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i~ ~LfW~ ~ W lW~~ the same, taQefher u~if{~ f~e feneen~nl~, ~eredilw:ienb and appurle-
r?ances thernlo E~e~onging, an~ fhe ~enfs, i'ssues and pro~ifa t{~ereo~, unto fhe morfgages, in ~eo simpje.
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~~l~ the mortgagor coi~enanls watl~ fh~ mortgagee Ihot the moHgago~ ~t indvj~..ib~y seFzed o~ ~ait~~
land in jee aimple: ~ha! the mo~lgago~ has good right and law(u1 authortly to co~ver aaid land us aJore-
said; thal the mortgagor will malre tucl~ ~wtlter tu~curancei !o pe~pct the Jee simpb !ills to anid Iand in the
mortgagee as may reasonably be required: fhuf fhe mortga8or I~ereby /u~~y wananb the tti~e to aatd land
and u~ill deJend tf~e snme against the InwJul clainu o~ nl~ penoro whomaoever and thnt said land ia Jree
and ~1~~ oj all encumbrunces except taxes accruing subsequent to December
31, 1977.
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~Ill~ ~~3, ehat ,atd ~g~or .hali ~xir ~..~eo ~td ~wrtg~.e ~h~ ~enQ~ ~,,,u-
sory not~ ~ereina/!e? su~tantia~~v eo~ied o~ ic~entifiec~, to-wit:
; 184 ,.5100 _ 00 Fort Pierce, Florida _~an~rY 1978
FOR VALUE RECEIVED, the undersigned. jointly and severally. promise to pay to the order of
JOHN S. MICHAELSON
One Hundred Eighty-Four Thousand and 00/100ths DOLLARS,
at or such other ptace as
the holder hereof may designate in writing, together with interest from date at the rate of 8
~ per centum per annum, on the unpaid balance until maturit~ The said principal and interest sha11 be
due and payable as follows :
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~ Eight (8) equal semi-annual payme ts of principal
i and interest in the amount of $10,642.58 each, commencing
January 5, 1979, and a nznth and 'nal payment due on ~
j January S, 1983, which shall inc all unpaid principal
' and interest then owing.
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I Eacr installment shall first be applied in payment of
the interest and then on the unpaid balance of the
principal sum.
' Right of prepayment after January S, 1974.
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If default be made for 30 days in the payment of any installment of principal or interest or
any part thereof, the whole sum then remaining vnpaid with interest shall. at holder's option become
due and payable without notice. Failure to exercise snch 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-
ed interest shall bear interest at 8 per centum per annum until paid. The makers and endorsers
of this note further waive demand, notice of non-payment and protest. If this note is not paid at matur-
ity and the same is placed with an attorney for collection, the makers and endorsers hereof agree to pay
all costs~of collection, including all court costs and r able attorne ees. ~
~~`'L (SEAL)
B rry s a L B D (SEAL)
(SEAL)
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