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~Q 3l~~ ~ ~lll the name. toyethsr u~lth the tenements, hereditarnenta and apptute- ~
stances fherelu Iwlunyi?tp. ated the ?estls, iuuea and projlls Ihe.eoj, unto the mortgagee, In j.e stmpb.
the mortgagor covenant with iht• mortgagee Ihaf the mortgagor t lndejoasibly selud of sold
land in jea ~stmple: that the mortgagor has good right and lawful authority to convelr sold land as ajon-
said: that the mortgagor will ma4e such jtuthsr aaattrnneea to parject the fee almple tllle !o add larsd to the
mortgagee as may reasonably 1» requtr+sd: flint the mortgagor h>r j~>r warrant the tilt to add land .
! anti u•tll delettd the same agdnat the iawjui claims of all psno whomsoever: and that sold lard t jne
and cletu of alI encumbr+artces except those taxes accruing subsequent to Dec. 31, 1978.
I ~~s,~ ~
~~~y~ that ij safd mortgagor shall pap -:.~!o said mortgagee the certdn promis-
sory note hereinafter substantially c~opfed or identified. to-wit:
.~ottTa~a[ r+oTe
Ft . Pierce Fbrida '
~~6,000.00 ~ ,
- December ;LO 1978
FOR VALUE RECEIVED, the undenigncd, (jointly and set•erally, if more than one) promises to pay to
.IOFfty WILLIAM ALBER , .Box 60, Basye, Virginia, 22810, or where otherwise desig- .
Hated in writing, , or order, in the manner hereinafter specified,
ct,e principal sum of SIXTEEN 'THOUSAND AND NO/100 /100 DOLLARS
j 16 , 000.00) with interest from date at the rate of 93L pu cent. per annum on the balance from time to time remaining unpaid.
The said principal and interest shall be payable in IaMdu) money of the United States of America at address stated
above or at such plau as may hereafter be designated by written notice from the holder to the maker hereof, oa
;he date and in flit manner (olbwing: -
Payable in One Hundred Eighty (180) consecutive monthly installments of $164.68
;:~~~inning one month from date and each month thereafter until said principal and
I `~~terest due thereon are fully paid.
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maker reserves the right of prepayment at any time without penalty.
This note with interest is secured by a mortgage oa real estate, of even date herewith, made by the maker hereof in favor o[ the said
;:zvee, and shall be construed and enforced acrnrding to the laws of the State of Fbrida. The terms of uid mortgage are by this reference
:r.ade a part hereol.
If default be made in the pa~vtent of any of the sums of interest mentioned herein or in uid mortgage, or in the performance of
a of the agreements contained herein or in said mortgage,. tben the entire prinupal sum and accrued interest shall at the option of the
!.older hercot become at once due sad coUectbk w-itbout notice, time beinga of the essence; snd said principal sum and accrued interest
s't:all both bear interest from such time unu7 paid at the highest rate albwabk under the laws of the Stan of Fbrida. Failure to cxetrise
!h:s option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice notice o[ protut and notiu of dis-
n:,nor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought or if, after msturitr of this note or default
t:-r-under, or uadtt said mortgage, twunsel than be empbyed to collect this note or to protect the security of uid mortgage.
~~'hencver used herein the terms 'bolder", "tnaker^ and "payee^ shall be construed in the singular or plural to the context may
:>quiret or sdmit_ l~~ 1
l
Maker's Address ~ ISo'>r/.~L)
- Addison A. Nicholson, Jr. II
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