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~ ~o due And to ~iotd Ilte same, together urith tlto ter?emenfa, heredifumertts and appurte-
nances thereto belonging, and the rents, issues and profits thereof, unto the mortgagee, in fee simple. }
the mortgagor covenants with the mortgagee that the mortgagor is indefeasibly seized of said
land in fee simple: tha! the mortgagor has good right and lawful authority to convey said land as of
ore-
said; that the mortgagor will make such further assurances to perjrct the fee simple title to said land to the
mortgagee as may reasonably be required; that the mortgagor herby fully warrants the title fo said land
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 that certain First Mortgage executed by
William J. Chevalier and Barbara Ann Chevalier his wife in favor
of Citizens Federal Savings and Loan Association of St. Lucie County
(Loan #1191) dated June 15,1970 and recorded June 17,1970 in O.R.
Book 185 at Page 711 of the Public Records of St.Lucie County,
Florida in the original principal amount of $25,000.00.
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~COUlded 7LlW~UJS, that i f said mortgagor shall pay unto said mortgagee the certain promis-
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sory note hereinafter subatnntially copied or identified, fo-unit
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qre, /Y. hrsN1 r.f.W r ~.+rNrr 1MiMb~1N.rW bdrMdl fEMINOL[ ~OQM >n
WRAPAROUNDNO
95, 000.00 Mortga~ort ~ Ptlerce Ft~,r~a October $ 1979 i
FOR VAWE ~ECHvED the orders yne • p•om+set rc pay to the arcer o!
UNITED PARTNERS III, INC., a Florida Corporation
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~a, ~f Ninety-Five Thousand and No/One-Hundredths - - - - -
Lu'~ars
6 ~ e• ~•~h .merest Thereon at rM rate of ten Ger Ce,.r r~r.urn lrorn October 15,1979
r7 nnr,.r,•r• both pr,nQpel and ,ntorear pe.n~ t;ayat.te .n la«ful Moner cf •e- Sratn such p.+nupat s.,m an~ ~r•cres• savable :r ^uadrn.,-as as fofrr.«s
~G eyual monthly payments of $1,020.87 with the first-payment•to commence on
•:ovember 15,1979 and a like sum on the corresponding day of each like succeed-
i~9 period thereafter until November 15,1987 on which date the entire remainin
:.rinclpal balance_shall become due and payable in one BALLOON payment.The to
l this Note are fully subject to the Rider to the Mortgage securingg this Note'
e -aking this a Wraparound Mortgage Note. Any prepayment shall first be applied
~o the First Mortgage and Note and thereafter the remaining balance shall be
raid to the Holder of this Note.
Such msrailmem payments shall be apps+ed fast to rM u+rerest acau+nq under the terms of rhrs nog and then to a reduction of the prmapal indebtedness. -
ire makers and endorsers of th+s note further agree to wa+ve demand, notice dnon-payment snd protest, and m the sveM su+t shall bs brought for tM
c~ttec•+or hneoF, e. the same has to be coNected upon demand of an a'terney, to pay reasonable attorney's Fees for tna?in9 such coitect+on All payments Mre-
- 'r :hall bear +me+esr ar me rate of ten.ercent per annum From n-awr+!r until paid. Thn note is SKwed by a mOrt9a9e OF even date herew~rh and n to
~ ~r construed a-d enforced sccwd~ny to the laws of the State of Florida. ucon default in the Dayment d prinupai ardor interest when due- tt?e wl•iote wm of
~,,r•c pat and ,serest remairiny unpa;d shall, at the option of the holders oecome im rely Cue and paWble Fadwe to a:cross this option shall not consbturs
a waiver of rile tight to e,<erc+M tM same rn the event of wbsep.;ent dsfa:.:r r
- ~raofe ar P.O. Box 3430, 405 Ixoria Ave. ~~,kJ~ ,sEAI;
.WESTON
Ft. Pierce, Florida 33450 sEAI,
5 •y(h GrhN place as shalt bs 'SEAL)
q~ared by tM holder of This
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