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' ~o ~laUe and to Mold Ihy same, fagetlier with the tenements, Iteredilaments and appurty-
I'~ ncutres !hereto helonrlincf, and the rents, issues and profits thereof, unto Ihy mortgagee, fn fye simply.
1 end the mortgagor covenants with the mortgagee thnt the mortgagor is indefeasibly seized of said
~ land in fee simply: that the mortgagor has good right artd lawful authority to convey said land as afore-
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~ said: that the mortgagor will make such further assurances to perfyct the fee simple title to said land in the
mortgages as may reasonably be required: that the mortgagor hereby fully warrants the title to said land
attcl will defend the same against the lawful claims of all persons whomsoever; and that said land u Jree
and clear of all encumbrnnces except taxes accruing subsegsent to
December 31, 1978.
f -
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i ~rou~ded ~ilwayS, that i f said mortgagor shnll pay unto said mortgagee the cerfnin promis-
'~i sort' note hereinafter sul»tnnfially copied or identified, to-wit:
215,000.00 December 28, %8
S__-- - Fort Pierce, Fbnda.r-_-- 19..-.
As hereinafter stated after dare, I, we or either of us promise to pay to the order of
PHILIP A. IIOEFFNER and MARIE iIOEFFNER, his wife,
'I~:o hundred Fifteen Thousand & OOf 100 - pp~~q~ .
fc? ra?u~ re:eeived, payable at..__ ~ 102 -SOUth 26th Street
------------------..__-1--- - -
Fort Pierce-Florida 33450 with inccres:
date 8-1/2 as hereinafter set.
from - - . at the rate of per cent per annum until paid; interest payable- . _
fort}i-.-
~ /~~d ea:h of in wMtttN maker, guarantor a erdorter, hereby sevNSlly waives and renouncos any and ail homestead exemption rights we m, y
I ha.e under the Ctu+stdution or laws of the State Ot Flonda, or any other State or United States, as against tMs note: and exh further waves drman.t-
nct:cr of ron-payment and protest, and in event it becomes necessary to colta~ct this note tlxough an anornty, agrees to pay all costs of col:ection.
F inciuJ~n~ reaaonat~:e actor f
E ~Y(ti'SSUCh default continues for a period of 0 a~s,
If Cefault is madr in any payment when due/then at ttw option of the holder. and without any other notice, 1 the remairtini taiancc
f ~?,~I~ lx alw and yayaDle at once.
`1^'re principal indebtedness evidenced hereby shall be payable in tn~:
~ manner follo~.ring
~ $5,250.00, together witrt ir.terc:st on the unrepaid principal
t~ulance at the per annum ratre above set forth, due on June 20, lr~%~+.
~ 'Phc= remaining principal balance of $159,750.00 shall thereafter be
p~~yable in ten (10) equal and consecutive annual installments of
t $i5 ,975.00 each, beginniny June 20, 1980. To each such annual
~ installment of principal shall be added interest on the unrepaid
( principal balance at the rate above set forth. Maker reserves
4 ri;nt of pre-payment ir. whole during the calendar year 1978 wit:.-
out penalty. Beginning January 1, 1979, this note shall be pre-
:~u•,~able in wrote, or in part, at any time without penalty. Al.l
partial pre-payments shall be credited first to accrued interest
and then to the installment of principal next ensuing. Provided,
i~ocaever, the making of pre-payments shall in no way extend the
time for making of payments of annual installments of interest
cominy due on June 20, 1979 and annually thereafter, or of
t annual installments of principal coming due on June 20, 1984 ~>.nc
~ annually thereafter until this promissory note be fully paid.
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~._~.3U9 =~~..1193
- s/ Gerald S. James
_ - SEAL
~ Gerald S. James
x No. - - Duc SEAL
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