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~~o ~ue nnd to ~iold 1he same, logefher wttl~ the tenemenls, he?eclitane~fs and appu?te- t
I nanc~s Il?ernto ~e~on~infl, a~;rl f~e renla, issues a?u~ profJfs Ihereo~, unlo ttie rnortgages. !n jee simp~e. ~
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the mort~agor covenanls wifh the mortgagee Ihaf 1~?~ mortgagor tt inde(saai6ly ~eizec~ o~ ~atd
II lanc~ in ~ee simple: t~ot the morfgngo~ has goo~ ?ig~t and IawjuI auti~o~tity to convsy saie~ inn~ w ajoro-
! saic~; Ihat If~e morlgagor u?i~~ make aucti ~u?ftier assurances !o pe~rct ff~e ~ee stmp~ ftt~ fo satd ~and in ttie
(I morl~agee as may reasona6ly 6e required; tl~at t6e mortgagor I~srsby Jully warronls th• tttle to ,otd io.~d
i ar~d u~ill de~end ihe anme ngainsl the !aw/ul clalms o~ all pe?so~u wl~omsoeoer; and that sntd land is jroe
and clenr oJ all encumbmnces
PROVIDED ALWAYS, that if said mortgagor shall pay unto said mortgagee
I the certain promissory note hereinafter substantially copied or identified, to wit '
. PRUMISSORY NU'I'E ;
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FOR VALUE RECEIVED, the underaigned makeris) 1T). jolntly and eeverally. ~
Fromise~s~ to pay to the order of the oamed Payea(s)~ 11 at th~ atated place 2). or ~
as may be deeign4ted by Payee(r~ in writing trom tiine to time, the Princip4l Sum 3). '
together w?ith the stated iaterest per annum 4), with Principal pay4ble in the inet411- ~
ments stated 5). and with intere~t p4yable in the inst411mente stated 8). and with {
both euch inet411mente to be payable r* 7), with the firet euch inetallment ps~yment due ~
8), and with the laet inetallment being eufficient to pay 4ay remaining bala~ce.
Maker(e) ehall have the right oi prepayment ot any omount at any time without ;
penalty. except ae etated 91. Any euch prepayment ehall not rslieve the making of ~
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the regular. periodic paymente unleea otherwiee stated 10). t
All paymente not made exactly in accordance ~o the tenor of thie Promiesory s
Note ehall be applied at Payee'e option, unleee otherwise atipulated in writing by Maker(s) i
at the time oi payment. ~
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It ie the Specific Intention of all Parties hereto that nothieg herein etated or ~
implied ehall be conetrued to mean that any Party hereto, in any event, ie to pay, has ~
contracted to pay, or has exacted an ar~ount of Intereet. in exceee of the high~st rate of
Intereat allowed by law, a~d eny euch excese shall automatically conetitute and be . r
treated for all purposes ae a payment on the actu4l Principai and ehall operate to red~ce ~
such Principal by such amount. Any and all further exceee ehall automatical~y be
voided. waived and foMeited forever, and any overpayment ehall be returned to the
proper Party immediately.
~ All Maker(8) and endoraere, now or hereafter becoming Partiee hereto, jointly ~
~ and eeverally, waive preeentment, demand, notice of non-payment and proteet, and ~
agree that in the event oi any default of any obligation for the stated period 11), then ±
the total amount due hereunder ehall 1~Z) bear the Intereat stated .13) in lieu of the i
Intereet tieretofare etated, and thz total obligation hereunder shall thereupon, at the
option ot the holder. become irrimediately due and payable, ~nd if said Note becomea in
default, and ie placed !n the hande ot an Attorney for collectfon, to pay reaeonahle ;
attorney feee, court and other coste of collection and agree that.t* 141 may be the place
of trial.
Thie no4e ie dated 15) and is secured by the collateral etated 16) and is
subject to the terms and conditions therein expressed.
s .
1) William E. Reuter and Ethel E.. Reuter, husband and wife (Named Payee(s))
2? 4453 Levis Lane (Place of Paymentl
Godfrey, Illinois 62035 . . . ~
f* 3) $267, 000. 00 (Principal Sum) -
~ 4) 10%
(Stated Interestl
5) 5, 00. 00 payab~Q annual~y pn each M a- . Number Period) -
N•~ w er L.( ¢h~-oN~~ /l q?.d
~ g) Accrued interest sha~l ~ie pai~with eac~i ~nnual~principal payment~Number/Period)
~ 7) Principal and interest shall be paid as stat 5) and 6) and (Amt. of Installment)
uN accr~p~Q ~H te~es ~ pay?~.eN E s~~~ be ac,asle -1ctH ~ar~/ 3~ ~ Q 1~j0,
~ 8) /H Q 1- 19g0 !'iMCi cil J N~ar 3/ 80 'nt~~st(IttPayment Due)
~ 9) There shall be no prepayment before January 1, 1983. (Prepay Conditione)
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~ 10) (Relief ef Paymente) f
~ 11) 30 days (Grace Period) 4
12) durin default (Thereafter/durin default);(* 13) 10% (Default Interest) '
14) St. Lucie County, Florida Place of Trial);(* 15) June 25 , 1979 ~(Date of Note) _
18) Mortgage C' P. ~M (Collateral) ~
ZOL•!! ~ PACE 7V WILLIA a D la are c ration '
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Maker(+ 1?) esi ent Ma er( 17) ~