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~ut ~ W I{Y~d the same, together with the tenemenlt, he?editaments and appurte-
nances iherefo belonging, and the rents. issues and projtts !hereof. unto the mortgagee. in fee simple.
nib the mortgagor covenants with the mortgagee that tht mortgagor is indefeasibly seized of said
land in fee simple: that the mortgagor has good right and lawful authority to eonnsy said land a ajon-
satd: shat the mortgagor will make such f
:either assurances to perjeN the fee simple-title to said land in the
mortgagee as mny reasonably be required: chat the mortgagor hereby fully warrants the title to sold land
and will defend the same against the lawful claims of all persons whomsoever: and that said land is jrw
and clear of alI encumbrances -
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~CODUled always, that if said mortgagor shall pny unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
3 12 , 000.00 Fort Pierce, Florida December 13 , 19 78
` FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
STEVE LOWS
TWELVE THOUSAND & 00/100ths-------------------------------------- DOLLARS,
at 26 1/2 North Causeway (P.O. Box X25) Ft. Pierce, Fla. or such other place as
the holder hereof may designate in writing, together with interest from date at the rate of 10$ (ten)
per centum per annum, on the unpaid balance until maturity. The said principal and interest shall be
;;uc a^3 p3yarle as follows : -
Principal and interest at_the rate of 10$ shall be
due and payable one (1) year from the date hereof
- amount of 12 000.00 rinci al and 1 200.00
in the $ • p p $ r
interest, making atotal-amount due of $13,200.00
on December 13, 1979. -
PREP~IYMENT WITHOUT PENALTY.
00
0
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 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-
-ed interest shall bear interest at 7 0~ per centum per annum until paid. The makers and endorsers
of this note further waive demand, notice of non-payment and pr t. If this note is not paid at matur-
ity and the same is placed with an attorney for collection, the a era and do ers hereof agree to pay
all costs of collection, including all court costs and reasons a rney es.
- (SEAL)
llOOt~ PACE ~ I~ ~ R B RD (SEAL)
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