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' ~o }lave and to fold the same, together with the tenements, heredilamenls and appurte
nances Iherelo belonging, and the rents, issues and profits thereof, unto the mortgagee, in fee simple.
the mortgagor covenants with the mortgagee tha! the mortgagor is indefeasibly seized of said
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land in fee simple: that the mortgagor has good right and lawful authority to convey said land as afore-
said: that the mort{tagor will matte such further assurances to perfect the fee simple title to said land in the
i~ mortgagee as may reasuna6ly 6e required: that the mortgngor hereby fully warrants the title to sntd Inns
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end the same against the lawful claims of oll persons whomsoever: and that said Inns is free
it arcs clear of all encumbrances
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~rou~ded Always, that iJ said mortgagor shall pay unto said mortgagee the certnin promis-
e sory note hereinafter sufrstnntially copied or identified, to-rLit: _ _ _
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! ; s 1, 500- 00. .Port St. ,Lucie. Florida, , 1979
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~Or ~tt11IC ~tPtft117PD tf+q. undersigned prntly and severally promises to pay to the order
of WELCO~ HQME~ COi`J$TRUCTTAP:, ING.
" ~ the principal sum of 0>ze ThoaSand Fite Hundred atxi no/ 1 GG------ Dollars (Z 1, 500.00 ~
" - ~ together with interest thereon from date :t the rate of Thirteen t 13) per cent. per-annum until maturity,
` said interest being payable monthly on the 15th ~ day of each and every month bo?h principal
' < and interest being payable in lawful money of the United States at 2457 Del~:ne R:~d,
' ~ Pert St. I,tacie Florida.
or at such other place as the holder hereof may designate in writing. Prirxipal and interest payable in install- ~~v
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ments of Cie Ji.andred thirty-three and 98/100------------------- Dollars, (S 13;, yc ) ~t~~
"f each on the 15th day of each and every month, begiming on the 15th day of eDee~.t~e?'
19 79 ,and contirwing until said principal and interest have been paid. Each installment payment shall be
t ~ uedited first on the interest then dw; and the remainder on principal; and interest shall thereupon cease upon x y
3 ~ the principal so credited.
fr,A~ER Rte: P.: ~S THE RIGE?T TC) PP.EPAY T}'i:~ 'JOTF, A'::: f ;(?;?T:,:~"~r_' x~',1."~
Iii t.~ ~~LE OR IN !'ART :JITHOUf FEtJALTY. -
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e ~ u?KER ;HAi.!. A..SO PAY It'TER~ST IN THE A?•SOU':T OF $8. ' COVEkING x~.e
PERIOiJ GECF:•~ER 1, 1 ~7Q THP,OUGH DECEMPL• k 11J , 1979.
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~ Each make. and endorser severally waives demand, protest and notice of maturity, non-payment or protest and all re- -~L;
%e quirenient; necessary to hoW each of tMm liable as makers and endorsers- ~'',:e
2 Each rruker and endorser further agrees, pintly and severally, to pay all cost: of collection, including a reasonable atior- •,:lf
ney s Fee in case the principal of this note or any payment on the principal or any interest thereon is not paid at the respective t;~
maturity thereof, or in case it becomes necessary to proles the security l+er~ol, whether suit be brought or not.
This note and deferred interest payments shall bear interest at the rate of 13 per cent. per annum from maturity
until paid. k~','y
~ this note is secured by a first mortgage of even date herewith and is to be construed and enforced according to the laws
of the State of Florida; upon defauh in the payment cf principal and ! w interest when due, tl?e whole sum of principal and *1.''i
o interest remaining unpaid shall, at the option of the holder, become immediately due and payable
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K t, 1 P Q~ (seaq (s.al? iLi,
~ t7V~ Robert Ft. Yo~ing -,L,
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a (Sean Aracel~ ti. Ycung (Seat{
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