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~0 ~ ~ the sane, togtther with fhe ttnemenb. henditamenb and appurte-
nances thsnfo belonging, and the ants, issues and prof
its there% unlo the morfgag«. in simple.
the mortgagor covenants ovtth the morfgag« that the mortgagor is indefeasibly seized of said
land in simple: that tho mortgagor ha good right and lawful authoritp to convey said land as afont-
said: that the mortgagor will malts such further assurances to perfi~ct the simple Ntb.to said land in the
mortgag« a: nay roasonablp be requirod: that tl?e mortgagor hertby f
uUr urananb the titb to said land
and will defend the same against tht lawful claims o/ all persona whomswver: and thnt said land is jnt
and door of all encumbrances e7tcept taxes for the current year.
.
,
~rouided ~UwnyS, that i j :aid mortgagor ,hall par unto said martgag« th. ctrtatn promta-
sory note hereinafter substantially copied or identified, to-wit:
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:177,500.00 Vero Beach. Florida . 1l74
In the manner hereinafter set forth
' ~ftar date, 1. we or either of us promise to pay to tht oMer
of - - - -DONALD-E: - RAULERSON - - -
----One Hundred Seventy Seven Thousand Five Hundred and no/100---------------
DOLLARS
~ for value received, payable at such place as payee may designate in writing
with interest
from date st the rate of lOX
per cent per annum until paid; interest payable as specified beloa+.
And each of us whether makes. guarantor or endorser. hereby severally waives and renounces any and ail homestead extmption
rights we may have under the Constitution or Laws of the State of Florida. or any other State or United States, as against this note;
and each further waives demand, notice of non-payment and protest, and in the event it becomes necessary to collect this note
through an attorney, agrees to pay all costs of collection, including reasonable attorney's fee.
The principal and interest due hereunder shall be repaid in five equal annual installments of
$35,500.00, plus interest on the unpaid balance from time to time remaining, commencing one
year from the date of this note and continuing on the same day of each succeeding year until
the entire amount of principal and interest is paid in full. Ail payments shall include
principal and interest applying first to accrued interest, then to the reduction of the
principal. Failure to make any payment within thirty days after the same becomes-due shall,
at the option of the payee, cause the entire remaining balance to be due and payable in full.
Right to prepay in whole or in part, without penalty, is reserved.
/s/ Craig Carter
f SEAL
~ rag rter t
No. cue /s/ Denise Carter SEAS
Dense Ca~telr -
°r 315. ~~f X05
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