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~ t0 the same, together with the tMemenls. hereditoments and appwfe-
nances Iherelo belonging, and the rents. issues and profile thereof. unto !1<e mortgagee. in fw simple.
1UW the mortgagor rnvenants with the mortgagee that the mortgogo? V rodefeastbly seized of sold
land in Jee simple: that the mortgagor has good .igh! and lawful authority to convey said land as of
orM-
said: that the mortgagor will matte such further assurances to perfect the fee simple title to said land in the
mortgagee as may reasonably be required: that the mortgagor heroby fully wananb the titb to said load
and will defend the same against the lawful claims of all persons whomsoever: and that said land is free
and clear of all encumbrances. EXCept for taxes for 1979 and thereafter,
and that certain mortgage executed by Benchmark Construction Company
Inc., in favor~of.First Federal Savings and Loan Association of
.Fort Pierce dated August 25, 1978 and recorded in~OR Book
page o f the public records of St. Lucie County, Florida
in the original principal sum of $23,100.00
~ou~ded ~~yS; . that if said mortgagor :hall pay unto said mortgagee the cereatn promis-
sory note hereinafter substantially copied or identif
ied• to-wit: _
Fort Pierce, Florida
• Amount: $ 6,052.49 ' _ Dated February 15, 1979
'
FOR VALUE RECEIVED,We promise to pay, without defalcation, to the order pf
BENCHMARK CONSTRUCTION CtJiMPANY, INC. at 1108 Alameda Ave.,-in Fort Pierce, Florida,
the sum of SIX THOUSAND FIFTY Ti~10 AND 49/100---------------
Dollars with interest from date at the rate of g~75 per annum in _N,
monthly installments es follows:
$ 58.00 on the 1st day of March 1979and a like sum on the - -
c~rresponding day of each like succeeding period thereafter until the whole
~be fully paid.
Each-installment first shall be applied in payment of the interest and then
E on the unpaid balance of the principal sum. If default is made in the 4
payment of any installment when due, then at the option of the holder, and
without any other notice, all the remaining installments shall be due and
payable: at once. Privilege is give to pay two or more installments at any
installment maturity date, but this shall not extend .the time•Of maturity of j
any subsequent installment. Neither forbearance, nor acceptance by the holder
hereof after any default in any payment hereon, shall be deemed extension.
.Each maker, surety and endorser hereof, jointly and severally, waives-
demand,.presentment, protest and notice of protest for non-payment, and
i further agrees to any extension of time of payment, either before or after
maturity, withoLt notice to any of us; and to pay all costs of collection, -
includinR a reasonable attorney's fee in the event of any default hereunder,
and hereby severally wavves all benefit of homestead and exemption under the
constitution and laws of each State of the United States, as against this
obligation or any extension or renewal hereof.
A late charge payment of $2.~0 shall be added to each installment
remaining unpaid seven (7) days after it is due, and a like sum shall
be added. to each such installment remaining unpaid seven (7) days after
each successive payment date.
Witness the hand and seal of each party.
(S~)
ert H. Morrie
. 0 R ~1Zw~,~.~ (SEAL)
lsoac ~cE 1828
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