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~0 ~ ~ tine same, togel{per with Ihs tenements, {ieredifamenls a~
d a
PPurle•
nances f{~ereto belonging, and the rants, issues and projifs thereoj. unto f{~e mortgagee, !n jee simple.
the mortgagor coi~enanb with the mortgagee t{~at the mortgagor b lndejeasibly seized of sold
land !n fee simple; that the mortgagor hoc good right and lawful nuthorlty to convey Bald land as ajorr-
said; fiat 1{~e mortgagor will mn~e suc/t jwlF~er assurances to perfect t/~e fee simple title to sold land in t1~e
mortgagee as may reasonably 6e rsqutred; tlat t{~e mortgagor hereby fully warrants t{~e title to sold land
and wil! de%nd the same ogairut the lawful claims of all persons w/~omsoener; and tl<at sold land is /ree
and clear o/ all encumbrances except taxes accruing subsequent to December
31, 1978.
AND
That certain Mortgage from Chester 0. Starlingg and Virginia
Starling, his wife, to Florida Bank at Fort~Pierce, dated November
12,21975, and recorded December 4, 1975 in 0. R. Book 246, page
0 public records of St. Lucie County, Florida, in the principal
amount of $80,000.00.
¦NW~Sr that tJ said mortgagor shall pay unto sntd
- tir. certain promis.
snr~r note. hereinafter substantially ropied or ldentljted, to-wit: -
MORTGAGE NOTE
$ 25, 000.00 Fort Pierce, Florida August 31 lg
7`
For value received, the undersigned promises to pay to the order of FIARIDA j
-BAHIC AT FORT PIERCE, at 501 Orange Avenue, Fort Pierce, Florida 33450, or !
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at such other place within the IInited States of America which the holder hereof
may designate iu writing to the undersigned, the sum of TWent~-Five
Thousan an o _ _ _ _ _ -
_ 3k~llara,- '
in installments, as follows: Fifteen consecutive monthly installments
• in the amount of $ 500.00 each, due and payable on the 15th day of
each calendar month hereafter, commencing on October 15 ~ 19
7~'
and a BALLOON and final installment of $~~~,5
S due an payable
on the 15th day of January 19.81 together with erect on
the unpaid balance hereof from the date her fat the~rate of 12 5 percent
(12.25 Z) per annum, payable on the same dates i tallments of prim ipal are due.
If any one or more of the following events ld happea: ere should be a
i
default in the payment of interest o n inst lment of pr cipal due hereunder, ~
or any party hereto should make an s nt r the ben it of his creditors,
or attachment or garnishment procee should be co ced, or a judgment be
entered against any party to this not or a receiver appointed over any
propertq of any party hereto, rocee ings be inst uted by or against any
party hereto under the Bankrupt ct, a amended, a holder hereof may, at
hie option, without notice or d n , declare this note immediately due and
payable. After the t ity of hi note, wheth by acceleration or otherwise, -
it shall bear interes the hig legal rat .
The holder hereof may, without otice and wi cut releasing the liability of
any party hereto, gran exteas ns or yens s hereof from time to time and for
any term or terms, add r rel se one or re parties hereto, acquire additional
security, or release an sec ity in who a or in part. The holder hereof shall
not be liable for or pre ced by fa re to collect or for lack of diligence
in bringing suit on this note`or any enewal or extension hereof.
All parties hereto waive protest a d agree that, in the sweat a default occurs
aad this note is placed in the h ds of an attorney for collection, they will
pay fifteen per cent (15X) of t e principal hereof as attorney's fee. The
' words "say party hereto" or " parties hereto" shall, is addition to the
undersigned,-include endorsers, sureties and guarantors of this note, aad
the word "undersigned" shall include th4 singular as well as the plural number.
Bight to pro-payment without penalty.
/s/ Chester 0. Starlin (Seal)
~p ester tar ng
800K~~ PAGE~~p /s/ Virginia Starling (SEAL)
Virginia Starling Raker