HomeMy WebLinkAbout1802 ~Q ~It ~ ~ ~ th• sane, together with th• tenements. hsreditnments and appurte-
nances thereto belonging. and the rents, issues a?d prof
its th..sof , unto the mortgagee. in j.. simple.
the mortgagor covenants with the mortgages that the mortgagor b indefeasibly seized of sold
land to fee simple; that the mortgagor has good right and Iawf
ul authority to convey said land a ajore-
satd: that the mortgagor well mnhe such further auwancss to perfect thi fee simple title to said land in the
mortgage. as moy.reasonably be required: that the mortgagor hereby. jolly warrants the title to said land
and wlU defend the same against the lawful claims of all persons whomsoever: and that sold land b f
rse
and clear of all encumbnnnces
~V~IL ~~5, that if said mortgagor shall pay unto said mortgagee the csrttn promis-
sory note hereinafter substantially copied or ldentlfied. to-wit:
$ 50, 000.00 Fort Pierce, Florida January 31, 19 79
FOIL VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
FIRST NATIONAL BANK OF FORT PIERCE ~ ~ .
FIFTY THOUSAND & 00/100ths------------------------------------- DOLLARS,
at Post Office Box 970,- Fort Pierce, Florida 33450 or such other place as
the holder hereof may designate in writing, together with interest from date at the rate of 10.5$
per centum per annum, on the unpaid balance until maturity. The said principal and interest shall. be
due and payable as follows
The principal shall be paid in_ three (3) equal annual
installments of $16,666.67, except for the third such
s payment which shall be $16,666.66, beginning on the
C 31st day of January, 1980 and on the 31st day of January
~ of each succeeding year until fully paid. Interest shall
be paid at the rate of 10.5$ on the .unpaid principal balance
as of the date of the preceding interest payment, in twelve (12)
quarter-annual payments commencing on the 30th day of April,
1979.
o ~
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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 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 10.5$ 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 snd endorsers hereof agree to pay '
all costa of collection, including all court costs and reasonable attorney f
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bOGX NV~ ~„;i ~.pO2 - (SEAL)
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