ elwe ~h. ~w,fg~or u~,?~~.at6ly ,.~s.d o/ s~d
!o.?d i~ j« stmp[.: el~at e1~. naripa~,o. la, good rt~ht nnd bwju! authortep eo oo~w~? .aad land a. a/o~.-
~ntd: that th~ MOMg~01 Yt~jl 111~1 ~UCII'U~I1q O/~4Iaf1Ct~ to p~ict th~ ~M i~~ ~I~It IO IO~ W?w N1 ~Ilf ~
n~oregw~ u+ ~nay wnwnabiy b. roqu~rr~l: that e.~ mo,eg~gor ha~.by /uUr wo,rona eh• tieb eo satd (and
and wtU d~(+~d tla som~ epatnrt tlu la~f
ul cluLns oJ all psnona u,homiotvtr; nnd tRat sntd lund b/?ee
and c1~ar o/ ali «icu~+bnnnc..• Tt1is mosbigage is qiv~n ~o ~ecu~+e thie pacyment of that
vertain obl~c~atian o~c 3~bedr~e,sa now in exis~oe as ev3,c3es~oed by t1~at vertain
P~'~~t7f m'~ ~ a ao~py of wh3d1 is attad'~ed heret~. ~'fiis ~ is al~o
qiv~en bo secunce such future ar adc~itional adva~oes as n~y be madQ lyy the
~ at its op~tiai to the mort~a~o~, o~ hi8 suooesec~r ~n titLe, fo~ anY P~,
p~av3,dAd tlxt all such advan~caes are bo be made ~it2Ltn 20 yeara fram the date of
~is mo~qa~e. oor within su~ch Lesaer period : of tfine as m~y be p~+orvided hereafter ~
by l~w as a Frerequi.aitJe fc~r the suff~ af actual~ notiae cs z~ec~o~~d notioe
of stx~i opt3,ana1 tvtta~e t~ ac7ditironal advanoe8 as ~c,Jainst tl~e rights of csedito~s
~ faac valuabls vonsi~eratian. The batal amount of i~debt
eaness ~ecvred by this na~qage may d~cre~se a~ 3ncxea~e fram t3me t~ time, b~ut
the ~otal unpai,d bal~x~ eo ~ec.vt~erl at atYy dne time shall no~t e3ooeed the maxinum
- P~3ncipal. m~aunt o~ $700, 000. 00, plus .in~rest, an~d ~y disburse~ts tnacle far
the payme~nt o~ ta~oes, lev~s, ar 3nsuratyae an tfie property oo~rered tyy the lien
of this n~+ot~gag~e, with 3nterest cn such disbur~ements.
tl~ae i` aaid mo.egogor s1aU pay wlto .otd ~o.r~p.. et~. oRf.dw promi~-
~~~w~e(4r au~t~NoU7 copisd or itjtnti~iea. to-uril: -
$ 230, 000.00 Fort Pierce. Florida Auqust 24 ~9~~
F08 VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
FLORIDA BANK AT FORT PIERCE ~
~
Ti~O HUNDRED THIRTY THOUSAND & 00/100ths-------------------=------- DOLI.AR4,
at post Off~ c Box 3469 ~ Fort Pier~-e,,,_ F~ or~da 3'~450 or such otber place as
l~ al~ov~ the
the holder hereof may designate in ~?ritiag. together with interest from date at the rate of 1~~
per centum per annum. on the .unpaid balance until maturity. The said prineipal and interest shall be
dae and payable as follQws:
Principal amount of $230,000.00 shall be payable
on demand. Interest shall be payable quarterly
at the rate of 1$ above the prime rate of interest
on the unpaid principal balance. The rate of interest
shall be adjusted on the first day of each quarter of
the calendar year so as to reflect any changes~in the
prime rate of interest. The priuae rate of interest is
defined as that rate of interest charqed by a majority
of the bankinq institutions of the City of New York,
New York to their best customers.
If default be made #or daya in the payment of any installment o! principal vr ~nterest or
any part thereof, the whole sum then remaining nnpaid with interest shall at holder's option become
dse and~ payable without notice. Failare to eaercise such option sball not coastitute a waiver of the
right to exer~cise the same in the event of snbsequeat defanl~ After maturity bath principal and accur-
ed interest ahalt bear Interest at per centum per annum until paid. The makers and endorsers
of this note further waive demand, notice of non-payment and protest. ~If thia note is aot paid at matur-
ity and the same is placed with an attorneq for collection, the makere and endvrsers hereof .sgree 't{o pay
all cost~ of collect3on, including all court costs and reasonable sttorney fees. ; ,
RU- • . ; ~ ' (~E~lI:~,', .
gaoK 273 PAGE 605 B • ~ ~ ; ~
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